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-- Posted 19 December, 2007 | | Source: SilverSeek.com
| Close | Gain/Loss | Gold | $801.10 | -$1.80 | Silver | $14.07 | +$0.04 | XAU | 161.08 | -0.60% | HUI | 379.59 | -0.66% | GDM | 1170.84 | -0.94% | JSE Gold | 2238.76 | -2.01% | USD | 77.58 | +0.14 | Euro | 143.84 | -0.25 | Yen | 88.20 | -0.04 | Oil | $91.24 | +$1.16 | 10-Year | 4.070% | -0.050 | T-Bond | 115.71875 | +0.4375 | Dow | 13207.27 | -0.19% | Nasdaq | 2601.01 | +0.19% | S&P | 145300 | -0.14% |
The Metals:  Gold dropped to $797.40 by late trade in London before it rebounded to $804.70 by late morning in New York and then dropped back under $800 by early afternoon, but it then climbed back higher into the close and ended with a loss of just 0.22%. Silver dropped to $13.91 and rose to $14.14 before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 0.29%.
Euro gold remained at about €557, platinum gained $9 to $1516 to a new record high, palladium remained unchanged at $356, and copper rose nearly 8 cents to about $2.92. Gold and silver equities traded mostly slight lower and ended with less than 1% losses. The Economy: There were no major economic reports today, but of note in the housing sector was RealtyTrac reporting that foreclosure filings fell in November from October. Filings are still up 68% compared to a year ago. Also of note were details of the fed’s auction of $20 billion in notes that drew strong demand at an interest rate of 4.65%. Tomorrow at 8:30AM EST brings the final reading for 3rd quarter GDP expected at 4.9%, the Chain Deflator expected at 0.9%, and Initial Jobless Claims for 12/15 expected at 335,000. At 10AM is the Leading Economic Indicators report for November expected at -0.3% and at noon is the Philadelphia Fed survey expected at 6.0. Today's Gold Seeker Report Is Sponsored By:
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The Markets: 
Charts Courtesy of http://finance.yahoo.com/ Oil rose after crude inventories fell a much larger than expected 7.6 million barrels, but gains were somewhat tempered by the fact that the draw was mostly due to the Houston Ship Channel being closed due to fog last week and that will likely result in a build next week as those supplies finally come through. Gasoline inventories rose 3.0 million barrels, distillates fell 2.1 million barrels, and refinery utilization fell 1.0% to 87.8%. The U.S. dollar index rose as the dollar gained markedly versus the pound after the Bank of England’s minutes from their December meeting were released and showed wide support for the move to cut interest rates and surprisingly little concern over inflation. Treasuries rose on continued concerns over the credit crisis. The Dow, Nasdaq, and S&P rose in early trade on decent earnings reports before they turned lower in late morning trade after S&P downgraded its ratings on several bond insurers, but the Nasdaq was still able to end higher and the Dow and S&P ended just slightly lower on optimism over upcoming earning reports. Among the big names making news in the market today were Mastercard, Morgan Stanley, Bear Stearns, General Mills, and TomTom. The Commentary:  “February Gold finished down 2 at 805.4, 3.7 off the high and 2.6 up from the low.
