Gold Seeker Closing Report: Gold and Silver Fall Over 2% More

	Close	Gain/Loss
Gold	$1631.00	-$34.60
Silver	$30.64	$0.67
XAU	187.82	-3.08%
HUI	524.33	-3.27%
GDM	1495.62	-3.27%
JSE Gold	3053.19	+14.73
USD	80.32	+0.82
Euro	130.32	-1.51
Yen	128.23	-0.10
Oil	$100.14	+$2.37
10-Year	1.962%	-0.047
T-Bond	143.40625	+0.96875
Dow	11954.94	-0.55%
Nasdaq	2579.27	-1.26%
S&P	1225.73	-0.87%

Gold fell almost 1% to $1651.48 in Asia before it rebounded to $1677.87 in early New York trade, but it then fell back off for most of the rest of the day and ended with a loss of 2.08%. Silver dropped to $30.898 in Asia before it rose to $31.95 in early New York trade, but it then fell back off into the close and ended with a loss of 2.14%.

Euro gold fell to about €1252, platinum lost $9.25 to $1472, and copper fell 7 cents to about $3.38.

Gold and silver equities saw slight gains in the first half hour of trade, but they then fell back off for the rest of the day and ended with over 3% losses.

Report	For	Reading	Expected	Previous
Retail Sales	Nov	0.2%	0.6%	0.6%
Retail Sales ex-auto	Nov	0.2%	0.5%	0.6%
Business Inventories	Oct	0.8%	0.9%	0.0%

“The economy has been expanding moderately, notwithstanding some apparent slowing in global growth,” the Federal Open Market Committee said in a statement at the conclusion of its meeting today in Washington. “While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated.”

“A MEMBER of the Iranian parliament’s national security committee has said the military is to practise its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world.

Parviz Sarvari told student news agency ISNA yesterday: “Soon we will hold a military manoeuvre on how to close the Strait of Hormuz. If the world wants to make the region insecure, we will make the world insecure.”

The U.S. dollar index and treasuries extended higher after the fed did not indicate a move towards additional stimulus.

The Dow, Nasdaq, and S&P more than erased all of their early gains after the fed’s statement.

Among the big names making news in the market Friday were WaMu, Best Buy, Morgan Stanley, Deutsche-Boerse-NYSE, and AOL.

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.605 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.06: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,769.12: No change from yesterday’s data.

Entree Gold’s (EGI) arbitration update, Pacific Rim’s (PMU) second quarter results, Ivanhoe’s (IVN) evaluation of the implications of an arbitrator's decision on the company's Shareholders' Rights Plan, Banro’s (BAA) completion of projects for its foundation, US Gold’s (UXG) drill results, Allied Nevada’s (ANV) drill results, Aurcana’s (AUN.V) drilling discovery, Endeavour’s (EXK) exploration drilling, Silver Bull’s (SVBL) closed common stock offering, and Hecla’s (HL) acquisition of the remaining 30% interest in the San Juan Silver project 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.

DIAGNOS Options its Currie and Lac Madeleine Projects in Lebel-sur-Quevillon Region to Active Growth Capital - More
- December 13, 2011 | Item | ShareThis

Mosquito Refutes Dissident Allegations - More
- December 13, 2011 | Item | ShareThis

Entree Gold Provides Update on Arbitration Between Rio Tinto and Ivanhoe Mines - "Entree Gold Inc. (TSX: ETG.TO - News)(AMEX: EGI - News)(Frankfurt: EKA.F - News) ("Entree" or the "Company") is providing an update on the arbitration hearings between the Company's two largest shareholders, Rio Tinto and Ivanhoe Mines. Rio Tinto first referred Ivanhoe Mines' Shareholder Rights Plan to arbitration in June 2010 after it was adopted by the board of directors at Ivanhoe Mines in April 2010." More
- December 13, 2011 | Item | ShareThis

Oro Mining Announces Stock Option Grant - More
- December 13, 2011 | Item | ShareThis

Strike Minerals Inc. Closes $350,000 Bridge Loan with Waterton Global Value - More
- December 13, 2011 | Item | ShareThis

