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by Stockwatch Business Reporter

New York spot gold rose $12.20 to close at $2,649.10 on Black Friday -- the shopping one, not the market kind, thankfully. The TSX Venture Exchange rose 6.57 points to 614.26 while the TSX gold index added 0.35 point to 358.18. Most gold miners with Canadian listings moved northward with bullion today, although the gains were generally modest. Endeavour Mining PLC (EDV) bucked the trend, dropping six cents to $27.87 on 657,000 shares, but Capstone Copper Corp. (CS) added 25 cents to $9.68 on 4.07 million shares.

Collin Kettell and Denis Laviolette's New Found Gold Corp. (NFG) continued to creep upward. It added eight cents to $2.59 on 600,000 shares today, although investors returning from a six-month wilderness excursion would be horrified to see today's close. New Found Gold traded as high as $5 in midsummer, and it was as high as $13.50 three years ago. The long slide is not the result of bad news -- New Found has been rolling out bursts of bonanza-grade assays over significant intervals for the past four years. The problem is that the company still does not have a resource estimate, much less a dream sheet for the intriguing project.

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