Gold Seeker Closing Report: Gold and Silver Rise To New Highs Again

	Close	Gain/Loss
Gold	$901.90	+$7.00
Silver	$16.29	+$0.06
XAU	197.23	+1.90%
HUI	480.99	+1.23%
GDM	1470.27	+1.26%
JSE Gold	2770.4	+0.09%
USD	75.61	-0.40
Euro	148.73	+0.85
Yen	92.45	+0.63
Oil	$94.20	+$1.51
10-Year	3.793%	-0.017
T-Bond	118.50	+0.25
Dow	12778.15	+1.36%
Nasdaq	2478.30	+1.57%
S&P	1416.25	+1.09%

Gold fell slightly in early Asian trade, but it then took off higher in later Asian trade and rose to as high as $914.30 by early trade in London. The yellow metal then fell back off for most of trade in New York as it consolidated its overnight gains, but it still ended with a gain of 0.78% at a new record high. Silver rose to as high as $16.597 before it also fell back off a bit in New York, but it still ended with a gain of 0.37% at a new 27 year high.

Euro gold rose to about €607, platinum gained $31 to $1590 to a new record high, palladium gained $4 to $380, and copper gained a few cents to about $3.34.

Gold and silver equities rose about 3% at the open before they came off their highs a bit in afternoon trade, but they still ended with over 1% gains at new record highs.

There were no major economic reports today, but an article from the National Retail Federation predicting weak sales growth did have some talking. Tomorrow at 8:30AM EST brings the official government Retail Sales report for December expected at 0.0% with sales excluding autos expected at -0.1%. Also at 8:30 are PPI and Core PPI for December both expected at 0.2% and the NY Empire State Index for January expected at 10.0. At 10AM is the Business Inventories report for November expected at 0.4%.

Starcore International is a gold and silver producer in Mexico and a 'Tier One' company listed on the TSX-V under the symbol SAM.

The San Martin Gold mine was acquired January 2007 from Goldcorp Inc. It is located about 50 km east of the City of Querétaro in Querétaro State, a few hours drive from Mexico City. The company currently retains an 80 to 20 joint venture agreement with Goldcorp. Inc. in the development of the Cerro Dolores, El Transito Deposit 190 km south - southwest of Mexico City. The El Transito Deposit is a silver-lead-zinc replacement orebody defined by over $US 2 million in development expenditures

Oil rose in technical trade as a winter storm started to hit the Northeast US and geopolitical tensions were raised in Nigeria and Iran.

The U.S. dollar index fell on the outlook for more interest rate cuts by the fed.

Treasuries were mixed as traders awaited tomorrow’s economic data, but they did end slightly higher on worries over writedowns in earnings reports to be revealed over the next few weeks.

The Dow, Nasdaq, and S&P rose on strong results from IBM that raised hopes for better than expected earnings from other technology companies.

Among the big names making news in the market today were Citigroup, L.G. Philips, IBM, Sears, and Ford and Chrysler.

“February Gold finished up 5.7 at 903.4, 8.6 off the high and 0.3 up from the low.

March Silver closed up 0.055 at 16.425. This was 0.065 up from the low and 0.245 off the high.

After managing a very impressive pulse up in the morning trade, April gold seemed to prefer settling back toward the middle of the Monday trading range. With a very long list of physical commodities posting aggressive gains on Monday, the oil market higher and even equity prices firmer, sentiment in the gold market seemed to be more interested in the prospect of inflation instead of the prospect of recession. Given the upcoming flow of US monthly inflation readings and critical US retail sales and Housing starts data in the coming sessions the debate between inflation and recession looks to remain in place. With gold managing to carve out a gain in the face of equity market gains today, one could suggest that gold has recently been able to forge gains regardless of the action in the US equity market. With the US Dollar forging a big gap down failure on the charts and at one point reaching the lowest level since November 29th, the gold market was probably also the benefactor of currency related buying.

After a rather impressive early run up, March silver prices seemed to lose some momentum and fell back toward the prior session's highs. With the stock market showing strength during the silver trade and a host of physical commodity markets also posting stellar gains the anticipation of inflation seemed to be behind part of the ongoing buying interest in silver. With oil prices sharply higher and the Dollar weaker it would also seem like silver was also the benefactor of classic flight to quality interest.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: 1.23 tonnes were added to the trust.

AngloGold’s (AU) acquisition of Golden Cycle (GCGC), Eldorado’s (EGO) year end update, Yamana’s (AUY) operating outlook, SNS Silver’s (SNS.V) drill results, First Majestic’s (FR.V) TSX listing, and Silver Dragon’s (SDRG.OB) exploration results 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.

