Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Financial Fears Mount

	Close	Gain/Loss
Gold	$926.85	+$5.70
Silver	$18.08	+$0.29
XAU	182.27	-0.27%
HUI	419.06	-0.31%
GDM	1253.13	-0.16%
JSE Gold	2244.73	+33.42
USD	72.62	-0.38
Euro	157.45	+0.89
Yen	93.70	+0.69
Oil	$136.05	+$0.01
10-Year	3.834%	-0.046
T-Bond	117.1875	+0.34375
Dow	11147.44	-2.08%
Nasdaq	2234.89	-2.60%
S&P	1244.69	-2.28%

Gold dropped $4.20 to $916.95 by a little after 8AM EST, but it then rallied back higher for most of the rest of trade and ended near its high of $928.20 with a gain of 0.62%. Silver fell slightly in Asia and remained near unchanged in London before it rose throughout trade in New York and ended near its high of $18.127 with a gain of 1.63%.

Euro gold rose to over €589, platinum gained $19.50 to $1963.50, and copper gained over 4 cents to about $3.75.

Gold and silver equities rose over 3% in the first half hour of trade, but they then fell back off with the major indices for the rest of the day and ended slightly lower.

There were no major economic reports today, but mortgage applications were shown to rise 7.5% last week according to the MBA. Tomorrow at 8:30AM EST brings Export and Import Prices for June, Initial Jobless Claims for 7/05 expected at 395,000, and the Trade Balance for May expected at -$62.2 billion. At 10AM is Michigan Sentiment for July expected at 55.5 and at 2PM is the Treasury Budget for June expected at $33.0 billion.

Oil rose after Iran test-fired nine missiles and crude inventories fell a much larger than expected 5.8 million barrels, but it fell back off to find only a penny gain by the close as traders concentrated on demand destruction and the build in gasoline and distillate inventories of 1.0 million barrels and 1.8 million barrels. Refinery Utilization was unchanged at 89.2%.

The U.S. dollar index fell and treasuries rose on worries over Iran and concerns over the health of the economy and the overall financial system that dragged the Dow, Nasdaq, and S&P over 2% lower by the close.

Among the big names making news in the market today were Fannie Mae, Northwest Air, GM, Boeing, Alcoa, Progressive, and Raytheon.

“August Gold finished up 5.3 at 928.6, 1.4 off the high and 8.6 up from the low.

September Silver closed up 0.22 at 18.175. This was 0.165 up from the low and 0.005 off the high.

The gold market initially waffled around both sides of unchanged but as it became apparent that the Dollar was set to favor the downside, gold prices seemed to firm slightly. However, the gold market was looking to the energy complex for direction Wednesday and for most of the session the energy complex wasn't exhibiting the kind of action that emboldened the bull camp. In the end, support off geopolitical anxiety in the Middle East wasn't a dominating role in the trade and that seemed to upgrade the importance of the Dollar.

The silver market clearly diverged with the gold market during the trade Wednesday. In fact, early on the silver market managed to climb above the prior session's highs and in turn seemed to establish a firmer correlation between silver, platinum and copper prices. In short, the silver market seemed to embrace support from the physical commodity market angle, while the gold market seemed to be trading off an isolated focus.”- The Hightower Report, Futures Analysis and Forecasting

Union protests in South Africa, Kinross Gold’s (KGC) gold plant in Russia, Midway’s (MDW) drill results, Eldorado’s (EGO) partnership with Brazauro (BZO.V), Keegan’s (KGC) drill results, Allied Nevada’s (ANV) addition to the Russell 2000 Index, ECU’s (ECU.TO) drill results, Endeavour’s (EXK) production estimates, Coeur’s (CDE) personnel appointments, and Alexco’s (AXU) Preliminary Economic Assessment 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.

