Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 8% on the Week

	Close	Gain/Loss	On Week
Gold	$1503.60	+$5.10	+1.24%
Silver	$46.12	+$1.46	+8.47%
XAU	225.79	+1.35%	+3.24%
HUI	595.88	+1.00%	+2.00%
GDM	1738.84	+0.94%	+2.03%
JSE Gold	2823.37	-22.59	+0.44%
USD	74.08	-0.29	-1.04%
Euro	145.53	+0.33	+0.88%
Yen	122.27	+1.04	+1.54%
Oil	$112.29	+$0.84	+2.40%
10-Year	3.400%	UNCH	-0.29%
Bond	121.03125	+0.3125	+0.18%
Dow	12505.99	+0.42%	+1.33%
Nasdaq	2820.16	+0.63%	+2.01%
S&P	1337.38	+0.53%	+1.34%

Gold climbed to a new all-time high of $1509.01 in London before it fell back to $1500.20 at around 9AM EST, but it then rallied back higher into the close and ended with a gain of 0.34%. Silver surged to a new 31-year high of $46.34 in the last half hour of trade and ended with a gain of 3.27%.

Euro gold fell to about €1032, platinum gained $19 to $1810.50, and copper gained 6 cents to about $4.40.

Gold and silver equities rose about 1% in the first half hour of trade and remained near that level for the rest of the day.

Report	For	Reading	Expected	Previous
Initial Jobless Claims	4/16	403K	390K	416K
Philadelphia Fed	Apr	18.5	33.0	43.4
Leading Indicators	Mar	0.4%	0.2%	1.0%
FHFA Housing Price Index	Feb	-1.6%	-	-1.0%

Next week’s economic highlights include New Home Sales on Monday, the Case-Shiller 20-city Index and Consumer Confidence on Tuesday, Durable Goods Orders and a FOMC Rate Decision on Wednesday, GDP, Initial Jobless Claims, and Pending Home Sales on Thursday, and Personal Income and Spending, Core PCE Prices, the Employment Cost Index, Chicago PMI, and Michigan Sentiment on Friday.

Oil edged higher as the U.S. dollar index fell to its lowest since mid-2008.

“Treasuries pared gains after a record sale of $14 billion of five-year inflation-indexed securities drew a negative yield for a second straight offering.”

Among the big names making news in the market Friday were United Continental, GE, Morgan Stanley, Verizon, UnitedHealth, McDonald’s, Blackstone, Chrysler, Qualcomm, T. Rowe Price, Borders, Marriott, American Express, and Apple.

“Here is a 30 minute chart of Silver noting the current support and resistance levels at this time.

A push through the region near $46.25 should let it run towards $47. A breach of $45.50 would imply a drop towards $45.10.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/

COMEX Gold Trust (IAU) Total Tonnes in Trust: 134.02: +0.33 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 11,183.69: +66.77 change from yesterday’s data.

IAMGOLD’s (IAG) quarterly production, Banro’s (BAA) memorandum of understanding with China Gold International Resources Corporation Limited, Newmont’s (NEM) record operating cash flow, Gold Resource’s (GORO) anomalous regional hail and rain storm, and Silvermex’s (SLX.TO) production were among the big stories in the gold and silver mining industry making headlines Friday.

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

Minera Andes Announces Work Stoppage at the San Jose Mine - More
- April 21, 2011 | Item | ShareThis

Seafield Announces Listing of Warrants on the TSX Venture Exchange - More
- April 21, 2011 | Item | ShareThis

Gowest Completes Acquisition of Additional Mineral Rights Contiguous to the Frankfield Gold Project Near Timmins, Ontario - More
- April 21, 2011 | Item | ShareThis

Ressources Appalaches: Resignation of a Director - More
- April 21, 2011 | Item | ShareThis

Silvermex's First Quarter of Production at La Guitarra Ahead of Budget - "Silvermex Resources Inc. (TSX:SLX - News) ("Silvermex") reports that the Company's first quarter silver and gold production surpassed budgeted estimates." More
- April 21, 2011 | Item | ShareThis

Cadillac Succesfully Intersects Mineralization in Fifth Deep Hole - More
- April 21, 2011 | Item | ShareThis

