BullMarketRun.com

Gold has eased off again this morning after yesterday’s intra-day reversal…gold is down $8 an ounce as of 8:30 am Pacific time to $1,148…it ran to a 4-month high yesterday of $1,170, so a brief period of consolidation appears likely before gold resumes its climb…very strong support exists at $1,140…the CDNX, in sympathy with gold, reacted as it neared 1700 yesterday…the Index is off 23 points this morning to 1650…we look for the CDNX to find support at its 10-day moving average of 1640…Gold Bullion Development (GBB, TSX-V) made an attempt this morning to get through yesterday’s new 52-week high of 36.5 cents but reacted at that level, with the CDNX off sharply, and has reversed course…Gold Bullion is currently at 33 cents, down half a penny on over 1 million shares…technically, the new support for GBB is right around 30 cents…Gold Bullion President/CEO Frank Basa told BMR yesterday he expects to release an exploration update on Granada, including the Preliminary Block Model, within a week to 10 days…we were impressed with Basa in the interview…with heavy interest in the stock, he had an opportunity to be “promotional” but wasn’t…he was very businesslike and matter-of-fact, a style that demonstrates what this is clearly all about – the serious business of discovering a potentially major gold deposit…Basa showed us he has confidence the upcoming results will speak for themselves…interestingly, 3 of the top 10 volume leaders on the CDNX yesterday were companies along the “Cadillac Trend” – Gold Bullion, Alexandria Minerals (AZX, TSX-V) and Century Mining (CMM, TSX-V)…Kent Exploration (KEX, TSX-V) is up 1.5 cents to 21 cents this morning on low volume after a very busy day yesterday…Sidon International Resources (SD, TSX-V) is unchanged at 5.5 cents…BullMarketRun readers have been accumulating Sidon over the past couple of weeks between 5 and 7 cents…we expect to be reporting more on Sidon in the very near future…Seafield (SFF, TSX-V) President/CEO Tony Roodenburg has agreed to an interview with BMR which we expect within the next week…that’ll be a great opportunity for Seafield investors to get a better idea of what is happening on the ground with the company’s properties and exploration in Colombia…we have questions for Roodenburg as well regarding his Greencastle Resources (VGN, TSX-V) which is languishing at cash value of 13 cents…Richfield Ventures (RVC, TSX-V) is off 7 cents to $1.92 this morning…Colombian Mines (CMJ, TSX-V) is up 4 cents to $1.25…CMJ touched its 50-day moving average yesterday for only the second time since last September…North Arrow Minerals (NAR, TSX-V), a new company we introduced just last week, is sitting at a very attractive 20.5 cents this morning…we expect North Arrow to start drilling its North Carolina lithium property very soon…this is a company with a terrific portfolio of properties and the geological and financial strength to be a huge winner this year…