Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil

	Close	Gain/Loss
Gold	$997.35	+$3.85
Silver	$16.44	+$0.24
XAU	166.48	+0.14%
HUI	412.53	+0.85%
GDM	1244.19	+0.19%
JSE Gold	2656.23	+60.13
USD	77.26	-0.90
Euro	144.89	+1.96
Yen	108.28	+0.79
Oil	$71.08	+$3.08
10-Year	3.469%	+0.027
T-Bond	119.90625	-0.4375
Dow	9497.34	+0.59%
Nasdaq	2037.77	+0.94%
S&P	1025.39	+0.88%

Gold climbed from last Friday’s close of $993.50 in Asia to as high as $1007.37 by about 4:30AM EST before it fell back off in London and New York to as low as $993.45 by about noon EST, but it then rallied back higher in the last hour and a half of trade and ended with a gain of 0.39%. Silver rose as much as $0.62 from Friday’s close to as high as $16.82 in Asia before it also fell back off a bit in London and New York to as low as $16.347 in early afternoon trade, but it then bounced back higher in the last minutes of trade and ended with a gain of 1.48%.

Euro gold climbed to €688, platinum rose to $1280, and copper remained at about $2.85.

Gold and silver equities rose over 4% at the open, but they then chopped their way lower midday and ended with only slight gains on the day.

Report	For	Reading	Expected	Previous
Consumer Credit	July	-$21.6B	-$4.0B	-$15.5B

Oil topped $71 while the U.S. dollar index and treasuries fell on takeover news and optimism over the economy that sent the Dow, Nasdaq, and S&P modestly higher on the day.

Among the big names making news in the market today were Smithfield, Kraft, and Cadbury.

“December Gold closed up 3.1 at 999.8. This was 4.7 up from the low and 9.9 off the high.

December Silver finished up 0.225 at 16.51, 0.285 off the high and 0.125 up from the low.

The gold market managed a positive big range up extension early on Tuesday morning but to the bull's dismay, the market was unable to hold all of the initial gains. Since the Dollar failed to bounce off its lows, the setback in gold from the highs didn't appear to be off currency related issues. However, it is possible that a leveling of macro economic optimism from the early morning trade did serve to knock gold and other physical commodity markets back from their new highs. With the equity market also reversing direction and waffling back and forth on both sides of unchanged, it was clear that one bullish outside market force was being called into question. It is also possible that gold prices simply reached a short term overbought condition and some players decided to bank profits.

A big range up extension in silver emboldened the bulls early in the trading session Tuesday. In fact, with initial strength in equities, energies and a host of physical commodity markets, the bull camp seemed to have a number of supportive angles in place. With a significant new low for the move in the Dollar, the currency influence was certainly adding into the bull's control. However, a retrenchment in gold from the initial highs and a two sided US equity market trade seemed to foster a modest wave of profit taking in silver just ahead of mid session. From the early morning highs to the afternoon lows, silver prices saw a correction of roughly 48 cents.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from last Wednesday’s data: SPDR added 15.8 tonnes.

Note: Change in Total Tonnes from last Wednesday’s data: 1.2 tonnes were added to the trust.

Note: Change in Total Tonnes from last Wednesday’s data: 57.55 were added to the trust.

Seabridge’s (SA) completed land expansion, Randgold’s (GOLD) project sale, IAMGOLD’s (IAG) accelerated production, Barrick’s (ABX) silver sale agreement with Silver Wheaton (SLW), Newmont’s (NEM) permit, Silver Quest’s (SQI.V) exploration update, and Orko’s (OK.V) assay 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.

