The markets are searching for direction this morning…gold has traded between $1,128 and $1,142 and as of 7:30 Pacific time is basically flat on the day at $1,134…the CDNX finished at a 52-week closing high of 1,606 yesterday and is currently up a point to 1,607…we’re preparing a new article regarding Gold Bullion Development Corporation (GBB, TSX-V), likely to be released tomorrow, after a fascinating interview yesterday with company President/CEO Frank Basa…Gold Bullion is even on the day so far at .115…assays are pending from the first few holes drilled last month at the Granada Gold Property…we collected a treasure chest of material from the Resource Conference which we’ll be sharing over the course of the next week or so…we are very bullish on the outlook for all of the companies currently in our portfolio, and we’ll be adding a couple more in the near future…
Noront Resources (NOT, TSX-V) is down 11 consecutive trading days and is getting very close to its 200-day moving average of $1.55 where it should find strong support…Noront is not part of our portfolio but this is a stock we like to trade and we consider its long-term potential to be outstanding…
January 19, 2010
BMR Morning Market Musings…
Comments Off on BMR Morning Market Musings…
No Comments
No comments yet.
Sorry, the comment form is closed at this time.