BullMarketRun.com

Gold has traded in a range of $1,409 to $1,420 today, within shouting distance of its November all-time high of $1,426…as of 8:20 am Pacific, the yellow metal is up $6 an ounce to $1,420, back to its high of the day…Silver has hit a new 30-year high…it’s up 53 cents to $29.91 while the U.S. Dollar Index has climbed half a point to 79.71…Federal Reserve Chairman Bernanke added more “fuel to the fire” yesterday with his comments on the CBS program 60 Minutes that it’s possible the Fed could expand its latest economic stimulus package if “conditions warrant”…meanwhile, in more good news for investors, White House officials and Congressional Republicans are saying they’re closing in on a deal to temporarily extend the Bush-era tax cuts to all income levels in the United States…the CDNX is up another 17 points to 2127…technically the next area of resistance, but only minor, is 2,200…Seafield Resources (SFF, TSX-V) is enjoying another strong day, up a dime to 67 cents on CDNX volume of over 22 million shares…Seafield came out of course with a world class drill result (1.29 g/t Au over 449 metres) from its Miraflores Property last Thursday which underscores the potential of its nearly 70 square kilometre Quinchia land package in Colombia…Seafield’s 12-hole drill program at Miraflores (results are pending on 9 more holes) should increase the size of that deposit to over a million ounces…the property we’re most excited about though is Dos Quebradas, just a couple of kilometres to the northwest of Miraflores, which has some serious blue sky potential based on limited historical drilling by AngloGold and geophysical and soil analysis work by Seafield this year…there are some highly prospective porphyry targets covering a wide area at Dos Quebradas which is now drill-ready…Tony Roodenburg’s other company, Greencastle Resources (VGN, TSX-V), is powering higher this morning…there have been some significant developments recently with Greencastle which has become active again in the Gold exploration space…we expect Greencastle, which appears to be on the hunt for an “advanced” Gold project and is loaded with cash to pull that off, will benefit from the suddenly improved fortunes of Seafield...VGN is up 7 cents this morning to 42 cents…a quick glance at its long-term chart shows it has a history of very sharp moves to the upside once it gains momentum…with working capital of $6 million, monthly oil royalty revenue and three very solid Gold projects already, Greencastle has considerable fundamental value…it has only 45 million shares outstanding…Gold Bullion Development (GBB, TSX-V) is firmer this morning at 73 cents, a gain of 2 pennies from Friday…the GBB chart is looking very strong and more drill results of course are pending from the LONG Bars Zone…Sidon International (SD, TSX-V) hit a new 52-week high this morning of 18.5 cents…a 6-hole, 1,500 metre drill program is starting at Sidon’s Morogoro East Gold Property in east central Tanzania…Sidon has pulled back slightly as of 8:20 am Pacific and is currently trading at 17.5 cents, up 1 penny on more than 4 million shares…Currie Rose Resources (CUI, TSX-V) is also strong this morning, touching its November 42.5 cent high…CUI is currently up a nickel to 41 cents with investors eagerly anticipating initial drill results from the company’s Sisu River Property at its Mabale Hills Project in northwest Tanzania…