Gold Seeker Closing Report: Gold Gains a Seventh Straight Session

	Close	Gain/Loss
Gold	$1102.00	+$1.30
Silver	$17.24	-$0.21
XAU	181.18	+0.18%
HUI	460.47	+0.17%
GDM	1366.39	+0.28%
JSE Gold	2540.85	+5.63
USD	75.04	-0.03
Euro	149.80	-0.17
Yen	111.30	+0.14
Oil	$79.05	-$0.38
10-Year	3.482%	-0.004
T-Bond	118.40625	-0.09375
Dow	10246.97	+0.20%
Nasdaq	2151.08	-0.14%
S&P	1093.01	-0.01%

Gold traded mostly slightly lower in Asia and London before it rose to as high as $1109.20 by about 10:30AM EST in New York, but it then fell back to see slight losses in afternoon trade and ended with a gain of just 0.12%. Silver rose to see a 9 cent gain at as high as $17.54 by midmorning in New York, but it then fell back off into the close and ended with a loss of 1.2%.

Euro gold rose to about €736, platinum lost $15.50 to $1339.50, and copper remained at about $2.96.

Gold and silver equities saw slight gains about an hour into trade before they fell to see over 1% losses by midmorning, but they then rallied back higher in afternoon trade and ended with slight gains.

Oil ended lower as tropical storm Ida weakened to a tropical depression and had minimal impact on facilities in the Gulf of Mexico.

The U.S. dollar ended just slightly lower while Sterling fell markedly “after Fitch told Reuters the UK was the major economy most at risk of losing its AAA rating.”

Treasuries rose in early trade as the Dow, Nasdaq, and S&P struggled to find gains and ended mixed on apprehension over the direction of the dollar, but bonds then reversed course and closed lower after today’s $25 billion 10-year note auction saw a bid to cover of just 2.81 at a high yield of 3.47%.

Among the big names making news in the market today were Beazer Homes, AIG, and Clearwire.

“In a nutshell, as of the end of trading last Tuesday [a week ago today], JPMorgan and HSBC USA were short 199.5 million ounces of silver and 12.3 million ounces of gold... about 45% and 30% of total [net] Comex open interest respectively. And the CFTC and your gold and silver companies just sit on their respective asses and do nothing.

Nothing worth reporting as far as gold and silver deliveries into the November contract is concerned. The GLD ETF reported adding another 196,095 troy ounces to their alleged holdings... and there were [of course] no changes reported in SLV. Last week over at the Zürcher Kantonalbank in Switzerland, they added 9,975 ounces of gold and 198,981 ounces of silver to their respective ETFs. I thank Carl Loeb for providing this report. The U.S. Mint did not have anything to say for itself yesterday, but the Comex-approved warehouses indicated that another 444,379 ounces of silver were withdrawn…” – From Ed Steer’s Gold & Silver Daily

My friend, former partner, respected colleague and ace floor trader Yra Harris today said:

"Oh the birds are singing, the hills are alive with the sounds of music and the carry trade is in full swing. Today was the paradigm of the easy funding for the world for if you were an asset class that could not rally you must have been tied to causing the existence of flesh eating bacteria. With the G20 shown to be a paper tiger, the IMF giving its seal of approval to the debased dollar carry trade – the animal spirits ran wild. The dollar was down against everything but the yen for the yen is the second favorite funding currency with similar fundamentals to the dollar."

The Winter is going to be very cold for the US dollar Be advised. Take precautions immediately if you have not already.”- Jim Sinclair, JSMineset.com

Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.099 tonnes, the LSE added 0.02 tonnes, and the ASX added 0.40 tonnes.

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.

DRDGOLD’s (DROOY) liquidation proceedings, Exeter’s (XRA) equity financing terms, Randgold’s (GOLD) third quarter results, MAG Silver’s (MVG) assay results, and Oro Silver’s (OSR.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.

Gold Summit Files Sugar Loaf Peak NI 43-101 Report - More
- November 10, 2009 | Item | E-mail

Stans Energy Corp. Announces an Increase of the Previously Anounced Non Brokered Private Placement Offering Dated October 23 2009 to $700,000 US - More
- November 10, 2009 | Item | E-mail

Vault Minerals Inc. Closes $1,363,785 Offering - More
- November 10, 2009 | Item | E-mail

Apella Resources Inc.: Diamond Drilling Extended & Complete Iron-T Iron-Vanadium-Titanium Project - More
- November 10, 2009 | Item | E-mail

TNR Gold/International Lithium Increase Nevada Position, Sarcobatus Flats-Lithium Brine Project - More
- November 10, 2009 | Item | E-mail

Golden Predator Intercepts 40 ft of 0.65 opt Gold at Adelaide Project; Commences Drilling on Eagleville Project - More
- November 10, 2009 | Item | E-mail

