Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% to New Highs on COMEX and Gain 1% More After

	Close	Gain/Loss
Gold	$934.35	+$7.85
Silver	$17.70	+$0.22
XAU	189.56	+1.86%
HUI	466.28	+2.57%
GDM	1401.73	+2.50%
JSE Gold	2441.13	+89.84
USD	76.17	+0.15
Euro	147.07	-0.26
Yen	92.45	-0.44
Oil	$100.74	+$0.73
10-Year	3.917%	+0.042
T-Bond	115.90625	-0.15625
Dow	12427.26	+0.73%
Nasdaq	2327.10	+0.91%
S&P	1360.03	+0.83%

Gold fell to as low as $913.40 by about 9AM EST in New York, but it then rallied fiercely higher over the next 4 hours of trade, made an intraday high of $936.15, and closed with a gain of 0.85% at a new record closing high. Silver fell to $17.173 before it rose to as high as $17.75 and closed with a gain of 1.26% at a new 27 year high.

At the time of writing, both metals have continued to gain in after hours access trade and have set new record and 27 year intraday highs with roughly 1% further gains from their 1:30PM EST COMEX closes at as high as $945.80 and $17.84 by 4:30PM EST.

Euro gold rose to about €636, platinum fell $20 to $2120, and copper fell a couple of cents to about $3.71.

Gold and silver equities steadily rose for most of trade and ended with about 2% gains. The three major mining indices (XAU, HUI, GDM) sit roughly 3-5% from making new record highs of their own. Previous record high closes were set on January 14^th, 2008.

Report	For	Reading	Expected	Previous
CPI	Jan	0.4%	0.3%	0.4%
Core CPI	Jan	0.3%	0.2%	0.2%
Housing Starts	Jan	1012K	1015K	1004K
Building Permits	Jan	1048K	1040K	1080K

FOMC minutes from the fed’s January 30^th meeting showed they feel downside risks remain even after their 50 basis point cut that day, but they also discussed a rapid reversal of the rate cuts should economic indicators turn around into more positive territory. They defended the 75 basis rate cut after their emergency January 21^st meeting as necessary to align the real policy rate with the weakening economy. Also announced was a previously undisclosed conference call on January 9^th that resulted in no public action.

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 2/16 expected at 345,000. At 10AM is the Leading Economic Indicators report for January expected at -0.1% and the Philadelphia Fed survey expected at -10.0.

Oil fell in early trade on profit taking after yesterday’s record run, but it came back to find a decent gain by the close as supply concerns in Nigeria and Venezuela remain and traders also prepared for tomorrow’s inventory reports. The March contract rose to as high as $101.32 before it closed out at a new record high of $100.74. Tomorrow begins the use of the April contract as the most forward contract and it is currently trading about $1 below the March contract.

The U.S. dollar index rose and treasuries fell in early trade as CPI came in higher than expected and reduced the possibility that the fed will continue to cut interest rates, but those gains and losses pared in later trade in anticipation of, and on confirmation of, FOMC minutes released late in the day that showed the fed will likely continue to cut rates.

The Dow, Nasdaq, and S&P fell in morning trade on inflation worries, but they also reversed course midday and ended with decent gains on expectations the fed will continue to cut interest rates despite higher than expected CPI as FOMC minutes ignored inflation worries for the most part and instead focused on the fact the fed feels downside risks remain.

Among the big names making news in the market today were 3Com and Bain, Sharper Image, and Host Hotels.

“April Gold finished up 8 at 937.8, 1.6 off the high and 21.3 up from the low.

March Silver closed up 0.252 at 17.76. This was 0.54 up from the low and 0.01 off the high.

Despite some early weakness in the wake of a Dollar rally and somewhat soft US Housing Starts and Permits data, April gold managed to recover in the afternoon action and take out the prior session's highs. Apparently seeing active two sided trading action in the energy markets provided the bulls with a fresh buying impetus but it is also possible that a late bounce in the grain markets provided the gold market with an added lift. Perhaps the gold and silver markets were lifted by comments from the Fed's Poole who once again suggested that the US would avoid a recession but the market might have really embraced suggestions from Poole that Food and Energy prices might be setting inflation "trends".

