Accelr8 (AXK) (PTX) (DRJ) (TPLM) (NSU) (PZG) Biggest AMEX Losers

Accelr8 Technology (AXK), Pernix Therapeutics Holdings Inc. (PTX), Dreams (DRJ), Triangle Petroleum (TPLM), Nevsun Resources Ltd (NSU) and Paramount Gold and Silver Corp. (PZG) were the biggest Losers on the AMEX, Friday, November 18.

Accelr8 Technology (AXK) ended the session down 8.47 percent, closing at $2.16. They traded in a range of $2.16 to $2.43. A total of 18,000 shares changed hands.

Pernix Therapeutics Holdings Inc. (PTX) ended the session down 7.31 percent, closing at $8.24. They traded in a range of $8.24 to $8.89. A total of 11,171 shares changed hands.

Dreams (DRJ) ended the session down 6.45 percent, closing at $2.03. They traded in a range of $2.03 to $2.11. A total of 10,982 shares changed hands.

Triangle Petroleum (TPLM) ended the session down 5.91 percent, closing at $5.73. They traded in a range of $5.63 to $6.22. A total of 867,820 shares changed hands.

Nevsun Resources Ltd (NSU) ended the session down 5.11 percent, closing at $5.38. They traded in a range of $5.36 to $5.75. A total of 483,226 shares changed hands.

Paramount Gold and Silver Corp. (PZG) ended the session down 5.10 percent, closing at $2.42. They traded in a range of $2.42 to $2.60. A total of 1,426,357 shares changed hands.

AngloGold (AU) (PZG) (DMD) (MKTG) (RL) Moving Up

AngloGold Ashanti (NYSE:AU), Paramount Gold and Silver Corp (AMEX:PZG), Demand Media Inc. (NYSE:DMD), Responsys Inc (NASDAQ:MKTG), and Polo Ralph Lauren Corp (NYSE:RL) making major positive moves today.

Responsys Inc. (MKTG) was up by over 14 percent today. The company was trading at $14.55, gaining $1.55, or 11.92 percent.

AngloGold Ashanti (AU) is soaring over 4 percent today. It was trading at $44.80 as of 2:37 PM EDT, up by 4.48 percent. Over 4 million shares have traded hands.

Demand Media Inc. (DMD) was trading at $9.25, rising $0.27, or 3.01 percent. It has traded as high as $10.43. About 2 million shares have exchanged hands.

Paramount Gold and Silver Corp (PZG) has climbed by $0.36, jumping $0.36, or 15.52 percent.

Polo Ralph Lauren Corp (RL) was trading at $130.10, gaining $10.25, or 8.55 percent. Volume has reached over 4,700,000 on the day.

Miners (IVN) (IAG) (AEM) (PZG) (KGC) Trade Up

Shares of Ivanhoe Mines Ltd. (NYSE:IVN), IAMGOLD Corporation (NYSE:IAG), Agnico-Eagle (NYSE:AEM), Paramount Gold and Silver (AMEX:PZG) and Kinross Gold Corp (NYSE:KGC) all traded up on Wednesday as gold and silver prices climbed on the day.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

Ivanhoe Mines Ltd. (NYSE:IVN) closed at $25.27, gaining $1.63, or 6.90 percent.

Paramount Gold and Silver (AMEX:PZG) Jumps

Shares of Paramount Gold and Silver (AMEX:PZG) closed up over 4 percent Monday, while gold prices were down slightly on the trading day.

Gold for June delivery shed $3 to close at $1,490.60 at the Comex division of the New York Mercantile Exchange. The gold price Monday traded in a range of a low of $1,486 and a high of $1,504.30.

Silver prices ended the day down 88 cents to close at $34.13 an ounce.

The U.S. dollar index fell 0.43 percent to $75.38.

The euro strengthened as Monday trading went on, putting pressure on the U.S. dollar.

Paramount Gold and Silver Corp. participates in the acquisition, exploration, and development of gold, silver, and precious metal properties in the United States and Mexico.

