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January 7, 2010

BMR Morning Market Musings…

Markets are a little soft this morning but gold’s drop of $9.00 an ounce to $1,129 is clearly a profit-taking pullback…gold’s technical strength has improved substantially over the past several days, and the current primary direction is up…Gold Bullion Development Corporation (GBB, TSX-V) is strong this morning, up a penny to .11 on 300,000 shares in the first hour of trading…Gold Bullion is our favorite pick for the month of January and it’s showing why…we’re keeping an eye on Richfield Ventures (RVC, TSX-V) which has pulled back to an area of strong support around $1.30… our other selections are doing well, and both Kent Exploration (KEX, TSX-V) and Colombian Mines (CMJ, TSX-V) have shown solid strength recently…both should be accumulated on any weakness, along with Seafield Resources (SFF, TSX-V)…

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