Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%

	Close	Gain/Loss
Gold	$991.95	+$12.85
Silver	$20.33	+$0.40
XAU	205.38	+3.49%
HUI	507.54	+3.70%
GDM	1536.29	+3.82%
JSE Gold	2736.46	+93.27
USD	71.99	-0.35
Euro	155.66	+0.48
Yen	98.79	+0.72
Oil	$110.33	+$0.41
10-Year	3.534%	+0.051
T-Bond	119390625	-0.625
Dow	12145.74	+0.29%
Nasdaq	2263.61	+0.88%
S&P	1315.48	+0.51%

Gold rose throughout world trade and climbed to a new record intraday high at $999.75 by about 10:40AM EST before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 1.3% at a new record closing high. Silver climbed to as high as $20.872 by about 8AM EST before it also fell back off into the close, but it still ended with a gain of 2% and closed just 31 cents away from setting a new 27 year closing high.

Euro gold rose to about €637, platinum gained $30 to $2090.50, and copper fell slightly to about $3.84.

Gold and silver equities rose over 3% at the open to new record highs and remained near those highs into the close.

Report	For	Reading	Expected	Previous
Retail Sales	Feb	-0.6%	0.2%	0.5%
Retail Sales ex-auto	Feb	-0.2%	0.2%	0.5%
Initial Claims	3/08	353K	355K	353K
Import Prices	Feb	0.2%	0.6%	1.6%
Import Prices ex-oil	Feb	0.6%	-	0.7%
Export Prices	Feb	0.9%	-	1.2%
Export Prices ex-ag.	Feb	0.5%	-	0.8%
Business Inventories	Jan	0.8%	0.5%	0.7%

Tomorrow at 8:30AM EST brings CPI for February expected at 0.3% and Core CPI expected at 0.2%. At 10AM is Michigan Sentiment for March expected at 69.5.

Oil touched $111 before it fell back off a bit, but it still made another new record closing high as the U.S. dollar index fell to another new record low on continued worries about financial failures and a recession in the US. The dollar dropped below 100 yen for the first time in 12 years, sank to a new record low versus the euro, and approached parity with the Swiss franc for the first time ever.

Treasuries rose and the Dow, Nasdaq, and S&P fell about 2% in morning trade on the poor Retail Sales report and on financial worries as Carlyle Group admitted it's close to collapse, but bonds turned lower and stocks climbed by higher mid-afternoon after a poor 10-year auction and after Barney Frank “unveiled plans to increase government efforts to prevent foreclosures amid the worst housing slump in a quarter century.”

Among the big names making news in the market today were Carlyle Group, VW, Electronic Arts and Take-Two, and Expedia.

“April Gold finished up 13.3 at 993.8, 7.2 off the high and 1 up from the low.

May Silver closed up 0.425 at 20.42. This was 0.01 up from the low and 0.465 off the high.

The gold market did manage to rise above the critical psychological even number price zone of $1,000 an ounce but the market was initially unable to hold that key technical area. Certainly seeing the Dollar recoil from its lows, seeing crude oil fall back from its highs and seeing a ratings agency hint at a possible upcoming end to the pattern of sub-prime write downs tempered flight to quality concerns and that in turn seemed to take some of the speculative buying interest out of the gold market. However, given the multiple ongoing threats from the US financial sector, it would not seem like anxiety will be easily deflated.

The silver market mostly followed the gold market throughout the trading session but early in the session Thursday silver seemed to be outperforming gold. With the US equity market managing a bounce and the Dollar also managing a recovery it wasn't surprising to see silver prices fall back from their initial highs. Certainly seeing copper prices under pressure and seeing crude oil fade from its highs gave off the impression of a profit taking wave in a host of physical commodity markets and that might have prompted some silver longs to bank profits.”- The Hightower Report, Futures Analysis and Forecasting

	Product name	Total Tonnes	Total Ounces	Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX)	StreetTRACKS Gold Shares	652.48	20,977,756	US$ 20,460m
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )	Gold Bullion Securities	112.85	3,628,204	US$ 3,613m
Australian Stock Exchange (ASX)	Gold Bullion Securities	19.57	628,800	US$ 626m
Johannesburg Securities Exchange (JSE)	New Gold Debentures	28.12	904,099	US$ 881m

Note: Change in Total Tonnes from yesterday’s data: The ASX added 0.18 tonnes and the JSE added 0.74 tonnes.

