Gold Seeker Closing Report: Gold Ends Unchanged and Silver Gains Almost 1%

	Close	Gain/Loss
Gold	$948.80	UNCH
Silver	$18.47	+$0.17
XAU	181.97	-1.33%
HUI	452.41	-1.48%
GDM	1361.22	-1.68%
JSE Gold	2536.15	+23.39
USD	71.70	+0.25
Euro	157.87	-0.23
Yen	100.17	-0.50
Oil	$107.58	+$1.68
10-Year	3.534%	+0.040
T-Bond	118.171875	-0.640625
Dow	12302.46	-0.97%
Nasdaq	2280.83	-1.87%
S&P	1325.76	-1.15%

Gold rose to $953.30 in Asia before it fell nearly 1% to $940.20 in New York shortly after decent economic data gave the dollar a bounce, but the yellow metal then rallied back higher into the close and ended unchanged on the day. Silver fell to as low as $17.927 in early New York trade, but it then rallied higher for the rest of the day and ended at its high of the session with a gain of 0.93%.

Euro gold fell to about €601, platinum gained $46 to $2036, and copper gained over 15 cents to about $3.90.

Gold and silver equities fell over 1% about an hour into trade before they rallied back near unchanged by mid-afternoon, but they then fell back off with the major indices in the last hour of trade and ended with over 1% losses.

Report	For	Reading	Expected	Previous
GDP	Q4	0.6%	0.6%	0.6%
Chain Deflator	Q4	2.4%	2.7%	2.7%
Initial Claims	3/22	366K	371K	375K

Tomorrow at 8:30AM EST brings Personal Income for February expected at 0.3%, Personal Spending expected at 0.1%, and Core PCE Inflation expected at 0.1%. At 10AM is Michigan Sentiment for March expected at 70.0.

The U.S. dollar index rose and treasuries fell after economic data did not disappoint this morning as it has done so often recently. Those moves continued after the first auction of “the Federal Reserve's $75 billion Term Securities Lending Facility showed that banks were not in dire need of funding.”

The Dow, Nasdaq, and S&P traded mostly lower despite good economic data and a decent TSLF auction as concerns over more financial writedowns and a poor IT spending outlook from Oracle kept investors worried.

Among the big names making news in the market today were ConAgra, Clear Channel, Merrill, UBS, American Express and GE, Oracle, and Paccar.

“April Gold finished down 0.4 at 948.8, 1.2 off the high and 8.8 up from the low.

May Silver closed up 0.167 at 18.55. This was 0.54 up from the low and 0.01 off the high.

The gold market waffled around unchanged throughout the trading session with the market seemingly throwing off morning weakness to forge a weak rally in early afternoon trade. Perhaps weakness in the second set of US scheduled data served to weaken the US Dollar or perhaps the gold market was supported in the wake of a long list of statements from the US Fed. In fact, two Fed members were out with what could have been considered somewhat surprising dialogue. The Fed was certainly attempting to calm concerns but with the dialogue attempting to dialogue the magnitude of the capital commitment in Bear Stearns it was clear that the Fed was aware of the seriousness of the US financial situation. The Fed also suggested that US financial firms that pose "systemic" risk must be watched and with the Fed also conceding that house sale stabilization continues to be a very critical objective, it is possible that the flight to quality players in gold were emboldened in their interest in gold.

Silver also waffled around both sides of unchanged like gold for the first half of the trading session but mounted a somewhat impressive early afternoon rally. Apparently the silver market did see some support from the slightly better than expected early US numbers but perhaps the silver market ultimately saw support from the all day strength in copper and platinum prices. Perhaps the silver market also saw support from an early afternoon weakening in the US Dollar.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The JSE added 0.25 tonnes.

Note: Change in Total Tonnes from yesterday’s data: 3.07 tonnes were removed from the trust.