Puget Ventures Inc. Announces Closing of Private Placement to Raise Funds to Commence Expansion and Development Program on Werner Lake Cobalt Deposit - More
- September 08, 2009 | Item | E-mail

Seabridge Gold Completes Land Expansion at KSM Project - "Seabridge Gold Inc. ("Seabridge")(TSX:SEA - News)(AMEX:SA - News) announced today that it has completed the acquisition of 22 mineral claims totaling 8,975 hectares (approximately 22,160 acres) immediately adjacent to its 100% owned KSM project located in British Columbia, Canada from Max Minerals Ltd. ("Max"). At closing Seabridge paid Cdn$1.0 million in cash to Max, issued 75,000 of its common shares (the "Shares") to Max, and granted a 2.5% net smelter royalty ("NSR") to Max on the claims purchased, the same terms as previously announced." More
- September 08, 2009 | Item | E-mail

Brett Resources Signs Memorandum of Understanding With the Fort Frances Chiefs Secretariat and the Lac Des Mille Lacs First Nation - More
- September 08, 2009 | Item | E-mail

RT Minerals Corp. Commences Field Work on the Golden Property Adjoining West Timmins Mining and Lakeshore Gold Corp. Properties - More
- September 08, 2009 | Item | E-mail

Golden Predator Royalty & Development Corp.: Drilling Initiated at Antimony Mountain - More
- September 08, 2009 | Item | E-mail

Amerpro Resources Inc. retains Renmark Financial Communications Inc. - More
- September 08, 2009 | Item | E-mail

Jazz acquires new mineral claims - More
- September 08, 2009 | Item | E-mail

Aldridge Announces Private Placement - More
- September 08, 2009 | Item | E-mail

Canadian Royalties - Mails Special Shareholder Meeting Materials - More
- September 08, 2009 | Item | E-mail

Golden Band Resources - Summer exploration program update - More
- September 08, 2009 | Item | E-mail

Fletcher Nickel reports Texmont project status - More
- September 08, 2009 | Item | E-mail

Terra Acquires Royalty Interest in Saskatchewan Uranium Properties - More
- September 08, 2009 | Item | E-mail

DPM Announces Receipt of Commercial Discovery Certificate for Krumovgrad Gold Project, Bulgaria - More
- September 08, 2009 | Item | E-mail

Lithic Resources Ltd.: Metallurgical Testwork Underway for Crypto Project - More
- September 08, 2009 | Item | E-mail

Goldcorp Declares Ninth Monthly Dividend Payment for 2009 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its ninth monthly dividend payment for 2009 of $0.015 per share. Shareholders of record at the close of business on Friday, September 18, 2009 will be entitled to receive payment of this dividend on Friday, September 25, 2009." More
- September 08, 2009 | Item | E-mail

Amador Gold Corp Samples 60.68 g/t Gold, 23.93 g/t Silver and 0.47% Copper on RHB Zone at Horwood Property - More
- September 08, 2009 | Item | E-mail

Augyva Mining Resources Inc.: All Items Approved at Annual General Meeting & Grant of Options - More
- September 08, 2009 | Item | E-mail

Gold World Resources Signs Letter of Intent - More
- September 08, 2009 | Item | E-mail

Uranium Star to Present Green Giant Vanadium Discovery at Energy Investor Forum in Denver - More
- September 08, 2009 | Item | E-mail

C2C Gold Corporation Inc. Announces Arbitration Proceedings in Ecuador - More
- September 08, 2009 | Item | E-mail

Halo Amends Option Agreement With Goldcorp - More
- September 08, 2009 | Item | E-mail

Inter-Citic's Dachang Gold Project Exploration Update-20,000 Metre Drill Program Underway - More
- September 08, 2009 | Item | E-mail

Royal Standard Minerals, Inc. (RYSMF) Has Exercised Its Option to Purchase 100% Interest in the Railroad Project, Elko County, Nevada - More
- September 08, 2009 | Item | E-mail

Wits Gold Completes a Pre-Feasibility Study on the Bloemhoek Project, southern Free State Goldfield - More
- September 08, 2009 | Item | E-mail

Pacific Ridge Closes First Tranche of Non-Brokered Private Placement - More
- September 08, 2009 | Item | E-mail

Aldrin Closes Property Acquisition and Private Placement Financing - More
- September 08, 2009 | Item | E-mail

Terrane Defines New Copper-Gold Porphyry Targets at Mt. Milligan - More
- September 08, 2009 | Item | E-mail

TerraX commences fieldwork on its Sunbeam-Pettigrew and Blackfly Gold Properties, Atikokan area, Northwest Ontario; over 25 Structural Targets to Explore - More
- September 08, 2009 | Item | E-mail

