BullMarketRun.com

Gold is weak this morning but off its lows of the day…as of 8:30 am Pacific, the yellow metal is at $1,369, down $10 an ounce…it dipped as low as $1,360…Silver is off 19 cents at $28.60 while the U.S. Dollar is up one-tenth of a point at 80.28…the CDNX is down only 2 points at 2099…the CDNX is underpinned by impressive and rock solid technical support which runs from 2000 all the way up to the 20-day SMA at 2080…given seasonal trends, we’re in the final few trading days of any possible weakness…this is when astute traders and investors are buyers, not sellers…we see a lot of great opportunities at the moment, and the CDNX is following a very definitive pattern that suggests the first quarter of next year could be extremely robust…one of the most exciting opportunities that has emerged recently is Cadillac Mining (CQX, TSX-V)…2011 is going to be a breakthrough year for this company – its current chart is very indicative of that with record volumes that started a few months ago…reading between the lines of its most recent news release, we believe the company is close to pulling the trigger on a major precious metals acquisition in the Great Basin…of immediate interest are the company’s strategic claims that adjoin Richmont Mines’ (RIC, TSX) Wasamac Property which is approximately 15 kilometres west of Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property…Richmont has been aggressively drilling Wasamac since last May and more results are expected in January along with an updated resource estimate…we’ll be covering this increasingly significant story on our upcoming trip to Rouyn-Noranda…the structure at Wasamac dips northerly onto Cadillac’s claims which are largely untested but Cadillac has discovered an “alteration pipe” and what appears to be a feeder system typical of those seen under volcanogenic massive sulphide systems in the Noranda camp…with a market cap of only $10 million, the potential for Cadillac is enormous which is why there has been heavy accumulation of this stock…the company has also recently partnered with Visible Gold (VGD, TSX-V) on over 7,000 hectares of additional land in the general area…last year at this time our Christmas present for our readers was Gold Bullion when it was trading at a market cap of just $6 million…this time it’s Cadillac Mining…CQX is up 2.5 cents to 40 cents after hitting a new 52-week high this morning of 42 cents…it’s closing in on a new all-time high…we of course also have some other exciting situations, not the least of which remains GBB which is up another penny this morning to 73 cents…Currie Rose Resources (CUI, TSX-V) has two major projects in northwest Tanzania that we’re following closely – Mabale Hills and Sekenke…drill results are still pending from Sisu River at Mabale Hills, and we like the odds of a potential discovery at Sisu River…Currie Rose’s chart is holding up very well with the rising 20-day SMA at 35 cents providing exceptional support…CUI is up a penny this morning at 39.5 cents…Seafield Resources (SFF, TSX-V) is in an attractive area in the low to mid-50’s…SFF is currently off 2 pennies at 55 cents…the company is in the process of closing a $15 million financing at 50 cents…Seafield’s Quinchia Project is only beginning to show its full potential as we have stated here repeatedly…two companies we like a lot in the Dominican Republic are GoldQuest Mining (GQC, TSX-V) and Everton Resources (EVR, TSX-V)…initial drill results from Everton’s APV Property (next door to the massive Pueblo Viejo deposit under development by Barrick and Goldcorp) are imminent while GoldQuest is expected to soon commence a major drill program at its properties…many investors for some reason have not yet fully discovered how rich the Dominican Republic is in mineralization…many more discoveries will be made there…GQC is off half a penny at 38 cents this morning while EVR is also off half a penny at 37 cents…after dipping as low as 20 cents this week, Tye Exploration (TYE, TSX-V) has recovered to the mid to upper 20’s this morning which shows how important it is to buy into weakness when the overall trend on a stock is up…Tye’s prospects look good with a lot of interesting ground near Richfield’s Blackwater deposit…