Newmont’s (NEM) lower output in Indonesia, Richmont’s (RIC) completed property acquisition, Barrick’s (ABX) investment in Allied Gold, Keegan’s (KNG) property acquisition, Eldorado’s (EGO) 2007 financial results, Fury’s (FUR.V) mill manager search, and Hecla’s (HL) Senior Vice President 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.

Ascendant Copper Completes Acquisition of St. Genevieve Resources - More
- March 27, 2008 | Item | E-mail

Minera Andes provides San Jose mine update - More
- March 27, 2008 | Item | E-mail

Lakota Resources Retains Services of The Buick Group - More
- March 27, 2008 | Item | E-mail

Golden Dawn Minerals Inc. Announces Non-Brokered Private Placement - More
- March 27, 2008 | Item | E-mail

Geoinformatics Reports Extensive Zinc-Silver-Gold Mineralization at Los Chinos, Mexico from Joint Venture Drilling - More
- March 27, 2008 | Item | E-mail

Canadian Mining Company Signs Formal Option Agreement with Exploraciones San Bernardo S.A. de C.V. - More
- March 27, 2008 | Item | E-mail

CZM Acquires TAG Gold/Silver Property - More
- March 27, 2008 | Item | E-mail

Copper Fox Metals Inc. - First Quarter Results - Three Months Ended January 31, 2008 - More
- March 27, 2008 | Item | E-mail

Buffalo Arranges Convertible Debt Financing With Longview Capital Partners - More
- March 27, 2008 | Item | E-mail

First Nickel Reports Financial and Operating Results For the Year Ended December 31, 2007 - More
- March 27, 2008 | Item | E-mail

Campbell Resources announces fiscal 2007 financial results - Achievements in 2007 establish solid base for growth - More
- March 27, 2008 | Item | E-mail

Gryphon to Report New Resource Calculation End of April 2008 - More
- March 27, 2008 | Item | E-mail

B2Gold Corp. Update on Colombian Exploration - More
- March 27, 2008 | Item | E-mail

Tamerlane Intersects 25.53% Combined Lead-Zinc Over 158 Feet (48 Meters) - More
- March 27, 2008 | Item | E-mail

Wallbridge Mining Announces JV with Vale Inco and Xstrata Nickel - More
- March 27, 2008 | Item | E-mail

Uranium Bay Receives Assay Results From Fall Campaign on the Uskawanis Uranium Property - More
- March 27, 2008 | Item | E-mail

Fury Initiates Search for Mill Manager - "Fury Explorations Ltd. (the "Company") (CDNX:FUR.V - News) reports that it has retained recruiting firm Downing Teal Inc. of Denver, Colorado, to conduct the search for a general manager for the Company's Taylor Mine and Mill near Ely, Nevada." More
- March 27, 2008 | Item | E-mail

Richmont Mines and Mountain Lake Complete Acquisition of Valentine Lake Gold Property in Central Newfoundland - "Richmont Mines Inc. (Toronto:RIC.TO - News) (AMEX:RIC - News) ("Richmont") and Mountain Lake Resources Inc. (CDNX:MOA.V - News) ("Mountain Lake") are pleased to report that they have fulfilled all requirements to exercise the Option Agreement dated July 13, 1998, as amended, with Xstrata Copper, one of the commodity business units within Xstrata plc (LSE:XTAL.L - News) (CHF: XTAN), to acquire an undivided 100% interest in the Valentine Lake Property, Newfoundland and Labrador (the "Property")." More
- March 27, 2008 | Item | E-mail

Kakanda to Begin Diamond Drilling in its 100% Gateau Property in the Otish Basin, Quebec, Canada - More
- March 27, 2008 | Item | E-mail

Copper Reef Intersects 175 Ft Near Solid Sulphides Within 213 Ft of Mineralization - More
- March 27, 2008 | Item | E-mail

Century Mining Announces Up To C$4.5 Million In Flow-Through And Unit Financings - More
- March 27, 2008 | Item | E-mail

