Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged

	Close	Gain/Loss
Gold	$1138.60	+$0.20
Silver	$18.35	-$0.02
XAU	187.40	+0.61%
HUI	479.13	+0.76%
GDM	1420.15	+0.48%
JSE Gold	2624.48	+2.69
USD	75.31	+0.44
Euro	148.69	-1.02
Yen	111.94	-0.31
Oil	$79.14	+$0.24
10-Year	3.319%	-0.012
T-Bond	121.0625	+0.21875
Dow	10437.42	+0.29%
Nasdaq	2203.78	+0.27%
S&P	1110.32	+0.09%

Gold saw slight losses in Asia and fell in London to as low as $1127.10 by a little before 8AM EST, but it then rallied back higher for most of trade in New York and ended near its late session high of $1139.67 with a gain of 0.02%. Silver fell to as low as $18.06 before it also rallied back higher in New York and ended near its late session high of $18.41 with a loss of 0.11%.

Euro gold rose to about €767, platinum gained $1.50 to $1451, and copper remained at about $3.10.

Gold and silver equities traded roughly 1% lower for most of the morning, but they then rallied back higher in late trade and ended with almost 1% gains.

Report	For	Reading	Expected	Previous
PPI	Oct	0.3%	0.5%	-0.6%
Core PPI	Oct	-0.6%	0.1%	-0.1%
Net Long-term TIC Flows	Sep	$40.7B	$30.0B	$34.2B
Capacity Utilization	Oct	70.7%	70.8%	70.5%
Industrial Production	Oct	0.1%	0.4%	0.6%

Tomorrow at 8:30AM EST brings Housing Starts for October expected at 600,000, Building Permits expected at 580,000, CPI expected at 0.2%, and Core CPI expected at 0.1%.

Oil ended slightly higher on hopes for signs of rising energy demand in tomorrow’s inventory report.

The U.S. dollar index and treasuries rose on risk aversion after today’s economic data came in weaker than expected.

The Dow, Nasdaq, and S&P traded mostly slightly lower on the poor economic data, but they then rose in late trade and ended with modest gains on hopes for encouraging signs tomorrow.

Among the big names making news in the market today were Target, Saks, COT Group, and Home Depot.

“Although I'm happy about this, I'm still concerned about the fact that neither silver nor the shares are confirming gold's move. They have certainly been giving it the old college try the last couple of days... but we aren't there yet.

The absolute top in the HUI/XAU came in March of 2008 when gold managed to make it up to around $1,040. Then the HUI hit the 520 mark. And here we are, twenty months later, gold is $100 higher... and the HUI is still down 10% from that high... and silver is $3 lower.

Well, along with Friday, Monday was another interesting day... especially in silver. Of course I'm happy about all this, as my portfolio is looking better by the day... as is yours, I'm sure. Options expiry for the December contract is only six days away... Monday, November 23rd. And it's looking less and less likely that we'll see a major price correction before then, as there are only five business days left starting right now. But never say never!

But gold is now overbought, and some sort of correction... even back to $1,100... would not be out of line, just to relieve the overbought condition before powering higher.

But looming over both the silver and gold market is the CFTC's decision on position limits. Will they or won't they impose new limits in silver... and enforce the current limits in gold? Or will they close the Comex? Or do nothing? Commissioner Chilton of the CFTC says that something on position limits will be announced in early December. So we wait.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

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

Silver Trust (SLV) Total Tonnes in Trust: 8,954.08- No change from yesterday’s data.

Anatolia’s (ANO.TO) drill results, Ivanhoe’s (IVN) field tests results, Oro Silver’s (OSR.V) assay results, and Mines Management’s (MGN) withdrawn public offering 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.

Verena Minerals Announces Closing of Private Placement - More
- November 17, 2009 | Item | E-mail

Detour Gold Appoints Barclays Capital as Project Debt Advisor and Lead Arranger for Detour Lake - More
- November 17, 2009 | Item | E-mail

LIM files second quarter financial statements and MD&A - More
- November 17, 2009 | Item | E-mail

AndeanGold Reports Phase 1 Drill Results on Rio Seco Project, Peru - More
- November 17, 2009 | Item | E-mail

Levon Reports Drilling Progress on Norma Sass - More
- November 17, 2009 | Item | E-mail

Osisko Mining Corporation: Proceeds of $39.6 M From Exercise of $7.90 Warrant - More
- November 17, 2009 | Item | E-mail

Heatherdale Completes Qualifying Transaction & Financing - More
- November 17, 2009 | Item | E-mail

Dorato Receives Results from Taricori Gold-Silver Vein System, Condor Gold-Copper Belt, Peru - More
- November 17, 2009 | Item | E-mail

Apollo Gold Announces Third Quarter 2009 Financial and Operating Results Conference Call - More
- November 17, 2009 | Item | E-mail

CanAlaska Uranium Ltd. - Non-brokered private placement - More
- November 17, 2009 | Item | E-mail

Caldera to commence sampling Armenian gold project - More
- November 17, 2009 | Item | E-mail

