Gold Seeker Closing Report: Gold and Silver Fall About 0.5%

	Close	Gain/Loss
Gold	$1104.45	-$5.85
Silver	$17.29	-$0.08
XAU	163.72	-0.50%
HUI	402.12	-1.05%
GDM	1209.10	-1.04%
JSE Gold	2192.93	-37.60
USD	81.48	+0.21
Euro	134.15	-0.64
Yen	107.78	-0.40
Oil	$82.37	+$0.20
10-Year	3.868%	+0.004
T-Bond	115.59375	+0.15625
Dow	10907.42	+0.11%
Nasdaq	2410.69	+0.26%
S&P	1173.27	+0.00%

Gold saw a gain of $3.09 at $1113.39 in Asia before it fell back off in London and morning New York trade to as low as $1101.78 by about 11:30AM EST, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.53%. Silver climbed to $17.46 in Asia and dropped to as low as $17.202 by late morning in New York before it also rallied back higher in afternoon trade, but it still ended with a loss of 0.46%.

Euro gold fell to under €824, platinum lost $7.50 to $1616.50, and copper gained a few cents to about $3.56.

Gold and silver equities fell over 1% by late morning before they rebounded in afternoon trade, but they still ended with slight losses on the day.

Report	For	Reading	Expected	Previous
Case-Shiller 20-city Index	Jan	-0.7%	-0.7%	-3.1%
Consumer Confidence	Mar	52.5	51.0	46.4

Tomorrow at 8:15AM EST brings ADP Employment for March expected at 40,000. At 9:45 is Chicago PMI for March expected at 61.0, and at 10AM is the Factory Orders report for February expected at 0.5%.

Oil continued yesterday’s advance after decent economic data raised demand expectations.

The U.S. dollar index rose after decent economic data raised interest rate expectations.

Treasuries found slight gains as the Dow, Nasdaq, and S&P struggled to hold on to an early advance in low volume trade.

Among the big names making news in the market today were Primerica, Danaher, RBC, Verizon, and Citigroup.

“As I mentioned in my Saturday column, Friday's volume in gold was huge. The final numbers were very close to the preliminary numbers... 283,838 contracts... of which the vast majority were switches out of the April delivery month... or spread trades being put on or removed. Ted Butler said that Friday's true volume was well under 100,000 contracts. Total gold open interest fell 2,314 contracts. And open interest for the April contract took another big hit... down 33,908 contracts... to 91,285 still left open. That number will fall again with Monday's preliminary CME volume data. And as usual, I'll have that at the bottom of this report when it's released. Silver's open interest fell another 750 contracts on volume of 2,938 contracts.

Monday's CME's Monday Daily Delivery Report showed that 10 gold and 23 silver contracts were posted for delivery on March 31st. The GLD ETF showed another jump in bullion inventory yesterday... this time it was 166,430 troy ounces... a hair over 5 tonnes. In the last six business days... 460,147 ounces of gold have been added to the GLD... 734,207 ounces since February 23rd. But not an ounce of silver has gone into the SLV since February 26th. As a matter of fact, 6.28 million ounces of silver have been removed from the SLV during that period. If you've been following Ted Butler's weekly interviews with Eric King... no further explanation is needed from me.

Over at

Switzerland

's Zürcher Kantonalbank yesterday, they reported the weekly changes in their gold and silver ETFs. Last week their gold ETF added 35,451 ounces... and their silver ETF added another big chunk as well. This time it was 318,444 troy ounces. I thank Carl Loeb for these weekly numbers. There were no further sales reported by the U.S. Mint on Monday... and the Comex-approved depositories added a very small 48,385 ounces of silver to their respective inventories on Friday.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

“Just like in the 70s when gold began its historic climb, the final Pillar of Gold (a bear market in US Treasuries) must be cemented to attain $1650 and above.

Treasuries breaking down, as they are with the 25 year plus uptrend about to be decimated, must happen. Then you can make a living selling US Treasuries rallies short for many years to come.

