Gold Seeker Closing Report: Gold and Silver Gain About 2%

	Close	Gain/Loss
Gold	$1826.10	+$38.20
Silver	$41.32	+$0.80
XAU	218.51	+1.49%
HUI	601.37	+1.55%
GDM	1746.73	+1.63%
JSE Gold	2656.39	+27.72
USD	73.94	+0.24
Euro	144.54	-0.60
Yen	130.45	+0.32
Oil	$88.90	+$1.63
10-Year	2.176%	-0.095
T-Bond	138.34375	+1.53125
Dow	11559.95	+0.18%
Nasdaq	2576.11	+0.55%
S&P	1212.92	+0.23%

Gold waffled near unchanged in Asia and London, but it then rose to as high as $1833.14 in New York and ended with a gain of 2.14%. Silver soared to as high as $41.62 and ended with a gain of 1.97%.

Euro gold rose to over €1266, platinum gained $33.75 to $1850, and copper rose 4 cents to about $4.13.

Gold and silver equities rose about 1.5% by late morning and remained near that level for the rest of the day.

Report	For	Reading	Expected	Previous
Case-Shiller 20-city Index	June	-4.52%	-4.7%	-4.59%
Consumer Confidence	Aug	44.5	52.0	59.2

FOMC Minutes from the fed’s last meeting showed division and ultimately compromise between members:

“Some Federal Reserve officials pushed in August for a more aggressive response to the economy's slowdown. They settled for a pledge to keep rates super-low for two more years and agreed to consider additional options at an extended meeting in September.

Minutes of the Aug. 9 discussions show that Fed officials discussed a range of actions, including another round of Treasury bond purchases. Some Fed officials said a weaker economy called for such a step.”

Tomorrow at 8:15AM EST brings ADP Employment for August expected at 100,000. At 9:45 is Chicago PMI for August expected at 53.0, and at 10AM is the Factory Orders report for July expected at 1.8%.

Oil rose on worries about who will take over in Libya and on threats of another tropical storm on the way.

The U.S. dollar index rose as the euro fell on renewed worries about European debt after an Italian bond auction drew weak demand.

The Dow, Nasdaq, and S&P turned modestly higher in afternoon trade on decent company news and on the outlook for more stimulus from the fed.

Among the big names making news in the market today were BofA, Barnes & Noble, Boeing, Lehman Brothers Holdings Inc., BMW, and NuPathe.

Sign up for this upcoming webcast: A Case for Investing in Gold - 4:15 PM EST on September 6, 2011:

Gold has timeless appeal for its natural luster; as an investment, it’s unique.

To learn more about what’s driving gold, we invite you to a special Web event hosted by U.S. Global Investors CEO and Chief Investment Officer Frank Holmes and special guest Jason Toussaint, managing director of the U.S. and Investment for the World Gold Council.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.52: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,746.80: +25.75 change from yesterday’s data.

Royal Gold’s (RGLD) dividend, Richmont’s (RIC) drill results, Randgold’s (GOLD) output, Golden minerals’ (AUMN) business combination with ECU Silver (ECU.TO), Great Panther’s (GPL) discovery, and SilverCrest’s (SVL.V) second quarter earnings 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.

Galore Proposes to Extend Warrants - More
- August 30, 2011 | Item | ShareThis

Redhawk Resources Receives Final Approval for Listing on the Toronto Stock Exchange - More
- August 30, 2011 | Item | ShareThis

Bravada Drills 12.2m of 1.66g/t Au-eq at Wind Mountain Au/Ag Deposit, Nevada - More
- August 30, 2011 | Item | ShareThis

Golden Minerals and ECU Silver Mining Inc. Announce Results of Special Meetings of Securityholders - "Golden Minerals Company (AMEX: AUMN - News) (TSX: AUM.TO - News) ("Golden Minerals") and ECU Silver Mining Inc. (TSX: ECU.TO - News) ("ECU") are pleased to announce that their previously disclosed business combination by way of court-approved Plan of Arrangement (the "Arrangement") has been approved by the stockholders of Golden Minerals and the securityholders of ECU." More
- August 30, 2011 | Item | ShareThis

Gold Reach Increases Non-Brokered Flow-Through Private Placement to $600,000 - More
- August 30, 2011 | Item | ShareThis

Fission's Expands J Zone Strike Length to 578m - More
- August 30, 2011 | Item | ShareThis

Iron Creek announces that Drilling has started at the Picaron Porphyry Copper Target, Victoria JV, in Chile - More
- August 30, 2011 | Item | ShareThis

Northaven Retains Condor Consulting for Geophysicial Intepretation - More
- August 30, 2011 | Item | ShareThis

Ressources Appalaches Completes Private Placement of $600,000 - More
- August 30, 2011 | Item | ShareThis

Douglas Lake Commences Airborne Survey on Its 800 Km2 Licence in the Handeni District - More
- August 30, 2011 | Item | ShareThis

Dia Bras Reports Record Production and Financial Results in the Second Quarter 2011 due to the Acquisition of Sociedad Minera Corona in Peru - More
- August 30, 2011 | Item | ShareThis

