Gold Seeker Closing Report: Gold and Silver Fall Over $25 and $3

	Close	Gain/Loss
Gold	$1514.40	-$25.60
Silver	$39.46	-$3.01
XAU	208.75	-0.62%
HUI	554.45	+0.06%
GDM	1618.17	+0.25%
JSE Gold	2606.15	-70.37
USD	73.11	UNCH
Euro	148.29	+0.01
Yen	124.06	+0.53
Oil	$109.24	-$1.81
10-Year	3.223%	-0.032
T-Bond	123.53125	+0.4375
Dow	12723.58	-0.66%
Nasdaq	2828.23	-0.47%
S&P	1347.32	-0.69%

Gold fell $10.50 to $1529.50 in London before it rebounded and saw a slight gain at $1543.09 at about 8:30AM EST, but it then fell to a new session low of $1506.05 by early afternoon in New York and ended with a loss of 1.66%. Silver fell to as low as $38.962 by early afternoon in New York and ended with a loss of 7.09%.

Euro gold fell to about €1019, platinum lost $16.50 to $1823.50, and copper fell 12 cents to about $4.12.

Gold and silver equities fell roughly 2% by early afternoon, but they then rallied back higher for most of the rest of trade and ended near unchanged.

Report	For	Reading	Expected	Previous
ADP Employment	April	179K	200K	207K
ISM Services	April	52.8	57.4	57.3

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 4/30 expected at 400,000, first quarter Productivity expected at 1.0%, and Unit Labor Costs expected at 0.8%.

Oil fell after the Energy Information Administration reported that crude inventories rose 3.4 million barrels, gasoline inventories fell 1.0 million barrels, and distillates fell 1.0 million barrels.

“The dollar fell to a fresh three-year low on Wednesday and the euro briefly rose above $1.49 as weaker-than-expected U.S. employment data convinced investors that U.S. interest rates would remain low this year.”

Treasuries rose as the Dow, Nasdaq, and S&P fell on worse than expected economic data.

Among the big names making news in the market today were ConAgra, AOL, Glencore, GM, and Applied Materials.

“Depending on how this thing closes this afternoon, it might be sold out. Need to watch and see. A positive close would be friendly and would probably cement a bottom in the shares at least.”- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/

	Product name	Total Tonnes	Total Ounces	Total Value
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)	SPDR® Gold Shares	1224.488	39,368,523	US$60,643m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)	Gold Bullion Securities	115.35	3,708,632	US$5,621m
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam	ETFS Physical Gold	115.36	3,708,882	US$5,622m
Australian Stock Exchange (ASX)	Gold Bullion Securities	14.21	474,328	US$693m
Johannesburg Securities Exchange (JSE)	New Gold Debentures	49.59	1,594,257	US$2,456m
NASDAQ Dubai	Dubai Gold Securities	0.154	4,957	US$8m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.155 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 136.63: +2.02 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,909.06 -104.69 change from yesterday’s data.

Claude’s (CGR) completed financing, IAMGOLD’s (IAG) technical report, Kirkland’s (KGI.TO) drill result, Revett’s (RVM.TO) approved Amex listing, Golden Minerals’ (AUMN) first quarter results, and Extorre’s (XG) 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.

Merrex Zone Bambadinka Update - More
- May 04, 2011 | Item | ShareThis

AM Gold Announces Changes to the Board of Directors - More
- May 04, 2011 | Item | ShareThis

Concordia Resource Corp.Exercises Warrants, Acquires 3,000,000 Shares of Western Lithium USA Corp. - More
- May 04, 2011 | Item | ShareThis

Queenston Announces Initial NI 43-101 Mineral Resource at Upper Canada - More
- May 04, 2011 | Item | ShareThis

Caribou Retains Market Making Services of Venture Liquidity Providers/Announces New CFO - More
- May 04, 2011 | Item | ShareThis

Forum Closes $5.7 Million Brokered Private Placement - More
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Simba Gold Appoints Peter Miles as President and CEO; Allan Armitage as Director - More
- May 04, 2011 | Item | ShareThis

ICN Updates Goldfield Bonanza Project - More
- May 04, 2011 | Item | ShareThis

Bralorne Starts 2011 Exploration Program - More
- May 04, 2011 | Item | ShareThis

Killdeer Announces Results From Drill Program on Gold Belt Property - More
- May 04, 2011 | Item | ShareThis

Starcore International Mines Ltd.: SAM Vein Extended for 180 Meters of Strike Length - More
- May 04, 2011 | Item | ShareThis

