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The BMR Portfolio (2nd of 2 Parts)

GoldQuest Mining (GQC, TSX-V)

GoldQuest enjoyed another solid week, climbing 2.5 cents to close at 28.5 cents…the stock traded as high as 31 cents Thursday, just 1.5 cents shy of its 52-week high…GQC’s short-term moving averages (10 and 20-day) are back in bullish alignment and the stock found strong support in Friday’s sell-off at 26 cents…GQC is one of our favorites with an outstanding portfolio of Gold projects in the Dominican Republic including Las Tres Palmas and Las Animas…the company also holds the Toral Silver-Lead-Zinc Project in northwest Spain with an historical (non-compliant) estimate of 5.4 million tonnes grading 9% zinc, 6% lead and 45 g/t Ag…a 43-101 is currently being prepared on Toral in addition to Las Tres Palmas…Las Tres Palmas is an exceptional target as demonstrated by new drill results released this past summer which included 26 metres grading 11.4 g/t Au in LTP-39 and 53 metres of 3 g/t Au in LTP-41 from the Escandalosa Zone…the results extended the known mineralization at Escandalosa to the northeast and south where it remains open in both directions…the Gold occurs as a flat-lying stratiform zone at shallow depth with mineralization interpreted to be part of a larger intermediate sulphidation replacement-style system which has now been defined intermittently over a strike length of 2,100 metres…Las Tres Palmas is part of the company’s San Juan Project which was discovered by GoldQuest geologists during the Gold Fields-funded regional exploration program in an area believed to have no previous history of mining or exploration…based on results to date, additional drilling at Las Tres Palmas could give GoldQuest a deposit of a million ounces or more at this property…that is clearly the potential…the initial 43-101 is expected to fall considerably short of that mark with only 42 holes drilled so far but the 43-101 will add fundamental value to the company and provide a base to build on…GoldQuest is in the process of organizing its exploration plans for its various DR properties including Las Tres Palmas…we expect by January at the latest GQC will be in the midst of a major new drill program in the DR…GoldQuest is up 33% since we added it to the BMR Portfolio in late September…in mid-2007, when the CDNX was trading above 3000, GoldQuest ran to an all-time high of $1.80 for a market cap of about $100 million…the company has much more going for it now in the DR, and has also since built a strong presence in Spain with a polymetallic project at Toral that definitely has production potential, so the possibilities for GQC going into a very hot market in 2011 are incredibly exciting to say the least…

Sidon International (SD, TSX-V)

Sidon was unchanged for the week at 10 cents and we can’t help but think this area, where the stock has been trading at since late September, is the bottom after a 50% drop from a climb to a 52-week high of 18 cents in early August…Sidon continues to trade within its 100 and 200-day SMA’s and the market is just waiting for news, we think, for SD to break to the upside once again…we remain very bullish on the prospects for Sidon though the company seems to be holding its cards close to its chest at the moment…we fully expect that Sidon’s Morogoro East Gold Property in eastern Tanzania will generate major interest in the coming months…it also wouldn’t surprise us if Sidon picks up additional land packages in Tanzania…the share price is underpinned by rising long-term moving averages (100, 200 and 300-day SMA’s) which confirms the outlook remains very positive…Sidon is up 100% since we uncovered this diamond-in-the-rough for BMR readers last spring…

Seafield Resources (SFF, TSX-V)