In the 70s rates on ten year bonds went from under 4% to 14 7/8%. Overnight money went above 21%. It will happen again as gold climbs to and through $1650.

The Formula of 2006 clearly points out that this MUST happen. It was simply common sense as gold is now heading for $1650 and better.

There is another salient point that not only is the Health Bill the biggest grab of centralized power since Roosevelt, it was desired by only 37% of the population while 48% did not want it in that form or at all.

Confidence is what makes currency value and that is sundering fast. The US dollar is no safe haven.”- Jim Sinclair, More at JSMineset.com

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.176 tonnes and the LSE subtracted 0.59 tonnes. SPDR’s record high holding was 1,134.03 tonnes on June 2^nd, 2009.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 76.96 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,278.18 - No change from yesterday’s data.

Claude’s (CGR) 2009 results, Capital Gold’s (CGC) elected chairman, and Gammon Gold’s (GRS) operational outlook, updated reserves and resources, fourth quarter and year-end results, and exploration program update 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.

Iberian Minerals Conference Call to Be Rescheduled - More
- March 30, 2010 | Item | ShareThis

Premium Exploration Hosts LIVE Webcast to Present New 3D Block Model Video and Resource Revision With CEO Wilf Struck - More
- March 30, 2010 | Item | ShareThis

AMI Resources Drills 24m of 3.08g/t Gold including 8.87g/t over 7m and 11.40g/t Gold over 6m including 21.77g/t over 3m - More
- March 30, 2010 | Item | ShareThis

Arco Closes Final Tranche of Non-Brokered Financing - More
- March 30, 2010 | Item | ShareThis

Silvore Fox Minerals Corp. Announces Early Exercise of Warrants - More
- March 30, 2010 | Item | ShareThis

Apella's Iron-T Project Delivers Again: 70.90 Metres (232.61 Feet) Assaying 44.24% Fe2O3, 7.90% TiO2, and 0.53% V2O5 - More
- March 30, 2010 | Item | ShareThis

Darnley Bay Resources Updates Survey Progress, Debt Conversion and Warrant Revision - More
- March 30, 2010 | Item | ShareThis

Shoshone Silver/Gold to Ship Metals Concentrates to Smelter - More
- March 30, 2010 | Item | ShareThis

American Bonanza Gold Corp.: Copperstone Gold Mine Permitting Update - More
- March 30, 2010 | Item | ShareThis

Golden Phoenix Reports on Scorpio Gold's Surface RC Drilling at the Mineral Ridge Gold Deposit - More
- March 30, 2010 | Item | ShareThis

EMC Metals and Jervois Mining Ltd. Receive the NI 43-101 Technical Report for the Nyngan Gilgai Scandium Deposit - More
- March 30, 2010 | Item | ShareThis

Mercator Gold Plc: Annual Report & Notice of Annual General Meeting - More
- March 30, 2010 | Item | ShareThis

Grayd and Hunter Dickinson Form Joint Venture on Delta Project - More
- March 30, 2010 | Item | ShareThis

Jinshan Gold Mines Announces Appointment of Chief Financial Officer - More
- March 30, 2010 | Item | ShareThis

NWT Uranium Corp. Receives Dividend From Niger Uranium - More
- March 30, 2010 | Item | ShareThis

Metanor Resources Inc. Announces the Second Closing of a Private Placement - More
- March 30, 2010 | Item | ShareThis

Abbastar Resources; First 2 Holes Intersect GOLD On Talbot Lake Project, Ontario - More
- March 30, 2010 | Item | ShareThis

Bridgeport Ventures Inc. Announces Conditional TSX Listing Approval - More
- March 30, 2010 | Item | ShareThis

Temex provides exploration update on Joint Venture properties - More
- March 30, 2010 | Item | ShareThis

Colossus Minerals Inc. and COOMIGASP Sign Agreements to Acquire 774 Hectares of Additional Ground Contiguous to Serra Pelada - More
- March 30, 2010 | Item | ShareThis

