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

	Close	Gain/Loss
Gold	$1168.95	+$8.85
Silver	$17.61	+$0.15
XAU	167.55	+0.46%
HUI	435.77	+0.38%
GDM	1312.14	+0.40%
JSE Gold	2306.42	+3.98
USD	81.63	-0..52
Euro	130.76	+0.83
Yen	115.18	+0.78
Oil	$78.36	+$1.37
10-Year	2.999%	-0.002
T-Bond	126.875	+0.03125
Dow	10467.16	-0.29%
Nasdaq	2251.69	-0.57%
S&P	1101.53	-0.42%

Gold rose $9.15 to $1169.25 in Asia before it fell back off in London to see a $0.70 loss at as low as $1159.40 by about 10AM EST, but it then rallied back higher for most of the rest of trade ended back near its earlier high with a gain of 0.76%. Silver dropped to as low as $17.464 shortly after 8AM EST before it rose to a new session high of $17.68 by late morning in New York and next fell back off a bit, but it then bounced back higher in late trade and ended with a gain of 0.86%.

Euro gold remained at about €893, platinum gained $29.65 to $1560.50, and copper gained over 4 cents to about $3.29.

Gold and silver equities opened up about 1% higher before they fell to see slight losses midday, but they then rallied back higher in afternoon trade and ended with small gains.

Report	For	Reading	Expected	Previous
Initial Claims	7/24	457K	464K	468K

Tomorrow at 8:30AM EST brings second quarter GDP expected at 2.5%, the Chain Deflator expected at 1.1%, and the Employment Cost Index expected at 0.5%. At 9:45 is Chicago PMI for July expected at 56.3 and at 9:55 is Michigan Sentiment for July expected at 67.5.

Oil rose as the U.S. dollar index fell after the euro climbed to almost 3-month highs on strong data and news out of Europe. The dollar was also hurt “by a report that Moody's top sovereign analyst for the

U.S.

reiterated that the nation's triple-A credit rating could eventually come under scrutiny unless the government presents a credible fiscal consolidation plan.”

Treasuries rose after today’s $29 billion 7-year note auction drew a yield of 2.394% with a bid to cover of 2.78.

The Dow, Nasdaq, and S&P rose at the open on better than expected economic data and earnings reports before they fell to see notable losses midday, but they then rallied back higher in afternoon trade and ended with only modest losses as traders positioned themselves ahead of tomorrow’s GDP report.

Among the big names making news in the market today were Toyota, Panasonic, Symantec, Moody’s, Exxon, Colgate, Motorola, Molycorp, Bunge, Raytheon, Motorola, and BP.

"Currency Induced Cost Push Inflation" cannot be avoided. It will happen overnight as confidence in currency breaks. All of this has happened before.

There was a major dollar rally in 1931 as many European countries defaulted on their debt. The dollar looked outrageously bullish as a mirror image of the weak European currencies. The media spoke of the USA in the manner of a refuge currency in 1931. Then it all changed as it has here and now.

The dollar returned to its previous bear market, plumbing new lows in 1932 and 1933.

We are, here and now, continuing on QE to infinity. Here and now, the Fat Cat insiders of Wall Street know this and are NOW shifting to massive longs under cover of a paper gold game.

The Fat Cat Wall Street demons will make the most money over the shortest period of time in gold just as they did in 1979-80 and in the 1930s. It is totally obvious to the objective observer of the history of gold and currency.

It is here and now. It has all happened before in the same cyclical time frame as now. But here and now, so many are blind to reality.

So many have become gambleholics. So many have lost emotional balance. So many are being fooled daily by the manipulation of the paper gold market.

The trend of dollar value, here and now, is illustrated below. It is all happening again, here and now.

Harry Schultz knows it. I know this. Few have a clue of the spread of the cancerous economic entity known as "QE to Infinity" in the entire Western World.”- Jim Sinclair, JSMineset.com

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 18.55 tonnes, the LSE subtracted 0.01 tonnes, and the JSE subtracted 0.61 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 90.88 - No change from yesterday’s data.

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

Barrick’s (ABX) second quarter results, Eldorado’s (EGO) second quarter results, SilverCrest’s (SVL.V) imminent production, and Silver Standard’s (SSRI) drill results 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.

