The Premier Silver Resource Website
Visit GoldSeek.com
Visit GoldReview.com
Visit UraniumSeek.com

- CLICK HERE TO VISIT THE NEW SILVERSEEK.COM -
Live Spot Silver
Navigation
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes







 
Gold Seeker Closing Report: Gold and Silver Gain Over 2%

By: Chris Mullen, Gold-Seeker.com


-- Posted 1 February, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1103.60

+$21.80

Silver

$16.62

+$0.41

XAU

156.13

+5.54%

HUI

394.89

+5.57%

GDM

1184.89

+5.44%

JSE Gold

2194.53

-13.98

USD

79.18

-0.30

Euro

139.35

+0.63

Yen

110.34

-0.49

Oil

$74.43

+$1.54

10-Year

3.654%

+0.045

T-Bond

118.15625

-0.65625

Dow

10185.53

+1.17%

Nasdaq

2171.19

+1.11%

S&P

1089.19

+1.43%

 

 

 

The Metals:

 

Gold fell a few dollars in Asia and traded near unchanged in London before it climbed steadily higher throughout trade in New York and ended near its late session high of $1105.90 with a gain of 2.02%.  Silver followed a similar pattern and ended near its late session high of $16.655 with a gain of 2.53%. 

 

Euro gold rose to about €793, platinum gained $33 to $1542, and copper gained a few cents to about $3.08.

 

Gold and silver equities rose throughout most of the day and ended with over 5% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Personal Income

Dec

0.4%

0.3%

0.5%

Personal Spending

Dec

0.2%

0.3%

0.7%

Construction Spending

Dec

-1.2%

-0.5%

-1.2%

ISM Index

Jan

58.4

55.5

54.9

 

Obama unveils $3.83T budget with massive deficits  Yahoo

 

Tomorrow at 10AM EST is the Pending Home Sales report for December expected at 1.1%.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose on hopes for rising demand due to cold weather and also on worries over supply disruptions after a pipeline attack in Nigeria.

 

The U.S. dollar index fell after stronger-than-expected euro zone PMI data pushed the euro higher.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose over 1% on mostly better than expected economic data in the US.

 

Among the big names making news in the market today were Gannett, Humana, Exxon, Boston Scientific, Citigroup, Toyota, and Cephalon.

 

The Commentary:

 

Dear CIGAs,

 

WARNING: In the last two days you have received two emails, both more than likely unsolicited by you, yet not unwelcome.

 

There are some misassumptions concerning their argument for the US dollar and gold in both communications.

 

The first is:

 

"Fed’s Currency Swap Lines:  A BIG deal for the Dollar"

 

This article written in good faith, I am sure, but fails on three points.

 

1. It properly defines the basic currency swap between central banks but fails to follow the money through the transaction to its final destination.

 

The swaps done with the ECU, Swiss, British and other non-US central banks were for the purpose of bailing out those non-US banks that were the losing debit counter party to major US derivative dealers.

 

In order to reverse these swaps without non-US central banks having to borrow dollars in the dollar market from others, effecting short term interest rates and upsetting the economic apple cart, the banks bailed out would have to miraculously invent some way to pay back the dollars.

 

Ask how much of this can in fact be paid back by the non-US banks now. The answer is very little.

 

The proper conclusion then is if the swaps were to be closed it would impact the short and medium term rates up to one year because it would require the final recipient of the cash to have re-cashed itself miraculously which they have not.

 

2. How often has the Federal Reserve informed you of what they intend to do before they have actually done it? The answer is rarely unless the MOPE had a purpose that would replace the need to do what was announced or deliver another valuable product. Keep in mind it is hard to sell bonds in dollars when the dollar is moving lower and other central banks wish diversification.

 

If in fact the swaps were to be repaid you would hear about it after the fact because as it would have already impacted interest rates and the value of the US dollar. Swaps like those now in place do impact currency values. Therefore to pre-announce it would work against the interest of the Federal Reserve’s counter-parties on the swaps. It is akin to sinking your partner on purpose and in public.

 

3. The only time you can conclude a swap is closed is by hindsight investigation of balance sheets of both parties. This means that this report you received is offering an opinion of what they feel will happen based on MOPE with no solid who, where and when actionable intel.