March Silver closed up 0.057 at 14.222. This was 0.072 up from the low and 0.068 off the high. The gold market mostly waffled around unchanged throughout the session Wednesday and that had to be somewhat discouraging to the bull camp, especially when one considers that platinum, silver and copper at times forged impressive upside action. In other words, the strength of the Dollar seemed to knock the gold market off the bullish tilt that was surfacing as a result of a minor improvement in macro economic sentiment. While it might be an overstatement to suggest that the macro economic view improved, it was clear that the Fed liquidity auction results at least temporarily provided some optimism and that benefited a number of physical commodity markets. With eventual strength in energy prices and the prospect of a bounce in equity prices one could suggest that a number of outside markets forces were serving to offset part of the negative drag from the Dollar action. As suggested in the gold coverage, the silver market clearly outperformed the gold market on Wednesday and that appears to be a classic case of the financial baggage in gold, off the currency markets, being seen as less important in the silver trade. However, the silver market hasn't broken off its financial market focus completely and therefore the ebb and flow of the equity market seems to remain a key focal point of the trade. Like gold, the silver market probably benefited because of the favorable liquidity auction results and certainly because of the impressive recovery bounce in the copper market.”- The Hightower Report, Futures Analysis and Forecasting GATA Posts: 
James Turk: Print, print, print China takes 10% stake in Morgan Stanley to cover junk mortgages Citing Liberty Dollar, Rep. Paul offers Free Competition in Currency Act Korelin Economic Report asks: Is gold price manipulated? Ted Butler: More CFTC speculation 'Helicopter money' is so passe; this is a fleet of C-17s The Statistics: As of close of business: 12/18/2007 Gold Warehouse Stocks: | 7,365,304 | - | Silver Warehouse Stocks: | 133,209,779 | -1,956 |
Global Gold ETF Holdings [WGC Sponsored ETF’s] 
| Product name | Total Tonnes | Total Ounces | Total Value | New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) | StreetTRACKS Gold Shares | 617.43 | 19,851,059 | US$ 15,962m | London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 97.50 | 3,134,677 | US$ 2,509m | Australian Stock Exchange (ASX) | Gold Bullion Securities | 16.38 | 526,183 | US$ 421m | Johannesburg Securities Exchange (JSE) | New Gold Debentures | 22.37 | 719,286 | US$ 578m |
Note: Change in Total Tonnes from yesterday’s data: The JSE added 0.49 tonnes. COMEX Gold Trust (IAU) Profile as of 12/18/2007 | | Total Net Assets | $1,397,097,209 | Ounces of Gold
in Trust | 1,740,187.247 | Shares Outstanding | 17,600,000 | Tonnes of Gold
in Trust | 54.13 |
Note: No change in Total Tonnes from yesterday’s data. Silver Trust (SLV) Profile as of 12/18/2007 | | Total Net Assets | $2,050,747,844 | Ounces of Silver
in Trust | 146,833,360.500 | Shares Outstanding | 14,800,000 | Tonnes of Silver
in Trust | 4,567.03 |
Note: No change in Total Tonnes from yesterday’s data. The Stocks: Fronteer’s (FRG) exploration program, Seabridge’s (SA) assay results, Newmont’s (NEM) elected chairman, Apollo’s (AGT) repaid debentures, Harmony’s (HMY) sold uranium assets, Barrick’s (ABX) acquired 94% stake in Arizona Star, Minefinders’ (MFN) closed credit facility, and Tumi’s (TUMIF.OB) commenced drilling program were among the big stories in the gold and silver mining industry making headlines today. WINNERS 1. NovaGold | NG +13.65% $6.91 | 2. ITH | THM+7.26% $1.448 | 3. Orezone | OZN +5.36% $1.18 |
