Gold is powering higher this morning…as of 9:40 am Pacific, the yellow metal is up $12 an ounce to $1,200 where this is clearly some technical resistance…fundamentally, the case continues to look strong for Gold with reports the U.S. Federal Reserve is looking at more “quantitative easing” and the news yesterday that the People’s Bank of China is going to increase the scope of its banking sector that’s allowed to import, export and deal in Gold beyond the current 5 largest commercial banks that are allowed to do so…the CDNX continues to look strong…it’s up another 13 points to 1454…the Venture has broken through its 50-day moving average which is very close to ending a nearly 3-month decline…there is very strong overhead resistance on the CDNX right around 1500 where the 100 and 200-day moving averages currently sit…the scenario that we see unfolding within the next 4 to 6 weeks, perhaps sooner, is the CDNX busting through that resistance at and just above 1500 and challenging its 52-week week high of 1691 by year-end…(GBB, TSX-V) has been going back and forth between 56 and 57 cents this morning…as of 9:40 am Pacific it’s unchanged at 57 cents on volume of 710,000 shares…based on the last 2 Gold Bullion news releases, the possibility of GBB delivering a spectacular hole very soon out of the eastern extension has to be considered a good possibility if for no other reason than the simple law of averages…27 holes (as of July 28) have been drilled in the eastern extension with many of them (over an area approximately 400 metres north-south and 400 metres east-west) intersecting visible gold and significant zones of altered feldspar porphyry (favorable for gold mineralization)…we like the odds here of the LONG Bars Zone eastern extension, which appears to have a strike length of several kilometres, developing into an even bigger deposit than what exists within the Preliminary Block Model which has a current potential (non-compliant) resource of 2.4 to 2.6 million ounces…Fire River Gold (FAU, TSX-V), developing the Nixon Fork Gold Project in Alaska, is up 3 pennies this morning to 63 cents but on low volume…BMR’s technical analyst will be taking a look at Fire River in a Technically Speaking article we’ll be posting within a couple of hours…Fire River recently completed a major financing at 50 cents and has commenced a 20,000 metre drill program at Nixon Fork…Kent Exploration (KEX, TSX-V) is finally ready to start mining high grade barite at its Flagstaff Property in northeastern Washington State, 25 kilometres south of Rossland, BC…Kent has received approval to mine up to 100,000 tonnes of barite per year at Flagstaff from the the U.S. Bureau of Land Management in Spokane…between 30,000 and 40,000 tonnes of ore is currently stockpiled at Flagstaff, and Kent already has a buyer for at least 20,000 tonnes of that…if Kent is able to mine and sell 30,000 tonnes this summer and early fall, gross revenue from that would be approximately $1.5 million while the net profit would come in around $900,000 with all-inclusive costs of about $20 per tonne…Kent recently raised nearly $1 million in a private placement at 10 cents, and all the company needs to do now is get its New Zealand and Australian gold exploration back on track…Kent is unchanged at 12.5 cents…