Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged

	Close	Gain/Loss
Gold	$904.90	+$0.10
Silver	$16.73	-$0.06
XAU	180.24	-2.37%
HUI	438.93	-2.80%
GDM	1326.93	-2.56%
JSE Gold	2387.08	-111.29
USD	75.35	-0.13
Euro	148.26	+0.10
Yen	93.70	-0.28
Oil	$90.02	+$1.06
10-Year	3.643%	+0.043
T-Bond	119.1875	-0.59375
Dow	12635.16	-0.85%
Nasdaq	2382.85	-1.26%
S&P	1380.82	-1.05%

Gold rose to over $910 in Asia before it fell back off in London and dropped to as low as $891.75 in midmorning New York trade, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver dropped to as low as $16.38 before it also rebounded, but it still ended with a loss of 0.36%.

Euro gold fell to about €610, platinum gained $35 to $1791 to a new record high, palladium gained $13 to $424, and copper rose slightly to about $3.27.

Gold and silver equities fell over 2% in the first hour of trade and then rebounded midday, but they then fell back off into the close and ended with nearly 3% losses.

Report	For	Reading	Expected	Previous
Factory Orders	Dec	2.3%	2.0%	1.7%

Oil rose back over $90 as a waterway in Texas closed due to fog and prevented supplies from entering the country.

The U.S. dollar index and treasuries fell slightly as traders looked forward to central bank meetings later in the week.

Among the big names making news in the market today were Wendy’s and Microsoft.

“April Gold finished down 4.1 at 909.4, 0.6 off the high and 13.4 up from the low.

March Silver closed down 0.09 at 16.78. This was 0.33 up from the low and 0.02 off the high.

While the gold market did managed to throw off a portion of the big early losses, seeing April gold forge a large range down pattern to start the week must have discouraged some bulls. Apparently a mostly weak US Dollar and talk of soaring US Budget deficits failed to inspire flight to quality interest in gold and that probably discouraged the bull camp. In fact, gold distinctly diverged from the mostly favorable industrial metals price action on Monday and that could suggest that the gold market saw the US Factory orders release as a negative development. While a portion of the trade saw the initial weakness as technical in nature, it is also possible that a lack of fresh supply disruption news from South Africa prompted some longs to bank profits. However, the gold market did manage to climb back toward unchanged just after mid session in conjunction with a fresh low for the day in the stock market and that could suggest that the flight to quality argument was trying to come back into vogue.

Clearly the silver market diverged with other industrial metals markets on Monday, as March silver in the morning trade reached down to the lowest level since January 28th, while platinum and copper prices were strong throughout the trading session. With the silver markets last two day trading range stretching out to roughly 90 cents and the market recently posting a rather significant non commercial and non reportable long positioning, reports of technical selling pressure was not that surprising. With the market seemingly disappointed with the US Factory Orders release and perhaps undermined by a weak equity market, there seemed to be a number of classic physical commodity market fundamental issues weighing on silver prices.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: StreetTRACKS subtracted 0.62 tonnes and the JSE added 0.49 tonnes.

Note: Change in Total Tonnes from yesterday’s data: 0.92 tonnes were added to the trust.

Note: Change in Total Tonnes from yesterday’s data: 61.67 tonnes were added to the trust.

Orezone’s (OZN) EPCM contract, Newmont’s (NEM) analyst day, NovaGold’s (NG) credit facility, Allied Nevada’ (ANV) assay results, Randgold’s (GOLD) quarterly results, Abcourt’s (ABI.V) property payment, Minco Silver’s (MSV.TO) assay results, and Arian Silver’s (AGQ.V) COO appointment 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.

Gilla Closes Acquisition of Rutile Titanium Properties in Cameroon - More
- February 04, 2008 | Item | E-mail

Merrex Launches 2008 Siribaya Drilling Program - More
- February 04, 2008 | Item | E-mail

Radiometric airborne on Center Uranium Project - Quebec complete - More
- February 04, 2008 | Item | E-mail

Orezone Awards Essakane Contract to GRD Minproc - "Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) Orezone Resources Inc. is pleased to announce that leading international engineering and construction group GRD Minproc has been awarded the engineering, procurement and construction management (EPCM) contract for the processing facilities at the Essakane Gold Project in Burkina Faso, West Africa." More
- February 04, 2008 | Item | E-mail

302ozs Gold Produced in January at Sinivit Mine, Papua New Guinea - More
- February 04, 2008 | Item | E-mail

Hawk Uranium Inc. Announces TSX-V Approval of Option Agreement with Noront - More
- February 04, 2008 | Item | E-mail

Azteca Gold Corp.: 5 FT RC Intercepts as High as 451 g/t Silver and 9.8 g/t Gold Reported at Guerra al Tirano - More
- February 04, 2008 | Item | E-mail

Gold Canyon Resources Inc.: Drilling Underway at Cordero Gallium Project - More
- February 04, 2008 | Item | E-mail

