Gold Seeker Closing Report: Gold and Silver Fall Almost 2%

	Close	Gain/Loss
Gold	$1129.10	-$22.20
Silver	$18.30	-$0.33
XAU	175.92	-3.67%
HUI	447.14	-3.91%
GDM	1333.08	-3.73%
JSE Gold	2500.54	-40.09
USD	77.00	-0.01
Euro	144.93	-0.22
Yen	109.88	+1.29
Oil	$80.74	-$1.73
10-Year	3.719%	-0.099
T-Bond	116.8125	+1.625
Dow	10627.26	-0.34%
Nasdaq	2282.31	-1.30%
S&P	1136.22	-0.94%

Gold rose $6.57 to $1157.87 in Asia and fell $7.65 to $1143.65 by early trade in New York before it rebounded to find slight gains by late morning, but it then fell back off into the close and ended near its late session low of $1125.00 with a loss of 1.93%. Silver climbed to $18.79 and dropped to $18.327 before it also rebounded back near unchanged by late morning in New York, but it too fell back off in late trade and ended near its early afternoon low of $18.14 with a loss of 1.77%.

Euro gold fell to about €779, platinum lost $19.50 to $1564.50, and copper fell over 9 cents to about $3.34.

Gold and silver equities fell over 2% at the open before they rebounded slightly midmorning, but they then fell back off for most of the rest of trade and ended with almost 4% losses.

Report	For	Reading	Expected	Previous
Trade Balance	Nov	-$36.4B	-$34.6B	-$33.2B

Tomorrow at 2PM EST brings the fed’s Beige Book and the Treasury Budget for December expected at -$92.0 billion.

The U.S. dollar index traded mixed and ended near unchanged as traders digested news that China “would raise the reserve requirement ratio by 0.5 percentage point, effective next week, in the clearest sign yet of monetary policy tightening.” “The dollar advanced versus the Australian dollar and other high-yielding currencies on Tuesday, but turned lower versus the euro, after the People's Bank of China said it would require banks to hold more cash in reserve as it attempts to restrain credit growth.”

Treasuries rose while the Dow, Nasdaq, and S&P fell on disappointing earnings reports. Bonds added to their early gains after today’s 3-year note auction drew a high yield of just 1.49% with a strong bid to cover of 2.98.

Among the big names making news in the market today were Supervalu, Cadbury and Kraft, Hartford, KB Home, Devon, and Alcoa.

Visit CBC Radio and scroll down to Part Two to listen to an interesting debate between Sprott Asset Management’s John Embry and Larry Swedroe who is principal and director of research for The Buckingham Family of Financial Services.

“The CME Delivery Report yesterday showed that 159 gold and 14 silver contracts are due for delivery tomorrow... January 13th. So far in January 2,625 gold and 149 silver contracts have been delivered. Not huge numbers considering it's a not a big delivery month, but reasonably impressive nevertheless. There were no changes reported at either the GLD or SLV ETFs yesterday. But there were changes at Switzerland's Zürcher Kantonalbank last week. Their gold ETF rose 59,200 ounces... the first increase in three weeks. But it was their silver ETF that was the shining star once again, as their silver stocks rose an impressive 975,390 troy ounces. As of Friday, January 9th... ZKB's gold stash was 4.75 million ounces and their silver pile contained 60.35 million ounces. Once again I thank Carl Loeb for those numbers. The U.S. Mint had nothing to say for itself yesterday, but over at the Comex-approved depositories... 402,615 ounces of silver were reported withdrawn.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.05 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.

Barrick’s (ABX) venture in Pakistan, ITH’s (THM) new Chief Operating Officer, Solitario’s (XPL) new exploration and development activities, Eldorado’s (EGO) White Mountain update, Kirkland’s (KGI.TO) drill results, Excellon’s (EXN.TO) production, Abcourt’s (ABI.V) drill results, and Oro Silver’s (OSR.V) acquired 100% interest in the Ana Camila claim group 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.

