BullMarketRun.com

Welcome to our site, or at least a sneak preview of it!  The final version may look much different than this as we continue to develop a very unique investment and money-management resource site.  An important component of this site is original research on small and undiscovered junior resource companies, mostly in the gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop.

Disclaimer:

BullMarketRun.com is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company.  We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions.  The stocks we cover, by definition, are highly speculative and potentially very volatile.  Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

Adventure Gold (AGE, TSX-V) is an attractive pure Gold play that we first brought to the attention of our readers when it was in the low 20’s late last month, shortly after the company announced it had acquired a strategic land position at the Granada Property in northwestern Quebec.  There’s a lot to like about Adventure Gold and we’ve been tracking the stock closely the last several weeks.  The stock climbed as high as 37 cents early this month and has since found support in the low 30’s.  We’re pleased to announce we’ve added the company to the BMR Portfolio this morning.  We’ll have more on the fundamentals of AGE in the very near future but first John examines Adventure Gold’s very interesting chart:

John: Yesterday, Adventure Gold (AGE, TSX-V) opened at 32 cents, its low for the day, and closed at its high of 34 cents on very low CDNX volume of 69,000 shares.  The stock was down a penny on the day. With the across- the-board weakness in all markets yesterday, trading for AGE was a non-event. There is increased volume this morning and the stock has traded between 33 and 34.5 cents.  BMR has added AGE to its Portfolio at 34 cents.

Looking at the 3-month daily chart we see that 3 sessions ago the stock price broke out of a bullish downsloping wedge, a consolidation pattern, to the upside and then Tuesday a solid white shaved candle shows the share price moved up to close at 35 cents.   With yesterday’s volume so light and with markets displaying weakness, any bearishness in yesterday’s trading should be ignored.

The EMA(20) moving average provides solid close bullish support at 31 cents, thus the stock price at 34 cents has plenty of room to move up without getting too far from the moving average to be at an unsustainable level.

Two sets of Fibonacci levels are shown. The blue set shows the first target at 38 cents which was almost reached when AGE rose to 37 cents on October 2.  The second set (green) indicates the next Fibonacci target is 53 cents.  As stated the volume yesterday was low and we also see that the volume on all the down days has been less than the volume on the up days. This is very bullish because volume must be in the same direction as the trend for the trend to be sustained.

Looking at the indicators: The RSI is bullish, above 50% at the 60% level and flat. This is to be expected coming out of a consolidation pattern.

The Chaikin Money Flow (CMF) has had bullish buying pressure at .24 since the major move from 26 cents to 37 cents.   This is very bullish.

The ADX trend indicator has the +DI (green line) at 28 and above the -DI (red line) at 12 in bullish orientation. The ADX (black line) trend strength indicator is high at 41 but flat indicating a constant strong bullish uptrend.

Outlook: AGE’s chart indicates that we can expect the stock price to continue to move up in the near future toward the next Fibonacci target of 53 cents.