Solitaire Minerals Corp. Acquires Three Land Packages Along Trend of Eagle Hill's Windfall Project - More
- July 29, 2010 | Item | ShareThis

Vantex Completes a $2,045,000 Flow Through Financing - More
- July 29, 2010 | Item | ShareThis

Canarc Resource Corp.: Shareholder Update; Review of Second Quarter and Outlook for Third Quarter of 2010 - More
- July 29, 2010 | Item | ShareThis

Belo Sun Announces Grant of Options - More
- July 29, 2010 | Item | ShareThis

Avalon Announces Engagement of New OTCQX PAL and New Investor Relations Consultant - More
- July 29, 2010 | Item | ShareThis

First Bauxite Corporation Announces Positive Feasibility Study Results for Its Bonasika Refractory Bauxite Project in Guyana - More
- July 29, 2010 | Item | ShareThis

Amarok Resources Inc.: Flower Zone Assays Indicate Deep Seated Gold Target - More
- July 29, 2010 | Item | ShareThis

Denison Mines Corp. Second Quarter 2010 Results-Telephone Conference to be Held on August 6 at 10:00 am (EDT) - More
- July 29, 2010 | Item | ShareThis

Geoff Chater Appointed President of Valley High Ventures - More
- July 29, 2010 | Item | ShareThis

Sunridge Gold Reports 84 Metres of 1.32 G/T Gold and 0.84% Copper at Adi Rassi, Asmara Project, Eritrea - More
- July 29, 2010 | Item | ShareThis

Lydian Concludes Heads of Agreement for Further Development of Its Drazhnje Lead-Zinc-Silver Project: Kosovo - More
- July 29, 2010 | Item | ShareThis

SilverCrest's Initial Gold & Silver Production Imminent - "SilverCrest Mines Inc. (the "Company") (TSX-V:SVL - News) is pleased to report that gold and silver production at its Santa Elena Mine located in Sonora, Mexico is imminent, with a first metal pour scheduled for early September. Project construction has proceeded as scheduled, and according to budget. Operation activities, such as mining, crushing and pad loading, have been underway for some time and the application of the leach solutions will commence shortly. SilverCrest forecasts that Santa Elena Mine will reach full production rates in the fourth quarter of this year." More
- July 29, 2010 | Item | ShareThis

Lincoln recommences drilling on Pine Grove gold property, Nevada - More
- July 29, 2010 | Item | ShareThis

Ventana Reports Additional La Bodega Drill Results - More
- July 29, 2010 | Item | ShareThis

Mountain Boy Minerals Ltd.: Drilling Continues to Extend High Grade Gold Zone Beneath Historic Dunwell Mine Workings - More
- July 29, 2010 | Item | ShareThis

Rockland Commences Schefferville Gold Program - More
- July 29, 2010 | Item | ShareThis

Commander Options New Brunswick Properties to Stratabound Minerals - More
- July 29, 2010 | Item | ShareThis

Baja Announces Key Boleo Debt Financing Approvals - More
- July 29, 2010 | Item | ShareThis

Vatukoula Gold Mines Interim Operational and Exploration Update - More
- July 29, 2010 | Item | ShareThis

Lithium One Announces Inclusion in World's First Lithium ETF and Issues Update on Field Activities - More
- July 29, 2010 | Item | ShareThis

Ethos Prepares for Drilling at Santa Teresa, Completes Corrales Drilling - More
- July 29, 2010 | Item | ShareThis

Guyana Goldfields Inc. announces acceleration of warrant expiry date - More
- July 29, 2010 | Item | ShareThis

Molycorp Prices Initial Public Offering - More
- July 29, 2010 | Item | ShareThis

Hornby Bay Announces Rights Offering and Commencement of Drilling Program - More
- July 29, 2010 | Item | ShareThis

EurOmax Resources Limited - Drilling at Ilovitza 6 Extends Resource - More
- July 29, 2010 | Item | ShareThis

SLAM announces gold assays from Reserve Creek - More
- July 29, 2010 | Item | ShareThis

Stratabound options base metal prospects extending CNE-Captain property - More
- July 29, 2010 | Item | ShareThis

Network announces initiation of diamond drill program at Caldera - More
- July 29, 2010 | Item | ShareThis

Fjordland Exploration Inc.: Gold Fields Commences 5000 m Drilling Program on Southeast Zone, Woodjam South, British Columbia - More
- July 29, 2010 | Item | ShareThis

Great Quest's Sanoukou Gold Concession Advanced to Drill-Ready Status - More
- July 29, 2010 | Item | ShareThis

Dravco Mining Inc. announces entering into a Letter of Intent with Solauro Industries Inc. - More
- July 29, 2010 | Item | ShareThis

Xtierra Commissions Feasibility Study at Bilbao - More
- July 29, 2010 | Item | ShareThis

North Atlantic Confirms 400 Metres of Southeast and Northwest Strike Extension at Its 100% Owned FT Gold Project - More
- July 29, 2010 | Item | ShareThis

Kalahari Intersects 25.14 g/t Gold (Au) Over 2.03 m (0.733 opt Gold Over 6.66 ft) in Lamaque Triangle Zone - More
- July 29, 2010 | Item | ShareThis

