Gold Seeker Closing Report: Gold and Silver Fall Slightly

	Close	Gain/Loss
Gold	$1142.35	-$5.65
Silver	$17.99	-$0.09
XAU	170.55	+1.15%
HUI	434.66	+0.78%
GDM	1305.46	+0.87%
JSE Gold	2277.38	+6.64
USD	81.66	+0.46
Euro	133.03	-0.86
Yen	106.92	-0.44
Oil	$83.70	+$0.02
10-Year	3.772%	+0.034
T-Bond	117.63125	-0.3125
Dow	11134.29	+0.08%
Nasdaq	2519.07	+0.58%
S&P	1208.67	+0.23%

Gold saw slight gains at $1149.23 in Asia before it fell back off in London to see a $15.86 loss at as low as $1132.14 by about 10:30AM EST, but it then rallied back higher into the close and ended with a loss of just 0.49%. Silver rose to $18.15 in Asia and fell to $17.75 in London before it also rallied back higher in New York and ended with a loss of just 0.5%.

Euro gold rose to about €858, platinum gained $6 to $1734.50, and copper fell over 4 cents to about $3.49.

Gold and silver equities traded over 1% lower for most of the morning, but they then began to rise midday and climbed to see about 1% gains by the close.

Report	For	Reading	Expected	Previous
Initial Claims	4/17	456K	450K	480K
PPI	Mar	0.7%	0.5%	-0.6%
Core PPI	Mar	0.1%	0.1%	0.1%
Existing Home Sales	Mar	5.35M	5.29M	5.01M
FHFA Home Price Index	Feb	-0.2%	-0.2%	-0.8%

Tomorrow at 8:30AM EST brings Durable Goods Orders for March expected at 0.1%. Excluding autos, orders are expected at 0.7%. At 10AM is the New Home Sales Report for March expected at 330,000.

Oil reversed early losses and ended with a slight gain as traders moved past (for the moment) endless worries about Greece.

The U.S. dollar index rose as the euro fell after Greece’s larger than expected deficit increased worries over the country’s financial future.

Treasuries reversed early gains and ended lower as the Dow, Nasdaq, and S&P reversed early losses and ended higher on the view that Greece will get bailed out.

Among the big names making news in the market today were PepsiCo, Verizon, Continental Air, CenturyTel and Qwest, Philip Morris, Blackstone, Baxter, and Codexis.

“With options expiry and first day notice for delivery into the May silver contract coming up next week... all topped off with a record auction of Treasury debt... I'm not optimistic about anything earth shattering happening with either precious metal until that is out of the way... which won't be until the first week in May.

Any substantial rally after that [or even before, if I'm wrong about the time line] will depend entirely on whether the bullion banks show up to go short against any [or all] new longs that are placed. They don't even have to cover their short positions... all they have to do is put their collective hands in their collective pockets and do nothing... and we'll see a rallies in both metals that will truly take you breath away.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 76.48 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 8,912.94 - No change from yesterday’s data.

SEMAFO’s (SMF.TO) test results, Ivanhoe’s (IVN) amended shareholder rights plan, Revett’s (RVM.TO) first quarter production results, First Majestic’s (FR.TO) award of distinction, and Silver Quest’s (SQI.V) new director 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.

Duncan Park Announces Update to Proposed Private Placement - More
- April 22, 2010 | Item | ShareThis

VG Gold's Drilling Delivers More Wide Intersections from Paymaster - More
- April 22, 2010 | Item | ShareThis

San Gold Drills High Grade in New RL East Zone Including 4.9 Meters of 319 g/tonne - More
- April 22, 2010 | Item | ShareThis

Brett Resources Inc.: A-Zone Drilling Continues to Return Significant Widths and Grades; Exploration Drilling Tests RAB and Sande & Stewart Areas - More
- April 22, 2010 | Item | ShareThis

Avion Gold Produces 15,700 Ounces in the First Quarter of 2010 - More
- April 22, 2010 | Item | ShareThis

Calibre Reports Trench Results From Borosi Gold-Copper Concessions, Nicaragua - More
- April 22, 2010 | Item | ShareThis

Aura Silver Closes First Tranche of Flow-Through Private Placement Financing - More
- April 22, 2010 | Item | ShareThis

