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Gold is seeing some mild profit taking today…as of 9:00 am Pacific, the yellow metal is down $6 an ounce at $1,469…it has traded between $1,464 and $1,477 so far today…Silver’s advance continues…it hit a fresh 31-year high overnight of $41.98…it’s currently up 18 cents at $41.11 …crude oil has pulled back $1.19 to $111.60 after a strong advance Friday…the struggling U.S. Dollar Index is essentially unchanged at 74.93…the CDNX, which climbed 4% last week, is currently off 9 points at 2380 after a gap up to 2399 this morning…it came within one-third of a point of 2400 before pulling back on profit taking…White Tiger Mining (WTC, TSX-V), which we first mentioned here last Tuesday, has resumed trading this morning after being halted since late in the session Thursday pending news…the news from its Marshall Lake copper-Silver-Gold Property in northern Ontario is very positive but the stock has been volatile this morning…after opening at 91 cents, it climbed to 94 cents, fell to 81 cents, and then raced back up to 98 cents before falling back again…it’s currently up a penny at 82 cents…White Tiger, which can earn up to a 75% interest in Marshall Lake, has announced that a second drill hole (RMZ-11-23), collared 25 metres south of RMZ-11-21 reported last Tuesday which kicked off a frenzy of activity in the stock, has confirmed the chalcopyrite zones encountered in RMZ-11-21 based on visual analysis…RMZ-11-23 was drilled at the same azimuth and dip angle as RMZ-11-21 and 25 metres to the south in order to test the true width of the zones encountered in the first hole…White Tiger now says hole #23 is the longest and most continuous drill intersection it has produced so far at Marshall Lake, exceeding that of hole #21…the original RM Zone discovery hole is located 300 metres northeast of RMZ-11-21…it’ll be very interesting watching how this one unfolds in the coming days and weeks…Visible Gold Mines (VGD, TSX-V) is up half a penny at 42 cents on volume of nearly 700,000 shares…VGD is in the “sweet spot” for accumulation as it’s trading just above very strong technical support at 40 cents with a 50-day moving average (SMA) that is now reversing to the upside, ending a decline that started over three months ago…that is a technical buy signal, so for some it’ll be time to back up the truck and load up…VGD is rapidly emerging as one of the most aggressive exploration companies in northwestern Quebec where it currently holds an attractive land package totaling approximately 20,000 hectares…it has two drill programs in progress at the moment with initial assay results from its Silidor Gold Property imminent…with $8 million in the treasury and a very skilled management and geological group, we’re expecting big things out of this company which also just recently cut a deal with Agnico-Eagle Mines (AEM, TSX) on the past producing Joutel Property 150 kilometers north of Rouyn-Noranda…Robert Sansfacon, the senior geologist for VGD, was instrumental in the discovery of Osisko’s (OSK, TSX) Canadian Malartic deposit…Gold Bullion Development (GBB, TSX-V) is up 2 pennies at 55 cents…while GBB has some overhead resistance to battle though, it’s nice to see that sentiment has shifted after the stock fell as low as 35 cents March 15…investors should keep focused on the fundamentals with this one as the case continues to build for a potential multi-million ounce deposit at Granada…Currie Rose Resources (CUI, TSX-V) is looking a lot healthier these days from a technical standpoint and the stock is up another 2.5 cents this morning to 20 cents on over a million shares…the company will be starting a major exploration program at its properties in Tanzania during this second quarter…Abcourt Mines (ABI, TSX-V) continues to gain strength after dropping as low as 16.5 cents last week…there’s heavy volume in Abcourt this morning with the stock ahead 1.5 cents at 21 cents…Cadillac Mining (CQX-TSX-V) remains quiet (for now) as investors wait for news regarding the company’s planned drill program at its “Wasa” claims which adjoin Richmont’ Mines’ (RIC, TSX) growing Wasamac deposit near Rouyn-Noranda…in the meantime, however, there is drilling now taking place on Cadillac ground…as reported Friday by Visible Gold Mines, VGD has started drilling within 800 metres of Vantex Resources‘ (VAX, TSX-V) Moriss Zone discovery at that company’s Galloway Project…this is part of the ground that VGD optioned from Cadillac last December with CQX still holding a 40% interest…the Cadillac chart is starting to look more promising for the near-term as John outlines below…the stock is currently down a penny at 22 cents…

Levon Resources (LVN, TSX-V), a Silver, Gold and base metal play we’ve been mentioning recently, announced a $30 million bought deal financing at $1.95 before the market opened this morning…less than three hours later the company issued another news release, stating the size of the offering has been increased to $40 million…the deal is expected to close on or before May 10…Levon is certainly a company to keep an eye on…it’s off 15 cents on the news at $2.00…Wildcat Silver (WS, TSX-V), another situation we like, is up 8 more cents this morning to $2.99 (it hit a new all-time high of $3.16) but it has become quite overbought technically so it could be ready for a short rest to allow for some unwinding of that overbought condition…Great Panther Silver (GPR, TSX) is off 2 pennies at $4.08 but the chart looks promising and GPR could be in the early stages of a new uptrend…a financing is expected to close this week…