HudBay NI 43-101 Mineral Resource Estimates for Bur and Watts River Deposits - More
- January 14, 2008 | Item | E-mail

Geodex reports acquisition of three new claim blocks near the Sisson Brook Tungsten-Molybdenum-Copper Deposit, New Brunswick - More
- January 14, 2008 | Item | E-mail

Hard Creek Drilling Expands on Platinum & Palladium Discoveries - More
- January 14, 2008 | Item | E-mail

Firesteel Exhibitor at Vancouver Resource Investment Conference - More
- January 14, 2008 | Item | E-mail

Miners call nationwide strike over Cananea - "Mexico's mining union called on Monday for a nationwide industry walkout on Jan. 16 to back workers striking for more than five months at Grupo Mexico's huge Cananea copper pit." More
- January 14, 2008 | Item | E-mail

Novawest's Pro Minerals' final Prospectus approved - More
- January 14, 2008 | Item | E-mail

Inter-Rock Nevada Mineral Properties Update - More
- January 14, 2008 | Item | E-mail

Sparton Closes Private Placement Financing - More
- January 14, 2008 | Item | E-mail

Nord Resources Corporation Announces the Appointment of Wayne Morrison as Vice President and Chief Financial Officer - More
- January 14, 2008 | Item | E-mail

Cameco Provides Dates for Q4 Results and Conference Call - More
- January 14, 2008 | Item | E-mail

Sirios Resources Inc.: Drilling Program Completed on Cheechoo Gold Project, James Bay, Quebec - More
- January 14, 2008 | Item | E-mail

Los Andes Announces Completion of $500,000 Private Placement - More
- January 14, 2008 | Item | E-mail

B2Gold Corporate Update, 2008 Exploration Programs and "Blue Sky" Listing - More
- January 14, 2008 | Item | E-mail

Golden Valley Mines Ltd.: Exploration Update 2007/2008 Abitibi Grassroots Drill Program, Quebec and Ontario Cheechoo Gold Project, Quebec - More
- January 14, 2008 | Item | E-mail

Lydian-Newmont Intersect Gold System at Amulsar - More
- January 14, 2008 | Item | E-mail

Baja Mining Orders Long Lead Items - More
- January 14, 2008 | Item | E-mail

Vangold Acquires 50% Interest in Additional Petroleum Property in Armenia - More
- January 14, 2008 | Item | E-mail

Eldorado Gold Corporation: Year End Update - "Despite the disappointment associated with the temporary cessation of production activities at Kisladag, we are very pleased and proud of the operating teams at the mines. Both Kisladag and Tanjianshan have established their ability to produce at rates consistent with expectations. We look forward to a timely and positive resolution of the Kisladag court case and a resumption of Eldorado's growth." More
- January 14, 2008 | Item | E-mail

Yamana shares hit record after higher output estimate - "Yamana Gold Inc (YRI.TO: Quote, Profile, Research), which spent $4.5 billion last year to turn itself into a top mid-tier gold producer, sees higher production than previously expected through 2009, and will focus its efforts on internal growth rather than acquisitions, it said on Monday." More
- January 14, 2008 | Item | E-mail

ConverDyn uranium JV to nearly double output by 2020 - More
- January 14, 2008 | Item | E-mail

Network Exploration to exhibit at Vancouver Resource Investment Conference - More
- January 14, 2008 | Item | E-mail

Zaruma Resources: Drill Results Expand Copper Mineralization at Luz del Cobre - More
- January 14, 2008 | Item | E-mail

Forsys Reports Drilling Results and Resumes Drilling at Valencia - More
- January 14, 2008 | Item | E-mail

GBS Gold Files Technical Report on Tom's Gully Resource - More
- January 14, 2008 | Item | E-mail

Chariot Announces Drill Cu Sulphide Intercepts as High as 6.61% Cu Over 10 Metres and Cu Oxide Intercepts as High as 6.36% Cu Over 6 Metres - More
- January 14, 2008 | Item | E-mail

Kodiak Drills 2.9 m Grading 203 gpt (5.92 opt) Gold/Expands Magnitude of Golden Mile Discovery - More
- January 14, 2008 | Item | E-mail

Creston Moly Corp.: Initial Infill Drilling at El Creston Encounters Thick, High Grade Intervals of Molybdenite Mineralization - More
- January 14, 2008 | Item | E-mail

Avalon Announces Annual General Meeting - More
- January 14, 2008 | Item | E-mail

