Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged Before Fed Day

	Close	Gain/Loss
Gold	$924.80	-$2.10
Silver	$16.74	+$0.06
XAU	187.35	-0.59%
HUI	465.81	-0.45%
GDM	1402.32	-0.89%
JSE Gold	2433.08	+37.83%
USD	75.55	-0.04
Euro	147.76	-0.03
Yen	93.46	-0.07
Oil	$91.64	+$0.65
10-Year	3.658%	+0.072
T-Bond	119.3125	-0.65625
Dow	12480.30	+0.78%
Nasdaq	2358.06	+0.35%
S&P	1362.30	+0.62%

Gold fell to $920.80 by late trade in Asia before it rallied to a new record intraday high at $933.25 in London and then fell to a new session low of $919.75 by about 10AM EST in New York, but it then rallied back to $928.19 ahead of a slight dip in the last hour and a half of trade that left it with a loss of 0.23%.

Silver fell to $16.50 by late trade in Asia before it rallied to a new 27 year intraday high at $16.81 in London and then fell to a new session low of $16.48 by about 10AM EST in New York, but it then rallied back to $16.75 ahead of a slight dip in the last hour and a half of trade that left it with a gain of 0.36% at new 27 year closing high.

Euro gold fell to about €626, platinum lost $15 to $1706, palladium gained $5 to $390, and copper gained nearly 7 cents to about $3.29.

Gold and silver equities traded on either side of unchanged in morning trade, but they then fell off slightly in afternoon trade and ended with nearly 1% losses.

Report	For	Reading	Expected	Previous
Durable Orders	Dec	5.2%	1.5%	0.5%
Consumer Confidence	Jan	87.9	87.0	90.6

Tomorrow at 8:30 AM EST brings the advanced reading for 4^th quarter GDP expected at 1.2% and the Chain Deflator expected at 2.6%. At 2:15PM is the FOMC Policy Statement that most expect will bring a cut of 50 basis points, but some are calling for an interest rate cut of just 0.25%.

Oil climbed above $91 in late trade ahead of tomorrow’s inventory reports on optimism that fed rate cuts and a stimulus plan from congress will help strengthen demand.

The U.S. dollar index remained near unchanged and treasuries fell as Durable Orders came in much better than expected and led some bond vigilantes to speculate that the fed may cut rates by only 25 basis points instead of the widely expected cut of 50 basis points.

The Dow, Nasdaq, and S&P traded mostly higher on optimism over tomorrow’s fed meeting.

Among the big names making news in the market today were Northwest, JetBlue, AirTran, 3M, Countrywide Financial, Travelers, American Express, Lilly, Dow Chemical, Boeing, and Liberty Media.

“February Gold finished down 2 at 925.1, 2 off the high and 4.1 up from the low.

March Silver closed up 0.05 at 16.8. This was 0.22 up from the low and 0.02 off the high.

The gold market started out on a positive note but was unable to hold the gains in the face of an apparent improvement in the US macro economic outlook. Surprisingly general weakness in the US Dollar failed to provide much support to gold prices but it is possible that positive action in the US equity market was also seen as a negative development for gold prices. Certainly some longs were concerned that power outages in South Africa might be repaired, but others simply suggested that some of the anxiety or flight to quality associated with gold was reduced in the wake of decent US durable goods orders. Surprisingly European gold managed a positive trading session with the weakness apparently settling into the later portion of the US trade.

Silver seemed to outperform the gold market for most of the trading session Tuesday. In fact, the silver market seemed to be lifted by the favorable US numbers and the up beat action in the US stock market whereas gold was seemingly undermined by that outside market action. With copper prices at times posting very impressive gains it is possible that the industrial metals spillover was indeed serving to lift silver prices. Certainly seeing favorable durable goods orders and seeing the US stock market perceive an improvement in the US economy gave some traders a most optimistic silver demand expectation.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The JSE added 0.37 tonnes.

South Africa’s power crisis that is still impacting at least partial power consumption at many mines including those owned by Gold Fields (GFI) and AngloGold (AU), ITH’s (THM) exploration program, Goldcorp’s (GG) possible sale of its stake in Silver Wheaton (SLW), and ECU’s (ECU.TO) conference call 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.

