BullMarketRun.com

Gold is higher today on fresh safe-haven buyer interest due to more tensions between North and South Korea and the European sovereign debt crisis…as of 8:00 am Pacific, the yellow metal is up $4 an ounce at $1,380 while Silver is actually off 19 cents at $29.00…the U.S. Dollar Index is up one-quarter of a point at 80.70…the CDNX, after a powerful move Friday, is up another 4 points to 2138…the Index is clearly beginning to break out again and we expect the resistance band between 2150 and 2250 will be overcome by year-end…seasonally, this is also traditionally a period of strength for the CDNX which gained 7% last year over the final 8 trading sessions and a whopping 14% over the final 3 trading sessions of 2008…Gold Bullion Development (GBB, TSX-V) has hit a new all-time high of 93 cents this morning…technical buying has been coming into the stock after last week’s push through resistance in the mid-to-upper-70’s…GBB is currently ahead 8 cents at 89 cents on strong volume….2010 has been a spectacular year for Gold Bullion and 2011 could even be more interesting as exploration and development intensify at the Granada Gold Property…last year at this time we discovered GBB when it was trading at just 7 cents…our discovery this December is Cadillac Mining (CQX, TSX-V) which has enormous potential going into 2011 with its properties west of Granada and the strong possibility of a major new project in the Great Basin…Cadillac is up 1.5 cents this morning to 43 cents which gives it a market cap of only $10.75 million…there are so many factors in favor of this company including a strong management team…we’re looking forward to our upcoming trip to Rouyn-Noranda when we’ll be reporting much more on Cadillac in addition of course to Gold Bullion and others…Everton Resources (EVR, TSX-V), not yet part of the BMR Portfolio, came out with encouraging drill results this morning from its APV Property in the Dominican Republic….we’re still reviewing the results but don’t base the quality of them on the action of the stock this morning…Everton is off 3 pennies at 35 cents on the “sell on news” mentality of some investors but the numbers are good and EVR is on the right track in the DR…GoldQuest Mining (GQC, TSX-V), also with a strong presence in the DR, is up half a penny at 38.5 cents after hitting a high of 41.5 cents…we expect drilling to be in full swing at GQC’s DR properties in January and a 43-101 resource estimate is expected soon from the company’s zinc-lead-silver deposit in Spain…2011 is going to be an exciting year for GoldQuest in our view…Adventure Gold (AGE, TSX-V) is ahead half a penny at 48 cents…with activity on numerous fronts, AGE is expected to be a strong performer as the New Year begins…the AGE chart continues to look very positive…Sidon International (SD, TSX-V) is up half a penny at 19 cents…drilling continues at Sidon’s Morogoro East Gold Property and the company has also secured ground (5,000 hectares) near Canaco’s (CAN, TSX-V) discovery…Seafield Resources (SFF, TSX-V) is off 2 pennies at 54 cents…we’re watching SFF closely as the trading action over the last 11 sessions shows some very bullish technical patterns…it’ll be interesting to see how quickly the company can close its recently proposed $15 million financing at 50 cents…results from 9 more holes at Miraflores are pending and 3 holes have already been completed at Dos Quebradas which is rich in porphyry targets over a wide area…the SFF chart we posted Friday shows a Fibonacci target of $1.05 for Seafield (not a BMR price target but a theoretical Fibonacci target based on technical indicators as a guide for investors)…Seafield should definitely be watched closely…if the multi-million ounce potential of Quinchia begins to resonate with investors through additional drill results, this will do extremely well…Currie Rose Resources (CUI, TSX-V) is off half a penny at 37 cents…the stock is in  good shape technically, however, with lots happening on the exploration front…drill results are pending from Sisu River at its very promising Mabale Hills Project, the company has other outstanding properties in Tanzania including Sekenke, and Trueclaim (TRM, TSX-V) is drilling the Scadding Gold Property which it has an agreement on with Currie Rose…