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

	Close	Gain/Loss
Gold	$922.55	+$13.25
Silver	$18.075	+$0.365
XAU	184.71	+0.02%
HUI	451.79	+0.27%
GDM	1360.06	+0.46%
JSE Gold	2442.12	+13.01
USD	72.20	+0.23
Euro	157.07	-0.23
Yen	97.60	-0.91
Oil	$109.09	+$2.86
10-Year	3.556%	+0.075
T-Bond	118.34375	-0.765625
Dow	12612.43	+0.02%
Nasdaq	2364.83	-0.26%
S&P	1372.54	+0.16%

Gold traded slightly higher above $910 in Asia and climbed over $915 in London before it rose to as high as $929.27 by late morning in New York and then fell back off slightly in the last couple of hours of trade, but it still ended with a gain of 1.5%. Silver briefly dipped to $17.69 in Asia before it rallied higher in London and New York and ended near its late morning high of $18.233 with a gain of 2.1%.

Euro gold rose to about €587, platinum gained $25.50 to $2030.50, and copper gained roughly 4 cents to about $3.99.

Gold and silver equities rose a little over 2% by late morning, but they then fell back off in afternoon trade and ended with just slight gains.

Report	For	Reading	Expected	Previous
Consumer Credit	Feb	$5.2B	$6.0B	$10.3B

Tomorrow at 10AM EST is the Pending Home Sales report for February expected at -1.0% and at 2PM is the release of FOMC minutes from the fed’s March 18 meeting.

Oil rose nearly $3 as OPEC stated there was no need to change output levels and refinery troubles in Europe increased supply concerns.

The U.S. dollar index rose and treasuries fell as markets remained calm with no more bad news or credit concerns coming out over the weekend.

The Dow, Nasdaq, and S&P rose in morning trade on various company deal making news, but all three indices fell back off in afternoon trade and ended near unchanged on worries over upcoming earnings reports.

Among the big names making news in the market today were Motorola, Novartis and Nestle, Washington Mutual, Bear Stearns, Goldman Sachs, and Yahoo and Microsoft.

May Silver closed up 0.365 at 18.12. This was 0.31 up from the low and 0.13 off the high.

The gold market started out positive but then managed to add aggressively to the initial gains well ahead of mid session. While the market backed away from the early highs in the early afternoon action, it was clear that gold traders were discounting the strength in the Dollar. Certainly seeing such conclusive strength in energy prices gave the bull camp confidence, but seeing the equity market also extend its recent pattern of strength really began to downplay the threat of too much slowing. In fact, in the face of a somewhat broad based physical commodity buying wave, some traders were suggesting that classical inflationary psychology was partly behind the strength in gold prices.

With a big range up extension silver prices managed to outperform the rest of the metals complex for most of the trading session Monday. In fact, seeing silver clearly outperform the copper market on an up day in the metals complex certainly suggests a change of pace from the last two week's action. Apparently flight to quality concerns and the action in the US Dollar were replaced as the primary force driving silver prices, as silver prices seemed to take most of their direction from the energy complex.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: 77.01 tonnes were added to the trust.

Aurelian’s (ARU.TO) board member stepping down, Centerra’s (CG.TO) mine back in operation, Vista’s (VGZ) project sale, Gammon Gold’s (GRS) production guidance, Great Basin’s (GBN) completed acquisition of Rusaf, Endeavour’s (EXK) 2007 results, Golden Tag’s (GOG.V) and ECU’s (ECU.TO) drill results, Bear Creek’s (BCM.V) drill results, and Arian Silver’s (AGQ.V) 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.

Vanguard Acquires Second Uranium Prospect -- Geophysics Indicates Potential for Athabasca Unconformity-Type Uranium Deposits - More
- April 07, 2008 | Item | E-mail

Wega Mining Completes Compulsory Acquisition of Goldbelt Resources - More
- April 07, 2008 | Item | E-mail

CORRECTION FROM SOURCE: Alexis-90.77 Grams Gold Per Ton Over 1.7 Metres in New Delineation Drilling as Alexis Advances Lac Herbin Towards Production - More
- April 07, 2008 | Item | E-mail

Hawk Uranium Inc.: VTEM Airborne Survey Completed Over Charlebois Lake Uranium Project - More
- April 07, 2008 | Item | E-mail

