BullMarketRun.com

Gold has traded in a range of $1,391 to $1,409 today…as of 9:20 am Pacific, the yellow metal is at $1,401, up $6 for the day…Silver is up 19 cents at $29.74 while the U.S. Dollar Index is now off more than one-fifth of a point to 79.14…there were some encouraging economic figures out of the U.S. this morning…the Commerce Department reported that total retail sales rose for the fifth straight month, 0.8% for November…producer prices rose 0.8%, also ahead of expectations…the CDNX is weaker this morning at 2121, down 10 points…we expect the resistance band between 2150 and 2250 on the CDNX will be overcome by month-end, so embracing any weakness continues to be a very wise strategy in our view…that approach has worked successfully throughout the year and that’s not about to change…Gold Bullion Development (GBB, TSX-V) is up a penny at 71 cents…news this morning from Yorbeau (YRB.A, TSX), GBB’s northern neighbor, is of interest…we encourage investors to read Yorbeau’s news release which states, “Application of this (exploration) methodology to the historical data at Augmitto and Astoria has produced some startling results, which indicate that the Augmitto and Astoria deposits have considerably more potential than was previously apparent”…Cadillac Mining (CQX, TSX-V) is enjoying a strong day, hitting a new 52-week high of 35.5 cents…the stock has backed off slightly to 33.5 cents, a gain of 2 pennies for the day on volume of 1.2 million…with a current market cap of just $8 million, Cadillac has enormous upside going into 2011…this is a company with some smart mining people behind it who are determined to build value through acquisitions (reading between the lines of last week’s news release, they could pull the trigger at any point on a precious metal deal in the Great Basin) and existing assets which include a large land position to the west of Granada…Cadillac’s “Wasa” claims are of immediate interest as they adjoin Richmont Mines‘ Wasamac Property where drilling is ongoing and proving up a substantial resource…we’ll be reporting extensively on Wasamac during our upcoming trip to the Rouyn-Noranda area…Richfield Ventures (RVC, TSX-V) came out with more drill results from Blackwater this morning…five more holes were released, nothing “spectacular” but certainly solid and consistent with previous results…Richfield is off 22 cents to $4.50, right at its supporting 20-day moving average…bargain hunters may wish to take a look at Tye Exploration (TYE, TSX-V) which holds a considerable amount of prospective ground near Blackwater…Tye has fallen in half from its 41.5 cent high in late November…the stock touched 20 cents this morning as it dropped below its supporting 50-day moving average of 22 cents…TYE is currently at 21.5 cents, down 2.5 cents…Seafield Resources (SFF, TSX-V) is off a penny at 60 cents…it’ll be interesting to see how quickly Seafield can finalize its $15 million financing…the quicker they can, the more bullish it is for the stock in our view…with drilling well underway at Dos Quebradas and more results pending from Miraflores, interest in SFF should remain high for the foreseeable future…GoldQuest Mining (GQC, TSX-V) is down 1.5 cents at 38 cents on light volume…another company with excellent prospects in the Dominican Republic that we’re watching closely is Everton Resources (EVR, TSX-V)…Everton has been drilling its APV Property, immediately adjacent to the massive Pueblo Viejo deposit, for two months now with initial drill results due at any time…EVR is up half a penny at 36 cents…the potential for good results from Everton clearly exists as they are drilling into very favorable geology…