Markets dropped heavily at the opening bell this morning and the CDNX fell as low as 1581, as close as it has come to its rising 100-day moving average (just above 1560) since this year’s market bottom in early February…this could be shaping up as an important “reversal” day, one that our technical analyst said to watch out for in his piece this morning…as of 8:35 am Pacific time, the CDNX has recovered to 1595 – a 27 point drop on the day after a 43 point drop yesterday…this has the “feel” of a bottom – we’ll see what the next few days bring…Gold sold off to $1,156 this morning but has rebounded strongly…Gold is now up a dollar on the day at $1,173…the U.S. Dollar is again significantly higher this morning, so in light of that Gold is performing extremely well…Gold Bullion Development (GBB, TSX-V) hit a low of 33.5 cents this morning but it too has rebounded in what could very well be an important “hammer” reversal…the stock is now down just half a penny at 36.5 cents on just over a million shares…Jordan Capital swooped in on weakness during the first half hour of trading, an encouraging sign…Gold Bullion continues to look very strong, fundamentally and technically, and immediate accumulation at these levels makes sense…North Arrow Minerals (NAR, TSX) is down a penny to 22 cents…North Arrow is extremely attractive at current levels and the market weakness is providing some unexpected but welcome accumulation opportunities with this stock…Sidon International (SD, TSX-V) has pulled back to 6.5 cents but on low volume, a clue that the overall uptrend remains intact and the stock is just taking a temporary “breather” after a strong run last week…we expect the company to close its $750,000 financing very soon…Richfield Ventures (RVC, TSX-V) has rebounded after touching a low of $1.81 this morning…Richfield is now up 12 cents to $1.99, so there too we have a “hammer” reversal…Kent Exploration (KEX, TSX-V) continues to be a “no brainer” buy with the upcoming shareholder dividend in the form of Archean Star shares…it’s not hard to do the math….if an individual were to buy 100,000 Kent shares by the “effective” date which will be very soon, they’d receive 25,000 shares of Archean Star which is being financed at 25 cents…theoretically, the Archean Star investment would have an initial market value of approximately $6,250 as it begins trading on the CDNX…in the unlikely event Kent would drop to 15 cents, the investor is still ahead $2,250 or 12%…we actually expect Kent to perform extremely well in the coming months, even without Gnaweeda, as it focuses on its highly prospective Alexander River Gold Property in New Zealand and the Flagstaff Barite Property that could generate $1.5 million in cash flow for Kent in the second half of this year…