Explor Resources Grants Stock Options - More
- April 07, 2008 | Item | E-mail

Taranis Engages Kingsdale Capital to Raise $2,000,000 By Way of Private Placement - More
- April 07, 2008 | Item | E-mail

Emgold Mining announces the appointment of Chief Financial Officer - More
- April 07, 2008 | Item | E-mail

Volta Resources Commences a 2,400m RC Drilling Program at Kampti Gold Project, Burkina Faso - More
- April 07, 2008 | Item | E-mail

Stingray Consultants Full Speed Ahead on Feasibility Study at El Pilar, Mexico - More
- April 07, 2008 | Item | E-mail

Millstream Uncovers 11 Zones of Stacked Mineralization At VMS Potter Mine Property - More
- April 07, 2008 | Item | E-mail

Phoenix Matachewan Mines: Infinitem Geophysics Starts at Barville - More
- April 07, 2008 | Item | E-mail

Goldcorp Declares Fourth Monthly Dividend Payment for 2008 - "GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) is pleased to declare its fourth monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 17, 2008 will be entitled to receive payment of this dividend on Friday, April 25, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003." More
- April 07, 2008 | Item | E-mail

Update on Progress on Mega's Uranium Resource Development Projects - More
- April 07, 2008 | Item | E-mail

Baja Mining Provides Clarification - More
- April 07, 2008 | Item | E-mail

Teck and Inmet to Proceed With Petaquilla Copper Project - More
- April 07, 2008 | Item | E-mail

Sherwood Copper and Western Keltic Announce Planned Business Combination - More
- April 07, 2008 | Item | E-mail

Cadillac Ventures Inc.: Burnt Hill Technical Report Update - More
- April 07, 2008 | Item | E-mail

Tecton Corporation Acquires Past Producing Uranium Mine in Eastern Utah - More
- April 07, 2008 | Item | E-mail

Etruscan's Youga Gold Mine recovers 2600 ounces in first month of operation - More
- April 07, 2008 | Item | E-mail

Lexam Explorations Inc.: Otish Uranium Exploration Update - More
- April 07, 2008 | Item | E-mail

Caledonia Signs Formal Agreements for Sale of Barbrook and Eersteling Mines - More
- April 07, 2008 | Item | E-mail

Radius Gold Provides an Exploration Update - More
- April 07, 2008 | Item | E-mail

Marifil Mines Ltd.: San Roque Base Metal Deposit Now 1,700m by 2,500m & Open Ended - More
- April 07, 2008 | Item | E-mail

Armistice Resources Corp. releases sampling results and project update - More
- April 07, 2008 | Item | E-mail

New Copper/Molybdenum Mineralization Intersected at Okeover; Highlights include 39.7 metres grading 0.045% MoS(2) and 0.27% Cu within 63 metres of surface - More
- April 07, 2008 | Item | E-mail

Romios Announces Results of Airborne Geophysical Survey Over Its "JW" Property, Northwestern British Columbia - More
- April 07, 2008 | Item | E-mail

Alexis-90.77 Grammes Gold Per Ton Gold Over 2.5 Metres in New Delineation Drilling as Alexis Advances Lac Herbin Towards Production - More
- April 07, 2008 | Item | E-mail

Stroud Intersects 220.24(g/t) Silver, 0.63(g/t) Gold and 1.77% Zinc Over 15.0 Metres - More
- April 07, 2008 | Item | E-mail

Drill Moved Onto the Loveland Property & Spin Off Update - More
- April 07, 2008 | Item | E-mail

World's biggest copper mine to grow even more - "Smoke and debris rocket into the air, then the ground shakes as far as 600 meters away. Seconds later, a boom rings out as explosives pulverize 190,000 tonnes of rock near the base of Chile's Andes mountains." More
- April 07, 2008 | Item | E-mail

Aurelian Board Member Steps Down - "We're very appreciative of Keith's contributions to Aurelian. As a co-founder of the company, he recognized the tremendous potential of southeastern Ecuador, the area that hosts our FDN gold-silver deposit, and has continued to contribute as a board member," says Bill Fisher, Chairman. "We wish him all the best in his future endeavours." More
- April 07, 2008 | Item | E-mail

