Gold is finishing 2010 on a powerful note…as of 8:45 am Pacific the yellow metal is up $15 an ounce at $1,419…Silver is ahead 39 cents at $30.85…the greenback remains under pressure despite better than expected U.S. economic data yesterday…the Dollar Index is off nearly two-thirds of a point at 78.85…after busting through a resistance band between 2150 and 2250 as we predicted would happen by year-end, the CDNX is closing in on 2300…it’s currently up 10 points at 2272…the next major resistance area is 2350…the possibility of a parabolic move in the CDNX in the first quarter of 2011 is very real based on technical patterns and what’s happening in precious metals and commodities in general…Gold Bullion Development (GBB, TSX-V), which was trading around 9 cents at this time last year, is at 84 cents this morning, down 1 penny…it has been a spectacular year for Gold Bullion which has drilled nearly 40,000 metres at the Granada Gold Property…GBB has made significant progress toward outlining a major open-pit deposit at Granada…this will continue to be a very exciting story to follow throughout 2011…there are other companies in the general area around Granada that we are watching closely, not the least of which is Cadillac Mining (CQX, TSX-V) which is one our favorites for 2011…with a current market cap of just $9.5 million, CQX offers considerable upside potential through its Cadillac Trend properties and potential acquisitions in the Great Basin as outlined by the company in a news release yesterday…we’ll have much more on Cadillac Mining during our upcoming visit to Rouyn-Noranda which begins next Wednesday…with an attractive share structure, strong management and a solid current portfolio of properties, CQX has all the ingredients to become a big winner in 2011…as of 8:45 am Pacific, Cadillac is unchanged at 38 cents…in addition to CQX and GBB, there are nine other companies in the current BMR model Portfolio that we are very excited about going into 2011…in alphabetical order, Adventure Gold (AGE, TSX-V), Colombian Mines (CMJ, TSX-V), Currie Rose Resources (CUI, TSX-V), Excel Gold Mining (EGM, TSX-V), GoldQuest Mining (GQC, TSX-V), Greencastle Resources (VGN, TSX-V), Richfield Ventures (RVC, TSX-V), Seafield Resources (SFF, TSX-V) and Sidon International (SD, TSX-V)…all of those companies, with the exception of Greencastle, will be in the midst of drill programs in January (a major drill campaign is starting at CUI’s Scadding Gold Property near Sudbury)…Greencastle, however, has a lot going for it as it just recently (October) made a strategic shift to get much more active in the Gold exploration space…reading between the lines of recent VGN news releases, we anticipate the company may soon add an advanced stage Gold property to the three properties it currently holds (two in Nevada and one in British Columbia near Richfield’s Blackwater Project)…Greencastle is loaded with cash (approximately $6 million) and its oil royalty revenues could increase significantly in 2011 with higher average prices for heavy crude…VGN is currently at 35 cents with a powerful looking overall chart…we wish all of our readers all the best for 2011 with a New Year full of peace, joy, good health and prosperity…HAPPY NEW YEAR – we’re back with our Morning Musings on Tuesday, January 4, and beginning Wednesday we’ll be reporting from one of the world’s greatest Gold producing regions, the Cadillac Trend in the Abitibi Greenstone Belt of northwestern Quebec…
December 31, 2010
8 Comments
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Thanks Guy, HAPPY NEW YEARS!
Comment by jeff — December 31, 2010 @ 8:42 am
Hi Jon and whole team of BMR.
Once again many thanks for the wonderful job you’ll have done. I wish you a very happy and
prosperous New Year. May Almighty God bless his showers in the coming year.
Comment by Eric Benson — December 31, 2010 @ 8:58 am
Hi Jon
I want to thank you for your detailed analysis over this last year. It was this, and Frank’s (frankness) that convinced
me early this year to take a large position in GBB. Wishing all of you and your families at BMR Best Wishes for a Happy
New Year. Have a safe trip back up to Rouyn Noranda and be sure to pack your warmest underwear. Keep up the great work, it is
appreciated more than you realize. Regards Bob
Comment by Bob — December 31, 2010 @ 9:27 am
Hi Jon, like Bob said, your research and recommendations is appreciated more than you realize. It is through your postings that the companies were brought to my attention and I was able to due my own DD and buy stocks in your portfolio that has made some nice ROI’s in 2010. I will continue to follow this website and hope that your current recommendations will continue to shine and many more GEM’s will be uncovered in 2011. GBB is one beauty! Wishing you and your team all the best in 2011!
Comment by Dan — December 31, 2010 @ 9:54 am
Jon,Although Troymet Exploration isn’t part of the BMR portfolio will you be doing a full report on the company anytime soon? I looked at Troymet’s chart today and it appears that TYE is poised to make a run at it’s all time high . With those 3 drill programs you mentioned this week beginning soon,especially the one adjacent to Richfield’s Blackwater Deposit,is there a legitimate way to determine an upside target for TYE in 2011? Thank you so much for this incredible service. I’m not exactly sure how I stumbled onto the BMR website this year but there’s no doubt to Whom I’ll be giving credit (Proverbs 3:5-6) ! Thanks Again and Happy New Year!
Thomas O.
Comment by Thomas O. — December 31, 2010 @ 4:07 pm
We’re certainly going to keep a close eye on Troymet – lots of potential here and you’re right, the chart looks very good. Happy New Year!
Comment by Jon - BMR — December 31, 2010 @ 7:32 pm
Hi Jon, Happy New Year to you and all the team at BMR and I’m sure its going to be very interesting with all the exciting companies and hopefully very profitable. Just one point, which is not a criticism more of an observation, is the lack of at least one dedicated silver play in the portfolio. I know that some of the companies have a silver element but they are not getting the rates of appreciation that a pure play silver operator would at the moment. I own some pure silver plays and they are appreciating much quicker than my gold plays at the moment. There are big changes happening at the moment in the silver market with the CFTC looking closely at manipulation and the Max Keiser campaign to buy silver and sink JPM. Now is a good time to look at getting involved in this sector. Some likely candidates I like are Southern Silver SSV, Aura Silver AUU, Tinka Resources TK and Yale Resources YLL. This sector is red hot at the moment and this will continue imho.
Comment by patrick — January 1, 2011 @ 3:48 am
Thank you BMR and a very happy and prosperus New Year to all.
Ralph
Comment by ralph — January 1, 2011 @ 4:53 am