Copper Canyon Mails Information Circular - More
- April 21, 2011 | Item | ShareThis

Harte Announces Significant Depth Extension of Sugar Zone Deposit and More High Grade Drill Results - More
- April 21, 2011 | Item | ShareThis

IAMGOLD Reports Strong Quarterly Gold Production - "Our mines have had an excellent start in 2011. The performance of assets where we are the principal owner and operator has been impressive this quarter, specifically our largest assets, the Rosebel mine in Suriname and the Essakane mine in Burkina Faso." More
- April 21, 2011 | Item | ShareThis

Golden Dawn Schedules Resource Calculation Following Intersection of 138.0 M Grading 0.36 G/T Gold That Extends Bulk-Tonnage Target, Deadwood Gold Zone - More
- April 21, 2011 | Item | ShareThis

Golden Share Closes $3,400,000 Financing With Dundee and Libra Funds as Part of On-Going Transaction With Lake Shore Gold Corp. - More
- April 21, 2011 | Item | ShareThis

Tyhee Drills 5.6 Metres of 2.89 Grams of Gold Per Tonne at its Wholly-Owned Yellowknife Gold Project, Nwt Canada. - More
- April 21, 2011 | Item | ShareThis

Quest Board Approves Funding for Pre-Feasibility Study, Strange Lake B-Zone Deposit, Quebec - More
- April 21, 2011 | Item | ShareThis

Guyana Frontier Exercises Option to Acquire Five Star - Case Property - More
- April 21, 2011 | Item | ShareThis

First Quantum Minerals Files Annual Disclosure Documents - More
- April 21, 2011 | Item | ShareThis

Quia Resources Contracts Two Drill Rigs at San Lucas, Plans Initial Drill Campaign for Early May - More
- April 21, 2011 | Item | ShareThis

Golden Tag Completes $2.75 Million Financing Including Investments from Sprott Asset Management LP and Pinetree Capital Ltd. - More
- April 21, 2011 | Item | ShareThis

Lithium Exploration Group Retains Blake, Cassels & Graydon LLP as Canadian Corporate Counsel - More
- April 21, 2011 | Item | ShareThis

Creso Drills 10.6 g/t Au Over 4 Meters and Extends Historic Gold Zone to 470 Meters Below the Tyranite Mine Shaft Collar - More
- April 21, 2011 | Item | ShareThis

Uranium North Acquires Data to Rapidly Advance the Nowyak Gold/Silver Project - More
- April 21, 2011 | Item | ShareThis

Sparton Announces Debt Reduction and Restructuring - More
- April 21, 2011 | Item | ShareThis

EurOmax Adds to Technical Advisory Board and Issues Stock Options to Consultants - More
- April 21, 2011 | Item | ShareThis

Telferscot Resources Commences Trading on CNSX - More
- April 21, 2011 | Item | ShareThis

Golden Predator Increases Land Position in the Yukon's Selwyn Basin to 7,800 Quartz Claims - More
- April 21, 2011 | Item | ShareThis

AM Gold Inc: Clarification and Retraction of Previously Issued Technical Disclosure - More
- April 21, 2011 | Item | ShareThis

Compass Gold Exploration Update - More
- April 21, 2011 | Item | ShareThis

Great Western Minerals Group Targets Earlier Dates and Increased Output at Steenkampskraal Rare Earth Project - More
- April 21, 2011 | Item | ShareThis

Fancamp Drilling at McFaulds Lake Property, Ring of Fire, Northern Ontario-Update - More
- April 21, 2011 | Item | ShareThis

U.S. Natural Nutrients and Minerals, Inc. Announces FINRA Confirmation of Name Change and 3 for 1 Stock Split Effective May 2, 2011 - More
- April 21, 2011 | Item | ShareThis

Trueclaim Exploration Inc. Earns Working Interest in Scadding Project - More
- April 21, 2011 | Item | ShareThis

Red Ore Gold Inc. Signs LOI on Ryepatch, Nevada Gold-Silver Property - More
- April 21, 2011 | Item | ShareThis

MDN Announces First Quarter Production of 19,606 Ounces of Gold at Tulawaka - More
- April 21, 2011 | Item | ShareThis

