Wits Basin Precious Minerals Inc. (OTCBB: WITM) is a minerals exploration and development company with interests in three exploration projects. The company today announced a joint-venture partnership with a leading international mining and development company for the steel industry, London Mining Plc.

Some players are betting on a short-term reversal in gold with bullish spreads on the GDX.

Industrial Services of America, Inc. (IDSA), a recycler of scrap metals based in Louisville, Kentucky, announced second quarter financial results today during regular trading hours. Revenues increased 77% to $34.5 million compared to $19.5 million for the same period last year. Net income surged 102% year over year to $1.66 million, or 46 cents per share, vs. $822,000, or 22 cents per share.

As the financial services giants get cut down to size, metals are now the biggest source of mergers and acquisitions on Wall Street, according to a report on Bloomberg.