This week saw the type of downside volatility in the precious metals market that will be remembered for years to come. For those of us who have been long gold, and silver in particular, the memories will not be pleasant.

On June 30, 2011 amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) will become effective.

According to public relation of GSI, Dr. Razieh Lak, a manager of marine geology, announced about accomplishment of greatest marine geology investigations in Persian Gulf water bodies and he said:

Weather forecastingIce management Physical and environmental data managementData collected is entered into Provincial Airlines ice management trajectory modeling program.

Gold fell in Europe on Friday after China’s central bank raised lenders’ reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.But physical demand for gold in Asia is still likely to underpin the precious metal, analysts said, with Chinese buyers moving into the market ahead of the Lunar New Year in February.