Liberty Silver Corp. Appoints H. Richard "Dick" Klatt as Chief Geologist - More
- April 22, 2010 | Item | ShareThis

Revett Minerals Inc. Achieved Record Mill Throughput at Troy Mine - "Despite anticipated lower grades, our first quarter production results are above plan and sets the stage for continued optimization of Troy operations. We are advancing development of the C bed mineralized zone which may lead to significantly higher grades by year end. We are also systematically increasing our knowledge base of other areas adjacent to Troy, which with further work may lead to a significant increase in mine life at Troy." More
- April 22, 2010 | Item | ShareThis

Focus Announces Additional Assays from Nueva California - More
- April 22, 2010 | Item | ShareThis

Trelawney Intersects 190.66 Metres of 1.88 g/t Gold on 100-Metre Step-Out at the Cote Lake Deposit - More
- April 22, 2010 | Item | ShareThis

Matamec Fully Reimburses its $1,396,000 Debt - More
- April 22, 2010 | Item | ShareThis

Ecometals Reports Second Shipment of Port Stockpiled Manganese Mineralized Material From Brazil - More
- April 22, 2010 | Item | ShareThis

Kootenay commences resource calculation on Promontorio Pit Area - More
- April 22, 2010 | Item | ShareThis

Platinum Group Closes 74% Ownership Transaction, Western Bushveld Joint Venture - More
- April 22, 2010 | Item | ShareThis

Duluth Metals Expands Higher Grade Area on Nokomis Deposit - More
- April 22, 2010 | Item | ShareThis

La Quinta Acquires Historical Data on its Easter Project in Nevada - More
- April 22, 2010 | Item | ShareThis

Trueclaim Exploration Inc. Announces Commissioning of an Airborne Survey & Lease of High Tech Field Analytical Equipment - More
- April 22, 2010 | Item | ShareThis

Avanti Mining announces purchase of contiguous mineral claims at Kitsault - More
- April 22, 2010 | Item | ShareThis

Ruby Creek Resources to Appear at Chicago Resource Expo on April 24, 2010 - More
- April 22, 2010 | Item | ShareThis

Camino Minerals Corporation Shares Commence Trading on the TSX Venture Exchange - More
- April 22, 2010 | Item | ShareThis

ValGold Shareholder Update April 2010 - More
- April 22, 2010 | Item | ShareThis

Cavan Increases the Size of its Private Placement to Raise up to $500,000 - More
- April 22, 2010 | Item | ShareThis

Great Western Minerals Group Ltd Appoints Russell Grant as Senior Vice-President of Business Development - More
- April 22, 2010 | Item | ShareThis

Globex and Drinkard Metalox Formalize Refractory Gold Processing Joint Venture - More
- April 22, 2010 | Item | ShareThis

Orosur Mining Inc.: Director's Dealing - More
- April 22, 2010 | Item | ShareThis

Logan Resources completes ground magnetic survey - More
- April 22, 2010 | Item | ShareThis

AndeanGold Signs Agreement to Acquire a 60% JV Interest in the Advanced-Stage Urumalqui Au-Ag Project, Peru - More
- April 22, 2010 | Item | ShareThis

Amerigo Announces Q1 2010 Production Results and Dates for Release of Q1 2010 Results and Investor Conference Call - More
- April 22, 2010 | Item | ShareThis

Philippine Metals Inc. Begins Trading on the Frankfurt Exchange - More
- April 22, 2010 | Item | ShareThis

Northern Star Announces Further Drill Results - More
- April 22, 2010 | Item | ShareThis

Abbastar Intersects 9.8 g/t Gold Over 4.7 Metres at Talbot Lake Project, Ontario - More
- April 22, 2010 | Item | ShareThis

Khan's Largest Shareholder Requisitions Special Meeting of Shareholders - More
- April 22, 2010 | Item | ShareThis

Golden Hope Mines Quickly Advances Towards Completion of the First Phase of Drilling on Bellechasse-Timmins 2010 - More
- April 22, 2010 | Item | ShareThis

Brazil Gold Retains Investor Relations Firm NFC Corp. to Increase Market Awareness - More
- April 22, 2010 | Item | ShareThis