Apollo Gold Announces Pricing of Prospectus Offering - "Apollo Gold Corporation ("Apollo" or the "Company") (TSX:APG - News) (AMEX:AGT - News) is pleased to announce the pricing for its previously announced offering ("Offering") of units ("Units") of the Company. Each Unit will have an issue price of CDN $0.50 per Unit (US $0.495 per Unit for purchasers residing in the United States), with each Unit comprised of one common share of the Company and one-half of one warrant ("Warrant")." More
- July 09, 2008 | Item | E-mail

Global Minerals Arranges $2 Million Loan Financing - More
- July 09, 2008 | Item | E-mail

Golden Dawn Signs a Letter of Intent to Acquire 6891667 Canada Inc - More
- July 09, 2008 | Item | E-mail

Franc-Or Completes Second Tranche of Private Placement for $1.8 Million - More
- July 09, 2008 | Item | E-mail

Fortress Base Metals Corp.: President's Letter to Shareholders - More
- July 09, 2008 | Item | E-mail

Union Membership Ratifies New Labor Contract at East Boulder Mine - More
- July 09, 2008 | Item | E-mail

Network Exploration stakes Pistala Sur property - More
- July 09, 2008 | Item | E-mail

Salazar Resources Ltd.: Results of Annual General Meeting - More
- July 09, 2008 | Item | E-mail

Uranerz Provides Drilling Update on Arkose Mining Venture - More
- July 09, 2008 | Item | E-mail

Waseco Resources Inc.: News Release July 9, 2008 - More
- July 09, 2008 | Item | E-mail

Zinccorp Announces a Major Zinc-Lead-Silver Discovery - More
- July 09, 2008 | Item | E-mail

Cameco Acquires Advanced Australian Exploration Project - More
- July 09, 2008 | Item | E-mail

Inspiration Intersects 0.654% Ni Over 4.46 m or 14.63 ft Including 1.290% Ni Over 0.59 m or 1.94 ft (True Width) - More
- July 09, 2008 | Item | E-mail

Continuum To Focus Future Exploration on Predilecta Files 43-101 Technical Report on SEDAR - More
- July 09, 2008 | Item | E-mail

CORRECTION/Globex-Queenston Report Wood-Pandora Update - More
- July 09, 2008 | Item | E-mail

New Guinea Gold Appoints Gary Edwards as Director and Paul Schultz as Chief Financial Officer - More
- July 09, 2008 | Item | E-mail

Delta Uranium Corporate Update - More
- July 09, 2008 | Item | E-mail

Blue Note's Caribou Reaches 95% Plant Capacity - More
- July 09, 2008 | Item | E-mail

Slam Launches Drilling Program at Costigan - More
- July 09, 2008 | Item | E-mail

Osisko Initiates House Relocation Program - More
- July 09, 2008 | Item | E-mail

Passport Metals Inc. Acquires Property in the "Ring of Fire" Area, Ontario Through An Option Agreement with Noront Resources Ltd. - More
- July 09, 2008 | Item | E-mail

ECU Silver Confirms Massive Sulphide at Depth - "ECU Silver Mining (Toronto:ECU.TO - News) ("ECU Silver" or "the Company") is very pleased to announce that it has confirmed grades from the two massive sulphide veins intercepted at depth. The first drill intercept yielded 3.66 g/t Au, 295 g/t Ag, 7.87% Pb and 12.07% Zn over a core length of 12.04 metres (40 feet) (17 g/t Au equivalent or 1,100 g/t Ag equivalent). The second intercept yielded 7.90 g/t Au, 550 g/t Ag, 11.25% Pb and 27.68% Zn over a core length of 1.75 metre (6 feet) (33 g/t Au equivalent or 2,180 g/t Ag equivalent)." More
- July 09, 2008 | Item | E-mail

Endeavour Silver Production on Target in Second Quarter, 2008; Produces 515,634 oz Silver, up 2% Over Q1, 2008; Silver Production to Climb Substantially in Q3/4 - "Silver production in Q3 and Q4, 2008 is expected to climb substantially as the current capital programs of mine and plant upgrades near completion at Endeavour's two operating silver mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State." More
- July 09, 2008 | Item | E-mail

Terrane and Goldcorp Sign Definitive Credit and Option Agreements - More
- July 09, 2008 | Item | E-mail

Dorato Provides Update on Aggressive Exploration Program at Cordillera Del Condor Gold Project, Peru - More
- July 09, 2008 | Item | E-mail

