Gold Seeker Closing Report: Gold Gains a Sixth Straight Session

	Close	Gain/Loss
Gold	$1100.70	+$5.80
Silver	$17.45	+$0.12
XAU	180.85	+4.03%
HUI	459.71	+3.97%
GDM	1362.53	+3.83%
JSE Gold	2535.22	+4.79
USD	75.07	-0.68
Euro	149.92	+1.45
Yen	111.08	-0.16
Oil	$79.43	+$2.00
10-Year	3.486%	-0.017
T-Bond	118.50	+0.06250
Dow	10226.94	+2.03%
Nasdaq	2154.06	+1.97%
S&P	1093.07	+2.22%

Gold climbed steadily higher in Asia and London to as high as $1110.95 by about 8AM EST before it pulled back a bit in New York trade, but it still ended with a gain of 0.53%. Silver climbed to as high as $17.70 in London before it also retraced some in New York, but it still ended with a gain of 0.69%.

Euro gold fell to about €734 on euro strength, platinum gained $16 to $1355, and copper rose slightly to about $2.96.

Gold and silver equities rose over 4% in the first hour of trade and remained at about that level for the rest of the day.

Oil climbed back near $80 on a weaker dollar and worries over the impacts of tropical storm Ida which is due to hit the gulf over the next few days.

The U.S. dollar index fell about 1% as the G20 failed to come up with any measures to help halt the currency’s relentless slide.

Treasuries added to early gains after an above average 3.33 bid to cover at today’s $40 billion 3-year note auction showed evidence of strong demand. Tomorrow brings a $25 billion auction of 10-year notes.

The Dow, Nasdaq, and S&P rose about 2% on optimism over a continued global economic recovery after the G20 announced plans to keep stimulus measures in place.

Among the big names making news in the market today were Dish network, Nokia, GE and Comcast, McDonald’s, Kraft and Cadbury, and Reynolds.

The fallout from the G20 summit over the weekend was sharp and predictable – in the absence of any comments about the level of the US Dollar, currency traders began to beat it with an ugly stick within mere moments of the opening of the Forex markets. In the process traders drove it to a new yearly low and set it up for a sharp drop down to the 74 level on the USDX. There is a band of congestion on the weekly chart that appears between 72 – 74; we are in serious trouble if 72 falls as a currency crisis will be unfolding. That massive double top formation on the weekly chart projects an eventual move to as low as 54 should things get out of hand and the Dollar come under further concerted attack by the hedge fund community.

This is the reason why crude oil is acting in such a counterintuitive fashion, rallying near $3.00/barrel concerned over the indifference being displayed by the US monetary authorities towards the Dollar’s plight. Combine that disregard with the potential for another $trillion dollar health care “reform” boondoggle, and the endless string of debt production by the US governing rulers, and quantitative easing is going to go on indefinitely. One has to wonder if at some point the only buyer of US debt is going to be the Fed itself. Heaven deliver us from this madness.

The fade from session highs in gold towards the close is a minor cautionary note for short term oriented traders but the trend in gold remains solidly higher. After all, it is difficult to become too bearish on the gold market when the Dollar is a near free fall and the reset of the commodity world is screaming higher. Please refer to the 12 hour chart for some technical support and resistance levels.

One quick comment about the HUI – its rally has taken it within a few points of retracing the entire loss from July 2008 when the fallout from the derivative crisis began in earnest. The mining shares were tossed out along with the rest of the world of paper as the deleveraging process gathered steam but they have been steadily working higher. While still not moving in the fashion that many are looking for in the gold community, the mining sector has definitely been outperforming the S&P 500 as a whole.

Equities are rallying on easy money – that is all there is to it – nothing else. The very term, “jobless recovery” is an oxymoron that was created to describe the fallout from the creation of nearly unlimited $billions of dollars which have found their way to the trading desks of Wall Street. Maybe Goldman considers “God’s work” as making $billions from proprietary trading while only $millions from their core banking business but I suspect the Almighty is not particularly impressed.”- Dan Norcini, More at JSMineset.com

COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.81 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 8,740.15 - No change from yesterday’s data.

