Latest gold and precious metals news

BMG launches gold bullion fund (Investment Executive)

Bullion Management Group Inc. (BMG) has expanded its line of precious metal bullion funds with the launch of BMG Gold BullionFund, the company said Monday.

Gold Bullion Drilling Confirms Extension of Granada Gold Mine Mineralization (Marketwire)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - Gold Bullion Development Corp. (TSX VENTURE:GBB) (the "Company" or "Gold Bullion") is pleased to announce additional assay results from its first two phases of drilling at the Granada Gold Mine, located six kilometers south of Rouyn-Noranda, Quebec. Gold Bullion's drilling at the Granada Gold Mine, located along the prolific "Cadillac ...

Gold Bullion Drilling Confirms Extension of Granada Gold Mine Mineralization (CCNMatthews via Yahoo! Finance)

VANCOUVER, BRITISH COLUMBIA-- - Gold Bullion Development Corp. is pleased to announce additional assay results from its first two phases of drilling at the Granada Gold Mine, located six kilometers south of Rouyn-Noranda, Quebec.

Bullion Management Group Inc. launches gold precious metals fund: BMG Gold BullionFund (CNW Group via Yahoo! Finance)

Bullion Management Group Inc. has expanded its line of precious metal bullion funds with the launch of BMG Gold BullionFund. The new fund invests exclusively in uncompromised physical gold bullion and is designed for investors seeking a core holding that offers long-term security and potential capital growth.

Is Washington's tax exemption on bullion a gold mine? (Seattle Times)

Ending special-interest tax breaks is an increasingly popular rallying cry for Democrats in the Legislature as they search for cash to plug a $2.6 billion shortfall and avoid deep cuts to government services. But as lawmakers have discovered before, it's much easier said than done.

IIROC: Resume, Gold Bullion Dev Corp. (Marketwire)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - The following issue(s) will resume trading on the TSXV today: /

IIROC: Halt, Gold Bullion Development Corp. (Marketwire)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - The following issue(s) have been halted on the TSXV today: /

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Silver Expected To Follow Gold Prices And To Rally Faster: Industrial Use Of Silver To Be The Price Foundation As ... (Wall Street Transcript via Yahoo! Finance)

67 WALL STREET, New York - February 8, 2010 - The Wall Street Transcript has just published its Gold & Precious Metals, Base Metals and Non Metals Mining Report offering a timely review of the sector to serious investors and industry executives. This 04 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The ...

Gold Seeker Closing Report: Gold and Silver Gain Over 1% (GoldSeek.com)

Gold extended last week’s late after hours access trade gains and rose to as high as $1073.70 in late Asian trade before it fell back off in London and dropped to as low as $1061.50 by about 9:30AM EST in New York, but it then chopped its way back higher into the close and ended with a gain of 1.24%. Silver climbed to $15.305 and dropped to $14.92 before it also rallied back higher and ended ...

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Nearly 3% and 9% on the Week, But Miners Gain 4% (GoldSeek.com)

Gold rose $4.47 to $1067.37 in Asia before it plummeted to see a loss of $13.63 at as low as $1049.27 by a little before 4AM EST and then chopped its way back higher in London and New York to see only slight losses by late morning, but it then fell to a new session low of $1044.50 midday and ended with a loss of 1.00%. Silver fell as much as $0.76 to $14.46 by a little before 12AM EST before it ...

Gold Gains Most in a Week as Halt in Dollar Rally Spurs Demand (Bloomberg)

Feb. 8 (Bloomberg) -- Gold gained the most in a week as a halt in the dollar’s rally may increase demand for the metal as an alternative investment. The U.S. Dollar Index , a six-currency gauge of the greenback’s strength, fell as much as 0.4 percent after last week climbing to the highest level in almost seven months.

SNS Silver Continues to Hit Mineralization at Emerald Lake Gold Project (Marketwire)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2010) - SNS Silver Corporation ("SNS" or the "Company") (TSX VENTURE:SNS) is pleased to provide an update of the progress on its Emerald Lake Gold Project. The results have been received from the multi-phase geophysical survey completed as a precursor to the drilling program, and the preliminary interpretation of the data has been completed, a ...

Gold Gains in New York as Halt in Dollar’s Rally Spurs Demand (Bloomberg)

Feb. 8 (Bloomberg) -- Gold gained from a three-month low in New York as a halt in the dollar’s rally increased demand for the metal as an alternative investment.

Gold Advances for a Second Day in London as the Dollar Weakens (Bloomberg)

Feb. 8 (Bloomberg) -- Gold gained for a second day in London as a halt in the dollar’s rally increased demand for the metal as an alternative investment.

SNS Silver Continues to Hit Mineralization at Emerald Lake Gold Project (CCNMatthews via Yahoo! Finance)

VANCOUVER, BRITISH COLUMBIA-- - SNS Silver Corporation is pleased to provide an update of the progress on its Emerald Lake Gold Project. The results have been received from the multi-phase geophysical survey completed as a precursor to the drilling program, and the preliminary interpretation of the data has been completed, a more detailed review continues.

Gold Seeker Closing Report: Gold and Silver Fall Over 4% and 5% (GoldSeek.com)

Gold and silver traded just slightly lower in Asia and London before they both fell off markedly in New York trade and gold ended near its low of $1060.03 with a loss of 4.35% while silver ended near its low of $15.29 with a loss of 5.75%.

Global X's Planned Gold, Silver Miners ETFs Will Face Stiff Competition (Seeking Alpha via Yahoo! Finance)

Michael Johnston submits: Over the past six months, New York-based Global X has introduced a line of sector-specific China ETFs , many of which have already seen impressive cash inflows and daily trading volumes. Now the upstart ETF issuer is turning its attention to commodities, filing for approval on four funds tracking indexes composed of mining stocks. The ETFs include: Global X Copper ...