-- Posted 5 November, 2009 | | Source: SilverSeek.com

The Metals:

Gold climbed to as high as $1097.42 in after hours access trade yesterday before it fell to $1083.70 in late Asian trade and then spiked back up to $1093.95 in early London trade, but it then chopped its way back slightly lower for most of the rest of trade and ended with a gain of just 0.19%.  Silver fell to as low as $17.20 in Asia before it rebounded to $17.497 by about 9AM EST in New York, but it also fell back off a bit into the close and ended with a loss of 0.06%.

Euro gold rose to about €733, platinum lost $3 to $1355.50, and copper fell a few cents to about $2.95.

Gold and silver equities traded mixed and near unchanged throughout trade and ended with slight gains.

Coventry Resources Intersects High-Grade Gold at Pele Mountain's Ardeen Project
By: Pele Mountain Resources Inc.

The Economy:

Tomorrow at 8:30AM EST brings October’s jobs data.  Nonfarm Payrolls are expected at -175,000, the Unemployment Rate is expected at 9.9%, Hourly Earnings are expected at 0.1%, and the Average Workweek is expected at 33.1.  At 10AM is the Wholesale Inventories report for September expected at -1.0% and at 2PM is Consumer Credit for September expected at -$10.0 billion.

The Markets:

Charts Courtesy of http://finance.yahoo.com/

Oil fell back below $80 as the U.S. dollar index halted yesterday’s plunge and ended with a slight gain after the European Central Bank and Bank of England left interest rates unchanged in their policy meetings this morning.

Treasuries rose slightly ahead of tomorrow’s jobs data and next week’s bond auctions.

The Dow, Nasdaq, and S&P rose roughly 2% on better than expected earnings reports, optimism over the strong Productivity reading, and on the comfort of continued low interest rates from the fed for an “extended period.”

Among the big names making news in the market today were Toyota, Sara Lee, Thomson Reuters, Nasdaq, Scripps, Hyatt, and JPMorgan.

GATA Posts:

Rand Paul takes lead in Kentucky Republican Senate race

John Embry: Con job in the financial markets continues

Ted Butler: The bomb squad

Financial Times lets GoldMoney's Turk mock paper gold

Domestic gold cheaper than IMF's, ex-China bank adviser says

Sri Lanka's central bank has bought gold for months, wants more

Peter Brimelow: Is India clearing way for gold 'moonshot'?

Fed statement may let gold continue upward course

William Pesek: India shows hedge-fund savvy with huge gold buy

FX strategists in poll expect long, slow slide for dollar

The Statistics:

Activity from: 11/04/2009

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.81: -0.02 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 8,740.15: -3.85 change from yesterday’s data.

The Miners:

ITH’s (THM) JV agreement, Almaden’s (AAU) assay results, Northern Dynasty’s (NAK) pebble fund, Exeter’s (XRA) assay results, Allied Nevada’s (ANV) third quarter results, Aurizon’s (AZK) third quarter results, Royal Gold’s (RGLD) first quarter results, Midway’s (MDW) updated mineral resource estimate, Kirkland’s (KGI.TO) operations update, Vista’s (VGZ) project update, Alexco’s (AXU) drill results, Coeur’s (CDE) quarterly results, Sabina’s (SBB.V) graduation to the TSX, Scorpio’s (SPM.TO) drill highlights, and SilverCrest’s (SVL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

All of today's gold and silver stock news:

Mustang Announces Non-Brokered Private Placement - More
- November 05, 2009 | Item | E-mail

SIRIOS Resources Inc.: Closing Date of the Private Placement Postponed - More
- November 05, 2009 | Item | E-mail

Goldcliff Resource Corporation: Bonanza Trench Drill Holes Return 12.45 g/t Gold - More
- November 05, 2009 | Item | E-mail

Breakwater Resources Ltd. Announces Executive Change - More
- November 05, 2009 | Item | E-mail

Far West Mining Confirms Higher Iron Grades at Santo Domingo - More
- November 05, 2009 | Item | E-mail

NQ Exploration Inc.: Shares Issued to Societe de Developpement de la Baie-James - More
- November 05, 2009 | Item | E-mail