Gold is firmer today with the U.S. Dollar going into retreat again…as of 8:20 am Pacific, the yellow metal is ahead $10 an ounce to $1,335…it has traded within a range so far today of $1,322 and $1,338…Silver is up 24 cents to $23.80…the U.S. Dollar Index has fallen sharply to 77.28 after climbing just above 78.20…there is plenty of speculation as to what next week will bring in the markets with action from the Fed and the Congressional elections…we’ll explore those issues in more detail in our regular weekend feature, The Week In Review And A Look Ahead…Gold Bullion Development (GBB, TSX-V) is trading between 58 and 59 cents this morning with the market anticipating the imminent closing of the the company’s $8 million financing…with the private placement out of the way, we’re expecting a much more exciting November than October for Gold Bullion…the video released by GBB the other day was an important signal to the market, in our view, and served to put the “big picture” back into focus for investors…things are brewing in the Gold space for Greencastle Resources (VGN, TSX-V) which is why we’ve put the company back into the BMR Portfolio…our interview yesterday with VGN President and CEO Tony Roodenburg was very informative and revealing…Roodenburg made it clear the company is getting very active again in the Gold exploration business after just sitting on some Gold assets and doing nothing in that sector for the past few years…Greencastle has completed initial geophysical work at its newly acquired property near Richfield Ventures’ (RVC, TSX-V) Blackwater Project in central British Columbia, and Roodenburg stated the company is looking for an “advanced” property, “likely in the Americas”, to supplement its Blackwater-area property and two highly prospective properties in Nevada (Indian Creek and Jewel Ridge) it intends to reactivate…Greencastle is up 1.5 cents this morning to 15.5 cents where its market capitalization of $7 million is just barely above its cash value of slightly better than $6 million…the company has regular monthly cash flow of $125,000 from an oil royalty that was valued at $5.2 million by an independent engineering firm a year ago…we were also pleased to hear that Roodenburg intends to ramp up IR work with Greencastle…technically, the stock is looking strong with improved volume, a 100-day moving average that’s now on the upswing, and a 50-day SMA that has crossed above the 200-day SMA…Greencastle has shown an ability in the past to run quickly and very hard…the current risk-reward ratio is very attractive…BMR will be interviewing Currie Rose Resources’ (CUI, TSX-V) President and CEO Harold Smith later today…that interview will be uploaded to our site by tomorrow morning…CUI has pulled back to support in the 15 to 16 cent range…we see an excellent opportunity for a near-term discovery by Currie Rose as it drills its highly prospective Sisu River Property at its Mabale Hills Project in Tanzania…we confirmed with Smith yesterday that drilling has indeed started at Sisu River and is proceeding as planned…the initial (Phase 1) 3,000 metre RC drill program will punch approximately 25 holes into the Sisu River quartz porphyry anomaly to depths of about 100 to 125 metres…the impressive Gold showings at Sisu River confirm a technical report from several years ago that stated the property contains “significant ‘in-situ’ mineralization”…the current drill program is designed to test the extent of that mineralization…Currie Rose made a significant discovery a few kilometres south of Sisu River (Mwamazengo) in 2005, and that’s a property the company intends to revisit as it ramps up exploration efforts in the region…

With the CDNX having jumped a whopping 41% in three months, it’s not easy finding a company active in the Gold exploration business, generating regular monthly cash flow, and trading at cash value.  Which is why it’s so important to listen to BMR’s 11-minute interview (below) with Greencastle Resources’ (VGN, TSX-V) President and CEO Tony Roodenburg.  Something very important has changed with Greencastle in the last couple of weeks that investors haven’t fully grasped the significance of yet.

Roodenburg has confirmed with BMR that after a few years of inactivity in the Gold sector, Greencastle is about to make some noise.  Two weeks ago the company announced it had acquired an option to purchase a 100% interest in a property covering 13,000 hectares (28 claims) in the Nechako Plateau region of British Columbia, on trend with Richfield Ventures’ (RVC, TSX-V) potential multi-million ounce Blackwater Project that we have written about extensively at BMR over the past 10 months.  In and of itself, Greencastle’s property agreement was important but nothing to get overwhelmingly excited about.  What is worth getting excited about is that this announcement represented a change in direction for the company, a return to being an active player in the Gold exploration space after just watching from the sidelines the last few years.

To demonstrate its seriousness, Greencastle has already completed a detailed heliborne magnetic and electromagnetic geophysical survey over its newly-acquired property near Blackwater within just two weeks after announcing the deal.

In Nevada, Greencastle is sitting on two very promising Gold properties strategically located on the Battle Mountain Trend – Indian Creek and Jewel Ridge – that the company now appears determined to unlock the value of as Roodenburg suggested in our interview.  Greencastle’s most recent MD & A stated, “The Company is actively seeking other projects to create shareholder value.”  Indeed that’s the case as Roodenburg indicated Greencastle is currently looking at acquiring a fourth Gold property, “likely in the Americas”.

