Gold Seeker Closing Report: Gold and Silver Gain Again

	Close	Gain/Loss
Gold	$1141.95	+$3.35
Silver	$18.44	+$0.09
XAU	184.68	-1.45%
HUI	473.82	-1.11%
GDM	1402.88	-1.22%
JSE Gold	2621.18	-3.30
USD	75.07	-0.24
Euro	149.65	+0.95
Yen	111.90	-0.05
Oil	$79.58	+$0.44
10-Year	3.366%	+0.047
T-Bond	120.50	-0.5625
Dow	10426.31	-0.11%
Nasdaq	2193.14	-0.48%
S&P	1109.80	-0.05%

Gold rose nearly $10 in London and climbed to as high as $1152.87 by about 10AM EST in New York before it fell back off into the close and ended over $10 from its session high with a gain of just 0.29%, but it still closed at a new record high. Silver rose to as high as $18.822 before it also fell back off in the last few hours of trade, but it still ended with a gain of 0.49%.

Euro gold fell to about €764, platinum lost $13 to $1438, and copper rose slightly to about $3.11.

Gold and silver equities remained near unchanged for most of the morning, but they then fell back off in afternoon trade and ended with over 1% losses.

Report	For	Reading	Expected	Previous
CPI	Oct	0.3%	0.2%	0.2%
Core CPI	Oct	0.2%	0.1%	0.2%
Housing Starts	Oct	529K	600K	592K
Building Permits	Oct	552K	580K	575K

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 11/14 expected at 504,000 and at 10AM are the Philadelphia Fed for November expected at 12.2 and Leading Economic Indicators for October expected at 0.4%.

Oil rose after crude inventories fell a larger than expected 900,000 barrels.

The U.S. dollar index and treasuries fell on the outlook for continued low interest rates.

The Dow, Nasdaq, and S&P traded mostly modestly lower on this morning’s worse than expected economic data.

Among the big names making news in the market today were Wells Fargo, Goldman Sachs, and American Express.

“The most amazing thing about yesterday's activity was the fact that the big gold and silver rally was in the face of a rising U.S. dollar. It's as if what the fiat currencies were doing was irrelevant...which, in fact, it is... when you really think about it. I would not be surprised to see these sorts of 'currency' decouplings continue.

Well, open interest for Monday's big surprise day was interesting to say the least. First of all, volume in gold was a monstrous 227,534 contracts. Open interest only rose 2,371 contracts... so I would think, on the face of it, that buried under all the switches and spreads, there was a fair amount of short covering going on. Total open interest in gold is now sitting at 522,332 contracts. In silver, open interest was up a whole bunch... 3,425 contracts on the biggest volume day I can ever remember seeing... 65,303 contracts. Total open interest is back up to 138,664 contracts. But was there short covering? The increase in open interest belies that, but a lot of short covering can be hidden under the cloak of spread trades. One can only hope that all this data will be in Friday's Commitment of Traders report... and it should, unless they withhold it.

Monday is options expiry. All December option owners are on the move... selling, switching or preparing to stand for delivery. Spread trades are being removed and added... and this activity will grow more frantic with each passing day. December is one of the biggest delivery months of the year in both gold and silver, and it will be of great interest to how many in-the-money option holders will convert their options to a futures contract and stand for delivery on November 30th... and in what quantities. The whispers of delivery default are in the air once again... as they have been every month for the last couple of years. So far, they've been wrong in spades with each passing month. But, like a stopped clock, it's right twice a day... so maybe this delivery month is it. But then again... maybe not. We'll see.

Over at the CME yesterday, the Daily Delivery Notice for gold was unexciting. Only 50 contracts are up for delivery tomorrow... and, so far this month, a whole 894 gold contracts have been delivered. That's about twenty-two 400-ounce Comex good delivery bars... which you could stack on your desk with lots of room to spare. December will be different.

There were no reported changes by either the GLD, SLV or the U.S. Mint yesterday. The Comex-approved warehouses showed a smallish net silver withdrawal of 24,706 ounces.”– 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: 8,923.52 - No change from yesterday’s data.

