BullMarketRun.com

The CDNX is continuing its turnaround with a 12-point gain so far this morning to 1,473 (as of 10:40 am Pacific time)…a key technical test for the Venture, after last week’s sell-off to 1,429, will be to see if it can vault past its 50-day moving average just below 1,500…gold is strong this morning, currently up $14 to 1,075 as the U.S. dollar has taken a heavy hit today…Gold Bullion Development (GBB, TSX-V) is unchanged on the day at .105 which is disappointing given yesterday’s news, but we’re very confident in the progress this company is making at its Granada Gold Property…Gold Bullion should begin to firm as more investors catch on to this developing story…Richfield Ventures (RVC, TSX-V) came out with news this morning, announcing it is planning a 25,000 metre drill program at its promissing Blackwater Project in the Interior of British Colombia beginning in early April…that large program will focus on both exploration and resource definition…Richfield is extremely attractive at current levels ($1.14, up 14 cents on the day) for investors with at least a six-month time horizon…Seafield Resources (SFF, TSX-V) is up a penny this morning to 24 cents on volume of 285,000 while Colombian Mines Corporation (CMJ, TSX-V) – our other Colombian play – is up a nickel to 95 cents…CMJ is expected to start drillings its Yarumalito Property this week…