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by Stockwatch Business Reporter

New York spot gold had another in a long series of erratic days on Thursday, gyrating like the tail of a house cat catching a glimpse of a sparrow through a closed patio door. (The instinct is there but the means of attack are not -- bullion's direction seems at the whim of military commanders in Tehran, Washington and Jerusalem.) And so, gold, which had rallied from below $4,100 a week ago to get within hissing distance of $4,800 late yesterday, slumped $240 in the wee hours today. The to-and-fro twitching continued, with bullion ending the abbreviated week at $4,668.70, down just $88.80 on the day.

The TSX Venture Exchange added 2.88 points to 977.43, while the TSX gold index lost 4.23 points to 936.94 today. Nearly all Canadian gold miners moved southward initially, and several stayed down for the day. One of the latter was Silver X Mining Corp. (AGX), which lost five cents to 71 cents on 3.84 million shares. Some rebounded into the green, including Lundin Gold Corp. (LUG), which added $1.41 to $111.41 on 837,000 shares.

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