 

4. Then you are making a recommendation on the interpretation of MOPE which is usually just what MOPERs wants you to think.

 

The second is:

 

"Put your faith in charts. They are much more truthful than people!"

 

This communication came from an excellent and reliable chart reader. However, I find point one somewhat prejudice, and the second point to be correct but not defined as to the term of impact.

 

Charts give you guidance according to the definition of what time scale charts you are looking at. Short-term developments cannot be equated to long-term predictions.

 

This email basically says those that argue fundamentals do it because they market what they make their living by doing it. Can that argument not be applied to a person who sells a technical service? How about those that understand both the technical and the fundamental and do not do either for a living? You can only attack by claiming the later source is simply wrong because he is simply stupid.

 

Please keep in mind that even if both were right, the right they would be correct, this time, is on a SHORT TERM fundamental or technical event that would end reversing itself at the ending or simply becoming a non-factor when completed.

 

That has no relevance to insuring yourself against the mountain of debt, the mountain of bankrupt states and nations, the mountain of liquidity that has no practical means of being withdrawn and the weakness of the western world’s economies.

 

It is also important to keep in mind that any major currency that declines in value increases the demand for gold within that area when paper currencies are in general question as to storehouses of value.

 

Both parties sending these communications mean well, but have overlooked key parts of the argument they make.

 

Respectfully yours,”- Jim Sinclair, JSMineset.com

 

Dear CIGAs,

 

The problem that we have today is that so many people are technical analysis “experts” that they are easily led around by chart patterns. That is the reason the Goldmans of the world can achieve so much by expending relatively little at strategic price levels and times. By painting charts you then get the usual throng of “experts” telling you “why” something is moving on the chart when more often than not, the action on the chart is in contradiction to the fundamentals. Price action makes market commentary is an axiom that will never lose its cogency.

 

Short term technical patterns will always overrule longer term fundamentals because so much money is at stake. Only the bravest or (stupidest depending on your perspective) trader can sit there and let a position move against himself if he is undercapitalized which most traders are. Prudence or margin calls dictate that they get out which reinforces the technical move and this continues until the bigger, well capitalized, long term fundamentalists move in and put an end to the technical play. It happens over and over and over again in markets and always will as long as they exist. It is also the reason that fortunes are made in the markets and why so few succeed. Only those who actually UNDERSTAND the markets that they are trading in RECOGNIZE when these technically based moves create HUGE OPPORTUNITIES that provide small risk, high probability chances for big profits.

 

An example of this occurred just recently in the wheat market. Index fund rebalancing required managed money and some swap dealers to buy large amounts of wheat, regardless of the fact that the fundamentals in wheat dictated that US wheat was at a supply surplus and its price was too high on the world market. That did not stop these unthinking funds from loading their plates with more and more of the stuff and pushing prices even higher. Why in the world would a market move higher when the very reason its underlying product was not selling because it was already priced too expensively on the global market? Answer – there is NO SOUND REASON FOR IT TO DO SO. Wheat moved higher because this fund buying tripped all sorts of technical buy signals and that had everyone and their mother doing all manner of semantic gymnastics looking for reasons to explain why the inexplicable was occurring. Suffice it to say, ONLY THOSE WHO UNDERSTOOD THE FUNDAMENTALS IN THE WHEAT MARKET, were able to keep their wits and recognize an opportunity created by these mindless funds which have taken over our markets. They sold and made money when wheat promptly collapsed in price after these funds were done engorging themselves with the stuff.

 

Today, far too many traders and analysts for that matter, are out there commenting on markets that they genuinely do not understand. It takes years and years of constant trading and study of individual markets to truly understand them and even at that, there are always new factors that need to be integrated into the mix of knowledge that one gains about that market. I have long told other would be traders, that the person who attempts to trade practically every market out there will never make money. One must learn to focus only on a few markets and thoroughly know those markets inside and out before they can hope to keep from becoming another casualty on the floor of the trading exchange.

