Gold Seeker Closing Report: Gold and Silver Fall Slightly With Stocks and Oil

	Close	Gain/Loss
Gold	$961.00	-$3.20
Silver	$14.65	-$0.08
XAU	152.72	-0.27%
HUI	373.38	+0.04%
GDM	1126.50	-0.06%
JSE Gold	2465.86	+54.56
USD	78.00	+0.44
Euro	143.54	-0.55
Yen	104.82	-0.54
Oil	$71.94	-$0.03
10-Year	3.746%	-0.018
T-Bond	116.46875	+0.375
Dow	9256.26	-0.27%
Nasdaq	1973.16	-1.000%
S&P	997.08	-0.56%

Gold traded mixed in Asia and fell $5.60 to $958.60 in London before it climbed as much as $7.55 to $971.75 by about 9AM EST in New York, but it then fell back off into the close and ended with a loss of 0.33%. Silver fell over 1% in Asia and traded mixed in London before it rose as much as 30 cents to $15.03 by about 9AM EST in New York, but it also fell back off into the close and ended with a loss of 0.54%.

Euro gold rose to about €670 on euro weakness, platinum lost $29 to $1253, and copper fell 6 cents to about $2.75.

Gold and silver equities saw small gains at the open before they fell back off and traded mostly slightly lower for the majority of the day, but they then rallied back higher in late trade and ended mixed and near unchanged.

Report	For	Reading	Expected	Previous
Initial Claims	8/01	550K	580K	588K

Tomorrow at 8:30AM EST brings July’s jobs data and at 2PM is Consumer Credit for June expected at -$4.7B. Nonfarm Payrolls are expected at -328,000, the Unemployment Rate is expected at 9.6%, Hourly Earnings are expected at 0.1%, and the Average Workweek is expected at 33.0.

Oil ended barely lower as the U.S. dollar index rose after the European Central Bank and the Bank of England announced that they will hold rates unchanged to help support their economies. The dollar found most of its gains from weakness in the Pound as the BoE unexpectedly raised the size of its bond purchasing program in order to help the weakened financial system. Traders were also positioning themselves ahead of tomorrow’s jobs report.

Treasuries rose slightly while the Dow, Nasdaq, and S&P chopped lower for most of the day and ended with as much as 1% losses on poor retail sales reports and worries over tomorrow’s jobs report.

Among the big names making news in the market today were Comcast, Morgan Stanley, Macy’s, Blackstone, Thomson Reuters, DirecTV, General Motors, MF Global, American Express, and Sirius.

“December Gold closed down 3.4 at 962.9. This was 0.9 up from the low and 11.4 off the high.

September Silver finished down 0.115 at 14.645, 0.39 off the high and 0.04 up from the low.

The gold market waffled around both sides of unchanged during the session Thursday, but it certainly seemed as if a weakening of macro economic sentiment and a rise in the Dollar were responsible for the markets failure of the run toward the $970 level on the charts. With the US equity market at times under noted pressure and the overall outlook for the US economy seemingly being raised ahead of the non farm payroll release on Friday morning it appeared as if a number of physical commodity markets were seeing longs move to the sidelines. Talk of a possible significant upgrade, in the amount of Non Farm payroll jobs lost at the beginning of the year, was seen by some traders as concerning development.

Like a host of physical commodity markets, the silver market seemed to run out of bullish steam in the wake of renewed suspicions toward the US jobs situation. With the Dollar seeing some renewed flight to quality type buying during the trade Thursday, it wasn't that surprising to see silver fall back away from its early attempt to rally. With copper and energy prices also showing noted reversals in the trade Thursday one could simply suggest that adverse outside market conditions spooked some longs in silver toward the sidelines.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.19 tonnes.

Note: Change in Total Tonnes from yesterday’s data: 1.22 tonnes were added to the trust.

New Gold’s (NGD) second quarter results, IAMGOLD’s (IAG) second quarter results, Gold Fields’ (GFI) record safety year and increasing costs, Paramount’s (PZG) agreements with stockholders to support the transaction with Klondex (KDX.TO), Sabina’s (SBB.V) improved recoveries, Coeur’s (CDE) second quarter results, and Minefinders’ (MFN) second quarter 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.

