Gold Seeker Closing Report: Gold and Silver Gain Almost 1%

	Close	Gain/Loss
Gold	$1192.25	+$10.35
Silver	$17.68	+$0.13
XAU	169.08	+2.32%
HUI	445.13	+2.00%
GDM	1340.80	+2.01%
JSE Gold	2352.88	-15.81
USD	82.79	+0.19
Euro	128.87	-0.55
Yen	114.33	-0.96
Oil	$77.44	+$0.90
10-Year	2.932%	-0.032
T-Bond	127.96875	+0.375
Dow	10229.96	+0.74%
Nasdaq	2222.48	+1.10%
S&P	1083.48	1.14%

Gold traded slightly higher in Asia before it fell off in London and saw a $6.40 loss at $1175.50 a little after 8AM EST, but it then stormed back higher for most of trade in New York and ended near its late morning high of $1193.50 with a gain of 0.88%. Silver fell to as low as $17.405 before it also rallied back higher and ended near its late morning high of $17.755 with a gain of 0.74%.

Euro gold rose to about €924, platinum gained $9 to $1511, and copper gained nearly 7 cents to about $3.00.

Gold and silver equities rose over 2% by late morning before they pulled back a bit midday, but they then climbed back higher in afternoon trade and ended near their earlier highs.

Report	For	Reading	Expected	Previous
Building Permits	June	586K	572K	574K
Housing Starts	June	549K	575K	578K

There are no major economic reports due out tomorrow, but Bernanke will begin his biannual testimony on monetary policy before the Senate Banking Committee. On Thursday he will be before the House Financial Services Committee.

Oil fell as the U.S. dollar index and treasuries rose on poor earnings reports and mixed housing data that sent the Dow, Nasdaq, and S&P over 1% lower at the open, but stocks and oil then climbed back higher in afternoon trade and ended with decent gains as traders positioned themselves ahead of Bernanke’s testimony tomorrow.

Among the big names making news in the market today were United Health, Goldman Sachs, PepsiCo, Whirlpool, State Street, BNY Mellon, BP, IBM, MGIC, and J&J.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 89.66 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9185.29 - No change from yesterday’s data.

Fronteer’s (FRG) drill results, Midway’s (MDW) Preliminary Economic Assessment results, New Gold’s (NGD) increase in gold production, First Quantum’s (FM.TO) production, Fortuna’s (FVI.V) construction update, Great Panther’s (GPR.TO) drill results, and Avino’s (ASM.V) project developments 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.

Otterburn Closes $200,000 Non-Brokered Private Placement - More
- July 20, 2010 | Item | ShareThis

Far West Mining Reports High Grade Assays From Western Extension of Santo Domingo - More
- July 20, 2010 | Item | ShareThis

Levon Announces Appointment of Two New Directors - More
- July 20, 2010 | Item | ShareThis

EMX Outlines Significant Copper-In-Soil Anomaly at the Vert de Gris Porphyry Copper Gold Prospect, Haiti - More
- July 20, 2010 | Item | ShareThis

Philippine Metals Inc. Engages Accent Marketing - More
- July 20, 2010 | Item | ShareThis

Adroit Resources Inc.: $400,000 Loan Financing Accepted by TSX-V - More
- July 20, 2010 | Item | ShareThis

Sulliden Commences Drilling Activities and Provides Operations Update - More
- July 20, 2010 | Item | ShareThis

Coro Announces Completion of Titan 24 Geophysical Survey at Chacay Property - More
- July 20, 2010 | Item | ShareThis

Alturas Commences Drilling at La Corina Copper-Gold Project, Chile - More
- July 20, 2010 | Item | ShareThis

Adanac Appoints Chief Restructuring Officer - More
- July 20, 2010 | Item | ShareThis

Andean American Corporate Update - More
- July 20, 2010 | Item | ShareThis

Canada Lithium Corp. Completes Amendment to Articles to Remove Minority Shareholdings - More
- July 20, 2010 | Item | ShareThis

AM Gold Inc.: Announces Granting of Class 3 Approval and Red Mountain Exploration Program - More
- July 20, 2010 | Item | ShareThis

Houston Lake Mining Discovers Potential New Gold Zone on its West Cedartree Project - More
- July 20, 2010 | Item | ShareThis

Alexandria Enlarges High Grade Zone at Akasaba with 23.89 g/t Au Over 1 m - More
- July 20, 2010 | Item | ShareThis

First Gold Exploration Retains Octobaan IR to Broaden Company's Market Following in European Markets and Starts Listing Procedures for the US OTCQX Stock Market - More
- July 20, 2010 | Item | ShareThis

Huldra Silver Inc. Receives Long-Term Mines Act Permit - More
- July 20, 2010 | Item | ShareThis

