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

	Close	Gain/Loss
Gold	$906.70	-$2.25
Silver	$17.27	+$0.04
XAU	179.43	+1.57%
HUI	438.58	+2.01%
GDM	1318.90	+1.69%
JSE Gold	2272.90	-54.65
USD	76.39	+0.06
Euro	145.84	-0.06
Yen	92.45	+0.34
Oil	$93.27	+$0.49
10-Year	3.694%	+0.015
T-Bond	118.0625	-0.4375
Dow	12552.24	+1.45%
Nasdaq	2373.93	+2.32%
S&P	1367.21	+1.36%

Gold fell to $896.02 in Asia and traded near $900 in London before it rose to as high as $910.70 by early afternoon in New York, but it then fell back off a bit in the last hour of trade and ended with a loss of 0.25%. Silver fell to $16.89 in Asia and rose to $17.36 by early afternoon in New York before it also dropped slightly into the close, but it still ended with a gain of 0.23%.

Euro gold fell to about €622, platinum gained $67.50 to $1985 to a new record high, and copper fell a few cents to about $3.52.

Gold and silver equities fell slightly by midmorning, but they then climbed higher for the rest of trade and ended with about 2% gains.

Report	For	Reading	Expected	Previous
Retail Sales	Jan	0.3%	-0.3%	-0.4%
Retail Sales ex-auto	Jan	0.3%	0.2%	-0.3%
Business Inventories	Jan	0.6%	0.5%	0.4%

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 2/09 expected at 350,000 and the Trade Balance for December expected at -$61.5 billion.

Oil rose as Chavez said Venezuela would stop selling crude to Exxon and inventories came in a little worse than expected. Crude inventories built 1.1 million barrels, gasoline inventories built 1.7 million barrels, and distillates fell 100,000 barrels.

The U.S. dollar index found slight gains and treasuries fell a bit after Retail Sales came in better than expected and pushed interest rates higher.

The Dow, Nasdaq, and S&P rose as strong Retail Sales eased worries about a slowing economy.

Among the big names making news in the market today were Vonage, Coca-Cola, Deere, and First Solar.

"April Gold finished down 0.9 at 910.2, 3.3 off the high and 8.7 up from the low.

March Silver closed up 0.103 at 17.353. This was 0.288 up from the low and 0.017 off the high.

The gold market seemed to start the session out under the same pressure seen from the prior trading session, but the market was able to reject a test of the sub $900 level in the wake of a better than expected US retail sales reading. However, periodic strength in the US Dollar seemed to undermine gold and in fact that development seemed to keep gold under pressure in the face of an early afternoon bounce in both silver and platinum prices. Surprisingly at one time the platinum market had managed a rally of roughly nearly $80 an ounce and that didn't seem to provide much in the way of spillover buying into gold. Some traders continue to think that gold prices have become choppy as a result of declining macro economic uncertainty and with the silver and platinum market managing distinct gains during the session Wednesday there seemed to be something causing the markets to diverge.

The silver market managed to shake off some early weakness in the wake of a better than expected US retail sales reading, favorable equity market action and perhaps even because the US economic stimulus plan was signed into law by the President. It is possible that the silver market was lifted by the overt and historic strength in platinum prices today, which at least temporarily managed a climb above the $2,000 per ounce level. However, some of the potential spillover windfall from the strength platinum prices might have been countervailed by a sloppy to weak trade in the copper market.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.55 tonnes.

Centerra Gold’s (CG.TO) Kumtor project, Great Basin’s (GBN) exploration drifting, Newmont’s (NEM) divestiture process in Indonesia, ITH’s (THM) initial mineral resource estimate, Kirkland’s (KGI.TO) drill results, Hecla’s (HL) plans to acquire the assets of Independence Lead Mines, and Alexco’s (AXU) drill 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.