Hana Mining: Director Resigns From Board - More
- November 05, 2009 | Item | E-mail

International Tower Hill Reaches JV Agreement on Chisna Copper-Gold Project, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX-V:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce that it has entered into a Joint-Venture Agreement dated November 2, 2009 with Ocean Park Ventures Corp. ("OPV") on the Chisna Copper/Gold Project located in the Hartman Mining District of South Central Alaska. Pursuant to the JV Agreement, an Alaskan subsidiary of OPV ("Subco") and Raven Gold Alaska Inc. ("Raven"), a subsidiary of ITH, will form a joint venture (the "JV") for the purpose of exploring and developing the Chisna Project." More
- November 05, 2009 | Item | E-mail

United Reef Options and Stakes Claims Covering Several Gold Occurences in the Kenora Mining Division, Ontario - More
- November 05, 2009 | Item | E-mail

Alexco Announces Additional 2009 Drill Results, Keno Hill District, Yukon: Keno 700 Drilling Intersects 1.03 Meters of 18.48 g/t Gold - "Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to announce additional results from its 2009 exploration core drilling program at the Keno Hill Project, Yukon. Exploration drilling in the vicinity of the historical Keno 700 mine has intersected gold-rich mineralization approximately 450 meters southwest of similar mineralization encountered in 2008. The Keno 700 area is located approximately 2 kilometers southeast of the Lucky Queen and 3 kilometers northeast of the Bellekeno historical mine areas." More
- November 05, 2009 | Item | E-mail

Trueclaim Exploration Inc. Announces Non-Brokered Private Placement to Raise $1 Million for Exploration Program for Claims Recently Acquired - More
- November 05, 2009 | Item | E-mail

Golden Predator Intersects 12.45 gpt Gold Over 4.88 m Including 28.81 gpt Gold Over 2.45 m From the AJ Vein at Antimony Mountain, YT - More
- November 05, 2009 | Item | E-mail

J-Pacific Receives British Columbia Mining Exploration Tax Credit Refund - More
- November 05, 2009 | Item | E-mail

Wallbridge Mining To Expand Drill Program on Rogers Creek Copper-Gold-Molybdenum Property - More
- November 05, 2009 | Item | E-mail

Northern Freegold Executes Option Agreement for Tad/Toro Property in Dawson Range Mining Camp, Yukon - More
- November 05, 2009 | Item | E-mail

Bravo Expands Silver Zone at Homestake Ridge - More
- November 05, 2009 | Item | E-mail

First Uranium continues to operate and ramp up production at its Mine Waste Solutions tailing recovery operation - More
- November 05, 2009 | Item | E-mail

New Island Provides Update on Its Projects - More
- November 05, 2009 | Item | E-mail

Almaden's Tarsis Discovers High-Grade Surface Gold Zone - "Almaden Minerals Ltd. ("Almaden") (TSX:AMM - News)(AMEX:AAU - News) is pleased to report that Tarsis Resources Ltd. ("Tarsis") (TSX:TCC - News), in which Almaden holds a roughly 27.6% interest, has received assay results from the end of the 2009 field program at the Prospector Mountain property. The 5,000 hectare Prospector Mountain project is 100% owned by Tarsis (subject to a 2% NSR held by Almaden) and located in southwestern Yukon, Canada." More
- November 05, 2009 | Item | E-mail

Canada Lithium focuses on advanced Quebec Project; relinquishes interest in grassroots Nevada brines play - More
- November 05, 2009 | Item | E-mail

Southern Hemisphere Mining Announces the Completion of the $3 Million Private Placement and the Results From the Diamond Drill Program at the Los Pumas Manganes - More
- November 05, 2009 | Item | E-mail

Strong uranium potential supported by channel sample results at Azimut's North Rae and Daniel Lake properties, Quebec - More
- November 05, 2009 | Item | E-mail

Gold Summit Gains 100% Interest in Nevada Lithium Brine Exploration: Joint Venture Partner Withdraws - More
- November 05, 2009 | Item | E-mail

New Guinea Gold Rejects Meeting Requisition - More
- November 05, 2009 | Item | E-mail