National Director of SEMAFO Burkina Elected President of the Burkina Faso Professional Mining Association - More
- November 17, 2009 | Item | E-mail

BacTech Partner Caldera to Commence Collection of Samples at Armenian Gold Project for Bioleach Test Work - More
- November 17, 2009 | Item | E-mail

Pediment Expands Resource Potential at La Colorada Gold Project - More
- November 17, 2009 | Item | E-mail

Tirex Resources Ltd.: Letitna Continues to Grow With Latest Assays - More
- November 17, 2009 | Item | E-mail

Volta commences RC drilling program to follow up high grade targets at Volta's Kampti gold project in Burkina Faso - More
- November 17, 2009 | Item | E-mail

Strait Gold Supports Local Aquaculture Project in Peru - More
- November 17, 2009 | Item | E-mail

Coronado Intersects 45 Feet of .741 oz/ton Gold in Underground Expansion Drilling on Its Wholly Owned Madison Gold/Copper Property in Montana, USA - More
- November 17, 2009 | Item | E-mail

Eagle Plains/Waterloo Complete 2009 Fieldwork on Ice River Rare-Earth-Element (REE) Project, Southeastern B.C. - More
- November 17, 2009 | Item | E-mail

Waterloo and Eagle Plains Complete 2009 Fieldwork on Ice River Rare-Earth Project - More
- November 17, 2009 | Item | E-mail

Centurion Minerals: No Material Change - More
- November 17, 2009 | Item | E-mail

Kent Executes Gnaweeda Option Agreement with Teck Australia Pty Ltd - More
- November 17, 2009 | Item | E-mail

Copler sulfide drilling returns positive initial results - "Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX:ANO - News) announces initial results from the current exploration program targeting sulfide mineralization at the Copler Gold Project. Drilling to date has focused on gold resources mineralization in and below the Manganese Mine Zone pit, and at depth along the southern boundary of the Main Zone pit. A map is posted to Anatolia's website (www.anatoliaminerals.com)." More
- November 17, 2009 | Item | E-mail

Metallum Resources Inc. Announces Signing of Definitive Agreement with Solfotara Mining Corp. and Additional Information - More
- November 17, 2009 | Item | E-mail

Minera IRL Limited ("Minera IRL" or "the Company"): Positive Ollachea Scoping Study Based Upon 1.3 Million Ounces of Gold - More
- November 17, 2009 | Item | E-mail

Northern Freegold Extends Warrant Expiry Dates - More
- November 17, 2009 | Item | E-mail

Gold World Resources gold mine acquisition campaign in China - More
- November 17, 2009 | Item | E-mail

Mega Precious Metals Expands Dyke Zone and Confirms New South Zone on the Laverty Red Lake Property - More
- November 17, 2009 | Item | E-mail

Unico, Inc. Issues November 2009 Shareholder Newsletter Reviewing Updated Tonnage Potential Calculations for Mine and Exploration Targets - More
- November 17, 2009 | Item | E-mail

Erdene Provides Project Updates and Reports Third Quarter Financial Results - More
- November 17, 2009 | Item | E-mail

Apella Forms Vanadium-Iron-Titanium Subsidiary-"Power Vanadium Corporation" - More
- November 17, 2009 | Item | E-mail

Pershimco Resources Increases Its Presence Through the Acquisition of 96 Claims in the Amos-Barraute Axis in Abitibi - More
- November 17, 2009 | Item | E-mail

Royal Standard Minerals, Inc. (RYSMF) Goldwedge Project Development, Nye County, Nevada Update - More
- November 17, 2009 | Item | E-mail

Nitinat to Commence Exploration on the Jasper Property - More
- November 17, 2009 | Item | E-mail

Metanor Reopens Underground Mine at Bachelor Lake - More
- November 17, 2009 | Item | E-mail

Update on the 43-101 Resource Estimate Report Amendment to Warrant Exercise Price - More
- November 17, 2009 | Item | E-mail

Ucore Reports Multiple Zones Up to 6.3% Total Rare Earths Including 2.6% Total Rare Earths Over 1.9 Metres From Bokan-Dotson Ridge - More
- November 17, 2009 | Item | E-mail

Teryl Resources Received a Letter of Intent to Acquire Its 20% Interest in the Gil Joint Venture Gold Property From Fairbanks Gold Mining Co., Inc. - More
- November 17, 2009 | Item | E-mail

GoldSpring Retains Moelis & Company as Exclusive Financial Advisor - More
- November 17, 2009 | Item | E-mail

PolyMet Mining Sells US$25 Million of Common Shares to Glencore - More
- November 17, 2009 | Item | E-mail

PolyMet Modifies Terms of Existing Glencore Warrants - More
- November 17, 2009 | Item | E-mail

Full Metal Options Angie Zn-Pb-Ag Property to Milk Capital - More
- November 17, 2009 | Item | E-mail

Orex's Coneto Project Yields High Gold and Silver Values - More
- November 17, 2009 | Item | E-mail

Alexis Minerals Announces Record Gold Production with Third Quarter 2009 Results - More
- November 17, 2009 | Item | E-mail