Paramount Gold and Silver closed at $2.79, gaining $0.12, or 4.49 percent.

Kinross (KGC) (AUY) (NXG) (AEM) (PZG) Trade Down As Gold Drops

Gold and silver prices went through a reversal Friday as gold closed down and silver rebounded to close higher, putting pressure on gold miners such as Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), Northgate Minerals (AMEX:NXG), Agnico-Eagle (NYSE:AEM) and Paramount Gold and Silver (AMEX:PZG) - which closed down - and gold ETFS.

Gold for June delivery fell $13.10 to close at $1,493.60 at the Comex division of the New York Mercantile Exchange. The spot gold price was down by about $13 an ounce. Silver prices settled up 21 cents to $35.01 an ounce.

The U.S. dollar index was up 0.74 percent to $75.75 as the euro continued to get hammered on the sovereign debt crises in Europe. The euro plunged 1.7 percent last week as Greece was again in the spotlight for the need to probably be bailed out again, as it appears the country refuses to implement austerity measures to deal with the situation, as it, along with numerous countries, has made progressive, socialists promises they aren't able to keep.

Besides the long-term collapse of the U.S. dollar and the European sovereign debt crises, other factors offering support to gold include tightening in China, inflation, and unrest in the middle east.

Yamana closed Friday at $11.80, down $0.18, or 1.50 percent.

Miners (GOLD) (ANV) (EGO) (PZG) (NCMGY) Trade Up as Gold, Silver Rebound

Gold miners Randgold (NASDAQ:GOLD), Allied Nevada Gold (AMEX:ANV), Eldorado Gold Corporation (NYSE:EGO), Paramount Gold and Silver (AMEX:PZG) and Newcrest Mining (OTC:NCMGY.PK) closed up Monday as gold prices turned around on Monday.

Gold for June delivery increased $11.86 to settle at $1,503.20 at the Comex division of the New York Mercantile Exchange after dropping 4.8 percent in a week. The gold price Monday traded in a range as high as $1,512 and as low as $1,489.

Silver prices jumped $1.82 to close at $37.11 an ounce after plunging 27 percent last week.

According to research firm Lipper, last week almost $1 billion flowed out of silver exchange traded funds (ETFs).

Paramount Gold and Silver (AMEX:PZG) closed Monday at $2.99, gaining $0.16, or 5.65 percent.

Top AMEX Gainers (RIC) (EXK) (HDY) (MGH) (PZG) #1-5 on May 6

The top AMEX gainers (1-5) - as measured by percentages Friday on the American Stock Exchange - include Richmont Mines, Inc. (AMEX:RIC), Endeavour Silver Corporation (AMEX:EXK), HyperDynamics Corporation (AMEX:HDY), Minco Gold Corporation (AMEX:MGH) and Paramount Gold and Silver Corporation (AMEX:PZG).

Richmont Mines, Inc. (RIC) closed Friday at $7.72, up $0.57, or 7.97 percent.

Endeavour Silver Corporation (EXK) ended the day at $9.30, up $0.68, or 7.89 percent.

HyperDynamics Corporation (HDY) closed at $3.58, gaining $0.26, or 7.83 percent.

Minco Gold Corporation (AMEX:MGH) closed at $2.16, rising $0.15, or 7.51 percent.

Paramount Gold and Silver Corporation (PZG) closed Friday at $2.83, climbing $0.16, or 5.99 percent.

Paramount Gold and Silver (AMEX:PZG) Soars on San Miguel Discovery

Among small cap stocks, Paramount Gold and Silver Corp. (AMEX:PZG) was among the top three performers in the segment last week, soaring almost 44 percent on the discovery of significant new resources at San Miguel.

It is located in one of the hottest mining spots in the world: Sierra Madre Occidental, which is loaded with gold and silver.

What's impressive about this isn't only the discovery, but the fact Paramount stuck with their strategy of working in the areas of proven reserves discovered by other miners.

In this case it appears their new "discovery" is in fact an extension of the Palmarejo geological structure which Coeur d'Alene Mines' (NYSE:CDE) works.

