Profit taking was the name of the game during Tuesday trading on the Canadian markets as investors position themselves ahead of the third quarter earnings season. For the tale of the tape, the TSX Exchange gave back 4.44%, while the TSX Gold Index fell 9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 1.58%, with the declining issuers out pacing the advancers by a 471 to 351 margin on volume of 142 million shares traded.

The hemorrhaging continued during Thursday trading on the Canadian Markets as falling commodity prices had investors running for the exits yet again. For the tale of the tape, the TSX Exchange lost 0.58%, while the TSX Gold Index plunged 9.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 5.39% with the declining issuers swamping the advancers by a 668 to 247 margin on volume of 153 million shares traded.

There was more blood in the streets for the Canadian markets during Tuesday trading as the price of oil continued to slide. For the tale of the tape, the TSX Exchange fell 0.22%, while the TSX Gold Index was the lone winner by gaining 3.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged another 4.94% with the declining issuers swamping the advancers by a 705 to 240 margin on volume of 169 million shares traded.

It was more of the same during Thursday trading on the Canadian markets as investors continued to unwind their resource trade positions and the subsequent panic selling drove the junior board to fresh three year lows.

The reversal of fortunes continued as the junior board issues outperformed the big bourse during Thursday trading on the Canadian Markets.

The Canadian Markets gave back much of Tuesday’s record breaking gains on the big board but investors continued to gobble up the more speculative stocks on the junior bourse during Wednesday trading.