Trueclaim Exploration Inc. Increases Non-Brokered Private Placement to Raise up to $880,000 - More
- May 04, 2011 | Item | ShareThis

First Point Minerals Confirms First Year Exercise of Warrants by Cliffs and 20 Other Shareholders - More
- May 04, 2011 | Item | ShareThis

Cadillac Provides Balance of Eastern Assay Results - More
- May 04, 2011 | Item | ShareThis

i-minerals Enters Into Agreement to Acquire Additional State of Idaho Mineral Leases - More
- May 04, 2011 | Item | ShareThis

Update to Takeover Offer by Denison Mines for White Canyon Uranium - More
- May 04, 2011 | Item | ShareThis

Cassius Ventures Enters Into Share Exchange Agreement to Acquire Nicaraguan Gold Properties and Announces Non-Brokered Financing - More
- May 04, 2011 | Item | ShareThis

Mill City Announces 2011 Exploration Plans at the Mount Hinton Property - More
- May 04, 2011 | Item | ShareThis

Mesa Exploration Files NI 43-101 Report on Utah Potash Projects, Indicates Presence of a Large Tonnage of Potash at White Cloud - More
- May 04, 2011 | Item | ShareThis

Robex Announces a Non-Brokered Private Placement for Up to $2,000,000 - More
- May 04, 2011 | Item | ShareThis

B2Gold Corp. Reports First Quarter 2011 Gold Production, Provides Exploration Update and an Update on Release of Financial Results - More
- May 04, 2011 | Item | ShareThis

Augen Gold Maps Newly Recognized Auriferous Trend Near Historical Jerome Mine - More
- May 04, 2011 | Item | ShareThis

Gold Port Resources: Drilling to Begin at Groete Creek Gold Project - More
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Caerus Resource Corporation: El Cafetal Parte Alto Adit Returns 24 Meters of 8.16 gpt Au - More
- May 04, 2011 | Item | ShareThis

Denison Mines Corp. First Quarter 2011 Results Conference Call Thursday, May 12, 2011 - More
- May 04, 2011 | Item | ShareThis

Niocan Enters into Binding Letter of Intent with Forbes & Manhattan - More
- May 04, 2011 | Item | ShareThis

Uranium North Stakes Additional Land at Mallery Gold / Silver Project and Prepares for Drilling - More
- May 04, 2011 | Item | ShareThis

Everett Resources Anounces It Has Received the VTEM Survey Report on the Menarik Property, Quebec - More
- May 04, 2011 | Item | ShareThis

Mexivada Mining Corp. Announces New Whitehorse Gold Discovery at Ziggurat Property, Nevada - More
- May 04, 2011 | Item | ShareThis

Manager of Exploration Joins Choice Gold Corp. Team - More
- May 04, 2011 | Item | ShareThis

Frontier to Present at Dahlman Rose Rare Earth Executive Forum - More
- May 04, 2011 | Item | ShareThis

BacTech Commences Drilling Program on Snow Lake Arsenopyrite Stockpile - More
- May 04, 2011 | Item | ShareThis

Edgewater Intersects 1.58 g/t Gold Over 24m and 1.41 g/t Gold Over 34m on the Company's Enchi Gold Project in Ghana - More
- May 04, 2011 | Item | ShareThis

Williams Creek Explorations Limited Commences Exploration Program on Its Barkerville and Pine Properties - More
- May 04, 2011 | Item | ShareThis

ValGold Completes Non-Brokered Private Placement Financing - More
- May 04, 2011 | Item | ShareThis

Claude Resources Inc. Completes $57.5 Million Bought Deal Equity Financing - "Claude Resources Inc. (TSX:CRJ.to - News) (NYSE Amex: CGR) - Claude Resources Inc. ("Claude" or the "Company") is pleased to announce that it has completed the short form prospectus offering (the "Offering") previously announced on April 6, 2011." More
- May 04, 2011 | Item | ShareThis

Minera Andes Announces Work Resumption at San Jose Mine - More
- May 04, 2011 | Item | ShareThis

Confederation Minerals Ltd. and Redstar Gold Corp. Announce Acquisition of Additional Lands Adjacent to the Newman Todd Gold Project, Red Lake, Ontario - More
- May 04, 2011 | Item | ShareThis

First Liberty Power Requests Estimate for Drill Program of Nevada Lithium Claims - More
- May 04, 2011 | Item | ShareThis