Profile as of 3/12/2008
Total Net Assets	$1,967,313,423	Ounces of Gold in Trust	2,010,183.086
Shares Outstanding	20,350,000	Tonnes of Gold in Trust	62.52

Profile as of 3/12/2008
Total Net Assets	$3,445,137,096	Ounces of Silver in Trust	174,908,876.800
Shares Outstanding	17,650,000	Tonnes of Silver in Trust	5,440.27

Paramount’s (PZG) trading halt, Imperial’s (III.TO) drill results, Solitario’s quadrupled land holding, Newmont’s (NEM) and Freeport’s (FCX) mines in Indonesia, Canyon’s (CAU) approved merger with Atna, Sterling’s (SRLM.OB) ribbon-cutting ceremony, Oro Silver’s (OSR.V) drill results, Silvercorp’s (SVM.TO) exploration and development programs, and Coeur’s (CDE) debt offering 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.

Paramount Gold And Silver Corp. to Address Temporary Trading Suspension - "The Board of Directors of Paramount Gold and Silver Corp. (Toronto:PZG.TO - News)(AMEX:PZG - News)(Frankfurt:P6G.F - News)(WKN: A0HGKQ) (the "Company") met today to address the temporary suspension in trading of the Company's shares of common stock today by the United States Securities and Exchange Commission ("SEC"). The suspension was announced in a SEC news release today which states that trading will be suspended until 11:59 p.m. E.T. on March 27, 2008. As a result of the SEC's actions, the Company's shares have been temporarily suspended for trading on AMEX." More
- March 13, 2008 | Item | E-mail

Verena Minerals Announces Private Placement With Sprott Securities - More
- March 13, 2008 | Item | E-mail

Canyon Resources Announces Shareholder Approval of the Merger With Atna Resources - "Canyon Resources Corporation ("Canyon") (Amex: CAU - News). On March 13, 2008, Canyon Resources Corporation, a Colorado based mining company, held a special stockholder meeting. The stockholders voted to approve and adopt the Agreement and Plan of Merger dated November 16, 2007, by and among Atna Resources Ltd. ("Atna"), a wholly owned subsidiary of Atna, and Canyon (the "Merger"). The Merger is expected to be complete after the close of business on March 18, 2008." More
- March 13, 2008 | Item | E-mail

Platinum Group Metals Amends November 30, 2007 MD&A - More
- March 13, 2008 | Item | E-mail

CMP Gold Trust Invests in Cadiscor Resources - More
- March 13, 2008 | Item | E-mail

Imperial Reports Extension of 144 Zone at its Sterling Property - "Imperial Metals Corporation (Toronto:III.TO - News) reports underground drilling at Sterling has confirmed the presence of significant gold mineralization east of the latite dike that previously defined the eastern boundary of the 144 Zone." More
- March 13, 2008 | Item | E-mail

Radisson Mining Announces Closing of Private Placement - More
- March 13, 2008 | Item | E-mail

ATW to Acquire Gullewa Gold Mine - More
- March 13, 2008 | Item | E-mail

Metals Creek Resources Corp. (Formerly, the Endurance Fund Corp.) Announces the Acceptance of its Name and Trading Symbol Change - More
- March 13, 2008 | Item | E-mail

MacDonald Mines Defines 20km-Long Zone with Multiple Magnetic and/or Electromagnetic Targets - More
- March 13, 2008 | Item | E-mail

North American Gem Inc. - Higher Grade Copper/Gold Zone Confirmed by early results from the 2008 Louise Lake Diamond Drilling Program - More
- March 13, 2008 | Item | E-mail

Engineering and Mine Planning Underway at Kinbauri's El Valle Project - More
- March 13, 2008 | Item | E-mail

Carpathian Gold Provides Update on the Acquisition of the Riacho Dos Machados Gold Project, Brazil - More
- March 13, 2008 | Item | E-mail