Mill City Gold Corp. - Grant of Incentive Stock Options and Amendment to Stock Option Plan - More
- January 29, 2008 | Item | E-mail

International Kirkland Minerals Demobilizes From Rupert River Until Summer 2008 - More
- January 29, 2008 | Item | E-mail

2007 Drill Program at Feni Islands Completed - More
- January 29, 2008 | Item | E-mail

Int'l Wayside Gold Mines Corporate Update - More
- January 29, 2008 | Item | E-mail

Golden Goose hits 18.5 metres of 1.22% nickel at its Lac Levac property - More
- January 29, 2008 | Item | E-mail

Rocmec to Offer its Thermal Fragmentation Technology Services to the Mining Community to Extract Narrow Vein Ore - More
- January 29, 2008 | Item | E-mail

Consolidated Abaddon Resources Inc.: Joint Venture Announced With Utah Uranium Corp. on Wild Claims, Drilling to Commence Shortly - More
- January 29, 2008 | Item | E-mail

Strait Gold Reports Final Results From 2007 Exploration Program - More
- January 29, 2008 | Item | E-mail

Global Hunter Announces Drill Results Including 18 Metres of 2.96 Percent Copper - More
- January 29, 2008 | Item | E-mail

Kinbauri Intersects 22.4g Au/t and 0.6% Cu Over 7.4m at El Valle, NW Spain - More
- January 29, 2008 | Item | E-mail

Canadian Shield Intersects a Total of 42 Metres Grading 104.9 g/t Silver and 1.06 g/t Gold at La Estrella - More
- January 29, 2008 | Item | E-mail

Romios Exercises Option to Hold 75% Interest in Newmont Lake Property - More
- January 29, 2008 | Item | E-mail

First Narrows' Latest Results Continue to Confirm High Grade Zones of the Chester Feeder Deposit Extend Down Dip to the West - More
- January 29, 2008 | Item | E-mail

Inspiration Mining Corporation: Jasper Property Spin-Off Update - More
- January 29, 2008 | Item | E-mail

Sparton Signs Three Key Agreements for Uranium and Germanium Production in China - More
- January 29, 2008 | Item | E-mail

United Reef Announces Termination of Option on Nickel Offsets Property - More
- January 29, 2008 | Item | E-mail

Unico, Inc. Announces Approval of Proposal at Special Meeting of Shareholders - More
- January 29, 2008 | Item | E-mail

Goldcorp seen eager to sell Silver Wheaton stake - "Goldcorp Inc. (G.TO: Quote, Profile, Research) may be on the verge of selling its 49 percent stake in Silver Wheaton Corp (SLW.TO: Quote, Profile, Research), the Financial Post newspaper said on Tuesday, while analysts agreed the timing is right for a sale." More
- January 29, 2008 | Item | E-mail

Millstream Extends Favourable Mineralized Horizon Approximately 500 Metres East of the Mine Shaft - More
- January 29, 2008 | Item | E-mail

New Phase of Drilling on Pitt Gold: Normabec Intercepts 11.3 g/t Au Over 2 Meters - More
- January 29, 2008 | Item | E-mail

Pelangio to spin off assets into two companies - More
- January 29, 2008 | Item | E-mail

Continuum retains Jose Juan Zorrilla of Human Environment Group to oversee community and social management for Mexico - More
- January 29, 2008 | Item | E-mail

Merrex Intersects 5.29% Zinc Lead Over 3.35 Metres in Parallel Fault Zone at Jubilee - More
- January 29, 2008 | Item | E-mail

Forsys Provides Joly Zone Update - More
- January 29, 2008 | Item | E-mail

Vior Begins Drilling Program on Buteux and Fecteau Projects - More
- January 29, 2008 | Item | E-mail

Puma Exploration: 540 g/t Ag, 1.0 g/t Au, 3.3% Zn, and 2.7% Pb Over 5.1 Metres at Nicholas-Denys - More
- January 29, 2008 | Item | E-mail

Royal Roads drills 12.02 metres of 5.37% zinc, 2.83% lead, 0.38% copper, 100.4 g/t silver, 1.98 g/t gold on its Daniels Pond deposit - More
- January 29, 2008 | Item | E-mail

