Gold has traded in a range of $1,392 to $1,408 today…as of 8:35 am Pacific, the yellow metal is now off just $2 an ounce at $1,405 after a big move yesterday…Silver is down 74 cents at $33.17 while the U.S. Dollar is essentially unchanged at 77.77…Gold hit a 7-week high overnight on civil unrest in Libya that also sent London Brent and U.S. light sweet crude oil prices to 2.5-year highs…the current environment for Gold is very positive and new all-time highs could be just around the corner…the CDNX got as high as 2438 this morning before going into retreat…as of 8:35 am Pacific, the Venture is now down 17 points at 2406…the supporting 10-day moving average (SMA) is sitting just below 2400…Gold Bullion Development (GBB, TSX-V) continues to recover…GBB is ahead three pennies this morning to 61 cents…Cadillac Mining (CQX, TSX-V) is on the move again thanks to a recently announced huge increase in 43-101 resources for Richmont’s (RIC, TSX-V) Wasamac Property near Rouyn-Noranda…the structure hosting Gold mineralization at Wasamac dips northerly toward the seven claims held by Cadillac which should find Richmont’s disclosure extremely encouraging…after 20,000 metres of drilling at Wasamac last year, Richmont has outlined plans for an additional 35,000 metres of drilling, so Wasamac is going to be a hot-bed of activity…given the news from Richmont, we believe there’s a very good chance Cadillac is going to seize the moment and drill its property as well…this is a great exploration story and holding ground that could be the depth extension of a potential 100,000 ounce-a-year producing mine is a major bonus for Cadillac which also has much more going for it…Cadillac is up another 2.5 cents this morning to 34 cents which gives it a market cap of only $8.5 million…Seafield Resources (SFF, TSX-V) is strong again today, up 3 pennies to 45 cents…the panic last week over an article concerning Ian Park allowed for a great buying opportunity as we believed it would…Seafield has recovered quickly from its low of 31 cents last Monday…that’s a classic example of why it’s so important to stay calm and not get emotional when something unexpected happens with a quality situation such as Seafield…the company has a valuable land package at Quinchia in Colombia with multi-million ounce potential…Sidon International (SD, TSX-V) is unchanged at 14 cents…in a positive technical development, Sidon’s 20-day moving average (SMA) is very close to reversing to the upside after being in decline for much of January and all of February so far…the chart for another company we follow in Tanzania – Currie Rose Resources (CUI, TSX-V) – is also looking increasingly bullish…CUI is up half a penny at 19 cents…with just a couple of weeks to go before PDAC in Toronto, where it will be showing off some of its core, we’re expecting news soon from GoldQuest Mining (GQC, TSX-V) – specifically, initial drill results from its La Escandalosa Property in the Dominican Republic and a 43-101 resource estimate for its Toral zinc-lead-silver deposit in Spain…GoldQuest is drilling about 40 holes at Escandalosa where the goal is to outline 1 million near-surface ounces…with strong management and excellent projects in its pipeline in addition to Escandalosa, GoldQuest has the potential to be a huge winner in 2011…the stock has more than doubled since we introduced it to BMR readers in late September and the chart is a picture of beauty…GQC is currently up a penny at 43 cents…Abcourt Mines (ABI, TSX-V) stands to benefit considerably from higher silver prices as interest in its Abcourt-Barvue Silver-Zinc Property should continue to intensify…ABI is unchanged at 20 cents…the company released more positive high grade assay results last week as it attempts to upgrade and augment reserves and resources at that former producing property which is one of the best silver assets in the country…
February 22, 2011
18 Comments
Sorry, the comment form is closed at this time.
-
-
-
-
Press "Reload" for fresh quote
My good friends at BMR. Saturday I was reading your new approach on investing . Not only you will keep using charts but now you will introduce the bible to better guide your decisions on how to invest ! . Ouch ! .I was going to wright a long essay for you guys on how it’s dangerous to mix up religion with other topics, like politics and in your case investments. But I won’t; because of my limited knowledge of the English language but also, I think it’s so obvious mixing religion with investments is not a good idea. In short guys..If you want us( the general public) to take you seriously…. I think you know what to do.
He is the text that I talking about from the owner of the website. Terry.
At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop. The Bible teaches so much about money and how to handle it and invest it – there are literally thousands of verses on how we should handle the money and possessions that God entrusts us with. By examining the life of Jesus and reading the Word of God, we can all become fully equipped to be successful investors and handle money wisely in order to make it work for us. If it’s the other way around – if you’re a slave to money by being in debt for instance, or if you don’t respect the value of money and spend it foolishly – you’re in trouble and you’ll never be blessed financially. We have a God who thinks big – He created the universe – and He wants us to think big in every area of our lives. When we handle money from a Biblical perpective (His money that we have been given stewardship of) He will bless our financial decisions and an increase of tenfold or a hundredfold is always possible. This all begins, of course, with a personal relationship with Jesus Christ by accepting Him as your Lord and Savior and putting Him at the throne of your life. It is the most important decision you’ll ever make.