The silver market clearly performed better than gold for most of the session. In fact, the silver market managed to climb back into positive ground well ahead of gold and then added to the gains in the afternoon action. Certainly the silver market benefited from the revived inflationary concerns seen in the wake of the US CPI report but it would also seem like a later recovery bounce in oil and grain prices contributed to the bounce in silver prices. Apparently silver wasn't held back by weakness in platinum and copper prices or by the slightly disappointing US Housing readings released early in the trading session.”- The Hightower Report, Futures Analysis and Forecasting

Agnico Eagle’s (AEM) fourth quarter results, Almaden’s (AAU) 2007 review, Anatolia’s (ANO.TO) president and CEO appointment, Anglo American’s (AAUK) profit, Canyon’s (CAU) optioned properties, Seabridge’s (SA) resource estimate, Newmont’s (NEM) mining contract in Indonesia, Silver Standard’s (SSRI) note offering, Pan American’s (PAAS) increased reserves, ECU’s (ECU.TO) drill results, and Silverstone’s (SST.V) sales and forecast 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.

Agnico-Eagle reports record fourth quarter 2007 results - "Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") today reported record quarterly net income of $65.2 million, or $0.46 per share for the fourth quarter of 2007. This result includes a gain of $29.8 million, or $0.21 per share, on the reduction of income tax rates. In the fourth quarter of 2006, the Company reported net income of $41.9 million, or $0.35 per share." More
- February 20, 2008 | Item | E-mail

Silver Standard Offers US$120 Million of Convertible Notes - "Silver Standard Resources Inc. ("Silver Standard") (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) announced today a proposed offering of approximately US$120 million aggregate principal amount of senior unsecured convertible notes due February 2028 (the "Convertible Notes") pursuant to private placement exemptions. Silver Standard expects to grant the initial purchasers in the offering a 30-day option to purchase up to an additional US$18 million principal amount of Convertible Notes." More
- February 20, 2008 | Item | E-mail

Portage Minerals Announces the Appointment of Andres Tinajero as CFO - More
- February 20, 2008 | Item | E-mail

First Narrows Provides Update on Exploration Activities in Sonora, Mexico - More
- February 20, 2008 | Item | E-mail

2007 Year Review of Almaden's Canadian Activities - "2007 was a very busy year for Almaden Minerals Ltd. ("Almaden" or "the Company") (Toronto:AMM.TO - News)(AMEX:AAU - News) with active exploration on multiple projects in Canada. The Company conducted a drill program on its wholly owned Elk Gold project, British Columbia the results from which have already been released (see Almaden news release of January 18, 2008)." More
- February 20, 2008 | Item | E-mail

Chapleau Resources Drilling Demonstrates Potential for Major Copper-Gold Porphyry at La Yegua, Peru - More
- February 20, 2008 | Item | E-mail

Newmont Declares Regular Quarterly Dividend - "The Board of Directors of Newmont Mining Corporation (NYSE: NEM - News) today declared a regular quarterly dividend of $0.10 per share, payable March 28, 2008 to holders of record at the close of business on March 7, 2008." More
- February 20, 2008 | Item | E-mail

Pediment Exploration Ltd.: Los Planes Perimeter Extended, Including 10.67 metres @ 11.79 g/t Gold; Significant New Zone Intersected - More
- February 20, 2008 | Item | E-mail

Anatolia Minerals Appoints Edward C. Dowling Jr. as New President and Chief Executive Officer - "Anatolia Minerals Development Limited ("Anatolia") (Toronto:ANO.TO - News) is pleased to announce that Edward C. Dowling, Jr., has been appointed President and Chief Executive Officer. Mr. Dowling will join Anatolia on April 1, 2008 and will assume a seat on the board of directors." More
- February 20, 2008 | Item | E-mail

Africo Resources Ltd.: Update regarding the DRC mining review - More
- February 20, 2008 | Item | E-mail

Uranium Energy Corp Announces Progress at the Cebolleta Uranium Project, Cibola County, New Mexico - More
- February 20, 2008 | Item | E-mail

Victoria Continues to Drill High Grade Gold at Cove-McCoy - More
- February 20, 2008 | Item | E-mail

Pan American Silver Increases Estimated Proven and Probable Silver Reserves to 228 Million Ounces - "Once again, we have not only replaced what we mined, but have meaningfully added to our proven and probable silver reserves," said Geoff Burns, President and CEO. "In the last two years we have discovered, upgraded and added through acquisitions of joint venture interests over 86 million ounces of silver, before considering ore mined. In anyone's book, this represents significant value creation." More
- February 20, 2008 | Item | E-mail

ECU Silver Mining Inc. and Golden Tag Resources Ltd.: New San Diego, Mexico Drilling Results Confirm Additional Bulk Mining Potential and New Gold Rich Zones - "Golden Tag Resources Ltd. (CDNX:GOG.V - News) ("Golden Tag") and ECU Silver Mining Inc. (Toronto:ECU.TO - News) ("ECU") are pleased to report diamond drill results from the first two holes of a planned 15-hole, 7,500 metre drilling program initiated in October 2007 on their San Diego, Mexico property." More
- February 20, 2008 | Item | E-mail