Cloudbreak Acquires 100% Interest in Yukon's White Gold District - More
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Minera Andes Exploration Update - More
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Excellon Reports Record Production Levels and Guidance for 2010 - "The mine and the mill have performed well on a very consistent and reliable basis since the Company began processing its ore at Miguel Auza in March of last year. This ore production represents a record for Platosa, representing the highest nine-month production total ever achieved at Platosa, and in fact exceeding previous twelve-month totals as well," stated Christopher Hopkins, Excellon's Chief Financial Officer. "This has provided a strong and stable cash flow to fund our exploration program. Current cash balances total $6million. Cash is lower at period end due to the purchase of the Company's former joint venture partner's interest in Platosa for $2.5million (including VAT), the expanded exploration program at Platosa and the timing of concentrate shipments at year end." More
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Abcourt Mines Inc.: Good Silver Assays Intersected in First Hole Drilled on Jonpol Property - "Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX-V:ABI - News)(Berlin:ABI - News)(Frankfurt:ABI - News), is pleased to announce the results of hole J09-2B drilled on section 500 W on the Jonpol property near Amos, Quebec. This hole was drilled from north to south with a dip of 75 degrees at the collar flattening to 38 degrees at 200 m depth. Two mineralized zones were cut." More
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Lounor starts new drill program on Harker Gold property - More
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Victoria Hits Another Wide Gold Intercept at Santa Fe: 284 m Grading 2.50 g/t - More
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Goldstone Updates Hardrock Project Exploration Program - More
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Extract Resources - Rossing South Drilling and Exploration Update - More
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Wits Basin Subsidiary Standard Gold Receives New Stock Symbol - More
- January 12, 2010 | Item | ShareThis

Mindoro Resources Ltd.: New Director and Advisors Appointed - More
- January 12, 2010 | Item | ShareThis

Kent Receives Alexander River Gold Assays - More
- January 12, 2010 | Item | ShareThis

Golden Valley Mines Adopts Shareholders Rights Plan - More
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Pakistan province aims to end Barrick mine venture - "A Pakistani provincial government plans to cancel a $3 billion joint venture copper and gold project owned by Canada's Barrick Gold (ABX.TO) and Chilean copper miner Antofagasta (ANTO.L), a provincial mining official said on Tuesday." More
- January 12, 2010 | Item | ShareThis

Newcastle Options Pickle Lake Gold Prospect - More
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Gold Canyon Proposes Private Placement for $1,500,000 - More
- January 12, 2010 | Item | ShareThis

Etna Resources Inc. Announces Intent to Change Name to Pan American Lithium Corp. - More
- January 12, 2010 | Item | ShareThis

Bralorne Continues Underground Development on High Grade Results - More
- January 12, 2010 | Item | ShareThis

Ecometals Announces Proposed Sale of Condor Gold Project for US$9 Million - More
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International Tower Hill Mines Ltd. Hires Chief Operating Officer for the Development of its Livengood Project, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce the hiring of Mr. Carl Brechtel as the Company's new Chief Operating Officer. Mr. Brechtel has 30 years of mining industry experience on four continents, much of it in the design and development of new projects. He most recently held the position of Pre-feasibility Manager for AngloGold's La Colosa operation in Columbia, a large, open pit-milling, development project. Mr. Brechtel will be in charge of advancing the Livengood project toward production as well as assembling the operational team necessary to construct and operate a major mining project." More
- January 12, 2010 | Item | ShareThis

Gold World Resources Attains 70% Interest in Hebei Ming Yu Mining Corporation - More
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Standard Chartered Bank Completes Anooraq Debt Syndication - More
- January 12, 2010 | Item | ShareThis

Hawthorne Reports Significant Widths of Gold Mineralization From Step-Out Drill Holes on the Taurus West Shear Zone - More
- January 12, 2010 | Item | ShareThis

Gold Fields Expands Discoveries at Woodjam North, B.C. - More
- January 12, 2010 | Item | ShareThis

Adex Announces Lab Scale Production of Indium - More
- January 12, 2010 | Item | ShareThis

IFC to invest up to $8,000,000 in Volta Resources - More
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Strait Gold Closes Private Placement - More
- January 12, 2010 | Item | ShareThis

