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by Stockwatch Business Reporter

Well, that ended quickly: New York spot gold briefly topped $4,350 Friday morning, up over $71.00, but bullion quickly turned southward, taking the TSX Venture Exchange and the TSX gold index along for the ride as it fell to $4,250. By the end of the session, gold was at $4,299.30, up $20.20 on the day, while the TSX-V dropped 3.03 points to 954.61 and the gold index lost 7.58 points to 812.07.

Just a few Canadian golds scoring early gains held their ground through the day: Allied Gold Corp. (AAUC) had a good day, advancing 46 cents to $31.60 on 860,000 shares. Aya Gold & Silver Corp. (AYA), was strong early, then lost ground, but ended the day up 64 cents to $20.97 on 4.03 million shares, and Orezone Gold Corp. (ORE) was a Gloomy Gus all day, dropping eight cents to $1.63 on 4.81 million shares.

Louis Castro and Brad George's Orosur Mining Inc. (OMI) lost three cents to 39 cents on 1.21 million shares on word it is about to wrap up its latest drilling in the Pepas area of its Anza project, west of Medellin in Colombia. The drilling, the company says, is in aid of a coming initial resource estimate for the area, which is immediately northeast of the Apta and El Cedro areas of the project.

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