Leeward Capital Corp. - Gamma Resource Estimation - More
- February 20, 2008 | Item | E-mail

Universal Uranium Ltd. Appoints New Director to the Board - More
- February 20, 2008 | Item | E-mail

Newstrike Signs Drilling Contract For Property in British Columbia - More
- February 20, 2008 | Item | E-mail

Eagle Plains Resources Announces Discovery of Rare Earth Elements ("REEs") and Niobium Mineralization at Ice River - More
- February 20, 2008 | Item | E-mail

Superior reports results from first six diamond drill holes of 2008 - More
- February 20, 2008 | Item | E-mail

Yale Adds Significant Piece of Land to the La Verde Project - More
- February 20, 2008 | Item | E-mail

SearchGold Defines a 3km by 5km Anomalous Gold Sector on Ekarlong Target in Gabon - More
- February 20, 2008 | Item | E-mail

Robex - Nomination for WAMIA award at PDAC convention - More
- February 20, 2008 | Item | E-mail

Tamerlane Announces Positive Metallurgical Test Results - More
- February 20, 2008 | Item | E-mail

Houston Lake Mining Intersects 23 Metres Grading - More
- February 20, 2008 | Item | E-mail

Bonaventure Enterprises Inc.: K9 Delivers More Uranium, Supports Potential for Large Discovery - More
- February 20, 2008 | Item | E-mail

Inspiration Intersects 0.650% Ni Over 19.07m or 62.56ft Containing 1.110% Ni Over 6.01m or 19.72ft and 0.798% Ni Over 11.39m - More
- February 20, 2008 | Item | E-mail

Mountain Lake Announces Private Placement - More
- February 20, 2008 | Item | E-mail

Hawk Acquires Claims Adjacent to Past Uranium Producer in Athabasca Basin - More
- February 20, 2008 | Item | E-mail

Pardo cyanide leach and screen fire metallic analytical results provide continued encouragement - More
- February 20, 2008 | Item | E-mail

Skyline Completes Metallurgical Study on Bronson High Wall Gold Zone - More
- February 20, 2008 | Item | E-mail

Big Bar identifies a large porphyry copper-molybdenum system at its Troy Ranch prospect - More
- February 20, 2008 | Item | E-mail

Canasia Corporate Update - More
- February 20, 2008 | Item | E-mail

Sarissa Orders Preliminary Independent Geological Assessment Report on Lake Nemegosenda Property - More
- February 20, 2008 | Item | E-mail

Typhoon Reports its Best Drilling Results Since 2004 - More
- February 20, 2008 | Item | E-mail

Scandinavian Minerals Starts Infrastructure Construction at Kevitsa Project - More
- February 20, 2008 | Item | E-mail

Gold Intersected at Atna's Clover Project - More
- February 20, 2008 | Item | E-mail

Temex accelerates plans for Timmins Gold Project - $2 million diamond drill budget set for 2008 - More
- February 20, 2008 | Item | E-mail

SRA begins Crushing and Hoisting at Gordonsville Mine in Anticipation of Mill Start-up - More
- February 20, 2008 | Item | E-mail

Midlands Minerals Reports New Resource Estimate Expected on Sian Gold Deposit-Ghana - More
- February 20, 2008 | Item | E-mail

Everton Exploration Update-James Bay & Dominican Republic - More
- February 20, 2008 | Item | E-mail

Alexis Announces Production Decision at Lac Herbin Deposit, Val d'Or, Quebec - More
- February 20, 2008 | Item | E-mail

MetalCORP Intersects High Grade Molybdenum (Mo) - Rhenium (Re) Bearing Quartz Vein on 200 metre Step-Out; 0.29% Mo, 0.6 g/t Re and 1.4 g/t Ag over 11.6 metres - More
- February 20, 2008 | Item | E-mail

Crowflight Options AER Kidd Property in Sudbury; Provides Additional Debt Facility Details - More
- February 20, 2008 | Item | E-mail

Miranda Gold Corp. Announces Termination of Redlich Exploration Agreement - More
- February 20, 2008 | Item | E-mail

Vantex Resources Ltd.: Closing of the Agreement on the Heva Property - More
- February 20, 2008 | Item | E-mail

Grandview Gold Announces High Grade Assays Including 26.66 g/T and Visible Gold at Dixie Lake Property in Red Lake Gold District With Further Assays Pending - More
- February 20, 2008 | Item | E-mail

U.S. Precious Metals Ships Chain of Custody Core - More
- February 20, 2008 | Item | E-mail

Goldmember Minerals Inc. announces receipt of drill permits - More
- February 20, 2008 | Item | E-mail

Probe Mines McFauld's West Project Update - More
- February 20, 2008 | Item | E-mail

Galway Resources reports positive drilling results at the Indian Springs open-pittable project - More
- February 20, 2008 | Item | E-mail

Anglo shuns merger wave - "Miner Anglo American (AAL.L: Quote, Profile, Research) shunned a wave of mergers in the sector on Wednesday as it met forecasts with slightly firmer full-year profits and delayed its key Tarmac disposal due to a global credit crisis.