Paramount Gold and Silver Corp. Executes Agreements with Major Stockholders in Support of Klondex Transaction - "Paramount Gold and Silver Corp. (AMEX:PZG - News)(TSX:PZG - News)(Frankfurt:P6G - News)(WKN: A0HGKQ) ("Paramount") has executed agreements with its two largest stockholders supporting the proposed transaction with Klondex Mines Ltd. (TSX:KDX - News)(OTC.BB:KLNDF - News) ("Klondex") representing 30,000,000 shares of common stock on a fully diluted basis, of which 18,000,000 shares of common stock are currently issued and outstanding." More
- August 06, 2009 | Item | E-mail

Underworld Intersects 2.47 g/t Au over 63.0 Meters at White Gold Property - More
- August 06, 2009 | Item | E-mail

Romios Retains Investor Relations Consultants - More
- August 06, 2009 | Item | E-mail

Premium Exploration Intersects 13.78 g/t Au Over 5.73 Meters at Friday-Petsite Gold Project in Central Idaho - More
- August 06, 2009 | Item | E-mail

Ur-Energy Announces Second Quarter 2009 Teleconference and Webcast - More
- August 06, 2009 | Item | E-mail

Apella Resources Inc.: Frontline Uranium Project; Subsidiary "Priority Uranium Corporation" Formed & Exploration Program Outlined - More
- August 06, 2009 | Item | E-mail

Golden Predator Completes Technical Report on the Adelaide Project, Nevada - More
- August 06, 2009 | Item | E-mail

Zinccorp Resources Acquires Claims Close to Recent West Timmins Mining/Lake Shore Gold Discovery - More
- August 06, 2009 | Item | E-mail

Foundation Resources Oversubscribes Private Placement - More
- August 06, 2009 | Item | E-mail

Ucore Commences 2009 Rare Earth Drill Program at Bokan-Dotson Ridge - More
- August 06, 2009 | Item | E-mail

General Mining Properties Ltd. announces termination of transaction for option to acquire a 70% of past producing Yarnell gold mine in Arizona and withdrawal... - More
- August 06, 2009 | Item | E-mail

Cypress Announces Lou Chastko, PGeo. Joins Advisory Board - More
- August 06, 2009 | Item | E-mail

Starfire implements first phase of NI 43-101 recommendations on Porphyry Pearl - More
- August 06, 2009 | Item | E-mail

Olympus Announces Director's Resignation - More
- August 06, 2009 | Item | E-mail

American Energy Production Inc. Announces Letter of Intent and Operating Agreement - More
- August 06, 2009 | Item | E-mail

RT Minerals Corp. Announces Property Acquisition Adjoining, and on Strike To, West Timmins Mining Inc. Holdings Near Timmins, Ontario - More
- August 06, 2009 | Item | E-mail

High River Gold Announces TSX Ends Delisting Review - More
- August 06, 2009 | Item | E-mail

Cancor Mines Inc. Completes Independent NI 43-101 Report for Tan Chaffao East Gold Project in Hoggar, Algeria - More
- August 06, 2009 | Item | E-mail

Uranium North Outlines 19.3 Million Pound U3O8 Inferred Resource at Amer Lake; Deposit Remains Open Along Strike and Down Dip - More
- August 06, 2009 | Item | E-mail

North Arrow Announces a Non-Brokered Private Placement of $302,500 - More
- August 06, 2009 | Item | E-mail

Aquila Resources and HudBay Minerals Sign Agreement on Back Forty Project - More
- August 06, 2009 | Item | E-mail

HudBay Minerals Announces Subscription, Option and Joint Venture Agreement with Aquila Resources - More
- August 06, 2009 | Item | E-mail

Mantis completes 953-meter drill program at its Cree Lake Gold Property. Awaits assays. - More
- August 06, 2009 | Item | E-mail

Kiska Metals Commences Trading - More
- August 06, 2009 | Item | E-mail

Colt Resources Inc. begins exploration including diamond drilling on potential open pit gold targets in Portugal - More
- August 06, 2009 | Item | E-mail

Threegold Resources inc.: New Rare Earth Element Discovery on the Mercier Project, Quebec - More
- August 06, 2009 | Item | E-mail

Equinox Releases Maiden Operating Profit Result for Q2 2009 - More
- August 06, 2009 | Item | E-mail

Noront Resources announces $20 million equity financing - More
- August 06, 2009 | Item | E-mail

Temex to drill Croxall Property, West Timmins Gold District - More
- August 06, 2009 | Item | E-mail

Midland Exploration Inc.: Update on the Maritime Cadillac Property - More
- August 06, 2009 | Item | E-mail

Key Milestone Achieved in Greek Permitting Process - More
- August 06, 2009 | Item | E-mail

Golden Harp reports exploration progress from Copper Hill Block A gold project - More
- August 06, 2009 | Item | E-mail

Benton provides exploration update - More
- August 06, 2009 | Item | E-mail

Golden Hope Mines Limited: Exploration Program Update - More
- August 06, 2009 | Item | E-mail

Votorantim Elects To Option El Nino's Bathurst Camp Projects - More
- August 06, 2009 | Item | E-mail

Lundin Mining Releases 2009 Second Quarter Results - More
- August 06, 2009 | Item | E-mail

Alamos Gold Inc. Reports Second Quarter 2009 Financial Results: Record Earnings of $0.12 per Share, and Increasing Production and Lowering Cost Guidance - More
- August 06, 2009 | Item | E-mail