 

Without learning the markets that one attempts to trade, one becomes a dupe that is easily led in circles. You end up going long, getting stopped out, then going short, then getting stopped out, then reversing back to long, then getting stopped out again until you are eventually cleaned out. The reason is because without knowledge of a market, you have no conviction other than the most recent short term price chart pattern. Without conviction based on sound knowledge, you become a trader than runs on emotions instead of discipline inevitably ending up chasing markets all over the place hoping to get it right. That’s not trading – it’s gambling, and you would be better off in Vegas where at least they have some nice looking show girls instead of a bland, blinking price quote screen.

 

That brings me back to the US Dollar – where is the fundamental argument in favor of a long term bull market in the greenback? Keep things simple – look at the almost unquantifiable sum of dollars being created and ask yourself where is the demand going to come from that can hope to absorb all of it. We have saddled not only the next generation and our own children with a crushing burden but their children as well. At some point it becomes mathematically impossible to realistically pay back such debt. All that is left becomes either a default or a currency devaluation.

 

Economics 101 still applies – when supply increases and demand remains constant or decreases, price must fall. Short term technical factors can temporary blur such axioms but they cannot undo economic law. Leveraged trade unwinding can push currencies all over the place and temporarily obscure the horrific fundamentals enveloping the Dollar, but once those run their course, we are right back to where we began once again – too many dollars and too few buyers of those dollars. Try to contemplate the size of the number ONE TRILLION and then, if that is possible, multiply that number and enlarge it further. Then try to contemplate the INTEREST PAYMENTS ALONE on such a sum. That is where the US has now arrived.

 

No nation in history has ever printed its way to prosperity, borrowed its way to prosperity or spent its way to prosperity. The US will not be exempt from this truth

 

Regards,

 

Trader Dan- Dan Norcini, More at JSMineset.com

 

GATA Posts:

 

 

Two gold ETFs approved for Thailand

Fearing run on dollar, Goldman's collapse, did Paulson not rig markets?

Paulson feared run on dollar and collapse of Goldman Sachs

The Privateer's summary of central banking's early wars against gold

Ambrose Evans-Pritchard: Should Germany bail out Club Med or leave euro itself?

Gold price suppression: Nothing new under the sun

CFTC to join market riggers in conference on suppressing energy prices

Kevin Bambrough and David Franklin: Beware counterfeiters

Jim Rickards has much to say about gold on King World News

Ted Butler's weekly interview with King World News

David Reilly: Secret banking cabal emerges from AIG shadows

John Embry: Why gold will keep going up for years

 

The Statistics:

Activity from: 1/29/2010

Gold Warehouse Stocks:

9,909,864

-

Silver Warehouse Stocks:

111,932,954

+104,805

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)

SPDR® Gold Shares

1111.922

35,749,401

US$38,826m

London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )

Gold Bullion Securities

123.13

3,957,011

US$4,348m

Australian Stock Exchange (ASX)

Gold Bullion Securities

15.35

491,682

US$542m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

52.52

1,688,518

US$1,849m

NASDAQ Dubai

Dubai Gold Securities

0.155

4,982

US$5m

 Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.22 tonnes and the ASX subtracted 0.02 tonnes.

 

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

 

Silver Trust (SLV) Total Tonnes in Trust: 9,384.98 - No change from yesterday’s data.

 

The Miners:

 

Nevsun’s (NSU) analyst tour, Exeter’s (XRA) management addition, Taseko’s (TGB) copper hedges, Northern Dynasty’s (NAK) updated mineral resource estimate, Banro’s (BAA) exploration results, Fronteer’s (FRG) drill results, Goldcorp’s (GG) dividend, and Sabina’s (SBB.V) Nunavut update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Exeter

XRA +15.91% $7.43

2.  Minefinders

MFN +14.30% $10.47

3.  Hecla

HL +12.50% $5.13

 

LOSER

1.  Kimber

KBX -0.93% $1.06

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

All of today's gold and silver stock news:

Victory Nickel Signs Contract for Minago Road Construction - More
- February 01, 2010 | Item |


Vaaldiam Resources Ltd. Responds to Announcement of Unsolicited Take-Over Bid - More
- February 01, 2010 | Item |


