Resource Stock Round Up Tuesday July 22, 2008
Jul 22nd, 2008 | By Doug Casey | Category: Financial News, Gold MarketIt was more of the same during Monday trading on the resource-rich Canadian markets as the big board stocks continued to recover, while the junior bourse continued to sink. For the tale of the tape, the TSX Exchange added 1.19%, while the TSX Gold Index added 1.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.48% with the declining issuers beating out the advancers by a 552 to 356 margin on volume of 156 million shares traded.
It was a rough day for high flying Goldsource (GXS) as the diamond explorer turned accidental coal finder released results of its first drill hole following the April discovery of coal in Saskatchewan. Having rocketed from around C$0.20 to over C$19…