LOSERS 1. Rubicon | RBY -9.02% $1.11 | 2. Gold Reserve | GRZ -3.85% $4.24 | 3. Great Basin | GBN -3.75% $2.57 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1. All of today's gold and silver stock news: UC Resources Shareholders Update - More
- December 19, 2007 | Item | E-mail
Centamin Egypt Sukari Gold Project Resource Upgrade 7.46 Moz Measured and Indicated, Plus 3.7 Moz Inferred - More
- December 19, 2007 | Item | E-mail
Kakanda Purchases Melkior Resources Inc.'s Otish Basin Uranium Interests - More
- December 19, 2007 | Item | E-mail
Clarification news release - Creston Moly Corp. - More
- December 19, 2007 | Item | E-mail
First Narrows' Director W.E.G. (Blue) Taylor Dies - More
- December 19, 2007 | Item | E-mail
New Island Reports on Annual General Meeting, Board Changes and Grant of Options - More
- December 19, 2007 | Item | E-mail
Barrick Acquires 94% of the Shares of Arizona Star Resource Corp.; Directors and Officers of Arizona Star Commence Transition - "Arizona Star Resource Corp. ("Arizona Star" or the "Company") (CDNX:AZS.V - News)(AMEX:AZS - News) announced today that Barrick Gold Corporation ("Barrick") has announced that it has acquired approximately 40.7 million shares of Arizona Star, constituting more than 94% of the common shares of Arizona Star on a fully-diluted basis, pursuant to its offer dated November 9, 2007. Arizona Star understands that Barrick intends to acquire the remaining outstanding shares by way of compulsory acquisition." More
- December 19, 2007 | Item | E-mail
American Bonanza Closes $2 Million Private Placement and Agrees to Assignment of Option Agreement for the Taurus Property - More
- December 19, 2007 | Item | E-mail
Strait Gold Announces Grant of Stock Options - More
- December 19, 2007 | Item | E-mail
Amerix Appoints Senior Mining Executive to the Board of Directors - More
- December 19, 2007 | Item | E-mail
First Uranium ups Buffelsfontein cost projections - More
- December 19, 2007 | Item | E-mail
DPM and Global Yatirim Holding A.S. Agree to Pursue Mineral Resource Opportunities in Turkey - More
- December 19, 2007 | Item | E-mail
Results Released From 2007 Drilling Program at Copper Canyon - More
- December 19, 2007 | Item | E-mail
Augusta Signs Agreement For Rosemont's Long-Lead Equipment - More
- December 19, 2007 | Item | E-mail
Fortress Financial Group, Inc. - Transaction on Remaining Gold Mining Companies - More
- December 19, 2007 | Item | E-mail
Commerce Resources Corp. Announces Significant Niobium-Tantalum-Uranium-Gold Mineralization at Eldor Carbonatite - More
- December 19, 2007 | Item | E-mail
Etruscan hits 23 meters of 10.9 grams per tonne gold at Finkolo Gold Project in Mali - More
- December 19, 2007 | Item | E-mail
Minefinders Closes $50 Million Revolving Credit Facility With Scotia Capital - "Minefinders Corporation Ltd. (the "Company") (Toronto:MFL.TO - News)(AMEX:MFN - News) has reached an agreement for a US$50 million revolving three year term credit facility provided by Scotia Capital, a subsidiary of The Bank of Nova Scotia, one of Canada's largest chartered banks." More
- December 19, 2007 | Item | E-mail
Western Warrior grants share options - More
- December 19, 2007 | Item | E-mail
Canadian Arrow Mines Ltd. - KENBRIDGE DRILLING 42.5 metres of 1.41% Ni, 0.54% Cu - More
- December 19, 2007 | Item | E-mail
Vior Completes $150,000 Private Placement With SODEMEX II - More
- December 19, 2007 | Item | E-mail
SLAM Retains AGORACOM to Provide Online IR - More
- December 19, 2007 | Item | E-mail
Hard Creek Nickel Intersects 20 Metres of 0.24% Ni and 0.60 g/t Pt Pd in New Discovery Area - More
- December 19, 2007 | Item | E-mail
Campbell Resources announces a $528,000 financing - More
- December 19, 2007 | Item | E-mail
Wallbridge Announces New Discoveries and Drill Plans at Pele Mountain's Sudbury Project - More
- December 19, 2007 | Item | E-mail
Jourdan Resources Inc.: Results of the First of Four Completed Drill Holes in the Wakeham Sedimentary Basin and Surface Sampling Results - More
