Resource Stock Roundup: Thursday, January 08th, 2009
Doug Casey (January 8th, 2009) Writes:
After making gains the last six sessions, the Canadian Markets fell victim to profit taking during Wednesday trading. For the tale of the tape, the TSX Exchange lost 3.70%, while the TSX Gold Index gave back 7.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 2.76% with the declining issuers beating out the advancers by a 467 to 307 margin on volume of 161 million shares traded.
Crosshair Exploration & Mining (AMEX:CXZ) and Target Exploration & Mining have agreed to merge in a transaction that would see Target shareholders get 1.2 Crosshair shares for each target share. The move gives Target access to Crosshair’s cash, while Crosshair gets Target’s Wyoming uranium assets. Crosshair ended the session down C$0.05 at C$0.25, while Target added C$0.045 at C$0.225.
It was a rough day for Shore Gold as the company announced a reduced 2009 exploration budget of C$17.9 million
...


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)




Pop quiz: The biggest company in the world? Nope, not Exxon Mobil, not today anyway. Would you believe…
Oh, how twisted the markets have become.