Canadian Royalties Inc./Mequillon Preliminary Economic Assessment: Positive Economics and Potential for 9 Year Mine Life Extension Demonstrated - More
- February 04, 2008 | Item | E-mail

Molycor Enters Option Agreement - More
- February 04, 2008 | Item | E-mail

Cabo awarded 15,000 meter drill contract by Marathon PGM Corporation - More
- February 04, 2008 | Item | E-mail

Ur-Energy Completes In-House Economic Analysis on Lost Creek Project and Commissions Independent Technical Report - More
- February 04, 2008 | Item | E-mail

New Los Planes Drill Results; 76.2 m of 1.52 g/t and 88.4 m of 1.13 g/t Gold - More
- February 04, 2008 | Item | E-mail

Trillium Acquires Land in Beardmore-Geraldton Gold Belt - More
- February 04, 2008 | Item | E-mail

Little Squaw Drilling for Gold in Mexico - More
- February 04, 2008 | Item | E-mail

Gold Reef International Coring Program Progressing as Planned on the Newmont Rimrock Project, Lander County, Nevada - More
- February 04, 2008 | Item | E-mail

Entourage Mining Intersects 10.11 meters of 0.60 lb/t U3O8 Near Surface on the Doran Main Showing - More
- February 04, 2008 | Item | E-mail

Great Western Minerals Group Ltd.: Drilling Commences at Hoidas Lake - More
- February 04, 2008 | Item | E-mail

Century Mining Announces Changes To Board Of Directors - More
- February 04, 2008 | Item | E-mail

Galantas Operational Update - More
- February 04, 2008 | Item | E-mail

Ur-Energy Reports Lost Creek's 2007 Pump Tests - More
- February 04, 2008 | Item | E-mail

First ore processed at Etruscan's Youga Gold Mine in Burkina Faso - More
- February 04, 2008 | Item | E-mail

San Bernardo Mexican Project Presents Ground Floor Opportunity for Canadian Mining Company Inc. - More
- February 04, 2008 | Item | E-mail

Continuum delineates 31.20 metres of footwall and hangingwall Ag-Pb-Zn halo mineralization at its 100% owned Tres-Hermamas project - More
- February 04, 2008 | Item | E-mail

Bison Gold Reports on Current and Planned Exploration Progress on Its Manitoba Properties - More
- February 04, 2008 | Item | E-mail

KWG, Spider and Freewest Start Winter Exploration Program McFauld's Lake Area, Northern Ontario - More
- February 04, 2008 | Item | E-mail

Azimut receives a Curative Notice from NWT Uranium - More
- February 04, 2008 | Item | E-mail

Radius Acquires 100% Interest in the Tlacolula Property, Mexico, and Reports 21.5m at 130.8 g/t Ag From Initial Channel Sampling - More
- February 04, 2008 | Item | E-mail

Romarco Retains Ken Brunk to Lead Feasibility at Haile - More
- February 04, 2008 | Item | E-mail

Mansfield Minerals Inc.: It's a Wrap!; Drilling at Lindero Concludes With Strong Intercepts - More
- February 04, 2008 | Item | E-mail

International PBX Ventures Ltd. Announces Appointment of George Sookochoff as CEO of the Company - More
- February 04, 2008 | Item | E-mail

Redcorp Ventures Ltd.: Tulsequah Chief Mine Update; Concentrate Sales and Contingent Finance Facility Agreements - More
- February 04, 2008 | Item | E-mail

Rockgate Contracts Golder Associates Ltd. to Conduct Resource and ISR Studies at Falea Uranium Project, Mali, West Africa - More
- February 04, 2008 | Item | E-mail

Extension and definition of high grade gold zone at TEAL'S Otjikoto gold project - More
- February 04, 2008 | Item | E-mail

Midlands Confirms Kaniago Soil Zones are on Direct Strike With Significant Gold Deposits on the Asankrangwa Gold Belt-Ghana - More
- February 04, 2008 | Item | E-mail

Teal Discovers Copper And Cobalt Mineralization At Kalumines' Karu Prospect In The DRC - More
- February 04, 2008 | Item | E-mail

Mega Silver Enters Into Investor Relations Agreement - More
- February 04, 2008 | Item | E-mail

Temoris Resources Inc.: Property Acquisition - More
- February 04, 2008 | Item | E-mail

MDN Provides Exploration Update on the Viyonza Project in Tanzania - More
- February 04, 2008 | Item | E-mail

El Nino Ventures Inc. acquires new Copper Project in the Democratic Republic of Congo (DRC) - More
- February 04, 2008 | Item | E-mail

Gold Resource Corporation Begins Construction, El Aguila Project, Oaxaca, Mexico - More
- February 04, 2008 | Item | E-mail

Anvil Mining Limited - Updated Feasibility Study for Kinsevere Stage II SX-EW Project following a 34% increase in Measured and Indicated Resources - More
- February 04, 2008 | Item | E-mail

Randgold 2007 profits dip, says gold to boost 2008 - "Randgold Resources (RRS.L: Quote, Profile, Research) said 2007 net profit fell 10 percent as costs rose, but the African gold producer said on Monday that a buoyant gold price should boost this year's earnings.