New Jersey Mining Company Forms Joint Venture with Silverstar Mining Corp. - More
- July 09, 2008 | Item | E-mail

Tanzania projects recent exploration developments - More
- July 09, 2008 | Item | E-mail

JNR Takes Delivery of Third Drill; Two Drills Active at Way Lake - More
- July 09, 2008 | Item | E-mail

U.S. Energy Corp. Retains SRK Consulting to Prepare Resource Estimate for Lucky Jack Project - More
- July 09, 2008 | Item | E-mail

Silverstar Mining Enters into Joint Venture - More
- July 09, 2008 | Item | E-mail

Opawica Explorations Inc. Commences Action Against Xstrata Copper Canada ("Xstrata") - More
- July 09, 2008 | Item | E-mail

Uranium International Corp. Appoints Marek Kreczmer as President and Director of the Board - More
- July 09, 2008 | Item | E-mail

Geneva Resources, Inc. Receives Final Geophysics Report on Vilcoro Gold Property, Peru - More
- July 09, 2008 | Item | E-mail

Globex-Queenston Report Wood-Pandora Update - More
- July 09, 2008 | Item | E-mail

Kinross launches gold plant in Russia’s Chukotka - "Canadian miner Kinross Gold Corp launched a $500 million gold processing plant in Chukotka today as the remote Russian region prepares to quadruple gold output by 2010, the local government said in a statement." More
- July 09, 2008 | Item | E-mail

Buffalo Gold Sells Concentrate for Life of Furtei Mine - More
- July 09, 2008 | Item | E-mail

Laurion Reports Encouraging Sample Results from the Sturgeon River Mine Project; Drilling to Commence on the German Project - More
- July 09, 2008 | Item | E-mail

Mirabela secures debt financing package - More
- July 09, 2008 | Item | E-mail

EurOmax announces $1.5 million financing - More
- July 09, 2008 | Item | E-mail

Golden Share Provides an Update on its Exploration Programs - More
- July 09, 2008 | Item | E-mail

Temoris Resources Inc.: Drilling Targets - More
- July 09, 2008 | Item | E-mail

Baffinland Revises Bulk Sample Program Targets - More
- July 09, 2008 | Item | E-mail

Shoreham Retains Mike Kachanovsky for Investor Relations - More
- July 09, 2008 | Item | E-mail

Metanor Resources Inc.: 25% More Gold from the Bulk Sampling at Barry - More
- July 09, 2008 | Item | E-mail

Ressources Minieres Pro-Or Inc.: Private Placement of $1,100,000 - More
- July 09, 2008 | Item | E-mail

Amarc Work Programs Are Indentifying Significant Drill Targets - More
- July 09, 2008 | Item | E-mail

USCorp Drilling Scheduled on its Arizona Twin Peaks Gold Property - More
- July 09, 2008 | Item | E-mail

Chariot Resources-July 2008 Shareholder Update - More
- July 09, 2008 | Item | E-mail

Mirabela signs 5 year offtake agreement with Votorantim - More
- July 09, 2008 | Item | E-mail

Peregrine Metals Intersects 718 Meters of 0.72% Copper Including 322 Meters of 0.90% Copper at the Altar Project, Argentina - More
- July 09, 2008 | Item | E-mail

Capstone Announces Production and Sales for the Second Quarter of 2008 - More
- July 09, 2008 | Item | E-mail

Ontex Resources Limited Reports on Results of Annual Shareholders Meeting - More
- July 09, 2008 | Item | E-mail

Maximus and NFX Announce New Drilling Results Extending the Bear Lake Gold Zone at Larder Lake - More
- July 09, 2008 | Item | E-mail

Freewest Updates Exploration Activities on Its McFaulds Project in Ontario and Windfall Project in Quebec - More
- July 09, 2008 | Item | E-mail

Pajala Municipality in Sweden Receives EU Funding to Initiate Infrastructure Planning for Northland's Projects - More
- July 09, 2008 | Item | E-mail

Oriental Granted Additional Uranium Exploration Licenses in South Korea - More
- July 09, 2008 | Item | E-mail

