Gold Seeker Closing Report: Gold Rises and Silver Surges 1.6%

	Close	Gain/Loss
Gold	$1364.40	+$4.60
Silver	$30.53	+$0.48
XAU	208.12	+2.15%
HUI	530.20	+1.29%
GDM	1566.03	+1.39%
JSE Gold	2637.15	-7.17
USD	78.60	+0.16
Euro	134.83	-0.64
Yen	120.08	+0.25
Oil	$84.81	-$0.77
10-Year	3.614%	-0.032
T-Bond	118.9375	+0.53125
Dow	12268.19	-0.04%
Nasdaq	2817.18	+0.28%
S&P	1322.32	+0.24%

Gold fell $4.15 to $1355.65 in London, but it then climbed to as high as $1366.74 by late morning in New York and closed with a gain of 0.34%. Silver fell $0.17 to $29.88 in Asia before it rose to as high as $30.715 in New York and then fell back off a bit in the last few hours of trade, but it still ended with a gain of 1.6%.

Euro gold climbed to almost €1012, platinum gained $16 to $1821.00, and copper gained over 9 cents to a new all-time high at about $4.62.

Gold and silver equities rose roughly 2% by midmorning and remained near that level for the rest of the day.

There were no major economic reports today, but President Obama revealed his budget. – “President Barack Obama proposed a budget on Monday that would cut the deficit by $1.1 trillion over the next 10 years, but Republicans said it did not curb spending deeply enough.”

Tomorrow brings Retail Sales, Empire Manufacturing, Export and Import Prices, Net Long-Term TIC Flows, and Business Inventories.

Oil fell as the U.S. dollar index found slight gains on euro weakness that stemmed from worries over another debt crisis in Europe.

Treasuries rose on debt worries that held the Dow, Nasdaq, and S&P near unchanged.

Among the big names making news in the market today were MGM, GE, Pandora, Boeing, Emergency Medical and Clayton Dubilier, and EchoStar and Hughes Communications.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 111.66 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,388.45 - No change from yesterday’s data.

Rubicon’s (RBY) upcoming amended technical report, Seabridge’s (SA) new Executive Vice President and Chief Operating Officer, Exeter’s (XRA) exercised option to acquire Caspiche, Minefinders’ (MFN) drill results, and Apogee’s (APE.V) appointment of Mr. Oscar Calero as the Vice President of Operations 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.