Molycorp Declares Preferred Dividends - More
- May 04, 2011 | Item | ShareThis

Wealth Minerals Intersects Potentially Large, Bulk Tonnage, Uranium System at Bororo Nuevo Project in San Jorge Basin, Argentina - More
- May 04, 2011 | Item | ShareThis

Dorato Resources Inc.: Drilling Underway at Cobrecon Copper-Gold Porphyry Target - More
- May 04, 2011 | Item | ShareThis

Laurion Files the NI 43-101 Technical Report for Its 100% Owned Bell Mountain Project - More
- May 04, 2011 | Item | ShareThis

AmeriLithium Provides Update on First Phase Exploration Drilling Results on Nevada Based Lithium Project - More
- May 04, 2011 | Item | ShareThis

Galore Resources Inc.: Gold Mineralization at El Alamo Extended-Trenching Intersects 5.1 Grams of Gold Over 8 Metres - More
- May 04, 2011 | Item | ShareThis

TintinaGold Receives Additional Drill Assays Confirming Continuity at Its Sheep Creek Copper-Cobalt-Silver Project, Montana, USA - More
- May 04, 2011 | Item | ShareThis

Megastar to Begin Trading on Post-Consolidated Basis - More
- May 04, 2011 | Item | ShareThis

El Tigre Drill Hole ET-27 Intercepts 2.8 Metres of 242 g/T Silver and 3.17 g/T Gold Including 0.7 Metres of 919 g/T Silver and 0.7 Metres 8.01 g/T Gold - More
- May 04, 2011 | Item | ShareThis

La Quinta Resources Announces Drill Program on its Easter Project - More
- May 04, 2011 | Item | ShareThis

Lions Gate Metals Drills 184m of 0.32% Copper and 6.49 g/t Silver to Expand Mineralized Zone at Poplar Project, BC - More
- May 04, 2011 | Item | ShareThis

Highbank Seeking Costs After Favourable Appeal Court Ruling - More
- May 04, 2011 | Item | ShareThis

Zone Resources Inc. Announces Historical Drilling Results from the Moore-Ross Iron Property, Labrador Trough, Quebec - More
- May 04, 2011 | Item | ShareThis

Caza Gold Begins Drilling Program at the Santiago Gold Project, Chihuahua, Mexico - More
- May 04, 2011 | Item | ShareThis

Amador to follow up on SILVER CLAIM Drill Intercept of 221 g/t Silver over 7.70m - More
- May 04, 2011 | Item | ShareThis

Talison Lithium More Than Doubles Mineral Reserves and Significantly Increases Mine Life - More
- May 04, 2011 | Item | ShareThis

Drilling to Commence at the Red Hills Copper-Molybdenum Project - More
- May 04, 2011 | Item | ShareThis

NioGold Discovers Two Important Mineralised Structures in the Malartic Camp - More
- May 04, 2011 | Item | ShareThis

Yankee Hat Minerals Sets Plan for 2011 Summer Work on Bullion Alley - More
- May 04, 2011 | Item | ShareThis

Prophecy and Pacific Coast Nickel Announce Respective Shareholder Meeting Date of May 31, 2011 to Approve Spin Off Transaction - More
- May 04, 2011 | Item | ShareThis

Sutter Gold Announces Positive Preliminary Economic Assessment for the Lincoln Mine Gold Project - More
- May 04, 2011 | Item | ShareThis

Cayden Drills 15.3 Meters of 7.3 g/t Au at the Morelos Sur Gold Project - More
- May 04, 2011 | Item | ShareThis

Eagle Hill Intersects 8.97 g/t Gold Over 8.0 Meters at the Windfall Lake Property and Expands the Caribou Zone - More
- May 04, 2011 | Item | ShareThis

Adventure Gold Annonces that Agnico-Eagle has Started a 4,000 Metres Drilling Program on Dubuisson Property - More
- May 04, 2011 | Item | ShareThis

Lithium Americas Files NI 43-101 Preliminary Economic Assessment Technical Report and Provides Key Milestones to Definitive Feasibility - More
- May 04, 2011 | Item | ShareThis

Revett Minerals Approved for NYSE Amex Listing - "Revett Minerals Inc. (TSX:RVM - News) (OTC.BB:RVMID - News) ("Revett" or the "Company") has been authorized to list its common shares on the NYSE Amex. The Company expects the shares to begin trading on the NYSE Amex on Monday May 9th, 2011, under the trading symbol "RVM". The Company will retain its current listing on the Toronto Stock Exchange under the trading symbol RVM:TSX." More
- May 04, 2011 | Item | ShareThis

