BullMarketRun.com

Gold has stabilized after a sharp drop yesterday and is up $4.00 an ounce to $1,091 as of 8:50 am Pacific time…the CDNX this week has been holding up well and is not behaving in a way that would suggest commodities and the precious metals sector are about to crash as some analysts are suggesting…the reversal in the CDNX’s 50-day moving average last week was a cautionary “red flag” for us…we remain cautious as our goal is not only “home run” hits in the junior resource sector but preservation of the wealth we build…the action we’ve seen in the Venture this week, however, is encouraging so far…the CDNX is currently up 6 points on the day to 1557…it would be extremely positive if this market could hold at or above its 50-day moving average (1540) over the course of the next week or so…Kent Exploration (KEX, TSX-V) has rebounded this morning from oversold conditions and is currently up 2.5 cents to 18.5 cents…Kent has tremendous upside potential and patient investors should be rewarded handsomely with this stock…Gold Bullion Development (GBB, TSX-V) continues to consolidate around 25 cents which is very positive from a technical point of view as the recent overbought condition continues to unwind…Merrill Lynch picked up 200,000 Seafield (SFF, TSX-V) shares this morning, driving it up to 26.5 cents…Colombian Mines (CMJ, TSX-V) is up 6 cents to $1.35, Richfield Ventures (RVC, TSX-V) is unchanged at $2.00 and struggling Greencastle Resources (VGN, TSX-V) is also unchanged at 13.5 cents…we expect to add a new stock to our portfolio to kick off the month of April…we are just completing our due diligence and we believe we may have another huge winner on our hands…