U.S. MARKETS -NOVEMBER 8-12

Markets finished the week with a sharp pullback as European debt fears and China inflation worries spooked investors. The Dow Jones industrial average tumbled 251.5 points, to close the Nov. 8-12 trading week at 11,192.58, while the Nasdaq composite index lost 60.77 points, to end at 2,518.21.

The S&P 500 index had its biggest weekly drop in three months, shedding 2.2%, or 26.64 points, to close at 1,199.21. Gold touched a new high of US$1,424 per oz. at the start of the week before taking its biggest hit in four months, dropping 2.3%, or US$32 per oz., to finish at US$1,365.50. The Philadelphia Gold and Silver index managed to hold on to some of its gains during the week, closing at 216.10, up 0.6%.

Haywood Securities attributes the drop in gold price to speculation that China will raise domestic interest rates to combat inflation. “Nonetheless, given lingering concerns over sovereign debt issues in Europe and declining growth prospects in EU member states, gold and gold equities retain their safe-haven buying appeal,” Haywood Securities states.

In other commodities, the spot price for copper slipped US3¢ to US$3.91 per lb., silver was off US67¢, or 2.5%, to US$26.06 per oz. and crude oil lost US$1.97, or 2.3%, to end at US$84.88 per barrel.

BHP Billiton shed US$5.17 to close at US$86.97 after officially conceding defeat and retreating from its hostile takeover bid for Potash Corp. of Saskatchewan. The move comes less than two weeks after the Canadian government rejected its US$39-billion unsolicited bid as not having a net benefit for Canada. BHP says the condition of its offer cannot be satisfied under the Investment Canada Act, and accordingly, has withdrawn its offer.

Uranium Resources shares jumped US92¢ to US$2.67. The junior, which is exploring for uranium in Texas and New Mexico, recently raised US$9 million in net proceeds through a public offering of 8.2 million shares at US$1.16 apiece. The company also announced it struck a letter-of-intent option agreement with a subsidiary of Cameco, with regards to a land package in south Texas.

U.S. most active issues
	VOLUME	WEEK
	(000s) HIGH	LOW	CLOSE	CHANGE
Hecla Mining* HL	142055 9.75	7.94	8.41	+ 0.48
Alcoa* AA	126551 14.17	13.32	13.49	-0.51
Silver Wheatn* SLW	102029 37.20	31.76	33.79	+ 0.84
Freeport McMo* FCX	71012 108.51	100.62	103.92	-0.92
Barrick Gold* ABX	66735 53.44	48.94	50.73	+ 1.52
NovaGold Res* NG	57775 15.42	13.51	14.66	+ 1.30
Silverado* SLGLF	56670 0.00	1.0E8	0.00	0.00
Uranium Res* URRE	47531 2.90	1.80	2.67	+ 0.92
Golden Star* GSS	47471 6.01	4.47	4.49	-1.29
Goldcorp* GG	39460 48.94	45.79	46.44	+ 0.24

U.S. greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Amazon Goldsd*	AZNG	16	0.40	0.20	0.40	+ 150.0
Uranium Res*	URRE	47531	2.90	1.80	2.67	+ 52.5
Fischer-W Gld*	FWGO	1287	0.06	0.04	0.06	+ 50.0
Madison Minls*	MMRSF	174	0.21	0.15	0.18	+ 38.4
Commerce Grp*	CGCO	40	0.04	0.02	0.04	+ 33.3
Grandview Gld*	GVGDF	18	0.09	0.09	0.09	+ 28.5
Metalline Mng*	MMG	663	0.86	0.63	0.81	+ 26.5
Tombstone Exp*	TMBXF	794	0.10	0.07	0.10	+ 25.0
DouglasLkMl*	DLKM	742	0.40	0.29	0.35	+ 25.0
New Jersey Mg*	NJMC	391	0.35	0.21	0.26	+ 23.8
Affinity Gold*	AFYG	71	0.08	0.06	0.06	-25.0
Golden Star*	GSS	47471	6.01	4.47	4.49	-22.3
Canarc Res*	CRCUF	2576	0.23	0.14	0.14	-22.2
Lake Vict Mng*	LVCA	1085	0.45	0.32	0.33	-17.5
Starfield Res*	SRFDF	266	0.07	0.05	0.05	-16.6
Almaden Mnls*	AAU	2331	3.28	2.59	2.70	-11.7
Uranerz Energ*	URZ	16237	4.13	2.76	2.85	-11.2
Constittn Mng*	CMIN	5167	0.33	0.20	0.24	-11.1
Crystallex In*	KRY	2603	0.37	0.32	0.33	-10.8
US Energy*	USEG	1389	5.85	5.03	5.08	-10.8

U.S. greatest value change
WEEK
	VOLUME	CLOSE	CHANGE
Alpha Nat Res* ANR	21856873	48.62	+ 4.17
Consol Energy* CNX	27103584	42.50	+ 3.30
Cameco Corp* CCJ	24878933	35.95	+ 2.69
Pan Am Silver* PAAS	15952495	36.78	+ 2.20
NaturalRsPt* NRP	350373	30.68	+ 1.86
Barrick Gold* ABX	66735273	50.73	+ 1.52
Randgold Res* GOLD	4820996	98.51	+ 1.50
NovaGold Res* NG	57775117	14.66	+ 1.30
Puda Coal* PUDA	499845	13.07	+ 1.08
Uranium Res* URRE	47531116	2.67	+ 0.92
BHP Billi-BHP* BHP	15731240	86.97	-5.17
Agrium* AGU	1812525	80.81	-4.34
BHP Billi-BBL* BBL	7510994	75.76	-4.18
Cliffs Nat Rs* CLF	17220377	67.52	-3.58
Compass Mnls* CMP	434308	79.57	-2.58
Soc Quim&M Ch* SQM	1702695	50.67	-2.04
ASA (Bermuda)* ASA	424001	33.24	-1.77
OM Group* OMG	1065018	36.68	-1.72
Seabridge Gld* SA	1835499	28.42	-1.60
AlumCpChina* ACH	437225	23.80	-1.51