Strathmore Amends Pine-Tree Reno Creek, Wyoming Joint Venture - More
- January 14, 2008 | Item | E-mail

Hawk Announces That Geotech to Fly Helicopter-Borne VTEM Survey Over Its Charlebois Lake Uranium Project, Northern Saskatchewan - More
- January 14, 2008 | Item | E-mail

Initial infill drillling at El Creston encounters thick, high grade intervals of molybdenite mineralization, including 245.3 metres of 0.14% Mo in hole EC07-007 - More
- January 14, 2008 | Item | E-mail

Klondex to Highlight New Gold Intercepts from its Nevada Exploration Program January 20-21 in Vancouver - booth #815 - More
- January 14, 2008 | Item | E-mail

Eaglecrest Encounters Further High-Grade Gold in the New L484 Gold Shoot at San Simon - More
- January 14, 2008 | Item | E-mail

Newcastle announces drill hole assay results for newly-defined Snip North gold-copper porphyry deposit - More
- January 14, 2008 | Item | E-mail

StrataGold intersects 1.86 G/T gold over 18.9 metres at Monosse, Guyana - More
- January 14, 2008 | Item | E-mail

Merrex Concludes 2007 Siribaya Drilling with Intersection of 2.37 g/t Au over 14 Metres - More
- January 14, 2008 | Item | E-mail

ABV Gold Mandates BK-Arbadia LLC to Appraise Russian Mine Value and Economic Viability - More
- January 14, 2008 | Item | E-mail

Northland Cuts 43% Iron Over 53m at Salmivaara, Sweden - More
- January 14, 2008 | Item | E-mail

Franconia Minerals Reports "No Change in Water Quality" From Birch Lake Copper-Nickel-Pgm Project Drilling - More
- January 14, 2008 | Item | E-mail

Canadian Arrow Mines receives positive assessment study for Kenbridge Nickel Project - More
- January 14, 2008 | Item | E-mail

Powertech Announces Changes to Board of Directors - More
- January 14, 2008 | Item | E-mail

Laurion Mineral Exploration Inc. Commences Phase Four Exploration Program on Ni-Cu-PGE Targets, ZED'or and Santrap Grids, Enid-Massey Project, Timmins, Ontario - More
- January 14, 2008 | Item | E-mail

Geocom Announces Private Placement With Humboldt Capital Corp. - More
- January 14, 2008 | Item | E-mail

Armistice Resources comments on Toronto Star article - More
- January 14, 2008 | Item | E-mail

G & S Minerals, Inc. Engage the Mexican Law Firm of González Calvillo to Form a Wholly Owned Acquisition Subsidiary for Future Acquisition of a Mexican Property - More
- January 14, 2008 | Item | E-mail

Nevada Copper-High Grade Copper Intercepts Further Expand Resources - More
- January 14, 2008 | Item | E-mail

Yukon-Nevada Gold Corp. reports more important results at SSX Mine, Jerritt Canyon - More
- January 14, 2008 | Item | E-mail

General Metals: Phase 1 Drilling Program Identifies Significant New Mineralized Material, Expanding Estimates for Independence Shallow Target - More
- January 14, 2008 | Item | E-mail

Goldmember Minerals Inc. announces commencement of Phase I field work - More
- January 14, 2008 | Item | E-mail

Fischer-Watt Extends Warrant Expiry Date - More
- January 14, 2008 | Item | E-mail

Sunridge Gold Discovers Two New Extensions to the Emba Derho Deposit - More
- January 14, 2008 | Item | E-mail

Aquila Discovers New Extensions of East Zone and 90 Gold Zones - More
- January 14, 2008 | Item | E-mail

Sherwood Intersects High Grade Copper-Gold Mineralization at Area 118 and Copper Keel, Minto Mine - More
- January 14, 2008 | Item | E-mail

Lake Shore Appoints Corporate Secretary and General Counsel and Manager, Timmins Operations; Finalizes Head Office Move From Vancouver to Toronto - More
- January 14, 2008 | Item | E-mail

Probe Mines Identifies Significant Ni-Cu-Ag-Co Soil Geochemical Anomalies on McFauld's West Project, James Bay Lowlands, Ontario - More
- January 14, 2008 | Item | E-mail

Gold Resource Corporation Drills 1M of 27.70 G/T Gold and 1235 G/T Silver Within 3M of 21.99 G/T (0.71 Oz/Tonne) Gold Equivalent at La Arista - More
- January 14, 2008 | Item | E-mail