Global Finishing Inc.: Nomination to the Board of Directors and Corporate Update - More
- March 27, 2008 | Item | E-mail

Puma Exploration: 17,000 Metres of Drilling Under Way at Nicholas-Denys - More
- March 27, 2008 | Item | E-mail

Yale Announces That Geophysics Confirms Depth Potential for Drill Targets at Urique North - More
- March 27, 2008 | Item | E-mail

MetalCORP Discovers More Platinum & Palladium on the NORTH ROCK Project; Deep hole intersects 4.0 g/t Pd, 0.3 g/t Pt, 1.0% Cu and 0.4% Ni over 3.8 metres - More
- March 27, 2008 | Item | E-mail

GoldSpring Reports Positive Assay Results for Exploratory Drill Holes Eight and Nine - More
- March 27, 2008 | Item | E-mail

ANDINA: Volcan Project Drilling Returns 544 Metres Grading 0.88 g/t Gold - More
- March 27, 2008 | Item | E-mail

Tecton Corporation Announces Shareholder Update and Overview - More
- March 27, 2008 | Item | E-mail

Merrex Siribaya Drilling Intersects 3.89 g/t Au over 30 Metres - More
- March 27, 2008 | Item | E-mail

SLAM Exploration Ltd.: Drilling Underway at Ontario Gold Project - More
- March 27, 2008 | Item | E-mail

Update on proposed combination with Royal Roads Corp. - More
- March 27, 2008 | Item | E-mail

2008 exploration plans for Labrador nickel projects - More
- March 27, 2008 | Item | E-mail

Update on proposed combination with Buchans River Ltd. - More
- March 27, 2008 | Item | E-mail

Wave Uranium Names Elite Financial Communications Group as New Investor and Media Relations Counsel of Record - More
- March 27, 2008 | Item | E-mail

AXMIN Inc.: Measured and Indicated Resources Increase 17% at Passendro Gold Project, Central African Republic - More
- March 27, 2008 | Item | E-mail

Golden Phoenix Reports Completion of NI 43-101 Technical Report and Feasibility Study - Ashdown Project LLC, Humboldt County, NV - More
- March 27, 2008 | Item | E-mail

Alberta Star Intersects 6.0 Meters of 1.36% Zinc and 0.41% Lead Including 1.50 Meters of 3.12% Zinc and 0.97% Lead at Echo Bay, NT - More
- March 27, 2008 | Item | E-mail

Kola Intersects 124 Metres of 0.34% Nickel and 190 Metres of 0.28% Nickel - More
- March 27, 2008 | Item | E-mail

CGA Mining Limited - Announcement to the Australian Securities Exchange and Toronto Stock Exchange - More
- March 27, 2008 | Item | E-mail

First Gold to Start a Follow-Up Diamond Drill Program at Croinor - More
- March 27, 2008 | Item | E-mail

Avnel Gold announces appointment of Chief Operating Officer - More
- March 27, 2008 | Item | E-mail

Farallon's 2008 Exploration Program Commences, Drilling Targets Discovery of Other G-9-Style Deposits - More
- March 27, 2008 | Item | E-mail

General Metals Discusses 2007 Exploration Program Results and Plans for 2008 Negotiates Drill for All of 2008 - More
- March 27, 2008 | Item | E-mail

Bruce Ontario Bruce 6 reactor back in service - More
- March 27, 2008 | Item | E-mail

El Nino appoints senior geologist to head its exploration program in the Democratic Republic of Congo - More
- March 27, 2008 | Item | E-mail

Ontex Resources Mobilizes Drill to 629,000 Oz Brookbank Gold Property - More
- March 27, 2008 | Item | E-mail

Melkior Acquires 50% of 1500 McFauld's Area Claim Units - More
- March 27, 2008 | Item | E-mail

Completion of NI 43-101 Technical Report and Feasibility Study Ashdown Project LLC, Humboldt County NV - More
- March 27, 2008 | Item | E-mail