Salazar Project To Be Presented To Community Forums - More
- April 22, 2010 | Item | ShareThis

Orebodies Assays High Grade Lithium and Rare Metals on Zigzag Property - More
- April 22, 2010 | Item | ShareThis

Kivalliq Receives CDN $1.78 Million from Early Warrant Exercises - More
- April 22, 2010 | Item | ShareThis

Harte Gold Confirms Extension of Sugar Zone Mineralization at Depth Intersects 8.35 g/t Over 1.72 Metres (Including 18.13 g/t Over 0.62 Metres) - More
- April 22, 2010 | Item | ShareThis

Inter-Citic Releases Drill Hole Results from Dachang Gold Project - More
- April 22, 2010 | Item | ShareThis

Farallon Announces Internet Defamation Case Award - More
- April 22, 2010 | Item | ShareThis

Osisko and Clifton Star Report Initial 2010 Drill Results From the Duparquet Project - More
- April 22, 2010 | Item | ShareThis

Alto Group Holdings Addresses Mining Opportunity in Mexico - More
- April 22, 2010 | Item | ShareThis

Vantex Resources Ltd: Galloway Project - More
- April 22, 2010 | Item | ShareThis

Aquila and HudBay Announce Continued Positive Drilling Results Including 150 Meters of Gold and Zinc Mineralization in Hole LK-421 - More
- April 22, 2010 | Item | ShareThis

Paladin Energy Ltd: Quarterly Activities Report For Period Ending-31 March 2010 - More
- April 22, 2010 | Item | ShareThis

Northern Superior Resources Inc. Intersects Gold-Bearing Shear Zones, Wachigabau Gold Property, Quebec - More
- April 22, 2010 | Item | ShareThis

Big Bear Mining Corp. Commences Initial Field Work on Skinner and Shabu Lake Claims - More
- April 22, 2010 | Item | ShareThis

Kalimantan Gold Plans Private Placement - More
- April 22, 2010 | Item | ShareThis

Silver Sun Announces Entry Into Option Agreement for the Acquisition of Up to 100% of Five Mineral Claims Located in Cariboo Mining District - More
- April 22, 2010 | Item | ShareThis

Evolving Gold Appoints R. Stuart (Tookie) Angus Chairman of EVG Board - More
- April 22, 2010 | Item | ShareThis

LKA Approves New Golden Wonder Mine Operator and Joint Venture Partner - More
- April 22, 2010 | Item | ShareThis

Chesapeake Announces Positive Preliminary Economic Assessment for Metates - More
- April 22, 2010 | Item | ShareThis

Bannerman Resources Releases Quarterly Activities Report For the Period Ended 31 March 2010 - More
- April 22, 2010 | Item | ShareThis

First Majestic Silver Corp.: 2nd Year Running for Mexican Distinction as a "Socially Responsible Business" - "This important recognition marks the second consecutive year that First Majestic has received this annual award of distinction. This award is another indication of the Company's commitment to social responsibility and was granted to First Majestic for its many continuous programs in place in the areas of responsibility, transparency and sustainability within its Mexican operations." More
- April 22, 2010 | Item | ShareThis

SEMAFO: Metallurgical Tests Reveal a 5% Increase in Bedrock Recovery at Mana - "SEMAFO (TSX: SMF - News) today reported the results of metallurgical tests and rock mechanics investigations on Wona bedrock at the Mana Mine in Burkina Faso. Studies were carried out by SGS South Africa ("SGS") and Golder Associates ("Golder") respectively as part of the pre-feasibility and feasibility studies ("PFS/FS") conducted by Met-Chem Canada Inc., currently in progress." More
- April 22, 2010 | Item | ShareThis

Ivanhoe Mines Amends Shareholders' Rights Plan - "The Board of Directors of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News) announced today that it has amended the shareholders' rights plan previously adopted on April 5, 2010." More
- April 22, 2010 | Item | ShareThis

Silver Quest Appoints New Director - "Silver Quest Resources (TSX VENTURE:SQI - News; "Silver Quest" or "the Company") is pleased to announce the appointment of Mr. Robert McLeod, P.Geo to its board of directors." More
- April 22, 2010 | Item | ShareThis

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