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by Stockwatch Business Reporter

New York spot gold lost another $31.10 on Friday, ending the day at $3,335.90. (Not that you should panic, Mr. Goldbug, but bullion was $100 higher on Tuesday.) The TSX Venture Exchange dropped 1.8 points to 801.13 while the TSX gold index jumped 8.89 points to 520.17. Soma Gold Corp. (SOMA) fell 11 cents to $1.25 on 655,000 shares in silence today, but Newmont Corp. (NGT) did well on news, adding $6.33 to $90.10 on 1.04 million shares. Newmont said late yesterday that it had a "strong second quarter," and the market agreed that producing 1.5 million ounces of gold and generating $1.7-billion (U.S.) in free cash flow qualified as strong.

At the other end of the strength spectrum, Nicole Brewster's Renforth Resources Inc. (RFR) closed unchanged at two cents on 339,000 shares on word of "positive surface gold results" from prospecting at its Parbec project in the Malartic district of northwestern Quebec. This stage of work, enthused Ms. Brewster, president and chief executive officer, "does not require intensive permitting or resource mobilization for Renforth" -- a promoter's way of saying "we owe a lot of money and have little, but nevertheless need to generate some news." (At the end of June, Renforth owed about $570,000 more than it had.)

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