Gold Seeker Closing Report: Gold and Silver Gain About 1% and 5%

	Close	Gain/Loss
Gold	$1495.30	+$15.30
Silver	$35.20	+$1.66
XAU	198.63	+1.14%
HUI	526.57	+0.60%
GDM	1536.20	+0.75%
JSE Gold	2543.24	-31.22
USD	75.41	+0.01
Euro	142.44	+0.08
Yen	122.42	-0.40
Oil	$100.10	+$3.19
10-Year	3.171%	+0.050
T-Bond	124.71875	-0.71875
Dow	12560.18	+0.65%
Nasdaq	2815.00	+1.14%
S&P	1340.68	+0.88%

Gold climbed higher throughout most of world trade and ended near its late session high of $1499.75 with a gain of 1.03%. Silver surged to as high as $35.515 and ended with a gain of 4.95%.

Euro gold rose to about €1049, platinum gained $5.30 to $1766.50, and copper climbed 10 cents to about $4.10.

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.

“Federal Reserve officials are divided about the timing of when to start to tighten monetary policy, with some officials saying that an exit might come sooner than expected while others were concerned early rate hikes would unnecessarily damp the recovery, according to the minutes of the Fed's April 26-27 meeting released on Wednesday. Some Fed officials told their colleagues that they would only support a third round of asset purchases, known as QE3, if there was a significant change in the economic outlook. The minutes reveal that Fed officials spent a lot of time discussing how to exit from an ultra-low stance with rates stuck between 0% and 0.25% and the Fed's having more than $2.7 trillion in assets on the books. Fed officials said the discussion was not a sign that an exit would necessarily begin soon. While there were no decisions taken, most of the FOMC members wanted to shrink the balance sheet though predictable sales of assets.”

Tomorrow at 8:30AM EST brings Initial Jobless Claims for 5/14 expected at 420,000 and at 10AM is the Philadelphia Fed for May expected at 18.0, Existing Home Sales for April expected at 5.23 million, and Leading Economic Indicators for April expected at 0.0%.

Oil extended higher to above $100 after the Energy Information Administration reported that crude inventories were unchanged, gasoline inventories rose 100,000 barrels, and distillates fell 1.2 million barrels.

The U.S. dollar index ended near unchanged as traders digested fed minutes and developments in Europe.

Among the big names making news in the market today were Staples, Deere, Dell, Citigroup, Delphi Automotive, and Target.

From outside of North America looking back, the opinion in the Eastern world is that in the last month North America confiscated its citizen's retirement funds and invaded a country.

The view from this bridge does not enjoinder confidence in the US dollar. It sees gold as a preferential storehouse of value rather than a currency of a spend thrift brute.

The view from this bridge sees traffic crossing it no longer from east to west, but now financially from west to east.

The safest place to be during hyperinflation is not in the midst of brutes, but amongst kind people.

In my opinion, the safest place to be is in Tanzania working, producing, giving employment and respect to the locals, working with the people for mutual best interests.

Times have changed. Change with them and prosper. If you choose to fight the change you will financially perish.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 136.00 - No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,487.38: +4.55 change from yesterday’s data.

Midway’s (MDW) first quarter results, Solitario’s (XPL) joint venture, Nevsun’s (NSU) dividend, United Mining’s (UMG.TO) term sheet with Sprott Resource Lending Partnership, Sabina’s (SBB.V) drill results, and Silver Bull’s (SVBL) term sheet with Coeur (CDE) 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.