God Bless,
Terry Dyer
Comment by Andre — February 22, 2011 @ 9:10 am
Andre,
The thing about “free will” is you are free not to follow this ‘free”
website. They do not and should not have to change any more than you have to take their investment suggestions. These guys put a lot of time and effort into this site and there are those that just complain. Try having an open mind.
Comment by Paul — February 22, 2011 @ 9:28 am
I have no problem taking BMR seriously and if they do that through religious views then all the power to them, if you don’t like what you read Andre then stop reading. Each to their own.
Comment by Brad — February 22, 2011 @ 9:33 am
Andre
The Bible is the inerrant word of God, everything you and I have and are able to enjoy on this earth comes from God. One of the reasons that I trust what the guys at BMR are putting out is because of their religious beliefs, do I blindly accept everything they recommend or say? ,No,I do my research and use the brain that God gave me, and, I take all of my investment decisions to God in prayer, He is the one I ultimately trust and rely on in my life for everything. Every good gift comes from God, James 1:17 says “Every good gift and every perfect gift is from above, coming down from the Father of lights with whom there is no variation or shadow due to change” The ultiamte gift for all us, that is free for the asking is the gift of eternal salvation thru Jesus Christ, his death on the cross and his resurrection. The Bible says we are all sinners, Romans 3:23 “for all have sinned and fall short of the glory of God” none of us are good enough or can do enough good things to earn our way to Heaven, there is only one way to Heaven and that is thru faith in Jesus Christ and what he did on the cross, He took on the sins of the world, for all of those who repent of their sins and believe and put their faith and trust in Him. It is not about religion, it is about relationships, having a relationship with the one and only God of this world, and all can have that relationship by just asking. God is good and he wants nothing more than to have a personal relationship with his creation. I sincerely hope Andre that you will take to heart what I have said. Christians are being attacked everyday all over the world for their beliefs, even in the United States people are trying to constantly silence us, so when I see Christians like Terry put his beliefs on money and investing out on his website for the world to see, I stand up and applaud him. Way to go Terry!! God Bless all of you.
Comment by GREG H — February 22, 2011 @ 10:26 am
Well Greg, I hope this website is not another tool use by religious extremist or religious sects to publicize or push there beliefs on others.It would be sad if that would be the case.
Comment by Andre — February 22, 2011 @ 11:31 am
Well said Gregh…….Although this is not a religious site, but people must understand that every things comes from the Almight Jesus Christ.Good faith and Trust on him can always fulfill the desires.
Comment by Eric Benson — February 22, 2011 @ 12:01 pm
Andre,
since I have started coming to this site back in November/December, I have not seen one person try and push any religious beliefs on anyone else here. I really do not like the word religious as it really leaves things wide open for interpretation and most people, unfortunately, think of religion as a set of rules and regulations that you must follow in order to be saved or gain God’s favor, and that is so far from the truth. That is where alot of people come up with the words religious extremists or religious sects. I have to laugh when I am typing that because The Almighty God that I believe in is nothing like that at all. Andre, I do not think that you have to worry about this site turning into a religious sect, based on what Terry has posted about his beliefs, he believes in the same God that I do, so you have nothing to worry about, however I am also sure in the event, or occasion comes up, Terry will not shy away from his beliefs either, as no Christian Brother or Sister should.
Comment by GREG — February 22, 2011 @ 12:22 pm
Greg you sound totally crazy. Please talk about stocks. Keep up the good work BMR.
Comment by Mike — February 22, 2011 @ 12:39 pm
Mike
I am sure to some I do.
How about that Cadillac today, whoo hoo!!
Comment by GREG — February 22, 2011 @ 12:48 pm
nice for you, I am a GBB holder which might explain my crappy attitude.
Comment by Mike — February 22, 2011 @ 12:52 pm
No problem Mike, hang in there, I think GBB will once again have it’s day to shine. I was thinking that about CQX a few weeks ago, and because of the info gained here from BMR’s research and my own, I bought more and averaged down and now I am in the green. For today anyway,lol.
Comment by GREG — February 22, 2011 @ 1:00 pm
Jon or John
Everton broke out today on large volume, you guys hear anything, just curious.
thanks
Comment by GREG — February 22, 2011 @ 1:05 pm
Greg..It’s because of Jesus that Everton broke out today….
Comment by Andre — February 22, 2011 @ 1:15 pm
Andre
lol, good one! you are right!
Comment by GREG — February 22, 2011 @ 1:26 pm
Hi Jon, just in relation to Greg’s comment on the breakout in EVR. Somebody obviously takes this lithocap theory very seriously and is buying big time today. What’s your take on this from a geology angle?
Comment by Patrick — February 22, 2011 @ 2:34 pm
Gee gads Gregg. You get that excited about a stock going up 4 cents or 11%.
Comment by david — February 22, 2011 @ 4:32 pm
Hi Patrick, it’s a very legitimate theory and one we’ll be discussing with Andre in an upcoming interview with him.
Comment by Jon - BMR — February 22, 2011 @ 8:16 pm
David
I am always excited when my stocks are going up, it beats the alternative?
Comment by GREG H — February 22, 2011 @ 10:13 pm