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March 30, 2010

BMR Morning Market Musings…

Gold this morning is digesting its gains from the past two trading sessions and is currently down $1 an ounce to $1,108 (as of 7:15 am Pacific time)…the CDNX is down 1 point to 1,571…Gold Bullion Development (GBB, TSX-V) has enjoyed two strong days in a row and investors should be careful not to “chase” this as a minor pullback to the upper 20’s and a little more consolidation is likely from a technical standpoint before another new up-leg really kicks in…Gold Bullion touched 31 this morning and is currently at 30 cents, up half a penny from yesterday…Richfield Ventures (RVC, TSX-V) has pulled back this morning and is looking very attractive in the $1.70’s…Richfield has come out with news confirming that its 20,000 metre Blackwater drill program will commence within 2 weeks…Seafield Resources (SFF, TSX-V) is showing some weakness and is currently at 24.5 cents, down half a penny…history has shown that Seafield is always a great buy when it gets smacked down…we’ll be introducing a new stock to our portfolio very soon – at the latest, immediately after Easter…make sure to sign up for free BMR eAlerts by sending us a quick email ([email protected])…we won’t bombard you with email as we emphasize quality over quantity…

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