Royal Gold’s (RGLD) increased dividend, ITH’s (THM) listing approval, Gold Fields’ (GFI) director appointment, Timberline’s (TLR) test results, Keegan’s (KGN) bought deal financing, Endeavour’s (EXK) acquired property options, Alexco’s (AXU) issued mining license, and Kimber’s (KBX) upgraded mineral resource estimate 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.

Skyline Gold 2009 Bronson Slope Drill Program Assays Include 81 Metres Grading 2.12 Grams Per Tonne Gold and 30.4 Grams Per Tonne Silver - More
- November 18, 2009 | Item | E-mail

GoldQuest Completes Transaction With Gold Fields - More
- November 18, 2009 | Item | E-mail

Darnley Bay Resources Announces Appointment of Kerry J. Knoll to Its Board of Directors - More
- November 18, 2009 | Item | E-mail

Starcore Arranges $2 Million Financing - More
- November 18, 2009 | Item | E-mail

Orebodies Contracts Lithium Expert - More
- November 18, 2009 | Item | E-mail

GobiMin Announces Third Quarter 2009 Results - More
- November 18, 2009 | Item | E-mail

Magellan Signs Deal to Acquire Majority Interest In Creporizinho Gold Mine, Brazil - More
- November 18, 2009 | Item | E-mail

Kodiak Exploration Limited Adds to Land Holdings in Beardmore-Geraldton Gold Belt - More
- November 18, 2009 | Item | E-mail

Puma Targets the High-Grade Copper Zone at Turgeon - More
- November 18, 2009 | Item | E-mail

Kria Resources in Discussions With Xstrata to Utilize the Brunswick Mill for Ore Processing - More
- November 18, 2009 | Item | E-mail

Lara Exploration Ltd.: Maxy Gold Transaction Update - More
- November 18, 2009 | Item | E-mail

Breakwater Resources Ltd. Myra Falls Production Restarted - More
- November 18, 2009 | Item | E-mail

Gold Summit Engages First Canadian as Investor Relations Advisor - More
- November 18, 2009 | Item | E-mail

Acadian Mining announces favourable metallurgical results for Beaver Dam gold property - More
- November 18, 2009 | Item | E-mail

Artha Resources Corporation: Multiple Targets Generated from Reconnaissance Mapping on Argentina Properties - More
- November 18, 2009 | Item | E-mail

Osisko Strengthens Balance Sheet With $241 M Proceeds From Exercise of $5.45 Warrants - More
- November 18, 2009 | Item | E-mail

Rye Patch Arranges the Acquisition of Carlin Trend Gold Resources - More
- November 18, 2009 | Item | E-mail

TTM Resources Inc. Announces Normal Course Issuer Bid - More
- November 18, 2009 | Item | E-mail

Benton & Royal Roads Intersect Nickel-Copper Sulphides at Portage Prospect, Long Range Joint Venture - More
- November 18, 2009 | Item | E-mail

Hawthorne Gold and Eureka Resources File National Instrument 43-101 Technical Report and Resource Estimate of Frasergold Deposit - More
- November 18, 2009 | Item | E-mail

Klondex Drills 49.9 g/t Over 2.7 Meters (1.46 oz/ton over 12.5 feet) and Reviews Exploration and Permitting Progress at its Fire Creek Property in Nevada - More
- November 18, 2009 | Item | E-mail

Royal Roads & Benton intersect nickel-copper sulphides at Portage Prospect, Long Range joint venture - More
- November 18, 2009 | Item | E-mail

Timmins Gold Corp.: First Gold Pour Approaching - More
- November 18, 2009 | Item | E-mail

Thundermin Raises $500,000 in Private Placement - More
- November 18, 2009 | Item | E-mail

Canaco Increases Financing to $5,348,875 - More
- November 18, 2009 | Item | E-mail

Petaquilla Minerals Ltd.: Panamanian Government Authorizes Commercial Production at Molejon - More
- November 18, 2009 | Item | E-mail

Fjordland Exploration Inc.: Gold Fields Drilling at Woodjam North, British Columbia - More
- November 18, 2009 | Item | E-mail

