The blood bath continued during Tuesday trading on the Canadian Markets, as investors ran for the exits in every sector but gold. For the tale of the tape, the TSX Exchange lost 3.92%, while the TSX Gold Index bucked the trend by gaining 1.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 3.50% with the declining issuers swamping the advancers by a 645 to 348 margin on good volume of 167 million shares traded.

San Gold (SGR) reported a 1.8 metre intercept running 103 grams gold per tonne at the Hinge No. 4 zone on its Rice Lake project in Manitoba. San Gold ended the day down C$0.03 at C$0.90.

Lucara Diamond (LUC) and partner Motapa Diamonds (MTP) recovered a 23.4 carat, type IIA diamond in the initial stage of phase 2 bulk sampling at the Mothae project in Lesotho. Lucara ended the day down C$0.10 at C$0.40, while Motapa closed up C$0.085 at C$0.355.

Gold-Ore Resources added C$0.03 to close at C$0.23 after reporting that is Bjorkdal mine is Sweden produced 2,692 ounces of gold in September.

Great Panther Resources (GPR) posed record production of 444,686 ounces of silver equivalent from its operations in Mexico. Great Panther ended the day down C$0.045 at C$0.45.

The junior bourse is another step closer to its 2002 low with the sell side volume increasing as investors run for the exits. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup Wednesday, October 8, 2008

Last 5 posts by Doug Casey

• Resource Stock Roundup:Monday, July 27, 2009 - July 27th, 2009
• Base Metals Higher - July 27th, 2009
• Crude Continues to Climb - July 27th, 2009
• Dollar Moves Lower - July 27th, 2009
• Gold Pushes Through $950 - July 27th, 2009