Conway Resources Negotiates a $200,000 Private Placement - More
- February 13, 2008 | Item | E-mail

Crowflight Closes $55 Million Debt Facility - More
- February 13, 2008 | Item | E-mail

Tao Minerals Continues Retaining Cohen Consulting as Agency of Record - More
- February 13, 2008 | Item | E-mail

Government of Kyrgyz Republic Requests Extension on Agreements Regarding Centerra's Kumtor Project - "Centerra Gold Inc. (Toronto:CG.TO - News) reported that it has received a letter today from the Prime Minister of the Kyrgyz Republic requesting an extension of the deadline for completion of the transactions contemplated by the preliminary framework agreements on the Kumtor Project from February 15, 2008 to April 30, 2008." More
- February 13, 2008 | Item | E-mail

43-101 Resource Estimate Released on Geoinformatics' Azulitas Prospect - More
- February 13, 2008 | Item | E-mail

Mantis Mineral Corp. - News Release - More
- February 13, 2008 | Item | E-mail

Baffinland Announces a Near Tripling of Tonnage in the 2007 Mineral Resource and Reserve Statement for the Mary River Project - More
- February 13, 2008 | Item | E-mail

Geodex reports drill results from the northern tungsten-copper zones (Zones I and II) on the Sisson Brook property, New Brunswick - More
- February 13, 2008 | Item | E-mail

International PBX Ventures Ltd. Appoints Mr. Mike Parr as General Manager of Chilean Operations - More
- February 13, 2008 | Item | E-mail

Forsys Announces Joly Zone Trenching Results - More
- February 13, 2008 | Item | E-mail

Cannivan Gulch has indicated resource containing 225 million pounds and inferred resource containing 167 million pounds of molybdenum - More
- February 13, 2008 | Item | E-mail

Great Bear Reports Progress on Surprise Creek Project, Uranium City Saskatchewan - More
- February 13, 2008 | Item | E-mail

Leeward Capital Corp. - 2008 Nithi Mountain Drill Program Starts - More
- February 13, 2008 | Item | E-mail

Firesteel receives 4.7 million shares of Blacksteel in exchange for oil sands leases - More
- February 13, 2008 | Item | E-mail

Millstream Lengthens Drill Hole S-07-02 and Encounters Additional Zones of Massive Sulphides at Potter - More
- February 13, 2008 | Item | E-mail

Centrasia Joins Barrick and Puma Minerals in Search for Platinum Group Metals in the Kola Peninsula - More
- February 13, 2008 | Item | E-mail

Gold Canyon Obtains Amendment of Cordero Property Agreements - More
- February 13, 2008 | Item | E-mail

Laramide Announces 10% Ownership of Sierra Minerals Inc. - More
- February 13, 2008 | Item | E-mail

Advanced Explorations Extends High Grade Fe Mineralization and Identifies New Exploration Opportunities - More
- February 13, 2008 | Item | E-mail

Virginia to Spend Approximately $30 Million in Exploration Work in 2008 - More
- February 13, 2008 | Item | E-mail

Big Bar earns 51% interest in its Troy Ranch property in central Arizona - More
- February 13, 2008 | Item | E-mail

Trun Gold-Tungsten Exploration Program Approved - More
- February 13, 2008 | Item | E-mail

Cogitore Resources Inc. Initiates 2008 Diamond Drilling Program on Estrades Project - More
- February 13, 2008 | Item | E-mail

Inmet Mining Corporation - More
- February 13, 2008 | Item | E-mail

Diamond Drilling Begins On Quebec Nickel Project - More
- February 13, 2008 | Item | E-mail

Lithic Intersects 30 Metres Grading 17.93% Zinc at Crypto - More
- February 13, 2008 | Item | E-mail

SearchGold Intersects 16.43 g/t Au Over 4 m and Provides Drilling Update on Bakoudou, Gabon - More
- February 13, 2008 | Item | E-mail

Bearclaw Capital Corp. Identifies Two Five Kilometer Prospective Uranium Belts at Wakeham - More
- February 13, 2008 | Item | E-mail

Khan Settles All Outstanding Litigation - More
- February 13, 2008 | Item | E-mail

Colibri continues drilling on Leon Project, soil anomaly expands - More
- February 13, 2008 | Item | E-mail

