Markets are up across the board this morning on news that the EU and IMF have agreed on a $1 trillion emergency rescue package to prevent the sovereign debt crisis from spreading…what’s really happening is that borrowed money is being used on top of borrowed money to help bail out fiscally irresponsible countries who got into trouble with borrowed money…the ultimate effect, we believe, is going to be higher gold prices as concern over debt and the global currency system gradually intensifies…Gold is off on some profit-taking this morning but it’s hovering right around the $1,200 level where there should be strong support…the CDNX is ahead 36 points as of 8:25 am Pacific time to 1585…Gold Bullion Development (GBB, TSX-V) appears to be under some technical pressure with a declining 10-day moving average which presents an attractive accumulation opportunity for those who can see the big picture that’s unfolding with GBB…the stock is off 1.5 cents to 34.5 cents…Kent Exploration (KEX, TSX-V) is up 1.5 cents to 19 cents…the Archean Star spin-off is close at hand…it’s interesting to note that Australian-listed Doray Minerals has discovered a second zone of high grade mineralization at its Andy Well Property, just 8 miles northwest of Kent’s Turnberry Prospect which – along with the rest of the Gnaweeda Gold Project – is being vended into Archean Star…Doray Minerals will be starting a second round of drilling this month at Andy Well…initial assay results from Turnberry are expected by month-end…the “effective date” has not yet been announced but Kent shareholders will receive one share of Archean Star for every four shares of Kent they hold…North Arrow Minerals (NAR, TSX-V) is up a penny to 22 cents…North Arrow, which holds a very attractive package of diamond, lithium, base metal and gold properties, has been under increasing accumulation since mid-March…this company is led by mining legend Gren Thomas, and the possibility of North Arrow making a major discovery on any one of its properties is very real…Thomas, who is one of the very best at grass roots exploration, is getting aggressive on the exploration front with North Arrow…he’s a huge shareholder himself in the company and has vowed not to sell a single share until this company is taken over…