Savant Explorations Ltd. Announces Induced Polarization Survey on Gabriela Property in Northern Chile Porphyry Belt to Start November 23, 2009 - More
- November 18, 2009 | Item | E-mail

Norsemont Initiates Constancia Optimisation - More
- November 18, 2009 | Item | E-mail

Cartier Stakes Significant New Copper Discovery Southeast of Val-d'Or - More
- November 18, 2009 | Item | E-mail

New Dawn Increases Gold Production Capacity at Turk Mine in Zimbabwe by 45% - More
- November 18, 2009 | Item | E-mail

Maxy Gold Corp.: Lara Exploration Transaction Update - More
- November 18, 2009 | Item | E-mail

U3O8 Corp. Cuts 8.7 Metres at 0.106% (2.1 Pounds Per Short Ton) U3O8 at Aricheng Epsilon - More
- November 18, 2009 | Item | E-mail

Mindoro Resources Ltd.: Major Upgrade for Agata North Nickel-Cobalt Laterite Resource - More
- November 18, 2009 | Item | E-mail

Inter-Citic Releases Second Set of Drill Hole Results From Dachang Gold Project - More
- November 18, 2009 | Item | E-mail

Star Gold Updates Mineral Claim Increase at Excalibur Project - More
- November 18, 2009 | Item | E-mail

Yukon-Nevada Gold Corp. receives support for the inducement warrant proposal - More
- November 18, 2009 | Item | E-mail

Pure Nickel Update on HPM/Forgues Property - More
- November 18, 2009 | Item | E-mail

Castle Gold Closes Financing & Provides Update on Argonaut Gold Financing & Offer - More
- November 18, 2009 | Item | E-mail

Manicouagan Minerals Completes Initial Drilling At Dorothy-Dobie Lake Gold Property-Pickle Lake, Ontario - More
- November 18, 2009 | Item | E-mail

Southern Arc Minerals Inc.: Results of 2009 AGM of the Company - More
- November 18, 2009 | Item | E-mail

Noront Resources corrects misleading statements made by Freewest Resources - More
- November 18, 2009 | Item | E-mail

Wesdome's Dubuisson drilling continues to impress - More
- November 18, 2009 | Item | E-mail

Geophysical survey outlines "8" IP anomalies at Schaft Creek project - More
- November 18, 2009 | Item | E-mail

Western Copper Expands In-Pit Mineralization and Discovers a New Molybdenum Zone at Casino - More
- November 18, 2009 | Item | E-mail

Virginia Begins its Drilling Programs in James Bay - More
- November 18, 2009 | Item | E-mail

Riverside Resources Acquires the Maravillas Gold Project in Durango, Mexico - More
- November 18, 2009 | Item | E-mail

Duluth Metals nominated for Mining Journal's Exploration Award - More
- November 18, 2009 | Item | E-mail

Rossing South Exploration Results further substantiate the significance of Husab Uranium Project - More
- November 18, 2009 | Item | E-mail

Tiger Resources announces a Measured & Indicated JORC reported resource for the high grade cobalt mineralisation within the Stage 1 development at Kipoi Project - More
- November 18, 2009 | Item | E-mail

Geophysics Data from Magnetic Survey at African Queen's King Solomon Gold Project Reveal Strong Anomalies Associated with Prior Rock Samples - More
- November 18, 2009 | Item | E-mail

Royal Gold Raises Common Stock Dividend 13% to $0.36 Per Share - "Royal Gold, Inc. (NASDAQ:RGLD - News)(TSX:RGL - News), a leading precious metals royalty company, today announced that its Board of Directors increased the Company’s annual dividend for its shares of common stock from $0.32 to $0.36, payable on a quarterly basis of $0.09 per share. Royal Gold has steadily increased its annual dividend since it first issued a $0.05 annual payment for calendar year 2000." More
- November 18, 2009 | Item | E-mail

Endeavour Silver Acquires Option to Purchase the San Juanico Properties Adjacent to El Cometa Property, Parral District, Chihuahua State, Mexico - "Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX:EDR - News)(TSX:EDR.WT - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announces that it has acquired an option to purchase the San Juanico properties, located adjacent to the El Cometa property, part of Endeavour's Parral exploration project near the city of Hidalgo de Parral, Chihuahua State, Mexico." More
- November 18, 2009 | Item | E-mail

