BullMarketRun.com

Gold has retreated on profit taking, stronger U.S. economic data and a higher U.S. Dollar after hitting a new record high of $1,317 this morning…as of 8:55 am Pacific, the yellow metal is off $8 per ounce to $1,302 (it fell as low as $1,295)…the CDNX got as high as 1722 in early trading but has also pulled back on this final trading day of the month and quarter…the CDNX is now off 10 points to 1703…it has very recently found support around 1700 and above the previous high of 1691, so we’ll see if that continues…the Venture has enjoyed a terrific 3rd quarter, up slightly over 20%, and the successful strategy has been to buy on pullbacks as we’re experiencing today…Gold Bullion Development (GBB, TSX-V) is off a penny to 55 cents…the stock is showing tremendous resilience just above its rising 100-day moving average…we see a “breakthrough” 4th quarter coming up for Gold Bullion as results pour in from the LONG Bars Zone and drilling intensifies…Adventure Gold (AGE, TSX-V), Gold Bullion’s new neighbor at Granada, is up another penny this morning to 27.5 cents…we spoke with AGE President and CEO Marco Gagnon yesterday and our impression of him is very favorable…this 3-year old pure Gold exploration company has a talented group that has assembled a strong portfolio of 19 properties in 6 different highly prospective areas of Quebec and Ontario including some strategic claims at Granada…with that kind of a project pipeline in addition to $3.5 million in cash and stock, AGE has considerable upside potential in this strong market with a modest current market cap of $13 million…Seafield Resources (SFF, TSX-V) is down a penny at 23.5 cents, exactly at its rising 20-day moving average…Sidon International Resources (SD, TSX-V) has been weak lately without an “up day” since September 20…its primary trend, however, remains positive and powerful as the stock is strongly supported by rising 100 and 200-day moving averages…a correction in the stock in that kind of a situation has to be viewed in a bullish, not a bearish, sense…investors often lose sight of the bigger picture and have a tendency to get bearish when they should instead be bullish, or vice-versa…when there’s a Boxing Day sale, shoppers sometimes start lining up the night before…when there’s a stock sale, the same people often make the mistake of getting scared and they run away – the exact opposite of what they should do…successful traders and investors are patient ones who learn to conquer their emotions…fundamentally, Sidon has an excellent project with its Morogoro East Property in Tanzania…it has raised $1.7 million this month and is in a great position to make some things happen during the final quarter of the year…SD is currently up half a penny to 11 cents…