Redcorp Ventures Ltd.: Tulsequah Chief Mine Update - More
- February 13, 2008 | Item | E-mail

Buffalo Gold Enters Into Contract for Furtei Mine Concentrates - More
- February 13, 2008 | Item | E-mail

Coro Signs Option to Acquire Operating Copper Mine in Chile - More
- February 13, 2008 | Item | E-mail

Step out drilling continues to expand the Bruce Channel Discovery - More
- February 13, 2008 | Item | E-mail

Key processing equipment secured for Kenbridge Nickel Project - More
- February 13, 2008 | Item | E-mail

Vault Minerals with Goldcorp Commence Drilling Lebel Gold Properties; Multiple Intercepts include 10.2 gAu/t over 1.1m on Gordon-Lebel - More
- February 13, 2008 | Item | E-mail

Kennecott Utah Copper Top Earning Mine in Rio Tinto Group - More
- February 13, 2008 | Item | E-mail

Gold Resource Estimated for Igor - More
- February 13, 2008 | Item | E-mail

Explorator Intersects Significant High Grade Copper Oxide Mineralization at El Espino-Venus With Evidence of Multiple Stacked Mantos - More
- February 13, 2008 | Item | E-mail

Update on Farallon's G-9 Project: New Resource Estimate for North Zone is Pending, Decline Productivity Increased, Power Line Permit Received - More
- February 13, 2008 | Item | E-mail

Marathon Hits Sulphides at Bird River, Drilling Underway at Marathon Project - More
- February 13, 2008 | Item | E-mail

Southwestern Resources-Liam Joint Venture Project Update - More
- February 13, 2008 | Item | E-mail

Golden Goose extends Lac Levac strike length to 750 metres with multiple hits of over 1% nickel - More
- February 13, 2008 | Item | E-mail

Sherwood Intersects High Grade Copper-Gold Mineralization in 4 Separate Targets at the Minto Mine - More
- February 13, 2008 | Item | E-mail

Grandview Gold Inc. Encounters Visible Gold at Dixie Lake Project and Mobilizes to Sanshaw Bonanza in Red Lake Gold District - More
- February 13, 2008 | Item | E-mail

ATW Venture Corp. Re-commences Drilling at Amarillo - More
- February 13, 2008 | Item | E-mail

Globex Announces Normal Course Issuer Bid - More
- February 13, 2008 | Item | E-mail

An Invitation to Globex Shareholders - More
- February 13, 2008 | Item | E-mail

White Mountain Ore Reserve increased by 81% - More
- February 13, 2008 | Item | E-mail

Newmont to continue divesting part of Indonesia unit - "Newmont Mining (NEM.N: Quote, Profile, Research) said on Wednesday it will continue to sell a stake in its local Indonesian unit in a fair and transparent manner, a day after the country's energy minister threatened to cancel one of the gold company's contracts.

Newmont and Nusa Tenggara Mining Corporation (NTMC), an affiliate of Sumitomo Corp, have to sell, collectively, a 31 percent stake in PT Newmont Nusa Tenggara to Indonesian parties." More
- February 13, 2008 | Item | E-mail

Mega Uranium Ltd. Releases Unaudited Results for the Three Months Ended December 31, 2007 - More
- February 13, 2008 | Item | E-mail

Uranium Energy Corp Acquires Section 4 Project in New Mexico - More
- February 13, 2008 | Item | E-mail

Alberta Star Intersects 52.00 Meters of 0.30% Copper at the Camel Back-IOCG & Uranium Target at Glacier Lake, NT - More
- February 13, 2008 | Item | E-mail

Bluerock Resources Signs Exclusive Review Agreement on Pine Ridge Uranium Mine, Utah, USA - More
- February 13, 2008 | Item | E-mail

Paladin Energy Announces Bank Approval for US$167M Project Finance for Kayelekera Uranium Project, Malawi - More
- February 13, 2008 | Item | E-mail