FNX Earns a Record $110 Million in 2007 - More
- March 27, 2008 | Item | E-mail

GBS Gold's Cosmo Deeps Project Feasibility Study and Mineral Reserve Estimate - More
- March 27, 2008 | Item | E-mail

Golden Arrow Intersects 61m at 3.04 g/t Gold and 7.16 g/t Silver on Poncha Project, Argentina - More
- March 27, 2008 | Item | E-mail

Colorado Goldfields Hires Geological Engineer/Project Manager - Mexico - More
- March 27, 2008 | Item | E-mail

Great Western Minerals Group Updates Progress on Preliminary Economic Assessment Report - More
- March 27, 2008 | Item | E-mail

First Uranium receives consent to transfer the mining right for the Ezulwini Mine from its parent Simmer and Jack Mines - More
- March 27, 2008 | Item | E-mail

Bannerman to List on the Namibian Stock Exchange - More
- March 27, 2008 | Item | E-mail

Cue Resources Ltd. Reports High Uranium Recoveries From Metallurgical Testing at the Yuty Uranium Project, Paraguay - More
- March 27, 2008 | Item | E-mail

Barrick to invest up to A$35m in Allied Gold - "Shares in Allied Gold jumped more than 15% after Barrick Gold, the world’s largest gold producer, agreed to invest up to A$35m in the company and its Papua New Guinean operations." More
- March 27, 2008 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividends on Common and Preferred Stocks - "Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) today declares the following quarterly cash dividends payable on May 1, 2008 to holders of record as of April 15, 2008: $0.4375 per share of FCX’s Common Stock (NYSE: FCX - News). $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred Stock (NYSE: FCXprM - News). $13.75 per share of FCX’s 5½% Convertible Perpetual Preferred Stock." More
- March 27, 2008 | Item | E-mail

Bayswater Launches Corporate Video - More
- March 27, 2008 | Item | E-mail

Keegan Triples Esaase Land Package With Acquisition of Southwest Adjacent Property - "The Jeni Concession lies directly to the southwest and contiguous to the Esaase Gold property, where Keegan previously announced a resource of 1.67 M oz of gold (see Keegan news release of October 25, 2007), as well as numerous additional exploration successes on the same and parallel structures since that time. Keegan has been awarded the concession by the Bonte Liquidation Committee and Ghana Mineral Commission by virtue of its potential to develop both concessions in the context of a large open pit lode mine as well as Keegan's excellent community relations and development efforts in the Bonte River drainage, which already encompass the villages on the Jeni River Concession." More
- March 27, 2008 | Item | E-mail

Hecla Appoints Senior Vice President - "Hecla Mining Company (NYSE:HL - News) is pleased to announce the addition of James A. Sabala to its executive management team. Sabala has been appointed to the position of Senior Vice President for Hecla, effective immediately. Sabala has 27 years of experience in the mining industry." More
- March 27, 2008 | Item | E-mail

Eldorado Gold Corporation: 2007 Financial Results - "2007 will be remembered as a year characterized by our great satisfaction with the performance of our two new mines where we increased our production by 107% and reduced our costs by 27% and a year of successfully navigating the challenges of having a mine temporarily closed under an injunction. With the March 6, 2008 re-opening of Kisladag and a successful year of operations at Tanjianshan we look forward to continuing our growth strategy," said Paul N. Wright, President and Chief Executive Officer. More
- March 27, 2008 | Item | E-mail

Newmont Indonesia unit sees lower copper,gold output - "U.S. mining group Newmont Mining Corp. (NEM.N: Quote, Profile, Research) said on Thursday that copper and gold output from its Indonesian unit may be lower this year because it is mining lower grade ores.

PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in Sumbawa, eastern Indonesia, expects to produce 345-365 million pounds of copper ore this year, a fall of around 22 percent from 453 million pounds in 2007, Rubi Purnomo, the company's spokesman, said." More
- March 27, 2008 | Item | E-mail

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