Iberian Minerals Reports Vinchos Este Exploration Results - More
- November 17, 2009 | Item | E-mail

Freewest Provides Corrected Chrome to Iron Ratios for the Black Thor Chromite Occurrence, McFaulds Lake Area, Northern Ontario - More
- November 17, 2009 | Item | E-mail

Weststar Completes Drill Program on Axe Property - More
- November 17, 2009 | Item | E-mail

American Sierra Gold Corp. Discovers New Gold-Rich Zone at El Rosario, Urique Project - More
- November 17, 2009 | Item | E-mail

Cadillac and Richview announce merger agreement - More
- November 17, 2009 | Item | E-mail

Laramide Commences Drill Program for Resource Expansion at Westmoreland - More
- November 17, 2009 | Item | E-mail

Vale commits to spend additional $1 million at Suwar - More
- November 17, 2009 | Item | E-mail

Coral Gold Reports Drilling Progress on Norma Sass - More
- November 17, 2009 | Item | E-mail

Jinshan Announces 2009 Third Quarter Financial Results and Management Changes - More
- November 17, 2009 | Item | E-mail

Silver Quest Reports Gold Values From Boulevard Project, Yukon - More
- November 17, 2009 | Item | E-mail

Cream Minerals Reports Very Positive Metallurgical Test Results for Nuevo Milenio - More
- November 17, 2009 | Item | E-mail

Serengeti Intersects 0.66% Copper Equivalent over 124 meters, Significantly Expands Potential at South Zone at Kwanika - More
- November 17, 2009 | Item | E-mail

Mercator Reports Third Quarter Results and Provides Operations Update - More
- November 17, 2009 | Item | E-mail

AuEx Ventures, Inc.: Additional Gold Mineralization Drilled at West Pequop - More
- November 17, 2009 | Item | E-mail

Mega Uranium Signs Memorandum of Understanding for Infrastructure and Services Sharing - More
- November 17, 2009 | Item | E-mail

Melkior Starts 4000 Metres Drilling in Carscallen West Timmins - More
- November 17, 2009 | Item | E-mail

Melkior Resources Joins the "AGORACOM 100" and Launches Online IR and Marketing Program - More
- November 17, 2009 | Item | E-mail

Grayd Strengthens Development Team - More
- November 17, 2009 | Item | E-mail

Vault Minerals Retains 100% Right to Lebel Gold Property - More
- November 17, 2009 | Item | E-mail

Paladin Energy Ltd: Fees Paid to Independent Auditor - More
- November 17, 2009 | Item | E-mail

Explor to Commence Drilling Timmins Porcupine West Property - More
- November 17, 2009 | Item | E-mail

White Mountain Seeks to Further Simplify Stage 2 Pilot Plant Process Flow Sheet With Optimization Test Work - More
- November 17, 2009 | Item | E-mail

Canaco Drills 40 Metres of 3.56 Grams Gold Per Tonne at Magambazi - More
- November 17, 2009 | Item | E-mail

Geo Announces Inmet Deals - More
- November 17, 2009 | Item | E-mail

Lovitt Resources Inc. Acquires Key Mineral Lease on Wenatchee Gold Belt - More
- November 17, 2009 | Item | E-mail

Sierra Minerals Earns US$30,751 in Q3 2009 - More
- November 17, 2009 | Item | E-mail

Ivanhoe Mines and GoviEx Gold Use Zeus(TM) Breakthrough Exploration Technology to Expand Mineralized Bridge Linking Oyu Tolgoi Deposits - "John Macken, President and CEO of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and Govind Friedland, President and CEO of GoviEx Gold Inc., announced today that the first comprehensive field test of the breakthrough Zeus(TM) geophysical exploration technology has significantly increased the potential for additional resources to be discovered at Ivanhoe's Oyu Tolgoi Project in southern Mongolia." More
- November 17, 2009 | Item | E-mail

Oro Silver Drills 8.2 Metres of 5.2 g/t Gold and 87.7 g/t Silver at El Orito Vein, Zacatecas, Mexico - "Oro Silver Resources Ltd. ("Oro Silver or the "Company") (TSX VENTURE:OSR - News) has received more positive assay results for two additional drill holes recently completed on the El Orito target located on its El Compas property near the city of Zacatecas, Mexico. Recent drilling has nearly doubled the strike length of the El Orito vein to approximately 350 metres. In addition, the drill intercept of 8.2 metres has identified a significantly wider mineralized vein zone indicating the potential for much higher tonnage than previously modeled. More drilling is planned to potentially extend the gold and silver mineralization to the south and at depth." More
- November 17, 2009 | Item | E-mail

Mines Management Withdraws Public Offering of Common Shares - "MINES MANAGEMENT, INC. (NYSE Amex:MGN)(TSX:MGT - News) (“Company”) announced today that it has withdrawn its previously announced public offering of 6,000,000 shares of common stock. The terms presented by the underwriters did not meet the minimum expectation of net proceeds." More
- November 17, 2009 | Item | E-mail

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