BullMarketRun.com

Gold is up $6 an ounce to $1,227 as of 7:50 am Pacific time this morning…the CDNX, after reversing to the downside during the day yesterday, is 6 points higher at 1459…technically, in BMR’s view, the CDNX is on the cusp of a significant move to the upside which should be confirmed by the end of the week…several technical indicators are suggesting this including an imminent reversal in the CDNX’s 20-day moving average which has been in decline for 6 weeks now…a strong market through the last half of the month and into at least early July seems highly probable at this point…the yearly low of 1393 May 21 was clearly an important bottom…Gold Bullion Development (GBB, TSX-V) continues to make new highs…this is such a compelling geological story which is just starting to get the recognition it deserves…GBB is up another three cents to 57 cents on volume of 800,000 shares…other opportunities in the BMR Portfolio we like over the short to medium term are Sidon International (SD, TSX-V), Seafield Resources (SFF, TSX-V) and North Arrow Minerals (NAR, TSX-V)…Sidon is up a penny to 6 cents on news the company has filed with the Venture Exchange a 43-101 technical report on the Morogoro East Gold Property in Tanzania…Sidon has also filed the option agreement regarding the property and the private placement as well and will issue a news release once the CDNX reports back to the company…all is quiet with Seafield at the moment but we’re certain that won’t last much longer…Seafield closed a $3 million private placement last Friday and we have every reason to believe the company is going to aggressively drill and explore its highly prospective gold properties in the Quinchia District of Colombia beginning shortly…Seafield’s Elora Gold Property in Ontario may also come into play soon with Manitou Gold (MTU, TSX-V) currently drilling the former Big Master Mine immediately adjacent to Elora in the Gold Rock mining camp of northwestern Ontario…North Arrow Minerals (NAR, TSX-V) closed yesterday at 18 cents and hasn’t traded yet today…BMR is very excited about the prospects for this company which will be drilling its very promising Lac de Gras diamond property this summer…North Arrow has considerable exploration upside and is led by mining legend Gren Thomas who is one of the best in the business at grassroots exploration…