NGEx Announces Start of Drill Program on Josemaria Project, Argentina - More
- November 10, 2009 | Item | E-mail

UC Resources Ltd. Adopts Shareholder Rights Plan - More
- November 10, 2009 | Item | E-mail

Adroit Resources Inc.: British Columbia Government Makes C$650,000 Payment on Account of Expropriation Award - More
- November 10, 2009 | Item | E-mail

Mountain Lake Begins Initial Phase of Drilling on Gold /- Antimony Targets at Little River Project in Southern Newfoundland - More
- November 10, 2009 | Item | E-mail

Brett Announces Conference Call to Discuss the Preliminary Assessment Study for Hammond Reef Gold Project, ON - More
- November 10, 2009 | Item | E-mail

Xtra-Gold Enters into Letter of Intent for Contract Mining on Ghanaian Mining Claims - More
- November 10, 2009 | Item | E-mail

Atacama Appoints Tim Miller as President and CEO - More
- November 10, 2009 | Item | E-mail

Golden Chalice Resources Commences Gold Exploration on Timmins West Property and Advances Radio Hill Iron-Ore Project - More
- November 10, 2009 | Item | E-mail

Crown Minerals Announces $300,000 Non-Brokered Private Placement - More
- November 10, 2009 | Item | E-mail

Central Completes Due Diligence on Newman Todd Property and Moves Forward With Option - More
- November 10, 2009 | Item | E-mail

Newly Acquired Manitoba Intrusive Complex Yields High REE Values - More
- November 10, 2009 | Item | E-mail

GobiMin announces Change of Auditor - More
- November 10, 2009 | Item | E-mail

Rocmec Intercepts Boucher Vein at Rocmec 1 - More
- November 10, 2009 | Item | E-mail

Barrick due diligence on Coppermoly successfully completed - More
- November 10, 2009 | Item | E-mail

SL Resources Inc. Reports on Field Program - More
- November 10, 2009 | Item | E-mail

Everton and Linear Define a New Gold-Copper Mineralized Zone in the La Lechoza Corridor on the Ampliacion Pueblo Viejo Project, DR-Drilling to Resume in Mid-Nov - More
- November 10, 2009 | Item | E-mail

Moydow Mines International Inc. Enters into Agreement with Franco-Nevada Corporation Providing for the Acquisition of Moydow-Transaction Valued at US$58 Million - More
- November 10, 2009 | Item | E-mail

Typhoon Intersects 2,12 g/t Au Over 30,0 Meters at Fayolle - More
- November 10, 2009 | Item | E-mail

Premium Exploration Closes Private Placement and Management Update - More
- November 10, 2009 | Item | E-mail

Rockcliff Hits High Grade Copper-Gold Mineralization at Snow Lake, 4.74m grading 9.02% copper, 3.46g/t gold, 1.62% zinc and 36.5g/t silver Drill Program Doubles - More
- November 10, 2009 | Item | E-mail

Inter-Citic Releases Drill Hole Results From Dachang Gold Project - More
- November 10, 2009 | Item | E-mail

European Goldfields Limited Results for Q3 2009 - More
- November 10, 2009 | Item | E-mail

Kalahari Resources Receives Conditional Approval on Lamaque Gold Transaction - More
- November 10, 2009 | Item | E-mail

Teryl Resources Announces That 3000 Feet of New Access Road Has Been Completed and Sampled on the Gil J/V Gold Property - More
- November 10, 2009 | Item | E-mail

La Mancha Reports Another Strong Quarter - More
- November 10, 2009 | Item | E-mail

Altius Announces Plans to Co-Found a New Iron Ore Company - More
- November 10, 2009 | Item | E-mail

Royal Roads announces new Executive Chairman - More
- November 10, 2009 | Item | E-mail

Channel Appoints Frank Crerie and Richard Schutte to Advisory Committee, Grants Stock Options - More
- November 10, 2009 | Item | E-mail

Empire Mining Provides Progress Update; Files Technical Report on Its Bulqiza, Chromite Project, Albania - More
- November 10, 2009 | Item | E-mail

Denarii Resources Selects World-Renowned Engineer to Oversee Drilling Program at Lota Bay Coal Concession - More
- November 10, 2009 | Item | E-mail

American Sierra Gold Corp. Signs LOI to Acquire Copper-Gold-Silver Project - More
- November 10, 2009 | Item | E-mail

Romarco Strengthens Haile mining team - More
- November 10, 2009 | Item | E-mail

Emerick Provides Grew Creek Drill Results - More
- November 10, 2009 | Item | E-mail

Fortuna Announces Third Quarter 2009 Results Conference Call - More
- November 10, 2009 | Item | E-mail

