BullMarketRun.com

Gold is off its lows of the day (found support just above $1,140) and at 8 am Pacific time is trading up $1.00 an ounce to $1,151.00…crude oil futures are off nearly a dollar a barrel to $81.64…some profit-taking in the Venture Exchange this morning – and that’s all it is – with the CDNX down 15 points to 1,594…its 11-day winning streak is in serious danger if we don’t see an abrupt turnaround…Kent Exploration (KEX, TSX-V) made some noise yesterday, hitting 24 cents on just over 1.5 million shares…it closed at .21 and is unchanged so far this morning on lighter volume…from a technical standpoint, this stock looks like it wants to go higher and potentially break out very soon…current market cap of $6 million is still very cheap in our view, and the company is expected to be releasing some exploration news soon on its Alexander River gold project in New Zealand which we are very bullish on…we are keeping a close watch on Greencastle Resources (VGN, TSX-V), which is down two cents this morning to .175 and in our “immediate buy” zone…this company is trading at just above cash value, has monthly revenue from oil and gas royalties, and will soon be drilling for new oil wells in what we believe is a highly prospective area in Saskatchewan…Greencastle also has a coal property in Manitoba, a short distance from a discovery last year by Westcore Energy (WTR, TSX-V), and some attractive gold exploration properties in Nevada…Gold Bullion Development Corporation (GBB, TSX-V) traded as high as .125 this morning but is currently off half a cent to .115 on 340,000 shares…major accumulation continues in GBB and for good reason as we have stated here repeatedly over the past few weeks…an intriguing situation is unfolding with Richfield Ventures (RVC, TSX-V) which we’re accumulating on weakness…we will explain more in a separate posting later today…