Gold Seeker Closing Report: Gold and Silver Fall Over 1%

	Close	Gain/Loss
Gold	$1721.30	-$24.70
Silver	$31.94	-$0.60
XAU	201.44	-0.42%
HUI	561.03	-0.76%
GDM	1602.37	-0.88%
JSE Gold	3146.29	-54.56
USD	78.57	-0.04
Euro	134.03	+0.09
Yen	128.64	+0.34
Oil	$100.99	+$0.03
10-Year	2.054%	+0.012
T-Bond	141.8125	-0.25
Dow	12097.83	+0.65%
Nasdaq	2655.76	+1.10%
S&P	1257.08	+1.03%

Gold fell $17.60 to $1728.40 by about 8AM EST before it bumped back up to almost unchanged at $1745.30 in the next two hours of trade, but it then fell back off for most of the rest of the day and ended near its late session low of $1717.73 with a loss of 1.41%. Silver rose to as high as $32.981 by midmorning in New York before it also fell back off in late trade and ended near its late session low of $31.84 with a loss of 1.84%.

Euro gold fell to about €1285, platinum lost $23.30 to $1518.70, and copper fell a few cents to about $3.56.

Gold and silver equities rose almost 2% in the first half hour of trade, but they then fell back off for most of the rest of trade and ended with slight losses.

Report	For	Reading	Expected	Previous
Factory Orders	Oct	-0.4%	-0.4%	-0.1%
ISM Services	Nov	52.0	53.4	52.9

Oil erased early gains and ended near unchanged as the U.S. dollar index jumped higher in the last couple of hours of trade following word that S&P may cut the ratings of several European countries, including Germany.

Treasuries fell as the Dow, Nasdaq, and S&P rose in early trade on optimism about new austerity measures and other plans in Europe aimed at solving the ongoing debt crisis, but those moves reversed following the announcement from S&P.

Among the big names making news in the market Friday were Samsung, MetLife, and Apple.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.50: -0.04 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,702.56: -4.02 change from yesterday’s data.

Centerra Gold’s (CG.TO) interrupted supply Chain, Gold Fields’ (GF) options in Ghana, update on Peru, and investor days, Newmont’s (NEM) operations in Peru, Goldcorp’s (GG) dividend, NovaGold’s (NG) Feasibility Study update, Great Panther’s (GPL) drill results, Coeur’s (CDE) claim dispute, and Silver Bull’s (SVBL) 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.

Ruby Creek Closes Mining License and Equipment Acquisitions - More
- December 05, 2011 | Item | ShareThis

Great Panther Silver Updates Drilling Results for San Ignacio Property, Guanajuato; Grants Stock Options to New Personnel - "GREAT PANTHER SILVER LIMITED (TSX: GPR.TO - News)(AMEX: GPL - News) (the "Company") is pleased to provide an update on a further 12 surface diamond drill holes from the ongoing program at the Company's wholly-owned San Ignacio Project in Guanajuato, Mexico. Drill-holes ESI11-039 to ESI11-050, inclusive, were drilled from section 450N to section 700N, confirming vein continuity with mineralized vein widths of up to nine metres, and in-filling the Intermediate zone extension to the south, and defining the Nombre de Dios zone. Assays from drill core continue to demonstrate higher gold:silver ratios than at the main Guanajuato Mine." More
- December 05, 2011 | Item | ShareThis

Southern Silver Closes First Tranche of Private Placement - More
- December 05, 2011 | Item | ShareThis

Harmony Cancels Financing - More
- December 05, 2011 | Item | ShareThis

Ring of Fire Resources Inc. Reports Additional Historic Results From Lucas Township Primary Gold Target, Project 81 - More
- December 05, 2011 | Item | ShareThis

EURO Ressources Enters Into an Option Agreement With Columbus Gold Corporation - More
- December 05, 2011 | Item | ShareThis

Coeur Rochester Receives Notice of Claim Dispute - "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM.TO - News) reports that Rye Patch Gold Corp. has challenged Coeur’s ownership of a substantial portion of its unpatented claims at its Rochester property located in northern Nevada. On December 5, 2011, Coeur filed a legal complaint in Pershing County, Nevada asserting that its unpatented claims are valid and that it has a valid possessory interest in such claims. The Company is seeking damages and an injunction preventing Rye Patch Gold from interfering with its claims." More
- December 05, 2011 | Item | ShareThis

Radius Intersects 24 meters grading 1.5 g/t Au at Sixty Mile - More
- December 05, 2011 | Item | ShareThis

American Rare Earths and Materials' Expands Its Rare Earths Processing Technology to Include K061 - More
- December 05, 2011 | Item | ShareThis