Athabasca Uranium Reports Z-TEM Survey Results, Earns Interest At McCarthy Lake - More
- August 30, 2011 | Item | ShareThis

Gold Canyon Intercepts 286 Meters at 1.03 Grams Per Tonne Gold Confirming Northeast Dip of Portage Zone at Springpole Gold Project - More
- August 30, 2011 | Item | ShareThis

CB Gold Inc. Reports Additional High Grade Intercepts Including 3.13 Metres at 26.77 g/t Gold - More
- August 30, 2011 | Item | ShareThis

Adroit Resources Inc.: Private Placement to Raise Up to $600,000 - More
- August 30, 2011 | Item | ShareThis

Goldcliff Commences Silver Exploration at Ainsworth - More
- August 30, 2011 | Item | ShareThis

Bullion Monarch Receives Stream Sediment Results From Bom Jardim Property, Brazil - More
- August 30, 2011 | Item | ShareThis

Golden Share Reports Surface Grades Up to 93.30 g/t Au at Band Ore on the Shebandowan Gold Project - More
- August 30, 2011 | Item | ShareThis

Kincora Copper Acquires Outstanding 25% of Bronze Fox and Provides Exploration Update - More
- August 30, 2011 | Item | ShareThis

First Uranium announces successful completion of the Mine Waste Solutions Technical Completion Test and financial results for the three months ended June 30 - More
- August 30, 2011 | Item | ShareThis

Fission and Hathor Drilling - More
- August 30, 2011 | Item | ShareThis

Expedition Mining Identifies Gold-Arsenic-Antimony Anomalies on Mt. Mervyn Property - More
- August 30, 2011 | Item | ShareThis

Lake Shore Reports Extensions of Gold Mineralization Along Strike and to Depth at Gold River Trend Project - More
- August 30, 2011 | Item | ShareThis

Tintina Resources Inc.: More High Grade Drill Results From the Sheep Creek Copper-Cobalt-Silver Project - More
- August 30, 2011 | Item | ShareThis

Anglo Swiss Receives Permits & Initiates Drill Program at Kenville Gold Project, Nelson Mining Camp Property, BC - More
- August 30, 2011 | Item | ShareThis

Nortec (NVT) Signs Agreement for $20.5 Million Option of the LK Project, Finland - More
- August 30, 2011 | Item | ShareThis

Argentex Appoints Jack Miller, P.Eng. as Board Advisor and Issues Stock Options - More
- August 30, 2011 | Item | ShareThis

Empire Provides Progress Update on Demirtepe Copper-Gold Project, Turkey - More
- August 30, 2011 | Item | ShareThis

Otterburn Ventures Inc. Signs Option Agreement with Nortec Minerals Corp. - More
- August 30, 2011 | Item | ShareThis

Indigo Exploration Arranges $982,500 Private Placement Financing With One of the Largest Precious Metals Mutual Funds in Canada - More
- August 30, 2011 | Item | ShareThis

Oroco Enters Into EPCM Agreement for Construction of Cerro Prieto Gold Mine - More
- August 30, 2011 | Item | ShareThis

Superior Mining Investors' Information Meeting Scheduled for September 21, 2011 - More
- August 30, 2011 | Item | ShareThis

ATAC Resources Cuts 32.01 Metres of 4.25 g/t Gold at Osiris Zone and Trenches New High-Grade Discovery 550 m Along Strike of Osiris - More
- August 30, 2011 | Item | ShareThis

Excelsior Completes Hydrological and Metallurgical Programs - More
- August 30, 2011 | Item | ShareThis

Magino Resource Expansion Drilling Continues: 161 metres grading 1.35 gpt Gold and 36 metres Grading 2.64 gpt Gold - More
- August 30, 2011 | Item | ShareThis

Lydian Reports Solid Drill Results from Amulsar; Including 98 Meters at 1.5 g/t, 44 Meters at 3.3 g/t and 21 Meters at 10.7 g/t Gold - More
- August 30, 2011 | Item | ShareThis

Geo Minerals Completes Phase One Field Exploration Program on "West Blackwater" Property - More
- August 30, 2011 | Item | ShareThis

Batero Gold Reports Further Drilling Results From Batero-Quinchia Project, Colombia - More
- August 30, 2011 | Item | ShareThis

New Dimension Samples 8.32 g/t Gold at Lansing Project, Yukon - More
- August 30, 2011 | Item | ShareThis

Advanced Explorations Inc. Reports 165 Metre Section of 34% Iron at Tuktu Project-Includes 8 Metres of 50% Iron - More
- August 30, 2011 | Item | ShareThis

Appointment of Mr. Jean-Marie Dupont as Chairman of the Board of Directors of Radisson Mining Resources - More
- August 30, 2011 | Item | ShareThis

Continental Nickel Limited Announces a New Board Appointment - More
- August 30, 2011 | Item | ShareThis

Exploration Update on Silver Quest's BC Programs - More
- August 30, 2011 | Item | ShareThis

Rusoro Reports Q2 2011 Financial Results - More
- August 30, 2011 | Item | ShareThis