Pele Mountain Identifies High Priority Geophysical Targets at its Elliott Lake Uranium Mine Project - More
- February 13, 2008 | Item | E-mail

Hecla to Acquire Assets of Independence Lead Mines - "Hecla Mining Company (NYSE:HL - News) and Independence Lead Mines (Pink Sheets:ILDS - News) today announced that they have signed an agreement for Hecla to acquire substantially all of the assets of Independence Lead Mines Company (ILM), located in northern Idaho’s Silver Valley. Included in the ILM assets are the West Independence property and ILM’s mining claims pertaining to the DIA agreement with the Lucky Friday mine, which includes any future interest or royalty obligation to ILM. The transaction is subject to approval by shareholders of ILM." More
- February 13, 2008 | Item | E-mail

Great Basin Gold's Hollister Development Project Encounters Exceptional Grades on Central Clementine and Gwenivere Vein Exploration Drifting - "Great Basin Gold Ltd. ("Great Basin or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBG) announces that underground development at its Hollister Mine development project continued to accelerate in the fourth quarter of 2007 with 2,242 feet (683 m) of total development being achieved." More
- February 13, 2008 | Item | E-mail

Alexco Announces Final 2007 Drill Results from Keno Hill: Zinc-Silver Mineralization Expanded at Onek Prospect - "Alexco Resource Corp. (Toronto:AXR.TO - News)(AMEX:AXU - News) ("Alexco") is pleased to announce the final results from its 2007 core drilling program at the Keno Hill Project, Yukon Territory, being managed by NovaGold Resources Inc. (Toronto:NG.TO - News)(AMEX:NG - News) ("NovaGold"). Drilling at the historic Onek mine, located approximately 1.5 kilometers northwest of the Bellekeno property, continues to expand high grade zinc-silver mineralization encountered in several early 2007 drill holes, as outlined in the September 6, 2007 press release." More
- February 13, 2008 | Item | E-mail

Newmont Affirms Commitment to a Fair and Transparent Divestiture Process and to Protecting Its Property Rights at Batu Hijau in Indonesia - "Newmont and Nusa Tenggara Mining Corporation ("NTMC"), an affiliate of Sumitomo Corporation, have to divest, collectively, a 31% stake in PT Newmont Nusa Tenggara ("PTNNT") to Indonesian parties. Newmont and NTMC currently have a combined 80% ownership interest in PTNNT, with Newmont's individual interest at 45% and NTMC's at 35%. The remaining 20% of PTNNT is owned by an unrelated Indonesian company. PTNNT owns and operates the Batu Hijau mine." More
- February 13, 2008 | Item | E-mail

ITH Reports Initial Inferred Gold Resource at LMS Project, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (CDNX:ITH.V - News)(AMEX:THM - News)(Frankfurt:IW9.F - News) is pleased to announce the results of its initial mineral resource estimate for the Camp Zone deposit at its LMS project near Delta Junction, Alaska. The independent study determined an initial inferred gold resource of 167,000 ounces of gold at a cutoff grade of 0.3 g/t having an average grade of 0.89 g/t gold." More
- February 13, 2008 | Item | E-mail

Kirkland Lake Gold Inc.: Drill Holes Located 1,000 Feet Apart Intersect Multiple High Grade Gold Zones within the South Mine Complex on the South Claims JV - "Kirkland Lake Gold Inc. ("KL Gold") (TSX:KGI - News; AIM:KGI) and Queenston Mining Inc. ("Queenston") (TSX:QMI - News; FRANKFURT:QMI - News; STUTTGART:QMI - News) are pleased to announce that they have intersected high-grade gold mineralization within the jointly held (50%-50%) South Mine Complex ("SMC") of the South Claims Joint Venture located south of KL Gold's Macassa Mine in Kirkland Lake, Ontario. Intersections include 2.54 ounces of gold ("opt") uncut (1.58 opt cut) over a core length of 21.5 feet or 10.7 feet true width and 0.75 opt over a core length of 49.2 feet or 21.1 feet true width." More
- February 13, 2008 | Item | E-mail

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