Western Pacific Begins Trading - More
- February 01, 2010 | Item |


Nevsun Resources Ltd.: Bisha Tour/INDABA/Africa Mining Congress - "Nevsun Resources Ltd. ("Nevsun") (TSX:NSU - News)(AMEX:NSU - News) is pleased to report on the successful conclusion of another analyst tour to the Bisha Project January 26-29, 2010. The visit was attended by a number of representatives from mining buy side, sell side and media analysts. The visit was well received by everyone attending, as well as by the Ministry of Energy and Mines and the Eritrean National Mining Corporation (ENAMCO). The property tour and country visit was a coordinated effort by Nevsun and Sunridge Gold Corporation. The visitors also had an opportunity to meet with two other companies actively exploring in Eritrea." More
- February 01, 2010 | Item |


Exeter adds Louis Montpellier to senior management - "The Board of Directors of Exeter Resource Corporation (NYSE - Amex: XRA, TSX: XRC, Frankfurt: EXB - "Exeter" or the "Company") is pleased to announce the addition of Mr. Louis Montpellier to its senior management. He has been an independent director of the Company since January 2008." More
- February 01, 2010 | Item |


Shane Resources Ltd. Announces Grant of Stock Options - More
- February 01, 2010 | Item |


Avalon Commences Exploration Drilling on East Kemptville Tin-Indium Project, Yarmouth Co., Nova Scotia - More
- February 01, 2010 | Item |


Eurasian Announces Bronco Creek Exploration Acquisition Completed - More
- February 01, 2010 | Item |


Aurion Announces New Appointments and Auditor - More
- February 01, 2010 | Item |


Darnley Bay Resources Issued Prospecting Permits, Winter Exploration Program in Preparation - More
- February 01, 2010 | Item |


Ventana Announces Additional La Mascota Drill Results - More
- February 01, 2010 | Item |


Forum Begins Drilling on the Costco Zone, Key Lake Road Project, Athabasca Basin - More
- February 01, 2010 | Item |


Bralorne Updates Assay Results on BK East Raise - More
- February 01, 2010 | Item |


Volcanic Initiates First Ever Airborne Geophysical Survey Over the Gjegjan Mining District with 1,248 Line Kilometers to Be Flown - More
- February 01, 2010 | Item |


Crowflight on Track to Resume Bucko Mine Production in Q1 2010 - More
- February 01, 2010 | Item |


Strongbow Stakes New Claims in South Central British Columbia - More
- February 01, 2010 | Item |


Ecometals Announces Delay in Proposed Sale of Condor Gold Project - More
- February 01, 2010 | Item |


Victoria Gold Obtains Receipt for Final Prospectus - More
- February 01, 2010 | Item |


European Goldfields Limited - Company Announcement - More
- February 01, 2010 | Item |


Canadian Mining's Million Dollar Deal With Mayen Conditionally Approved - More
- February 01, 2010 | Item |


American Goldfields Announces Board Appointment - More
- February 01, 2010 | Item |


Patriot Gold Announces Board Appointment - More
- February 01, 2010 | Item |


Eagle Plains & Prize Mining Announce Filing of NI 43-101 Compliant Technical Report on the Yellowjacket Project - More
- February 01, 2010 | Item |


Paget Minerals Appoints George Tikkanen to Board of Directors, Grants Stock Options - More
- February 01, 2010 | Item |


Goldcorp Declares Second Monthly Dividend Payment for 2010 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its second monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, February 11, 2010 will be entitled to receive payment of this dividend on Friday, February 19, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003." More
- February 01, 2010 | Item |


Galahad Metals Inc.: Stock Option Grant - More
- February 01, 2010 | Item |


Galway receives gold concession in Surata, Colombia, near its California-Vetas gold properties - More
- February 01, 2010 | Item |


First Quantum Minerals Announces Commencement of International Arbitration Regarding the Cancellation of the Kolwezi Project - More
- February 01, 2010 | Item |


Robex announces the appointment of André Vézina and Michel Doyon as new Board members - More
- February 01, 2010 | Item |


SEMAFO Identifies New Surface Targets at Mana - More
- February 01, 2010 | Item |


Golden Star Drills High Grade Gold Zones Beneath Benso Pit - More
- February 01, 2010 | Item |


