The Canadian Markets continued to fall ever so modestly during Tuesday’s session as the price of bullion dropped below the $900 per ounce mark. For the tale of the tape, the TSX Exchange fell 0.50%, while the TSX Gold Index lost 2.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.98% with the decliners beating out the advancers by a 416 to 336 margin on volume of 126 million shares traded.

Gold was under slight pressure right from the open in Sydney on Monday morning. Gold was down $10 about half an hour before the Comex opened. Then the bullion banks pulled their bids and the tech funds found themselves with margin calls…and their contracts got sold into a vacuum of no buyers…so the price plunged. Same old routine. Every rally attempt after that was crushed. Gold never had a chance. Ditto for silver. Both metals closed slightly above their lows of the Comex session. Yep, the US$ was up…but it had nothing to do with the pounding that the precious metals (and their shares) got.

It was a sea of red during Monday trading on the Canadian Markets with the oils and gold guys being the hardest hit. For the tale of the tape, the TSX Exchange fell 3.27%, while the TSX Gold Index dropped 4.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 3.36% with the declining issuers edging out the advancers by a 491 to 224 margin on volume of 108 million shares traded.

The Canadian Markets continued to march off their 2008 bottoms during the first day of trading in 2009. For the tale of the tape, the TSX Exchange added 2.74%, while the TSX Gold Index was the lone loser falling 2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 6.23% with the advancing issuers beating out the decliners by a 615 to 135 margin on volume of 144 million shares traded.

The Canadian Markets started off the trading week in fine form with investors cheering both the bailout of Citibank(NYSE:C) and President Elect Obama’s economic vision in the United States. For the tale of the tape, the TSX Exchange added 3.50%, while the TSX Gold Index climbed another 1.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 2.64% with the advancing issuers outpacing the decliners by a 421 to 357 margin on volume of 166 million shares traded.

The September selling binge accelerated during Wednesday trading on the Canadian markets as the Bank of Canada left interest rates unchanged and investors continued to unwind their resource trade positions.

Crude oil has dropped form its July 11 record of $147 to just over $113 a barrel. Gold, meanwhile, has come off its March high of $1,030.80 to slip back below $800 an ounce.

Many in the mainstream press are calling an end to the “commodities bubble.” But oil and energy expert Byron King warns investors against betting against cheap oil and gold.

Byron says what we are seeing now is a short- to medium-term correction in the trends for energy and resources. Investors who buy beaten-up oil service stocks and gold miners now stand to make major profits…

It was a quiet summer trading day for the Canadian markets during Friday’s session as falling commodity prices and Canada’s biggest monthly job loss in 17 years prompted some selling.