Gold Reserve’s (GRZ) property status, Gammon Gold’s (GRS) restructured and replaced credit facility, Great Basin’s (GBG) quarterly results, Anatolia’s (ANO.TO) accelerating construction, and Minefinders’ (MFN) third 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.

Cigma Metals Corporation Is Pleased to Announce Very Encouraging Results of Metallurgical Tests for Its Beskauga Deposit in the Republic of Kazakhstan - More
- November 09, 2009 | Item | E-mail

Full Metal Announces Signing of Option Agreement on its Lucky Shot Property - More
- November 09, 2009 | Item | E-mail

Fortune Valley Announces Appointment of Audit Committee - More
- November 09, 2009 | Item | E-mail

Hana Mining Announces $2,500,000 Non-Brokered Private Placement - More
- November 09, 2009 | Item | E-mail

Mansfield Minerals Inc.: Updated Resource Estimate for Lindero Oxide Gold Deposit - More
- November 09, 2009 | Item | E-mail

Breakwater Resources Ltd. Provides Update on Myra Falls - More
- November 09, 2009 | Item | E-mail

Trilliant Exploration Raises Additional Funds for Gold Mining Operations - More
- November 09, 2009 | Item | E-mail

Goldrich Announces Forward Gold Sales to Finance Commercial Production at Chandalar - More
- November 09, 2009 | Item | E-mail

HoneyBadger Cancels Private Placement - More
- November 09, 2009 | Item | E-mail

Fancamp Closes Flow-Through Financing With MineralFields Group; Further Drilling Planned at McFauld's Lake - More
- November 09, 2009 | Item | E-mail

Ur-Energy Inc.: Lost Creek Makes Significant Progress on Permitting - More
- November 09, 2009 | Item | E-mail

Newstrike Resources Ltd. Options New Mineral Prospect - More
- November 09, 2009 | Item | E-mail

Orebodies Commences Work on Lithium/Ree Properties - More
- November 09, 2009 | Item | E-mail

Douglas Lake Signs an Agreement on the Mkuvia Project - More
- November 09, 2009 | Item | E-mail

Vena Moves Azulcocha Zn, Mn, Au Project to Development Phase - More
- November 09, 2009 | Item | E-mail

Messina Minerals Inc. Commences Drilling at Haven Steady, NL - More
- November 09, 2009 | Item | E-mail

SEMAFO Reports Record Net Income of $13.4 Million for the Third Quarter 2009 - More
- November 09, 2009 | Item | E-mail

Alix and Cloudbreak to do Airborne Geophysical Survey on White Gold Area, Yukon - More
- November 09, 2009 | Item | E-mail

Champion Announces Grant of Stock Options - More
- November 09, 2009 | Item | E-mail

Nayarit Gold Achieves Recoveries of 92% for Gold and 85.2% for Silver from Initial Bottle Roll Testing at Orion - More
- November 09, 2009 | Item | E-mail

Taku River Tlingit First Nation, Eagle Plains and Prize Mining Sign Impact & Benefit Agreement for Yellowjacket Gold Project - More
- November 09, 2009 | Item | E-mail

Wayside's Trench Sampling Returns 30 Feet of 26.8 g/T Gold in Trench 1 and 9 Feet of 97.4 g/T Gold in Trench 2 - More
- November 09, 2009 | Item | E-mail

Pele Mountain Discovers New Mineralized Zones, Expands Others, at East Highland Gold Project - More
- November 09, 2009 | Item | E-mail

Far City Announces Appointment of New Directors - More
- November 09, 2009 | Item | E-mail

Ashburton Acquires Teels Lithium Prospect - More
- November 09, 2009 | Item | E-mail

Golden Phoenix Minerals Reports Assay Results from Scorpio Gold's Bulk Sampling of Oversized Leach Pad Material at Mineral Ridge Gold Deposit - More
- November 09, 2009 | Item | E-mail

First Gold Signs Letter of Intent for a 50% Interest in a Past Producing High Grade Silver/Lead/Zinc/Copper Project Located in the Heart of Mexico's Sierra Madr - More
- November 09, 2009 | Item | E-mail

Lydian Announces Amendments to Warrants - More
- November 09, 2009 | Item | E-mail

