Gold Seeker Closing Report: Gold and Silver End Mixed

	Close	Gain/Loss
Gold	$1132.30	-$4.00
Silver	$18.30	+$0.14
XAU	179.21	-0.86%
HUI	456.92	-0.78%
GDM	1356.13	-0.54%
JSE Gold	2495.06	-9.04
USD	77.94	+0.48
Euro	143.24	-0.89
Yen	107.21	-1.10
Oil	$82.66	-$0.52
10-Year	3.822%	+0.014
T-Bond	115.28125	-0.03125
Dow	10606.86	+0.31%
Nasdaq	2300.05	-0.05%
S&P	1141.69	+0.40%

Gold fell as much as $8.10 to $1128.20 in early London trade before it chopped back higher in New York, but it still ended with a loss of 0.35%. Silver dropped to as low as $18.02 before it also climbed back higher in New York and ended near its late morning high of $18.33 with a gain of 0.77%.

Euro gold rose to about €791, platinum gained $2 to $1550, and copper fell over 6 cents to about $3.41.

Gold and silver equities fell nearly 2% in the first hour of trade before they rebounded slightly, but they still ended with almost 1% losses.

Report	For	Reading	Expected	Previous
Initial Claims	1/02	434K	439K	433K

Tomorrow at 8:30AM EST brings December’s jobs data. Nonfarm Payrolls are expected at -35,000, the Unemployment Rate is expected at 10.0%, Hourly Earnings are expected at 0.2%, and the Average Workweek is expected at 33.2. At 10AM is the Wholesale Inventories report for November expected at -0.3%, and at 3PM is Consumer Credit for November expected at -$5.0 billion.

Oil fell slightly on demand worries after “China's central bank surprised markets by raising the interest rate in a three-month bill auction, which the markets took as a signal of policy tightening, putting pressure on commodities and clipping 10 straight days of gains for oil.”

The U.S. dollar index rose after comments from the Japanese finance minister caused the yen to drop rather markedly. “Finance Minister Naoto Kan, in his inaugural news conference, said that many Japanese companies favor the dollar trading around 95 yen and that he will work with the Bank of Japan to get the currency to "appropriate" levels.”

Treasuries fell a bit while the Dow, Nasdaq, and S&P remained near unchanged as traders positioned themselves ahead of tomorrow’s jobs data.

Among the big names making news in the market today were GM, Constellation Brands, Sears, and Lennar.

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.876 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 79.30 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,488.81 - No change from yesterday’s data.

Almaden’s (AAU) sampling results, Solitario’s (XPL) drill results, Paramount’s (PZG) gold targets, Gold Fields’ (GFI) guidance update, Goldcorp’s (GG) agreement with New Gold (NGD) over interest in the El Moro Project, Bear Creek’s (BCM.V) acquisition and exploration program, Pan American’s (PAAS) exploration results, and U.S. Silver’s (USA.V) hired IR firm and granted options 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.

Almaden Minerals Ltd.: High Grade Surface Gold Zone Expanded at the Yago Project - "Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM - News)(AMEX:AAU - News) is pleased to announce that the Company has received additional surface sampling results from the Carretera zone of its Yago property located in Nayarit State, Mexico. The Carretera zone covers an area of banded quartz veining thought to represent the upper reaches of another epithermal vein system several kilometres west of other veins on the property. Forty-five new rock-chip samples of quartz vein material at surface returned gold values from 0.005 to 18.85 g/t gold and less than detection to 871 g/t silver. Earlier in 2009 an IP and soil sampling survey was carried out which helped define the vein system for this surface sampling program. A total of 62 samples have now been taken from the Carretera zone, and these average 2 g/t gold, ranging from 0.005 to 104 g/t gold. The zone of quartz veining has now been expanded to strike length of over 2 kilometers." More
- January 07, 2010 | Item | E-mail

Asian Mineral Resources Announces Completion of Private Placement - More
- January 07, 2010 | Item | E-mail

Silverado Announces Updated 2009 Mineral Resource Estimates for Workman's and Pringle Bench Gold and Antimony Deposits at Nolan Creek, Northern Alaska - More
- January 07, 2010 | Item | E-mail