Typhoon Initiates Deep Drilling on The Fayolle Project - More
- January 29, 2008 | Item | E-mail

Katanga Progresses Consolidation of Joint Ventures - More
- January 29, 2008 | Item | E-mail

Carpathian Gold Strengthens Management Team - More
- January 29, 2008 | Item | E-mail

Mana start-up scheduled for February - More
- January 29, 2008 | Item | E-mail

Pelangio Proposes to Spin Out its Assets Into Two Companies - More
- January 29, 2008 | Item | E-mail

Asian Mineral Resources Limited Announces Signing of EPCM Contract and Expansion of Plant Capacity - More
- January 29, 2008 | Item | E-mail

Intrepid Mines: Paulsens Gold Mine-Six Tonnes of Gold and Extension Drilling Commences - More
- January 29, 2008 | Item | E-mail

Geneva Resources, Inc. Announces Gold Zones Expanded on Vilcoro Gold Property, Peru - More
- January 29, 2008 | Item | E-mail

Drilling Continues to Extend Mountain Lake's Bobby's Pond Base Metal Deposit at Depth - More
- January 29, 2008 | Item | E-mail

Royal Standard Minerals: Goldwedge Progress, Nye County, Nevada - More
- January 29, 2008 | Item | E-mail

Full Metal Reports High Grade Assay Results From LWM Prospect, 40 Mile Property - More
- January 29, 2008 | Item | E-mail

Caledonia Mining Announces Cobalt Off-Take Agreement With Large Chinese Refiner - More
- January 29, 2008 | Item | E-mail

Major Expansion of Gold Mineralization Forecast for Lone Star Gold Project - More
- January 29, 2008 | Item | E-mail

Selwyn Announces 2008 Mineral Resources and Expanded High-Grade Underground Resources - More
- January 29, 2008 | Item | E-mail

Manicouagan Reports Significant Rhodium Values of up to 1.2 Gram Per Tonne in Drill Core From Its Mouchalagane Property - More
- January 29, 2008 | Item | E-mail

Alexis Digs Into the Future and Recovers 6,732 Troy Ounces of Gold in Bulk Sampling Program at Lac Herbin - More
- January 29, 2008 | Item | E-mail

Serengeti Extends Exercise Term of Warrants - More
- January 29, 2008 | Item | E-mail

Ditem Explorations: Drilling and Additional Survey Underway on Beartooth Prospect, Lake Athabasca - More
- January 29, 2008 | Item | E-mail

Franklin Appoints General Manager for Bolivian Subsidiary - More
- January 29, 2008 | Item | E-mail

Kalumines' Lupoto Copper Project - More
- January 29, 2008 | Item | E-mail

Canstar Resources Updates on Mary March Appeal Hearing, Newfoundland - More
- January 29, 2008 | Item | E-mail

Superior Initiates Diamond Drill Program and Expands Its Ti-Pa-Haa-Kaa-Ning Gold Property, Northwestern Ontario - More
- January 29, 2008 | Item | E-mail

Sierra Minerals Reports 24% Increase in Estimated Gold Production at Cerro Colorado Mine - More
- January 29, 2008 | Item | E-mail

Aquila Drills New Near Surface Gold Mineralization - More
- January 29, 2008 | Item | E-mail

East West Resource Corporation: The Ox Copper-Nickel-PGE Property Staked East of Norton Lake Nickel-Copper Deposit - More
- January 29, 2008 | Item | E-mail

VMS Ventures Inc.: 6 Holes Intersect Near Solid Sulphides; Assay Results for Two at Reed Lake, Manitoba Discovery Zone - More
- January 29, 2008 | Item | E-mail

Molycor Gold Corp.: Assay Results and New Claims Added to the Davis Gold Property, Nevada - More
- January 29, 2008 | Item | E-mail

Silver Fields Resources to Drill La Esperanza Project in Mexico - More
- January 29, 2008 | Item | E-mail

Anvil Mining Provides Update on Cash and Investments - More
- January 29, 2008 | Item | E-mail

TTM Chu Molybdenum Initial Resource Estimate - More
- January 29, 2008 | Item | E-mail

Medoro Resources Announces Drilling Results - More
- January 29, 2008 | Item | E-mail

Jinfeng February production to be impacted by power supply - More
- January 29, 2008 | Item | E-mail

