Timberline Resources Corp. [OTC-BB: TBLC] Upside Through Discovery • Record Revenues - Drilling Services

The Markets:

Charts Courtesy of http://finance.yahoo.com/

Crude inventories built 700,000 barrels, gasoline inventories fell 5.5 million barrels, and distillates built 100,000 barrels.  Crude inventories did not build as much as expected and gasoline inventories fell more than expected so energy prices initially rose after the report, but oil prices soon fell back off and ended with only small gains while gasoline prices remained higher.

The U.S. dollar index remained near unchanged ahead of tomorrow’s ECB meeting that might increase interest rates.  The dollar briefly found small gains after FOMC minutes raised inflation fears, but it still ended lower on continued trade worries over China.

Treasuries fell after FOMC minutes raised inflation fears and gave no indication the fed will cut interest rates anytime soon.

The Dow, Nasdaq, and S&P fell markedly on inflation and higher interest rate worries.

Among the big names making news in the market today were Genesis, Nanophase, Citigroup, and Nasdaq and Philadelphia Exchange.

The Commentary:

“June Gold finished up 0.2 at 681.7, 4.1 off the high and 2.7 up from the low.

May Silver closed down 0.04 at 13.89. This was 0.14 up from the low and 0.16 off the high.

With the exception of the overt weakness in the US equity market, the gold market mostly saw supportive outside market action on Wednesday. Granted the decline in the US Dollar wasn't that definitive and the oil market rally was somewhat disjointed, but in general the metals markets in total were mostly throwing off positive vibes. Certainly seeing the equity market fall sharply and seeing reports of another Al-Qaida terrorist incident is justification for some profit taking in gold, but the bear camp wasn't really able to hold prices down.

The silver market was certainly the weakest market within the precious metals/base metals markets on Wednesday. With the equity market also registering some moderate selling pressure, it is possible that fresh physical demand concerns ended up prompting some of the liquidation effort. While the silver market has begrudgingly risen in sync with the base metals, one does have to wonder if some of the bloom of the base metals markets was peeled back during the Wednesday session.” - The Hightower Report, Futures Analysis and Forecasting

GATA Posts:

Mike Swanson: A triple buy signal in gold stocks

U.S., Europe may be happy with dollar's new decline

U.S.-China trade tensions undermine dollar

Even world debt is getting out of the dollar

The Statistics:

As of close of business: 4/10/2007

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 Note: No change in Total Tonnes from yesterday’s data.

COMEX Gold Trust (IAU)

 Note: No change in Total Tonnes from yesterday’s data.

Silver Trust (SLV)

 Note: No change in Total Tonnes from yesterday’s data.

The Stocks:

Gold Fields (GFI) bid rumor, Kinross Gold’s (KGC) Cerro Casale development, ringing of the closing bell, and 2007 guidance, Cardero’s (CDY) management realignment, Aurizon’s (AZK) first quarter gold production, DRD GOLD’s (DROOY) exclusion from a fund, Seabridge’s (SA) 43-101 report, Endeavour’s (EXK) 2006 financial results and 2007 outlook, Bear Creek’s (BCM.V) testing results, Revett’s (RVM.TO) production performance, Minefinders’ (MFN) drill results, and Excellon’s (EXN.V) test results were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSERS

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

All of today's gold and silver stock news:

Endeavour Silver Corp.: Financial Statements for the Year Ended December 31, 2006 and Financial Outlook for 2007 - "Sales in 2006 totalled $17.8 million from the production of 1.35 million oz silver (net of gold credits) or US$12.51 per oz, from the Company's Guanacevi Mines in Durango, Mexico. The first year of Endeavour's consolidated financial for its Mexican subsidiaries is 2006, so there is no comparable sales period from 2005." More
- April 11, 2007 | Item | E-mail

China Shen Zhou Mining & Resources Appoints Chief Financial Officer and Expands Board of Directors - More
- April 11, 2007 | Item | E-mail

Molycor Gold Corp.: Incentive Stock Options - More
- April 11, 2007 | Item | E-mail

SearchGold Arranges Financing for up to $2,000,000 - More
- April 11, 2007 | Item | E-mail

Wealth Appoints Chief Geologist Grants 525,000 Stock Options - More
- April 11, 2007 | Item | E-mail

Pearl Asian Mining Getting Nearer to Clinching an Agreement for a Rich Gold Prospect Adjacent to the Atlas Mining Company - More
- April 11, 2007 | Item | E-mail

Weststar Resources Corp.: Drilling Program of Axe Porphyry Copper-Gold Property Underway - More
- April 11, 2007 | Item | E-mail

Kinross Gold expects Cerro Casale development-CEO - "Kinross Gold Corp. (K.TO: Quote, Profile , Research) expects to develop the big Cerro Casale gold and copper deposit in Chile, with remaining questions centering on when and how, not if, the company's chief executive said on Wednesday.

The Canadian miner acquired a 49 percent stake in the property when it acquired Bema Gold earlier this year. It is one of the world's largest undeveloped gold and copper deposits, with estimated reserves of 23 million ounces of gold and 6 billion pounds of copper." More
- April 11, 2007 | Item | E-mail

Inspiration Mining Corporation: Commencement of Trading on the TSX - More
- April 11, 2007 | Item | E-mail

Kinross Gold to Ring Closing Bell at NYSE Today - "Kinross Gold Corporation's President and CEO Tye Burt (Toronto:K.TO - News)(NYSE:KGC - News) ("Kinross" or the "Company") will ring The Closing Bell(SM) at the New York Stock Exchange today in celebration of its designation as the top performing senior gold equity for 2006." More
- April 11, 2007 | Item | E-mail

Thistle announces debt restructuring plan - More
- April 11, 2007 | Item | E-mail