Colossus Minerals Appoints David Anthony to the Board of Directors - More
- May 18, 2011 | Item | ShareThis

Oroco Secures Surface Rights for Cerro Prieto Project - More
- May 18, 2011 | Item | ShareThis

Red Metal Resources JV Partner Revonergy Provides Update on Perth Gold Project - More
- May 18, 2011 | Item | ShareThis

AM Gold Announces Corporate Update - More
- May 18, 2011 | Item | ShareThis

Cogitore Reports Second Copper Enriched Lens Discovered at the Scott Lake Project - More
- May 18, 2011 | Item | ShareThis

El Tigre Begins Exploration in the Brown's Shaft Area of the El Tigre Vein at Its Sonora, Mexico Property - More
- May 18, 2011 | Item | ShareThis

Quia Resources Announces Drill Mobilization - More
- May 18, 2011 | Item | ShareThis

Trevali Signs Option to Acquire Huampar Silver-Gold Mine, Peru - More
- May 18, 2011 | Item | ShareThis

Foundation Resources Inc.: Drilling Continues to Hit Gold at the East Coldstream Deposit, Ontario - More
- May 18, 2011 | Item | ShareThis

Prodigy Reports New Assays and Drill Results: 207.4m Grading 1.24 gpt Gold at Magino - More
- May 18, 2011 | Item | ShareThis

Critical Elements Corporation : Final Assays from Croinor Phase 1 Drilling Confirm Widespread Reserve Block Extensions - More
- May 18, 2011 | Item | ShareThis

Oro Mining Drills 54 Metres of 2.24 g/t Gold, Including 21 Metres of 5.0 g/t Gold, at Taunus Project, Mexico - More
- May 18, 2011 | Item | ShareThis

Yukon Gold Corporation, Inc. Re-domiciliation and Merger - More
- May 18, 2011 | Item | ShareThis

Crazy Horse Receives Government Endorsement to Develop Taysan - More
- May 18, 2011 | Item | ShareThis

Dia Bras Advances Development at El Gallo and La Narizona Copper-Zinc-Silver Deposits to Feed Its New Mill and Leads to New Discoveries, Bolivar Property - More
- May 18, 2011 | Item | ShareThis

Brazil Gold Enters Into Binding Letter of Intent to Acquire Iluminadora Property - More
- May 18, 2011 | Item | ShareThis

Soho Resources Corp. Shares Commence Trading on the U.S. OTCQX - More
- May 18, 2011 | Item | ShareThis

La Mancha's Net Earnings Double on Record Cash Flow From Operating Activities - More
- May 18, 2011 | Item | ShareThis

Diamonds North Acquires Permits with Grab Samples as High as 43.9 g/T Gold - More
- May 18, 2011 | Item | ShareThis

Calvista Gold Corporation Commences Phase I Drilling on Its Northern Licenses - More
- May 18, 2011 | Item | ShareThis

Merrex Provides Siribaya Gold Project Exploration Update - More
- May 18, 2011 | Item | ShareThis

Goldex Resources Announces Sample Assay Results from the El Cerrito West Sector of Its El Pato Project in Guatemala - More
- May 18, 2011 | Item | ShareThis

Gold Reach Resources Ltd. Receives British Columbia Exploration Permits - More
- May 18, 2011 | Item | ShareThis

Golden Share Stakes an Additional 7 km West Along Pistol Lake-Band Ore Trend of Shebandowan Project, Ontario - More
- May 18, 2011 | Item | ShareThis

Castle Peak Granted Netas Assignment from Ghana Ministry; Adds Enyinase Concession to Overall Land Package - More
- May 18, 2011 | Item | ShareThis

Treasury Metals Reports High-Grade Results from Developing Gold Zone at the Goliath Gold Project - More
- May 18, 2011 | Item | ShareThis

Rockhaven Resources Ltd. Announces 2011 Exploration Commences at Klaza Gold Silver Project, Yukon - More
- May 18, 2011 | Item | ShareThis

Force Energy Corp. Extends Zoro 1 Lithium Property Option - More
- May 18, 2011 | Item | ShareThis

RX Exploration Resumes Test Milling of Drumlummon Mine’s Charly & Empire Veins - More
- May 18, 2011 | Item | ShareThis

Wolverine Plans Joint Airborne Geophysical Survey With Rockhaven - More
- May 18, 2011 | Item | ShareThis