Pacific North West Capital Corp. Joins AGORACOM and Launches Online IR and Marketing Program - More
- January 12, 2010 | Item | ShareThis

Canadian Arrow reports significant platinum-palladium-gold drill results on second new nickel copper discovery - More
- January 12, 2010 | Item | ShareThis

Premier provides 2010 exploration update - 5 major drill programs totalling approximately 100,000 metres drilling - More
- January 12, 2010 | Item | ShareThis

Lincoln Mining recommences work programs - More
- January 12, 2010 | Item | ShareThis

Lions Gate Metals Letter From the Chief Executive Officer - More
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Demand to Return to the Nickel Market in 2010 - More
- January 12, 2010 | Item | ShareThis

Chariot Resources Completes Final Public Hearing in Esia Review Process - More
- January 12, 2010 | Item | ShareThis

Prophecy Consolidates Lynn Lake Nickel District, Gains VMS Ventures Inc. as Strategic Investor - More
- January 12, 2010 | Item | ShareThis

Gold-Ore Provides Operational Update for the Bjorkdal Gold Mine, Sweden - More
- January 12, 2010 | Item | ShareThis

U3O8 Corp. Identifies Key Pathfinder Elements in Its Uranium Exploration in the Roraima Basin - More
- January 12, 2010 | Item | ShareThis

Golden Share Intersects Major Deformation Zone in Fall 2009 Drill Campaign and Initiates Resource Calculation on Pistol Lake, Ontario, Canada - More
- January 12, 2010 | Item | ShareThis

Avanti Mining Reports Issuance Of Stock Options And Issues Shares In Lieu Of Cash For Interest Payable Under Terms Of Bridge Loan - More
- January 12, 2010 | Item | ShareThis

Gold Reach Resources Ltd. Acquires New Claims Adjacent to Richfield Ventures - More
- January 12, 2010 | Item | ShareThis

Mega Uranium Provides Update on Canadian Exploration - More
- January 12, 2010 | Item | ShareThis

VMS Options Lynn Gabbros Property to Prophecy Resource Corp. - More
- January 12, 2010 | Item | ShareThis

Ecometals Engages RK Equity Advisors to Provide Investor Relations Services - More
- January 12, 2010 | Item | ShareThis

Tombstone Exploration Corp. Hires Steve Radvak as Vice President - Exploration - More
- January 12, 2010 | Item | ShareThis

Wolf K. Seidler Joins the Board of Bridgeport Ventures Inc. - More
- January 12, 2010 | Item | ShareThis

Midland Appoints Mario Masson as Vice-President Exploration - More
- January 12, 2010 | Item | ShareThis

Titan Resources to Acquire Gold Property - More
- January 12, 2010 | Item | ShareThis

Treaty Creek discovery hole runs 241 metres of 0.80 g/t gold - More
- January 12, 2010 | Item | ShareThis

Blue Note Mining Finds More Gold at Williams Brook - More
- January 12, 2010 | Item | ShareThis

Luna Gold provides a development update on its Aurizona gold project - More
- January 12, 2010 | Item | ShareThis

Century Mining Appoints New Directors - More
- January 12, 2010 | Item | ShareThis

Crosshair Intersects 0.24% Vanadium Over 62.6 Metres - More
- January 12, 2010 | Item | ShareThis

Uranium North Identifies 24.62 g/t Gold on Its Tasiq Property - More
- January 12, 2010 | Item | ShareThis

Teuton Resources Corp. and American Creek Resources Ltd.: Treaty Creek Discovery Hole Runs 241 Metres of 0.80 g/t Gold - More
- January 12, 2010 | Item | ShareThis

Mountain Lake and Marathon Finalize Work Program for Next Phase of Drilling at Valentine Lake Gold Project - More
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American Lithium Minerals Adds Four New Projects to Growing Portfolio of Lithium Holdings; U.S. Government Issuing Stimulus Funds for Advancement of Lithium - More
- January 12, 2010 | Item | ShareThis