Riverstone Continues to Expand the Goulagou Gold Deposits on its Karma Project - More
- July 20, 2010 | Item | ShareThis

Golden Chalice Resources Posts NI 43-101 Technical Report for Radio Hill Iron Ore Property on SEDAR - More
- July 20, 2010 | Item | ShareThis

Fortuna Provides Update on Construction at the San Jose Project, Mexico - "Construction activities are on schedule and within budget for completion and commissioning of the mine in the third quarter of 2011. Once in operation at a rate of 1,500 tpd, the San Jose Mine will produce 5 million silver equivalent ounces annually at a cash cost of US$ 6.20 per ounce (see Fortuna's news release dated April 26, 2010). At that point, Fortuna's consolidated annual silver equivalent production will be 7 million ounces plus base metal credits from the Caylloma Mine. Management is planning to achieve full production capacity within 24 months from the start of operations. The technical report of the San Jose Project is available on the Company's website at www.fortunasilver.com." More
- July 20, 2010 | Item | ShareThis

ATW Options 70% of Gullewa Copper-Gold Project for AUD$9 Million - More
- July 20, 2010 | Item | ShareThis

NWM Drills 2.155 g/t Au over 25.9 Meters at Lluvia de Oro (R10-08) - More
- July 20, 2010 | Item | ShareThis

AuEx Ventures, Inc.: New Long Canyon Drill Hole Returns 0.154 Opt Over 210 Feet - More
- July 20, 2010 | Item | ShareThis

Great Western Minerals Group Updates True Blue REE Exploration Program: Claim Staking Triples Property Size - More
- July 20, 2010 | Item | ShareThis

Blackstone Acquires 100% Interest in Norway Projects From Xstrata Nickel - More
- July 20, 2010 | Item | ShareThis

Vantex Shareholders Approve Reduced Stock Option Prices - More
- July 20, 2010 | Item | ShareThis

Rare Earth Metals Completes Letitia Lake/Red Wine Airborne Survey - More
- July 20, 2010 | Item | ShareThis

Diadem Announces New Equity "Flow Through" Financing With MineralFields to Raise $1,000,000 - More
- July 20, 2010 | Item | ShareThis

Wildcat and Riva Announce Completion of Acquisition of Mammoth Minerals and Plan of Arrangement; Riva Completes $1.5 Million Private Placement and Appoints... - More
- July 20, 2010 | Item | ShareThis

Lions Gate Enters Into Consulting Agreement With Ken Faulkner - More
- July 20, 2010 | Item | ShareThis

Steele Recording Corporation Announces Preliminary Assay Results: Undertakes Expansion at Comstock-Tyler Project - More
- July 20, 2010 | Item | ShareThis

GoldSpring Acquires Key Properties in the Comstock Lode District and Reports Related Drill Results - More
- July 20, 2010 | Item | ShareThis

Guinness Exploration Receives Yukon Permit Approvals for Trenching and Drilling at Nantawa Project - More
- July 20, 2010 | Item | ShareThis

Northern Superior Resources Inc. Initiates Reverse Circulation Drill Program, Ti-Pa-Haa-Kaa-Ning Gold Property - More
- July 20, 2010 | Item | ShareThis

Dorato Receives Further High-Grade Gold Results From Taricori Drilling:TAR-020 Intercepts 8.9 Metres Grading 10.84 g/t Gold (0.31 oz/t) - More
- July 20, 2010 | Item | ShareThis

Western Copper Provides Update on Management Team - More
- July 20, 2010 | Item | ShareThis

Kent Receives Alexander River IP Survey Results - More
- July 20, 2010 | Item | ShareThis

Cortez Receives Conditional Approval for Petlacala Gold-Silver Project in Guerrero, Mexico - More
- July 20, 2010 | Item | ShareThis

Bullion Monarch Mining Reports Record Annual Revenue - More
- July 20, 2010 | Item | ShareThis

Rainy River Intersects 51.2 g/t Gold Over 1.5 Metres in ODM17 Zone, Reports More High Grade Intercepts in 433 Zone and Provides a 2010 Exploration Update - More
- July 20, 2010 | Item | ShareThis

Oro Gold Adds Fourth Drill Rig and Provides Mid-Year Exploration Update - More
- July 20, 2010 | Item | ShareThis

Western Pacific Announces $2.1M Private Placement - More
- July 20, 2010 | Item | ShareThis

Tournigan Mobilizes Zone 45 Drill Program - More
- July 20, 2010 | Item | ShareThis

Exploration License of Award-winning Dadi Property Secured by Silver Dragon Subsidiary Inner Mongolia Guangda Mining, Ltd. - More
- July 20, 2010 | Item | ShareThis

