BullMarketRun.com

Gold has traded within a range of $1,300 to $1,315 so far today, and as of 9:05 am Pacific it’s up $2 an ounce to $1,311…the yellow metal continues to be underpinned by investment buying as well as numerous other factors including a weak U.S. currency whose primary trend, we believe, is bearish…the CDNX continues to hesitate in terms of making a convincing move past 1700…the CDNX is currently up 4 points to 1707 (it touched 1700 in early trading) after closing above 1700 yesterday for the first time this year…the Index has been showing signs of temporarily “running out of gas” over the last week or so, stalling around 1700, and a minor correction of approximately 5% would be a healthy development…however, as we saw yesterday when the Index quickly bounced off its 10-day moving average, there is an incredible amount of strength in this market right now and investors are aggressively buying into any dips…Gold Bullion Development (GBB, TSX-V) is off a penny at 56 cents…it’s our view the company will successfully complete its recently announced financing in short order and then ramp up exploration in the LONG Bars Zone…we’re intrigued with Adventure Gold (AGE, TSX-V) which has announced it has picked up 200 hectares at Granada including a small but very strategic claim block in the Eastern Extension…this pure Gold exploration company has been in existence for only three years and they’ve now amassed 19 properties in 6 different areas in Quebec and Ontario, and they also have partnerships with Agnico-Eagle (AEM, TSX) and Lake Shore Gold (LSG, TSX)…Adventure Gold has 47 million shares outstanding, giving it a market cap of $11.75 million based on yesterday’s 25-cent closing price,  and $3.5 million in cash and marketable securities (they hold 15,000 shares of Agnico-Eagle)…the stock is up a penny to 26 cents this morning…we suggest investors do some immediate due diligence on Adventure Gold…Seafield Resources (SFF, TSX-V) is a little quieter so far today after trading nearly 3 million shares yesterday on the CDNX…the company is expected to provide an update soon on its exploration program at Quinchia in Colombia…Seafield is unchanged at 26 cents on volume of just 225,000 shares…Richfield Ventures (RVC, TSX), which found strong support at $2.50 Monday, is back up to $2.96 for a 11-cent gain on the day…Richfield reported more excellent results yesterday from its Blackwater Project in central British Columbia…this stock should continue to perform very well…