Anglo, the world's fourth-biggest diversified mining group by market capitalisation, is not tempted to join rivals that have big merger deals in the pipeline, Chief Executive Cynthia Carroll told a results conference call." More
- February 20, 2008 | Item | E-mail

Silverado Gold Mines Ltd. Regarded as... "The Most Competent Underground Placer Drifting Company Active In Alaska Today" - More
- February 20, 2008 | Item | E-mail

Gravity West Cuts More Sulphide Zones and Stakes Additional Ground at Drake Hill Sibley Property - More
- February 20, 2008 | Item | E-mail

Acadian Mining announces normal course issuer bid - More
- February 20, 2008 | Item | E-mail

Anvil Mining Limited - Government Review of Kinsevere and Kulu Mining Rights - More
- February 20, 2008 | Item | E-mail

Century Mining Appoints New Chief Financial Officer - More
- February 20, 2008 | Item | E-mail

Canyon Resources Options Nevada Properties to Golden Predator - "Canyon Resources Corporation (Amex: CAU - News), ("Canyon"), a Colorado-based mining company, has entered into an Option Agreement, whereby Golden Predator Mines US Inc. ("Golden Predator"), a wholly-owned subsidiary of Golden Predator Mines Inc. of Vancouver British Columbia, shall assume Canyon's interest in the advanced stage Adelaide and Tuscarora gold exploration properties (the "Properties") located in Humboldt and Elko Counties in Nevada." More
- February 20, 2008 | Item | E-mail

Aurora's Michelin Uranium Deposit Increases in Size by 20% at Significantly Higher Grades - More
- February 20, 2008 | Item | E-mail

Sparton Begins Drilling Program On New Brunswick Copper-Uranium Project - More
- February 20, 2008 | Item | E-mail

PacBay Identifies Significant Uranium Anomalies at Papaskwasati - More
- February 20, 2008 | Item | E-mail

Hathor Exploration Limited: Expiry of Take Over Bid - More
- February 20, 2008 | Item | E-mail

Bayswater Uranium Launches Winter Drill Program at Collins Bay Extension Project, Athabasca Basin, Saskatchewan - More
- February 20, 2008 | Item | E-mail

Paladin Joint Venture Awarded Angela and Pamela Uranium Deposits in Northern Territory, Australia - More
- February 20, 2008 | Item | E-mail

Silverstone Provides 4 Months Silver Sales and Increases Sales Forecast - "Silverstone Resources Corp. (CDNX:SST.V - News) ("Silverstone") reports sales of 737,000 ounces of silver in 2007. Silverstone previously forecast 2007 silver sales of 700,000 ounces (see October 10, 2007 news release). The additional silver was due to increased production rates at the Cozamin mine. On September 28, 2007, Silverstone completed the purchase of 100% of the life of mine silver from Lundin Mining's Neves-Corvo and Aljustrel mines (see June 6, 2007 press release)." More
- February 20, 2008 | Item | E-mail

New NI 43-101 Resource Estimate Completed for Seabridge Gold's Mitchell Zone - "Seabridge Gold (CDNX:SEA.V - News) (AMEX:SA - News) announced today that Resource Modeling Inc. ("RMI") has completed an updated independent National Instrument 43-101 mineral resource estimate for the Mitchell zone at its 100% owned Kerr-Sulphurets-Mitchell ("KSM") project, located near Stewart, British Columbia, Canada." More
- February 20, 2008 | Item | E-mail

Indonesian cabinet to decide on Newmont mining contract - "The Indonesian cabinet will decide on the mining contract of Newmont Mining Corp.'s (NEM.N: Quote, Profile, Research) local unit if it fails to meet a deadline to wrap up a 10 percent share sale, the energy minister said on Wednesday." More
- February 20, 2008 | Item | E-mail

Anglo American Reports Profit Rise - "Mining company Anglo American PLC on Wednesday reported an 18 percent rise in net profit for 2007 amid strong metals prices and a continued effort to refocus the company on core mining operations." More
- February 20, 2008 | Item | E-mail

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