Exploration drilling on Workman's Bench at Nolan Creek reveals gold grades up to 0.55 toz/ton and 34.51% antimony - More
- January 14, 2008 | Item | E-mail

Golden Phoenix Stakes 210 Additional Mining Claims Near the Ashdown Molybdenum Mine - More
- January 14, 2008 | Item | E-mail

War Eagle Mining Company Inc.: Consulting Agreement - More
- January 14, 2008 | Item | E-mail

Petaquilla Copper Ltd. Closes Third Tranche of Private Placement Financing - More
- January 14, 2008 | Item | E-mail

Anglo Swiss Resources Closes $4.3 Million Private Placement - More
- January 14, 2008 | Item | E-mail

Constellation Copper reports delayed third quarter 2007 financial results - More
- January 14, 2008 | Item | E-mail

Frontier Pacific Completes its Earn-In to Solex's Macusani Uranium Project; Proposes 2008 Exploration Budget - More
- January 14, 2008 | Item | E-mail

American Uranium Amends Pinetree-Reno Creek JV Agreement - More
- January 14, 2008 | Item | E-mail

Aldershot Resources Ltd.: Breakthrough at Turee Creek Uranium Project - More
- January 14, 2008 | Item | E-mail

Bluerock Resources Updates Progress on the Development of the J-Bird Uranium Mine, Montrose County, Colorado, USA - More
- January 14, 2008 | Item | E-mail

Paladin Energy Ltd. Achieves Six-Month Production Forecast at Langer Heinrich Uranium Project - More
- January 14, 2008 | Item | E-mail

Blue Sky to Earn 75% Interest in New Uranium Discovery in Argentina - More
- January 14, 2008 | Item | E-mail

SNS Silver Drills 562 g/t (16.4 opt) Over 2.18 Metres - "SNS Silver Corp. ("SNS") (CDNX:SNS.V - News) announces results from recent diamond drill hole SNS-604, intercepted a core length of 7.15 feet (2.18 metres) with an average grade of 16.39 oz/t (562 g/t) of silver. Approximately 187 feet (57 metres) west of SNS-604, drill hole SNS-603 intercepted 6.61 feet (2.01 metres) with an average grade of 9.43 oz/t (323 g/t) of silver." More
- January 14, 2008 | Item | E-mail

First Majestic Silver Corp.: Toronto Stock Exchange Listing - "FIRST MAJESTIC SILVER CORP. ("First Majestic" or the "Company") (CDNX:FR.V - News)(Other OTC:FRMSF.PK - News)(Frankfurt:FMV.F - News) is pleased to announce that its common shares and warrants have been approved for listing on the Toronto Stock Exchange (TSX) under the symbol "FR" and "FR.WT". The Company's shares and warrants will commence trading on the Toronto Stock Exchange and be de-listed from the TSX Venture Exchange at the opening of trading on Tuesday, January 15, 2008." More
- January 14, 2008 | Item | E-mail

Silver Dragon Discovers Significant Silver-Lead-Zinc Surface Mineralization At Dadi Project, Northern China - "Silver Dragon Resources Inc. (OTC BB:SDRG.OB - News) is pleased to announce the discovery of two mineralization areas on its Dadi Property, approximately 300 metres apart from each other, each hosting multiple parallel silver-lead-zinc mineralization zones. Ground prospecting, mapping, geochemical and geophysical surveys have outlined two significant exploration targets. Field crews have identified two separate areas of mineralization." More
- January 14, 2008 | Item | E-mail

Golden Cycle Gold Announces Acquisition by AngloGold Ashanti - "Golden Cycle Gold Corporation (NYSE: GCGC - News; "Golden Cycle") is pleased to announce that it has entered into an agreement ("Agreement") to be acquired by AngloGold Ashanti Limited ("AngloGold Ashanti") through a merger transaction in which Golden Cycle's shareholders will receive consideration consisting of AngloGold Ashanti ADSs, which, as of a recent date, represented aggregate consideration of approximately US$149 million (the "Transaction")." More
- January 14, 2008 | Item | E-mail

Yamana Provides 2008 and 2009 Operating Outlook; Q4 2007 Operational Highlights - "Gold production is expected to total up to 1.3 million gold equivalent ounces (GEO) in 2008 increasing to 1.6 million gold equivalent ounces in 2009 from mines currently in production and mines under construction. Estimated gold and copper production for 2008 and 2009 is detailed below. Silver production of approximately 10 million ounces for 2008 and 2009 is treated as a gold equivalent." More
- January 14, 2008 | Item | E-mail

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