So far there has been positive identification of 550 meters strike length, and is estimated to probably have another 200 meters more to it.

When contrasted with Palmarejo, gold and silver yields in some parts are reportedly far higher than the 1.86 grams a ton there. One drill hole has produced 590.4 grams of silver a ton and 6.53 grams of gold a ton.

Paramount closed Friday at $2.59, up $0.75, or 40.76 percent. Volume was over double the 3-month daily average.

Ivanhoe (NYSE:IVN), Paramount (AMEX:PZG), Northgate (AMEX:NXG), Aurizon (AMEX:AZK) Finish Positive on Down Day

Ivanhoe Mines (NYSE:IVN), Northgate Minerals (AMEX:NXG), Aurizon Mines (AMEX:AZK) Paramount Gold and Silver Corp. (AMEX:PZG) all managed to finish positive on an otherwise slow day, as most gold miners and miners in general were down.

Gold prices have been under pressure because of low inflation and the silly notion the European sovereign debt crisis is under control. People will find out about that soon enough, just like the recent reminder when Ireland debt was downgraded.

Some are attempting to prop up the euro, but over the long-term, and probably short-term, it is unlikely to work. Gold had been moving up as the euro went down.

Gold miners and other metal producers have declined with gold prices, but the companies listed here were all able to buck that trend on Wednesday.

Topping the list is one of my favorites for the long term, Ivanhoe Mines, which closed at $17.02 a share, gaining $0.29, or 1.73 percent. Volume was above the 3-month average for the day.

Paramount Gold and Silver Corp., as measured by percentage, was up the most of these four, ending the day at $1.33, gaining $0.06, or 4.72 percent. Volume was just above average for them.

Northgate Minerals finished the session at an even $3.00, increasing $0.09, or 3.09 percent. Northgate traded far above the normal 3-month trading average.

Aurizon (AMEX:AZK) ended the day at $4.90, gaining $0.05, or 1.03 percent. Trading volume for them was below the 3-month average.

Paramount Gold and Silver (AMEX:PZG) Acquiring X-Cal Resources (TSE:XCL)

U.S. exploration company Paramount Gold and Silver (AMEX:PZG) (TSE:PZG) has been hunting for over a year for an acquisition that makes sense to them, and they have found it in Canadian-based gold exploration company X-Cal Resources (TSE:XCL), which they announced they have acquired in a straight stock deal for $30.4 million.

Paramount's existing projects are in Mexico, while the primary holding of X-Cal Resources is the Sleeper gold project in Nevada.

The newly merged company, assuming shareholder approval, will focus on getting the Sleeper project.

"They have a program to spend between $4 million and $10 million on that property over the next 18 months to bring it back to the point where it can be developed," said one source.

The Sleeper project has an estimated million ounces of gold in it.

Paramount Gold and Silver Corp. Completes $2,000,000 Financing with the MineralFields Group

Paramount Gold and Silver Corp. (TSX: PZG)(NYSE-A: PZG)(AMEX: PZG)(FRANKFURT: P6G)is pleased to announce a private placement of CDN$2,000,000 through the sale of 3,636,363 units at $0.55 each to the MineralFields Group. Each flow through unit is comprised of one restricted common share and one share purchase warrant exercisable for a period of two years from closing at a price of $1.00 per share during the first year and $1.25 during the second year. First Canadian Securities received commission of 5% of the proceeds and warrants for acting as agent in the financing.

"We are very pleased to be entering into this relationship with MineralFields Group", said Christopher Crupi, CEO. "This is an important milestone in the growth of Paramount Gold and Silver Corp. and we look forward to working with MineralFields Group as we develop our projects in Canada.

Paramount Gold and Silver Corp. has also executed an agreement to acquire an interest in the Vidette Lake Gold Mine located in British Columbia, Canada and continues to look at other properties of interest. Further details regarding Paramount is available at www.paramountgold.com.

MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com.

