Gold Seeker Closing Report: Gold Climbs to a New Record High and Silver Follows

	Close	Gain/Loss
Gold	$1164.60	+$18.40
Silver	$18.62	+$0.17
XAU	186.99	+1.47%
HUI	481.34	+1.84%
GDM	1424.51	+1.89%
JSE Gold	2672.00	+67.37
USD	75.11	-0.50
Euro	149.67	+1.05
Yen	112.40	-0.14
Oil	$77.56	+$0.84
10-Year	3.364%	+0.008
T-Bond	120.90625	+0.3125
Dow	10450.95	+1.29%
Nasdaq	2176.01	+1.40%
S&P	1106.24	+1.36%

Gold climbed steadily higher in Asia and London and rose to as high as $1173.75 by about 10AM EST in New York before it fell back off almost 1% from that high into the close, but it still ended with a gain of 1.61% at a new record high. Silver jumped to as high as $18.92 before it also fell back off in the last few hours of trade, but it still ended with a gain of 0.92%.

Euro gold rose to about €778, platinum gained $22.50 to $1458, and copper gained a few cents to about $3.13.

Gold and silver equities rose over 4% in the first hour of trade before they fell back off some midday, but they still ended with over 1% gains.

Report	For	Reading	Expected	Previous
Existing Home Sales	Oct	6.10M	5.70M	5.54M

Tomorrow at 8:30AM EST brings third quarter GDP expected at 2.9%. The Chain Deflator is expected at 0.8%. At 9AM is the Case Shiller 20 City Index for September expected at -9.05% and Consumer Confidence for November expected at 47.5, at 10AM is the FHFA Home Price Index for September expected at 0.1%, and at 2PM is the release of FOMC minutes from the fed’s November 4^th meeting.

Oil rose as the U.S. dollar index fell after “Federal Reserve Bank of St. Louis President James Bullard said the central bank should retain the flexibility to respond to any weakening in the economy by extending beyond March its authority to buy mortgage-backed securities and agency bonds.”

Treasuries ended slightly higher after today’s $44 billion 2-year note auction drew a record low yield of 0.802%.

The Dow, Nasdaq, and S&P shot over 1% higher at the open and remained near that level for the rest of the day on the better than expected housing data along with an outlook for continued low interest rates.

Among the big names making news in the market today were Campbell Soup, Tyson Foods, Caterpillar, and Macy’s.

“So... where to from here in the gold and silver world? Do the U.S. bullion banks and their government sponsors fold their tents and withdraw from the market and let nature take its course... or are we in for another hit to the downside first? Beats me. Options expiry is on Monday, and there's no sign whatsoever that they have made much of an effort to mount a bear raid to cover their obscene short positions. It seemed like they made an effort in early trading on Friday morning, but willing buyers [or short covering] drove the price right back up to a positive close. It wouldn't be unheard of for them to hit the markets after options expiry is over... but why wait until then?

As Ted Butler has pointed out many times over the last month, these grotesque and obscene concentrated short positions held by the bullion banks must be resolved one way or another... sooner or later. I'm wondering if these changes in position limits that CFTC chairman, Gary Gensler, will play a part in this? Despite what the World Gold Council and the Gold Field Mineral Services have to say, we are currently at an historic moment in the precious metals market. It's only the resolution [and the timing of that resolution] that's unknown at this point.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.17 tonnes and the JSE added 0.12 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 80.72 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,116.04 - No change from yesterday’s data.

Seabridge’s (SA) permitting process, Newmont’s stake sale to Indonesia, Timberline’s (TLR) completed private placement, and Entree’s (EGI) survey 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.

