This week gold closed down $16.80 at $456.20 and silver closed down .25 at $7.52. The euro is down .0234 at $1.1821 and the Canadian dollar is down .0045 at .8437

SNZ closed up 175% today after a new discovery on their newly acquired Davidson property.  SNZ is on the TSX and closed at .11 Canadian.

SNZ

Southern Rio Resources Ltd.: New Gold Discovery on Davidson Property
16:46 EST Thursday, November 03, 2005


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 3, 2005) - Southern Rio Resources Ltd. (the "Company") (TSX VENTURE:SNZ) is pleased to announce a significant new gold discovery on the recently acquired Davidson Property in central British Columbia.

Hole DAV-05-02 returned the following results:

Depth (m) Intercept (m) Gold (g/t) Silver (g/t)
136.0 - 150.0 14.0 metres 4.94 g/t Au 17.1 g/t Ag

within a larger mineralized zone of:

Depth (m) Intercept (m) Gold (g/t) Silver (g/t)
96.0 - 160.0 64.0 metres 1.80 g/t Au 6.5 g/t Ag


The hole was part of an initial five-hole (938.7 metres) drill program carried out in late September-October which tested a number of geophysical and geochemical targets for epithermal gold and silver mineralization on the property. Partial results have been received from the first two holes. Additional assay results, including those from DAV-05-02 below 160 metres depth, and the three later holes will be reported on receipt.

Hole DAV-05-02 was targeted on a coincident NW-SE trending gold-in-soil geochemical anomaly and geophysical conductor. The host rocks are strongly altered felsic volcanics. The 14 metre intersection is comprised of seven samples, each two metres in length; individual values range from a high of 9.81 g/t Au to a low of 2.67 g/t Au. The true width of the intersection is currently unknown. The primary assays were performed by Eco Tech Laboratory in Kamloops, check assays will be submitted to Acme Analytical Laboratories in Vancouver.

Hole DAV-05-02 is located approximately 300 metres northwest of the closest previous drill hole, DAV-92-35, which was drilled by Granges Inc. in 1992. Hole 92-35 returned 4.91 g/t Au and 1.9 g/t Ag over 4.3 metres, from 167.0 to 171.3 m (end of hole) within a wider intercept grading 2.48 g/t Au and 2.3 g/t Ag over 10.3 metres from 161.0 to 171.3 m depth.

The Davidson Property, is 100% owned by the Company and located approximately 110 kilometres southwest of Vanderhoof in central British Columbia, and approximately 20 km northeast of the Company's 3Ts project. The recent drill program was the first drill activity on the property since 1994.

Today gold closed up $3.00 at $459.20 and silver closed up .04 at $7.56

Today gold closed up $5.40 at $466.30, silver closed up .07 at $7.64 and platinum closed up $11.00 at $942.00.

Platinum surges to 25-yr high
Nov 09 2005 12:22:00:000PM
By: Justin Brown
Print story on
Email Story


Precious metals bill passed

Gold, platinum to shine in '06

'Plat could peak at $1 000'




Johannesburg - Spot platinum on Wednesday surged to a fresh 25-year high of US$957 a troy ounce on strong demand for the metal, especially earlier in the day from traders on the Tokyo Commodity Exchange (Tocom), traders said.
At 12:20, platinum was quoted at $955.50/oz, up $16/oz from its previous close of $939.50/oz, and also the highest level since 1980 when platinum traded to an all-time high of about $1 040/oz.

"Platinum is higher due to strong demand for the metal as well as the very tight platinum inventory. The ultimate goal for the platinum market appears to be the $1 000/oz mark," a trader said.

Platinum is mainly used to make jewellery and in the manufacture of auto catalysts.

For the week gold closed up $12.20 at $468.40 and silver closed up .22 at $7.74. Gold was up strongly this week even though the US dollar was up against the euro. Copper touched an all time high this week at just over $1.90. Platinum was up $12.00 today to close at $965.00.

Even though the US dollar went up against the euro last week gold continued to gain. This has happened several times during the past few weeks making it look as though gold has broken it's tie to the US dollar and has broken out on it's own. Gold closed up $16.80 for the week at $485.20 and silver closed up .29 at $8.03

I would watch gold and silver very closely at this point. On 4-8-04 silver dropped from an $8.14 close to $6.14 on 4-23.04.

Gold was $493.00 and silver $8.20 when the US market opened. A half hour later gold had dropped to $490.90 and silver to $8.11. There appears to be a struggle by the shorts to keep gold from crossing the $500 level and silver from the $8.57 level. The lease forward rates continue to be closed out on the one year, six month and the three month rates but still viable with the two month and one month rates.

Today gold closed up another $3.70 at $492.40 up $7.20 for the week and silver closed up .04 at $8.15 up .12 for the week.

This week gold closed up $10.50 at $495.70 and silver closed up .16 at $8.19. The euro closed up .0032 against the US dollar.

Gold and silver appear to be continuing their rise today with gold up $1.40 at $497.10 and silver up .07 at $8.26. Gold futures hit $500.40 per ounce about 10 minutes ago. Platinum continues up with an increase of $5.00 per ounce at $984.00.

Gold closed up $2.60 at $498.30, silver closed up .15 at $8.34 and platinum closed up $7.00 at $986.00.

Highs for the day:

Gold------$499.70
Silver----$8.39
Platinum--$1.005.00

This morning silver was down in London and after 2 1/2 hours the US market is down. I believe that silver will close higher towards the end of the day. This is due to the COMEX supply and the lack of silver for sale.

Gold went above $500.00 per ounce but it looks like it will have a hard time closing and staying above that level for a few days.  Platinum reached $1005.00 but will also have a hard time staying above that level.  With silver $8.57 is the benchmark that needs to be broken and sustained.