- December 19, 2007 | Item | E-mail
Canadian Royalties Engages Rothschild as Financial Advisor to the Board of Directors - More
- December 19, 2007 | Item | E-mail
Wallbridge Mining Discovers Zones of Platinum Group Enrichment on the Pele Property - More
- December 19, 2007 | Item | E-mail
Dia Bras: High Grade Ore Zones Developed at the Santa Edwiges Mine of the Cusi Project - More
- December 19, 2007 | Item | E-mail
Hawthorne Gold and Cusac Gold Mines Enter Into Definitive Agreement Under Revised Terms; Hawthorne Arranges $3 Million Financing and Assumes Taurus Option - More
- December 19, 2007 | Item | E-mail
Boliden Granted Operating Permit for the Hotjarn tailings Pond - More
- December 19, 2007 | Item | E-mail
Century Mining responds to Sulliden Directors' Circular - More
- December 19, 2007 | Item | E-mail
John Sutherland to join board of directors of Atomic - More
- December 19, 2007 | Item | E-mail
Continuum Resources provides exploration summary and 2008 objectives - More
- December 19, 2007 | Item | E-mail
Jens Dag Ulltveit-Moe Acquires Control of Securities Of Crew Gold Corporation - More
- December 19, 2007 | Item | E-mail
Rockcliff Resources Inc.: Drilling Hits High Grade VMS Mineralization at Snow Lake - More
- December 19, 2007 | Item | E-mail
Redcorp Ventures Ltd.: Corporate Update - More
- December 19, 2007 | Item | E-mail
Los Andes Announces Private Placement of 1,000,000 Units - More
- December 19, 2007 | Item | E-mail
Preliminary Economic Assessment Completed for San Javier Copper Project, Mexico - More
- December 19, 2007 | Item | E-mail
Full Metal Step-Out Drilling Intersects 13.1 Meters Averaging 13.3% Zn, 9.5% Pb, 0.3% Cu and 159.2 g/t Ag at LWM, 40 Mile Project - More
- December 19, 2007 | Item | E-mail
Bannerman Resources Limited: High Court Proceedings - More
- December 19, 2007 | Item | E-mail
Bellhaven Makes Property Payment, Announces Pre-Production Work Schedule for Cerro Quema - More
- December 19, 2007 | Item | E-mail
Western Copper's Carmacks Copper Project Achieves Major Permitting Milestone - More
- December 19, 2007 | Item | E-mail
Farallon Updates Drilling at G-9 Deposit: High Zinc & Copper Grades Now Extend to the North Zone; 7 Metres of 29% Zinc & 1.5% Copper in Hole 7691 - More
- December 19, 2007 | Item | E-mail
BCM Resources: Completes Phase 3 Drill Program at Shan Molybdenum Discovery - More
- December 19, 2007 | Item | E-mail
Mainstream Minerals Corporation Announces the Closing of a Financing With the MineralFields Group - More
- December 19, 2007 | Item | E-mail
Wallbridge Announces Private Placement Financing - More
- December 19, 2007 | Item | E-mail
Golden Hope Mines Announces Results From Ascot Vein Channel Samples - More
- December 19, 2007 | Item | E-mail
Golden Phoenix Forms In-House Drilling Department; Acquires State-of-the-Art Drill Rig to Spearhead Mineral Exploration in 2008 - More
- December 19, 2007 | Item | E-mail
Grandview Prepares to Mobilize to Red Lake Gold District - More
- December 19, 2007 | Item | E-mail
First Uranium announces results of pre-feasibility study for the Buffelsfontein Tailings Recovery Project - More
- December 19, 2007 | Item | E-mail
Kalimantan Gold Corporation Limited: Oxiana Announces Withdrawal From Option Deed - More
- December 19, 2007 | Item | E-mail
BHP/Rio deal would tighten uranium market-industry - More
- December 19, 2007 | Item | E-mail
CanAm Uranium Corporate Update - More
- December 19, 2007 | Item | E-mail
JNR Announces Drilling Programs for 2008 - More
- December 19, 2007 | Item | E-mail
