This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold lost $14.40 to $1,185.90 Monday. The TSX Venture Exchange slipped 1.55 points to 682.34 and the TSX Gold Index lost 2.06 points to 152.78.

Gold miners in Canada mirrored bullion's fall. Goldcorp Inc. (G) fell 12 cents to $20, Detour Gold Corp. (DGC) fell three cents to $14.89, Barrick Gold Corp. (ABX) dropped 32 cents to $13.76 and New Gold Inc. (NGD) lost one cent to $3.66.

Terry King's Goldstrike Resources Ltd. (GSR) added one cent to 17 cents on 359,000 shares. The company has begun drilling at its Gold Dome property in the Yukon, where Mr. King is promoting his latest visible-gold sightings with a photo. Mr. King spotted visible gold flecks three years ago, the promotion of which boosted the stock by 50 cents to 80 cents. It dropped back to 30 cents weeks later, when the best assay result was only nine metres of 0.7 gram per tonne gold. A disappointed Mr. King lamented that preliminary drill holes did not explain all the visible gold he was seeing at surface. Neither did the second nor third round of drill holes. Hopefully this drill program will explain today's sightings. The company has $1-million in working capital. President King, a former securities lawyer, receives a modest $80,000 a year to run the company. He takes no salary from his other company, Petro One Energy Corp. (POP: $0.065).

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS