BullMarketRun.com

The markets have pulled back a bit this morning as we expected (and hoped) with gold off $6.00 an ounce as of 10:00 am Pacific time to $1,108…it ran as high as $1,126 overnight…a test of $1,100 is certainly possible before another move to the upside…gold’s 30-day moving average, which has been in decline for a while now, is very close to reversing – an event that should happen by next week, which suggests a significant run is in the works…the CDNX is down 8 points to 1,509…we sense that Gold Bullion Development Corporation (GBB, TSX-V) is in the beginning stages of a powerful new breakout that would likely take it to a new yearly high in the very near future…it’s currently at .095, even on the day, but almost all trades so far this morning have been at 10 cents…many investors initially didn’t grasp the significance of Gold Bullion’s January 26 news release on results from Granada, and the stock sold off in the market downturn to .085…but GBB has gained traction in recent days and additional assay results should be released shortly…it’s our contention that Gold Bullion’s Granada property, just 40 miles to the west of Osisko’s Malartic Deposit, quite possibly contains several million ounces of shallow, low grade gold – a substantial bulk tonnage, open pit deposit with even slightly higher grades than Malartic…we will be expanding on this in simple language in some articles over the next week…Gold Bullion’s current market cap is only $7.6 million…