What all this means, we believe, is that Roodenburg has decided to “seize the moment” and is positioning Greencastle to reap the maximum benefit from higher Gold prices and a robust market for junior Gold stocks.

At just 14 cents per share, today’s closing price for Greencastle and its average closing price for the last 5 trading sessions, the company’s market capitalization is $6.3 million which essentially matches its current working capital.  No value is therefore being attributed to Greencastle’s Gold assets and that means opportunity from an investor’s point view of view.  An oil royalty that was valued at $5.2 million by an independent engineering firm a year ago brings Greencastle at least $125,000 per month in revenue.

Technically, the stock is showing signs it’s ready to move higher.  The 100-day moving average reversed to the upside this month after being in decline since March, and the 50-day SMA has now just slightly crossed over the 200-day SMA which is the infamous “golden cross”.

There is a new golden opportunity in our view with Greencastle Resources.  For investors who like to keep risk to a minimum but still enjoy significant capital appreciation potential (this writer being one of them who also holds 75,000 VGN shares), now is the time to be taking a serious look at this company.

To listen to our interview with Roodenburg, please click on the link below (in Part 2 of our interview, to be uploaded sometime Thursday, Roodenburg discusses his other company, Seafield Resources):

BMR Greencastle Resources Interview

Greencastle Resources (VGN, TSX-V) is becoming active once again in the Gold exploration sector, the trigger for us in adding Greencastle at 14 cents as the eighth stock in the BMR Portfolio.

The risk-reward ratio with Greencastle is extremely attractive.  The company is trading at cash value and the stock is looking stronger from a technical point of view with a reversal in its 100-day moving average along with an increase in volume this month.  The company appears determined to make some noise in the Gold exploration space and they’ve proven they have the ability to make that happen.

Markets are soft across the board today which means it’s a good day to look for bargains…Gold dropped to the $1,320 level again, an area of support, and as of 8:45 am Pacific the yellow metal is at $1,324 for a loss of $16 on the day…Silver is down 33 cents to $23.53 while the U.S. Dollar Index has climbed one-third of a cent to 78.02…the CDNX, which recovered strongly yesterday after a negative opening, is currently off 15 points to 1893 in sympathy with losses elsewhere…until some warning bells start ringing, which hasn’t happened yet, one has to maintain the proven successful strategy the last few months of buying into any weakness in the market…Gold Bullion Development (GBB, TSX-V) is showing signs of renewed strength…the company released a video yesterday that seems to underscore very effectively the “big picture” at Granada and the major blue sky potential of the LONG Bars Zone…the timing of the video is interesting and suggests to us the company is very confident regarding Granada and that everything is on track…GBB’s $8 million private placement is expected to close any day now and there’s every reason to believe there should be a steady flow of drill results over the final 2 months of the year…GBB is up a penny at the moment to 58 cents…we’re very intrigued by a company drilling in Tanzania right now, Currie Rose Resources (CUI, TSX-V), which is targeting an interesting anomaly at its Sisu River Gold Property – part of its highly prospective Mabale Hills Project…Sisu River is only a few kilometres northeast of CUI’s Mwamazengo discovery that returned some exceptional near-surface results several years ago including 63 metres grading 2.59 g/t Au and 31 metres of 5.97 g/t Au…Mwamazengo remains open at depth and warrants considerable additional exploration which Currie Rose is anxious to do, but first the company is going after another potential discovery at Sisu River where significant Gold mineralization is known to exist…the current 3,000 metre RC drill program is designed to determine the extent of that mineralization…CUI is in the process of drilling approximately 25 holes to depths of 100 to 125 metres in a 1st phase program…the company holds a large land package in the Lake Victoria Greenstone Belt and we’re also excited about its Sekenke joint venture which covers the strike extensions of 2 former producing mines as well as the ground between them…we’ll be interviewing CUI President and CEO Harold Smith tomorrow as an audio interview that we’ll be uploading to the site by Friday morning…CUI is currently unchanged at 16.5 cents…today we’re looking forward to a conversation with Seafield Resources (SFF, TSX-V) President and CEO Tony Roodenberg, an interview we expect to upload by sometime tomorrow…we hope Roodenberg can share some light on what’s happening with Seafield’s Quinchia Project in Colombia…we’re also intrigued again with Greencastle Resources (VGN, TSX-V) which just recently re-entered the Gold exploration space after a 3-year absence…at 14 cents Greencastle is trading at cash value and we believe Roodenburg is working on unlocking the value of the company’s Gold assets…