First Gold Increases Its Land Holdings - More
- February 01, 2010 | Item |


Verena Minerals Announces Board and Management Changes - More
- February 01, 2010 | Item |


Adriana Announces Increase and Update on Structured Flow-Through Private Placement Financing - More
- February 01, 2010 | Item |


Eagle Plains & Prize Mining Announce Filing of NI 43-101 Compliant Technical Report on the Yellowjacket Project - More
- February 01, 2010 | Item |


Arco Acquires Predilecta Gold Property in Oaxaca, Mexico From Fortuna Silver Mines - More
- February 01, 2010 | Item |


Globex's Rare Earth Property Returns Significant Assays - More
- February 01, 2010 | Item |


Laurentian Goldfields Ltd. Appoints Dr. Mark O'Dea to the Board of Directors - More
- February 01, 2010 | Item |


Centamin Egypt: Completion of Delisting From the Australian Securities Exchange - More
- February 01, 2010 | Item |


Centamin Egypt: Sukari Gold Project Reserve Upgrade - More
- February 01, 2010 | Item |


Fire River Gold Project Update - Nixon Fork Gold Mine, Alaska Winter 2010 - More
- February 01, 2010 | Item |


Drilling Commencing on Sahuayacan to Follow up on Previous Results of 7.5 Meters Grading 56 Grams per ton Gold - More
- February 01, 2010 | Item |


Capital Gold Corporation Announces Approval For NYSE AMEX Listing - More
- February 01, 2010 | Item |


Atna Resources Begins Trading on OTC Bulletin Board - More
- February 01, 2010 | Item |


Uranium North Identifies Gold Potential on KAM Property - More
- February 01, 2010 | Item |


Two Foreign Investment Funds Invest in Arianne - More
- February 01, 2010 | Item |


Canadian Zinc Files Amended and Restated Quarterly Financial Statements - More
- February 01, 2010 | Item |


AndeanGold Signs Memorandum of Understanding to Acquire a 60% JV Interest in the Urumalqui Au-Ag Project, Peru - More
- February 01, 2010 | Item |


EurOmax Resources Limited appoints Interim Chief Executive Officer - More
- February 01, 2010 | Item |


Chariot Resources Announces National Designation for the Mina Justa Project - More
- February 01, 2010 | Item |


Ireland Inc. Reports Additional 2009 Drill Program Results - More
- February 01, 2010 | Item |


Equinox Establishes New US$400 Million Corporate Loan Facility to Extinguish Lumwana Project Debt Facilities - More
- February 01, 2010 | Item |


Stratabound intersects grades of 30.4% zinc at CNE; finds copper-cobalt zone similar to Captain; silver assays up to 1,058.5 g/t - More
- February 01, 2010 | Item |


Highland Commences 4,000 Metre Drill Program on Rickaby Property in the Beardmore-Geraldton Gold Belt - More
- February 01, 2010 | Item |


Midlands First Tranche Brings in $4.6 Million - More
- February 01, 2010 | Item |


Tasiast M&I Resources Increase by 21% to 6.5 Moz - More
- February 01, 2010 | Item |


Gitennes Options Urumalqui Project - More
- February 01, 2010 | Item |


Xstrata Nickel Sudbury Operations and Canadian Auto Workers Local 598 Reach Tentative Collective Agreement - More
- February 01, 2010 | Item |


Caldera Resources Inc. retains Renmark Financial Communications Inc. - More
- February 01, 2010 | Item |


Probe Mines Announces Proposed $250,000 Non-Brokered Private Placement - More
- February 01, 2010 | Item |


Khan Announces Take Over Bid From CNNC at C$0.96 Per Common Share - More
- February 01, 2010 | Item |


Thunder Mountain Gold Appoints R. Llee Chapman to the Company's Board - More
- February 01, 2010 | Item |


Mr. Declan Costelloe Joins Colt's Advisory Board - More
- February 01, 2010 | Item |


Marathon Announces Resource Expansion Drilling at Geordie Lake and Valentine Lake - More
- February 01, 2010 | Item |


Touchdown Capital Enters Prolific Ontario Gold Camp with Option Agreement on Mhakari's 80 Square-Kilometre Argyle Project - More
- February 01, 2010 | Item |


