BullMarketRun.com

We hope everyone enjoyed a wonderful Christmas!…Canadian markets are back in action this morning and the CDNX has rocketed above the 2200 level…as of 8:15 am Pacific, the CDNX is at 2231 for a gain of 44 points…Gold is up another $5 an ounce to $1,411 after a strong rally yesterday fueled by U.S. Dollar weakness and Comex options expiration action in a thin holiday trading market…Silver is ahead 30 cents to $30.59 while the U.S. Dollar Index is off nearly one-third of a point to 80.20…given the CDNX’s out-performance relative to Gold recently, we can’t help but conclude a major new upleg in the yellow metal has either just started or is right around the corner…technically, Gold’s overbought condition has eased considerably this month, paving the way for a fresh push to the upside that could easily take it to new highs…the fact China has raised its benchmark deposit and lending rates again (25 basis points to 2.75% and 5.81%, respectively, on Christmas Day) shows how strong economic growth continues to be in that country which we view as bullish for the markets we follow…continued impressive growth and strong interest in Gold are themes that should prevail in all the emerging markets during 2011…even Oil, which hit a 26-month high of $91.88 this week, is getting into the act…commodities across the board are looking very strong and that’s a huge positive for the CDNX…Gold Bullion Development (GBB, TSX-V), finishing a spectacular year on a strong note, is up 2 pennies to 87 cents…Cadillac Mining (CQX, TSX-V) is unchanged at 39.5 cents while Adventure Gold (AGE, TSX-V) is also unchanged at 46.5 cents…we’ll be reporting extensively on all three, plus others, during our upcoming trip to Rouyn-Noranda which begins a week from today…January could prove to be a very exciting month for Seafield Resources (SFF, TSX-V)…the company has quickly closed its $15 million financing and is now awaiting CDNX approval for that which should be imminent…results from 9 more holes at Miraflores are pending while the first few holes have been completed at the nearby Dos Quebradas Property which is Seafield’s “blue sky” project at Quinchia…armed with nearly $20 million in the bank and properties that clearly hold multi-million ounce potential in a prolific Gold region of Colombia, Seafield is well positioned to be a strong performer in 2011…we like the chart which tells us Seafield has the potential to be a market favorite in January…SFF is currently unchanged at 59 cents…three other situations we like that aren’t part of the BMR Portfolio are Great Panther Silver (GPR, TSX), Everton Resources (EVR, TSX-V) and Troymet Exploration (TYE, TSX-V)…Great Panther, a producer, is a solid pure silver play…Everton is drilling aggressively in the Dominican Republic and the stock has just pulled back to its supporting 50-day moving average at 31.5 cents…and Troymet announced this morning that it’s starting three drill programs early in the New Year, one of them near Richfield Ventures’ (RVC, TSX-V) Blackwater deposit in central British Columbia…