Goldeye Announces New Director - More
- December 13, 2011 | Item | ShareThis

Sono Releases First Phase High Resolution Airborne Magnetics Interpretation in Preparation for Its 2012 Drilling Program on the Bonnyridge Copper/Silver.. - More
- December 13, 2011 | Item | ShareThis

Minco Gold Director Resigns - Yahoo! Finance - "Minco Gold Corporation (the "Company" or "Minco Gold") (TSX: MMM.TO - News)(AMEX: MGH - News)(Frankfurt: MI5.F - News) announces that Mr. Dwayne Melrose has resigned as Director of the Company effective December 9, 2011. The company wishes him the best in his future endeavors." More
- December 13, 2011 | Item | ShareThis

Minco Base Metals Director Resigns - More
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Tanzanian Royalty Files Form 20-F Annual Report With U.S. Securities and Exchange Commission - "Tanzanian Royalty Exploration Corporation has filed its Form 20-F annual report for the year ended August 31, 2011 with the U.S. Securities and Exchange Commission. In addition to being available on the Company’s website (www.tanzanianroyalty.com), shareholders may, upon request, receive free of charge a hard copy of the Company’s complete audited financial statements." More
- December 13, 2011 | Item | ShareThis

Gold Port Completes First Step-Out Hole at Groete Creek - More
- December 13, 2011 | Item | ShareThis

Seafield's Quinchia District Increases Inferred Resource to 1.27 Million Ounces Gold in Addition to 1.23 Million Ounces Measured and Indicated - More
- December 13, 2011 | Item | ShareThis

SIRIOS Resources Inc.: Results from the Annual and Special Meeting of Shareholders -

Red Crescent Provides Exploration Update on Sivas - More
- December 13, 2011 | Item | ShareThis

Liberty Star Receives Technical Report on the Big Chunk Super Project from SRK Consulting - More
- December 13, 2011 | Item | ShareThis

Zazu Intersects 14.8% Zinc + Lead Over 50 Meters - More
- December 13, 2011 | Item | ShareThis

Tao Minerals Ltd. to Run Detailed Airborne Magnetic and Spectrometry Survey on Las Aquadas Project - More
- December 13, 2011 | Item | ShareThis

Long Intersections of High-Grade Iron Formation at Fancamp's 17.5% Owned Oil Can Project, Adjacent to the Fire Lake North Project, Fermont, Quebec - More
- December 13, 2011 | Item | ShareThis

Abcourt Announces the Nomination of Two New Directors - More
- December 13, 2011 | Item | ShareThis

NEVADO Assay Results Confirm Higher Grade Iron and Titanium From Surface Massive Oxides Mineralization on the La Blache Project - More
- December 13, 2011 | Item | ShareThis

Compass Gold Exploration Program Update - More
- December 13, 2011 | Item | ShareThis

Stellar Pacific Ventures Drills 6 Metres of 14.29 Gr Au/t on B-3 Zone of Solotomo Discovery, Guinea - More
- December 13, 2011 | Item | ShareThis

Testimony in Dispute Between Caldera and Global Gold Corporation to End Today - More
- December 13, 2011 | Item | ShareThis

Golden Goliath Resources Ltd.: Agnico-Eagle Options Las Bolas/Los Hilos Property - More
- December 13, 2011 | Item | ShareThis

Mr. Zhaoxue Sun, Chairman of China Gold International Awarded the "2011 CCTV Chinese Annual Economic Figures" - More
- December 13, 2011 | Item | ShareThis

North Bay Resources Inc. (NBRI) Issues Ruby Mine Update - More
- December 13, 2011 | Item | ShareThis

More Good News for Xmet from Near Surface Drilling on Duquesne-Ottoman Property - More
- December 13, 2011 | Item | ShareThis

Compass Gold Corporation Completes Acquisition of Africa Mining - More
- December 13, 2011 | Item | ShareThis

Lithium Exploration Group Meets with Resource Management Firm about Oil and Gas Assets in Alberta - More
- December 13, 2011 | Item | ShareThis

Solo International, Inc. Appoints Michel Plante President, Launches Corporate Website - More
- December 13, 2011 | Item | ShareThis