Great Western Minerals Group Releases 2nd Quarter 2011 Financial Results - More
- August 30, 2011 | Item | ShareThis

Black Iron Announces the Creation of A Highly Connected Non-Executive Ukraine Advisory Board - More
- August 30, 2011 | Item | ShareThis

Mineral Mountain Resources Ltd.: New 5 km Long Gold Corridor Discovered at Shining Tree Project, Ontario - More
- August 30, 2011 | Item | ShareThis

Resource Confidence and Open Pit Mining Potential Grows with Results from Infill Drilling of Leprechaun Deposit at Valentine Lake Joint Venture, Newfoundland - More
- August 30, 2011 | Item | ShareThis

Search Minerals Expands REE Mineralization at Foxtrot Prospect, Labrador - More
- August 30, 2011 | Item | ShareThis

Treasury Metals Reports 6.0 m @ 22.3 g/t Au from Developing Western Zone at the Goliath Gold Project - More
- August 30, 2011 | Item | ShareThis

TVI Pacific Provides Update on Niger Exploration Program - More
- August 30, 2011 | Item | ShareThis

North American Nickel Initiates Exploration on its Maniitsoq Project, Southwest Greenland - More
- August 30, 2011 | Item | ShareThis

BonTerra Continues Drilling in Advance of Gold Resource Calculation & Awaits Gold Assays for Eight Drill Holes - More
- August 30, 2011 | Item | ShareThis

American Manganese Inc.: Patent Application Submitted for Artillery Peak Manganese Extraction Process - More
- August 30, 2011 | Item | ShareThis

Li3 Energy Establishes $18 Million Exploration and Development Plan - More
- August 30, 2011 | Item | ShareThis

All Share Merger Between GGG Resources Plc and Auzex Resources Limited - More
- August 30, 2011 | Item | ShareThis

Orosur Mining Inc Announces Definitive Acquisition Signed for Talca - More
- August 30, 2011 | Item | ShareThis

Great Panther Silver Extends High Grade Silver-Gold Mineralization and Discovers New Zones at Guanajuato - "GREAT PANTHER SILVER LIMITED (TSX: GPR.TO - News)(AMEX: GPL - News) (the "Company") is pleased to announce the discovery of additional high grade silver-gold mineralization in an extension of the Cata Mine in the core of the Guanajuato Mine Complex. The discovery was made during the course of a detailed deep drilling program being conducted at 12.5 to 25 metre intervals from several drill stations in the Cata Mine access ramp at the 510 metre level, the deepest mining development to date. The drilling program, covering an area of approximately 70 metres down-dip and 100 metres along strike, has been successful in extending silver-gold mineralization below the current level of mining and the existing mineral resource/reserve estimate." More
- August 30, 2011 | Item | ShareThis

Royal Gold Announces Fourth Quarter Dividend - "Royal Gold, Inc. (NASDAQ:RGLD - News)(TSX:RGL.to - News), today announced that its Board of Directors has declared its fourth quarter dividend of US$0.11 per share of common stock. The dividend is payable on October 14, 2011 to shareholders of record at the close of business on September 30, 2011. The quarterly dividend of US$0.11 is also payable to holders of exchangeable shares of RG Exchangeco. This dividend is designated as an “eligible dividend” for Canadian tax purposes." More
- August 30, 2011 | Item | ShareThis

SilverCrest Announces Second Quarter Earnings of $790,000 and Cash Flow from Operations of $3.1M - "Revenues reported from the Santa Elena Mine amounted to $8,556,261. Silver sales were 70,325 ounces at an average realized price of $38.90. Gold delivered into the Macquarie Bank Ltd. ("MBL") Hedging Facility was 3,440 ounces at an average realized price of $926.50. Included in revenue is a non cash amount of $2,007,810 representing the difference between the market spot price at the date of delivery for gold and the hedge price of $926.50 per ounce settled in the quarter. The Company also recorded gold sales of $623,705 related to the delivery of 860 gold ounces to Sandstorm Gold Ltd. ("Sandstorm"), which consists of $300,979 of cash received and $322,725 from amortization of deferred revenue." More
- August 30, 2011 | Item | ShareThis

Cameco Commences Offer to Acquire Hathor Exploration Limited - More
- August 30, 2011 | Item | ShareThis

Richmont Intercepts 7.28 g/t Au Over 31.40 Metres at Wasamac; New Drill Results Reaffirm Strong Potential of this Project - "Richmont Mines Inc. (TSX: RIC.TO - News)(AMEX: RIC.TO - News),("Richmont" or the "Corporation") is pleased to announce additional results from its extensive drilling program on its Wasamac property (the "Property")." More
- August 30, 2011 | Item | ShareThis

Randgold says heavy rains hits Mali output - "West Africa-focused gold miner Randgold Resources on Monday revised its 2011 production lower to 740,000-760,000 ounces from 750,000-790,000 ounces after abnormal rainfall hit production at its Loulo/Gounkoto mining complex in Mali." More
- August 30, 2011 | Item | ShareThis

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.