Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Stocks Drop In Late Trade

	Close	Gain/Loss
Gold	$1063.10	+$5.70
Silver	$17.79	+$0.24
XAU	174.34	+0.06%
HUI	437.26	-0.17%
GDM	1306.41	-0.03%
JSE Gold	2582.48	+0.92
USD	75.12	-0.44
Euro	150.06	+0.56
Yen	109.99	-0.19
Oil	$81.37	+$2.25
10-Year	3.411%	+0.074
T-Bond	119.78125	-0.875
Dow	9949.36	-0.92%
Nasdaq	2150.73	-0.59%
S&P	1081.40	-0.89%

Gold traded mixed in Asia before it fell back off in London to see a loss of $9.25 at $1048.15 by about 9AM EST in New York, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1064.75 with a gain of 0.54%. Silver followed a similar pattern and fell as much as $0.27 to $17.28 before it also climbed back higher in the last several hours of trade and ended at its session high of $17.79 with a gain of 1.37%.

Euro gold fell to about €707 on euro strength, platinum gained $20.50 to $1363.50, and copper gained over 10 cents to about $3.03.

Gold and silver equities saw slight losses at the open before they rallied back higher for most of the rest of trade and saw about 3% gains by mid-afternoon, but they fell back off in late trade and ended near unchanged on late weakness in the major indices that dragged everything lower.

The Fed's Beige Book saw some improvements in housing and manufacturing activity, but those are improvements from very low levels of activity. Tomorrow at 8:30AM EST brings Initial Jobless Claims for 10/17 expected at 517,000 and at 10AM are Leading Economic Indicators for September expected at 0.9% and the FHFA Housing Price Index for August expected at 0.3%.

Oil rose after the Energy Information Administration reported that crude inventories built just 1.3 million barrels, gasoline inventories fell a larger then expected 2.3 million barrels, and distillates fell 800,000 barrels.

The U.S. dollar index turned markedly lower as the euro climbed over 150 and the “Sterling rose after Bank of England meeting minutes suggested officials are not ready to expand an emergency asset buying program and had "differences of view" on inflation.”

Treasuries fell as the Dow, Nasdaq, and S&P rose for most of the day on mostly better than expected earnings reports from several banks last quarter, but the major indices then fell back off in late trade and ended with notable losses after a research note from Dick Bove on Wells Fargo was circulated. “Bove cut the shares to “sell” and said earnings were boosted by hedging gains rather than improving business trends.”

Among the big names making news in the market today were Boeing, Continental, Eli Lilly, US Bancorp, Altria Group, Galleon, Morgan Stanley, and Wells Fargo.

Then mindset of the market today viewing the Euro trading at the 1.50 level in consideration of Oral Intervention by Euroland officials yesterday is anticipating concerted intervention to prevent the Euro from rising above that level.

The spin on the Euro at 1.50 is the strength of the world economies coming out of the recession, and therefore the move away from the "safe haven" dollar.

Oral and market intervention in the history of major bull and bear markets in currencies has been useless except in the very short term.

Think about all the banner news articles about Swiss Franc intervention to prevent appreciation, and about how useless it has been.”- Jim Sinclair, JSMineset.com

	Product name	Total Tonnes	Total Ounces	Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)	SPDR® Gold Shares	1109.314	35,665,560	US$37,574m
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )	Gold Bullion Securities	132.18	4,267,845	US$4,528m
Australian Stock Exchange (ASX)	Gold Bullion Securities	14.37	460,410	US$490m
Johannesburg Securities Exchange (JSE)	New Gold Debentures	52.70	1,694,276	US$1,799m
NASDAQ Dubai	Dubai Gold Securities	0.155	4,987	US$5m

Note: Change in Total Tonnes from yesterday’s data: The LSE added 0.31 tonnes.

Profile as of 10/20/2009
Total Net Assets	$2,558,820,566	Ounces of Gold in Trust	2,419,519.809
Shares Outstanding	24,650,000	Tonnes of Gold in Trust	75.26

Profile as of 10/20/2009
Total Net Assets	$4,915,064,782	Ounces of Silver in Trust	276,900,396.800
Shares Outstanding	281,650,000	Tonnes of Silver in Trust	8,612.57

Gold Fields’ (GFI) cyanide accreditation, Paramount’s (PZG) drill results, Buenaventura’s (BVN) resumed operations, and Freeport’s (FCX) third quarter results and reinstated dividend 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.

