Gold Seeker Closing Report: Gold and Silver Gain Roughly 2%

	Close	Gain/Loss
Gold	$1046.50	+$16.20
Silver	$16.63	+$0.42
XAU	162.04	+4.60%
HUI	404.42	+5.25%
GDM	1206.37	+4.94%
JSE Gold	2446.72	-29.82
USD	75.97	-0.49
Euro	148.28	+1.18
Yen	109.29	-0.98
Oil	$79.87	+$2.41
10-Year	3.501%	+0.090
T-Bond	118.6875	-1.125
Dow	9962.58	+2.05%
Nasdaq	2097.55	+1.84%
S&P	1066.11	+2.25%

Gold remained near unchanged in Asia before it rose to see modest gains in London, but it then accelerated even higher in New York and ended at about its high of the session with a gain of 1.57%. Silver followed a similar pattern and ended with a gain of 2.59%.

Euro gold rose to about €705, platinum gained $27 to $1330, and copper rose nearly 10 cents to about $3.02.

Gold and silver equities rose over 5% by early afternoon and remained near that level for the rest of the day.

Report	For	Reading	Expected	Previous
GDP	Q3	3.5%	3.2%	-0.7%
Chain Deflator	Q3	0.8%	1.4%	0.0%
Initial Claims	10/24	530K	525K	531K

Tomorrow at 8:30AM EST brings Personal Spending for September expected at -0.5%, Personal Income expected at 0.0%, PCE Prices expected at -0.5%, and Core PCE Prices expected at 0.2%. At 9:45 is Chicago PMI for October expected at 48.9, at 9:55 is Michigan Sentiment for October expected at 70.0, and at 10AM is the third quarter Employment Cost Index expected at 0.4%.

Oil rose while the U.S. dollar index and treasuries fell after the stronger than expected GDP report encouraged risk taking again and inspired market participants to put cash to work into higher yielding assets.

The Dow, Nasdaq, and S&P rose about 2% on economic optimism after GDP came in higher thane expected.

Among the big names making news in the market today were Aetna, Nintendo, Boeing, Monster, Motorola, Kellogg, Sprint Nextel, Shell, Exxon Mobil, and P&G.

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.22 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.83. This represents a +3.66 tonne change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 8,612.57 - No change from yesterday’s data.

Great Basin’s (GBG) bought deal offering, Newmont’s developing projects and third quarter results, Barrick’s (ABX) third quarter results, Timberline’s (TLR) expanded land position, Richmont’s (RIC) third quarter results, Lihir’s (LIHR) dividend payout, Gold Fields’ (GFI) quarterly results, and Oro Silver’s (OSR.V) re-elected board 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.

Diamonds North Expands Gold Targets on Amaruk - More
- October 29, 2009 | Item | E-mail

Artha Retains Corporate Communications Team - More
- October 29, 2009 | Item | E-mail

Great Basin Gold Announces C$110 Million Bought Deal Offering of Convertible Debentures - "Great Basin Gold Ltd. ("Great Basin Gold" or the "Company"), (TSX:GBG - News)(AMEX:GBG - News)(JSE: GBG) announces that it has entered into an agreement with a syndicate of underwriters pursuant to which the underwriters will purchase C$110 million principal amount of senior unsecured convertible debentures (the "Debentures") at a price of C$1,000 per Debenture (the "Offering"), by way of a short form prospectus. The Company has granted the underwriters an over-allotment option to purchase up to an additional 15% of the Offering, for a period of 30 days following the closing." More
- October 29, 2009 | Item | E-mail

Treasury Metals Inc.: No Corporate Disclosure Statement - More
- October 29, 2009 | Item | E-mail

Apoquindo Minerals Inc. Reports Update of Progress of the Antakena Mining Joint Venture, Copper Oxide Project, Northern Chile - More
- October 29, 2009 | Item | E-mail

Victoria Announces That Drilling at Summit Gold Project Is Underway - More
- October 29, 2009 | Item | E-mail