Seafield was off half a penny for the week at 20 cents, its 100-day rising SMA where there is strong support…like with SD, the market is anxiously waiting for an exploration update from Seafield…based on our interview with President and CEO Tony Roodenburg recently, we expect some news very soon…no assay results have yet been reported from Miraflores where drilling started over 4 months ago…the goal is to increase the 43-101 compliant resource at Miraflores by approximately 25% to 1 million ounces…Seafield’s best prospect at Quinchia is Dos Quebradas…historical drill results as well as recent geophysical and soil sampling work by Seafield suggest Dos Quebradas is a highly prospective porphyry-style target that holds major discovery potential…Seafield’s third property at Quinchia is Chuscal but the company is still waiting for Colombian government sign-off on that deal (expected in the near future)…with a market cap of only $20 million, the risk-reward ratio with this play right now appears to be very favorable…Roodenburg stated the company also has plans for its Picachos silver-Gold Property in Mexico…Seafield’s other asset is its Elora Gold Property near Dryden, Ontario, which previously has delivered very promising results…Seafield is up 233% since we introduced it to BMR readers in the summer of last year…we see strong fundamental value with SFF…

Excel Gold Mining (EGM, TSX-V)

Excel held its AGM last Tuesday and Frank Basa was elected President which was an encouraging development…Basa has some cleaning up to do with this company but he has certainly proven himself with Gold Bullion and we’re confident he’ll make Excel a big success…Basa would never have committed himself to EGM if he thought for an instant his involvement with that could potentially hurt GBB…quite the contrary, we expect his decision will help both companies…Excel closed at 15.5 cents Friday, a gain of 1 penny for the week after falling as low as 13 cents last Monday…EGM also announced on Friday that it has hired First Canadian Capital for IR services…the company recently finalized a $763,000 flow-through financing and a 4,000 metre drill program is now starting at its Montauban Mining Camp Project, 120 kilometres west of Quebec City…drill targets were selected based on information provided by the most extensive historical compilation of geological data (including over 900 drill holes) ever assembled on Montauban which is a former Gold, silver and base metals producer…Excel is down half a penny since we added it to the BMR Portfolio early last month…

Colombian Mines (CMJ, TSX-V)

Colombian was unchanged for the week at 80 cents with volume picking up marginally…for the past 2 months the stock has traded in a tight range between its 100-day SMA and its 200-day SMA…the 100-day is poised to soon reverse to the upside…our expectation, based on technical and fundamental factors, is that CMJ will ultimately overcome resistance at 95 cents and head north…traders should be watching this one closely for if and when CMJ gets through 95 cents, its move will likely accelerate rapidly just based on technical factors…on October 13 the company reported assay results for 7 more holes at its Yarumalito Property with the best result being a 151 metre section in porphyry from YAR-24 grading 0.64 g/t Au…YAR-14 returned 95.5 metres of 0.70 g/t Au…Yarumalito continues to show promise but these are still early days and much more drilling is required…CMJ is one of the best positioned companies in Colombia with a history in that country and a large package of properties…the stock is up 25% since our introduction of it late last year (it was up as much as 170% at $1.62 in March)…

The BMR Portfolio (1st of 2 parts)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion started to show some new strength this past week, climbing as high as 69 cents Tuesday after reporting its best result yet from the LONG Bars Zone Eastern Extension…Hole #55, collared 88 metres northwest of Phase 1 Discovery Hole #17, hit some Granada high-grade and returned 4 grams over 40 metres and 1.69 g/t Au over 116 metres within a wider interval of 356.6 metres grading 0.60 g/t Au…that was a terrific hole and even significantly better than #17 which started all the excitement at Granada last March…the nearly 360-metre section of 0.60, down to a vertical depth of only 175 metres, is what helps build a mine…at this stage of the game Gold Bullion is still drilling for structure…grades will get even better with tighter drill spacing and larger diameter core drilling (RC drilling, for example, whenever that will take place), but even at 0.60 GBB has a very mineable grade…on Friday, Gold Bullion announced on its web site that additional updates on Granada are coming next week (the week of November 15), so more good news is likely on the way – Granada has consistently delivered positive results all year…at BMR we’re convinced the LONG Bars Zone is shaping up to be northwestern Quebec’s next major open-pit Gold deposit…after 3 site visits and exhaustive research, in addition to very encouraging and detailed information in GBB’s news releases over the summer regarding visuals of core from numerous holes, we’re extremely confident in stating that the best is yet to come from Granada…yes, we’re more than happy to continue to put our reputation on the line with this property because we believe in it wholeheartedly and the geological evidence is so powerful for the potential of a multi-million ounce near-surface deposit…Gold Bullion has an immense amount of work ahead of it – 200,000 or more metres of drilling is not inconceivable given the size of the LONG Bars Zone (including LONG Bars Zone 2) – but Frank Basa and GENIVAR are up to it…Gold Bullion is thinking ahead, thinking confidently and thinking big, as evidenced by the fact the company launched a Baseline Environmental Study in September…GBB finished the week up a penny at 60 cents, a 757% jump from when we added the company to the BMR Portfolio last December…Friday’s decline of 2 cents was just the 2nd single-day loss in 7 sessions and only the third drop out of the last 14 sessions…

