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April 9, 2010

BMR Morning Market Musings…

As predicted, gold is now starting to the surge and the party may only have started…gold is ahead $12 as of 9:30 am Pacific time this morning to $1,163, leaving little doubt that it will soon challenge its all-time high of $1,225 an ounce set early last December…the CDNX has jumped 23 points to 1676…in these conditions, Gold Bullion Development (GBB, TSX-V) has the potential to absolutely explode to the upside as speculation builds on new results from Granada and a preliminary resource block model expected soon…a major new drill program also begins in the near future at Granada…BMR has been the authority on GBB and uncovered this gem at 7 cents last December…it’s our belief that the Granada Gold Property will develop into a multi-million ounce bulk tonnage, open-pit deposit by the end of this year, and we’ll be reporting more on this Monday…Gold Bullion’s $4 million private placement is now closed and approved, and the company now has a large treasury to move this project forward in a major way…Gold Bullion is trading at 27.5 cents, up 2 cents from yesterday….Kent Exploration (KEX, TSX-V) has blasted through resistance at 20 cents and is currently at 22 cents, up 3 cents on the day…Kent’s Gnaweeda Gold Project in western Australia is looking very good for its upcoming Archean Star Resources spinoff…Richfield Ventures is also strong this morning, up 18 cents to $1.95 as drilling gets set to resume at its Blackwater Project in central British Columbia…

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