Northern Shield Resources Mobilizes Auger Drill to Gold Prospect in Northern Ontario - More
- November 09, 2009 | Item | E-mail

Mega Precious Metals Commences Deep Drilling on the Headway Property, Red Lake, Ontario - More
- November 09, 2009 | Item | E-mail

Starcore Wins Silver Helmet Award for Its San Martin Mining Operations - More
- November 09, 2009 | Item | E-mail

Allied Gold Declares Offer Unconditional and Acquires Effective Control of Australian Solomons Gold - More
- November 09, 2009 | Item | E-mail

Lincoln executes drilling contract Pine Grove gold property, Nevada - More
- November 09, 2009 | Item | E-mail

Dorato Board Appoints Gordon Neal as Director - More
- November 09, 2009 | Item | E-mail

Lomiko Stakes Alkali Flat Lithium Property East of Chemetell's Silver Peak Lithium Brine Facility in Nevada - More
- November 09, 2009 | Item | E-mail

Apoquindo Minerals Announces Exercise of Warrants at Cdn$0.75 - More
- November 09, 2009 | Item | E-mail

Source Gold Corp. Acquires Beardmore-Geraldton Mineral Claims - More
- November 09, 2009 | Item | E-mail

Gold-Ore Reports Underground Drill Results & Future Drill Plans at Bjorkdal - More
- November 09, 2009 | Item | E-mail

FINAL TENDER REMINDER: Canadian Royalties Securityholders Are Urged to Tender Their Securities to the Jien Canada Offers Today - More
- November 09, 2009 | Item | E-mail

Caledonia Mining Corporation: Blanket Mine Awarded Exporter of the Year - More
- November 09, 2009 | Item | E-mail

Rainy River Intersects High Grade Gold Near Surface in Cap Zone - More
- November 09, 2009 | Item | E-mail

General Moly Announces Third Quarter Results - More
- November 09, 2009 | Item | E-mail

Avanti Mining Inc. board & management changes - More
- November 09, 2009 | Item | E-mail

Avanti Mining shareholders approve conversion of 75% of the RCF loan into units - More
- November 09, 2009 | Item | E-mail

Alto Group Holdings Inc. Appoints New President and C.E.O - More
- November 09, 2009 | Item | E-mail

Cadillac Ventures Mobilizes Drill Crew in Spain - More
- November 09, 2009 | Item | E-mail

Geologix Acquires Right to Purchase 100% Interest in the Tepal Gold-Copper Project, Mexico - More
- November 09, 2009 | Item | E-mail

Tiger Secures Funding Package with Trafigura for Kipoi Project Stage 1 Development and Completion of Kipoi Project Acquisition - More
- November 09, 2009 | Item | E-mail

Romarco appoints Chief Financial Officer - More
- November 09, 2009 | Item | E-mail

Canadian Arrow starts drilling Glatz Nickel Project - More
- November 09, 2009 | Item | E-mail

Radius options Yukon Snowcap project to Wesgold Minerals - More
- November 09, 2009 | Item | E-mail

Castle Gold Reports Up to 39 Grams Per Tonne Gold and Up to 1,500 Grams Per Tonne Silver From Outcrop Samples at Its La Fortuna Project, Mexico - More
- November 09, 2009 | Item | E-mail

Tournigan Drills More High Grade Uranium at Kuriskova - More
- November 09, 2009 | Item | E-mail

Fortress Intercepts 81.8 Metres Grading 2.66 g/t Gold Including 20.3 Metres Grading 6.48 g/t Gold at the Elena Prospect, Svetloye Project Russia - More
- November 09, 2009 | Item | E-mail

Metanor Drills 6.08 g/t Au Over 10.5m at Barry Gold Zones Extend at Depth - More
- November 09, 2009 | Item | E-mail

Crocodile Gold Commences Mining at Two Australian Mines - More
- November 09, 2009 | Item | E-mail

New Uranium Intersections of Up to 11 Metres of 3.4% U3O8 on Crocodile Gold, Northern Territory, Australia Properties - More
- November 09, 2009 | Item | E-mail

