BullMarketRun.com

Gold is stronger again this morning as it tries to get above the $1,100 level again…it’s currently up $6 an ounce to $1,097 (as of 8:15 am Pacific time)…the Venture Exchange has shown tremendous resilience this week while battling weaker gold prices, a declining 50-day moving average, and normal month-end selling pressures…this has potential bullish implications…the CDNX is ahead 8 points this morning to 1,558…the technical picture for the CDNX should really start to come into focus by the end of next week…we are still cautious at the moment as we wait to see how things play out, but the bulls have reason for optimism…Gold Bullion Development (GBB, TSX-V) has reversed a four-day slide and is charging higher once again…March has been a great month for GBB but we suspect the fireworks have only started with this stock with a preliminary resource block model and more assays on the way, not to mention a huge round of new drilling at Granada…all Gold Bullion has to do is drill, drill, drill…GBB is up 2 cents this morning to 26.5 cents as accumulation picks up again…Kent Exploration (KEX, TSX-V) has come out with an update on its Austalian and New Zealand exploration projects this morning…Kent has completed five holes totaling 1,137 metres at its Gnaweeda Turnberry Prospect, and an IP survey has commenced at Alexander River in New Zealand in advance of a drill program there…Kent is down half a penny to 16.5 cents…Seafield Resources (SFF, TSX-V) has backed off a little bit after a strong day yesterday…Seafield is at 26 cents, down 1.5 cents…