Northern Gold Initiates NI 43-101 Report on the Garrcon Project - More
- July 29, 2010 | Item | ShareThis

Laurion Reports New High Grade Gold Intercept of 20.20 g/t over 0.36 meters on Marge Vein at Sturgeon River, Beardmore, ON - More
- July 29, 2010 | Item | ShareThis

Corex Gold Drills Best Hole to Date at Santana - More
- July 29, 2010 | Item | ShareThis

ATAC Resources Makes a New Gold Discovery on Its Rau Gold Project-Yukon - More
- July 29, 2010 | Item | ShareThis

Santa Fe Gold Ready to Ship Concentrate - More
- July 29, 2010 | Item | ShareThis

Great Western Minerals Group Provides Corporate Update - More
- July 29, 2010 | Item | ShareThis

Glen Eagle Resources Inc.: Corporate Update - More
- July 29, 2010 | Item | ShareThis

Aquila Announces Progress on Mineral Resource at Back Forty Project - More
- July 29, 2010 | Item | ShareThis

Thundermin and Cornerstone Intersect 2.3% Cu Over 18.0 m, Including 4.2% Cu Over 5.5 m, in Deepest Intersection to Date at Little Deer - More
- July 29, 2010 | Item | ShareThis

Gold Resource Corporation Declares Initial Special Cash Dividend - More
- July 29, 2010 | Item | ShareThis

Galway announces that Mike Sutton has joined its Board of Directors, and that it has awarded incentive stock options - More
- July 29, 2010 | Item | ShareThis

Timmins Gold Corp.: 11,319 Ounces of Gold Sold in Initial Quarter of Production - More
- July 29, 2010 | Item | ShareThis

CanAlaska Uranium Commences ZTEM Airborne Survey for West McArthur Project - More
- July 29, 2010 | Item | ShareThis

First Uranium Announces Production Results For First Quarter of Fiscal 2011 - More
- July 29, 2010 | Item | ShareThis

Centamin Egypt Limited Quarterly Report for the Quarter Ended 30 June 2010 - More
- July 29, 2010 | Item | ShareThis

Ventana Completes Acquisition of La Bodega and La Baja Properties - More
- July 29, 2010 | Item | ShareThis

Medusa Mining Limited: Quarterly Activities Report Period Ended 30 June 2010 - More
- July 29, 2010 | Item | ShareThis

Barrick, Eldorado profits shine on record gold price - "Barrick Gold (ABX.TO) said on Thursday its second-quarter profit rose 59 percent on record bullion prices, prompting the world's largest miner of the precious metal to raise its dividend by 20 percent.

Eldorado (ELD.TO), its smaller Canadian rival, said its quarterly profit more than doubled, driven by higher sales volumes as well as the record prices." More
- July 29, 2010 | Item | ShareThis

Barrick Reports Q2 2010 Financial and Operating Results - "Reported Q2 net income rose 59% to a record $783 million ($0.79 per share). Adjusted Q2 net income rose 76% to $759 million ($0.77 per share)(1) compared to $431 million ($0.49 per share) in Q2 2009. Operating cash flow rose 42% to $1.02 billion from $718 million in the prior year period and exceeded $2 billion in the first half of 2010." More
- July 29, 2010 | Item | ShareThis

Barrick Gold Announces 20% Dividend Increase - "Barrick Gold Corporation (NYSE:ABX - News)(TSX:ABX - News) today announced that its Board of Directors has authorized a quarterly dividend of US12 cents per share, which represents a 20% increase from the previous dividend(1)." More
- July 29, 2010 | Item | ShareThis

Silver Standard Resources Inc.: Brucejack Drilling Intersects More Bonanza-Grade Gold Mineralization - "Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) (the "Company") is pleased to report that diamond drilling at its wholly-owned Brucejack Project continues to encounter bonanza-grade gold and silver mineralization over a relatively broad area. (See the news release dated July 12, 2010, for a summary of the high-grade holes in 2009 and 2010.) The Brucejack Project is adjacent to the Company's wholly-owned Snowfield Project approximately 65 kilometers north of Stewart, British Columbia." More
- July 29, 2010 | Item | ShareThis

Eldorado Gold Corporation: Q2, 2010 Financial and Operating Results - "Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (TSX:ELD - News)(NYSE:EGO - News)(ASX:EAU - News) ("Eldorado" or the"Company") is pleased to report on the Company's financial and operational results for the second quarter ended June 30, 2010. Eldorado reported net income of $60.5 million or $0.11 per share for the period and the Company generated $92.3 million in cash from operating activities before changes in non-cash working capital." More
- July 29, 2010 | Item | ShareThis

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