BullMarketRun.com

Gold has pulled back slightly after hitting a new record high this morning of $1,279…as of 8:35 am Pacific, the yellow metal is up $6 an ounce to $1,274…the CDNX continues to surge which shows that Gold has more punch left in it…the CDNX blew past resistance at 1625 and is now threatening to take a run at its 52-week high of 1691…it’s up 16 more points this morning to 1646…this is an extremely powerful move that isn’t showing any signs of slowing down…Richfield Ventures (RVC, TSX-V), which BMR introduced to its readers at $1.20 last December, hit a new all-time high of $3.05 this morning…it’s currently up 27 cents at $2.85…no doubt they will be quickly closing their nearly $15 million proposed financing at $1.95…despite its $100 million market cap (including the 7.5 shares from the financing), Richfield still has considerable upside potential with what appears to be a multi-million ounce gold deposit in the making at Blackwater (some silver and copper credits as well)…Gold Bullion Development (GBB, TSX-V) is off 2 more pennies to 59 cents…as we mentioned in our article this morning, the fact that GENIVAR is eager to immediately pursue several high priority targets within both the Preliminary Block Model and the Eastern Extension is very telling…the near-surface mineralization described in Hole #86 confirms information in Willoughby’s 1994 report on Granada that the area south and southeast of Pits #2 East and #2 West does hold potential for more mineralization…this means the Preliminary Block Model could easily extend to the south with the Eastern Extension becoming wider and mineralization trending to the east toward LONG Bars Zone 2…this is truly a potential massive volume situation, so the best strategy here is simply drill, drill, drill…GBB has tremendous technical support at its rising 50-day moving average of 56 cents and we have little doubt that as more assays start flowing in, the LONG Bars Zone and Gold Bullion are both going to flex their muscles…there is a serious disconnect right now, in our view, between the current weakness we’re seeing in the stock and what’s actually happening on the ground at Granada as detailed in Gold Bullion’s recent news releases…Sidon International (SD, TSX-V) is unchanged at 14 cents…with the 10 cent private placement closing, it’s likely not long before we get more news regarding Sidon’s exploration plans for Morogoro East…we are very bullish on a lot of plays in Colombia right now, including of course Seafield Resources (SFF, TSX-V) and Colombian Mines (CMJ, TSX-V)…there are other very promising situations in Colombia as well including Bellhaven (BHV, TSX-V) which investors should do some due diligence on…Ventana (VEN, TSX), the leader of the pack, has struggled for a good part of this year but has a chart that is suddenly looking very bullish…