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by Stockwatch Business Reporter

Gadzooks! Just when it appeared stability had set in, New York spot gold slumped $147.10 Friday, ending the week at $4,327.30. The TSX Venture Exchange tagged along, sliding 64.15 points to 956.61 while the TSX gold index flopped 68.87 points to 788.51. At one point in winter, both indices topped 1,100 points. McEwen Inc. (MUX) helped lead the downdraft, falling $3.99 to $25.47 on 316,000 shares. It had plenty of company: Americas Gold and Silver Corp. (USA) lost $1.25 to $6.84 on 2.93 million shares and Avino Silver & Gold Mines Ltd. (ASM) misplaced $1.30, ending the week at $8.15 on 2.12 million shares.

Well, it got what it asked for. John Plourde's Pacific Booker Minerals Inc. (BKM) successfully beat back a hostile bid from Stephen Stewart and Anthony Moreau's American Eagle Gold Corp. (AE). American Eagle lost just three cents to $1.11 on 588,000 shares today on word that it has terminated its offer of 1.41 shares for each share of Pacific Booker. And so, the modest premium offered to Pacific Booker's shareholders went poof today, as their stock lost 29 cents to $2.21 on 36,000 shares.

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