Adventure Gold (AGE, TSX-V)

We first mentioned Adventure Gold to our readers in an article September 29 when the stock was trading in the low 20′s and just a couple of days after the company announced it had acquired a small but strategic land position at Granada…we officially added it to the BMR Portfolio at 34 cents October 28…AGE closed Friday at 42 cents, up 3.5 cents for the week…it climbed to a new all-time high of 52 cents last Tuesday when GBB reported new results from the LONG Bars Zone Eastern Extension…on Wednesday AGE reported initial prospecting and mapping results from work carried out over its small land package at Granada, showing numerous Gold-bearing zones associated with porphyritic intrusions and/or quartz veins with disseminated sulphides in strongly altered and locally well-deformed sediments…AGE plans to start drilling by early next year…Adventure Gold has been around only since late 2007 and we are impressed by the company’s strong portfolio of properties (19 in 6 strategic areas in Quebec and Ontario) including its recently announced partnership with Agnico-Eagle (AEM, TSX) at Dubuisson…it also has a partnership with Lake Shore Gold (LSG, TSX) on the Meunier 144 Property where deep drilling is currently testing the down plunge extension of Gold zones located at the Timmins and Thunder Creek deposits…AGE’s foray into Granada provides some potential “sizzle”, especially if Gold Bullion continues to deliver stellar results from the Eastern Extension…Adventure Gold has approximately $2 million in cash and nearly $3.5 million in cash and stock (includes 15,000 shares of Agnico-Eagle)…we’ve spoken with Marco Gagnon, AGE’s President and CEO…he has strong credentials and a clear vision for this company…he has also assembled a powerful geological team…this is a determined and aggressive group…technically, the stock started a new uptrend the week of October 25 after consolidating in the low 30′s for about 3 weeks to unwind an overbought condition…

Currie Rose Resources (CUI, TSX-V)

Currie Rose, which was added to the BMR Portfolio at 16 cents in late October, enjoyed another very active week, climbing as high as 24.5 cents (a new 52-week high) before closing at 23 cents for a weekly gain of 3.5 cents…total CDNX volume for the 5 trading days was nearly 7 million shares (16 million over 2 weeks) and CUI’s chart continues to look incredible…the stock bounced off strong support at its 10-day moving average of 21 cents Friday during the general market sell-off with strong buying during the last half of the day…this is a company which is getting much more aggressive developing its highly prospective package of Gold properties in northwestern Tanzania…Currie Rose is well established in that East African country, having started exploration in 2005…very quickly CUI made a significant near-surface discovery at Mwamazengo, part of its Mabale Hills Project which is in the heart of the prolific Lake Victoria Greenstone Belt…Anglo-Gold’s multi-million ounce Geita open-pit operation is just 80 kilometres to the northeast, and other mines and deposits are in the immediate area…Currie Rose’s highest current priorities in Tanzania are the Mabale Hills and Sekenke Projects…at Mabale Hills, CUI is drilling its Sisu River Property which is approximately 8 kilometres northeast of Mwamazengo…the 3,000 metre Phase 1 RC program at Sisu River is focusing on an area that has returned excellent sampling results and where artisanal miners made a recent discovery…the quartz porphyry target at Sisu River is hosted within felsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…drilling started 3 weeks ago and is proceeding according to plan according to Currie Rose President and CEO Harold Smith…assay turnaround time should be fairly quick with CUI using a lab just a short distance from Mabale…a “hit” at Sisu River has to be considered a very real possibility given the geology of the area…Smith is also very excited about the company’s Sekenke Project, and rightly so, as CUI has identified a 12 km by 800 metre highly prospective structure of sheared metabasalts that hosts numerous quartz reefs…assay results from rock chip samples indicate significant Gold anomalies in the quartz reefs…this structure lies in between 2 former producing mines from the first half of the 20th century including the high grade Sekenke Mine, one of Tanzania’s original Gold producers…