Contacts:
Paramount Gold and Silver Corp.
Christopher Crupi
CEO
613-226-9881

Paramount Gold and Silver Corp. Reports High Grade Gold Assays at Clavo 66 (11.35 g/t Au Over 3.5 Metres)

CHIHUAHUA, MEXICO, Oct 10, 2008 (MARKET WIRE via COMTEX) -- Paramount Gold and Silver Corp. (CA:PZG) (PZG:Paramount Gold and Silver Corp) (FRANKFURT: P6G)(WKN: A0HGKQ) has received the assays from drill hole LU-18 from the heart of Clavo 66, which intersected the main mineralized structure at a depth of approximately 80 meters from the surface drilled to expand the resource. The structure contained a 3.52 meter (true width) intercept of 11.35 g/t gold with additional 1.48 to 1.85 g/t Au Eq. mineralization for approximately 2 meters in the hanging wall and 1 meter in the footwall.

Highlights are below (visit www.paramountgold.com for further details):
---------------------------------------------------------------------------
Grade
Thick-
ness
Gold Gold
Inter- True Equiv. Equiv.
Hole From To val Width Gold Silver (i) (i) Pb Zn
---------------------------------------------------------------------------
Number (m) (m) (m) (m) (g/t) (g/t) (g/t) (g x m) % %
---------------------------------------------------------------------------
LU-18 108.00 108.85 0.85 0.80 0.06 65.0 1.36 1.09 3.63 4.89
---------------------------------------------------------------------------
110.85 112.00 1.15 1.08 1.08 9.0 1.26 1.36 0.10 0.23
---------------------------------------------------------------------------
117.00 119.00 2.00 1.88 1.80 3.0 1.85 3.47 0.03 0.15
---------------------------------------------------------------------------
119.00 122.75 3.75 3.52 11.35 13.0 11.62 40.92 0.14 0.63
---------------------------------------------------------------------------
122.75 123.75 1.00 0.94 1.48 0.0 1.48 1.39 0.01 0.04
---------------------------------------------------------------------------
156.00 157.00 1.00 0.94 0.78 1.0 0.80 0.75 0.00 0.01
---------------------------------------------------------------------------
177.00 180.00 3.00 2.82 0.57 1.0 0.59 1.66 0.00 0.01
---------------------------------------------------------------------------
180.00 181.00 1.00 0.94 2.28 5.0 2.38 2.23 0.00 0.01
---------------------------------------------------------------------------
(i) Calculated at Ag/Au = 50


Larry Segerstrom, COO of Paramount Gold and Silver Corp., commented, "LU-18 is very encouraging in its confirmation of the continuity of thick high gold mineralization at Clavo 66 and supports Paramount's decision to proceed to prefeasibility studies at Clavo 66."

Also reported is important drill hole SJ-13, which was drilled to test a geophysical anomaly below surface mineralization in the San Jose area. Surface mapping and earlier drilling indicated that the mineralized zone generally dips east. However, there are some veins at the surface that also dip west, towards a strong geophysical anomaly. Drill hole SJ-13 confirmed that veining dips west. The geophysical anomaly appears to be owing to the steep side of a shallow intrusion that underlies the San Jose area to the immediate east at a much higher level than where it was intersected in this hole. Further drill testing is planned in this area.

Quality Control

Paramount takes detailed digital photos of the entire core before it is cut by saw to half core which is assayed at ALS Chemex's Vancouver laboratory. As part of quality assurance, quality control (QA/QC), Paramount has put into place a detailed program of periodically introducing certified standards, blanks and duplicates into the sample stream. Half-core samples are being retained on site for verification and reference purposes.

The qualified person who has reviewed this news release is Dana C. Durgin, M. Sc. Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886).

Paramount Gold and Silver Corp. is the operator and 100% owner of the San Miguel Project.

Contacts:

Paramount Gold and Silver Corp.
Larry Segerstrom, COO
866-481-2233 / 613-226-9881

Paramount Gold and Silver Corp.
Chris Halkai, Investor Relations
866-481-2233 / 613-226-9881


SOURCE: Paramount Gold and Silver Corp.
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