BullMarketRun.com

Gold is fairly quiet this morning which is likely going to be the case through the Christmas period…as of 8:30 am Pacific, the yellow metal is essentially unchanged at $1,369…Silver is down 4 cents at $28.84 while the U.S. Dollar Index is charging higher, up more than half a point to 80.57…U.S. Treasury yields are at 6-month highs, supporting the greenback and pulling some demand away from precious metals…we are very encouraged, however, by the action in the CDNX which is telling us that Gold’s current weakness is only temporary…the CDNX is up 9 points to 2115 and has been out-performing Gold recently which is a very positive sign…it seems certain the CDNX will hold support between 2090 and 2100 over the coming days prior to rallying strongly at year-end when it will likely blast through resistance at 2150…Cadillac Mining (CQX, TSX-V) continues its relentless push higher…CQX is currently up 3.5 cents to 45 cents on nearly 700,000 shares…this stock has been playing “catch up” in terms of a fair market capitalization vs. its peers, and at 45 cents its market cap is still only $11.2 million which remains very modest in our view…the company’s “Wasa” Property adjoining the Wasamac Mine that Richmont Mines (RIC, TSX) is aiming to bring back into production is a valuable asset for a variety of reasons…not only does the principal structure hosting the Wasamac Gold mineralization dip northerly toward the seven titles and 164 hectares held by Cadillac, but CQX has discovered a zone on those claims that it believes could be a feeder system typical of those seen under VMS systems in the Noranda camp…Cadillac also appears close to pulling the trigger on a precious metals project in the Great Basin as disclosed in a recent news release…the company also has a silver property of considerable merit in British Columbia…the volume surge in this stock in recent months clearly suggests something VERY big is in the works, so 2011 looks extremely promising for CQX…15 kilometres to the east of Wasamac is Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property which we’ll be visiting again soon…GBB had a strong day yesterday and is currently off a penny at 76 cents…John’s chart on Seafield Resources (SFF, TSX-V) this morning is very interesting…we’re blessed with a great technical analyst who very much likes what he sees in SFF at the moment…the stock is off 2 pennies at 54 cents this morning on relatively light volume…it’s trading however in an area of very strong support as John outlined…an important factor in order for Seafield to move higher in the immediate future is a quick closing of its recently proposed private placement at 50 cents…a quick closing (before year-end) will be very bullish for the stock in our view…as readers know, we see major potential in the company’s Quinchia Project – in particular, the Dos Quebradas Property where drilling has started…results on 9 more holes are still pending from Miraflores…we’re working on an update regarding Sidon International (SD, TSX-V)…everything continues to look positive with Sidon, technically and fundamentally…the stock is off half a penny this morning to 18.5 cents…trading is quiet so far today in Greencastle Resources (VGN, TSX-V), GoldQuest Mining (GQC, TSX-V), Currie Rose Resources (CUI, TSX-V) and Richfield Ventures (RVC, TSX-V)…