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by Stockwatch Business Reporter

There were no deals to be had in the bullion market on Cyber Monday, as New York spot gold jumped $20.40 to $4,238.10. The TSX Venture Exchange added 2.57 points to 939.91 while the TSX gold index added 0.29 point to 799.27. Silver X Mining Corp. (AGX) had a good day, adding six cents to 66 cents on 5.75 million shares without news. The gain follows an eight-cent rise on Friday on its third quarter results. China Gold International Resources Corp. (CGG) also did well, and on a longer silence, as it added $2.45 to $29.59 on 129,000 shares. Iamgold Corp., (IMG), on the other hand, lost 39 cents to $21.53 on 3.54 million shares.

Dr. Ewan Webster's Thesis Gold Inc. (TAU) jumped 35 cents to $2.25 on 4.09 million shares on word of a "positive prefeasibility study" of its Lawyers-Ranch gold project in the Toodoggone district of British Columbia. Rare is the study that a Howe Streeter does not deem positive, but the lofty price of bullion and growing dominance of gold bugs in the market have sparked a steady increase in base-case gold prices. And so, at $2,900 (U.S.) per ounce, the project carries an internal rate of return of 54 per cent after taxes, while at $4,100 (U.S.) per ounce, it swells to 88 per cent.

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