BullMarketRun.com

Gold is holding up well after hitting a new all-time high of $1,276 yesterday…profit taking took it down to a low of $1,265 this morning where there is strong support…as of 8:35 am Pacific, Gold is unchanged at $1,269…bulls are firmly in control of Gold at the moment which remains in a 7-week uptrend on the daily bar chart…$1,300 is the next target for the bulls…$1,240 is an important and major area of technical support…the CDNX is up 3 points to 1625…there is resistance on the CDNX chart around 1625 but other resistance levels have fallen very quickly over the past couple of weeks…Gold Bullion Development (GBB, TSX-V) came out with more encouraging news this morning from Granada…GBB is extending the Phase 2 portion of its drill campaign with the Eastern Extension rig soon moving to the area around hole #86, 180 meters east-southeast of the Preliminary Block Model…all indications are that #86 could be a superb hole…strong visuals continue to come in from different areas…much of the focus within the Block Model at the moment is on the northern half…the Block Model appears to be building out very nicely from the south to the north…if the strong visuals GBB has reported over the past 2 months from both the Eastern Extension and the Preliminary Block Model prove out at the assay labs as expected, then it’s off to the races big-time…the LONG Bars Zone has all the ingredients for developing into a massive multi-million ounce deposit…Gold Bullion is currently off a penny to 60 cents…Seafield Resources (SFF, TSX-V) is up another half penny to 26 cents on strong volume again today…Colombia is definitely heating up once more, and Seafield is a prime player in the Quinchia District next door to Medoro’s (MRS, TSX-V) 10 million ounce Marmato Deposit…we should see initial drill results from Seafield’s Miraflores Property this month…speaking of Colombia, investors should examine  Ventana’s chart (VEN, TSX) which is looking very bullish with turnarounds happening now in the 100 and 200-day moving averages…Sidon International Resources (SD, TSX-V) has closed its $1.2 million financing (fully subscribed) at 10 cents…with that out of the way, Sidon can now concentrate on getting things going at Morogoro East…Tanzania is red hot with Canaco (CAN, TSX-V) leading the way…Sidon is unchanged at 14 cents…