Gold Seeker Closing Report: Gold and Silver End Slightly Higher Again

	Close	Gain/Loss
Gold	$928.15	+$2.70
Silver	$17.80	+$0.03
XAU	184.35	+1.19%
HUI	451.83	+1.30%
GDM	1354.94	+1.24%
JSE Gold	2520.55	+73.07
USD	72.08	+0.23
Euro	157.90	-0.37
Yen	98.41	-0.49
Oil	$113.79	+$2.03
10-Year	3.570%	+0.067
T-Bond	118.421875	-0.875
Dow	12362.47	+0.49%
Nasdaq	2286.04	+0.45%
S&P	1334.43	+0.46%

Gold rose over $10 to as high as $936.40 by midday in London before it fell back near unchanged at as low as $926.05 by late morning in New York, but it then rallied a couple of dollars higher into the close and ended with a gain of 0.29%. Silver rose to as high as $18.04 in Asia before it fell to as low as $17.67 by midmorning in New York, but it also rallied back higher into the close and ended with a gain of 0.17%.

Euro gold rose to about €588, platinum gained $10 to $1970, and copper fell over 3 cents to about $3.89.

Gold and silver equities traded roughly 1% higher for most of the day and ended near their highs of the session with about 1.25% gains.

Report	For	Reading	Expected	Previous
PPI	Mar	1.1%	0.6%	0.3%
Core PPI	Mar	0.2%	0.2%	0.5%
NY Empire State Index	Apr	0.6	-17.0	-22.2
Net Foreign Purchases	Feb	$72.5B	$60.0B	$57.1B

Tomorrow at 8:30AM EST brings CPI for March expected at 0.3%, Core CPI expected at 0.2%, Housing Starts for March expected at 1,010,000, and Building Permits expected at 970,000. At 9:15 is Industrial Production for March expected at -0.1% and Capacity Utilization expected at 80.4%, and at 2PM is the fed’s Beige Book.

Oil rose to a new record high near $114 on more supply worries as U.S. imports from Venezuela were reported down 18%, several Mexican ports closed down due to weather, and Russia’s oil exports were down 1% from 2007 for the first three months of 2008 at about 10 million barrels a day. These supply shortfalls add to yesterday’s reports of a temporary U.S. pipeline shutdown and unrest in Nigeria while OPEC remains at current output levels with no signs of an increase.

The U.S. dollar index rose and treasuries fell as economic data came in higher than expected and pushed interest rates up, but movements were relatively limited as traders waited for tomorrow’s data to help confirm or deny an economic rebound and/or higher inflation readings.

The Dow, Nasdaq, and S&P traded mixed in low volume before ultimately ending higher on mostly better then expected earnings reports.

Among the big names making news in the market today were US Bancorp, Charles Schwab, Johnson & Johnson, Delta and Northwest, and State Street.

May Silver closed up 0.06 at 17.85. This was 0.06 up from the low and 0.02 off the high.

The gold market managed an initial new high for the move but then fell back in the wake of the scheduled US data flow. Apparently seeing a hotter than expected headline PPI reading was initially supportive for gold, but with the market also seeing a better than expected Empire State manufacturing reading, that shifted sentiment in the Dollar and in turn seemed to dampened some flight to quality interest in gold. Surprisingly seeing a slight overall improvement in the US macro economic outlook only lent minor support to gold prices and that was really disconcerting for the bull camp, especially when one considers that crude oil prices managed a series of new all time highs throughout the trading session Tuesday. Perhaps news of an ongoing influx of foreign capital into US securities (from the US Treasury capital flows report) dampened the gold markets appeal as an alternative investment, especially since the US Dollar managed to firm and regain some respect relative to other currencies in the wake of the Tuesday morning data.

The silver market simply lost ground throughout the morning trade Tuesday and then spent a large amount of time fluctuating around unchanged. Surprisingly the silver market wasn't supported by news of surging US inflation from the PPI report, rising oil prices from the crude oil market and signs that many physical commodity markets were seemingly coming back into vogue with the funds. However, moderately aggressive selling in the copper market might have put some silver bulls off balance during the trade Tuesday and certainly a higher US Dollar and periodic gains in the US equity market seemed to suggest that silver was indeed losing out to other investments.”- The Hightower Report, Futures Analysis and Forecasting

Cardero’s (CDY) exploration results, Apollo Gold’s (AGT) bankable feasibility study, Orezone’s (OZN) moly-copper system discovery, and Aura Silver’s (AUU.V) assessment and ground staking 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.