Altius Minerals Corporation: NLRC's Proposal to Creditors Receives Formal Court Approval - More
- November 23, 2009 | Item | E-mail

Analyst upgrades Silver Wheaton on production rise - More
- November 23, 2009 | Item | E-mail

Pele Mountain Announces Closing of Flow-Through Financing - More
- November 23, 2009 | Item | E-mail

Galahad Metals Completes Private Placement - More
- November 23, 2009 | Item | E-mail

Noront resources comments on Freewest alternative transaction - More
- November 23, 2009 | Item | E-mail

Azimut stakes a major Rare Earth Element-Copper exploration target in Nunavik, Quebec - More
- November 23, 2009 | Item | E-mail

StoneShield Signs Letter of Intent for Cumaral Gold/Copper Project, Mexico: Reviews Gold Projects in Colombia;Grants Stock Options - More
- November 23, 2009 | Item | E-mail

Permitting Progresses at Seabridge Gold's KSM Project - "Seabridge Gold (TSX:SEA - News)(AMEX:SA - News) reports that the environmental permitting process for its 100% owned KSM Project in northern British Columbia ("BC") is proceeding on schedule. The planned two year environmental baseline program is nearing completion and Seabridge has received its Section 11 Order for KSM from the BC Environmental Assessment Office setting out the scope of the Environmental Assessment ("EA") required for final permitting, procedures and methods governing the EA and which Treaty Nations and First Nations the BC Government is required to consult during this review." More
- November 23, 2009 | Item | E-mail

Wildcat Announces Drill Results - More
- November 23, 2009 | Item | E-mail

American Bonanza Gold Corp.: Copperstone Mine Plan of Operations Accepted by the BLM - More
- November 23, 2009 | Item | E-mail

Golden Predator Reports 97.5 feet of 13.25 gpt Au from Hole GPGR-29 at Golden Ridge Project, NE California - More
- November 23, 2009 | Item | E-mail

Golden Chalice Resources Moves Forward With Second Phase of Gold Exploration Program on Abitibi East Property - More
- November 23, 2009 | Item | E-mail

Vault Minerals announces $550,000 offering - More
- November 23, 2009 | Item | E-mail

Ressources Appalaches: Start of Drilling at the Dufferin Mine - More
- November 23, 2009 | Item | E-mail

Debt Extension Gives Firstgold Until December 30, 2009 to Close Chinese Investment - More
- November 23, 2009 | Item | E-mail

Vior Obtains Authorization to Complete a Bulk Sample on its Douay Ouest Property and Completes a $150 000 Financing With a Fund - More
- November 23, 2009 | Item | E-mail

HudBay Nominates Alan Hair for Aquila Board Seat - More
- November 23, 2009 | Item | E-mail

Gowest Announces $6,000,000 Offering - More
- November 23, 2009 | Item | E-mail

Romarco drills 21 m of 4.9 g/t, 9 m of 13.4 g/t gold - More
- November 23, 2009 | Item | E-mail

Typhoon Exploration: The Recent 3D Geoscientific Compilation Shows a Favourable Corridor of 2.5 Km of Length at Fayolle - More
- November 23, 2009 | Item | E-mail

IBC Advanced Alloys Signs Letter of Intent With Kazatomprom - More
- November 23, 2009 | Item | E-mail

Inca Pacific Appoints Andre Gauthier as President - More
- November 23, 2009 | Item | E-mail

Amador Gold Corp. Commences Drilling on Maskooch Lake Property - More
- November 23, 2009 | Item | E-mail

Tiger completes acquisition of Groupe Orgaman's interest in the Kipoi Project for US$3 million - More
- November 23, 2009 | Item | E-mail

Li3 Energy, Inc. Announces Its New Name and Ticker Symbol, a Forward Stock Split and Appoints Luis Saenz as CEO in Support of Its New Strategy - More
- November 23, 2009 | Item | E-mail

Verbina Announces Changes to the Board - More
- November 23, 2009 | Item | E-mail

International KRL announces change of directorship - More
- November 23, 2009 | Item | E-mail

Knight Resources Ltd.: Private Placement Update - More
- November 23, 2009 | Item | E-mail

Donner Metals Ltd.: Expanded Winter Drill Progam Initiated at Matagami as Bracemac-McLeod Definition Drilling Proceeds Ahead of Schedule - More
- November 23, 2009 | Item | E-mail

Crosshair Announces Correction of News Release Issued on November 20, 2009 - More
- November 23, 2009 | Item | E-mail

Pelangio Exploration Acquires Option to Repurchase Royalty on the Poirier Gold Property in West Timmins, Ontario - More
- November 23, 2009 | Item | E-mail

Ironwood Gold Corp. Appoints Professional Communicator Andy McCreath to Advisory Board - More
- November 23, 2009 | Item | E-mail

