BullMarketRun.com

Gold has traded in a range of $1,371 to $1,393 today…as of 8:25 am Pacific, the yellow metal is at $1,381, down $6 an ounce…Silver is off 38 cents to $28.38 while the U.S. Dollar Index is slightly ahead at 80.10…CPM Group, a New York commodities research and advisory firm, released a 224-page report yesterday on the outlook for the silver market…the firm predicts silver will trade at historical highs over the next decade…the study is a comprehensive analysis of the key market fundamentals of silver that are expected to influence prices over the next 10 years…the report contains projections for global mine production through 2019 on a mine-by-mine basis and also contains a new China section with an analysis of the silver supply and demand in a previously opaque market…CPM Group said the use of silver in China during 2009 was perhaps twice as much as had been believed…one of the best “pure silver” plays we like at BMR is Great Panther Silver (GPR, TSX) which more than doubled since we first mentioned it a while back…GPR is off a nickel this morning to $2.43, very close to its 10-day moving average where there should be strong support…we’re continuing to work on uncovering some high quality CDNX silver plays…the CDNX is off 3 points this morning to 2106…it’s very important to point out that while Gold has dropped about 4% from its new all-time high at the beginning of the week, the CDNX has fallen only half that amount…we’ve seen this type of thing many times this year and because the CDNX is such a reliable leading indicator, what it tells us is that Gold’s weakness is only temporary and the primary uptrend in both the CDNX and Gold remains firmly intact…in otherwords, buy into the dip…right before Christmas we really expect the CDNX to start taking off…Cadillac Mining (CQX, TSX-V) is strong again this morning, up another 5.5 cents to 31.5 cents…this stock has had a great run recently but its market cap is still only a paltry $7.5 million…there is a very strong fundamental case for Cadillac Mining with its properties along the Cadillac Trend and the fact the company could pull the trigger at any time on a new project acquisition, likely a major one we believe, in the Great Basin as disclosed in a news release last Monday…Cadillac Mining also has a silver project in the British Columbia interior that is very intriguing…the chart for this stock and the volume surge we’ve seen clearly indicate CQX has started a new chapter in its history, so the possibilities for this one with a current market cap of only $7.5 million are indeed immense…it’s one of our top picks for 2011…Gold Bullion Development (GBB, TSX-V) is off 2 pennies at 68 cents…we see Frank Basa has done another interview with Jay Taylor…we’ll be doing our own interview with Basa in the near future prior to Christmas…keep an eye on Colombian Mines (CMJ, TSX-V) which has finally broken through resistance at 95 cents as we were speculating it could…it closed yesterday at $1.05 and is off a nickel this morning…with the breakout, CMJ could be a very strong performer over the coming weeks…Sidon International (SD, TSX-V) is unchanged at 19.5 cents…it fell as low as 17.5 cents this morning where there is very strong technical support as we indicated a few days ago…Seafield Resources (SFF, TSX-V) now in the process of completing an $8 million financing at 50 cents, is off 3 pennies at 59 cents…the stock has rock-solid support in the mid-50’s and we expect action in SFF will heat up again quickly as soon as the financing is complete and approved by the Exchange…GoldQuest Mining (GQC, TSX-V) has firmed up nicely in recent days, likely on anticipation of the resumption of drilling at its properties in the Dominican Republic and the pending release of a 43-101 on the Toral zinc-lead-silver project in Spain…GQC is currently up half a penny at 40 cents…