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In The Two Best Gold Investments In The World Right Now, Steve explains why gold is one investment that investors may soon be willing to pay almost any price to get… and how two gold investments in particular could easily double or triple in price over the next few years.

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Gold traded between $620 and $625 in Asia and jumped up to trade between $625 and $630 in London before it jumped up near $635 in morning New York trade, but it then fell back off below $630 ahead of a slight rally into the close that brought it back above $630 to get with in $1.60 of its 25 year closing high set last Wednesday.  Silver gained about 20 cents in Asia, added another 40 cents in London, and added still more in New York to end near its highs with a gain of more than 6%.

Euro gold rose back above €505, platinum gained $16 to $1,126 to new 26 year highs, palladium gained $9 to $363, and copper exploded 22 cents higher to new all-time highs at about $3.22.

Gold and silver equities jumped about 2% higher at the open but soon fell off to near unchanged before they rebounded slightly and carried minor gains into the close.

Some important gold/silver stories recently crossing the wire:

Barclays' silver ETF could be OKed in days -source

More Precious Metals Analysis:

From today’s Midas report by Bill Murphy of LemetropoleCafe.com:

“Gold rose $15 in the early going, with the key physical market PM Fix (most all gold pricing deals for the day are made on the Fix), coming in at a 25-year high of $634.75. Soon after the Fix was over, The Gold Cartel went into action AGAIN, right on cue. The President was doing his thing on TV at the time. Gold was tagged for $8.

As the day wore on, gold came right back. However, each time it took out $632, The Gold Cartel forces were there to stop it cold. One has to wonder now what sort of derivatives problems are percolating in the gold world.”

From The Hightower Report, Futures Analysis and Forecasting:

“The gold market impressed many in the trade with early gains on Tuesday and managed the gains in the face of initial weakness in the Dollar. As the session progressed a number of outside markets like silver and copper managed such impressive gains that gold rose right back to the vicinity of the precious highest closing price. With Iran making some very incendiary comments regarding the transfer of nuclear technology to their neighbors we suspect that flight to quality buying was intermingled in with the investment buying in gold. While the gold market has typically seen a positive daily price correlation with the energy and equity markets, that correlation was temporarily vacated on Tuesday. The gold market could easily have been put off by a recurrent headline suggesting that China would soon become the world's largest gold producer but given the current hype surrounding the market, traders are capable of discounting developments that aren't expected to occur in the coming 2-3 years.

The silver market managed an impressive upward extension after showing some initially choppy action early in the session. Surprisingly the silver market wasn't undermined by a minimal rise in the Dollar and a sharp slide in energy prices. Even more impressive is that silver managed to fully discount a bearish private silver surplus forecast of 48.4 million ounces for 2006. However, it seems that the US economic report slate came in surprisingly stronger than expected and with an explosion in copper prices on Tuesday, it would seem that the investment outlook for silver and the metals in general is going to remain entrenched. Another report on Tuesday suggested that ownership of silver and silver related investments was expanding rapidly and that the buyers were not selling their holdings as many would expect in the face of rising prices.”

Oil started off higher on renewed geopolitical concerns over Iran, but it soon fell off as President Bush spoke and laid out a plan to lower energy prices.

The U.S. dollar index dropped in Europe on strong German Sentiment, but it then rebounded in U.S. trade on strong U.S. Consumer Sentiment and ended only slightly lower on the day.  The euro rose to new 7 month highs.

Treasuries fell as strong economic data pushed the yield on the 10-year back above 5% to its highest since May 2002.

The Dow, Nasdaq, and S&P fell on strong economic data that renewed interest rate worries.

Among the big names making news in the market today were Meredith, Occidental Petroleum, Lucent, JetBlue, Northrop Grumman, BP, PepsiAmericas, Whirlpool, Burlington Northern, Reynolds American and Conwood, Lockheed, DuPont, AT&T, and Southern.

GATA Posts:

Geneva conference to examine central bank suppression of gold

If Dow triples, gold may rise tenfold, Marc Faber says

India's gold exchange-traded funds may hold only futures contracts, not metal

“My Two Ounces”

Peter Schiff today wrote about his “Top Ten Signs of a Precious Metals Bubble.”  Here are a few of the rejects that had to be cut to get down to just the 10 listed in the above article:

“The price of Gold exceeds the price of the Dow Jones.

CNBC broadcasts live from the Comex and changes the name of its popular morning show “Squawk Box” to “Open Outcry.”

David Letterman actually does a top ten list on the reasons to buy gold.

NBC’s next Apprentice features Goldcorp Chairman Rob McEwen as host.”

Our own Peter Spina came up with a few of his own:

-         Your real estate agent starts selling mining claims

-         Goldman Sachs actually places an average gold price forecast above the current price

-         Gold Investing for Dummies is peddled on CNBC, at your local bookstore and reaches #1 sales rank on Amazon.com

-         Gold & Silver Stocks added to the DOW Average (in an attempt to keep it going higher)

-         Bre-X stock surges as its ore samples “salted” with gold dust becomes valuable

-         Your DOT com and real estate bubble head friends start telling YOU about gold and silver!!