Correction from Source/Gryphon Gold Corporation: Gryphon Gold Reports Gold Sales - More
- December 05, 2011 | Item | ShareThis

Argus Extends New Gold Discovery 240 Metres On-Strike Intersecting 6 Metres of 1.38g/t Gold - More
- December 05, 2011 | Item | ShareThis

Thundermin Receives Encouraging Results from a First Phase Exploration Program on the Stirling Zinc-Lead-Copper-Silver-Gold Massive Sulphide Property - More
- December 05, 2011 | Item | ShareThis

Black Smoker Closes Financing Oversubscribed - More
- December 05, 2011 | Item | ShareThis

Fort St. James Nickel Corp. Engages SGS Laboratories for Metallurgical Testing - More
- December 05, 2011 | Item | ShareThis

Great Quest Completes Phase 2 Drilling on Tilemsi Phosphate Project - More
- December 05, 2011 | Item | ShareThis

TAC Gold Corp.: Drilling Announced for Bellville Project, Nevada - More
- December 05, 2011 | Item | ShareThis

AuRo Retains Korn/Ferry International to Expand Management Team - More
- December 05, 2011 | Item | ShareThis

Calibre Announces Start of 5,000 Metre Drill Program at Rosita Copper-Gold-Silver Project, Nicaragua - More
- December 05, 2011 | Item | ShareThis

Soldi Ventures Inc. Has Expanded the Drilling Program at the Golden Bullet Project, Newfoundland - More
- December 05, 2011 | Item | ShareThis

Threegold Resources Inc.: Drilling Begins at South Bay - More
- December 05, 2011 | Item | ShareThis

Rye Patch Expands Oreana Trend Holdings Stakes Mining Claims on Existing Gold and Silver Resources - More
- December 05, 2011 | Item | ShareThis

Puget Ventures Inc. Appoints Jean-Pierre Colin to the Board of Directors - More
- December 05, 2011 | Item | ShareThis

New Jersey Mining Company Intersects 4.59 g/t Gold Over 18.1 Meters at the Golden Chest Mine - More
- December 05, 2011 | Item | ShareThis

Jayden Reports 11.68 g/t Gold Over 18.5 Meters Including 25.47 g/t Over 5.9 Meters at Silver Coin - More
- December 05, 2011 | Item | ShareThis

Strike Minerals Increases Size of Non-Brokered Private Placement to $900,000 - More
- December 05, 2011 | Item | ShareThis

Alder Announces Startup of 5,000 Metre Drill Program at Rosita Copper-Gold-Silver Porphyry/Skarn Project in Nicaragua - More
- December 05, 2011 | Item | ShareThis

Barkerville Announces $20,000,000 Equity Financing - More
- December 05, 2011 | Item | ShareThis

Golden Predator Calculates NPV of Royalty Interest in Pan Project at USD $32.7 MM at $1,600/oz Gold - More
- December 05, 2011 | Item | ShareThis

Medusa Mining Limited: Issue of Performance Rights - More
- December 05, 2011 | Item | ShareThis

Petaquilla Update on Spinout of Panamanian Development and Infrastructure Ltd. - More
- December 05, 2011 | Item | ShareThis

Jiulian Receives Initial Payment for Big Kidd - More
- December 05, 2011 | Item | ShareThis

Transfer of Supplies to the Kumtor Mine Interrupted - "Centerra Gold Inc. (TSX: CG.TO - News) announces today that the transfer of diesel fuel and other supplies from the Kumtor marshalling yard to the mine has been interrupted due to an illegal roadblock. The marshalling yard is located in the town of Balykchy in the Issyk-Kul Region of the Kyrgyz Republic and is approximately 270 kilometres from the Kumtor mine. The road block has been set up by a small group of protestors seeking greater benefits from the project. While the roadblock in the town of Balykchy is restricting the transfer of supplies to the mine site from the marshalling yard, the main road access to the Kumtor mine has not been affected." More
- December 05, 2011 | Item | ShareThis

Argentex Identifies New High Priority Drill Targets for 2012 at Pinguino - More
- December 05, 2011 | Item | ShareThis

MAG Silver Starts Drill Program and Adds 50,000 Hectare Claim at La Esperanza Silver Project in Durango and Zacatecas States, Mexico - More
- December 05, 2011 | Item | ShareThis

Riverstone Intersects 14 Metres Averaging 2.44 g/t Gold at the Kao Zone on the Karma Project - More
- December 05, 2011 | Item | ShareThis

Montero Provides an Update on the Mineral Processing and Hydrometallurgical Testwork on the Carbonatite from the Wigu Hill Rare Earth Project in Tanzania - More
- December 05, 2011 | Item | ShareThis

Belmont Encounters Rare Earth Elements in "Orbit-Crackingstone, Uranium City, Sask. - More
- December 05, 2011 | Item | ShareThis