Colossus Minerals Announces Earning a 75% Interest in Serra Pelada Project - More
- November 23, 2009 | Item | E-mail

Orezone and North Atlantic Consolidate Niger Uranium Licenses - More
- November 23, 2009 | Item | E-mail

Cogitore Announces 3.6 Million Tonne Inferred Resource at Scott Lake - More
- November 23, 2009 | Item | E-mail

Crocodile Gold Provides Background on Tom's Gully - More
- November 23, 2009 | Item | E-mail

Tournigan Discovers New Zone of High Grade Mineralization at Kuriskova - More
- November 23, 2009 | Item | E-mail

MPH Ventures Drilling Completed on Raney, Exploration Update on Godfrey Gold, Timmins, NE Ontario - More
- November 23, 2009 | Item | E-mail

Canstar Resources Inc.: Vinland Appeals Mary March Decision - More
- November 23, 2009 | Item | E-mail

San Gold Drills 1787 g/tonne Gold Over 2.1 Meters at New "007" Discovery - More
- November 23, 2009 | Item | E-mail

Salazar Announces Private Placement - More
- November 23, 2009 | Item | E-mail

Colombian Mines Corp. Awarded Licenses on Trend With California District - More
- November 23, 2009 | Item | E-mail

Freewest Announces $0.70 Per Share Acquisition by Cliffs Natural Resources Inc. - More
- November 23, 2009 | Item | E-mail

Atna Announces Gold Participating Bond Offering - More
- November 23, 2009 | Item | E-mail

Government of Sierra Leone Requests Terra Energy & Resource Technologies to Survey the Country - More
- November 23, 2009 | Item | E-mail

Alamos Gold Inc. Extends Agi Dagi and Kirazli Acquisition Due Diligence Period - More
- November 23, 2009 | Item | E-mail

Northland Activates Its Finnish Assets - More
- November 23, 2009 | Item | E-mail

Northland Resources Inc.: Arden "Buck" Morrow Resigns as President and CEO Anders Hvide Appointed Interim President and CEO - More
- November 23, 2009 | Item | E-mail

Encore Renaissance Resources Corp. Receives Underground Mining Approval From the BC Government - More
- November 23, 2009 | Item | E-mail

First Quantum Minerals to Acquire Kiwara PLC - More
- November 23, 2009 | Item | E-mail

Mantra Resources Limited - Additional drilling results expand new area at Nyota - More
- November 23, 2009 | Item | E-mail

Andean Resources Ltd.: New San Marcos Discovery at Cerro Negro - More
- November 23, 2009 | Item | E-mail

Great Western Minerals Group Reports a 123% Increase in the Resource Estimate at Hoidas Lake - More
- November 23, 2009 | Item | E-mail

International Wayside Gold Mines Ltd.: Private Placement of Up to $10,000,000 in Units and Subscription Receipts - More
- November 23, 2009 | Item | E-mail

Yukon-Nevada Gold Corp. announces that the September 2009 private placement needs to be approved by shareholders - More
- November 23, 2009 | Item | E-mail

Kirrin Resources Clarifies November 19, 2009 Release - More
- November 23, 2009 | Item | E-mail

Ecometals Obtains Loan Extension - More
- November 23, 2009 | Item | E-mail

Indonesia, Newmont agree further 14 pct stake sale - "A consortium of Indonesian local governments has agreed to buy an additional 14 percent stake in a local unit of Newmont Mining Corp. (NEM.N), a Newmont official said on Monday." More
- November 23, 2009 | Item | E-mail

Timberline Announces Completion of Private Placement Financing - "Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") announced today that it has executed subscription agreements and closed (conditional upon NYSE Amex acceptance) its offering for 3,003,400 Units of Timberline at $1.00 per Unit, for gross proceeds of $3,003,400." More
- November 23, 2009 | Item | E-mail

ZEUS IP Survey Outlines Additional Potential at Entree's Heruga Deposit, Mongolia - "Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the "Company") announces that it has received ZEUS induced polarization (IP) survey results which cover the Company's Heruga deposit along with preliminary results from surveys over the Hugo North Extension deposit. The survey was designed to further test the full extent of the chain of deposits associated with the Oyu Tolgoi mineralized trend, which currently continues along strike for over 12 kilometres." More
- November 23, 2009 | Item | E-mail

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