The resource rich Canadian Markets rebounded with a vengeance during Wednesday trading. For the tale of the tape, the TSX Exchange added 2.06%, while the TSX Gold Index climbed another 2.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 1.53% with the advancers edging out the decliners by a 397 to 350 margin on 151 million shares traded.

Gold was near flat until the New York open on Wednesday, at which point it took off, shooting up $15 to $941, but that proved to be the high for the day, as the metal sold off through the Comex and early Globex before leveling off to finish at $931.00/oz., up $4.20. Overnight, gold is little changed.

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Gold fell below $915 at the mid-point of Hong Kong trading on Tuesday, but that proved to be the low for the day, as the metal rallied from there to the New York open, went flat until mid-morning, when it sold off again, but then pushed higher to the end of the Comex before leveling off through the Globex to finish at $925.80/oz., up $3.20. Overnight, gold has been pushing higher.

Euro leads currencies higher…  Commodities rally back on FOMC thoughts…  FOMC meeting today…  NZ Consumer Confidence on the rise… And Now… Today’s Pfennig!

Investors bailed out of the equity markets in a big way during Monday’s session on the Canadian Markets. For the tale of the tape, the TSX Exchange plunged 4.41%, while the TSX Gold Index dropped 5.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 3.59% with the decliners beating out the advancers by a 632 to 213 margin on a lower than normal 156 million shares traded.

Gold was steady to the end of Hong Kong trading on Monday, fell sharply from there to mid-morning in New York, dropping below $920, but then posted modest gains through the rest of the day, finishing at $922.60/oz., down $11.10. Overnight, gold is unchanged.

It was yet another quiet summer time Friday trading session on the Canadian Markets. For the tale of the tape, the TSX Exchange tacked on 1.64%, while the TSX Gold Index rebounded 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.4% with the advancers beating out the decliners by a 420 to 344 margin on a lower than normal 155 million shares traded.

Gold rounded out the week in desultory fashion on Friday, peaking only at $938 at noon, and retreating from there to close at $933.70/oz., up $1.40. For the week, gold was off half a percent.

The session started off with a nice rebound from Monday’s sell-off but as the day wore on the profit takers once again took control during Tuesday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange fell 0.84%, while the TSX Gold Index bucked its recent losing streak by jumping 1.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.55% with the advancers edging out the decliners by a 400 to 397 margin on a robust 223 million shares traded.