Russian gold output seen rising from 2008 -lobby - "Russian gold output is set to increase in 2008 after five straight years of decline, with a further boost seen from 2010 as miners bring new projects on stream, the country's industry lobby said on Tuesday." More
- January 29, 2008 | Item | E-mail

Gold Fields Reports Restoration of Power - "Gold Fields Limited ("Gold Fields") (NYSE: GFI - News; JSE: GFI)(DIFX: GFI) is pleased to announce that it has been informed by Eskom that 80% of total average power consumption will be restored to Gold Fields' mines by tonight, Tuesday, 29 January 2008 and, if the national situation allows, to 90% by Wednesday, 30 January 2008." More
- January 29, 2008 | Item | E-mail

ITH Outlines Planned US$11M Exploration Program For 2008 - "International Tower Hill Mines Ltd. ("ITH" or the "Company") - (CDNX:ITH.V - News)(AMEX:THM - News)(Frankfurt:IW9.F - News) is pleased to announce highlights of its planned 2008 North American resource definition, drilling and exploration programs. Highly encouraging results from 2007 have enabled ITH to prioritize its project portfolio, focusing on those projects with the greatest potential for resource growth." More
- January 29, 2008 | Item | E-mail

Wave Uranium Board Cancels 15 Million Shares - More
- January 29, 2008 | Item | E-mail

Rockgate Discovers New Uranium Zone at Falea Project, Mali, West Africa - More
- January 29, 2008 | Item | E-mail

Uranium Energy Corp Announces Progress With Drilling at Its Goliad Project - More
- January 29, 2008 | Item | E-mail

Uracan increases strike length to 1500 meters at Double S zone, North Shore Property, Quebec - More
- January 29, 2008 | Item | E-mail

Azimut and Central Uranium report extensive uranium targets at Kangiq, further demonstrating the discovery of a potential new uranium district in the Ungava Bay - More
- January 29, 2008 | Item | E-mail

Paladin Energy Ltd. Quarter Update - More
- January 29, 2008 | Item | E-mail

Golden Valley Mines Ltd.: $2,000,000 Uranium Exploration Program Underway Beartooth Island Prospect Athabasca Basin Saskatchewan - More
- January 29, 2008 | Item | E-mail

Robert B. Fields Appointed to Liberty Star Uranium & Metals Board of Directors - More
- January 29, 2008 | Item | E-mail

AngloGold Ashanti Begins Process to Restart Production - "Following a meeting this morning between Eskom and industrial electricity consumers, AngloGold Ashanti has commenced the process of bringing back into production all of its underground mines and their associated gold treatment plants. It is anticipated that all mines will be back in full production by the end of next week." More
- January 29, 2008 | Item | E-mail

ECU Silver to Host Global Conference Call to Discuss Updated Mineral Resource Estimate - "On Thursday, January 24, 2008 ECU Silver reported the results of its "Updated" National Instrument 43-101 compliant Mineral Resource Estimate on its Velardena District Properties in Durango State, Mexico. As stated in the news release, the results confirm an increase to over twice ECU Silver's mineral resources and also highlighted a significant Potential Resource." More
- January 29, 2008 | Item | E-mail

Most SAfrica mines still halted by power crisis - "The world's third-biggest gold producer said on Tuesday it had restarted production at one of its mines although a power shortage that has curbed output from South Africa's mining sector remained largely unresolved.

AngloGold Ashanti (ANGJ.J: Quote, Profile, Research) said it had diverted its power supply allocation to resume full production at one of its seven South African mines that had been crippled by the electricity crisis, and expected to re-start three other mines by Thursday." More
- January 29, 2008 | Item | E-mail

2 S. African Miners Plan to Resume Work - "Two South African gold mining companies said Tuesday they plan to resume work soon following power outages that shut down production last week. Gold Fields Ltd. said it has been told by state-run utility Eskom that 80 percent of its average power use will be restored by Tuesday night. The power will be phased in and, if conditions allow, will increase to 90 percent by Wednesday, Gold Fields said. Separately, AngloGold Ashanti said it has met with Eskom and expects to restore operations at all of its underground mines and gold treatment plants by the end of next week." More
- January 29, 2008 | Item | E-mail

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