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by Stockwatch Business Reporter

New York spot gold continued to retreat, slumping $116.40 on Monday, falling below the $4,000 mark that it flew past for the first time just three weeks ago, ending the session at $3,994.80 after getting close to $4,400 just a week ago. The TSX Venture Exchange continued its slide, falling 13.37 points to 950.35, while the TSX gold index crashed 31.71 points to 672.88.

Oh, where to start? How about a smile: Lundin Mining Corp. (LUN) added 68 cents to $21.43 on 8.96 million shares, a standout in the sea of red. Most bullion-bearing vessels laboured heavily in storm-driven seas today: Silver X Mining Corp. (AGX) sank four cents to 50 cents on 3.88 million shares, Pan American Silver Corp. (PAAS) shed $2.29 to $48.59 on 2.93 million shares and Iamgold Corp. (IMG) almost wished it wasn't today, as it fell 49 cents to $16.13 on 7.68 million shares.

None of those had news. One company with good news was Roger Rosmus and Crescat Capital's Goliath Resources Ltd. (GOT), but word of a hit averaging 10.72 grams of gold per tonne across 7.82 metres was wasted: Goliath's stock shrank two cents to $2.53 on 1.73 million shares. The assays, from another four holes drilled in the Surebet area of the Golddigger project in central British Columbia, also returned a 7.5-metre interval that graded 6.3 grams per tonne. A 7.65-metre hit in a third hole ran 6.11 grams per tonne. A 22-metre interval in the fourth hole managed 2.2 grams per tonne.

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