AuEx Ventures, Inc.: Final 2009 Long Canyon Holes Produce Strong Results - More
- February 01, 2010 | Item |


Mountain Lake and Marathon Commence Drilling at Valentine Lake Gold Project - More
- February 01, 2010 | Item |


Firestone Ventures Announces Results From Quetzal Zinc-Lead-Silver Project - More
- February 01, 2010 | Item |


Northland Resources S.A.: Co-Financing Makes a New Railroad Possible in Pajala - More
- February 01, 2010 | Item |


Colibri Resource Corporation names Ronald Goguen Sr. to the Board of Directors and provides update on activities - More
- February 01, 2010 | Item |


First Quantum Minerals Ltd. Announce Issuance of New First Quantum Shares - More
- February 01, 2010 | Item |


Uranium One Announces 400% Increase in Kazakh Reserves to 47.8 Million Pounds and a 12% Increase in Indicated Resources at Karatau to 16.3 Million Pounds - More
- February 01, 2010 | Item |


Taseko Extends Copper Hedges at Significantly Higher Prices - "Consistent with the Company's existing strategy to manage its operating margins effectively in volatile copper markets, a producer put and call option was used. Approximately 23 million pounds of forward copper production, from June 2010 to December 2010, has been hedged at a price range of US$2.50 - US$3.95 per pound. Under the hedging program, Taseko will receive the prevailing market copper price while within the price range. Should the market price be outside the price range, Taseko will receive a minimum of US$2.50 and a maximum of US$3.95 per pound for the hedged copper. Remaining production from Gibraltar is unhedged." More
- February 01, 2010 | Item |


Sabina Gold & Silver Provides Update on Nunavut - "Sabina and Sabina's management team have an extensive history working in Nunavut," said Tony Walsh, Sabina's President & CEO. "We have always been encouraged by the support we've received from all levels of Nunavut government and Inuit agencies for responsible sustainable development of our projects. Those of us working in Nunavut, view the territory as a vast new mining frontier. The area is rich geologically and hosts prolific opportunities to find oil, precious metals, base metals and diamonds. This is a huge opportunity for those investors on the ground floor of what we believe will become a major mining region in the world." More
- February 01, 2010 | Item |


Updated Mineral Resource Estimate Confirms the Pebble Project as North America's Most Important New Copper-Gold-Molybdenum Development Opportunity - "Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE Amex: NAK) announces that the Pebble Limited Partnership ("PLP" or the "Pebble Partnership") has provided an updated mineral resource estimate for southwest Alaska's Pebble Project, confirming it as one of the world's most significant undeveloped copper-gold-molybdenum porphyry deposits and North America's most important mineral development opportunity." More
- February 01, 2010 | Item |


Banro reports initial exploration results at the newly-discovered Ntula Gold Prospect on its Twangiza Property - "Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce the results of the first phase of exploration on the newly discovered Ntula Prospect, located on the Company's wholly-owned Twangiza Property in the Democratic Republic of the Congo (the "DRC"). The initial exploration work at Ntula included geological mapping, soil sampling, and rock chip sampling of artisanal workings and outcrops." More
- February 01, 2010 | Item |


Fronteer: Drilling Returns 3.94 Grams Per Tonne Gold Over 77.7 Metres at Long Canyon, Nevada - "Fronteer (TSX:FRG - News)(AMEX:FRG - News) announces that drill results from Long Canyon's metallurgical program have returned oxide gold intercepts of up to 3.94 grams per tonne gold (0.115 ounces per ton) over 77.7 metres, including 25.01 g/t (0.730 oz/ton) over 4.4 metres in LCM30." More
- February 01, 2010 | Item |


- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 1 February, 2010 | |


Latest Articles


Gold Seeker Closing Report: Gold and Silver Fall Over 2% More
13 December, 2011

Gold Seeker Closing Report: Gold and Silver Fall Almost 3%
12 December, 2011

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Slightly on the Week
9 December, 2011

Gold Seeker Closing Report - Article Archive List

SilverSeek.com is presented to you by:

© 2003 - 2011
SilverSeek.com, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.