SOURCE: Wall Street News Alert

Wall Street News Alert

November 02, 2006 08:33 ET

Wall Street News Alert: GSML Is Still on the Move! November 2, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - November 2, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Gold & Silver Minerals (PINKSHEETS: GSML), Coeur d'Alene Mines Corporation (NYSE: CDE), AngloGold Ashanti's (NYSE: AU) and Compania de Minas Buenaventura S.A.A. (NYSE: BVN).

Once again, keep G&S Minerals, Inc. dba Gold & Silver Minerals (PINKSHEETS: GSML) on your radar screens. Yesterday after the stock markets closed, the company, a growing mining company focused on acquiring and developing high quality, low risk resource and energy prospects, issued a press release announcing the appointment of Mr. Brendan D. English, 45, to its Board of Directors.

While the addition of Mr. English to the Board of Directors is significant, the real story for Gold & Silver Minerals is the announcement the company made earlier this week. Wall Street News Alert initiated coverage of the company on Monday, after it announced that it had entered into an Option Agreement on the La Millionaria property with Tara Gold Resources Corp., to earn up to a 55% interest in the property by making certain payments to Tara Gold Resources, issuing 7,000,000 shares, making all remaining underlying payments, and spending at least $3 million over the next 30 months.

The La Millonaria property is a very hot area located in a historic mining district within Mexico's prolific Sierra Madre Occidental gold-silver belt.

During that press release, President and CEO, Mr. Charles Brown commented, "This agreement immediately allows us to begin generating value for our shareholders and creating the potential for positive cash flow."

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Gold & Silver Minerals! On the subject of Mr. English's addition to the Board of Directors, Charles Brown, president and CEO of G&S Minerals, said, "Brendan English is a highly focused executive with a proven track record of success and a strong background in the creation and execution of solutions for every industry. In addition, he brings extraordinary talent, depth and experience in Sales and Marketing management. I believe Brendan will have a significant impact in moving G&S Minerals forward by enhancing our technology, sales and marketing execution efforts."

Added Mr. English, "G&S Minerals has the potential to leverage the experience of its management group and possesses the eagerness to pursue synergistic acquisitions to add long-term value and launch the company into the next phase of growth."

Before the press release was issued, Gold & Silver Minerals stock closed Wednesday at Thirty Six cents a share.

For an in-depth profile of Gold & Silver Minerals, visit

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In case you are not familiar with the company: G&S Minerals, Inc dba Gold & Silver Minerals is a growing mining company focused on acquiring and developing high quality, low risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer short time to production as well as significant upside exploration potential. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, Gold & Silver Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value.

Coeur d'Alene Mines Corporation (NYSE: CDE) down 1.6% on 9.7 million shares traded. Coeur d'Alene Mines Corporation is one of the world's largest publicly traded primary silver producers and has a strong presence in gold.

AngloGold Ashanti's (NYSE: AU) up 0.02% on 1.2 million shares traded. AngloGold Ashanti's is a gold exploration company.

Compania de Minas Buenaventura S.A.A. (NYSE: BVN) up 2% on 646,000 shares traded. Compania de Minas Buenaventura S.A.A. is one of Peru's largest, publicly traded precious metals companies and a major holder of mining rights in Peru.

Market Commentary:

"The economic punch came from several directions: Factory orders in October, the ISM index, Industrial Supply Managers, fell to 51.2% from 52.9% for September. This was the weakest level since June of 2003. Mortgage applications fell by 3% last week from the previous week; applications are down by 11.2% for the past year, as refinance loans are down by 42% from the 2005 peak. Pending home sales dropped by 1.1% in September; these are contracts to buy existing homes. The number is down by 13.6% for the past year; home sales are down 14%, and building permits have plunged by 27%. Too much down economic news for one day," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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