Mining equipment fleet secured for Copper Mountain Project - More
- November 05, 2009 | Item | E-mail

Forsys Announces Board Changes - More
- November 05, 2009 | Item | E-mail

More Results From the 2009 Hotish Program: B-1 Zone Yields - More
- November 05, 2009 | Item | E-mail

Coventry Resources Intersects High-Grade Gold at Pele Mountain's Ardeen Project - More
- November 05, 2009 | Item | E-mail

Klondike Silver Corp Plans Follow-Up Program on Drill Intersection of 2393 g/t Silver Over 0.41 Meters in Gowganda, Ontario - More
- November 05, 2009 | Item | E-mail

Apoquindo Announces High-Grade Surface Sample Copper Results 6.5 km West of the Main Zone at the Chalcocite-Enriched Zafranal Porphyry Cu-Au Project - More
- November 05, 2009 | Item | E-mail

Linux Gold Corp. Receives Extensive Data on the Dime Creek, Alaska Gold/Platinum Property - More
- November 05, 2009 | Item | E-mail

Trevali Plans $7-Million Private Placement Financing - More
- November 05, 2009 | Item | E-mail

Nautilus Maintains Strong Cash Position and Achieves Significant Project Milestone - More
- November 05, 2009 | Item | E-mail

Parlane Enters Into Agreements to Acquire Mexican Properties - More
- November 05, 2009 | Item | E-mail

Geologix Acquires Right to Purchase 100% Interest in the Tepal Gold-Copper Project, Mexico - More
- November 05, 2009 | Item | E-mail

Gold Canyon Reports on Review of Springpole Gold Project - More
- November 05, 2009 | Item | E-mail

Golden Share Starts Drilling on Malartic Lakeshore - More
- November 05, 2009 | Item | E-mail

Jien Canada's Current Offers Are Full and Final - More
- November 05, 2009 | Item | E-mail

Midland Exploration Announces the Increase of the Private Placement - More
- November 05, 2009 | Item | E-mail

Golden Hope Mines Completes Trenching and Bulk Sampling on Its Bellechasse (Timmins) Gold Deposit - More
- November 05, 2009 | Item | E-mail

Majescor and SACG Start Drilling at the SOMINE Copper-Gold Property in Haiti - More
- November 05, 2009 | Item | E-mail

Unico, Inc. Announces Updated Tonnage Potential Calculations for Mine and Exploration Targets on the Deer Trail Mine Property - More
- November 05, 2009 | Item | E-mail

American Lithium Minerals Signs Letter of Intent to Acquire Premier Lithium Property in Utah - More
- November 05, 2009 | Item | E-mail

Katanga Announces Appointment of New Director - More
- November 05, 2009 | Item | E-mail

Chariot Resources Updates Shareholders on Critical Path Progress and the Sale Process - More
- November 05, 2009 | Item | E-mail

Radius Acquires Yukon Gold Project - More
- November 05, 2009 | Item | E-mail

Pebble Fund Provides Second Round of Grants to Bristol Bay Community Groups - "Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TSX: NDM; NYSE Amex: NAK) announces that the Pebble Fund for Sustainable Bristol Bay Fisheries and Communities ("Pebble Fund"), a community investment fund established by the Pebble Limited Partnership ("PLP" or "Pebble Partnership") in 2008, has distributed nearly $600,000 in grants to 18 nonprofit groups, school districts, youth projects, village and tribal council recipients in southwest Alaska this fall." More
- November 05, 2009 | Item | E-mail

Advanced Explorations Inc. Announces New Iron Ore Discovery - More
- November 05, 2009 | Item | E-mail

Eagle Hill Announces Planned Work Program for Windfall Lake Property - More
- November 05, 2009 | Item | E-mail

Alexis Starts Bulk Sample at Lac Pelletier Gold Mine Project - More
- November 05, 2009 | Item | E-mail

NAP Acquires Harricana North Property from Diagnos Inc. - More
- November 05, 2009 | Item | E-mail

Glen Eagle Resources Inc.: Drilling Is Scheduled to Start on Gaz Gold - More
- November 05, 2009 | Item | E-mail