Greenock to Acquire Gold Properties in Nevada - More
- October 29, 2009 | Item | E-mail

Newmont looks to Ghana, Peru for next new gold mines - "Now that its Boddington mine in Australia is close to producing gold commercially, Newmont Mining Corp (NEM.N) sees projects in Ghana and Peru as leading priorities to develop, Chief Executive Officer Richard O'Brien said on Thursday." More
- October 29, 2009 | Item | E-mail

First Gold Initiates Work on its Lithium Properties - More
- October 29, 2009 | Item | E-mail

Lund Starts Exploration at Don-Don Project - More
- October 29, 2009 | Item | E-mail

Selwyn Resources Announces Receipt of Class A Land Use Permit From the Sahtu Land and Water Board, Northwest Territories - More
- October 29, 2009 | Item | E-mail

Astral Prepares Bulk Sample Permit Application for Jumping Josephine - More
- October 29, 2009 | Item | E-mail

Hana Mining RC Drilling Intersects 2.11% Cu and 30.7 g/t Ag Over 7 Metres in new Section of South Limb of Banana Zone - More
- October 29, 2009 | Item | E-mail

New World Closes $33,750 Private Placement - More
- October 29, 2009 | Item | E-mail

Equinox Appoints Adam Wright as Managing Director of Lumwana Mining Company Limited - More
- October 29, 2009 | Item | E-mail

Ashburton Announces Encouraging Results of Preliminary Work at the "HY" Lithium Property in Nevada - More
- October 29, 2009 | Item | E-mail

Golden Peaks Resources Ltd. - Annual General Meeting Results & Update - More
- October 29, 2009 | Item | E-mail

Bravo $8.6 Million Private Placements Completed; First Tranche Closed - More
- October 29, 2009 | Item | E-mail

SEMAFO to Proceed with Pre-Feasibility Study Following Positive Preliminary Economic Assessment on Wona Underground - More
- October 29, 2009 | Item | E-mail

Norsemont Mining Commencing Aggressive Exploration Drilling Program at the Constancia Project in Peru - More
- October 29, 2009 | Item | E-mail

Verena Minerals Announces Private Placement of Up to $5 Million - More
- October 29, 2009 | Item | E-mail

Midland Starts First Exploration Program With North American Palladium on the Laflamme Gold Project - More
- October 29, 2009 | Item | E-mail

ZEOX Releases 2009 Financial Results - More
- October 29, 2009 | Item | E-mail

Itronics Announces Contractor Begins Staking Mineral Lode Claims for Auric Gold - More
- October 29, 2009 | Item | E-mail

Lateegra Commences Work in Timmins - More
- October 29, 2009 | Item | E-mail

Etna Resources Inc.: Corporate Update - More
- October 29, 2009 | Item | E-mail

Gryphon Gold Enters Into Option Agreement to Sell Its Regent Hill Property, Nevada for $2.5 Million Plus Royalty to New Era Precious Metals - More
- October 29, 2009 | Item | E-mail

Lundin Mining Appoints Paul Conibear as Senior Vice President Corporate Development - More
- October 29, 2009 | Item | E-mail

Gold Summit Announces 60,000 Ounce Shallow Gold Resource at Sugarloaf Peak - More
- October 29, 2009 | Item | E-mail

Lundin Mining Releases 2009 Third Quarter Results - More
- October 29, 2009 | Item | E-mail

Delta Uranium to Drill Uranium Targets on Its Deer Lake Properties - More
- October 29, 2009 | Item | E-mail

TNR Gold/International Lithium Increase Property Fivefold Mavis Lake, Ontario-Rare Metals Pegmatite Project - More
- October 29, 2009 | Item | E-mail

Garibaldi's Exploration Strategy Pays Off-Significant "Gold in Soil" Anomaly Discovered Over Hyperspectral Target - More
- October 29, 2009 | Item | E-mail

