Gold Seeker Closing Report: Gold and Silver Gain Over 1%

	Close	Gain/Loss
Gold	$801.10	+$12.90
Silver	$14.27	+$0.20
XAU	170.59	-0.59%
HUI	405.86	-1.00%
GDM	1254.75	-1.20%
JSE Gold	2580.68	+0.20%
USD	75.68	-0.27
Euro	147.59	+0.89
Yen	90.98	+0.37
Oil	$88.32	-$0.99
10-Year	3.889%	-0.006
T-Bond	118.00	UNCH
Dow	13248.73	-0.49%
Nasdaq	2619.83	-0.66%
S&P	1462.79	-0.65%

Gold fell to as low as $786.38 by late trade in Asia before it rallied back higher in London and rose to as high as $800.20 by midmorning in New York. The yellow metal next dropped back down to $795.69, but it then rallied back higher in afternoon trade and made a new session high at $805.40 ahead of a $4.30 dollar retrace into the close that left it with a gain of 1.64%. Silver dropped to $13.98 by late trade in Asia before it also meandered its way higher for most of the rest of trade and ended with a gain of 1.42%.

Euro gold rose to about €543, platinum gained $11 to $1466, palladium gained $1 to $346, and copper fell roughly 5 cents to about $3.00.

Gold and silver equities fell roughly 1% by late morning and remained near their lows into the close.

There were no major economic reports today. Tomorrow at brings 8:30AM EST brings the ADP jobs report and 3^rd quarter Productivity expected at 5.8%. At 10AM are Factory Orders for October expected at 0.0% and ISM Services for November expected at 55.0.

Oil fell as expectations tuned back to the view that OPEC will formally increase output at their meeting tomorrow. Traders were also preparing for tomorrow’s inventory reports that are expected to show declines.

The U.S. dollar index fell overall despite a noticeable US Dollar rise against the Canadian Dollar as the Bank of Canada surprisingly cut interest rates for the first time in over three years on easing concerns about the pace of inflation.

Treasuries remained near unchanged in lackluster trade as there were no major economic reports or fed speakers making news today.

The Dow, Nasdaq, and S&P traded mostly slightly lower and ended near their session lows on worries about the economy and what action the fed may take at their next meeting on December 11^th.

Among the big names making news in the market today were Dow Chemical, Florida’s pension fund, Merck, H&R Block, Goldman, Lehman, Merrill, JPMorgan, and AutoZone.

“February Gold finished up 12.9 at 807.6, 3.6 off the high and 6.8 up from the low.

March Silver closed up 0.255 at 14.465. This was 0.085 up from the low and 0.095 off the high.

CBOT gold jumped more than $15 on Tuesday as the one-day South Africa miners strike along with a weaker dollar against the euro supported increased speculative buying and some short-covering. Weakness in the energy markets and weakness in the stock market left traders with a lack of alternative investments and this attracted a flow of funds to precious metals as well. Higher gold in the face of weaker energy markets and US economic concerns suggests that the link to these recent correlated markets may be weakening. Perhaps the stock weakness which was led by banking and financial stocks has made investors more inclined to hold metals for the time being. In addition, low yields for government bonds have added to the bullish tone.

March silver closed sharply higher on the session following the gold market higher as precious metals were seen as a hot spot for international investors. Weakness in the US dollar, the US stock market and low yields for the US bond market left commodity markets and precious metals attracting investment funds. The South Africa miner's 1-day strike and some signs of strength for the China economy were also seen as a bullish force. A slowdown in deliveries in the past few days added to the positive tone.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The JSE added 1.10 tonnes.

The one-day national strike in South Africa, Rob McEwen’s increased ownership in US Gold (UXG), Paramount’s (PXG) identified targets, Freeport’s (FCX) increase in dividend and share purchase program, Yamana’s (AUY) exploration, Minco Silver’s (MSV.TO) hydrogeological review report, Oro Silver’s (OSR.V) commenced drilling, and Silvercorp’s (SVM.TO) acquired mine were among the big stories in the gold and silver mining industry making headlines today.

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

Rob McEwen Increases Ownership in US Gold to 21.5% - "US Gold Corporation (Toronto:UXG.TO - News)(AMEX:UXG - News)(Frankfurt:US8.F - News) is pleased to announce that Rob McEwen, Chairman and CEO, has increased his beneficial ownership in the Company to 21.5% (20,687,427 shares) from 19.8% (18,635,348 shares) through the exercise of Warrants of US Gold Canadian Acquisition Corporation. This additional investment in US Gold totals $3,903,107." More
- December 04, 2007 | Item | E-mail

Paramount Gold and Silver Identify Gold-Silver and Porphyry Copper Targets on its 86,300-Hectare Andrea Concession - "Paramount Gold Mining Corp. (Toronto:PZG.TO - News)(AMEX:PZG - News)(Frankfurt:P6G.F - News)(WKN: A0HGKQ) is pleased to announce that it has identified several encouraging targets during field follow-up of its detailed stream sediment sampling and imagery analysis programs on its wholly owned Andrea Concession. The 86,300 hectare Andrea concession covers most of the ground between Paramount's San Miguel Project and GoldCorp's El Sauzal gold mine in the Sierra Madre gold-silver belt." More
- December 04, 2007 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Announces Plans to Restart Climax Molybdenum Mine - More
- December 04, 2007 | Item | E-mail

