Item 2.02 Results of Operations and Financial Condition.
On November 7, 2008, U.S. Global Investors, Inc. issued a press release reporting earnings and other financial results for the quarterly period ended September 30, 2008. A copy of the press release is attached and being furnished as Exhibit 99.1.
Item 8.01 Other Events
On November 6, 2008, effective immediately, U.S. Global Investors, Inc. terminated its relationship with Endeavour Financial Corp. as the subadviser to its equity portfolio. As the investment adviser, U.S. Global Investors, Inc., was paid a monthly advisory fee based on the net asset value of the portfolio and an annual performance fee, if any, based on a percentage of consolidated net income from operations in excess of a predetermined percentage return on equity. Item 9.01 Financial Statements and Exhibits Exhibit 99.1 - Press Release issued by U.S. Global Investors, Inc. dated November 7, 2008, reporting earnings and other financial results for the quarterly period ended September 30, 2008.

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