Eastplats Proceeds With Development of Crocette - More
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Rusoro Mining Reports on Recent Positive Changes to the Exchange Rate Policy in Venezuela - More
- January 12, 2010 | Item | ShareThis

Redstar Continues to Intersect High-Grade Gold at Red Lake - More
- January 12, 2010 | Item | ShareThis

Skygold Reports 19.30 g/t Gold Over 1.5 Metres at Thunder Ridge (Spanish Creek) - More
- January 12, 2010 | Item | ShareThis

Western Lithium to Hold Conference Call Today to Discuss Positive Scoping Study Results - More
- January 12, 2010 | Item | ShareThis

Geovic Mining Resolves Geovic Cameroon Accounting Disagreement - More
- January 12, 2010 | Item | ShareThis

Western Lithium's Positive Scoping Study Results Support Major USA Based Lithium Production - More
- January 12, 2010 | Item | ShareThis

Central Intersects High-Grade Gold at Red Lake - More
- January 12, 2010 | Item | ShareThis

Fjordland Exploration Inc.: Gold Fields Expands Discoveries at Woodjam North, B.C. - More
- January 12, 2010 | Item | ShareThis

Alamos Gold Inc. Encounters High-Grade Mineralization at San Carlos - More
- January 12, 2010 | Item | ShareThis

Firestone Ventures Acquires Antelope Zinc-Lead-Silver Oxide Property, Nevada - More
- January 12, 2010 | Item | ShareThis

DOT Expands Diamond Drilling Program - More
- January 12, 2010 | Item | ShareThis

Prominex Announces Private Placement - More
- January 12, 2010 | Item | ShareThis

Oroco Announces Cerro Prieto Phase Two Drill Results - More
- January 12, 2010 | Item | ShareThis

Canasia to Commence Primary Winter Gold/Copper Drill Program - More
- January 12, 2010 | Item | ShareThis

Solitario Announces Major Expansion of Exploration and Development Activities on Its Bongará Project, Peru - "Solitario Exploration & Royalty Corp. (“Solitario”) (NYSE Amex:XPL) (TSX:SLR - News) announced that significant new exploration and development activities are planned for 2010 on its high-grade Bongará zinc project in northern Peru. Solitario’s partner and project manager, Votorantim Metais (“Votorantim”), has completed its 2010 planning and budgeting for the project. Highlights for 2010 include the initiation of road construction to the project area, initiation of underground access to the San Jorge deposit, metallurgical testing and an aggressive continuation of surface drilling to further define mineralization." More
- January 12, 2010 | Item | ShareThis

Oro Silver Earns-In 100% Interest in Ana Camila Property - "Oro Silver Resources Ltd. ("Oro Silver") (TSX VENTURE:OSR - News) is pleased to announce that it has now acquired 100% interest in the Ana Camila claim group (5 concessions) located adjacent to the El Compas mine in Zacatecas, Mexico. Under the agreement, signed in July 2007, Oro Silver had the option to purchase a 100% interest in the Ana Camila property the final payment having just been completed. The 320 hectare property encompasses the northern 500 metres extension of the gold/silver bearing El Compas vein system." More
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Eldorado Gold Corporation: White Mountain Update - "Paul N. Wright President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "We") (TSX:ELD - News)(NYSE:EGO - News)(ASX:EAU - News) is pleased to provide the following update on the status of its 95% owned White Mountain underground mine in Jilin Province, PRC." More
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Kirkland Lake Gold Inc.: Two New Discoveries Open Potential of the SMC to the East; Drill Hole 53-1520 Returns 6.14 Ounces Per Ton Over 13.7 Feet - "Kirkland Lake Gold Inc. (TSX:KGI - News; AIM:KGI) (the Company), an operating and exploration gold company, is pleased to announce further exploration drilling testing the South Mine Complex (SMC) has resulted in the discovery of two new high-grade zones east of and below the SMC on the Company's 100% owned Macassa property. The SMC consists of 15 or more mineralized zones, some of which are now in production while others are being explored and developed under the Company's aggressive exploration and ore-body definition programs." More
- January 12, 2010 | Item | ShareThis

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