Argentex files independent NI 43-101 mineral resource estimate for silver-zinc-indium Pinguino property, Argentina - More
- October 29, 2009 | Item | E-mail

Nevada Gold Holdings Inc. Engages Rimrock Drilling as Drilling Contractor - More
- October 29, 2009 | Item | E-mail

Silver Quest's Partners Intersect Gold and Silver on the Davidson Property, BC - More
- October 29, 2009 | Item | E-mail

American Lithium Minerals Joins the "AGORACOM 100" and Launches Online Investor Relations Program - More
- October 29, 2009 | Item | E-mail

Tirex Provides Drilling Update - More
- October 29, 2009 | Item | E-mail

INV Closes Transaction to Option Rio Novo (Brazil) and Kaoko (Namibia) Properties - More
- October 29, 2009 | Item | E-mail

Etruscan reduces Youga Gold hedge to less than 20% of life of mine production - More
- October 29, 2009 | Item | E-mail

Intrepid Mines Limited Releases Activities Report for Third Quarter - More
- October 29, 2009 | Item | E-mail

Louvem Mines Reports Its 2009 Third Quarter Results - More
- October 29, 2009 | Item | E-mail

Southern Arc to Acquire Subsidiary of Indotan Inc. - More
- October 29, 2009 | Item | E-mail

Kivalliq Reports High-Grade Uranium Assays From Lac Cinquante Drilling - More
- October 29, 2009 | Item | E-mail

Alexandria Increases Global Resources On Its Cadillac Break Properties With NI 43-101 Compliant Resource Estimate on Sleepy - More
- October 29, 2009 | Item | E-mail

Augen Gold Corp. Announces $315,000 First Closing of $1,000,000 Non-Brokered Private Placement - More
- October 29, 2009 | Item | E-mail

Caribou Copper Resources Ltd. Encounters New Mineralization and Finishes Drilling For Season - More
- October 29, 2009 | Item | E-mail

Andean Resources Ltd.: Quarterly Report for the Quarter Ended September 30th 2009 - More
- October 29, 2009 | Item | E-mail

Northern Superior Resources Inc. Intersects Gold-Bearing Shear Zones, Thorne Lake Gold Property, Northwestern Ontario - More
- October 29, 2009 | Item | E-mail

Fischer-Watt Focusing on Cyclone Rim Uranium - More
- October 29, 2009 | Item | E-mail

MetalCORP Extends Exploration Program at Pickle Lake Gold Property, Northwestern Ontario - More
- October 29, 2009 | Item | E-mail

Lake Shore Gold Reports Results of Underground Drilling and Development at Timmins Mine, Results Confirm Previous Drilling and Expand Resource Potential - More
- October 29, 2009 | Item | E-mail

Great Western Minerals Group Continues Work at Benjamin River - More
- October 29, 2009 | Item | E-mail

Royal Mines and Minerals Corp. Signs LOI to Form and Fund a Joint Venture in Mexico - More
- October 29, 2009 | Item | E-mail

Paladin Energy Ltd: Quarterly Activities Report for Period Ending-30 September 2009 - More
- October 29, 2009 | Item | E-mail

Paladin Energy Ltd: New Langer Heinrich and Kayelekera Expansion-Production Increase for 2012 to 2014 - More
- October 29, 2009 | Item | E-mail

Velocity Minerals Ltd.-Confirms Substantial High Grade Molybdenum on Its Cassiar Moly Property - More
- October 29, 2009 | Item | E-mail

African Copper Plc: Board Changes and NOMAD and Broker Appointment - More
- October 29, 2009 | Item | E-mail

Barrick Reports Q3 Results; Significantly Reduces Gold Hedge Position - "Barrick Gold reported a net loss of $5.4 billion ($6.07 per share) compared to net income of $254 million ($0.29 per share) in Q3 2008. The net loss primarily reflects a $5.7 billion charge to earnings for a change in accounting treatment following the Company's previously announced intention to eliminate its Gold Hedges(1). Adjusted net income of $473 million ($0.54 per share)(2) compares to $404 million ($0.46 per share) in the same prior year period. Operating cash flow was a record $911 million in the third quarter, up 67% compared to $544 million in the same prior year period." More
- October 29, 2009 | Item | E-mail

