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The TSX Venture rally: Only for the brave

The S&P/TSX Venture composite index rose in early trading on Wednesday, even as its larger-cap cousins struggled, putting the small-cap Canadian index on track for its 11th consecutive gain.

That’s an impressive rally, but joining it requires nerves of steel and a sunny view on commodities: Over the past three years, the Venture index has been struggling to pull out of a demoralizing bear market – and without a pickup in mining activity, the bad times will continue.