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by Stockwatch Business Reporter

Bullion took a breather Thursday as New York spot gold retreated $16.70 to $3,324.90. American markets were down and the TSX was up, with the TSX Venture Exchange following the former, dropping 5.04 points to 633.83. The TSX gold index tracked lower with bullion, dropping 9.20 points to 490.89. Most gold miners listed in Canada took their licks today. Wesdome Gold Mines Ltd. (WDO) fell 69 cents to $17.89 on 1.1 million shares while New Found Gold Corp. (NFG) lost 13 cents to $1.61 on 539,000 shares. Artemis Gold Inc. (ARTG) did buck the trend, rising five cents to $19.80 on 321,000 shares today.

Matthew Wilcox's Robex Resources Inc. (RBX) also did well. It added two cents to $3.12 on 57,000 shares on word it is offering 38.59 million shares at $3.11 (Australian) -- about $2.73 in Canadian currency -- as an initial public offering ahead of its coming listing on the Australian Securities Exchange. Yes, this is a discount of at least 10 per cent to recent trading depending on how you calculate it, but investors appear bullish nonetheless, perhaps because Robex can put the $105-million to good use.

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