Empire Mining Corporation: Continuity of Significant Shallow Copper-Gold Skarn Mineralization Confirmed in Review of Drill Core and Additional Assays - More
- May 18, 2011 | Item | ShareThis

Midland Exploration Receives $1.3 Million From Warrants Exercised - More
- May 18, 2011 | Item | ShareThis

North Country Gold Corp.: Exploration Ramp Up at Three Bluffs Gold Project - More
- May 18, 2011 | Item | ShareThis

Goldgroup Hires General Manager for Caballo Blanco and Other Key Personnel - More
- May 18, 2011 | Item | ShareThis

China Ministry of Land and Natural Resources Reduces 2011 Fluorite Ore Production Quota to 10 Million Tons - More
- May 18, 2011 | Item | ShareThis

Further Positive Drilling Results Announced on Finnish Asset Under Letter of Intent - More
- May 18, 2011 | Item | ShareThis

Stephen V. Goss Becomes VP Corporate Development of Lithium Corporation - More
- May 18, 2011 | Item | ShareThis

Rockland Commences Drill Program at Retty Lake Cu-Ni-PGE, Quebec - More
- May 18, 2011 | Item | ShareThis

Goldstone Files NI 43-101 Technical Report for Hardrock Project - More
- May 18, 2011 | Item | ShareThis

Minemakers Limited: Media Speculation Regarding an Indian MOU for Wonarah - More
- May 18, 2011 | Item | ShareThis

Continental Announces Appointment of David Massola as President and Chief Executive Officer - More
- May 18, 2011 | Item | ShareThis

Golden Hope Announces Drill Results From the Winter Drill Campaign Including 1.40 g/t Au over 25m and 1.14 g/t Au over 22m. - More
- May 18, 2011 | Item | ShareThis

Qiao Xing Universal Resources, Inc. Reports 2010 Unaudited Financial Results of its Mining Business - More
- May 18, 2011 | Item | ShareThis

Alto Ventures Ltd.: Drilling Continues to Hit Gold at the East Coldstream Deposit, Ontario - More
- May 18, 2011 | Item | ShareThis

Virginia Mines Inc.: Update on Winter 2011 Drilling Programs in James Bay - More
- May 18, 2011 | Item | ShareThis

Intrepid Mines Limited: Annual General Meeting Results - More
- May 18, 2011 | Item | ShareThis

Oceanic Iron Ore Corp. Corporate Update - More
- May 18, 2011 | Item | ShareThis

Kivalliq Presented with 2011 Environmental Excellence Award by the KIA - More
- May 18, 2011 | Item | ShareThis

Virgin Metals Inc.: Phase 1 Metallurgical Results Complete for Los Verdes Project - More
- May 18, 2011 | Item | ShareThis

Adex Mining Announces the Exercise of Warrants by Great Harvest for an Aggregate Exercise Price of $7.2 Million and the Departure of Its President and CEO - More
- May 18, 2011 | Item | ShareThis

Continental Gold Appoints Paul Begin as Its New Chief Financial Officer - More
- May 18, 2011 | Item | ShareThis

Fjordland Exploration Inc.: Drilling at Woodjam North (Deerhorn Zone) Intersects 207.5 m Grading 1.00g/t Gold and 0.18% Copper, Including 90 m Grading 1.90g/t - More
- May 18, 2011 | Item | ShareThis

Bellhaven Hires Vice President of Exploration - More
- May 18, 2011 | Item | ShareThis

Positive Update on Northland's Kaunisvaara Project Confirming the Logistic Solution and a NPV of USD 934 Million - More
- May 18, 2011 | Item | ShareThis

Kokomo Executes LOI to Acquire Up to 75% of Arqueana's Lithium/Niobium/Tantalum/Tin Mining Project in Brazil - More
- May 18, 2011 | Item | ShareThis

Medusa Mining Limited: Investor Presentation - More
- May 18, 2011 | Item | ShareThis