Aurcana Discovers New Silver Mineralization at Depth at La Negra Mine - "Aurcana Corporation (TSX-V: AUN.V - News)(OTCQX: AUNFF.PK - News)(Pinksheets: AUNFF.PK - News) ("Aurcana" or the "Company") is pleased to announce that underground drilling at the La Negra Silver-Copper-Lead-Zinc Mine, located in Querataro State, Mexico, has intersected new deeper mineralization below the 1920 m level of the mine. This is the first time Aurcana has indentified significant amounts of mineralization at this depth." More
- December 13, 2011 | Item | ShareThis

Montero Strengthens Technical Team to Advance the Mineral Processing and Hydrometallurgical Work on Ore from the Wigu Hill Rare Earth Project in Tanzania - More
- December 13, 2011 | Item | ShareThis

African Gold Group, Inc. Drilling Resumes at Kobada, Mali-Focus on Significant Increase & Upgrade of 43-101 Resource as Part of Feasibility Study - More
- December 13, 2011 | Item | ShareThis

Sonora Resources Receives NI 43-101 Report Confirming Economic Potential for Los Amoles Silver Project in Mexico - More
- December 13, 2011 | Item | ShareThis

Westridge Retains Investor Cubed Inc. - More
- December 13, 2011 | Item | ShareThis

Rockland Minerals Corp.: Retty Lake Drilling Confirms Stacked Cu-Ni-PGE Mineralization in Multiple Horizons, Labrador Trough, Quebec - More
- December 13, 2011 | Item | ShareThis

Northrock Announces Name Change to Bama Gold - More
- December 13, 2011 | Item | ShareThis

Rare Earth Metals Releases New Resource Estimate for Two Tom - More
- December 13, 2011 | Item | ShareThis

ATAC Resources Intersects 44.20 m of 4.41 g/t Gold at Osiris and 51.82 m of 3.13 g/t Gold at the Newly Discovered Isis East Zone, Rackla Gold Project-Yukon - More
- December 13, 2011 | Item | ShareThis

Prophecy Diversifies Cash Holdings by Purchasing Platinum and Palladium ETFs - More
- December 13, 2011 | Item | ShareThis

Aura Silver Sharpens High-Grade Gold Target at Aura Lake, Greyhound Project, NU - More
- December 13, 2011 | Item | ShareThis

Mountain Lake Signs Letter of Intent to Sell Bobby’s Pond Base Metal Deposit in Central Newfoundland - More
- December 13, 2011 | Item | ShareThis

United Silver Corp. Announces Refining Agreement - More
- December 13, 2011 | Item | ShareThis

U.S. Precious Metals, Inc. Provides Shareholder Update - More
- December 13, 2011 | Item | ShareThis

Lone Star Gold, Inc. Provides Map, Longitude and Latitude Drill Target Coordinates & 1st Stage Drilling Update for La Candelaria Gold-Silver Project - More
- December 13, 2011 | Item | ShareThis

Mariana Resources Intersects High-Grade Gold and Silver at Sierra Blanca Project, Deseado Massif, Southern Argentina - More
- December 13, 2011 | Item | ShareThis

Batero Gold Secures 100 Percent Ownership of Surface Rights in Immediate Area Over La Cumbre Gold-Copper Porphyry, Emphasizes Social and Environmental Commit. - More
- December 13, 2011 | Item | ShareThis

Canstar Resources Announces Proposed $1,050,000 Non-Brokered Private Placement to Explore Mary March and Adjacent Properties - More
- December 13, 2011 | Item | ShareThis

Uranium Energy Corp Reports Fiscal 2012 Q1 Production Results and Provides Operations Update - More
- December 13, 2011 | Item | ShareThis

QRS Announces Intent to Acquire Copper Project in the IV Region, Chile - More
- December 13, 2011 | Item | ShareThis

East Asia Minerals Provides Update on Miwah Project - More
- December 13, 2011 | Item | ShareThis

Pacific Rim Mining Announces Fiscal 2012 Second Quarter Results - "Pacific Rim is an environmentally and socially responsible exploration company whose business plans and management talent focus on high grade, environmentally clean gold deposits in the Americas. Pacific Rim's most advanced asset is the vein-hosted El Dorado gold project in El Salvador, where the Company also owns several grassroots gold projects. The Company recently acquired a joint venture option on the Hog Ranch epithermal gold project in Nevada and is actively pursuing additional exploration opportunities elsewhere in the Americas." More
- December 13, 2011 | Item | ShareThis

