The Memorial Day U.S. holiday is making for a quiet day in general on the Canadian markets…the CDNX is up 6 points to 1510 as of 9 am Pacific time while the TSX is ahead 49 points to 11,720…Gold is stronger by $3 to $1,217…Gold Bullion Development (GBB, TSX-V) is active this morning, trading at 43 cents on nearly 600,000 shares so far…BMR is preparing for its visit this week to GBB’s Granada Gold Property near Rouyn-Noranda, Quebec…our first full day at Granada will be Wednesday and we are extending our visit through Saturday…Seafield Resources (SFF, TSX-V) is unchanged this morning at 18 cents…the company announced a proposed private placement Friday to raise up to $2.5 million at 17.5 cents with the financing expected to close by the end of this week…Seafield has made a “double bottom” on the charts and as our report earlier today outlined, technical and fundamental factors strongly suggest Seafield could make a significant move to the upside in the month ahead…Richfield Ventures (RVC, TSX-V) is heavily oversold and in a very attractive buying area around its rising 200-day moving average…Richfield is off 6 cents to $1.26…
May 31, 2010
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