BullMarketRun.com

Markets are weak across the board today…Gold is off $10 an ounce to $1,216 as of 6:30 am Pacific, though it has bounced off its low of the day which was $1,209…as we mentioned yesterday, any pullback in Gold will be supported by physical buying which traditionally strengthens beginning at this time of the year…the start of festival season in India this week is just one example…the very respected Frank Holmes, Chief Executive of U.S. Global Investors, is very bullish on Gold and commodities in general and stated on CNBC this morning, “We like to compare the E-7 – the 7 most populated countries in the world:  They are 4 times the G-7 in population and their income levels are rising.  There’s a propensity in these countries to buy Gold for both monetary (purposes) and jewelry”…investors should welcome any pullback in the CDNX as a buying opportunity prior to a potential major move through 1500…any weakness in the CDNX should be strongly supported by the 50-day SMA at 1425…as of 6:40 am Pacific, the Venture is down 13 points to 1462…BMR leaves later this morning for Quebec and Gold Bullion Development’s Granada Gold Property…our first report from the LONG Bars Zone will be sometime tomorrow…Gold Bullion is off a penny in very early trading to 53 cents…Jordan Capital’s huge appetite for GBB continues as it picked up over 400,000 more shares in the first few minutes of trading this morning…