"On a before-tax basis at $900 gold, we'll get up to an 80-percent odd increase in our profits for the full year," Chief Executive Mark Bristow told Reuters." More
- February 04, 2008 | Item | E-mail

East West Resource Corporation-Multiple Copper Intercepts at Cherry Hill - More
- February 04, 2008 | Item | E-mail

NWT Delivers Response To Azimut "Notice of Default": Allegations Are Without Merit - More
- February 04, 2008 | Item | E-mail

Petaquilla Minerals Ltd.: Incorporation of Petaquilla Infrastructure Ltd. - More
- February 04, 2008 | Item | E-mail

Mexivada options Jefferson Gold/Silver project to StoneShield Capital - More
- February 04, 2008 | Item | E-mail

Petaquilla Copper Ltd.: Incorporation of Petaquilla Infrastructure Ltd. - More
- February 04, 2008 | Item | E-mail

Newmont Announces Analyst Day and Operating Results Webcast - "Newmont Mining Corporation (NYSE: NEM - News) announced it will host an analyst day to discuss 2007 operating and reserve results, as well as the Company's 2008 operating outlook, on Friday, February 8, 2008. The 2008 Analyst Day will be simultaneously carried on the Company's web site at http://www.newmont.com beginning at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) under Investor Information/Presentations and will be archived there for a limited time." More
- February 04, 2008 | Item | E-mail

Abcourt Makes a Second Payment on the Aldermac Property Option - "Mr. Renaud Hinse, president and C.O.O. of Abcourt Mines Inc. (TSX VENTURE:ABI - News), is pleased to announce that Abcourt is making a second payment on the Aldermac property option, which was signed on February 1, 2007." More
- February 04, 2008 | Item | E-mail

Goldcorp Declares Second Monthly Dividend Payment for 2008 - "GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) is pleased to declare its second monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, February 14, 2008 will be entitled to receive payment of this dividend on Friday, February 22, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003." More
- February 04, 2008 | Item | E-mail

NovaGold Enters into $30 Million Credit Facility - "NovaGold Resources Inc. (Toronto:NG.TO - News)(AMEX:NG - News) today announced that it has entered into an agreement with The Bank of Nova Scotia for a C$30 million credit facility maturing on July 30, 2008. The proceeds borrowed under the credit facility will be used by NovaGold Resources Inc. ("NovaGold") for general corporate purposes." More
- February 04, 2008 | Item | E-mail

Minco Silver Expands Mineralization at Fuwan - "Minco Silver Corporation (the "Company" or "Minco Silver") (Toronto:MSV.TO - News) is pleased to report the assay results of 22 holes, for a total of 5,904.56 metres, from exploration drilling on its Fuwan Silver Project located in Guangdong Province, China. The program was designed to further increase the level of confidence of the resource through in-fill and to expand the known resource base through step out drilling." More
- February 04, 2008 | Item | E-mail

Allied Nevada Drills 550 Feet of 0.033 opt Au Equivalent at Hycroft - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (Toronto:ANV.TO - News)(AMEX:ANV - News) is pleased to announce complete gold and silver assay results for fourteen (14) exploration holes, eleven (11) of which are listed in the table below. The holes were drilled at the Company's Hycroft Heap Leach Mine ("Hycroft") located near Winnemucca, Nevada. As of January 30, 2008, a total of seventy-eight (78) drill holes have been completed at Hycroft since the program began in August of 2007, including sixty (60) reverse circulation drill holes and eighteen (18) core holes." More
- February 04, 2008 | Item | E-mail

Randgold Resources Limited Announces Q4 Results - "Reporting its results for the fourth quarter of 2007 and the year to December, the company also said a strong performance from its Loulo operations in Mali had boosted Q4 net profit to US$14.5 million, up 26% on the previous quarter and 34% up on the comparable quarter in 2006. A dividend of 12 US cents, up 20% on 2006, was declared for the year." More
- February 04, 2008 | Item | E-mail

Randgold Resources Limited Announces Final Dividend for 2007 - "Randgold Resources Limited has declared an annual dividend for the period ended 31 December 2007 of USD(0.12) per share. The dividend payment will be made on 6 March 2008 to shareholders on the register on 15 February 2008. The ex-dividend date will be 13 February 2008." More
- February 04, 2008 | Item | E-mail

Arian Silver Appoints Chief Operating Officer - "Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ - News; AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A - News) is pleased to announce that it has appointed Graham Tye as Chief Operating Officer (COO) effective 1st February 2008." More
- February 04, 2008 | Item | E-mail

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