Frontline Gold Announces Private Placement - More
- May 04, 2011 | Item | ShareThis

Hondo Minerals Discovers Surface Vein Running Through its Tennessee and Schuylkill Properties - More
- May 04, 2011 | Item | ShareThis

Independent Technical Report Confirms IAMGOLD's Niobium Mine Potential with a 691% Increase in M&I Resources and a Net Asset Value for Niobec of Up to $2.0 B - "IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD) today announced the results of an independently prepared NI 43-101 compliant preliminary economic assessment ("PEA") on the Company's wholly-owned Niobec niobium mine in the province of Quebec, Canada. The PEA shows a significant increase in the measured, indicated and inferred mineral resource estimates at Niobec with the potential for a significant production expansion. The PEA examined the impact of changing the existing underground mine to an alternative bulk mining method. IAMGOLD technical personnel then compared the economics of the open pit scenario and a block caving scenario (the "Study'). The work done on the PEA and the Study will be advanced in a 2011 pre-feasibility study to confirm the potential upside of Niobec." More
- May 04, 2011 | Item | ShareThis

Kirrin Provides Update From AGM: REE and Uranium Programs Underway; Management to Focus on Acquisitions and Corporate Development - More
- May 04, 2011 | Item | ShareThis

Balmoral Reports Multiple High-Grade Gold Intercepts from Confirmation/Expansion Drilling at Fenelon, Quebec - More
- May 04, 2011 | Item | ShareThis

Creston Intersects 125 Metres Averaging 0.072% Molybdenum; Additional Drilling to Commence - More
- May 04, 2011 | Item | ShareThis

Lithium Exploration Group Announces Exclusivity Agreement with Technology Provider - More
- May 04, 2011 | Item | ShareThis

Arcus Development Group Inc.: Dawson Gold Airborne Survey Completed - More
- May 04, 2011 | Item | ShareThis

Halo Earns 60% Interest From Goldcorp at West Red Lake - More
- May 04, 2011 | Item | ShareThis

Mineral Mountain Intersects 62.5 Metres Assaying 1.45 g/t Gold; Cook Zone Improving With Depth - More
- May 04, 2011 | Item | ShareThis

Drilling Intersects Near Surface Gold Mineralization 700m Northeast Along Strike from Leprechaun Deposit in Central Newfoundland - More
- May 04, 2011 | Item | ShareThis

Continental Gold Drills 10.23m @ 44.76 g/t Au, 5.10m @ 84.92 g/t Au, and 6.1m @ 48.87 g/t Au and Expands the Vertical Extent of High Grade Intersections - More
- May 04, 2011 | Item | ShareThis

Evolving Gold Corp. Joins OTCQX - More
- May 04, 2011 | Item | ShareThis

Golden Minerals Reports First Quarter 2011 - "For the first quarter 2011, Golden Minerals recorded a net loss of $15.9 million, which included $8.7 million of expense related to the El Quevar project, $3.7 million of exploration expense and $2.2 million of administrative expense." More
- May 04, 2011 | Item | ShareThis

Extorre Gold Mines Limited: High Gold-Silver Grades Continue for Zoe Discovery at Cerro Moro - "Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce additional high grade to bonanza grade gold-silver results from the next 10 of 27 diamond drill holes completed to date on the new Zoe discovery at Cerro Moro, Santa Cruz Province, Argentina." More
- May 04, 2011 | Item | ShareThis

Queenston Reports 105% Increase in NI 43-101 Mineral Resources at Upper Beaver-Accelerating Exploration Shaft Study - More
- May 04, 2011 | Item | ShareThis

Spartan Gold Announces New Whitehorse Discovery at Ziggurat Property - More
- May 04, 2011 | Item | ShareThis

Guerrero Announces $2,000,000 Unit Private Placement - More
- May 04, 2011 | Item | ShareThis

Record Drill Hole Intersection at Kirkland Lake; Drill Hole 53-1685 Assays 8.16 Ounces of Gold Per Ton Over 46.7 Feet True Width - "Kirkland Lake Gold Inc. (TSX:KGI - News)(AIM: KGI), an operating and exploration gold company, is pleased to announce a record drill hole intersection from one of the underground exploration programs on the Company's 100% owned Macassa property. This particular drill hole, which was targeting the east `08 Break Zone from the 5300 foot level of the Macassa Mine, intersected the New South Zone within a previously defined resource area of the South Mine Complex (SMC)." More
- May 04, 2011 | Item | ShareThis

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