Intrepid Mines Limited: Drilling Recommences, Additional Rigs Scheduled, Porphyry Resource Estimate Due September 2010 - More
- July 20, 2010 | Item | ShareThis

Argonaut Gold Inc. Announces 57% Increase in Gold Production Year Over Year - More
- July 20, 2010 | Item | ShareThis

San Marco Readies Tecomate for Drilling - More
- July 20, 2010 | Item | ShareThis

Virgin Metals Inc.: Provides Update on Los Verdes Project - More
- July 20, 2010 | Item | ShareThis

Cadillac Files Thierry Mine Updated Resource Estimate and Technical Report - More
- July 20, 2010 | Item | ShareThis

White Mountain Signs Letter of Intent to License New Titanium Metal Technology - More
- July 20, 2010 | Item | ShareThis

Big Bear Mining Corp. Announces the Addition of New Board Member Michael J. Schifsky - More
- July 20, 2010 | Item | ShareThis

American Rare Earths and Materials, Corp. Announces Ticker Symbol Change to "AREM" Effective Today - More
- July 20, 2010 | Item | ShareThis

Bolero Resources Corp.: Positive Assays Confirm Rare Earth Elements in Soil Grids - More
- July 20, 2010 | Item | ShareThis

Kalimantan Gold Completes C$661,750 Private Placement - More
- July 20, 2010 | Item | ShareThis

Fronteer Gold Inc.: Drilling Along Northern Extension of Deposit Intersects 64 Metres of 5.27 g/t Gold at Long Canyon, Nevada - "Fronteer Gold (TSX:FRG - News)(AMEX:FRG - News) announces that drilling to the northeast of the current resource area at Long Canyon continues to return broad intervals of high-grade oxide gold. The Nevada gold deposit is now 2.7-km long and remains open for expansion." More
- July 20, 2010 | Item | ShareThis

Great Panther Drills 1,681g/t Silver Over 3.15 Metres at Topia Mine - "GREAT PANTHER SILVER LIMITED (TSX:GPR - News) (the "Company") is pleased to report further assays, from the now expanded 7,200 metre (from the initial 6,000 metre) surface drill program on the Topia mine veins. The following core drilling results are from the Cantarranas and San Jorge veins (Hormiguera mine), San Gregorio vein (San Gregorio mine), El Rosario vein (El Rosario mine), Don Benito vein (exploration area) and La Prieta vein (recently purchased La Prieta mine). Highlights are reported in the table below, while plan and longitudinal maps with all of the 2010 surface drilling results reported to date are located on the Company website at www.greatpanther.com. The program will provide for additional mineral resources to direct mine development and expansion decisions over the next several years and the Company anticipates mineral resource calculations for an additional four to five Topia area mines by September 2010." More
- July 20, 2010 | Item | ShareThis

Avino Silver & Gold Mines Ltd.: Further Developments at San Gonzalo - "Avino's mine contractor DMG have been driving two declines, the upper level 1 (2306 m) elevation and the lower level 2 (2260 m elevation). Both levels have intersected the San Gonzalo vein, Level 2 has intersected the San Gonzalo vein and a splay vein. These are known as San Gonzalo vein 1 and San Gonzalo. They are shown on a plan map on Avino's website." More
- July 20, 2010 | Item | ShareThis

Midway Announces Preliminary Economic Assessment Results for Pan Project - "Midway Gold Corp. (“Midway” or the “Company”) (MDW:TSX-V; MDW:NYSE-AMEX) is pleased to report the results of the Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Pan project located in White Pine County, Nevada. The PEA, prepared by Gustavson Associates, is based on the July 1, 2009 resource estimate for the Pan project. This PEA demonstrates the robust economics and technical favorability of the Pan project. Midway expects that drilling planned in 2010 and 2011 may improve the grade and expand the mineral resource." More
- July 20, 2010 | Item | ShareThis

New Gold Announces 62% Increase in Gold Production in Second Quarter of 2010 - "New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces an update on the second quarter performance of the company's three operating assets with 2010 second quarter gold sales of 82,402 ounces at a total cash cost(1) of $490 per ounce, net of by-product sales. The preliminary production, sales and total cash cost(1) information provided are approximate figures and may differ slightly from the second quarter earnings results." More
- July 20, 2010 | Item | ShareThis

First Quantum Minerals Reports Q2 2010 Production of 85,400 Tonnes of Copper and 51,400 Ounces of Gold - "First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM - News)(LSE:FQM - News) today reported second quarter production of 85,400 tonnes of copper and 51,400 ounces of gold. Copper production was lower than planned principally due to management's decision to cut-back capital investment at the Frontier mine during the quarter." More
- July 20, 2010 | Item |

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