Oro Gold Increases Land Position North of Trinidad Property, Mexico - More
- November 05, 2009 | Item | E-mail

Nemaska Exploration Inc.: Nemaska Reports 100.9 m of Spodumene Beargn Pegmatie on Whabouchi - More
- November 05, 2009 | Item | E-mail

Wesdome Gold Mines Ltd. - Pukaskwa drilling to commence - More
- November 05, 2009 | Item | E-mail

Aura Minerals Third-Quarter 2009 Earnings Release and Conference Call Notification - More
- November 05, 2009 | Item | E-mail

Latin American Minerals Discovers Important New Gold Zone at Its Paso Yobai Gold Project, Paraguay - More
- November 05, 2009 | Item | E-mail

Consolidated Thompson Announces Third Quarter Financial Results - More
- November 05, 2009 | Item | E-mail

Rocher Deboule Minerals Corp.: Drilling Program Completed on Niobium Rare Earth Property - More
- November 05, 2009 | Item | E-mail

Alamos Gold Inc. Reports Third Quarter 2009 Financial Results: Record Earnings of $0.13 Per Share and Record-Low Total Cash Costs of $314 Per Ounce] - More
- November 05, 2009 | Item | E-mail

White Mountain Reports Completion of Stage 2 Pilot Plant Test Work Program - More
- November 05, 2009 | Item | E-mail

Caerus Resource Granted Nine Concessions in Two of Colombia's Most Prolific Gold Districts - More
- November 05, 2009 | Item | E-mail

Northland Resources Inc.: Exploitation Concession Application Filed for Sahavaara - More
- November 05, 2009 | Item | E-mail

Cree Community of Nemaska Invests in Nemaska Exploration Inc. - More
- November 05, 2009 | Item | E-mail

Imperial and Selkirk Complete Business Combination - More
- November 05, 2009 | Item | E-mail

Hudson Drill Results Confirm High Grade Rare Earth Zones On the Greenland Sarfartoq Carbonatite Project - More
- November 05, 2009 | Item | E-mail

Dundee Precious Metals Reports Third Quarter 2009 Results - More
- November 05, 2009 | Item | E-mail

Exeter Discovers New High Grade Zone at Cerro Moro - "Of six drill holes from the new zone with significant assays, the best result to date is from hole MD666, sited 20 metres ("m") (65.6 feet ("ft")) from the boundary of the Fomicruz joint venture property. In that hole a 2.43 m (7.97 ft) interval, from a down hole depth of 254.15 m (833.8 ft), assayed 13.3 grams/tonne ("g/t") (0.39 ounce / short ton ("oz/t")) gold and 699 g/t (20.27 oz/t) silver for a gold equivalent grade* of 25 g/t (0.73 oz/t). The interval included 0.40 m (1.31 ft) assaying 56.6 g/t (1.64 oz/t) gold and 2,473 g/t (71.72 oz/t) silver (gold equivalent 98 g/t (2.84 oz/t)). Significantly, the vein is situated in a hanging wall structure above the structural position that typically hosts the Escondida vein." More
- November 05, 2009 | Item | E-mail

Coeur's New Mines Lead to Record Production and Revenue Aided by Continued Strong Silver and Gold Prices - "The Company also reported record quarterly revenue of $89.8 million, a 146% increase over last year’s third quarter revenue, along with quarterly operating cash flow of $23.0 million compared to $1.2 million of operating cash flow during last year’s third quarter." More
- November 05, 2009 | Item | E-mail

Allied Nevada Reports Record Revenues and Earnings for The Third Quarter of 2009 - "Allied Nevada reported its first positive quarterly earnings in the third quarter with net income of $5.1 million ($0.08 per share) for the third quarter of 2009 compared with a net loss of $9.7 million ($0.17 per share) for the same period in 2008. Year to date, the Company recorded a net loss of $9.3 million ($0.15 per share), compared with $26.5 million ($0.51 per share) for the same period in 2008." More
- November 05, 2009 | Item | E-mail