There is no question that Currie Rose Resources (CUI, TSX-V) is exploring in a highly prospective geological environment in Tanzania.  Their large land package in the Lake Victoria Greenstone Belt is surrounded by some major mines and deposits.  And the company has already proven it is very capable of making a significant discovery – five years ago Currie Rose intersected exceptional near-surface Gold mineralization (the Mwamazengo Discovery) at its Mabale Hills Project including 63 metres grading 2.59 g/t Au and 31 metres of 5.97 g/t Au.  Currie Rose is going to revisit Mwamazengo, which clearly warrants considerable additional exploration, but first they’re going after a target (Sisu River) just a few kilometres to the northeast of Mwamazengo that we believe holds excellent potential for a discovery that could really ignite this company and re-energize its mission in Tanzania.

A 3,000 metre RC drill program is currently in progress at Sisu River where “significant ‘in-situ’ Gold mineralization” exists according to a 2005 Technical Report.  Sisu River has never been fully or properly explored and the current drill program is expected to deliver some answers regarding this property, in particular the extent of the Gold mineralization.  The Sisu River target is hosted within felsic volcanic rocks generally considered to be favorable hosts for Gold in greenstone belts around the world.  Rock chip sampling by a previous operator returned values as high as 553 g/t Au.  Random grab samples recently collected by Currie Rose’s geologist, over an area 150 metres by 30 metres, also returned interesting numbers with 6 of 13 results grading better than 5 g/t Au including one as high as 89 g/t Au.  Gold is present at Sisu River and it’s close to surface (artisanal miners made their own discovery there about a year ago).    Currie Rose has a well thought out drill plan and the first round will blanket the anomaly with 25 or so holes drilled to depths of approximately 100 to 125 metres.  Of course there are never any guarantees in this business, but we like the odds of a “hit” at Sisu River.  The potential clearly exists.

There is much more to like about Currie Rose and we’ll be exploring this very interesting company in detail in an audio interview with President and CEO Harold Smith that we’re conducting tomorrow.  We’ll have it uploaded to our site by late evening tomorrow or early Friday morning.  Currie Rose has 79 million shares outstanding, $1 million cash in the bank, and a market cap of $13 million based on yesterday’s closing price of 16.5 cents.  For speculative investors this a company definitely worthy of serious consideration and due diligence.  The stock recently broke out of a horizontal trend channel and has an attractive chart as outlined by BMR’s Technical Analyst below:

John: Yesterday, CUI opened at 17 cents, drifted to a low of 15.5 cents, climbed as high of 17.5 cents and then closed at 16.5 cents, down half a penny on total CDNX volume of 841,000 shares.

Looking at the 6 month daily chart we see that CUI suddenly came to life at the end of July after several months of listless trading in the 4 to 6 cent range. On August 18, with a huge relative volume of over 7 million shares, it broke above the 7 cent resistance level and traded as high as 10 cents.   Since that time it has traded in an upsloping channel denoted by a blue top line (resistance) and a green lower line (support). Note that the trading pattern is such that major “up” moves in the channel are made in 1 or 2 days on higher than average volumes with consolidation periods interspaced.

I have drawn a resistance band between 17 cents and 20 cents (2 thin horizontal lines) which is pivotal resistance from 2 previous highs in August, 2008, and October, 2009.   Two sets of Fibonacci levels (blue horizontal lines) are shown indicating 2 targets – 1 at 20 cents which coincides with the resistance band and the other at 30 cents.