Quadra Mining Ltd. Announces 2009 Third Quarter Financial Results and 2010 Production Guidance - More
- November 09, 2009 | Item | E-mail

Tiomin Reports Third Quarter Financial Results - More
- November 09, 2009 | Item | E-mail

Commander Samples Up to 442 g/t Gold From New Baffin Prospects - More
- November 09, 2009 | Item | E-mail

Abacus Completes Earn In Agreement with New Gold Inc. - More
- November 09, 2009 | Item | E-mail

VG Gold Drilling Expands Gold Mineralization at Paymaster - More
- November 09, 2009 | Item | E-mail

Corriente Resources Inc.: Advanced Development Work Authorized for Mirador Project - More
- November 09, 2009 | Item | E-mail

Uranium Resources, Inc. Reports $8.2 Million in Cash for Third Quarter 2009 - More
- November 09, 2009 | Item | E-mail

Greystar Resources Announces Drill Results From the Los Laches Area at Angostura - More
- November 09, 2009 | Item | E-mail

Uruguay Mineral Exploration and Fortune Valley Announce Proposed Business Combination - More
- November 09, 2009 | Item | E-mail

Hawthorne Closes Non-Brokered Private Placement - More
- November 09, 2009 | Item | E-mail

Dynasty Grants Incentive Stock Options - More
- November 09, 2009 | Item | E-mail

Coastal Pacific Mining Signs "Letter of Intent" to Explore for Gold & Rare Earth Elements "REE's" in the Republic of Ireland - More
- November 09, 2009 | Item | E-mail

RX Exploration Completes $2 Million Private Placement and Files Current NI 43-101 Technical Report - More
- November 09, 2009 | Item | E-mail

Acero-Martin Exploration Inc.: Extension and Re-pricing of 31,002,231 Warrants Expiring September 2009 - More
- November 09, 2009 | Item | E-mail

Pacific North West Capital Corp. Announces Drill Results for the Fiedmont PGM Project, Quebec - More
- November 09, 2009 | Item | E-mail

Crocodile Gold Completes Registration of Mining Tenements - More
- November 09, 2009 | Item | E-mail

Minefinders Provides 2009 Third Quarter Results, Updates Production Guidance and Settles Binding Arbitration - "Revenue of $24.1 million compared to none; Loss of $0.7 million or $0.01 per share compared to a loss of $6.8 million or $0.14 per share; Positive operating cash flow of $3.2 million compared to negative operating cash flow of $3.7 million; Sale of 24,689 gold-equivalent ounces compared to none." More
- November 09, 2009 | Item | E-mail

Gold Reserve Reports on Status of Brisas Property - "Gold Reserve Inc. (NYSE-Amex: GRZ) (TSX: GRZ - News) reported today that the Venezuelan Government has recently notified the Company through the issuance of an Administrative Act dated October 21, 2009 of its intent to cancel the Company’s underlying hardrock concession. The Venezuelan Government’s action comes just days after the October 26, 2009 seizure of the Brisas alluvial gold concession, which is coextensive with the hardrock concession, and the Government’s taking over control of the Brisas Camp." More
- November 09, 2009 | Item | E-mail

Gammon Gold Announces Replacement Credit Facility - "Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): Gammon is pleased to announce that it has restructured and replaced its prior syndicated credit facility with a standalone US$30 million revolving line of credit that will be offered 100% through The Bank of Nova Scotia and will mature 24 months from the date of closing." More
- November 09, 2009 | Item | E-mail

Great Basin Reports Financial Results for the Quarter Ended September 30, 2009 - "Great Basin incurred a loss of CDN$0.05 per share during the quarter as compared to CDN$0.04 per share for the quarter ended June 30, 2009. No revenues were recorded during the quarter because the Company elected to retain the high-grade ore produced from its Hollister Project in Nevada, USA, in order to treat it at its Esmeralda Mill." More
- November 09, 2009 | Item | E-mail

Anatolia gains construction momentum at Copler Gold Project - "Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX:ANO - News) announces activities at the Copler Gold Project in eastern central Turkey are progressing on plan and accelerating since formally starting major construction work in late September 2009." More
- November 09, 2009 | Item | E-mail

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