American Lithium Minerals Inc. Appoints Keith Evans to the Board of Advisors and Also as Its Project Manager for Its Clayton/Montezuma Area Projects - More
- September 08, 2009 | Item | E-mail

Volta signs letter of intent to purchase the advanced Kiaka Gold Project in Burkina Faso from Randgold Resources - More
- September 08, 2009 | Item | E-mail

Avalon Announces Appointment of Former National Chief Phil Fontaine to Its Board of Directors - More
- September 08, 2009 | Item | E-mail

Trilliant Exploration Reports Gold Mining Revenue Estimates From Operations in August - More
- September 08, 2009 | Item | E-mail

EagleRidge Minerals Options Freeman and Bolger Claims in the Rice Lake Greenstone Belt of Southeast Manitoba - More
- September 08, 2009 | Item | E-mail

Mountain Boy Minerals Ltd. - Completion of 43-101 Resource Report for BA Property to Commence - More
- September 08, 2009 | Item | E-mail

Strateco Starts 2,000 Meter Drill Program on Pacific Bay Uranium Claims, Otish Mountains, Quebec - More
- September 08, 2009 | Item | E-mail

Canadian Mining's Bullard Pass Gold Project on the Move - More
- September 08, 2009 | Item | E-mail

Donner Metals Ltd.: Engineering Contract Awarded; Feasibility Fast-Tracked - More
- September 08, 2009 | Item | E-mail

G4G Resources Concludes Agreement to Acquire Geothermal Properties in San Juan Province, Argentina - More
- September 08, 2009 | Item | E-mail

U3O8 Corp. Grants Stock Options - More
- September 08, 2009 | Item | E-mail

Western Standard to acquire Freegold's Almaden gold project - More
- September 08, 2009 | Item | E-mail

Marathon's Drilling Pushing New Boundaries - More
- September 08, 2009 | Item | E-mail

Katanga Announces Accelerated Development Plan - More
- September 08, 2009 | Item | E-mail

Unionized Employees Begin Strike at Cameco Fuel Manufacturing - More
- September 08, 2009 | Item | E-mail

Detour Gold to Announce Pre-Feasibility Results - More
- September 08, 2009 | Item | E-mail

Diamond Drilling Confirming High Grade Mineralization at North Zone, Falea U-Ag-Cu Project, Mali-West Africa - More
- September 08, 2009 | Item | E-mail

Randgold Resources Signs Letter of Intent to Sell Interest in Kiaka Gold Project - "Randgold Resources (LSE:RRS - News) (NASDAQ:GOLD - News) has signed a letter of intent with Volta Resources Inc ("Volta") (TSX:VTR - News) to sell its entire interest in the Kiaka gold project in Burkina Faso to Volta for an aggregate cash consideration of CAN$4 million and an aggregate share consideration of 20 million common shares in Volta, to be paid and issued over a period of 24 months following the closing of the disposal." More
- September 08, 2009 | Item | E-mail

Dana Market Capitalization Below Book Value - More
- September 08, 2009 | Item | E-mail

Black Mountain Resources Inc. to Close On the Front Range Gold JV Property, Gold Hill Mining District, Colorado - More
- September 08, 2009 | Item | E-mail

Rainy River Announces Results of Infill and Exploration Drilling and Provides Update on 2009 Plans - More
- September 08, 2009 | Item | E-mail

Lydian Intersects First Significant Gold at Erato: 56m at 1.2 g/t (Open at Depth), 1.5km North of Current Resource at Amulsar, Armenia - More
- September 08, 2009 | Item | E-mail

Tiomin to Increase Gold Exploration Portfolio - More
- September 08, 2009 | Item | E-mail

Sage Gold Inc.: 351.58 g Au/T Over 1.28 Metres- Channel Sample- King Solomon's Pillars - More
- September 08, 2009 | Item | E-mail

Clifton Star Resources, Inc.: NI-43-101 Mineral Resource on Beattie-Donchester at 2,081,209 oz Au With One Gram Cut-Off - More
- September 08, 2009 | Item | E-mail

Wesdome cuts 26.1 gAu/tonne over 10.3 metres and 16.5 gAu/tonne over 12.3 metres in Dubuisson drilling - More
- September 08, 2009 | Item | E-mail