Ur-Energy Congratulates Crosshair Exploration and Mining on Completion of its Earn-In to The Bootheel Project, LLC - More
- October 21, 2009 | Item | E-mail

Rockhaven Resources Ltd. Announces New Vein Discovery at Its Ruby Range Project - More
- October 21, 2009 | Item | E-mail

MDN Provides an Update on Anita - More
- October 21, 2009 | Item | E-mail

Evolving Gold Intersects 36.6 meters at 4.11 gpt Au included in 175.3 Meters of 1.86 gpt Gold at Rattlesnake Hills - More
- October 21, 2009 | Item | E-mail

Alto Group Holdings Inc. Reports Alto-Ashanti Project Timely as Gold Reaches Record Highs - More
- October 21, 2009 | Item | E-mail

Volta closes $8,314,045 bought deal private placement - More
- October 21, 2009 | Item | E-mail

J-Pacific Commissions Micon International for Scoping Study of Blackdome and Elizabeth Properties - More
- October 21, 2009 | Item | E-mail

Stellar Pacific Ventures Inc. to Acquire 100% of Monster Lake Gold Property in the Chibougamau Mining Camp Quebec - More
- October 21, 2009 | Item | E-mail

All Gold Fields Mines now Cyanide Code Accredited - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that is has become the first mining group, registered as a signatory with the International Cyanide Management Institute (ICMI[1]), to obtain accreditation for all its eligible operations with the International Cyanide Management Code (Cyanide Code)." More
- October 21, 2009 | Item | E-mail

SEMAFO's Airborne Survey Identifies New Prospective Targets at Mana - More
- October 21, 2009 | Item | E-mail

Lincoln Mining receives approval to start drilling at Pine Grove property, Nevada - More
- October 21, 2009 | Item | E-mail

Eyes on Congress after Peru mining strike ends - "Peruvian mine workers returned to work on Wednesday after a 48-hour mining strike to pressure Congress to pass two bills that would improve labor benefits, the national association of mining unions said." More
- October 21, 2009 | Item | E-mail

Golden Phoenix Minerals Reports Scorpio Gold's Surface RC Drilling Findings at Mineral Ridge Gold Deposit - More
- October 21, 2009 | Item | E-mail

Premium Exploration Appoints Pro-edge Inc. to Provide Investor Relations - More
- October 21, 2009 | Item | E-mail

Miner Freeport-McMoRan's quarterly profit soars - "Freeport-McMoRan Copper & Gold Inc (FCX.N) said on Wednesday that third-quarter profit soared, trouncing Wall Street expectations as the mining company benefited from higher metal prices and cost savings." More
- October 21, 2009 | Item | E-mail

RJK Explorations/GLR Resources Drilling Airborne EM Anomalies - More
- October 21, 2009 | Item | E-mail

SIRIOS & DIOS: High Grades Confirmed on the PONTAX-Lithium Property - More
- October 21, 2009 | Item | E-mail

Savant Explorations Ltd. Announces Induced Polarization Survey on Gabriela Property Located 45 km From Chuquicamata Mine, Northern Chile - More
- October 21, 2009 | Item | E-mail

Apoquindo Obtains Surface Rights Agreement for the Chalcocite-Enriched Zafranal Porphyry Cu-Au Project, Department of Arequipa, Peru - More
- October 21, 2009 | Item | E-mail

Ucore Uranium Inc.: Alaska Senator Weighs in on Rare Earths - More
- October 21, 2009 | Item | E-mail

Weststar Commences Drill Program On Axe Property - More
- October 21, 2009 | Item | E-mail

Hana Mining RC Drilling Intersects 2.72% Cu and 64.8 g/t Ag Over 14 Metres in North Limb of Banana Zone - More
- October 21, 2009 | Item | E-mail

Butler Increases Financing - More
- October 21, 2009 | Item | E-mail

Converge Global and Sparrowtech Resources to Close Merger - More
- October 21, 2009 | Item | E-mail

Pacific Bay Acquires BC Gold Property - More
- October 21, 2009 | Item | E-mail

Northern Gold Files NI 43-101 Report and Receives Acceptance of Option Agreement on Garrison Gold Property - More
- October 21, 2009 | Item | E-mail

Denarii Resources Update -- Completion of Gold Property Acquisition - More
- October 21, 2009 | Item | E-mail