Portage Minerals Announces Issuance of Convertible Promissory Note - More
- March 13, 2008 | Item | E-mail

Guyana Goldfields Reports Wide Gold Intercepts at North Aleck Hill - More
- March 13, 2008 | Item | E-mail

Benton Completes Option and Joint Venture Agreement with Marathon - More
- March 13, 2008 | Item | E-mail

Royal Roads updates mineral resource at Daniels Pond - More
- March 13, 2008 | Item | E-mail

Marathon Completes Option and Joint Venture Agreement with Benton Resources - More
- March 13, 2008 | Item | E-mail

Mexoro Minerals Discovers New Areas of Mineralization at Its Cieneguita Project - More
- March 13, 2008 | Item | E-mail

High Desert Gold Corporation Drills Into Porphyry Copper-Molybdenum System at Gold Lake, New Mexico - More
- March 13, 2008 | Item | E-mail

Lincoln Gold Begins Core Drilling at La Bufa, Chihuahua, Mexico - More
- March 13, 2008 | Item | E-mail

Sea Green Capital Corp. Updates Drilling and Exploration Results - More
- March 13, 2008 | Item | E-mail

Escondoro Resources Ltd. Announces the Filing of an Amended and Restated Prospectus in Connection With its Initial Public Offering - More
- March 13, 2008 | Item | E-mail

Merrex Siribaya Drilling Intersects 4.83 g/t Au over 21.5 Metres - More
- March 13, 2008 | Item | E-mail

Robex appointment of Alexander Platt - More
- March 13, 2008 | Item | E-mail

Golden Harp Resources discovers new gold zone peripheral to historical Cook Zone; preliminary results returned 5.21 g/t au - More
- March 13, 2008 | Item | E-mail

Uranium Bay Receives Namibian Projects Technical Review - More
- March 13, 2008 | Item | E-mail

Yale Completes Preliminary Metallurgical Studies at La Verde Grande - More
- March 13, 2008 | Item | E-mail

Centrasia Mining Corp.: Cary Pinkowski to Become President and C.E.O. - More
- March 13, 2008 | Item | E-mail

North American Palladium Appoints Vice President Exploration - More
- March 13, 2008 | Item | E-mail

Soltera Mining Corp. Acquires Interest in Argentinean Copper-Gold Property - More
- March 13, 2008 | Item | E-mail

Murgor discovers a new extension of the copper-gold resource closer to surface at the Wim deposit in Manitoba - More
- March 13, 2008 | Item | E-mail

Pacific Cascade signs drill contact for Phase I program on Brewster Lake claims - More
- March 13, 2008 | Item | E-mail

SIRIOS: Diamond Drilling on Aquilon Gold Property, James Bay, Quebec - More
- March 13, 2008 | Item | E-mail

Anaconda Announces Changes to Management Team - More
- March 13, 2008 | Item | E-mail

Golden Tag Announces Commencement of Drill Program on Aquilon Main Gold Property, James Bay, Quebec - More
- March 13, 2008 | Item | E-mail

Lakota announces joint venture with MDN Inc. on the Ikungu Property in Tanzania - More
- March 13, 2008 | Item | E-mail

Colorado Goldfields Inc. Announces Letter of Intent to Acquire 75% Interest in Producing Mexican Silver Company - More
- March 13, 2008 | Item | E-mail

Amador Gold Intersects 45 Metres of 1.45% Combined Nickel-Copper and Acquires Moneta Porcupine Mines' Hollinger Nickel-Copper Occurrence - More
- March 13, 2008 | Item | E-mail

General Moly Continues to Place Long-Lead Equipment Orders - More
- March 13, 2008 | Item | E-mail

Zincore Promotes Vernon Arseneau to Vice President, Exploration - More
- March 13, 2008 | Item | E-mail

Freegold Step-Out Drilling Continues to Intersect New Gold/Moly Occurrences at Surface and Depth - More
- March 13, 2008 | Item | E-mail

Advanced Explorations Intersects 176m Grading 31% Fe - More
- March 13, 2008 | Item | E-mail

Uranium One mum on report of South Africa job cuts - More
- March 13, 2008 | Item | E-mail

