BullMarketRun.com

Gold is firming up after some weakness earlier this morning…it has traded within a range today of $1,327 to $1,342…as of 9:07 am Pacific, the yellow metal is back to near its high of the day at $1,341 (up $1 an ounce)…Silver has recovered all of its losses from earlier this morning and is now up 26 cents at $23.90…the U.S. Dollar Index is up nearly a quarter of a cent to 77.56…the result of the Congressional elections next week could be political gridlock in Washington and therefore a Federal Reserve that plays an even more prominent and important role…such a scenario would have to be considered bullish overall for Gold…initially there could be a “sell on news” reaction once the Fed actually initiates more quantitative easing measures (i.e., a bounce in the Dollar) but the CDNX keeps telling us that Gold and commodities are going to climb significantly higher in 2011…the CDNX is currently off 4 points to 1896…Currie Rose Resources (CUI, TSX-V), which we first mentioned at BMR last month when it was sitting at a dime, broke out of a horizontal trend channel yesterday on strong CDNX volume of nearly 2 million shares…CUI got as high as 18 cents and closed at 17 cents, a jump of 3 cents for the day…CUI has pulled back slightly this morning and is currently trading at 16 cents…Currie Rose is no Johnny-come-lately to Tanzania and has assembled a large and highly prospective land package in the Lake Victoria Goldfields (northern Tanzania) which is recognized as a world class Gold region…for some reason this company has been flying “under the radar” of many investors but Currie Rose is now signaling its  intention to get very aggressive in advancing its pipeline of projects in Tanzania…a 3,000 metre RC drill program is now underway at CUI’s Sisu River Gold Property at Mabale Hills…the geology is very favorable for a potential discovery at Sisu River where the company is drilling into a highly silicified, sheared quartz porphyry…this property attracted the attention of several dozen artisinal miners about a year ago…random grab samples collected by CUI’s Tanzanian geologist returned impressive grades (6 of 13 samples exceeded 5 g/t Au with 1 sample at 89 g/t Au)…the Sisu River Property is just a couple of kilometres from CUI’s Mwamazengo Property which warrants considerable additional work to follow up on previous notable high grade intercepts including 63 m of 2.59 g/t Au, 34 m of 3.60 g/t Au, 31 m of 5.97 g/t Au, and 12 m of 9.11 g/t Au…the Mabale Greenstone Belt is thought to be an extension of the prolific Geita Greenstone Belt that hosts the 12 million+ ounce Geita Gold Mine, 80 kilometres to the west of Currie Rose’s Mabale Hills Project…BMR will be interviewing CUI President and CEO Harold Smith this week to explore the Currie Rose story in much more detail…BMR will also be interviewing Seafield Resources‘ (SFF, TSX-V) President and CEO Tony Roodenburg tomorrow, and Gold Bullion’s (GBB, TSX-V) Frank Basa has agreed to an interview with us as well in the near future so things are about to get very busy around here…Seafield is currently off half a penny to 22 cents while Gold Bullion is unchanged at 56 cents…GBB has been quiet and holding steady around its 100-day moving average in recent weeks, likely the calm before the storm…