BullMarketRun.com

Gold is showing strength today…as of 9:15 am Pacific the yellow metal is up $10 an ounce to $1,177, near its high of the day…Gold has traded in a range today between $1,166 and $1,179…the CDNX is up a point at 1423…BMR’s technical analyst has just completed an updated chart and analysis for the CDNX which we will be posting shortly…John’s outlook is very bullish…he’s also very bullish with regard to the technical condition of Gold Bullion Development (GBB, TSX-V) and an updated chart for GBB will be posted later today after the market close…Gold Bullion is up 4 pennies as of 9:15 am Pacific time to 59 cents…it gapped up to 62 cents and traded as high as 64…it also successfully tested technical support (former resistance) at 57 cents which is very bullish…the company came out with stellar news yesterday regarding its Granada Gold Property in northwestern Quebec, 40 miles west of Osisko’s (OSK, TSX) massive Canadian Malartic Deposit…not only did Gold Bullion deliver the best assay results yet from Granada (two excellent holes within the Preliminary Block Model), but a major discovery appears to be in the works in the LONG Bars Zone eastern extension…GENIVAR, which is overseeing the exploration program, has confirmed that the LONG Bars Zone geological structure extends to the east of Phase 1 discovery hole GR-10-17…Gold Bullion has clearly stated the “visuals” from the eastern extension are looking extremely positive – many of the 27 holes drilled in that area in Phase 2 have encountered visible gold and ALL of them have intersected significant zones of altered feldspar porphyry (favorable for gold mineralization)…the law of averages dictates that there is a good probability that a few of these holes, at least, could be outright spectacular and by that we mean the possibility of 150-200+ metres over 1 g/t Au…at 59 cents, Gold Bullion’s market cap is only $73 million which theoretically puts a value of $30 on each potential ounce outlined within the Granada Preliminary Block Model (non-compliant resource potential of 2.4 to 2.6 million ounces as confirmed by Gold Bullion April 22)…the valuation per ounce for the Block Model seems fair at this point (it will increase substantially with a 43-101 if the ounces are proven up) but the market doesn’t yet seem to fully comprehend the immense potential of this project going east, especially with the core observations that GENIVAR has made for the first 27 Phase 2 holes in that area…in addition, 1500 metres east of GR-10-78 – which encountered large alteration and intrusive zones to a vertical depth of 350 metres in addition to some visible gold – is LONG Bars Zone 2 which features a kilometre-long zone of gold-bearing structures that will be drill-tested later this year…the case for a significantly higher GBB valuation can clearly be made, and as yesterday’s news is digested over the next few days we expect a very interesting start to the month of August for Gold Bullion…GBB is the second most active stock on the Venture Exchange today…the most active is another BMR gem that we discovered in March when it was trading at just a nickel…Sidon International (SD, TSX-V) is up a penny to 14.5 cents on over 5 million shares…investors are clearly bullish about the prospects for Sidon’s high grade Morogoro East Gold Property in Tanzania…Colombian Mines Corporation (CMJ, TSX-V) has just come out with news regarding its Yarumalito Property which we are reviewing…the stock is up 5 cents to 67 cents…