Profit taking was the name of the game during Tuesday trading on the Canadian markets as investors position themselves ahead of the third quarter earnings season. For the tale of the tape, the TSX Exchange gave back 4.44%, while the TSX Gold Index fell 9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 1.58%, with the declining issuers out pacing the advancers by a 471 to 351 margin on volume of 142 million shares traded.

Over in New York, shares of Freeport-McMoRan Copper & Gold got slammed after the company announced that third quarter profit fell to $523 million or $1.31 per share from $775 million or $1.87 per share in the year ago period. Lower copper prices resulted in a 9% drop in revenue to $4.62 billion. Freeport ended the day down $3.98 at $32.74.

Once again the low price of nickel prompted a mine shut

The hemorrhaging continued during Thursday trading on the Canadian Markets as falling commodity prices had investors running for the exits yet again. For the tale of the tape, the TSX Exchange lost 0.58%, while the TSX Gold Index plunged 9.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 5.39% with the declining issuers swamping the advancers by a 668 to 247 margin on volume of 153 million shares traded.

Junior explorers that have liquidity faced the brunt of the selloff with Full Metal Minerals dropping C$0.075 to close at C$0.315, Hathor Exploration (HAT) lost C$0.23 to close at C$1.50 and VMS Ventures (VMS) dropped C$0.01 to close at C$0.28. Full Metals is in the midst of the bulk sample at its Lucky Shot project in Alaska, Hathor has a nice looking uranium discovery at its MidWest NorthEast project in Saskatchewan and VMS has a high-grade base

The unified interest rate cuts that included a 0.5% reduction in Canada did little to bolster investor confidence early on, but a binge of late day buying propelled the big board into the black by the close of Wednesday trading on the Canadian Markets.

Author: agoracomAdded: Sun, 28 Sep 2008 06:53:21 -0800Duration: 522

AGORACOM - The Small Cap Epicenter reports on the day's best small cap and micro cap press releases before the opening bell. Today's show features: Noront Resources - TSX-V:NOT $1.85### VMS Ventures - TSX-V:VMS $0.45### Mosquito Consolidated Gold - TSX-V:MSQ $1.00### Romarco Minerals - TSX-V:R $0.115### East Asia Minerals - TSX-V:EAS $0.60### Worldwide Energy and Manufacturing - OTC BB:WEMU $6.00###

Author: agoracomAdded: Tue, 16 Sep 2008 13:34:42 -0800Duration: 603

AGORACOM - The Small Cap Epicenter reports on the day's best small cap and micro cap press releases before the opening bell. Today's show features: CarBiz - OTC BB:CBZFF $0.10### Electronic Game Card - OTC BB:EGMI $0.669### Oromin Exploration - TSX-V:OLE, OTC BB:OLEPF $1.22### Mosquito Consolidated - TSX-V:MSQ $0.80### Kinbauri Gold - TSX-V:KNB, FSE:3KG $0.43### VMS Ventures - TSX-V:VMS $0.39###