Golden Minerals Announces the Sale of Three Mineral Claims in Mexico - More
- September 08, 2009 | Item | E-mail

Esperanza Silver Corporation: Cerro Jumil Preliminary Economic Assessment Very Positive - More
- September 08, 2009 | Item | E-mail

Western Copper Identifies Significant Zones of Potential Mineralization at Casino - More
- September 08, 2009 | Item | E-mail

Lara Exploration Ltd.: Curionopolis Exploration License Granted and Iron-Ore Joint Venture Completed - More
- September 08, 2009 | Item | E-mail

Capstone Announces Additional Mineral Claims Acquired Adjacent to Cozamin Copper Mine, Mexico - More
- September 08, 2009 | Item | E-mail

Bard Ventures Ltd.: First Phase of 2009 Exploration Completed on the Lone Pine Molybdenum Property - More
- September 08, 2009 | Item | E-mail

Silver Quest Resources Ltd.: Exploration Update Capoose-Silver Trend and Davidson Projects - "On the Capoose-Silver Trend property, the company has recently received government permits approving a 1,500 metre diamond drill program, to commence in mid-September. Driftwood Diamond Drilling of Smithers, B.C. have been contracted to undertake this program. The drill program is designed to test for expansion of the mineralization intersected in hole D-91 which returned 240.0-metres averaging 45.4 gram per tonne (g/t) silver and 0.76 g/t gold. Included in this intercept were two upper zones of higher grade silver mineralization, including an 18.0-metre intercept averaging 157.5 g/t silver and 0.59 g/t gold and; and a 34.0-metre intercept averaging 81.8 g/t silver and 0.96 g/t gold." More
- September 08, 2009 | Item | E-mail

Delineation Drilling by Pan American Confirms Orko Results 32.7 Metres of 267.9 g/t Ag Eq Silver Intercepted - "Orko Silver Corp. (TSX VENTURE:OK - News) is pleased to announce that it has received the Phase-I delineation drilling assay results from joint venture partner Pan American Silver Corp. (PAA) on La Preciosa Project in Durango, Mexico." More
- September 08, 2009 | Item | E-mail

IAMGOLD Accelerates Production at Essakane - "IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD) today announced acceleration of production during the early years at its Essakane project in Burkina Faso, West Africa. The acceleration of production is a result of increasing the processing rate, allowing access to higher grade ore sooner and optimizing the mine plan. This is estimated to increase gold production during 2010 and 2011 to total between approximately 480,000 ounces and 490,000 ounces. All amounts are expressed in U.S. dollars unless otherwise indicated." More
- September 08, 2009 | Item | E-mail

Barrick Announces Silver Sale Agreement - "Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX - News) announced today that it has entered into an agreement with Silver Wheaton Corp. (NYSE:SLW - News)(TSX:SLW - News) to sell 25% of the life-of-mine silver production from the Pascua-Lama project and 100% of silver production from the Lagunas Norte, Pierina and Veladero mines until project completion at Pascua-Lama. Barrick will receive a cash deposit of $625 million payable over three years as well as ongoing payments for each ounce of silver delivered under the agreement." More
- September 08, 2009 | Item | E-mail

Silver Wheaton acquires 25% of life of mine silver production from Barrick's Pascua-Lama project - "Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX, NYSE:SLW - News News) is pleased to announce that it has agreed to acquire from Barrick Gold Corporation ("Barrick") 25% of the life of mine silver production from its Pascua-Lama project, as well as 100% of the silver production from its Lagunas Norte, Pierina and Veladero mines until the end of 2013. Silver Wheaton will pay Barrick total cash consideration of US$625 million over three years, as well as ongoing payments of the lesser of US$3.90 (subject to an annual inflation adjustment) and the prevailing market price, for each ounce of silver delivered under the agreement." More
- September 08, 2009 | Item | E-mail

Silver Wheaton announces US$250 million bought deal financing - "Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX, NYSE:SLW - News News) is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they have agreed to purchase, on a bought deal basis, 22,525,000 common shares of Silver Wheaton at a price of US$11.10 per share (the "Offering"), for aggregate gross proceeds to Silver Wheaton of approximately US$250 million." More
- September 08, 2009 | Item | E-mail

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