TORONTO STOCK EXCHANGE -October 4-8

The TSX composite index continued to beef up thanks in large part to its strong ties with the commodities sector. For the Oct. 4-8 period, the index gained 160 points to finish up at 12,535.59.

The Canadian dollar strengthened against the U.S. greenback but fell against other major currencies.

That discrepancy was attributed to, on one hand, the likelihood of more quantitative easing in the States but on the other, the Canadian economy’s tight connection with the U.S. economy and its sluggish growth prospects.

Bad employment numbers in the U.S. were behind the belief that more loose monetary policy was coming from the Federal Reserve, so it wasn’t surprising to see gold continue to venture towards new heights. The metal was up US$35 to finish at US$1,351.50 but the Global Gold index failed to reflect that enthusiasm as it fell, if only slightly, by 3 points to 397.83.

The Capped Metals & Mining index, however, continued on its steep upward trend as it added another 31 points to finish at 1,197.15, in a period in which the prices for copper, aluminum, nickel, tin, lead and zinc were all higher.

High-grade assay results from its Accha zinc oxide district in southern Peru pushed Zincore Metals up 67% to 60¢ The company announced highlights including 20.12% zinc over 36.1 metres, 11.42 % zinc over 22.7 metres, 18.51% zinc over 12.3 metres and 18.53% zinc over 21.4 metres. Zincore plans to finish drilling at the end of October after which it will work towards generating a technical report on the project.

The drill was also kind to South American Silver as the company climbed 43% to $1.00 after reporting extremely wide intercepts from its Malku Khota silver-indium project in Bolivia. Highlights included 286.4 metres grading 75.8 grams silver equivalent, 318 metres of 150.5 grams silver equivalent and 202 metres of 113.5 grams silver equivalent. The company says it has drilled 6,000 metres of the 11,500-metre drilling campaign for this year.

Crocodile Gold poured a record amount of gold in September and the market rewarded the company with a 34% boost to its share price as it finished at $1.49. The company said it poured 10,024 oz. gold for September and is on track to produce 85,000 oz. for the year. Crocodile is producing gold from three open-pit mines and one underground mine, all of which are in Australia’s Northern Territory.

And a takeover bid for GlobeStar Mining had that company’s shares up 34% to $1.58. The offer comes from Australianbased, but majority Chinese owned, Perilya Ltd, and is for $1.65 per share -a 30% premium. GlobeStar’s board said it fully supported the bid, which its shareholders will have 35 days to accept.

TSX most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Kinross Gold	K	43604	19.98	18.94	19.25	-0.01
Eastern Platin	ELR	38839	1.59	1.37	1.51	+ 0.12
Andean Res	AND	33550	6.43	6.18	6.30	-0.01
Crowflight Mnl	CML	27608	0.06	0.05	0.05	-0.01
Western Coal	WTN	26804	6.89	5.97	6.80	+ 0.62
Yamana Gold	YRI	26643	12.12	11.39	11.71	+ 0.05
Crocodile Gold	CRK	24933	1.65	1.08	1.49	+ 0.38
Lundin Mng	LUN	23369	5.55	5.01	5.50	+ 0.28
Teck B	TCKB	18635	45.18	42.11	45.01	+ 1.66
Goldcorp	G	18382	46.09	43.58	44.56	+ 0.01

TSX greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Zincore Mtls	ZNC	3763	0.63	0.37	0.60	+ 66.6
DynacorGoldM	DNG	742	0.84	0.53	0.84	+ 50.0
South Am Silvr	SAC	4449	1.00	0.68	1.00	+ 42.8
Geologix Ex	GIX	7124	0.47	0.32	0.47	+ 42.4
Crocodile Gold	CRK	24933	1.65	1.08	1.49	+ 34.2
Globestar Mng	GMI	4435	1.62	1.20	1.58	+ 33.9
Cluff Gold	CFG	28	2.90	1.75	2.24	+ 33.3
Polaris Minls	PLS	3481	1.16	0.85	1.10	+ 29.4
Alexco Res	AXR	2180	6.35	4.56	6.02	+ 28.6
Caledonia Mng	CAL	7014	0.09	0.07	0.09	+ 28.5
Hard Creek Ni	HNC	237	0.31	0.24	0.26	-18.7
Contl Precious	CZQ	360	0.65	0.52	0.53	-18.4
Timminco	TIM	6824	0.47	0.37	0.37	-17.7
Golden Peaks	GL	101	0.61	0.51	0.51	-17.7
Acadian Mng	ADA	2207	0.05	0.05	0.05	-16.6
Crowflight Mnl	CML	27608	0.06	0.05	0.05	-16.6
Franconia Mnls	FRA	1339	0.59	0.49	0.51	-13.5
Laramide Res	LAM	1036	1.68	1.43	1.44	-13.2
Velocity Minls	VLC	49	0.16	0.14	0.14	-12.5
EMC Metals	EMC	566	0.08	0.07	0.07	-12.5

TSX greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Agrium	AGU	6257761	82.12	+ 5.62
First Quantum	FM	4008117	84.63	+ 4.71
PotashCpSask	POT	5669751	147.50	+ 2.50
Inmet Mining	IMN	1463119	60.01	+ 2.44
Cameco Corp	CCO	5186362	30.21	+ 1.69
Teck B	TCKB	18635045	45.01	+ 1.66
Teck A	TCKA	20161	45.18	+ 1.58
Franco-Nevada	FNV	1753051	33.82	+ 1.47
Silver Std Res	SSO	953179	22.25	+ 1.46
Alexco Res	AXR	2180108	6.02	+ 1.34
Newmont Mng	NMC	27384	63.55	-1.41
Detour Gold	DGC	2371585	28.06	-1.19
Allied Nevada	ANV	1426306	26.85	-1.04
Royal Gold	RGL	29277	50.50	-0.83
Golden Mnls	AUM	627162	19.38	-0.82
SouthGobi Res	SGQ	337906	10.10	-0.51
Minefinders	MFL	2164887	9.44	-0.50
Coeur d Alene	CDM	65384	20.09	-0.40
Alamos Gold	AGI	4161910	16.94	-0.37
Ventana Gold	VEN	1911043	10.04	-0.36