Mokambo mine announces initial assay results - More
- December 04, 2007 | Item | E-mail

Molycor Gold Corp. Closes Financing With the Mineralfields Group - More
- December 04, 2007 | Item | E-mail

Andover Discovers New Hot Zone and Extends SUN Deposit 300 Meters to North in Third Round of 2007 Drill Results - More
- December 04, 2007 | Item | E-mail

Azimut summarizes 2007 progress and growth prospective - More
- December 04, 2007 | Item | E-mail

Nirek Extends Warrant Backed Gold Bullion Bar - More
- December 04, 2007 | Item | E-mail

Mexivada acquires Goldstorm Midas-style gold-silver property, Nevada - More
- December 04, 2007 | Item | E-mail

Pershimco Resources Inc.: Mexican Projects Update - More
- December 04, 2007 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Announces Increase in Common Stock Dividend to $1.75 per Share and New Share Purchase Program - "Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) announced today that its Board of Directors has authorized an increase in its annual common stock dividend from $1.25 per share to $1.75 per share. The dividend will be payable quarterly ($0.4375 per share) beginning with the February 2008 dividend payment." More
- December 04, 2007 | Item | E-mail

Castle Gold Records Third Quarter Results; Q3 Cash Margin on Ounces Sold Rises to $522 Per Ounce - More
- December 04, 2007 | Item | E-mail

Titan 24 Deep Earth Imaging identifies large target areas - More
- December 04, 2007 | Item | E-mail

Canada gold miner takes aim in Chile desert - "Yamana Gold (YRI.TO: Quote, Profile, Research), a mid-tier Toronto miner, says it has at least four reasons to believe it can more than double output between now and 2012: El Penon, Chapada, Gualcamayo and Mercedes." More
- December 04, 2007 | Item | E-mail

Duluth Metals announces new drill results expanding the Nokomis Deposit - More
- December 04, 2007 | Item | E-mail

Canada: AREVA And Its Partners Launch Midwest Project - More
- December 04, 2007 | Item | E-mail

Sunridge Gold Announces Indicated Resource Estimate for Emba Derho VMS Deposit - More
- December 04, 2007 | Item | E-mail

Minco Silver Receives Positive Hydrogeology Report on the Fuwan Project From SRK Consulting - "Minco Silver Corporation (the "Company" or "Minco Silver") (Toronto:MSV.TO - News) is pleased to announce receipt of a hydrogeological review report on its Fuwan Project, located in Guangdong Province, China, completed by independent engineering firm SRK Consulting (Canada) Inc." More
- December 04, 2007 | Item | E-mail

HuntMountain's Argentine Exploration Now in Full Swing - More
- December 04, 2007 | Item | E-mail

International Ranger Corp. Reports on Work Conducted by the Alberta Geological Survey on Its Whiskey Gap Project - More
- December 04, 2007 | Item | E-mail

Significant results in Algeria for Cancor Mines - More
- December 04, 2007 | Item | E-mail

EURO Ressources S.A. Use of Rights Issue Proceeds - More
- December 04, 2007 | Item | E-mail

Cameco says Cigar Lake not threatened by costs - More
- December 04, 2007 | Item | E-mail

Fortune Minerals commences NICO Pilot Plant - More
- December 04, 2007 | Item | E-mail

Cypress Development Corp.: Additional $705,000 Raised Through the Exercise of Warrants - More
- December 04, 2007 | Item | E-mail

Advanced Explorations Inc. Announces Management Changes - More
- December 04, 2007 | Item | E-mail

Explor Starts Launay Nickel Exploration Program - More
- December 04, 2007 | Item | E-mail

Atlas Mining Company Announces Management Changes - More
- December 04, 2007 | Item | E-mail

Birim Goldfields Inc.: Warrant Extension - More
- December 04, 2007 | Item | E-mail

La Mancha Completes Frog's Leg Feasibility Study - More
- December 04, 2007 | Item | E-mail

Birim to Commence 5,000 Meter Drill Program on the Tinga Property - More
- December 04, 2007 | Item | E-mail

G & S Minerals, Inc Announces Entry into Private Equity Credit Agreement - More
- December 04, 2007 | Item | E-mail

Marifil Mines Ltd.: San Roque Drill Intercepts 11.7 Meters (m) at 174.4 Grams Per Ton (g/t)Indium; 3.0 m at 208 g/t Indium; and 1.0 m at Greater Than 1,500 g/t - More
- December 04, 2007 | Item | E-mail

Galantas Reports Tripling of License Area - More
- December 04, 2007 | Item | E-mail

Silver Falcon Mining, Inc. (SFMI): Sampling Effort Yields Surprising Result - More
- December 04, 2007 | Item | E-mail