ValGold Reports 2009 Exploration Work on Garrison Project and Corporate Update - More
- January 07, 2010 | Item | E-mail

Cogitore Resources Inc. Files Technical Report on Resource Estimate at Scott Lake - More
- January 07, 2010 | Item | E-mail

Ventana Completes Mineral Rights Acquisitions of El Cuatro and Other Strategic Properties at La Bodega - More
- January 07, 2010 | Item | E-mail

Virgin Metals Announces Change to its Board of Directors - More
- January 07, 2010 | Item | E-mail

Golden Chalice Resources Appoints Vice President of Exploration - More
- January 07, 2010 | Item | E-mail

Alto Ventures Ltd.: Drilling to Commence on the Vassal Gold Project, Quebec - More
- January 07, 2010 | Item | E-mail

LiteWave Corp.: Drilling Campaign Initiated on the Villebon Platinum, Nickel, Copper and Gold Property - More
- January 07, 2010 | Item | E-mail

ACFAW.COM: Villebon Gold, Nickel, Copper and PGE Property Drilling Campaign Initiated, New Board of Directors - More
- January 07, 2010 | Item | E-mail

Amador Gold Corp. Commences Drilling on Loveland Gold/Copper/Nickel Project West of Timmins - More
- January 07, 2010 | Item | E-mail

Warrior Ventures Inc. Updates Corporate Activities - More
- January 07, 2010 | Item | E-mail

Bear Creek announces acquisition of Campanario gold property and exploration program for its 100% held Tassa silver/gold prospect, Peru - "Bear Creek Mining Corporation (TSX Venture: BCM) ("Bear Creek" or the "Company") is very pleased to provide an update to its exploration efforts being advanced in concert with feasibility studies underway at the Company's two large silver deposits, Corani and Santa Ana." More
- January 07, 2010 | Item | E-mail

Pele Mountain Acquires Property in Thunder Bay Area With High Potential for Nickel-Copper and Platinum Group Elements - More
- January 07, 2010 | Item | E-mail

Solitaire Minerals Corp. and Partner Delta Uranium Inc. Announce Results from the Athabasca Basin - More
- January 07, 2010 | Item | E-mail

Solitario Exploration & Royalty Reports Drilling Results on Its Pedra Branca Platinum-Palladium Project, Brazil - "Solitario Exploration & Royalty Corp. (NYSE Amex: XPL; TSX: SLR) announced that it has received all assay results for its 2009 drilling program at its Pedra Branca platinum-palladium project in northeastern Brazil. Forty-eight core holes totaling 3,675 meters were completed on seven different prospects." More
- January 07, 2010 | Item | E-mail

Uruguay Mineral Exploration Inc. and Fortune Valley Resources Inc. Announce Completion of Plan of Arrangement - More
- January 07, 2010 | Item | E-mail

Éléonore South JV Project 1-km-long Gold Halo - More
- January 07, 2010 | Item | E-mail

Azimut: Update on the Eleonore South Property - More
- January 07, 2010 | Item | E-mail

Infinito Noteholders Waive Defaults Arising From Delay of Decision in Costa Rican Court Proceedings - More
- January 07, 2010 | Item | E-mail

Golden Predator Appoints Michael O'Brien CFO; Announced as First Sponsor of Yukon First Nations 2010 Project - More
- January 07, 2010 | Item | E-mail

Klondex to Review High-Grade Nevada Gold Exploration Program at Vancouver Resource Conference Jan. 17-18 - Booth F600 - More
- January 07, 2010 | Item | E-mail

Abitex reports final U-Au results for Epsilon-B - More
- January 07, 2010 | Item | E-mail

Strathmore Minerals Corp.: Bayswater Meets Superior Competing Offer for Pine Tree-Reno Creek Properties - More
- January 07, 2010 | Item | E-mail

Canadian Arrow reports drill results including new nickel copper discovery - More
- January 07, 2010 | Item | E-mail

Strait Gold Grants Options to Senior Geologist - More
- January 07, 2010 | Item | E-mail

Metanor Drills 3.49 g/t Au Over 45.6m on Inter and Main Zones at Barry - More
- January 07, 2010 | Item | E-mail