Oroco Updates Cerro Prieto Progress - More
- November 10, 2009 | Item | E-mail

Core Drilling to Commence at New Dimension's Reese River Silver Project, Nevada - More
- November 10, 2009 | Item | E-mail

Midlands Closes First Tranche of $3.2 Million in Brokered and Non-Brokered Financing - More
- November 10, 2009 | Item | E-mail

Farallon to Announce Third Quarter Results on November 16, 2009 - More
- November 10, 2009 | Item | E-mail

Merrex Expands Land Package at Siribaya - More
- November 10, 2009 | Item | E-mail

Golden Hope Tests for Extensions to Its Bellechasse (Timmins) Gold Deposit - More
- November 10, 2009 | Item | E-mail

Radisson Mining Announces Expanded Gold Potential on the Cadillac Zone of Its Kewagama Property - More
- November 10, 2009 | Item | E-mail

Denison Announces Production Decision for Arizona 1 Uranium Deposit - More
- November 10, 2009 | Item | E-mail

Olympus Announces Merger With Zedex to Expand Gold Production and Exploration Assets in South East Asia - More
- November 10, 2009 | Item | E-mail

Lithium One Appoints Martin R. Rowley Chairman of the Board - More
- November 10, 2009 | Item | E-mail

Firestone Ventures Provides Update on Zinc-Lead Exploration Program - More
- November 10, 2009 | Item | E-mail

Goldrea Resources Corp. and Molycor Gold Corp.: Drilling Commences on the Flap Gold Project - More
- November 10, 2009 | Item | E-mail

St. Lawrence Fluorspar Mine Reactivation Project - Environmental Impact Assessment Report Submitted - More
- November 10, 2009 | Item | E-mail

European Goldfields Q3 2009 Results - More
- November 10, 2009 | Item | E-mail

Formation Capital Corporation Announces Name Change and Share Consolidation - More
- November 10, 2009 | Item | E-mail

DRDGold Falls Most in a Year After Bid to Save Mine - "DRDGold Ltd., owner of one of South Africa’s oldest active gold mines, fell the most in more than a year after it began liquidation proceedings and the rand’s rally erodes profit from record gold prices." More
- November 10, 2009 | Item | E-mail

Exeter announces terms of equity financing - "Exeter Resource Corporation (AMEX:XRA, TSX:XRC, Frankfurt: EXB or the "Company") is pleased to announce that in connection with its previously announced overnight marketed public offering on November 9, 2009 (the "Offering"), it has entered into an underwriting agreement with a syndicate of underwriters (the "Underwriters") to sell 8,550,000 common shares in the Company at a price of C$5.85 per share ("Common Shares") to raise gross proceeds of C$50,017,500." More
- November 10, 2009 | Item | E-mail

Silvercorp Announces Declaration of Quarterly Dividend-CAD$0.02 - "Silvercorp will pay its FY2010 second quarter dividend of CAD$0.02 per share on January 21, 2010, to shareholders of record at the close of business on December 31, 2009. The declaration and amount of any future dividends will remain at the discretion of the Board of Directors and may be adjusted in the future based on fluctuations in metal prices and the Company's cash flows. The dividends are considered eligible dividends for Canadian tax purposes." More
- November 10, 2009 | Item | E-mail

MAG Silver Expands High-Grade Molybdenum and Adds Significant Gold at Cinco de Mayo - "MAG Silver Corp. (TSX:MAG - News)(AMEX:MVG - News) ("MAG") is pleased to announce strong gold and molybdenum assay results from initial follow-up drilling of the Pozo Seco Moly-Gold discovery on its 100% owned Cinco de Mayo property in northern Chihuahua State, Mexico (see Press Release of September 23, 2009). The results of this step-out drilling show significant gold values in close association with the high grade molybdenum mineralization." More
- November 10, 2009 | Item | E-mail

Oro Silver Drills 193 g/t Gold and 1,264 g/t Silver Over 4.3 Metres at El Compas Project, Zacatecas, Mexico - "Oro Silver Resources Ltd. (TSX VENTURE:OSR - News; "Oro Silver or the "Company") has received positive assay results for two recently completed diamond drill holes on its El Compas property located in Zacatecas, Mexico. Both holes were drilled at shallow depths below the El Compas mine workings testing gaps in the current resource model." More
- November 10, 2009 | Item | E-mail

RandGold swings to profit in third quarter - "Randgold Resources Ltd., an African-focused gold miner, reported Tuesday a net profit of $11.32 million in the third quarter compared with a loss of $1.43 million in the same period a year ago." More
- November 10, 2009 | Item | E-mail

Randgold Resources - 3rd Quarter Results - "Randgold Resources (LSE:RRS - News) (NASDAQ:GOLD - News) is to fast-track its Gounkoto project after a scoping study and first resource declaration confirmed robust economics well in excess of the company's hurdle rates." More
- November 10, 2009 | Item | E-mail

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