BullMarketRun.com

Gold has traded in a range of $1,406 to $1,416 today as it consolidates above the $1,400 level…a move to new all-time highs in early January appears very likely from a technical standpoint…the recent action of the CDNX also confirms that…as of 7:50 am Pacific, Gold is down $6 an ounce at $1,406…Silver hit a new 30-year high this morning of $30.93 but has since pulled back to $30.56, off 4 pennies for the day…the CDNX is up 8 points at 2251…the next area of significant resistance is 2350 as indicated on John’s chart last week…in terms of the companies we follow at BMR, the final two trading days of the year are expected to be quiet with little or no news which is typical for year-end…Gold Bullion Development (GBB, TSX-V) is off 2 pennies at 85 cents…Seafield Resources (SFF, TSX-V), waiting for CDNX approval on its recently completed $15 million financing at 50 cents, is up 2 pennies at 58 cents…January should be a busy month for both companies with new results expected from their respective projects…Currie Rose Resources (CUI, TSX-V) is unchanged at 36 cents…the stock has been consolidating nicely in the 30’s recently…we expect 2011 to be a “breakthrough” year for Currie Rose, as it was for GBB and SFF, as CUI continues to develop its promising Gold assets in the prolific Lake Victoria Greenstone Belt of northwest Tanzania…near Sudbury, Currie Rose’s Scadding Gold Property, optioned to Trueclaim Exploration (TRM, TSX-V), is being drilled in January…Trueclaim has put a lot of work into Scadding, so the possibility of some very good results there has to be considered significant…Frank Basa has stepped down as President of Excel Mining (EGM, TSX-V) due to increasing demands on his time (i.e., Gold Bullion)…Excel however has named two experienced new directors to its board and drilling continues at its Montauban Mining Camp Project in Quebec, a promising Gold-silver and base metals property…the stock has strong technical support in the 10 to 12 cent range and the Montauban Project provides solid fundamental value for patient investors…Greencastle Resources (VGN, TSX-V) is off 1.5 cents to 33 cents where it has strong technical support…the outlook for Greencastle for the year ahead is extremely positive with the company becoming much more active in the Gold exploration space and oil prices in a firm uptrend…Sidon International Resources (SD, TSX-V) is off half a penny at 18 cents…this has been an impressive year of development for Sidon which could really take off in 2011 with its Morogoro East Gold Property and a recent acquisition near Canaco’s (CAN, TSX-V) discovery…