First Quantum Minerals Updates Kansanshi Resources and Reserves - More
- March 30, 2010 | Item | ShareThis

Tara Minerals CEO to Be Interviewed by VoiceAmerica Talk Radio Network - More
- March 30, 2010 | Item | ShareThis

Andean American Initiates Strategic Relationship With Trafigura - More
- March 30, 2010 | Item | ShareThis

Inspiration Amends Record Date for Proposed Spin-Out - More
- March 30, 2010 | Item | ShareThis

Ressources Appalaches: 10.79 g/t Au over 10.1 m and 350 g/t (11 oz/t) Au over 0.3 m at the Dufferin Mine - More
- March 30, 2010 | Item | ShareThis

First Quantum Minerals Provides RDC Legal Update - More
- March 30, 2010 | Item | ShareThis

Foundation Intersects 27.3 Metres of 4.88g/tonne Gold at Coldstream - More
- March 30, 2010 | Item | ShareThis

Magellan Commences Drilling at Cuiu Cuiu Project, Brazil - More
- March 30, 2010 | Item | ShareThis

Loncor provides update on its Ngayu gold project - More
- March 30, 2010 | Item | ShareThis

Hana Mining RC Drilling in Banana Zone Intersects 1.63% Cu and 39.5 g/t Ag Over 5 Metres, Including 6.59% Cu and 153.3 g/t Ag Over 1 Metre, in North Limb - More
- March 30, 2010 | Item | ShareThis

27.3 Metres of 4.88 g/t Gold Drilled on Alto Ventures Coldstream Property - More
- March 30, 2010 | Item | ShareThis

International PBX Ventures Intercepts Copper Mineralization - More
- March 30, 2010 | Item | ShareThis

BCGold Corp. Announces $1.1 Million Non-Brokered Private Placement - More
- March 30, 2010 | Item | ShareThis

St. Eugene Mining Corporation Announces Flow Through Financing for Amisk Lake Diamond Drilling and Tartan Lake Gold Mine - More
- March 30, 2010 | Item | ShareThis

Focus cuts 46m @ 3.6 g/t Au Equivalent at Nueva California; extends mineralized system to south and west of mine workings - More
- March 30, 2010 | Item | ShareThis

Nevado Announces Promising Results From the La Blache Iron-Titanium Project: Up To 60% Iron and 21% Titanium in Surface Grab Samples - More
- March 30, 2010 | Item | ShareThis

Superior Not Proceeding With Ross Property Option Agreement - More
- March 30, 2010 | Item | ShareThis

Noront reports status on drilling and exploration at McFaulds Lake, James Bay Lowlands - More
- March 30, 2010 | Item | ShareThis

Farallon announces fourth quarter and 2009 financial results - More
- March 30, 2010 | Item | ShareThis

NWM Mining Corporation Closes Tranche 2 of Private Placement - More
- March 30, 2010 | Item | ShareThis

Taku Acquires Second Property in White Gold District of Yukon - More
- March 30, 2010 | Item | ShareThis

Silver Quest Approves $2.2 Million for Capoose Project - More
- March 30, 2010 | Item | ShareThis

Beaufield Drills 6.15% Copper, 9.98% Zinc, 157.96 g/t Silver and 1.72 g/t Gold Over 8 Metres at Tortigny - More
- March 30, 2010 | Item | ShareThis

Anglo Swiss Resources Inc. Initiates 2010 Nelson Mining Camp Exploration - More
- March 30, 2010 | Item | ShareThis

VG Gold Results at Paymaster in Timmins, Ontario - 8.7 metres of 4.58 gpt gold (28.5 feet of 0.133 opt), Including 4.3 metres of 6.22 gpt gold - More
- March 30, 2010 | Item | ShareThis

Cadan Orders a Second Ball Mill for Its T'Boli Gold Plant - More
- March 30, 2010 | Item | ShareThis