TintinaGold Resources Inc.: Options Granted to Directors, Officers, Employees and Consultants - More
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Earth Dragon Resources Readies for Multi Year Effort at Gold Projects in Africa - More
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Megastar Further Updates Shareholders Regarding Plan of Arrangement and Dividend Distribution - More
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Survey Ship Begins Work on Diamond Fields' Atlantis II JV Mining License - More
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Laurion Mineral Exploration Inc. Featured By CEO Clips Airing on BNN - More
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PBX Expands Copaquire Drill Program - More
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Lion One Reports 2011 Exploration Overview - More
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Typhoon Exploration Inc.: The Drilling Campaign on the Destorbelle Project Is on Schedule - More
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Alto Group Holdings Announces Approval Expected on Bogue River Gold Exploitation License - More
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Prominex Signs Letter of Agreement for a C$5,000,000.00 , Equity Funding Facility With Centurion Private Equity an Institutional Investor Managed by Roswell - More
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Bullion Monarch Posts Record Royalty Revenue - More
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Redstar Engages Beacon Rock Research for Independent Research Services - More
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Gold Finder Signs MOU with Holloman in Relation to 2 Gold Projects in Central Asia - More
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Orebodies to Acquire Up to a 100% Interest in Potential Large Tonnage Iron Project - More
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Globex's Getty Royalty Interest to Receive a Fresh Approach - More
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Uranium Resources, Inc. Reviews 2010 and Outlines Strategic Initiatives for 2011 - More
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Stellar Pacific Ventures Intersects 25 Meters of 2.55 g/t Gold at the Solotomo Discovery, Guinea West Africa - More
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Focus Metals: Resignation From a Director - More
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Galantas Uprates Processing Plant and Looks to Expand Exploration Program - More
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Threegold Resources JV's Duverny Project With Osisko Mining Corp. - More
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Millrock Announces Partner Elects to Proceed With First Option at Estelle Project, Alaska, and Approval of US$3.4 Million 2011 Program and Budget - More
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First Mexican Increases Land Package to 11,506 Hectares - More
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Arianne Resources Retains Javelin Partners as Corporate Development Advisors - More
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African Metals Assay Results from Stockpile Drilling Highlight Zones of Significant Copper and Cobalt Mineralization, Luisha South Project, Katanga Province - More
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Miranda Gold Announces Exploration Results from Pavo Real - More
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Galahad Metals Inc.: Down-Hole Geophysical Survey Enhances 3D Model & Provides Drill Targets at Regcourt Property - More
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Paladin Energy Ltd: Financial Report for the Six Months Ended 31 December 2010 - More
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Luiri Gold-Sale of Lachlan Star Shares, Subscription for New Shares by Carlton Resources Plc and Change in the Board of Directors - More
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Rare Element Reports Second Quarter Financial Results - More
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Geo Minerals-Positive Drilling Results at Red Hills, Success Continues on the Arizona Porphyry Projects - More
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New Deeper 3D IP Survey Commences at Corex's Santana Project - More
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Reg Technologies Inc. and Minewest Silver and Gold Announce Completion of the Silverknife 43-101 Technical Report - More
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Columbus Gold Completes Due-Diligence Regarding the Acquisition of 1.9 M Oz. Paul Isnard Gold Project - More
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Source Gold Begins 2011 Silver, Gold, and Copper Exploration Program - More
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Teryl Resources Announces Completion of Silverknife 43-101 Technical Report - More
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Soltoro Drilling Confirms Mineralization Extends to Surface in Main Zone of El Rayo Primary Silver Project in Mexico - More
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Brazil Gold Signs Letter of Intent on Northeast Brazilian Shield Project - More
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Uranium Energy Corp Advances Radioactive Material License, the Final State Authorization, for the Goliad Project - More
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Alto Group Holdings Announces Acquisition of Mineral Rights in the Horse Shoe Bar Gold Mine - More
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Seafield Drills 369 Metres Grading 1.0 g/t Gold at Miraflores, Quinchia Gold Project, Colombia - More
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Barkerville Extends New Discovery Zone on Barkerville Mountain to 125 Meters-Channels Hitting Up to 23.1m of 9.78 g/t Gold With Samples of Up to 268 g/t Gold - More
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Duncan Park Increases Size of Flow-Through Offering - More
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Khan Files First Quarter 2011 Financial Results - More
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Avalon Continues Under The Canada Business Corporations Act - More
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MacDonald Mines to Commence Drilling on the Butler and Semple-Hulbert Properties - More
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Melkior to Resume Drilling at Carscallen Gold Project in West Timmins - More
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Pan American Lithium Corp. Announces Entry Into Agreements to Acquire Additional Lithium Interests in Chile and Results From Sampling of Lithium Brines - More
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Lara Reports Platinum and Palladium Values From Its Conceicao Nickel Project in Northern Brazil - More
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Rockgate Definition Drilling Returns 0.22% U3O8, 1482.7 g/tonne Ag and 0.4% Cu Over 3 Metres at Falea Uranium/Silver/Copper Project, Mali, West Africa - More
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Ventana and AUX Reach Agreement on Increased Offer of $13.06 in Cash per Ventana Share - More
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Queenston Reports More Drill Results From Bidgood-Kirkland East Project Including 7.2 g/t Au Over 24.1 m and 2.5 g/t Au Over 29.6 m - More
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VMS Announces Closing of Private Placement - More
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Canaco Resolves Mineral Rights Dispute - More
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Calais Resources Announces Completion of Canadian NI 43-101 Technical Reports - More
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Earth Dragon Resources Reviews Balance of Nkwanta Gold Project, Ghana - More
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Orosur Mining Inc Announces Exploration Update - More
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Medusa Mining Limited: Investor Presentation February 2011 - More
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Argosy Minerals Limited: Capital Raising - More
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Cameco 4Q Results Beat Views On Higher Uranium Selling Price - More
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Higher prices, lower production costs help Cameco - More
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Amended NI 43-101 Technical Report for Rubicon's Phoenix Gold Project - "(RMX:TSX | RBY:NYSE-AMEX) (the "Company") announced today that, as a result of a review by the British Columbia Securities Commission of the Company's recently filed NI 43-101 technical report containing its Phoenix Gold Project mineral resource and geological potential estimates for the F2 Gold System, the Company expects to file an amended technical report for the Project. The Company will make a timely announcement if any material changes to the estimates result from an amended report." More
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Minefinders Reports Additional 2010 Drill Results From the Dolores Mine and La Virginia Project - "We are very pleased with the results of the 2010 drill program at the Dolores Mine and at La Virginia," commented Mark Bailey, President and Chief Executive Officer. "Drilling at Dolores continues to confirm potential to increase the size of the open pit, particularly to the south, and also significant underground mineralization. Step-out drilling at our recent La Virginia discovery continues to intersect high-grade gold and silver and we will work toward establishing an initial resource at La Virginia." More
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Seabridge Hires Executive Vice President and Chief Operating Officer - "Rudi Fronk, President and CEO of Seabridge Gold (TSX:SEA - News)(AMEX:SA - News), announced today that the Company has hired Jay S. Layman, 51, to the new position of Executive Vice President and Chief Operating Officer effective March 1, 2011." More
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Apogee Announces Appointment of Vice President of Operations and Calls for Tenders for Mining Contract at Pulacayo - "Apogee Minerals Limited ("Apogee" or "the Company") (TSX VENTURE:APE - News) is pleased to announce the appointment of Mr. Oscar Calero as the Vice President of Operations of the Company effective February 15th, 2011. Mr. Calero brings extensive engineering experience in both mine operations and development projects with over 20 years of practice in both Peru and Canada. Most recently, Mr. Calero was the Superintendent of Projects and Productivity at Volcan Compania Minera, a publicly traded Peruvian mining company that produces zinc, lead, silver, and copper from six underground mining operations. Previously, Mr. Calero held the position of Manager of Underground Mine Planning and Projects, Peru, for Hochschild Mining PLC, and Mine Operations Manager for Century Mining's Sigma-Lemaque Operation in Val d'Or Quebec. Mr. Calero holds a Bachelor's Degree in Mine Engineering from the National Engineering University of Peru, and a Masters Degree in Business Administration from the ESAN Graduate School of Business in Peru." More
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Exeter Exercises Option and Acquires Caspiche Gold-Copper Project in Chile From Anglo American - "Exeter Resource Corporation (AMEX:XRA, TSX:XRC, Frankfurt: EXB - "Exeter" or the "Company") is pleased to announce that it has exercised its option to acquire the mineral properties comprising the Caspiche gold-copper project in the Maricunga district, Chile from Anglo American ("Anglo"). Anglo will now transfer title to the mineral properties to Exeter and retain a 3% net smelter royalty on production from the project*. Exeter has made the first annual advance royalty payment of $250,000, payable for the next 10 years, or until commercial production, whichever is the sooner." More
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