Shares of Hudbay Minerals (HBM) added C$0.38 to close at C$5.35, while Lundin Mining failed to attract interest losing C$0.05 to close at C$1.95.

Diversified miner Teck Cominco (TCK) added C$1.20 to close at C$16.30.

Shares of Blue Note Mining (BN) hit C$0.01 after the company announced that its Caribou and Restigouche zinc and lead mines in eastern Canada are being put on care and maintenance. Current zinc and lead prices make the operation unprofitable.

Shares of Alexis Minerals (AMC) jumped C$0.09 to close at C$0.395 following news of a 3.45 metre drill intercept running 6.81% copper at its project in Val d’Or, Quebec.

The big board gold miners got slammed yet again as Barrick Gold (ABX) fell C$1.11 to close at C$27.93, Goldcorp dropped C$1.05 to close at C$23.70, Kinross Gold ended the day down C$0.15 at C$12.75, Yamana Gold (YRI) gave back C$0.09 to close at 5.55 and Agnico Eagle (AEM) bucked the trend by adding C$0.61 to close at C$42.53.

Inflation versus deflation seems to be the trading story of the day, with several pundits now betting against gold as interest rates appear set to fall further. We will see what Monday trading has in store.

Source: Resource Stock Roundup Monday, October 20th, 2008

For the tale of the tape, the TSX Exchange lost 1.18%, while the TSX Gold Index gave back 0.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.60% with the declining issuers beating out the advancers by a 472 to 355 margin on pathetic volume of only 90 million shares traded.

Hathor Exploration (HAT) reported that a drill hole intersected 5.3 metres of basement-hosted uranium mineralization having off-scale radioactivity readings at its 90% owned Midwest NorthEast property in Saskatchewan. This marks the longest continuous off scale reading hit so far. It was an opportunity for liquidity as Hathor ended the day down C$0.15 at C$3.35, while 10% owner Terra Ventures added C$0.01 to close at C$0.83.

Verena Minerals (VML) added C$0.05 to close at C$0.19 after reporting that it hit 7.1 grams gold per tonne over 14.3 metres at its Volta Grande project in Brazil.

Beaten up zinc miner Blue Note Mining (BN) managed to tack on C$0.005 to close at C$0.055 after announcing that it is trying to reduce costs at its Caribou zinc mines in New Brunswick.

The final trading week of August is now underway and so far little has changed for the Canadian markets as selling continues to dominate the day. We will see what Tuesday trading has in store.

Source: Resource Stock Roundup Tuesday August 26, 2008

For the tale of the tape, the TSX Exchange fell 1.88%, while the TSX Gold Index gave back 4.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 2.7% with the declining issuers beating out the advancers by a 569 to 281 margin on volume of 109 million shares traded.

Shares of Blue Note Mining (TSE:BN) added C$0.01 to close at C$0.05 after Jaguar Financial (TSE:JFC) reported that it had acquired over 30 million shares of the company and now holds an 11.3% equity stake.

Macusani Yellowcake (CVE:YEL) reported a 6.45 metre intercept running 0.203% U308 at its Colibri II property in southeastern Peru. Nobody cared, as Macusani ended the day unchanged at C$0.40.

Minera Andes (TSE:MAI) posted a second quarter profit of $8.9 million, or $0.05 per share thanks to its 49% owned San Jose mine in southern Argentina. Minera ended the day up C$0.01 at C$1.19.

It was another painful day for those investors with a steadfast belief that the commodity stocks will eventually recover. The sell-off is clearly testing the fortitude of even the seasoned optimist. We will see what Monday trading has in store.

Source: Resource Stock Roundup: Saturday, August 16th, 2008

Today, The Sovereign Society’s Investment Director, Eric Roseman, says France’s Groupe Danone (EPA:BN) is another excellent way to play the downturn.

The world’s largest fresh dairy company posted strong earnings last week. And it is set to benefit from a correction in commodity prices.

Food stocks are popular recommendations during economic downturns.

Another great global giant is Groupe Danone (EPA:BN) of France.

Danone’s stock plunged almost 20% in June as panic-selling engulfed global markets. Danone’s earnings, announced last Friday, were way above consensus estimates and the stock is up more than 10% in July. Danone is the world’s largest fresh dairy company with a significant market share in spring water (Evian) and a host of other products.

Despite surging input costs for the food companies this year, the majority of these giants are successfully raising prices. Consumers are still loyal to their favorite brands – even in a slowdown or recession. They won’t change their coffee brand or morning yogurt for a lower cost alternative. I expect that trend to hold true over the next several months until stocks finally muster a bottom.

Finally, commodity inflation now appears to be waning. Oil and natural gas prices are down sharply this month leading to the first severe commodity correction since last August. Other commodities, including the agricultural commodities, are down sharply, too.

Lower commodity prices for the remainder of 2008 would boost corporate earnings. It will also help the food and beverages group enormously.

Source: Even During a Recession, Everyone Still Has to Eat