El Capitan President/CEO Details Company Plans - More
- March 30, 2010 | Item | ShareThis

Marathon drills 52 m of 0.49 % Cu and 0.96 g/t PGM and Au: Exceeding Expectations at Geordie Lake - More
- March 30, 2010 | Item | ShareThis

NioGold Appoints Simon Ridgeway to Its Advisory Board - More
- March 30, 2010 | Item | ShareThis

U.S. Precious Metals, Inc. Announces Exploration Expansion - More
- March 30, 2010 | Item | ShareThis

Mandate for Certej Project Finance Signed - More
- March 30, 2010 | Item | ShareThis

Claude Resources Inc. Reports 2009 Financial and Operating Results - "Claude Resources Inc. ("Claude" or the "Company") today reported its 2009 financial and operating results. Gold revenue from the Company's Seabee Operation for the year ended 2009 increased 18 percent to $48.5 million from $41.0 million reported for the year ended 2008. The increase was a result of a 20 percent improvement in Canadian dollar gold prices realized (2009 - $1,112 (U.S. $975); 2008 - $930 (U.S. $871)) offset by a modest decrease in gold sales volume (2009 - 43,631 ounces; 2008 - 44,099 ounces)." More
- March 30, 2010 | Item | ShareThis

Capital Gold Corporation Elects Non-Executive Chairman - "Capital Gold Corporation (NYSE AMEX: CGC; TSX: CGC) announced today that independent board member Steve Cooper has been elected non-executive Chairman of the Board of Directors of Capital Gold. Mr. Cooper has over twenty years of experience in the mining and petroleum industries. He also brings strong technology experience to Capital Gold, having previously held the CIO position at a leading energy information organization." More
- March 30, 2010 | Item | ShareThis

Gammon Gold Reports 3-Year Consolidated Operational Outlook and Updated Reserves and Resources - "In 2010, the Company expects to produce 150,000 to 180,000 ounces of gold and 6.10 to 6.85 million ounces of silver, or 260,000 to 305,000 gold equivalent ounces, using a gold-to-silver ratio of 55:1, from existing operations. Total cash costs for 2010 are expected to be $440 to $475 per gold equivalent ounce using the same ratio. The anticipated increase in production over 2009 is expected to be supported by a number of factors including:" More
- March 30, 2010 | Item | ShareThis

Gammon Gold Reports Fourth Quarter and Year End Financial Results - Reports Record Adjusted Earnings, Operating Cash Flow and Net Free Cash Flow - "2009 was a year where we successfully advanced the majority of our internal growth strategy. We have reported record operating and free cash flow levels. Earnings before other items for the quarter and for the year were strong, with the fourth quarter reporting our best ever quarterly result. We are near the completion of the strategic capital expansion program at Ocampo. Operations are running well and we launched an aggressive exploration program after years of inactivity. Although production was impacted by certain unforeseen events during the fourth quarter, we delivered on the majority of our targets for the year. With operations steadily moving to planned levels, we look forward to consistently delivering targeted production levels by mid-2010." More
- March 30, 2010 | Item | ShareThis

Gammon Gold Provides Update on Exploration Program - "Gammon Gold Inc. ("Gammon") (TSX:GAM.to - News): Gammon is pleased to provide an update on its exploration activities. Gammon also announces that its ongoing exploration programs at Ocampo and El Cubo have been successful in delineating two new gold-silver deposits at Ocampo (Las Molinas and Santa Eduviges); the discovery of five new significant target areas at Ocampo with commercial-grade mineralization; ore-grade mineralization at two target areas at El Cubo and plans to resume drilling at the Guadalupe y Calvo project in the coming months." More
- March 30, 2010 | Item | ShareThis

Gammon Gold results boosted by higher metal prices - "Gammon Gold (GAM.TO) reported lower fourth-quarter net income as it booked foreign exchange losses and a tax-related charge, but higher gold and silver prices lifted earnings before special items." More
- March 30, 2010 | Item | ShareThis

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

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.