Greencastle Resources (VGN, TSX-V)

In clockwork-like fashion, Greencastle has experienced 3 powerful moves (very sharp spikes) over the last 7 years (late 2003, early 2006 and mid-2008)…2006 was more intense than 2003, and 2008 was stronger than 2006…we’re certain that a very powerful fourth move is now underway, driven by Greencastle’s recent shift in corporate strategy to get much more active in the Gold exploration space…volume has picked up dramatically in VGN, which is what one would expect prior to a major move, and the stock traded as high as 29 cents last week before closing Friday at 24.5 cents for a weekly gain of 1.5 cents…the stock’s heavily overbought condition has eased slightly but perhaps not enough, though the downside risk at current levels appears minimal…VGN’s 200-day moving average has reversed to the upside, another very positive sign, and at 24.5 cents the company’s market cap is still very modest at only $11.1 million…Greencastle has working capital of $6 million, regular monthly oil royalty revenue of at least $125,000, and 2 very promising Gold properties in Nevada to go along with its new acquisition near Richfield’s Blackwater Project…VGN is already up 75% since we added it to the BMR Portfolio 3 weeks ago…

Richfield Ventures (RVC, TSX-V)

Richfield went the opposite direction of the overall market Friday, climbing 14 cents to finish the week at $3.19…the stock has strong new technical support at the $3 level and was off just 6 pennies for the week after exploding the previous week to a new all-time high of $3.30…there is no question Richfield is developing a potential world class deposit at its Blackwater Project in central British Columbia which is why BMR jumped all over this story last December when the stock was trading at only $1.20…we interviewed company President and CEO Peter Bernier last spring and we’re extremely impressed with how he has managed this project…Bernier’s strategy, we believe, is to drill, drill, drill and fetch the highest takeover price possible for the company after proving up (hopefully) a multi-million ounce Gold deposit which will have copper and silver components as well…in this rip-roaring bull market, a potential takeover price for RVC could be in the hundreds of millions or who-knows-what depending on future drill results and just how high Gold goes…the dynamics with Richfield are exciting…the company has consistently returned long intersections of mineable grade…4 more holes were reported November 2 (all drilled vertically) including BW-87 which returned 115 metres grading 2.59 g/t Au…

CDNX and Gold

The number “13” proved to be unlucky for the CDNX this past week.  After 12 consecutive weekly advances, the Venture Exchange finally gave up some ground, albeit very little, as it posted a meager 2-point loss.  Is this an indication that a major correction is on the way?  Not at all.  The CDNX, a very reliable leading indicator, actually significantly outperformed the major markets this past week and that’s a very good sign.  The Dow was off 2.2%, the Nasdaq fell 2.3% while the TSX declined 1.4%.  When the most speculative market, the CDNX, continues to be the leader we have little to fear.

