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by Stockwatch Business Reporter

New York spot gold continued to lose ground Monday as it fell $54.10 to $2,982.70 as global stock markets, indeed all markets, continued to slide. The slump began with a downward glide lower two months ago, then prices fell off the proverbial cliff last week. Today was better than Friday, as the Dow Jones Index only lost 349 points in the end, but not even a heavy weighting toward gold and metals could save the TSX Venture Exchange from tagging along, as it fell 8.5 points to 567.42 today.

The TSX gold index held its own despite bullion's slide. It rose 1.93 points to 415.18, aided by some noteworthy gains amid the falls. Ivanhoe Mines Ltd. (IVN) jumped 88 cents to $11.15 on 11 million shares to help lead the advance. Endeavour Silver Corp. (EDR) was strong today as well, as it added 22 cents to $4.68 on 3.08 million shares.

Still, there was plenty of red ink splotched across today's charts. Equinox Gold Corp. (EQX) fell 33 cents to $8.20 on 6.36 million shares in silence, while China Gold International Resources Corp. (CGG) slid 99 cents to $7.96 on 23,000 shares, also quietly. New Found Gold Corp. (NFG) found another multiyear low today at $1.34, but it ended the day up two cents to $1.40 on 1.48 million shares.

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