International Tower Hill Receives Conditional Toronto Stock Exchange Listing Approval - "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 received the conditional approval of the Toronto Stock Exchange ("TSE") to list the Company's common shares on the TSE. Listing of the common shares is subject to compliance with all of the TSE requirements, including receipt by the TSE of all required documentation by February 4, 2010." More
- November 18, 2009 | Item | E-mail

Yukon Issues Quartz Mining Licence for Alexco's Bellekeno Mine - "Alexco Resource Corp. (TSX:AXR - News) (AMEX:AXU - News) ("Alexco" or the "Company") is pleased to report that the Government of Yukon has issued a Quartz Mining Licence for the Bellekeno mine, being the primary permit authorizing Alexco to immediately commence mine development and mill construction at the site, located within the Keno Hill Silver District, Yukon." More
- November 18, 2009 | Item | E-mail

Kimber Announces High Grade Gold-Silver Mineral Resource Estimate and Improved Metallurgical Recoveries for Carmen Deposit - "Kimber Resources Inc. (NYSE AMEX:KBX, TSX:KBR) is pleased to announce a new, upgraded mineral resource estimate for the Carmen Deposit at its 100% owned Monterde project, located in Mexico's Sierra Madre mining district. This estimate defines a high grade gold-silver mineral resource with improved metallurgical recoveries, which lies within an overall significantly larger, lower grade mineral resource. This new mineral resource estimate is based on 587 drill holes and 329 metallurgical tests completed to date, and has been created after a thorough geological and metallurgical review. The base case high grade mineral resource estimate is tabulated below, while additional details follow later in this release." More
- November 18, 2009 | Item | E-mail

Paul Schmidt Appointed Financial Director - "Mr Schmidt is a chartered accountant with more than thirteen years of industry experience. He spent six years with Deloitte auditing mainly clients in the gold mining industry. He joined Gengold, part of the Gencor Group, in 1996 as an assistant financial manager at the St Helena Gold Mine where he worked for three years, gaining valuable operational experience. He was promoted to the Gold Fields corporate office as financial manager in 1999, and to the position of group financial controller in April 2003." More
- November 18, 2009 | Item | E-mail

Timberline Announces Positive Metallurgical Test Results From Its Butte Highlands Gold Project - "We are very pleased with the outcomes of our metallurgical testing from Butte Highlands material. The cyanide leaching recoveries exceeded the estimated recovery figures we had used in our preliminary economic analyses. By performing tests under a number of different processing scenarios, the resulting data will help us determine the optimal methods for gold recovery. The results indicate that cyanide leaching gave us the best recovery, and while the recovery percentage of gold extracted increased as the grind fineness was increased, it is not as grind-sensitive as many gold ores. These results will allow us greater flexibility in our further evaluation of area mills and other milling alternatives. Progress is going as expected on our underground development at Butte Highlands, and the timing of the receipt of these results fits very well into our overall timeline for the project." More
- November 18, 2009 | Item | E-mail

Keegan Resources Inc. Announces $36.0 Million "Bought Deal" Financing - "Keegan Resources Inc. (the "Keegan" or the "Corporation") (TSX:KGN - News)(AMEX:KGN - News) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters"), under which the Underwriters have agreed to purchase on an underwritten basis 6,100,000 common shares (the "Common Shares") of Keegan at a price of $5.90 per Common Share for total gross proceeds to Keegan of $35,990,000. Under the agreement, the Underwriters have an over-allotment option to purchase up to an additional 915,000 Common Shares, which if exercised in full will result in gross proceeds of $41,388,500. The proceeds of the offering shall be used primarily for general and administrative expenses and for working capital." More
- November 18, 2009 | Item | E-mail

Indonesia: Antam won't buy shares in Newmont unit - "Indonesia's state-owned miner PT Aneka Tambang Tbk (ANTM.JK) will not join a consortium buying divested shares in a local unit of Newmont Mining Corp. (NEM.N) given the stake on offer is too small, a senior government official said on Wednesday." More
- November 18, 2009 | Item | E-mail

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