The CDNX was in excellent shape for a 13th consecutive weekly advance until Friday when a 5% overnight drop in the Chinese market on fears of monetary tightening in that country led to significant losses across the board just about everywhere with the sell-off hitting commodities as well.    The underlying strength of the CDNX was clearly on display, however, as intraday it dropped below 2000 to 1987 (8 points below its supporting 10-day moving average) before rebounding to finish the day and the week at 2007.  It was a volatile 5 sessions for the CDNX which experienced a 71-point swing on Tuesday, climbing to a 2-year high of 2070 and then plunging within a few hours to 1999.  This kind of volatility is perfectly normal at this stage of the bull market and buying into these corrective pullbacks is the winning strategy.  Our view is that we will see the CDNX challenge its all-time high of around 3400 in 2011, so a lot of upside remains with huge support between 1900 and 2000 which is the previous resistance band that we identified a couple of months ago.

The CDNX’s 200-week moving average is now sitting at 1940, exactly where the 20-day SMA currently is.  The 10-day is at 1995.  Since late July, when the Index was below 1400, we’ve seen the 10-day SMA provide rock-solid technical support – the CDNX simply refuses to close below it.  If for some reason this support should fail, there’s another huge wall of support at 1940.  This past week’s action has also helped unwind the previously heavily overbought condition with the daily RSI now at 69.26 and the weekly RSI at 83.02.

We remain in a bull market of historic proportions with a Perfect Storm in place – many factors are underpinning Gold and driving the yellow metal and commodities in general higher, including a Federal Reserve that is all doped on a new form of heroin known as “Quantitative Easing”.  Part of Helicopter Ben’s strategy, and he’s succeeding so far, is to actually prop up the stock market and other asset classes and reflate the American economy – he wants to drive everything up but the American Dollar to avoid a Japanese-style deflationary cycle.  The new U.S. Congress in January will also be focused on kick-starting the American economy, so we believe we’re in for at least several more months of red-hot markets.

Gold hit a new all-time high of over $1,425 last week before selling off $40 an ounce on Friday to close the week at $1,369.  That was a $25 decline from the previous week.  Gold’s biggest single-day moves in its 10-year bull run have consistently been to the downside and those occasions have almost always been great buying opportunities, so Friday’s sell-off was actually encouraging in our view.  A little shakeout like that is always healthy in a rip-roaring bull market.  The G-20 meetings Thursday and Friday in South Korea settled nothing, it appears, in terms of the on-going “currency wars” and other issues which is bullish for Gold moving forward.

Concerns about a possible new round of Chinese monetary tightening resulted in a 5% drop in the Shanghai Index overnight which has driven markets lower across the board today…as of 9:00 am Pacific, Gold is off $37 to $1,372, Silver has declined $1.46 to $26.62, while the U.S. Dollar Index is also weak, down one-quarter of a point to 78.04…this corrective pullback is healthy and helps open up some good opportunities…the biggest single-day moves in Gold throughout this 10-year bull run have consistently been to the downside and they have always presented buying opportunities…the CDNX is actually holding up quite well in the face of such sharp declines across the board…the Venture is currently down 37 points to 2002….2000 (the 10-day moving average) provides very strong support…in fact, the previous resistance band we identified (1900 – 2000) gives exceptional support so even a drop below 2000 would not concern us as the downside risk from there is quite limited in our view…Gold Bullion Development (GBB, TSX-V) says it will be updating progress next week at the Granada Gold Property…that bit of information was included in the company’s new Fact Sheet on its web site this morning…our take on that is that fresh assays are on the way, and perhaps a more general update, which fits well with Frank Basa telling us this week that he didn’t want to do an interview when news came out a few days ago – he wanted to wait until sometime next week…this suggests to us that GBB indeed may have something potentially VERY significant to announce very soon…the stock is off 2 pennies at 60 cents…bargain hunters should also be keeping a close eye on Currie Rose Resources (CUI, TSX-V) which is currently off a penny at 21 cents…CUI has been under aggressive accumulation for good reason…drilling continues at Sisu River in Tanzania with initial results not far off…Sisu River is part of Currie Rose’s highly prospective Mabale Hills Project which has delivered outstanding drill results before, notably just 8 kilometres or so to the southwest of Sisu River at Mwamazengo…Currie Rose will be getting very aggressive with its Tanzanian properties covering, in particular, Mabale Hills and the Sekenke Project where the company’s 300 square kilometre land package surrounds two former producing mines…also in Tanzania, of course, is another company we like – Sidon International (SD, TSX-V)…Sidon has been very quiet recently but technically it appears the stock has bottomed out at current levels…it’s trading between its rising 200-day moving average at 8 cents and its still-rising 100-day SMA at 11 cents…we continue to expect big things out of Sidon with its Morogoro East Property and other potential acquisitions in mining-friendly Tanzania…Sidon is unchanged at a dime this morning…Excel Gold Mining (EGM, TSX-V) is up half a penny at 15 cents, announcing this morning that it has hired First Canadian Capital for IR services…Richfield Ventures (RVC, TSX-V) continues to hold up well with new technical support around the $3 level…RVC is actually up 3 pennies in this morning’s weak market to $3.07…Greencastle Resources (VGN, TSX-V), which recently acquired land near Richfield‘s Blackwater Project and jumped to 29 cents after we added it to the BMR Portfolio at 14 cents, is off 1 cent this morning to 24 cents…Greencastle is unwinding its recent overbought condition which is healthy, and we expect VGN to hold support within about 10% of current levels…another company around Blackwater that we suggest investors do some due diligence on is Troymet Exploration (TYE, TSX-V) which is off half a penny to 17.5 cents…