East West Vends One of Its Norton-McFaulds Properties - More
- July 09, 2008 | Item | E-mail

New Executive Appointment - More
- July 09, 2008 | Item | E-mail

Etruscan achieves commercial production at the Youga Gold Mine - More
- July 09, 2008 | Item | E-mail

Franconia Doubles NI 43-101 Resource Estimate on Birch Lake Copper-Nickel-PGM Resource - More
- July 09, 2008 | Item | E-mail

SAfrica unions protest over prices, Mbeki policies - "Thousands of unionised South African workers downed tools on Wednesday to protest against a sharp jump in food and fuel prices, threatening to slow output at key ports and refineries and rattle jittery investors." More
- July 09, 2008 | Item | E-mail

Ore Reserve and Mineral Resource Update - More
- July 09, 2008 | Item | E-mail

Acadian Mining Corporation halts spin-out of gold assets and proposed private placement by Annapolis Gold Corporation - More
- July 09, 2008 | Item | E-mail

Discovery on DIOS Hotish Project - More
- July 09, 2008 | Item | E-mail

Coeur Announces Key Personnel Appointments in North and South American Operations Groups - "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) today announced the promotions and appointments of key personnel in both its North and South American operations groups. This enhanced management structure is designed to provide each operation with additional oversight, experience, and resources in order to meet the Company’s production, cost, and development targets." More
- July 09, 2008 | Item | E-mail

Alexco Releases Positive Preliminary Economic Assessment on Bellekeno Deposit, First of Several Potential Silver Production Opportunities in Keno Hill - "Alexco Resource Corp. (Toronto:AXR.TO - News)(AMEX:AXU - News) ("Alexco") is pleased to announce the release of a National Instrument 43-101 ("NI 43-101") compliant Preliminary Economic Assessment (PEA) on its 100% owned Bellekeno deposit in the Keno Hill Silver District, Yukon Territory. The PEA was produced by SRK Consulting (Canada) Inc. ("SRK") with Wardrop Engineering ("Wardrop") responsible for metallurgy, mineral processing, infrastructure and cash flow analysis." More
- July 09, 2008 | Item | E-mail

Midway Finds Near Surface High Grade Gold at Pan Project - "Midway Gold Corp. (the "Company") (CDNX:MDW.V - News)(AMEX:MDW - News) has identified a near surface high grade zone within the North Pan deposit. Fourteen holes were drilled to verify former operators' results. Four of these holes drill holes hit substantially higher grades and thicknesses than previously reported. Drill hole PN08-7 returned 20 feet of 0.230 ounces per ton (opt) gold within 60 feet of 0.087 opt gold and was drilled near hole EP-53 which only encountered 20 feet of 0.021 opt gold." More
- July 09, 2008 | Item | E-mail

Brazauro and Eldorado to Partner on the Tocantinzinho Project and Tapajos District Exploration - "Eldorado Gold Corporation ("Eldorado") (Toronto:ELD.TO - News)(AMEX:EGO - News) is pleased to announce that we have reached an agreement for Eldorado to earn an interest in Brazauro Resources Corporation's ("BZO") 43,000 hectare Tocantinzinho Project ("TZ Project") in the Tapajos District of Para State, Brazil. In addition the agreement provides for a partnering of extended exploration in the Tapajos District." More
- July 09, 2008 | Item | E-mail

Keegan Drills 12 Meters of 11.6 g/t and 25 Meters of 4.03 g/t Gold in North Step Out Holes at Esaase - "Keegan Resources Inc. ("Keegan") (CDNX:KGN.V - News)(AMEX:KGN - News) is pleased to announce results from step out and infill drilling at the Esaase property. Highlights include 12 meters of 11.6 g/t (including 3 meters of 44.1 g/t Au) and 25 meters of 4.03 g/t Au in holes KEDD419 and 416 respectively." More
- July 09, 2008 | Item | E-mail

Allied Nevada Announces Addition to the Russell 2000 Index - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (Toronto:ANV.TO - News)(AMEX:ANV - News) today announced it has been added to the Russell 2000® Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 27th 2008." More
- July 09, 2008 | Item | E-mail

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