Everton & GlobeStar Trench up to 22m Grading 1.07 g/t Au on the Cuance Concession, Dominican Republic: Drilling has Commenced - More
- December 04, 2007 | Item | E-mail

Golden Eagle Holds Successful Public Hearing as Final Step Toward Mill Installation at Its C Zone Gold Project - More
- December 04, 2007 | Item | E-mail

International Gold Resources, Inc. Retains Sierra Partners LLC as its Financial Advisor - More
- December 04, 2007 | Item | E-mail

Merrex Reports Extremely High Geochemical Assays at Siribaya Gold Project - More
- December 04, 2007 | Item | E-mail

Caledonia Mining Appoints New Nominated Adviser - More
- December 04, 2007 | Item | E-mail

Gabriel Announces Plans to Scale Back Activities at Rosia Montana - More
- December 04, 2007 | Item | E-mail

Progress report on the Creston Molybdenum project Sonora, Mexico - More
- December 04, 2007 | Item | E-mail

Sable Resources intersects 1.19 oz per ton gold and 8.24 oz per ton silver over 4 meters width in the Creek zone drift at the Shasta Mine. - More
- December 04, 2007 | Item | E-mail

Andina Announces Appointment of Vice-President, Investor Relations - More
- December 04, 2007 | Item | E-mail

Selwyn Resources Updates Engineering and Environmental Activities - More
- December 04, 2007 | Item | E-mail

Carlisle optimistic about resource estimate - More
- December 04, 2007 | Item | E-mail

Aldridge Minerals reports on drilling progress at Yenipazar deposit - More
- December 04, 2007 | Item | E-mail

Romarco's Haile Begins Drilling - More
- December 04, 2007 | Item | E-mail

UEX/AREVA Report Additional High-Grade Basement-Hosted Mineralization in the Prospective Corridor Between the Kianna and Anne Deposits - More
- December 04, 2007 | Item | E-mail

Bolivar Mining Corp Announces the Addition of Business Development and Communications Officer - More
- December 04, 2007 | Item | E-mail

Alexis Pours Six Gold Dore Bars in Ongoing Custom Milling Campaign on Lac Herbin - More
- December 04, 2007 | Item | E-mail

Purepoint Uranium Group Inc.: Discovers Wide Radioactive Structure at Red Willow - More
- December 04, 2007 | Item | E-mail

Update on Mega's Australian Uranium Exploration Programmes - More
- December 04, 2007 | Item | E-mail

West Timmins and Trelawney Expand La Bufa Copper-Gold-Silver Project - More
- December 04, 2007 | Item | E-mail

Kakanda Purchases Otish-Tichegami and Matoush-North Uranium Properties in the Otish Basin - More
- December 04, 2007 | Item | E-mail

MAX acquires Gold/Silver Property in Manhattan Mining District, Nye County, Nevada; Drill Permitting underway on Ravin Molybdenum project - More
- December 04, 2007 | Item | E-mail

Amador Starts Drilling New Gold Zones - More
- December 04, 2007 | Item | E-mail

Deep Drilling Commences on Abitibi East Property - More
- December 04, 2007 | Item | E-mail

Oro Silver Initiates Drilling at El Compas Mine - "Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR - News) has commenced a 5,000-meter diamond drilling program at the company's El Compas property, located in Zacatecas, Mexico. The drilling program follows extensive sampling recently completed by Oro Silver, as well as compilation and re-interpretation of historic drilling information." More
- December 04, 2007 | Item | E-mail

Mexoro Minerals Extends Drilling Program - More
- December 04, 2007 | Item | E-mail

Utah Uranium Acquires Additional Uranium Mines - More
- December 04, 2007 | Item | E-mail

RAYTEC Options 10 Uranium Properties - More
- December 04, 2007 | Item | E-mail

Los Chorros Gold Mine Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations, Inc. - More
- December 04, 2007 | Item | E-mail

Silvercorp Acquires TLP Silver-Lead Mine Near the Ying Silver Project, Henan Province, China - "Silvercorp Metals Inc. ("Silvercorp") (Toronto:SVM.TO - News) is pleased to announce that its 77.5% owned joint venture company, Henan Found Mining Co. Ltd. ("Henan Found"), has successfully concluded a contract to acquire 100% of the TLP Silver-Lead Mine ("TLP Mine") by paying $11 million plus assuming debts, obligations and winding down of certain leasing agreements for approximately an additional $9 million. The acquisition will be funded by Henan Found's cash on hand." More
- December 04, 2007 | Item | E-mail

SAfrica miners union strike takes off, cuts output - "South Africa's biggest miners' union launched a one-day national strike on Tuesday to protest against deaths in the country's mines, disrupting operations across the world's top producer of platinum and gold.

Almost a quarter of a million union members were set to down tools in the first industry-wide strike on safety, as the death toll in some of the world's deepest mines mounted to around 200 from 199 last year and 202 in 2005, mostly due to rockfalls and explosions." More
- December 04, 2007 | Item | E-mail

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