Canadian Mining Retains LMC Communications Inc. - More
- October 21, 2009 | Item | E-mail

High River Gold Announces Appointment of Chief Executive Officer - More
- October 21, 2009 | Item | E-mail

SearchGold and Swala to Start Drilling in November 2009 on Arae-Gassel Burkina Faso - More
- October 21, 2009 | Item | E-mail

Skymark Research Initiates Independent Research Coverage On PolyMet Mining Corp. - More
- October 21, 2009 | Item | E-mail

Castle Gold Q3-2009 Operating Performance-El Castillo Gold Production Increases 65 Percent Compared to Q3-2008 - More
- October 21, 2009 | Item | E-mail

African Aura Mining Inc. - Directors' Share Dealing - More
- October 21, 2009 | Item | E-mail

Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility - More
- October 21, 2009 | Item | E-mail

Inter-Citic Reports Definition of New 2 Kilometre Zone of Gold Mineralization at Dachang - More
- October 21, 2009 | Item | E-mail

Adex Mining Launches New Website and Provides Corporate Update - More
- October 21, 2009 | Item | E-mail

Pacific North West Capital Corp. Mobilizes Drill to Rock & Roll Polymetallic (Au-Ag-Cu-Pb-Zn) Project, British Columbia - More
- October 21, 2009 | Item | E-mail

Early Exercise of Warrants by Lexam Cashes Up VG Gold - More
- October 21, 2009 | Item | E-mail

Manicouagan Commences Drilling at Dorothy-Dobie Lake Property, Pickle Lake, Ontario - More
- October 21, 2009 | Item | E-mail

Lexam Explorations Inc.: Early Exercise of VG Gold Warrants Increases Ownership to 42% - More
- October 21, 2009 | Item | E-mail

New Dawn Mining Corp. Reports Gold Sales from Turk Mine in Zimbabwe for the Quarter Ended September 30, 2009 - More
- October 21, 2009 | Item | E-mail

Robex Announces Closing of Private Placement of $750,000 - More
- October 21, 2009 | Item | E-mail

General Metals Reports CNI 43-101 Compliant Resource Calculation Totaling 1.07 Million Ounces Gold and 3.9 Million Ounces Silver at Independence Mine - More
- October 21, 2009 | Item | E-mail

Boxxer aquires First Right of Refusal on Chiquita gold mine property - More
- October 21, 2009 | Item | E-mail

Rocher Deboule Minerals Corp.: Drilling Begins on Rare Earth/Carbonitite Niobium Property - More
- October 21, 2009 | Item | E-mail

Sacre-Coeur's Preparations for Test Mining at Million Mountain Alluvial Zone 2 Nearing Completion - More
- October 21, 2009 | Item | E-mail

Paramount Gold and Silver Reports Positive Results from Monte Cristo Target - "New diamond drilling by Paramount Gold and Silver Corp. ("Paramount Gold") (AMEX:PZG - News)(TSX:PZG - News) (Frankfurt:P6G - News) on its 100% owned Monte Cristo target in the Palmarejo District of North Central Mexico has substantially expanded the target's size and verified new, highly prospective bulk-mineable styles of gold and silver mineralization." More
- October 21, 2009 | Item | E-mail

Operations Resumed at Buenaventura's Mines - "Compania de Minas Buenaventura S.A.A. ("the Company" or "Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company announced today that operations have resumed at the Company's two operating units, Orcopampa and Uchucchacua, after the conclusion of a 48-hour strike by the National Mining Federation." More
- October 21, 2009 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Reinstates Annual Cash Dividend on Common Stock of $0.60 per Share - "Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) announced today that its Board of Directors has reinstated an annual cash dividend on its common stock of $0.60 per share. The Board would declare a quarterly dividend of $0.15 per share, with the initial dividend expected to be paid on February 1, 2010." More
- October 21, 2009 | Item | E-mail

Freeport-McMoRan Copper & Gold Inc. Reports Third-Quarter and Nine-Month 2009 Results - "Net income attributable to common stock for third-quarter 2009 was $925 million, $2.07 per share, compared with $523 million, $1.31 per share, for third-quarter 2008. Net income attributable to common stock for the first nine months of 2009 was $1.6 billion, $3.70 per share, compared with $2.6 billion, $6.20 per share, for the first nine months of 2008." More
- October 21, 2009 | Item | E-mail

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