BullMarketRun.com

Gold is firmer this morning with no interest rate hike announced yet by the Chinese after an important weekend economic conference…as of 8:10 am Pacific the yellow metal is up $10 an ounce to $1,396…Silver is ahead 89 cents to $29.57 while the U.S. Dollar is taking a beating, off nearly a point to 79.33…November inflation in China was at a 2-year high of 5.1% and Chinese officials have promised a “more prudent” economic policy targeting certain areas for growth and tempering inflation…China has quite the balancing act ahead of itself…as we stated over the weekend, it’s best to stay focused on the “big picture” in China which is bullish for Gold – continued powerful economic growth, inflationary pressures, and the  appetite of the Chinese people and their government for owning Gold (especially when inflation is running considerably higher than interest rates)…emerging markets elsewhere are also helping to fuel this amazing bull run in precious metals and commodities in general, a trend that appears to be in place for some time to come…the CDNX is strong this morning after an intra-day reversal Friday…as of 8:10 am Pacific, the Venture is up 12 points to 2136…Gold Bullion Development (GBB, TSX-V) is unchanged at 70 cents…the stock seems to be quite comfortable in the 70-cent area while investors wait for more news from the LONG Bars Zone…BMR is returning to Rouyn-Noranda in the near future to report not only on GBB but other companies in the general area…one of those is Cadillac Mining (CQX, TSX-V) which we predict is going to be one of the stars in the BMR Portfolio in 2011…Cadillac holds the very strategic “Wasa” claims adjoining Richmont’s Wasamac Property where drilling is returning excellent results…Richmont will be coming out with more drill results and a new resource estimate for Wasamac next month…Cadillac holds 100% of “Wasa” and has also just partnered with Visible Gold (VGD, TSX-V) on over 7,000 hectares west of the Granada Gold Property…what has us even more excited about Cadillac is the fact the company is working on securing precious metals properties in the Great Basin…this is a company in the midst of a major turnaround with an attractive share structure and a market cap of a paltry $7.5 million…the stock is currently off 2 pennies at 31 cents…Seafield Resources (SFF, TSX-V) has pulled back this morning after a strong run Friday…SFF is off a nickel at 63 cents…Seafield announced Friday it has increased its proposed private placement from 16 million units at 50 cents to 30 million units at 50 cents (with a full warrant exercisable at 75 cents for 2 years)…it seems obvious some “heavy hitters” are wanting in and we view that as a bullish development…we see great things ahead for Seafield in 2011…GoldQuest Mining (GQC, TSX) is up 2 pennies to 40 cents…GoldQuest is looking very strong going into 2011 with some highly attractive precious and base metal projects in development…GQC is focused on the Dominican Republic where there’s another company investors need to keep their eyes on, Everton Resources (EVR, TSX)…BMR readers may recall we interviewed Everton President and CEO Andre Audet a couple of weeks ago…Everton and its joint venture partner Brigus Gold (BRD, TSX) started drilling the APV Property (immediately adjacent to the massive Pueblo Viejo deposit) in October and initial assay results could come this week as reported in Everton’s news release December 1…Everton is up 2.5 cents this morning to 38 cents…EVR’s chart looks very attractive…Currie Rose Resources (CUI, TSX-V) is up 2.5 cents at 40 cents…John updated the CUI chart last night and it continues to look positive…