BullMarketRun.com

Gold is down slightly this morning (off $4.00 at $1,133 as of 8:25 am Pacific Time) after staging a nice intra-day reversal yesterday…clearly, there is very strong technical support for gold at $1,120…the TSX Gold Index continues to be at very oversold levels and is surprisingly off seven points this morning to 340…the CDNX is off just one point to 1,592…the markets appear to be taking a breather now to digest the recent strong gains, so this is a good time to look for attractive entry points on weakness in certain stocks…Gold Bullion Development Corporation (GBB, TSX-V) is one such example – it has backed off to .105 this morning…we are speculating, but we wouldn’t be surprised if Gold Bullion delivers an update on its Granada drill program by tomorrow in advance of the World Resource Investment Conference in Vancouver which it will be attending Sunday and Monday…some initial assay results from last month’s phase 1 drill program should be close to being ready…Seafield Resources (SFF, TSX-V) has found strong support in the mid-20’s as expected…all is generally quiet with our portfolio and the markets overall this morning…