After an early morning sell-off the resource-rich Canadian markets rallied hard but the junior bourse still ended the session in the red during Wednesday trading. For the tale of the tape, the TSX Exchange added 1.10%, while the TSX Gold Index dropped 2.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell a modest 0.06% with the declining issuers continuing to swamp the advancers, this time by a 580 to 394 margin on volume of 138 million shares traded.

It was a good day for shareholders of Noble Metal Group (NMG) after the company’s subsidiary has entered into an exploration agreement with Cougar Minerals for the exploration of Noble’s 37,980 hectares of oil shale exploration permitted lands near Hudson Bay,…

The resource-rich Canadian markets managed a modest bounce back during Thursday trading as investors went bargain hunting following the recent sell-off.

It was an ugly start to the trading week as investors did an all out exodus from Canadian stocks during Monday trading. For the tale of the tape, the TSX Exchange lost 2.12%, while the TSX Gold Index fell 2.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.30% with the declining issuers swamping the advancers by a 694 to 304 margin on low volume of only 150 million shares traded.

Doug Casey says: “The equity markets seem to be facing a confidence crisis with worries over inflation sparking a global economic slow down starting to take hold.”