Fronteer Development Group Inc.: Halilaga Copper-Gold Project to Nearly Double Exploration Program for 2008 - "Fronteer Development Group Inc. ("Fronteer" or the "Company") (Toronto:FRG.TO - News)(AMEX:FRG - News) announced today that Teck Cominco Limited's Turkish subsidiary ("TCAM") has agreed to solely fund US$3 million in exploration at the Halilaga porphyry copper-gold deposit in northwestern Turkey. In turn, TCAM has been granted an extension to December 31, 2008 on its election whether to earn an additional 10% interest in the property." More
- December 19, 2007 | Item | E-mail
Tumi Resources Commences Initial Drilling Program at Sala, Sweden - "Tumi Resources Limited ("Tumi" and/or the "Company") (TSX VENTURE:TM - News; OTCBB:TUMIF - News; FRANKFURT:TUY - News). David Henstridge, President, is pleased to announce the start of a minimum 2,000m core drill program at its wholly-owned Sala property, located in the Bergslagen District, Sweden. A 2,000m contract with an option for an additional 2,000m has been signed with Swedish contractor Drill Skill AB." More
- December 19, 2007 | Item | E-mail
Uranerz Submits Uranium Mining License and Permit Applications for Nichols Ranch and Hank Projects - More
- December 19, 2007 | Item | E-mail
Second drill rig commences at the Klappibacken uranium project in Sweden - More
- December 19, 2007 | Item | E-mail
Barrick Acquires Over 94% of Arizona Star - "Barrick Gold Corporation (Toronto:ABX.TO - News)(NYSE:ABX - News) announced that it has taken up approximately 40.7 million common shares of Arizona Star Resource Corp. ("Arizona Star") which were validly deposited (and not withdrawn) to Barrick's offer to acquire all of the outstanding shares of Arizona Star (the "Offer"). These shares represent over 94% of the common shares of Arizona Star on a fully diluted basis and, accordingly, the Offer is now concluded." More
- December 19, 2007 | Item | E-mail
Seabridge's Mitchell Gold-Copper Deposit Continues to Expand - "Assay results from the final 11 drill holes confirm a significant upgrade and expansion of gold and copper resources at the Mitchell deposit. Mitchell is one of three gold-copper porphyry deposits on Seabridge's 100% owned Kerr-Sulphurets project near Stewart, British Columbia, Canada. The project is well located close to the operating Eskay Creek mine and its all-weather road to Stewart. Highway #37 also offers excellent access to several possible sites suitable for processing facilities, for which Seabridge has acquired mineral tenures." More
- December 19, 2007 | Item | E-mail
Vincent Calarco Elected Chairman of Newmont's Board of Directors, Succeeding Wayne Murdy - "Newmont Mining Corporation (NYSE: NEM - News) announced today Vincent A. Calarco was elected non-executive Chairman of the Board of Directors, effective January 1, 2008. Mr. Calarco succeeds Wayne Murdy as Chairman, who will retire from the Board at the end of the year. Mr. Calarco first joined Newmont's Board in 2000 and currently serves as Chairman of the Corporate Governance and Nominating Committee and a member of the Audit Committee." More
- December 19, 2007 | Item | E-mail
Apollo Gold Announces Repayment of Series 2004-B Secured Convertible Debentures - "Apollo Gold Corporation (“Apollo”) (TSX:APG - News) (AMEX:AGT - News) today announced that it has repaid in full US$8.73 million aggregate principal amount of 12% Series 2004-B Convertible Secured Debentures (“Debentures”) due December 16, 2007. The repayment of the Debentures was made in cash and was done in accordance with their terms." More
- December 19, 2007 | Item | E-mail
Harmony sells 60 pct uranium assets for $252 mln - "Harmony Gold (HARJ.J: Quote, Profile, Research) has sold a 60 percent stake of a new company it formed to house uranium assets for $252 million to Africa's biggest private equity fund, Pamodzi Resources Fund, Harmony said on Wednesday." More
- December 19, 2007 | Item | E-mail
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-- Posted 19 December, 2007 | |
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