BullMarketRun.com

Gold went into reversal this morning after hitting a new all-time high of $1,250…Gold is currently at $1,223 (as of 8:20 Pacific time), down $10 an ounce…this kind of volatility, with a general upward bias, is likely to continue…a test of $1,200 is certainly possible but Gold’s primary direction is up…with weakness in Gold and the major markets this morning, the CDNX is off 21 points to 1589…it’s a good day to be a buyer…Gold Bullion Development (GBB, TSX-V) is off another half penny to 37.5 cents and should be aggressively accumulated on any weakness…GBB will find very strong technical support at current levels and activity in the stock this week suggests a new all-time high could be just around the corner…Seafield Resources (SFF, TSX-V) is down a penny at 21 cents on over a million shares…the stock has clearly woken up, coming out of a deep correction that sent it all the way down to 16 cents…Seafield has some overhead resistance between 22.5 and 24 cents which may force the stock to consolidate for a brief period but our outlook is very bullish on SFF and we wouldn’t be surprised to see it challenge its 52-week high of 35.5 cents within the next month…Kent Exploration (KEX, TSX-V) is quiet at 17.5 cents…we’re hoping to hear news very soon regarding its spin-off…weakness continues in Richfield Ventures (RVC, TSX-V) which is purely due to technical factors we believe…Richfield is currently at $1.51, a sharp drop from the $2.25 high we saw last month…Richfield can be volatile at times and has consistently proven to be a good buy during “down” periods such as this…all is well with Sidon International (SD, TSX-V) which is hugely attractive at 6 cents…Sidon has the potential to quickly move into double digits once its PP has been approved and plans are announced regarding Morogoro East…