BullMarketRun.com

Gold is under a little pressure this morning from profit-taking and a stronger U.S. Dollar…as of 8 am Pacific, the yellow metal is at $1,391, down $5 an ounce…Silver is off 14 cents at $29.36 while the U.S. Dollar is up nearly one-fifth of a point at 79.68…with Christmas quickly approaching, Gold is likely to trade within a fairly narrow range over the next two to three weeks in our view before breaking out to the upside again early in the New Year…the CDNX is off 4 points at 2114, just below its 10-day moving average…all technical indicators, plus seasonal factors, suggest the downside from here on the CDNX is very limited before another powerful move likely takes hold by late next week, just prior to Christmas…any weakness should be considered a last-chance opportunity for traders and investors to position themselves in quality situations in advance of what we expect will be a very strong January…Sidon International (SD, TSX-V) is the most active stock in the BMR Portfolio this morning, up a penny at 19.5 cents on volume of nearly 3 million shares…the company has acquired ground in close proximity to Canaco’s (CAN, TSX-V) Handeni discovery which further underpins the value of Sidon…with this move, SD has given up, for now at least, on acquiring additional land immediately adjacent to its Morogoro East Property where a 1500 metre drill program continues…Sidon pulled back to very strong technical support yesterday in the upper teens…Cadillac Mining (CQX, TSX-V) had a powerful day yesterday, reversing intra-day and closing up more than a nickel…CQX is giving every technical indication it wants to charge higher…it’s up another penny this morning to 38 cents but it’s market cap is still only $9.5 million which is very attractive given its prospects along the Cadillac Trend and the possibility of a significant new property acquisition (precious metals) in the Great Basin as revealed by the company in a news release last week…ongoing drilling by Richmont Mines (RIC, TSX) at Wasamac will keep interest very high in Cadillac for the foreseeable future as its Wasa claims straddle Richmont’s growing deposit at Wasamac…more results from Wasamac and an updated resource estimate are expected in January…Greencastle Resources (VGN, TSX-V) is looking particularly attractive after a 25 per cent pullback from its recent 52-week high…we suggest investors do their DD on Greencastle if they haven’t done so already…the company is cash-rich and getting much more active in the Gold exploration space…we see a strong possibility of Tony Roodenburg (also the President and CEO of Seafield Resources, SFF, TSX-V) adding another Gold project to Greencastle’s portfolio…it already has two Gold properties in Nevada and a recent acquisition in British Columbia near Richfield’s (RVC, TSX-V) Blackwater deposit…Greencastle is currently up 2 pennies at 35 cents…Richfield is steady at $4.50 after releasing more drill results yesterday…another company near Blackwater that we like is Tye Exploration (TYE, TSX-V) which is unchanged this morning at 23 cents…Gold Bullion Development (GBB, TSX-V) is quiet at 70 cents, down a penny from yesterday…we’re keeping a close eye on Everton Resources (EVR, TSX-V) as it’s expected to be coming out with drill results shortly from the Dominican Republic where it’s drilling its APV Gold Property which is immediately adjacent to the Barrick-Goldcorp Pueblo Viejo deposit, the largest Gold deposit in the Western Hemisphere…only a small creek separates the two properties…Everton is drilling into promising structures, so we wouldn’t be surprised if they deliver some exciting initial results…EVR is up half a penny at 37 cents…GoldQuest Mining (GQC, TSX-V) of course is also in the DR where it’s preparing to launch another major drill campaign to follow up on excellent results last summer from its La Escandalosa Project (formerly Las Tres Palmas)…GoldQuest has numerous targets we’re very excited about in the DR…it’s off half a penny this morning at 36 cents…