Sabina Gold & Silver Corp. Announces Graduation to the Toronto Stock Exchange Big Board - "This is another positive step in the evolution of Sabina as an emerging precious metals company," said Tony Walsh, President & CEO "Our recent name change and the graduation to the TSX more accurately reflect the Company's focus on accretive gold and silver assets. We believe that our existing assets, particularly in Nunavut, represent significant opportunities for investors in Sabina and will become an important contribution to future metals production in Canada." More
- November 05, 2009 | Item | E-mail

Aurizon Reports Two Consecutive Quarters of Record Revenue - "Aurizon reports financial results for the third quarter of 2009, which have been prepared on the basis of available information up to November 2, 2009. (To review the complete interim unaudited financial statements and associated Management Discussion and Analysis, which should be read in conjunction with the Company's most recent audited annual financial statements, please visit the Company's website at www.aurizon.ocm or view the Company's SEDAR filings at www.sedar.com)." More
- November 05, 2009 | Item | E-mail

Scorpio Reports Drill Highlights of Platte River Gold's La Verde Project - "Scorpio Mining Corporation (TSX:SPM - News; "Scorpio" or the "Company") reports highlights of past drilling on the San Rafael deposit (Main, Upper, and 120 Zones), and the El Cajon deposit at the La Verde project, which is 100% owned by Platte River Gold Inc. ("Platte River"). Scorpio recently announced a proposed business combination with Platte River involving the issue of 74.8 million shares of the Company. The transaction remains subject to due diligence, definitive documentation and regulatory and shareholder approvals." More
- November 05, 2009 | Item | E-mail

Royal Gold Reports Record Revenue and Free Cash Flow for Fiscal First Quarter 2010 - "ROYAL GOLD, INC. (NASDAQ:RGLD - News)(TSX:RGL - News), a leading precious metals royalty company, today announced net income attributable to Royal Gold stockholders of $7.1 million, or $0.18 per basic share, on record royalty revenue of $26.1 million for the first quarter of fiscal 2010. This compares to net income attributable to Royal Gold stockholders for the first quarter of fiscal 2009 of $5.7 million, or $0.17 per basic share, on royalty revenue of $16.1 million." More
- November 05, 2009 | Item | E-mail

Midway Gold Updates NI 43-101 Gold Resource at Pan Project, Nevada - "Midway Gold Corp. ("Midway") (TSX-V:MDW - News)(AMEX:MDW - News) is pleased to announce an updated mineral resource estimate for the Pan Project, Nevada. The new Measured and Indicated mineral resource estimate is 34.65 million tons grading 0.018 ounce per ton (opt) gold, using a 0.006 opt cutoff, for a total of 608,700 ounces of gold. There is an additional Inferred resource of 1.6 million tons grading 0.017 opt gold, containing 26,500 ounces of gold." More
- November 05, 2009 | Item | E-mail

SilverCrest Reports Pre-Production In-Fill Drill Results at Santa Elena; 22m Grading 6.37 g/t Au and 72.7 g/t Ag - "The 11 in-fill reverse circulation holes (total of 577 metres, to view attached drill plan for hole locations please click on the following link: http://media3.marketwire.com/docs/1svl114.pdf) reported below are located in the Phase I pit which represents approximately the first two years of planned metal production. The most notable intercepts of this near surface series of holes were encountered in hole SERC09-24 which intercepted 22.0 metres grading 6.37 g/t gold and 72.7 g/t silver and hole SERC09-26 with 28 metres grading 3.1 g/t gold and 115.9 g/t silver." More
- November 05, 2009 | Item | E-mail

Kirkland Lake Gold Inc.: Operations Update - "Kirkland Lake Gold Inc. (Kirkland Lake or the Company) (TSX:KGI - News; AIM:KGI) reported in its news release dated September 15th, 2009 that a new paste fill hole had been drilled and is now in operation. The Company is pleased to report that drilling of a second paste fill hole has been completed to the 3400 foot level. Drilling has also started on a third paste fill hole from surface which will go to the 4200 foot level. Paste filling operations resumed in early October with 7 stopes filled during the month and gold production resumed in these areas." More
- November 05, 2009 | Item | E-mail

- Chris Mullen, Gold Seeker Report

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