Have some “Top Ten” signs of your own?  What are your two ounces?  Access our forum here or send your comments by email to cm@goldseek.com

Gold & Silver Stock News Update from GoldReview.com:

A free, new stock report by Peter Zihlmann on Northgate Minerals was posted today and can be accessed here.  Gold Fields Ghana’s expansion plans, Nevsun’s drill results, Cumberland’s permitting update, Ivanhoe’s closed C$189 million bought deal financing, Banro’s drill results, Endeavour Silver’s closed C$23 million financing, Great Panther’s option to acquire a new property, and Minefinders’ increase in measured and indicated resources were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

All of today's gold and silver stock news:

Alberta Star Completes $10.2 Million Brokered Private Placement - More
- April 25, 2006 | Item | E-mail

Eloro Completes Financing - More
- April 25, 2006 | Item | E-mail

Endeavour Closes CA$23 Million Special Warrant Financing; Additional $8.5 Million Expected to Be Sold Subject to Shareholder Approval - "Endeavour Silver Corp. is pleased to announce that, further to its press release dated March 28, 2006 announcing the brokered private placement of up to 7,000,000 special warrants, it has now closed on the placement of 5,110,000 special warrants at CA$4.50 each, generating gross proceeds to Endeavour of CA$22,995,000." More
- April 25, 2006 | Item | E-mail

Gryphon Gold Announces New CFO - More
- April 25, 2006 | Item | E-mail

Starfire Airborne Survey, Eastern Quebec, Yields Widespread Radioactivity - More
- April 25, 2006 | Item | E-mail

Gold Fields Ghana plans mill expansion to cut costs - "Gold Fields Ghana is planning to more than double the capacity of the processing mill at its largest mine at Tarkwa as part of its efforts to cut rising costs, a company executive said on Tuesday. The Ghana unit of South Africa's Gold Fields has two gold mines in the West African country, Damang and Tarkwa. With proven reserves of 13.4 million ounces, the much-larger Tarkwa mine has a 20-year life expectancy." More
- April 25, 2006 | Item | E-mail

Keegan Commences Core Drilling at Asumura Gold Project - More
- April 25, 2006 | Item | E-mail

American Bonanza Identifies Massive Sulfide Potential at Fenelon - More
- April 25, 2006 | Item | E-mail

Social Unrest in Kolwezi, DRC - More
- April 25, 2006 | Item | E-mail

Great Panther to Acquire Option on Advanced Stage Silver Property - "GREAT PANTHER RESOURCES LIMITED is pleased to announce that it has signed a Letter of Intent for an option to acquire a 100% interest in the Km 66 Project in eastern Durango State, Mexico. The project consists of 17 concessions comprising 3,508 hectares and hosts significant silver-lead-zinc-gold mineralization with excellent potential for a large bulk tonnage deposit. The property is bisected by paved highway approximately 100 kilometres from Penoles' smelter at Torreon (66 km from the Bermejillo intersection, hence the name) and so infrastructure is excellent." More
- April 25, 2006 | Item | E-mail

China Gold Corp. Announces Appointment of New Director to the Board of the Company - More
- April 25, 2006 | Item | E-mail

Pacific Gold Corp. Announces Convertible Debenture Retired - More
- April 25, 2006 | Item | E-mail

Klondike Star Completes Successful Placer Drill Program - More
- April 25, 2006 | Item | E-mail

Nevsun Resources Ltd.: Drill Results from the Northwest Zone and Bisha Hangingwall Copper Zone, Eritrea - "Nevsun Resources Ltd. is very pleased to announce assay results from the recent drilling program on the Northwest Zone massive sulphide deposit as well as results of trenching and drilling of the Hangingwall Copper Zone of the Bisha deposit." More
- April 25, 2006 | Item | E-mail

Diadem Enters Into Binding Agreement to Acquire up to 57.5% Interest in Duquesne West Gold Project - More
- April 25, 2006 | Item | E-mail

Exploration to Proceed at Globex's Duquesne West Gold Property - More
- April 25, 2006 | Item | E-mail

CGW to list on Frankfurt Exchange - More
- April 25, 2006 | Item | E-mail

StrataGold intersects 3.1 g/t Gold over 33 metres at Tassawini, Guyana - More
- April 25, 2006 | Item | E-mail

Gemco announces "Notice of Work and Reclamation Permit" - More
- April 25, 2006 | Item | E-mail

Odyssey Appoints New Exploration Manager for Morocco - More
- April 25, 2006 | Item | E-mail

Rocmec Mining Inc. Appoints Former Minister of Mines Raymond Savoie as Chairman of the Board - More
- April 25, 2006 | Item | E-mail