Looking at the indicators: The RSI looks strong at 67% with room to move up without becoming overbought – bullish.

The Chaikin Money Flow (CMF) indicator has become bullish in the last 4 sessions after spending 12 sessions consolidating (brown – below zero).  This shows buying pressure is picking up – bullish.

The ADX trend indicator looks very strong with the +DI (green line) at 32 and above the -DI (red line) at 5. The ADX trend strength indicator (black line) is high at 47, climbing and looking strong.  The indicators are in bullish orientation and have been since the major breakout in July.

Outlook: CUI is looking very bullish with no overbought or extreme conditions.  High volume is required to allow Currie Rose to overcome the resistance band outlined above.

Gold is firming up after some weakness earlier this morning…it has traded within a range today of $1,327 to $1,342…as of 9:07 am Pacific, the yellow metal is back to near its high of the day at $1,341 (up $1 an ounce)…Silver has recovered all of its losses from earlier this morning and is now up 26 cents at $23.90…the U.S. Dollar Index is up nearly a quarter of a cent to 77.56…the result of the Congressional elections next week could be political gridlock in Washington and therefore a Federal Reserve that plays an even more prominent and important role…such a scenario would have to be considered bullish overall for Gold…initially there could be a “sell on news” reaction once the Fed actually initiates more quantitative easing measures (i.e., a bounce in the Dollar) but the CDNX keeps telling us that Gold and commodities are going to climb significantly higher in 2011…the CDNX is currently off 4 points to 1896…Currie Rose Resources (CUI, TSX-V), which we first mentioned at BMR last month when it was sitting at a dime, broke out of a horizontal trend channel yesterday on strong CDNX volume of nearly 2 million shares…CUI got as high as 18 cents and closed at 17 cents, a jump of 3 cents for the day…CUI has pulled back slightly this morning and is currently trading at 16 cents…Currie Rose is no Johnny-come-lately to Tanzania and has assembled a large and highly prospective land package in the Lake Victoria Goldfields (northern Tanzania) which is recognized as a world class Gold region…for some reason this company has been flying “under the radar” of many investors but Currie Rose is now signaling its  intention to get very aggressive in advancing its pipeline of projects in Tanzania…a 3,000 metre RC drill program is now underway at CUI’s Sisu River Gold Property at Mabale Hills…the geology is very favorable for a potential discovery at Sisu River where the company is drilling into a highly silicified, sheared quartz porphyry…this property attracted the attention of several dozen artisinal miners about a year ago…random grab samples collected by CUI’s Tanzanian geologist returned impressive grades (6 of 13 samples exceeded 5 g/t Au with 1 sample at 89 g/t Au)…the Sisu River Property is just a couple of kilometres from CUI’s Mwamazengo Property which warrants considerable additional work to follow up on previous notable high grade intercepts including 63 m of 2.59 g/t Au, 34 m of 3.60 g/t Au, 31 m of 5.97 g/t Au, and 12 m of 9.11 g/t Au…the Mabale Greenstone Belt is thought to be an extension of the prolific Geita Greenstone Belt that hosts the 12 million+ ounce Geita Gold Mine, 80 kilometres to the west of Currie Rose’s Mabale Hills Project…BMR will be interviewing CUI President and CEO Harold Smith this week to explore the Currie Rose story in much more detail…BMR will also be interviewing Seafield Resources‘ (SFF, TSX-V) President and CEO Tony Roodenburg tomorrow, and Gold Bullion’s (GBB, TSX-V) Frank Basa has agreed to an interview with us as well in the near future so things are about to get very busy around here…Seafield is currently off half a penny to 22 cents while Gold Bullion is unchanged at 56 cents…GBB has been quiet and holding steady around its 100-day moving average in recent weeks, likely the calm before the storm…