As is the norm of late, news flow slowed to a drip during Friday trading on the Canadian Markets with the headline on the junior front being a proposed three way merger. For the tale of the tape; the TSX Exchange added 0.63%, while the TSX Gold Index tacked on 1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.20% with the advancers beating out the decliners by a 430 to 360 margin on 176 million shares traded.

Commodity related stocks bounced off their recent lows and that helped the Canadian markets post gains during Thursday’s session. For the tale of the tape: the TSX Exchange rallied 1.25%, while the TSX Gold Index bounced up 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.85% with the advancers edging out the decliners by a 386 to 325 margin on a pathetic 108 million shares traded.

Gold traded mostly sideways yesterday. Apart from a $10 jump up towards the end of Comex trading and then an equal slide down early on the Globex, it was a tame day. The yellow metal closed at $912.30/oz., up $3.20. Overnight, gold is trending lower.

The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.

Investors came off the Canada Day holiday in a selling mood as profit taking dominated the resource sector during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange was down 1.24%, while the TSX Gold Index rebounded 0.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added a modest 0.06% with the decliners edging out the advancers by a 400 to 316 margin on a weak 118 million shares traded.

China has stopped stockpiling metals, according to reports in the Chinese media. Will this put the cap on the recent strength in base metals prices? The AFP reports that, “China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine reported on its website over the weekend, citing Yu Dongming, an official with the state economic planner.”

Investors heading for the exits ahead of the Canada Day holiday as a sea of red engulfed the Canadian Markets during Tuesday’s session. For the tale of the tape, the TSX Exchange down 0.97%, while the TSX Gold Index fell 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 1.23% with the decliners edging out the advancers by a 413 to 361 margin on 151 million shares traded.

The bigger board resource stocks continued to ascend to higher levels but the more junior exploration stocks fell victim to a lack of buyers during Monday’s session on the Canadian Markets. For the tale of the tape, the TSX Exchange added 0.84%, while the TSX Gold Index tacked on 0.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 0.54% with the decliners edging out the advancers by a 443 to 342 margin on 161 million shares traded.

It was yet another quiet Friday trading session on the Canadian Markets. For the tale of the tape, the TSX Exchange added 0.33%, while the TSX Gold Index gave back 2.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.77% with the advancers edging out the decliners by a 410 to 359 margin on a weak 131 million shares traded.

The resource bulls continued to trample the bears during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange added 2.52%, while the TSX Gold Index climbed another 4.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 1.14% with the advancers edging out the decliners by a 411 to 374 margin on a weak 123 million shares traded.