Phase II Drilling Returns Best Ever Intersections from the Rambler Project - More
- April 25, 2006 | Item | E-mail

Minefinders Corporation Ltd.: Dolores Measured and Indicated Resources Increase to 3 Million Ounces Gold and 149 Million Ounces Silver - "We are pleased with these results. The increases come from in-fill and condemnation drilling that was not designed or expected to expand the known Dolores resources. We are, however, now mobilizing for a comprehensive, 35,000 metre step-out drill program that is specifically designed to significantly expand the current Dolores resources base. Updated resources estimates will be published as this program progresses." More
- April 25, 2006 | Item | E-mail

Banro intersects wide zones of gold mineralisation from its initial drilling at Lugushwa - "These initial drilling results at Lugushwa are encouraging, especially the significant widths of intersections. In addition, this drilling program has started to give us important information on the lithological and structural controls for the mineralization. Two core rigs will continue to drill the 4,500 metre long mineralised trend that we have identified so far at Lugushwa." More
- April 25, 2006 | Item | E-mail

Cumberland Resources Ltd.: Meadowbank Gold Project Permitting Update; Request from NIRB for Further Information - "CUMBERLAND RESOURCES LTD. reports that the Nunavut Impact Review Board has requested further information from the Company before it makes its recommendation to the Minister of Indian and Northern Affairs Canada regarding development of the Meadowbank gold project located 70 kilometres north of the Hamlet of Baker Lake, Nunavut." More
- April 25, 2006 | Item | E-mail

Ivanhoe Mines Closes C$189 Million Bought-Deal Financing - "The financing, including the exercise of the over-allotment option, consisted of 18,400,000 common shares issued from treasury at a price of C$10.28 per share (US$9.04 per share)." More
- April 25, 2006 | Item | E-mail

National Wildlife Federation, American Rivers and Residents Say Proposed Pebble Mine Would Devastate Waterways and Wildlife - "Threats to the world's largest salmon run, devastation of important wildlife areas and negative impact on the Alaskan subsistence lifestyle are cited as reasons why three more powerful groups have signed-on to oppose development of the Pebble Mine in Alaska's Bristol Bay Region." More
- April 25, 2006 | Item | E-mail

Haynes Capital Releases Online Video Interview with Unigold - More
- April 25, 2006 | Item | E-mail

Continental Minerals Ltd. and Great China Mining Inc.: Major New Copper-Gold Zone at Xietongmen - More
- April 25, 2006 | Item | E-mail

Band-Ore Resources Ltd.: Drill Turning on 144 Gold Project in Timmins, Ontario - More
- April 25, 2006 | Item | E-mail

Media Advisory - Kinross to hold 2005/2006 Annual and Special Meetings on May 4, 2006 - "Kinross will hold its 2005 and 2006 annual and special meetings on Thursday, May 4, 2006 at 9:00 am EST at the Royal York Hotel, 18th Floor, Upper Canada Ballroom, Toronto, Ontario. Kinross will also release its first quarter results for 2006 before market open on May 4." More
- April 25, 2006 | Item | E-mail

Amerix Precious Metals Announces Start of Drilling at Nova Brasilia - More
- April 25, 2006 | Item | E-mail

Piedmont Mining Company Closes US$905,000 Private Placement - More
- April 25, 2006 | Item | E-mail

Fieldex buys 100% strategic Blondeau Copper Nickel Property - More
- April 25, 2006 | Item | E-mail

East Asia Minerals reports more Khok Adar drill assays - More
- April 25, 2006 | Item | E-mail

HE-5 Resources, Corp. Signs Lease Agreement for Overman Property - More
- April 25, 2006 | Item | E-mail

Liberty Star Stakes 16 New Uranium Pipes - More
- April 25, 2006 | Item | E-mail

Karmin Exploration: 13 metres of 13.1% zinc and 5.4% lead from drilling at ARIPUANA zinc project, BRAZIL. Partners announce US$3 million program for 2006 - More
- April 25, 2006 | Item | E-mail

Golden China nears Completion of a 17,000 metre Resource Delineation Drill Program and Commences a Preliminary Feasibility Study at Nibao - More
- April 25, 2006 | Item | E-mail

Assays Received for Probe Mines' Winter Drilling Program in the McFauld's Lake Area, Ontario, Five New Base Metal-Bearing Zones Identified - More
- April 25, 2006 | Item | E-mail

Former Barrick Gold Senior Project Geologist Joins Paramount Gold's Management Team - More
- April 25, 2006 | Item | E-mail

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- Written by Chris Mullen

Winners & Losers tracks NYSE and AMEX listed stocks that trade over $1.

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All sources are given within the report and most articles can be found as they are released at http://www.capitalupdates.com/, http://www.goldseek.com/, http://www.silverseek.com/, and http://www.goldreview.com/.

© Gold Seeker 2006

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