WORLD GOLD INDICES

Gold Seeker Weekly Wrap-Up: Gold Gains Over 2% on the Week While Silver Adds Nearly 4% By: Chris Mullen, Gold Seeker Gold fell over $5 in access trade late yesterday before it steadily rebounded higher in Asia and London and came into New York just slightly lower at $677.80. It then gained over $10 to about $688 before it fell back off into the close a bit, but it still ended with a gain of 0.54%. Silver traded mostly slightly higher in Asia and London and outpaced gold gains in New York as it rose past $14.50 by mid morning, remained near its highs into the close, and ended with a gain of 1.90%.

COT Silver Report - February 23, 2007 Support for Silver basis March is pegged at the old contract high of $14.44, followed by $14.34 and $14.17. Resistance is at the 2007 yearly high of $14.65.

If you're bullish about the outlook for silver prices and have a little mad money to throw around, take a look at Silver Wheaton (NYSE: SLW), the only company that derives 100% of its revenue from silver sales. Investing in Silver Wheaton is essentially an unhedged bet that silver prices will rise in 2007, and that isn't exactly a risk-free gamble -- especially in light of the recent weakness in silver stocks.

"One of the sound decisions made by Ian Telfer at Wheaton River before it was merged with Goldcorp was to set up a silver royalty company. This is the purest equity investment in silver production." from Bill Cara.