Gryphon Gold Reports Gold Sales - More
- December 05, 2011 | Item | ShareThis

All American Gold Corp Announces Commencement of Drilling at Belleville Project - More
- December 05, 2011 | Item | ShareThis

Columbus Restructures Royalty on 1.9 M oz. Paul Isnard Gold Project, French Guiana - More
- December 05, 2011 | Item | ShareThis

Montoro Encounters Rare Earth Elements in Orbit-Crackingstone, Uranium City, Sask. - More
- December 05, 2011 | Item | ShareThis

Andover Adds 9,120 Acres to Land Position in the Ambler Mining District, Alaska - More
- December 05, 2011 | Item | ShareThis

Drill Rig Mobilized for Resource Expansion and Exploration Drilling - More
- December 05, 2011 | Item | ShareThis

Talison Lithium Concludes First Sales Contracts for 2012 With 15% Price Increase - More
- December 05, 2011 | Item | ShareThis

Olympus Announces Progress at Bau Project and Draws Carlin Trend Analogy - More
- December 05, 2011 | Item | ShareThis

Kirrin Postpones Private Placement - More
- December 05, 2011 | Item | ShareThis

Avala Resources Provides Update on the Bigar Hill Resource Definition Drilling Program, Serbia - More
- December 05, 2011 | Item | ShareThis

General Moly Announces Publication of the Mt. Hope Project's Draft Environmental Impact Statement - More
- December 05, 2011 | Item | ShareThis

Atna Resources Begins Work at Pinson - More
- December 05, 2011 | Item | ShareThis

Lone Star Gold, Inc. Announces the Signing of a Second LOI Regarding the Mexico-Based San Antonio Del Potrero Mine Tailings Project - More
- December 05, 2011 | Item | ShareThis

First Drill Results From Inter-Citic's 2011 Exploration Program at Dachang - More
- December 05, 2011 | Item | ShareThis

i-minerals Announces Positive Results of the Preliminary Economic Assessment Study of Its Bovill Kaolin Halloysite Quartz and K-Spar Project in Latah County - More
- December 05, 2011 | Item | ShareThis

Ryan Gold Intersects Significant Gold Mineralisation from Its Initial Exploration Drill Program at Ida Oro - More
- December 05, 2011 | Item | ShareThis

Mariana Resources-Appointment of New COO and Vice President of Exploration - More
- December 05, 2011 | Item | ShareThis

Balmoral Intersects 12.93 g/t Gold Over 9.33 Metres from One of Four New Discoveries at Martiniere East - More
- December 05, 2011 | Item | ShareThis

Greenland Government Introduces Uranium Licensing Framework for Kvanefjeld Rare Earth-Uranium Project - More
- December 05, 2011 | Item | ShareThis

Minera Andes Provides Update On Exploration Drilling at the San Jose Mine - More
- December 05, 2011 | Item | ShareThis

Gold Reach Announces Significant New Cu-Au Discovery; Intersects 566 Metres of .51% Cu Eq - More
- December 05, 2011 | Item | ShareThis

Focus Metals Reports 43-101 Mineral Resource Calculation for its Lake Knife, Quebec, Graphite Property - More
- December 05, 2011 | Item | ShareThis

ECPN Prepares to Present Property to Market - More
- December 05, 2011 | Item | ShareThis

Colossus Minerals Updates Development Progress at Serra Pelada - More
- December 05, 2011 | Item | ShareThis

Avion's Kofi C Zone Returns 7.52 g/t Au Over 40.8 Metres and 11.61 g/t Au Over 21.6 Metres, Mali, West Africa - More
- December 05, 2011 | Item | ShareThis

Chieftain Confirms Upper Zone with Numerous High Grade Intercepts - More
- December 05, 2011 | Item | ShareThis

Copper One Announces Appointment of New Chief Financial Officer and New Corporate Secretary - More
- December 05, 2011 | Item | ShareThis

Geologix Explorations Inc.: Tepal Drilling Extends Tizate Zone at Depth and Encounters Multiple Higher Grade Gold Intervals Including 0.32 g/t Gold Over 232 M - More
- December 05, 2011 | Item | ShareThis

Lara Exploration Ltd.: Caninde Graphite Acquisition, NE Bazil - More
- December 05, 2011 | Item | ShareThis

Goldex Resources Samples 69.72 g/t Au From the El Roque Sector of Its El Pato Project in Guatemala - More
- December 05, 2011 | Item | ShareThis

White Tiger Announces VTB Credit Committee Approval for $150m Loan Facility to Fund Expansions in Russia - More
- December 05, 2011 | Item | ShareThis