Golden Patriot Corp. Moves Forward with Uranium Project - More
- March 13, 2008 | Item | E-mail

Sterling Mining to Host Ribbon Cutting Ceremony to Commemorate Production at the Sunshine Mine - "Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) will be hosting a ribbon-cutting ceremony Wednesday, March 26, 2008, to formally celebrate the Sunshine Mine's return to production, which occurred in December 2007. Sterling Mining is encouraging community members to join team members, associates, shareholders, media and local state and business leaders at the ceremony. The ceremony will begin at 4 p.m. at the Sunshine Mine in Kellogg, Idaho." More
- March 13, 2008 | Item | E-mail

S.Africa says mine output slides after power cuts - "Mining production in South Africa, the world's largest platinum producer, fell 16.5 percent in January after power shortages closed mines for five days in January, Statistics South Africa said on Thursday.

Gold production plunged 16.5 percent in January, compared to the same month last year, sharpening a downward trend that saw South Africa lose its status as the world's top producer for more than a century to China last year." More
- March 13, 2008 | Item | E-mail

Oro Silver Reports 1,035.0 g/t Silver From Sampling at Vetagrande Mine, Zacatecas, Mexico - "Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR - News) has received encouraging results from its ongoing surface and underground channel/chip sampling program at the Vetagrande mine, Zacatecas, Mexico. The sampling demonstrates the potential for high silver grades from four veins on the property, including the Veta Grande vein with over 1.9 kilometres of strike length." More
- March 13, 2008 | Item | E-mail

Solitario Resources Quadruples Pedra Branca Platinum-Palladium Land Holdings to 178,514 Hectares - "Solitario Resources Corporation (AMEX:XPL - News) (TSX:SLR - News) announced that it has quadrupled its land holding on the Pedra Branca platinum-palladium ("PGM") project to 178,514 hectares and received notice that its joint venture partner, Anglo Platinum, has elected to fund Solitario's $1.5 million 2008 exploration program. The Pedra Branca project is an advanced exploration project that hosts four defined PGM deposits in the northeastern part of Brazil. To date a total of 243 drill holes have been completed on the project." More
- March 13, 2008 | Item | E-mail

$50 Million Exploration and Development Program Budgeted for Silvercorp's Projects in China for Fiscal 2009 - "Silvercorp Metals Inc. ("Silvercorp") (Toronto:SVM.TO - News) announces that its three operating subsidiaries in China (77.5% owned joint venture company, Henan Found Mining Co. Ltd. for the Ying and TLP Mines; 70% owned Henan Hua Wei Mining Co. Ltd. for the HPG and LM Mines, and 82% owned Qinghai Found Mining Co. Ltd. for the Na Bao Project) have planned extensive exploration and development programs with a budget at US$50 million for fiscal 2009, starting April 1, 2008." More
- March 13, 2008 | Item | E-mail

Coeur D'Alene Lifts Debt Offer to $200M - "Silver producer Coeur d'Alene Mines Corp. said Thursday it increased the size of a debt offering to $200 million from $150 million and announced the pricing of the notes." More
- March 13, 2008 | Item | E-mail

Indonesian miners urge local control of Koba Tin - "Local miners in Indonesia's main tin-producing islands on Thursday urged the regional government to seize control of PT Koba Tin, the country's second-biggest smelter, for the benefit of the local community.

As Indonesia seeks to step up control over its natural resources, Jakarta wants several international mining firms, including Newmont Corp. (NEM.N: Quote, Profile, Research) and Freeport McMoRan Copper & Gold (FCX.N: Quote, Profile, Research), to speed up divestment of their stakes in their Indonesian mining ventures." More
- March 13, 2008 | Item | E-mail

Barrick Completes Chilean Acquisition - "Canadian gold mining company Barrick Gold Corp. said Thursday it bought all remaining shares of Arizona Star Resource Corp., which holds a majority stake in Chilean gold and copper deposits. Arizona Star owns a 51 percent stake in Cerro Casale, one of the world's largest undeveloped gold and copper deposits, Barrick said." More
- March 13, 2008 | Item | E-mail

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