Source Discovers High Grade Silver Vein Grading Up to 3,090 g/t Silver,(91.9 oz/ton) and 0.57 g/t Gold (0.016 oz/ton) at the San Acacio Property, Zacatecas - More
- January 07, 2010 | Item | E-mail

Apoquindo Commences Drilling at Zafranal - More
- January 07, 2010 | Item | E-mail

Lake Victoria's Singida Geophysical IP Survey Identifies a Well Defined Anomaly - More
- January 07, 2010 | Item | E-mail

Sheltered Oak Provides Update and Outlook for 2010 - More
- January 07, 2010 | Item | E-mail

Gold Summit Sells Portion of Nevada Lithium Assets - More
- January 07, 2010 | Item | E-mail

Adex Announces Plans for North Zone Development in 2010 - More
- January 07, 2010 | Item | E-mail

Delta Announces Initial Results on its Athabasca Project - More
- January 07, 2010 | Item | E-mail

Bullion Monarch Mining Reports Increased Royalty Expectations From Leeville Property - More
- January 07, 2010 | Item | E-mail

Galantas Adds 13 New Gold Exploration Targets - More
- January 07, 2010 | Item | E-mail

Paramount Gold and Silver Corp. Discovers Bulk Mineable Gold Targets at San Miguel Project - "The initial phase of target test drilling at Paramount`s 100% owned San Miguel Project in the Palmarejo Mining Camp, Chihuahua State, Mexico has discovered a new, gold-rich, bulk-mineable style of deposit with the potential to meet Paramount`s goal of adding two million ounces of gold resources in the current program." More
- January 07, 2010 | Item | E-mail

Big Red Diamond Provides Update on Bristol Gold Project, West Timmins - More
- January 07, 2010 | Item | E-mail

American Lithium Minerals Completes Gravity Testing on First Montezuma Valley Claim Block; Trough System Identified, Drilling to Be Contracted - More
- January 07, 2010 | Item | E-mail

Focus Receives Drill Permit for Nueva California Project, Drilling to Commence Shortly - More
- January 07, 2010 | Item | E-mail

GWR Resources extends Gold-rich Aurizon Central Zone, improves exploration targeting - More
- January 07, 2010 | Item | E-mail

Southern Arc Announces Issuing of IUP Licenses for Its Central Java Properties - More
- January 07, 2010 | Item | E-mail

Oro Silver Reports on Thiosulphate Processing Option at El Compas Property - More
- January 07, 2010 | Item | E-mail

North Arrow Reports 1.18% Li2O Over 12.0 m from Beaverdam Project, North Carolina - More
- January 07, 2010 | Item | E-mail

Athena Silver Corporation (f/k/a Golden West Brewing Company, Inc.) Acquires Silver Property Purchase Contract - More
- January 07, 2010 | Item | E-mail

Redstar Hires Contact Financial - More
- January 07, 2010 | Item | E-mail

PC Gold to Drill More Than a Dozen New Shallow Targets in First Quarter; Adds Third Drill to Program - More
- January 07, 2010 | Item | E-mail

Bayswater Meets Terms of Competing Offer for Reno Creek Project - More
- January 07, 2010 | Item | E-mail

Alamos Gold Inc. Reports Record Quarterly Production Results, Provides Operations and Exploration Updates and 2010 Budgets - More
- January 07, 2010 | Item | E-mail

Lake Shore Gold Acquires Interest in RT Minerals Corp. - More
- January 07, 2010 | Item | E-mail

Azteca Gold Announces Two Mile Silver and Base Metal Assay Results and Outlines Silver Targets for 2010 - More
- January 07, 2010 | Item | E-mail

Paget Minerals Grants Stock Options - More
- January 07, 2010 | Item | E-mail

Caldera shares to start trading on a consolidated basis effective January 7, 2010 - More
- January 07, 2010 | Item | E-mail

Stillwater Mining Company Comments on Robust Outlook for Palladium in the Surging PGM Market - More
- January 07, 2010 | Item | E-mail

Solitaire Minerals Corp. Increases Private Placement - More
- January 07, 2010 | Item | E-mail

ValGold Proposes Restructuring and Subscription Receipts Offering - More
- January 07, 2010 | Item | E-mail

Langmuir Project Yields Two Open-Pit Nickel Resources and Potential for 20-40 Million Tonnes in Additional Exploration Target - More
- January 07, 2010 | Item | E-mail