First Nickel Hires New Head of Corporate Development - More
- December 05, 2011 | Item | ShareThis

Canaco Reports Additional Drill Results at Magambazi, Including 8.3 Metres at 8.84 Grams per Tonne Gold on the Western Lodes and 23.8 Metres at 2.8 Grams - More
- December 05, 2011 | Item | ShareThis

Li3 Energy Names Experienced Mining Executive as Chairman - More
- December 05, 2011 | Item | ShareThis

Uranium producers cut processing deal - More
- December 05, 2011 | Item | ShareThis

Gold Fields Says Ghana’s Windfall Tax Plans Could Halt $1 Billion Projects - "Gold Fields Ltd. (GFI), the fourth-biggest producer of the metal, said Ghana’s plan to raise tariffs on mines and introduce a windfall tax could force it to halt expansion projects worth $1 billion in the country." More
- December 05, 2011 | Item | ShareThis

Newmont’s Yanacocha Gold Mine Operating Normally, Spokesman Says - "Newmont Mining Corp. (NEM), the largest U.S. gold producer, said its Yanacocha gold mine is operating normally after the Peruvian government declared a state of emergency in the northern Andes to end anti-mining protests." More
- December 05, 2011 | Item | ShareThis

Peru Declares State of Emergency to End Protests Against Newmont Gold Mine - "Protesters halted demonstrations that have paralyzed Peru’s biggest gold project and threatened billions of dollars in investment after President Ollanta Humala declared a state of emergency in the northern Andes.

Humala yesterday granted the armed forces extra powers for 60 days, including the right to arrest without a warrant in four provinces of the Cajamarca region after two weeks of clashes between police and peasant protesters forced Newmont Mining Corp. to suspend the $4.8 billion Minas Conga gold project. The move came after talks between the government and protesters, who say the project threatens water supplies, broke down." More
- December 05, 2011 | Item | ShareThis

Goldcorp increases monthly dividend - "GOLDCORP INC. (TSX: G, NYSE: GG) announced today that its Board of Directors has authorized a 32% increase in the annual dividend to $0.54 per common share. This is the third increase in the Company's dividend in the last 13 months. The increase is effective immediately and will be reflected in our dividend payable to shareholders of record as of December 16, 2011 which will be increased to $0.045 per common share. Goldcorp is the only gold producer to pay a monthly dividend." More
- December 05, 2011 | Item | ShareThis

NovaGold Passes Key Milestone on Path to Becoming Premier North American Gold Producer - "NovaGold Resources Inc. ("NovaGold" or the "Company") (TSX: NG.TO - News)(AMEX: NG.TO - News) is pleased to announce the positive conclusion of the second Feasibility Study update ("Study") completed for the Donlin Gold Project ("Donlin Gold" or the "Project") located in southwestern Alaska. The Study revises the feasibility study completed in April 2009 with updated mineral reserves and resources, capital cost and operating cost estimates. The Study was compiled by AMEC Americas Ltd. ("AMEC"). The Project is held by Donlin Gold LLC which is owned equally by wholly-owned subsidiaries of NovaGold and Barrick Gold Corporation ("Barrick")." More
- December 05, 2011 | Item | ShareThis

Silver Bear Intersects 354 g/t Ag Over 3.4 Meters and 1090 g/t Ag Over 1 Meter - "Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX: SBR.TO - News) is pleased to announce the first drill results of its 2011 diamond drilling program on the Mangazeisky Silver Property in Yakutia, Russia. As shown in Figure 1, the property hosts more than 100 silver occurrences in a major north-northwest trending mineralized structure that stretches along a 35 kilometre corridor. Drilling has confirmed management's belief in the potential to grow the current NI 43-101 compliant resource of 17.9 million ounces silver at 518 Ag/t of indicated mineralization and 30.5 million ounces silver at 562 Ag/t of inferred mineralization. The overall Mangazeisky property license covers 570 square kilometres. Figure 1 highlights that the area containing Silver Bear's NI 43-101 mineral resource estimate (Vertikalny) represents a very small land tenure in this total license area." More
- December 05, 2011 | Item | ShareThis

Update on Impact of Peru Protest Action - "Production at Gold Fields Limited's (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) Cerro Corona mine in the Cajarmarca province in Peru has to date not been affected by the continuing protest actions against the Newmont Corp - Buenaventura proposed Conga Project in the region." More
- December 05, 2011 | Item | ShareThis

Gold Fields Hosts Investor Day in Johannesburg and New York - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is hosting an Investor Day in Johannesburg, South Africa . The event is scheduled to begin at 9:00am (GMT+2). A similar event will take place in New York, USA , on Wednesday, 7 December 2011 at 9:00am (EST)." More
- December 05, 2011 | Item | ShareThis

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