Caledonia Mining First Quarter 2011 Results - More
- May 18, 2011 | Item | ShareThis

CB Gold Inc. Issues Stock Options - More
- May 18, 2011 | Item | ShareThis

Midway Gold Announces First Quarter Financial Results - "Our consolidated net loss from operations for the three-month period ended March 31, 2011 was $2,714,283 or $0.03 per share compared to $392,220 or $0.01 per share for the same period in 2010. $1,236,746 of the increase in loss was due to our increased exploration efforts. A loss on the change in fair value of $592,026 relating to warrants which were carried as a liability at December 31, 2010 and, for which the expiry date was accelerated to March 14, 2011, was recognized in the current period." More
- May 18, 2011 | Item | ShareThis

Solitario Reduces Royalty and Options Significant Gold and Molybdenum Deposit on Its Mt. Hamilton Project, Nevada - "Solitario Exploration & Royalty Corp. (“Solitario;”) (NYSE Amex:XPL) (TSX:SLR.to - News) and Ely Gold & Minerals Inc. (“Ely Gold” - including Ely Gold’s 100%-owned US subsidiary DHI US) (TSX.V:ELY) are pleased to announce that their joint venture, Mt. Hamilton LLC (“MH LLC”), has bought-down an existing 2.0% NSR royalty obligation on gold and silver production on the Mt. Hamilton gold project and has completed an initial evaluation of the Shell gold-molybdenum property optioned in the first quarter of 2011. The Shell property comprises eight strategically located mining claims on the south side of the Mt. Hamilton project area. Completion of the royalty buy-down along with the new potential on the Shell property significantly enhances overall project economics and exploration potential. Mt. Hamilton is situated at the southern end of the prolific Battle Mountain gold trend in eastern Nevada where Solitario is currently managing feasibility work." More
- May 18, 2011 | Item | ShareThis

United Mining Group Executes Term Sheet With Sprott Resource Lending Partnership for $10 Million Standby Loan Facility - "United Mining Group, Inc. ("UMG" or the "Company") (TSX:UMG - News)(OTCQX: UMGZF)(Frankfurt:UM8 - News) is pleased to announce that it has signed a term sheet with respect to entering into a secured standby loan facility agreement for up to $10 million with Sprott Resource Lending Partnership (SRLP)." More
- May 18, 2011 | Item | ShareThis

Sabina Gold & Silver Reports Positive Results from Early 2011 Drilling at the Hackett River Silver Rich VMS Project, Nunavut - "Sabina Gold & Silver Corp (TSX:SBB - News) is pleased to announce significant assay results from the first holes drilled as part of the 2011 exploration program on its 100% owned Hackett River project in Nunavut, Canada." More
- May 18, 2011 | Item | ShareThis

Silver Bull Signs Term Sheet with Coeur d'Alene Mines for $5 Million Investment - "Silver Bull Resources Inc. (NYSE Amex: SVBL, TSX: SVB) ("Silver Bull") is pleased to announce that Coeur d'Alene Mines Corporation (NYSE:CDE - News) ("Coeur d'Alene") has executed a term sheet to make a US$5 million investment in Silver Bull. Coeur d'Alene intends to purchase 7,352,941 shares of Silver Bull common stock at $0.68 per share in a private placement transaction. Closing of the transaction is subject to the execution of a definitive agreement, and approval of the NYSE Amex Stock Exchange and the Toronto Stock Exchange." More
- May 18, 2011 | Item | ShareThis

Nevsun Declares Inaugural Semi-Annual Dividend - "Nevsun Resources Ltd. (TSX:NSU - News)(AMEX:NSU - News) is pleased to announce that the Company's Board of Directors has approved a semi-annual cash dividend of US$0.03 cents per common share (US$0.06 per common share annually). The dividend is payable on July 15, 2011, to shareholders of record as of the start of business on June 30, 2011." More
- May 18, 2011 | Item | ShareThis

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