BMR Morning Market Musings…

Gold has traded within a range of $1,336 to $1,349 today…as of 8:35 am Pacific, the yellow metal is down $7 an ounce to $1,339…Silver is off 18 cents at $23.75 while the U.S. Dollar Index has firmed up slightly to 77.16…the CDNX is digesting yesterday’s whopping 56-point jump and is currently ahead 1 point at 1872…this is shaping up to be the 10th consecutive weekly advance for the CDNX which is now up 40% from the early July lows…the Index is now approaching a resistance band we’ve identified between 1900 and 2000, so it’ll be very interesting to see how the Index behaves in that area…we’re certainly not expecting a major correction…last night in “Technically Speaking”, John highlighted Rare Earth Metals (RA, TSX-V) which is up half a penny at the moment to 46 cents…other oppportunities in this space that we suggest investors perform due diligence on are Great Western Minerals (GWG, TSX-V) and Stans Energy Corp. (RUU, TSX-V)…rumor has it that the closing of Gold Bullion Development’s (GBB, TSX-V) $8 million financing is imminent and will be announced by early next week at the latest…with the financing completed, the company can ramp up exploration efforts in the LONG Bars Zone with a lot of drill results expected over the final 2 months of the year…GBB is currently off a penny to 57 cents…a company we haven’t mentioned for a little while that continues to have a very attractive chart is Currie Rose Resources (CUI, TSX-V)…Currie Rose announced this morning that a 3,000 metre RC drill program is beginning this weekend at its 100% owned Sisu River Property in Tanzania with an immediate follow-up program of another 3,000 metres based on results…of 13 samples recently collected at Sisu River covering an area 150 metres x 30 metres, 6 returned better than 5 g/t Au with the highest grade being 89.2 g/t Au…a drill program has also commenced at Currie Rose’s Scadding Property in Sudbury…Trueclaim Exploration (TRM, TSX-V) is the operator with an option to earn a 51% interest in Scadding…Currie Rose’s market cap is a modest $10.5 million…it’s currently up 2 cents to 13.5 cents…