BullMarketRun.com

Gold is taking a bit of a breather this morning and is currently down $5.00 an ounce to $1,113 as of 8:00 am Pacific time…gold ran as high as $1,128 overnight but couldn’t hold those agains…gold is flirting with a key technical area ($1,120 – $1,130) and we believe it’s just a matter of time before it successfully breaks through that resistance on a closing basis, and probably sooner rather than later…the CDNX, which has posted gains for seven consecutive trading sessions, is up 3 more points this morning to 1,523…by the middle of next week we should see a reversal in the Venture’s 20-day moving average which implies a strong finish to the month and a robust start to March…Colombian Mines Corporation (CMJ, TSX-V) has announced a $3 million private placement at 95 cents a share which has cooled off the stock a little bit…the new floor on CMJ is now right around the $1.00 level where we still consider it to be an excellent entry point…we first initiated coverage on CMJ at 60 cents in early December…investors need to be accumulating Richfield Ventures (RVC, TSX-V) which we expect will be one of the best performers on the CDNX over the next few months…drilling is getting set to resume at its Blackwater Property in the Interior of British Colombia where Richfield made an important discovery last summer/fall…$5.00 on this stock is a very real possibility this year as it appears Blackwater could hold at least three million ounces of gold as a bulk tonnage deposit, based on the incredible drill results so far…Richfield is a “no-brainer” buy at $1.15 and on any weakness…there is no sense chasing this at much higher levels next month or later…tuck this stock away for a five or even potentially a 10-bagger from here…Richfield is also a prime takeover target with so many potential ounces in the ground (i.e. Canplats)…we believe that’ll be one of the big investment themes of the year in the junior resource market, majors swallowing up juniors to add ounces to their bottom line…