General Moly Announces Date for the Release of Hall-Tonopah Pre-Feasibility Study and Places Order for Mt. Hope Molybdenum Roaster - More
- April 15, 2008 | Item | E-mail

Mazorro Resources Completes Initial Public Offering - More
- April 15, 2008 | Item | E-mail

Constitution Mining Appoints New Member to Advisory Board - More
- April 15, 2008 | Item | E-mail

Cardero Defines Large Copper Target at San Jose Property, Baja IOCG District, Mexico - "Cardero Resource Corp. ("Cardero" or the "Company") - (Toronto:CDU.TO - News)(AMEX:CDY - News)(Frankfurt:CR5.F - News) is pleased to announce that all claims have been successfully transferred to its 100% owned Mexican subsidiary following successful resolution of the lawsuit November 2007. Consequently the Company has restarted exploration on the Baja Iron Oxide Copper Gold (IOCG) District. Recent exploration has defined a large bulk tonnage copper target on the San Jose Property where surficial samples returned values ranging between 2.8 to 5.1% copper and up to 0.9 g/t gold." More
- April 15, 2008 | Item | E-mail

Lydian International: Preliminary Drill Results at Trpeza and St. Barbara Areas (Drazhnje Project) in Kosovo, Highlight Underground Base-Metal Target - More
- April 15, 2008 | Item | E-mail

Duran Ventures Completes $1,000,000 Private Placement with MacMillan Gold - More
- April 15, 2008 | Item | E-mail

Amera Exploration Update - More
- April 15, 2008 | Item | E-mail

Uranerz Closes US$23.6 Million Financing Including Strategic Investment by Denison Mines - More
- April 15, 2008 | Item | E-mail

Timmins Gold Corp.: Channel Sampling on Surface Yields 2.21 g/t Gold Across 99 Meters at Cocula Property, Jalisco, Mexico - More
- April 15, 2008 | Item | E-mail

Jinshan Gold Mines to Hold Conference Call on Thursday April 17, to Discuss Recent China National Gold Group Transaction - More
- April 15, 2008 | Item | E-mail

Rocher Deboule Minerals Corp.: The First Batch of Assays Return Good Values From the Drilling on the Artillery Mountains Manganese Deposits - More
- April 15, 2008 | Item | E-mail

Duran Ventures and MacMillan Gold to Formalize Joint Venture - More
- April 15, 2008 | Item | E-mail

Marifil Mines Announces Start of Drill Program at Las Aguilas East & West - More
- April 15, 2008 | Item | E-mail

Mishkeegogamang Ojibway Nation and Richview Resources Sign Memorandum of Understanding - More
- April 15, 2008 | Item | E-mail

Canadian Royalties/Nunavik Nickel Project Allammaq Update: 2.5 Million Tonnes of High-Grade Mineralization Added to Resource Inventories - More
- April 15, 2008 | Item | E-mail

Noront Announces Exercise of Warrants - More
- April 15, 2008 | Item | E-mail

Mega Silver Inc.: 5,000m Drill Programs Planned at Promontorio and Montoros - More
- April 15, 2008 | Item | E-mail

Augyva Closes $3.6 Million Private Placement - More
- April 15, 2008 | Item | E-mail

Campbell Resources updates first quarter 2008 operations - More
- April 15, 2008 | Item | E-mail

Scandinavian Minerals Reports Half Year Results - More
- April 15, 2008 | Item | E-mail

Latin American Minerals Exercises Option to Acquire a 75% Interest in La Carolina Gold Property, Argentina - More
- April 15, 2008 | Item | E-mail

Acrex To Complete Geophysical Survey on its Don's Lake Gold Property, Northwestern Ontario. - More
- April 15, 2008 | Item | E-mail

Egypt Is a Strategic Investment for Klondike Star - More
- April 15, 2008 | Item | E-mail

Temex and Mill City identify numerous high priority drill targets - More
- April 15, 2008 | Item | E-mail

Mill City and Temex identify numerous high priority drill targets - More
- April 15, 2008 | Item | E-mail

Hinterland Drilling Intersects 13.8g/t Au & 4.1g/t Ag Over 1.7m at Raney Project, Ontario - More
- April 15, 2008 | Item | E-mail

MDN Inc.: VMS Context Confirmed by Drilling at Des Meloizes - More
- April 15, 2008 | Item | E-mail

Luiri Gold Increases Gold Resource in Zambia - More
- April 15, 2008 | Item | E-mail

