BullMarketRun.com

From Rouyn-Noranda, Quebec, 10:15 am eastern

Greetings from Rouyn-Noranda, Quebec, home of the Xstrata Smelter with Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property just 5 kilometres to the south…we have returned to the infamous “Cadillac Trend” and the world’s #1 ranked jurisdiction for mining and exploration…anyone seriously interested in this business as an investor needs to visit this amazing area – it is truly an eye-opener…there is so much to see and learn…Gold Bullion is once again graciously allowing us another peak at the LONG Bars Zone this afternoon…we are here today and tomorrow and we’ll be filing our first major report at 10 o’clock eastern tonight…the company has not released any exploration news and drill results since July 29 but the news last month was certainly encouraging, so we remain extremely upbeat about this project…so too, it seems, is Jordan Capital which has been on another buying spree lately and they are a key player to watch in the GBB market…we do know, based on Gold Bullion’s web site Fact Sheet which was updated yesterday, that 16,000 metres (out of a planned 20,000 metres) has now been completed in Phase 2 and news is “pending” from Granada – we take that to mean within a week or so but that’s just a wild guess…what also stood out on the Fact Sheet was another drill core picture from an unidentified hole in the eastern extension that appears to us to be feldspar porphyry which is interesting…this is becoming a common theme…GBB’s news last month emphasized the fact that drilling in the east is intersecting a lot of altered feldspar porphyry which may prove to be very significant (assays of course will tell the tale)…what we’re hoping Gold Bullion will be able to do in the near future is lay out more specifics regarding the Granada geological equation – in particular the very intriguing scenario that seems to be taking shape east of the Block Model…we’ll get into this a little more tonight…Granada is a fascinating geological story and those who like to keep focused on the “big picture”, and not allow themselves to get distracted by hourly price moves in the stock, cannot help but remain very confident and excited about the enormous potential of the LONG Bars Zone and its possible “twin brother” further east…we’re very much looking forward to our site visit later today…the rain in Rouyn has now stopped and the weather is expected to improve rather dramatically…Gold Bullion is unchanged at 54 cents as of 10:15 am eastern…Gold is up another $10 per ounce to $1,240 after a powerful intra-day reversal yesterday…BMR’s technical analyst provided an update on Gold this morning…John is not expecting a breakout to new highs just yet but it is something to prepare for…the CDNX is hugging its rising 20-day moving average, where there is good support, and is currently down 1 point at 1456…we believe there’s huge technical support at the 50-day SMA, 1425, so the downside from here appears very limited in our view…the primary trend is up with the CDNX and that’s important to understand…the BMR Portfolio is quiet so far today…we’re keeping an eye on Richfield Ventures (RVC, TSX-V) which is expected to release more drill results from Blackwater next week…Richfield is currently unchanged at $1.60…we’re also watching North Arrow Minerals (NAR, TSX-V) closely as the company is expecting to get word any day now on its drill permit application for Lac de Gras…it’s very possible North Arrow could be drilling its highly prospective diamond property next month…the Dow has taken a beating the last few sessions – it has dipped below 10,000 this morning – and there are a lot of nervous investors which is good…on an important political note, voter turnout in the Republican primaries last night was far greater than the turnout in the Democratic primaries, further evidence the Democrats are in serious trouble in the upcoming Congressional elections…for what it’s worth, our prediction is that the Republicans will win back control of the House, and possibly even the Senate, and this is going to have significant positive implications for the market which has consistently shown over the years that it loves gridlock in Washington…in addition, Obama’s radical left and anti-business agenda will suffer a serious blow…one more reason we see strong markets in the fall…

It's a cloudy and showery day in Rouyn - this picture was taken at 8 am today. Beautiful Lake Osisko is in the background with the Xstrata Smelter just a 5-minute walk away. Osisko Mining, which of course has the huge Canadian Malartic Deposit just 65 kilometres to the east of Gold Bullion’s Granada Property, took its name from Lake Osisko where Canadian mining legend Edmund Horne made a major discovery in 1920 that became the famous Horne Mine and built the Noranda Mining Company.