Centerra Gold Kumtor Mine Ball Mill Returns to Operation - "Centerra Gold Inc. (TSX:CG - News) reported today that the ball mill at the Kumtor mine has restarted and has returned to normal operation. The ball mill restart occurred earlier than expected due to the successful replacement of the ball mill shell ahead of schedule. The mill is achieving its anticipated throughput and the Company's 2008 guidance on gold production and cash costs at Kumtor will not be affected by the ball mill ring gear repair and shell replacement." More
- April 07, 2008 | Item | E-mail

Endeavour Reports Financial and Operating Results for 2007; Revenues Up 106%, Production Up 58%, Reserves Up 50% - "Endeavour enjoyed its best year yet in 2007, setting records for the fourth consecutive year in annual sales, silver production and mine reserves. The Company's consistent growth year on year can be attributed in part to our business strategy of acquiring prospective silver properties within mature mining districts that have existing mine and plant infrastructure so that new discoveries can be fast-tracked to production." More
- April 07, 2008 | Item | E-mail

Great Basin Gold Completes Rusaf Acquisition - "Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBG) announces that the agreement it entered into on February 14, 2008 to acquire the remaining 63% of the fully diluted equity shares of Rusaf Gold Limited ("Rusaf"), for a total consideration of $14.4 million payable in approximately 4.9 million Great Basin Gold common shares ("the acquisition"), has been successfully closed. The exchange ratio for the acquisition was one Great Basin Gold share for every 4.5 Rusaf shares." More
- April 07, 2008 | Item | E-mail

Golden Tag Resources Ltd. and ECU Silver Mining: Confirmation of High Grade Silver-Lead-Zinc Values in Main Veins at San Diego, Mexico - "Golden Tag Resources Ltd. (CDNX:GOG.V - News) ("Golden Tag") and ECU Silver Mining Inc. (Toronto:ECU.TO - News) ("ECU") are pleased to report additional diamond drill hole results from its exploration program at their jointly held San Diego property, Durango State, Mexico." More
- April 07, 2008 | Item | E-mail

Bear Creek announces discovery of new zone of silver mineralization at Santa Ana, Peru - "Bear Creek Mining (TSX Venture: BCM - News; "Bear Creek" or the "Company") is pleased to announce results for 32 additional diamond drill holes (5,355 meters). Drilling at Santa Ana now totals 29,578 meters in 165 drill holes. Santa Ana is located 200 kilometers south of the Company's Corani silver-base metal deposit in southeastern Peru." More
- April 07, 2008 | Item | E-mail

Vista Gold Corp. Announces Sale of Amayapampa Project (Bolivia) to Republic Gold Limited, and Other News - "Vista Gold Corp. ("Vista") (TSX & Amex: VGZ) is pleased to announce the sale of its wholly-owned subsidiary Vista Gold (Antigua) Corp. ("Vista Gold Antigua") to Republic Gold Limited ("Republic"). Vista Gold Antigua indirectly held Vista's interest in the Amayapampa gold project in Bolivia. Under the terms of the transaction, Republic has agreed to pay Vista US$3.0 million in three payments of US$1.0 million." More
- April 07, 2008 | Item | E-mail

Gammon Gold meets production guidance and outperforms cash cost guidance in Q1 - "The Company, including both Ocampo and El Cubo, achieved a 36% increase in production in March as compared to December. In March, the Company produced a total of 12,834 ounces of gold and 464,636 ounces of silver or 22,051 gold equivalent ounces at a cash cost of $485 per ounce, a decrease of 25% over December. During March, the Company sold a total of 11,872 ounces of gold and 434,288 ounces of silver or 20,484 gold equivalent ounces and realized an average gold price of $970/oz and an average silver price of $19.90/oz." More
- April 07, 2008 | Item | E-mail

Canasia Industries Corporation: Seven New Claims Acquired in Reed Lake, Manitoba - More
- April 07, 2008 | Item | E-mail

Drill Moved Onto the Loveland Property & Spin Off Update - More
- April 07, 2008 | Item | E-mail

Nirek Completes Acquisition of Sarah Lake Multi-Mineral Property - More
- April 07, 2008 | Item | E-mail

Arian Silver Corporation: Further Bonanza Silver Grades Intersected at San Jose - "Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ - News; AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A - News) is pleased to report further excellent results from its Phase-One drilling programme at its San Jose Property in Zacatecas State, Mexico." More
- April 07, 2008 | Item | E-mail

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.