MANHATTAN, NV — (Marketwire) — 11/17/09 — Royal Standard Minerals, Inc.’s (OTCBB: RYSMF) Goldwedge is a permitted gold mining property located in Nye County, Nevada. RYSMF has completed considerable underground development work to evaluate the upper portion of the drill indicated gold system. Concurrently a processing plant was constructed on the property to further test the gold recoveries of the mined material. As a result of this work the company is involved with an equipment upgrade and maintenance program for the Goldwedge plant and the underground facilities. This work includes the removal of current equipment and the reinstallation of a larger capacity grinding circuit in the plant. The purpose of this program is to increase plant throughput and improve reliability of the operation going forward.

The capital requirements for the plant and underground program to advance this project toward full operation is expected to come from current cash, new

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Today we are featuring top-performing “Precious Metals" equity mutual funds, which primarily invest in equity securities companies that are involved in mining of gold and other precious metals. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Precious Metals Equity Funds.

3 Precious Picks

Van Eck International Investors Gold A (INIVX) seeks long-term capital appreciation by investing in common stocks of gold mining companies. The fund was incepted in January 1956.

The fund normally invests at least 80% of total assets in the gold mining industry, with at least 25% of assets invested in gold mining stocks. The fund may invest up to 100% of its assets, or, for temporary defensive purposes, less than 25% of its assets in gold stocks. Randgold Resources Limited, Goldcorp Incorporated and Agnico-Eagle Mines Limited are among its major holdings.

The fund declares and pays dividends in March, June, September and December.

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Bullion and oil appear in the lineup of power players that Doug Casey thinks investors can count on as the world slips deeper and deeper into what he calls the “Greater Depression.” Despite the raging economic storm and Doug’s doubts that Western civilization’s governments will take the actions needed to quell it, though, the Chairman of Casey Research is nowhere close to calling the game. In fact, he sees silver lining in the clouds of crisis—opportunity—and expresses optimism that technological advances, coupled with capital rebuilding once over-consumption runs its course, will prevail eventually. The Gold Report caught up with the peripatetic author, publisher and professional international investor between polo matches in New Zealand, one of several nation-states he calls home from time to time.

The Gold Report: You’ve been discussing what you’re calling “crisis and opportunity,” and in fact have a summit by that same name coming up in Las …

Gold bugs have suffered one of their worst years in history, says Keith Fitz-Gerald. But the US dollar looks increasingly fragile beyond this period of short-term panic buying. And that means the outlook for gold remains strong. Keith says every investor should ensure gold forms part of their investment strategy for 2009.

This from Money Morning:

If you were counting on gold to boost your returns this year, chances are you’ve been cruelly disappointed. In fact, when it comes to gold-related investments, virtually every category is down, making this one of the worst years in history for gold investors.

So, why is it that the largest of the large futures traders have some of the lowest net short positions in years? And what does this tell us about gold prices in the near future?

I’ll get to that in a minute. But first …

What Went Wrong?

In my analysis, I’ve identified the

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Zimbabwe's gold mining industry, Africa's third biggest nine years ago, is fighting with the central bank to pay for the gold the government has bought. Gold mining companies are obliged by law to sell their gold to the central. The central bank owes more than 30 million dollars to the mines. Without the payments, one of the countries most reslient industries stands to go bankrupt.

The commodity “supercycle” isn’t dead, says Justice Litle. Global demand has flat-lined for now, but the fundamental story of emerging market growth has not changed. And low prices are forcing many mines to shut down operations. This means that when demand recovers, it will do so faster than new supplies can reach the market. And that’s when gold will soar past $1,200 an ounce.

More from Justice in Taipan Daily:

Hear ye, hear ye, one and all: The supercycle is dead. Long live the supercycle!

Commodities on the whole have declined nearly 50% from their peak as a result of the credit crisis. This has led some to declare that the “commodity supercycle” – the idea that we are merely in mid-innings of a massive, multi-decade commodity bull market – is defunct too.

I’ll admit it… the

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