Pelangio Advised That Detour Gold Has Entered Into an Agreement With Goldcorp to Exercise Its Option for the 100% Interest in the Detour Lake Mine Property - More
- April 15, 2008 | Item | E-mail

Industrial Minerals Inc. (IMI) plans expanded 2008 drill program on Bissett Creek graphite site - More
- April 15, 2008 | Item | E-mail

Cadiscor Drilling Extends Discovery and Flordin Gold Deposits at Depth - More
- April 15, 2008 | Item | E-mail

Houston Lake Mining Continues to Intersect Significant Widths of Gold Mineralization at West Cedartree - More
- April 15, 2008 | Item | E-mail

Anglo American sees 4-5 pct commodity growth - "Miner Anglo American (AAL.L: Quote, Profile, Research) expects 4-5 percent growth compounded annually for most key commodities over the next 10 years, its Chief Executive Cynthia Carroll said at its annual general meeting on Tuesday." More
- April 15, 2008 | Item | E-mail

Castillian Starts Drill Program to Extend the Las Aguilas East and West Deposits and Evaluate Untested Gossans, Las Aguilas and San Luis Projects, Argentina - More
- April 15, 2008 | Item | E-mail

Zincore Commences Drill Testing at Cerro Condorini and Restarts Drilling at Yanque - More
- April 15, 2008 | Item | E-mail

Colossus Minerals Assays Confirm Spectacular Grades of Gold-Platinum-Palladium Mineralization Remaining at Serra Pelada, Brazil - More
- April 15, 2008 | Item | E-mail

Anaconda Intersects Additional High Grade Iron Mineralization at San Gabriel - More
- April 15, 2008 | Item | E-mail

New Horizon Announces Acquisition of Two Uranium Properties - More
- April 15, 2008 | Item | E-mail

Golden Phoenix Mineral's Ashdown Project LLC Generated $10.4 Million in Moly Sales in 2007; First Quarter Sales Continue Strong - More
- April 15, 2008 | Item | E-mail

Grandview Gold Inc. Welcomes Mr. Harold Wolkin, CFA, MAEcon to Its Board of Directors - More
- April 15, 2008 | Item | E-mail

Kalimantan Gold Commences Deep Drilling at Jelai Gold Project - More
- April 15, 2008 | Item | E-mail

Anooraq Concludes Definitive Agreements With Anglo Platinum for the Acquisition of a Controlling Interest in Lebowa Platinum Mines & Their Current JV Projects - More
- April 15, 2008 | Item | E-mail

Anooraq Reports Results of Lebowa Technical Review - More
- April 15, 2008 | Item | E-mail

Platinum Group Reports Second Quarter Financial Results - More
- April 15, 2008 | Item | E-mail

Uranium North Targets 24 Metre Thick Uranium Mineralized Zone at Hawk Lake - More
- April 15, 2008 | Item | E-mail

Purepoint Uranium Group Inc: Defines 45 High-Potential Targets on Its 11 Athabasca Basin Uranium Properties - More
- April 15, 2008 | Item | E-mail

Raytec Announces Update on Its C and D Grid Uranium Properties - More
- April 15, 2008 | Item | E-mail

Aura Silver Results Assessment on Greyhound Zn-Ag Property Leads to Significant New Staking of Ground - "Aura Silver Resources Inc. (TSX VENTURE:AUU - News; the "Company" or "Aura Silver") is pleased to report that Aura Silver's team of geologists, Dr. James Franklin, Mr. Paul Pitman and Mr. Eric Craigie, has completed a comprehensive assessment of the 2007 data obtained for the Greyhound property. New sample data were compiled with an historical data base, field observations and maps." More
- April 15, 2008 | Item | E-mail

Apollo Gold Announces the Completion of its Black Fox Bankable Feasibility Study with an Estimated Net Present Value of $302 Million - "I am very happy with the results of this BFS and now look forward to arranging the funding and putting the mine into production in 2009. I believe that the BFS presents a very conservative base case as we can already see items that can be optimized based on our decision to purchase the Stock Mill from St. Andrews Goldfields Ltd (and assuming that the proposed purchase is successfully completed)." More
- April 15, 2008 | Item | E-mail

Orezone Discovers Large Moly-Copper System Near Essakane - "Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) is pleased to announce the discovery of a large Molybdenum (Mo) - Copper (Cu) porphyry style system within 30km of Essakane, Orezone's cornerstone gold deposit in West Africa. The Kourki Mo-Cu Prospect is situated in Niger on the Kossa Permit and forms part of Orezone's 2275km(2) land package that straddles the border of Burkina Faso and Niger." More
- April 15, 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.