Adventure Acquires Three Gold Properties on the Casa Berardi Gold Break - More
- August 06, 2009 | Item | E-mail

Coppermoly Ltd: Non-Renounceable Rights Issue - More
- August 06, 2009 | Item | E-mail

Nord Resources Reports Copper Production Improving at Johnson Camp Mine - More
- August 06, 2009 | Item | E-mail

Lake Victoria Mining Company Identifies Five Kilometer Long Gold Trend; Assay Results Average 7.1 Grams Per Metric Ton From Underground Sampling - More
- August 06, 2009 | Item | E-mail

Amador Gold Samples 75.0 g/T Gold on New Zone at Horwood Property - More
- August 06, 2009 | Item | E-mail

Alix and Cloudbreak Complete First Phase Ground Program in Yukon's White Gold District - More
- August 06, 2009 | Item | E-mail

Asia Now Announces Appointment of Director - More
- August 06, 2009 | Item | E-mail

Amerigo Announces Q2-2009 Financial Results - More
- August 06, 2009 | Item | E-mail

July Gold Production Continues Upward Trend at Etruscan's Youga Mine - More
- August 06, 2009 | Item | E-mail

Uranium Star Acquires Remaining 25% Interest in Green Giant Vanadium Deposit in Madagascar; Now Holds 100% of Projected 200 Million Tonne Deposit - More
- August 06, 2009 | Item | E-mail

Galway establishes a Gold Advisory Committee - More
- August 06, 2009 | Item | E-mail

Red Back Strong Performance Continues in the Second Quarter - More
- August 06, 2009 | Item | E-mail

Rocher Deboule Minerals Corp.: Positive Preliminary Economic Assessment for Artillery Peak Manganese Project - More
- August 06, 2009 | Item | E-mail

Sabina Silver Announces Significantly Improved Recoveries From Hackett River Metallurgical Results - "Sabina Silver Corporation (TSX-V:SBB - News) announced today the results of the updated metallurgical report on Hackett River (the "Report"), completed by AMEC Americas Ltd. as part of the pre-feasibility work for the project. The Report extends the metallurgical knowledge from the preliminary economic assessment ("PEA") completed by Wardrop in 2007." More
- August 06, 2009 | Item | E-mail

Coeur Reports New Mines Lead to Record Second Quarter Silver Production and Nearly 700% Increase in Operating Cash Flow - "Coeur d’Alene Mines Corporation today announced a second quarter silver production record of 4.3 million ounces during the second quarter of 2009. This represents a 74% increase compared to last year’s second quarter and was driven by silver production from the Company’s two new large, long-life mines, the San Bartolomé silver mine in Bolivia and the Palmarejo silver and gold mine in Mexico, which combined for a total of 2.5 million ounces of silver production, or 58% of the Company’s total silver production, during the second quarter." More
- August 06, 2009 | Item | E-mail

Minefinders Provides 2009 Second Quarter Results - "The second quarter has continued to deliver strong and increasing output at a relatively low cash cost," said Mark Bailey, President and Chief Executive Officer. "Having recently reached the important milestone of commercial production at Dolores, we expect that production will continue to increase and cash costs will continue to decrease as the mine progresses to full production." More
- August 06, 2009 | Item | E-mail

New Gold Announces a 30% Increase in Gold Sales and a 37% Reduction in Cash Cost with Cash Flow from Operations Increasing by $20 Million in the Second Quarter - "New Gold Inc. ("New Gold") (TSX and NYSE AMEX - NGD) today announced unaudited financial and operational results for the second quarter ended June 30, 2009. Adjusted net earnings(1) were $10.6 million, or $0.04 per share, in comparison to adjusted net loss(1) of $4.7 million, or $0.05 per share, in the same period in 2008. New Gold reported a net loss of 202.8 million or $0.79 per share in comparison to a net loss of $4.8 million, or $0.05 per share, in the same period in 2008." More
- August 06, 2009 | Item | E-mail

IAMGOLD Reports Strong Second Quarter 2009 Results; Record Production at Rosebel - "IAMGOLD Corporation ("IAMGOLD" or "the Company") today reported financial and operating results for the second quarter ending June 30, 2009, with net earnings of $44.1 million or $0.12 per share." More
- August 06, 2009 | Item | E-mail

Gold Fields Limited: Record Safety Year - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced normalised earnings excluding gains and losses on foreign exchange, financial instruments, exceptional items and share of profits and losses of associates after taxation for the June 2009 quarter of R949 million, compared with normalised earnings of R1,369 million and R943 million for the March 2009 and the December 2008 quarters respectively." More
- August 06, 2009 | Item | E-mail

Gold Fields Costs to Climb on Wages, Stronger Rand - "Gold Fields Ltd., Africa’s second- largest miner of the metal, said costs will rise 15 percent during the next quarter because of a stronger rand and increases in labor and power charges." More
- August 06, 2009 | Item | E-mail

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