Galantas Reports Results for Kerr Vein Channel Samples: Average Gold Grade of 10.39 g/t Over 0.46 Metres Width Including 34.59 g/t Over 0.7 Metres and 37.85 g/t - More
- April 21, 2011 | Item | ShareThis

Inspiration Announces Retirement of Chief Financial Officer James Davis and Appoints Peter Anderson as Successor - More
- April 21, 2011 | Item | ShareThis

Teslin River Resources Receives Conditional Exchange Approval for Queensgate Resources Acquisition - More
- April 21, 2011 | Item | ShareThis

Montana Gold Files NI 43-101 Technical Report On The Silver Bell-St. Lawrence Property, Montana - More
- April 21, 2011 | Item | ShareThis

Merrex Gold Diamond Drill Program Siribaya Gold Project - More
- April 21, 2011 | Item | ShareThis

China Gold International Enters Into Memorandum of Understanding With Banro Corporation to Develop Gold Business - More
- April 21, 2011 | Item | ShareThis

Prophecy Submits Formal Request to Mongolian Government to Build Chandgana Power Plant - More
- April 21, 2011 | Item | ShareThis

Antioquia Gold Extends Warrants Due to Expire April 22, 2011 - More
- April 21, 2011 | Item | ShareThis

Silver Dragon Resources Inc. Closes $3 Million Financing Agreement - More
- April 21, 2011 | Item | ShareThis

Hunter Bay Minerals Completes Private Placement of $4.47 Million - More
- April 21, 2011 | Item | ShareThis

Bellhaven's First Drill Hole at the Caracucho Prospect, Pitaloza, Panama, Delivers 1.32 g/t Gold Over 18.29 Meters - More
- April 21, 2011 | Item | ShareThis

Pilot Gold Commences 2011 Drill Program at Regent Project, Nevada - More
- April 21, 2011 | Item | ShareThis

Golden Reign Resources Ltd.: Second Drill Contracted, San Albino Mine Re-Opened - More
- April 21, 2011 | Item | ShareThis

Goldrush Announces Private Placement to Raise Up to $2,000,000 - More
- April 21, 2011 | Item | ShareThis

Willow Creek Completes Acquisition of New Mining Claims in Nevada - More
- April 21, 2011 | Item | ShareThis

African Queen Granted Permits for 2011 Work Program at Noyem-Nyafoman Gold Project in Ghana - More
- April 21, 2011 | Item | ShareThis

Kalimantan Gold New CEO - More
- April 21, 2011 | Item | ShareThis

Banro Signs Memorandum of Understanding with China Gold International - "Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce that it has signed a non-binding memorandum of understanding (the "MOU") with China Gold International Resources Corporation Limited ("China Gold International") to negotiate a proposed joint venture transaction. The MOU provides that the parties intend to cooperate on the development of Banro's Twangiza property, including the proposed Phase 2 mine and the related proposed hydro power project. The MOU also provides that the parties intend to extend the cooperation to Banro's other properties located along the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC")." More
- April 21, 2011 | Item | ShareThis

Newmont Announces Record Quarterly Operating Cash Flow of $989 Million - "Newmont Mining Corporation (NYSE:NEM - News) ("Newmont" or the "Company") today announced record operating cash flow of $989 million for the first quarter of 2011, compared to $728 million in the first quarter of 2010, an increase of 36%. Revenue rose to $2.5 billion, up 10% from a year ago. First quarter 2011 adjusted net income(1) was $513 million ($1.04 per share), compared to $408 million ($0.83 per share)(2) in the first quarter of 2010." More
- April 21, 2011 | Item | ShareThis

Anomalous Storm Impacts Gold Resource Corporation's Aguila Project; Gold Production Expected to Remain Unaffected - "Gold Resource Corporation's (GORO) (NYSE Amex: GORO) El Aguila Project experienced an anomalous regional hail and rain storm which ended in the early morning hours of Wednesday, April 20th. The storm is estimated to have produced over 10 inches of rain within three hours, causing regional and mine power outages, flooding and some equipment damage at the Company's underground Arista mine. The Company is pleased to report no serious injuries to its personnel were sustained, and mill production is expected to be unaffected by the incident. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico." More
- April 21, 2011 | Item | ShareThis

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