Valley High Receives Final Option Payment for the Boundary Zone - More
- January 07, 2010 | Item | E-mail

Andean Resources Appoints Scott Brunsdon as Chief Financial Officer - More
- January 07, 2010 | Item | E-mail

Amseco Abandons its Purchase Option for the Souart Property - More
- January 07, 2010 | Item | E-mail

Gryphon Gold Corporation Appoints R. William Wilson as CFO - More
- January 07, 2010 | Item | E-mail

Gold Fields Issues Q2 F2010 Guidance Update - "Attributable production for Q2 F2010 is expected to be approximately 900koz, which is 2.8% lower than the previous guidance of 925koz, provided on 29 October 2009. The lower production is mainly as a result of seismic related production stoppages experienced in South Africa. At the Driefontein mine in particular, seven days of production, or almost one third of the December production month, were lost due to a major seismic event which resulted in an extended search and rescue operation, as previously reported." More
- January 07, 2010 | Item | E-mail

Pan American Silver Reports Exceptional Exploration Results at Its La Colorada Mine - "Pan American Silver Corp. ("Pan American") (TSX:PAA - News)(NASDAQ:PAAS - News) is pleased to provide an update on its continuing underground exploration drilling program at the La Colorada mine, located in the State of Zacatecas, Mexico." More
- January 07, 2010 | Item | E-mail

Goldcorp to acquire stake in El Morro project - "Canada's Goldcorp Inc (G.TO) said on Thursday it will buy mining giant Xstrata's (XTA.L) 70 percent stake in the El Morro gold project in Chile, through a deal with New Gold Inc (NGD.TO), Xstrata's partner in the project." More
- January 07, 2010 | Item | E-mail

New Gold Announces Exercise of El Morro Right of First Refusal and Partnership with Goldcorp - "New Gold Inc. ("New Gold") (TSX and NYSE AMEX-NGD) today provided notice to Xstrata Copper Chile S.A. ("Xstrata"), a wholly owned subsidiary of Xstrata Plc, of the exercise of its right of first refusal to acquire 70% of the El Morro copper-gold project ("El Morro") in Chile for $463 million. New Gold, as Xstrata's current 30% joint venture partner in El Morro, holds the right of first refusal which came into effect on October 12, 2009 when Barrick Gold Corporation ("Barrick") announced that it had entered into an agreement with Xstrata to acquire 70% of El Morro. Goldcorp Inc. ("Goldcorp") will loan the $463 million to New Gold to fund the exercise of the right of first refusal. After acquisition of the 70% interest by a New Gold subsidiary, New Gold will sell that subsidiary to Goldcorp." More
- January 07, 2010 | Item | E-mail

Goldcorp Announces Agreement With New Gold Inc. to Aqcuire Xstrata's 70% Interest in the El Morro Project - "Goldcorp Inc. (TSX:G - News)(NYSE:GG - News) today announced the execution of a binding agreement (the "Agreement") with New Gold Inc. ("New Gold"), whereby New Gold will exercise its right of first refusal and acquire the 70% interest in the El Morro project held by Xstrata Copper Chile S.A. ("Xstrata Chile"), a wholly owned subsidiary of Xstrata Plc. Goldcorp will advance $463 million to New Gold to fund the exercise of the right of first refusal by a New Gold subsidiary. Following the acquisition of the 70% interest by the New Gold subsidiary, Goldcorp will acquire that subsidiary from New Gold. Goldcorp will pay New Gold $50,000,000 in cash upon closing of the subsidiary acquisition, and has agreed to amend certain terms of the El Morro Shareholders Agreement, including with respect to New Gold's capital funding obligations." More
- January 07, 2010 | Item | E-mail

U.S. Silver Hires German IR Firm & Grants Options - "U.S. Silver Corporation (TSX-V: USA, US OTC: USSIF, Frankfurt: QE2) (“US Silver” or “the Company”) is pleased to announce that it has entered into a Consulting Agreement dated January 1, 2010 with Metals & Mining Consult Ltd (“MMC”) pursuant to which MMC will provide investor relations services to the Corporation." More
- January 07, 2010 | Item | E-mail

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