SilverCrest President Taking Leave Of Absence, Interim President Appointed

SilverCrest Mines Inc. (TSX:SVL)(NYSE:MKT:SVLC) says N. Eric Fier, president and chief operating officer, will be taking a partial leave of absence to deal with personal health matters.

Gold Backs Down from Daily High as Outside Markets Turn Bearish

U.S. CPI Falls 0.7% In January

(Kitco News) – Lower gasoline prices continue to ease consumer price pressures in January, according to the latest data from the Department of Labor.

U.S. Weekly Jobless Claims Rise To 313K

(Kitco News) – First-time weekly jobless claims in the U.S. rose by 31,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Thursday.

Gold Solidly Higher On More Short Covering, Bargain Hunting and Physical Demand

Gold prices are posting good gains in early U.S. trading Thursday.

The 6PM Recap With Gary Wagner: Another Turn

The investing world again today is hanging on what Janet Yellen, Chairwoman of the Fed, says in Congressional hearings, this time in front of a House panel. Is anyone seriously thinking she will change her tune from yesterday? From the FOMC minutes released last week? Or the press statement issued in late January? What’s the issue, boys and girls?

Bounce for Gold on Short Covering, Bargain Hunting and Some Physical Demand

Gold prices ended the U.S. day session modestly higher Wednesday, supported by short covering in the futures market, bargain hunting in the cash market, and on some fresh demand for physical gold coming out of Asia. The weaker U.S. dollar index and fi…

BBH: Greece Still Has Tall Order To Secure Funding Past April

Although the market has focused on the fact that Greece managed to extend its emergency funding for another four-months, analysts at Brown Brothers Harriman (BBH) say the country still faces some difficult hurdles. They note that the biggest difficulty will come from within Greece itself. “It is in the next two months that the Greek government needs to pass the enabling legislation to enact the reforms. This is indeed a tall order,” they say. “Although nearly all the reports have underscored that Greece’s aid program was given a four-month extension, we think it is more realistic to focus on the end of April review.”

Mining Needs Exploration; No Magical Force Will Bail It Out – Mark Bristow

(Kitco News) – If you’re looking for some magical white knight to appear out of the blue and help out the gold mining sector, you’re going to be waiting a while, according to one mining executive.

Boost In Eurozone Gold Reserves Not A Major Impact For Gold – Market Analysts

Analysts aren’t reading too much into the fact that gold reserves in the eurozone increased in January, according to data released from the International Monetary Fund (IMF).