Barrick, Newmont profits top expectations, shares up - "The world's two largest gold producers Barrick Gold Corp (ABX.TO) and Newmont Mining Corp (NEM.N) reported better-than-expected quarterly results on Thursday, driven by higher gold prices and increased sales." More
- October 29, 2009 | Item | E-mail

Oro Silver Board of Directors Re-Elected - "Oro Silver Resources Ltd. ("Oro Silver or the "Company") (TSX VENTURE:OSR - News) announces the re-election of all six current members of the Board of Directors by its shareholders. Darren Bahrey, Oro Silver's President and CEO, stated that maintaining the continuity of the Board will greatly benefit the Company as we continue to develop our advanced-stage assets in Zacatecas, Mexico." More
- October 29, 2009 | Item | E-mail

Timberline Expands Land Position at Its Butte Highlands Gold Project - "Timberline executed a lease agreement with an option to purchase four patented claims at its Butte Highlands Gold Project. The additional claims are contiguous to the company's existing claims and along strike with the mineralization that is expected to be mined by the company and its joint venture partner. Timberline intends to conduct geologic mapping, analyze surface samples, perform geochemical and geophysical analyses, and develop a drill program for the exploration of these claims. If additional mineralization is discovered, the company would expect to access the ore from the underground workings currently being developed at the Butte Highlands Gold Project." More
- October 29, 2009 | Item | E-mail

Richmont Mines Reports its Results for the Third Quarter of 2009 - "Along with the rest of the industry, our quarterly results definitely benefitted from the higher gold price," commented Mr. Martin Rivard, President and CEO of Richmont Mines. "However, we also made notable strides toward lowering our cash cost per ounce at our two operating mines, Island Gold and Beaufor, versus Q2 2009 levels. Furthermore, we reached our targeted annualized milling rates at our Island Gold Mine, which should translate into improved production results at this operation going forward. Lastly, development work at the Francoeur project is progressing well, and our targeted production launch continues to be the first half of 2011." More
- October 29, 2009 | Item | E-mail

LGL's (Lihir Gold) Strong Performance Enables Dividend Payout - "Lihir Gold Ltd (TSX:LGG - News)(ASX:LGL - News)(NASDAQ:LIHR - News) ("LGL") ("the Company") is pleased to announce it is to commence paying dividends to shareholders, today announcing an interim distribution of US1.5 cents per share, payable November 30." More
- October 29, 2009 | Item | E-mail

Newmont Generates Record $1.1 Billion in Operating Cash Flow and Earns $388 Million ($0.79 per share) in the Third Quarter; 2010 Equity Production to Increase - "Our continued focus on cost containment resulted in a 13% improvement in gold cost of sales per ounce over the same quarter last year. Combined with the current favorable commodity price environment, our gold operating margin grew by 41% to $560 per ounce during the quarter. Additionally, our equity gold sales grew by 4% from the year ago quarter resulting in record operating cash flow. We also celebrated the first gold pour at our Boddington operation, with ramp-up efforts continuing toward commercial production in the fourth quarter." More
- October 29, 2009 | Item | E-mail

Operating Profit of R2.8 Billion and Net Earnings of R1.0 Billion in the Quarter Ended September 2009 - "Gold Fields Limited Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced net earnings for the September 2009 quarter of R1,007 million, compared with a loss of R293 million and net earnings of R39 million for the June 2009 and the September 2008 quarters respectively. In US dollar terms net earnings for the September 2009 quarter were US$129 million, compared with a loss of US$29 million and net earnings of US$5 million for the June 2009 and the September 2008 quarters respectively." More
- October 29, 2009 | Item | E-mail

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