Ivanhoe Mines Evaluating Implications of Arbitration Decision on Company's Shareholders' Rights Plan - "Ivanhoe Mines (TSX:IVN.TO - News)(NYSE:IVN.TO - News)(NASDAQ:IVN.TO - News) announced today that the company and its legal counsel are continuing to evaluate the implications of an arbitrator's decision on the company's Shareholders' Rights Plan that was issued Monday, December 12, and addressed in Ivanhoe's December 12 news release." More
- December 13, 2011 | Item | ShareThis

Banro Foundation Concludes Milestone Year in the Eastern Congo with Construction of Four Schools and New Health and Infrastructure Projects - "Banro Corporation ("Banro" or the "Company") (AMEX: BAA - News)(TSX: BAA - News) is pleased to announce that the Banro Foundation, a registered charity in the Democratic Republic of the Congo (the "DRC"), has completed its most successful year to date with completion of projects totalling approximately US$1.16 million." More
- December 13, 2011 | Item | ShareThis

El Gallo Complex Regional Drill Results Gearing Up for the Next Phase of Growth in Mexico - "US GOLD CORPORATION (NYSE: UXG - News)(TSX: UXG - News) is pleased to announce results from regional drilling at the El Gallo Complex, in Sinaloa, Mexico. Results contained in this release are focused on the Mina Grande area (Fig. 1), where earlier in 2011 drilling discovered several zones of encouraging near-surface gold and silver mineralization. New drill highlights include: 3.2 grams per tonne (gpt) gold over 14.0 meters (m), 1.8 gpt gold over 19.4 m and 7.7 gpt gold, 2070 gpt silver over 1.0 meter." More
- December 13, 2011 | Item | ShareThis

Allied Nevada Reports Expansion of Main Mineralized Zones at Hasbrouck With Results Including 171 Meters of 1.1 g/t Gold and 33.5 g/t Silve - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX: ANV - News)(AMEX: ANV - News) is pleased to provide highlights from the final drilling of the 2011 season at its wholly owned Hasbrouck project, located five miles south of Tonopah, Nevada. Recent assays indicate extension of mineralization on the east side of the hill and continuity between the Franco and Crossroads zones." More
- December 13, 2011 | Item | ShareThis

Endeavour Silver Discovers Two New High Grade Silver-Gold Veins at the Guanajuato Mine, Mexico - "Endeavour Silver Corp. (TSX: EDR.TO - News)(NYSE: EXK - News)(Frankfurt: EJD.F - News) announces that exploration drilling east of the Lucero-Karina-Fernanda-Daniela mine area at Endeavour's Guanajuato Mines project in Guanajuato State, Mexico has discovered two new high grade silver-gold veins." More
- December 13, 2011 | Item | ShareThis

Silver Bull Closes Common Stock Offering for Gross Proceeds of $US 10.4 million - "Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) ("Silver Bull") has received commitments from various investors for the sale of 21,050,000 shares of common stock at a price of $US 0.50 per share. Silver Bull is pleased to announce the closing of the sale of 20,755,000 shares of common stock at a price of $US 0.50 per share for gross proceeds of $US 10,377,500 . Silver Bull expects to close the sale of the remaining 295,000 shares of common stock this week." More
- December 13, 2011 | Item | ShareThis

Hecla Acquires Remaining 30% Interest in San Juan Silver Project - "Hecla Mining Company (“Hecla”) (NYSE:HL) is pleased to announce that is has acquired the remaining 30% interest in the San Juan Silver project at Creede, one of Colorado’s most prolific silver-producing districts. The San Juan Silver project has a silver resource of approximately 37 million ounces and significant lead. With 20 plus miles of the Bulldog, Amethyst, and Equity veins on the property, there is potential for considerably more silver and gold resources. The property also encompasses the Bulldog mine, Equity ramp, and administration buildings. In addition, the Company maintains a 70% interest in an exploration joint venture that holds ancillary exploration property with numerous unexplored veins in the district." More
- December 13, 2011 | Item | ShareThis

Areva Expects 2011 Losses As Nuclear Energy Sees Downward Trend - More
- December 13, 2011 | Item | ShareThis

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