On a regular basis at BMR, our technical analyst highlights a junior resource stock (outside the BMR Portfolio) that shows very favorable chart patterns.  Investors/traders of course should perform their own due diligence, as always, and carefully review fundamental factors as well.  “Technically Speaking” is merely meant to introduce possible opportunities, from a technical perspective, that readers may wish to investigate.  As always, stock coverage at BMR is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations.

We became more familiar with Trueclaim as a result of our extensive due diligence on Currie Rose Resources (CUI, TSX-V) which continues to look very strong.  About a year ago, in order to focus strictly on its highly prospective Tanzanian properties, Currie Rose optioned its Scadding Gold Property near Sudbury to Trueclaim which has also built up a nice land package around Scadding.  Trueclaim has been very detailed and diligent in its exploration work there and a major drill program started last month.

Volume has picked up in Trueclaim the last few days (it’s quiet today because of Remembrance Day) and a reversal in the stock’s 200-day moving average appears to be close at hand.  The 100-day reversed to the upside in late September and currently sits at almost 13.5 cents, just a fraction below the 200-day SMA.  As of 10 am Pacific time, TRM is trading at 17 cents, down half a penny, giving it a market cap of just over $8 million.  John takes a detailed look at the Trueclaim chart below based on yesterday’s closing numbers:

John: This week, Technically Speaking takes a look at Trueclaim Exploration (TSX-V, TRM), a company engaged in the acquisition and development of precious and base metals properties currently within Ontario and Arizona.  On October 19 the company announced the commencement of a 2,000 metre drill program on its East Wanapitei Property and an additional 8,000 metre drill program to follow for the Scadding mine site area.

Yesterday, TRM opened at 16.5 cents, its low for day, and closed at its high of 17.5 cents, up a penny on CDNX volume of 220,000 shares.   Looking at the 15-month weekly chart we see that during the 2nd week of November, 2009, TRM reached a high of 34 cents.  From that time the stock price declined in a 5 wave motive phase to a low of 9 cents at the end of June, 2010.  Since then it has climbed in an orderly manner to where, for the past 5 weeks, it has been trading in a horizontal consolidation flag between 15 cents and 17 cents denoted by a blue top line and a green bottom line. The flag consolidation was validated by the decreasing volume over that period (downsloping mauve line).

Yesterday TRM broke above the 17 cent resistance level and closed at 17.5 cents.   Although it only broke out by half a penny, the chart shows this is significant. This breakout must be confirmed by a white candle and an increase in volume. The volume has increased over the past 2 weeks. The EMA(20) moving average (blue line) provides close bullish support. The Fibonacci target is 21 cents which coincides with a pivotal resistance as shown on the chart which makes this a strong resistance level.  The next pivotal resistance is at 26 cents.

Looking at the Indicators:   The RSI has been flat at 60% for several weeks and this week it has turned up – very bullish.

The Chaikin Money Flow (CMF) indicator shows that the average buying pressure has continually increased for the last 9 weeks and now it is at the 0.45 level which is very bullish.

The ADX trend indicator has the +DI at 27 and above the -DI at 12.  The ADX (black line) trend strength indicator is at 23 and climbing – a very bullish orientation.

Outlook: Trueclaim is showing techncial strength and momentum will increase on a move through 17.5 cents on strong volume.  The chart pattern and indicators are very bullish for potential near-term price appreciation.

Welcome to our site, or at least a sneak preview of it!  The final version may look much different than this as we continue to develop a very unique investment and money-management resource site.  An important component of this site is original research on small and undiscovered junior resource companies, mostly in the gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop.

Disclaimer:

BullMarketRun.com is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company.  We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions.  The stocks we cover, by definition, are highly speculative and potentially very volatile.  Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

It’s a quiet trading day with this being Remembrance Day in Canada and Veterans’ Day for our friends in the United States…a day to honor those who have sacrificed their lives to defend freedom and democracy…we hope as many of our readers as possible will be able to participate in services today…Gold has traded within a range of  $1,396 and $1,419…as of 9:15 am Pacific, the yellow metal is up $5 an ounce to $1,408…Silver is ahead 38 cents to $27.52 while the U.S. Dollar Index is up nearly half a point to 78.09…the Dollar Index has posted gains each day this week but the bulls have a lot of heavy lifting to do…the primary trend with the greenback continues to be bearish which is exactly what the Fed wants in order to help reflate the American economy…the market will be paying close attention to developments at the G-20 meetings in Seoul…inflation in China is edging higher…China’s consumer price index rose 4.4% , on a yearly basis, in October…the CDNX, looking for its 13th consecutive weekly advance, is unchanged at 2022…for the second day in a row yesterday there was a sharp intra-day reversal…the Index nearly touched its 10-day moving average yesterday where it has found rock-solid support the last few months…after dropping as low as 1982, the Index rallied 40 points to close at 2022…this kind of volatilty is normal in a powerful bull market and more should be expected over the coming weeks and months…the successful strategy throughout the year has been to buy on the dips and that will continue to be a winning formula…it’s very encouraging to see the 2000 area becoming new support for the CDNX…this market has an incredible amount of underlying strength…Gold Bullion Development (GBB, TSX-V) is off 1 penny at 61 cents…Frank Basa has agreed to an interview with BMR sometime next week, so our gut feeling is that there’s more “coming down the pipe” with GBB in the very near future which is certainly consistent with the company’s news release Tuesday (more assay results this month)…there are more stellar holes on the way, we are convinced, based on GENIVAR’S visual reports over the summer on numerous Phase 2 holes…volume is light across the board today…Currie Rose Resources (CUI, TSX-V) is strongly supported by a rising 10-day moving average at 21 cents…another possible leg up in this play is probably not far off as drilling news from Sisu River draws closer…CUI is currently at 21.5 cents, down 1.5 cents, on volume of just 59,000 shares…the driving factors for CUI over the short to medium term be its Mabale Hills and Sekenke Projects in Tanzania…each has “company making” potential and will be the focus of investor attention…however, one must not overlook Currie Rose’s Scadding Gold Property near Sudbury which has been optioned to Trueclaim Exploration (TRM, TSX-V)…Trueclaim is being very aggressive in its exploration efforts at Scadding and has reported some encouraging results from there this year…we’ll be keeping a close eye on drilling news from Scadding and Trueclaim will also be the subject of John’s Technically Speaking feature later today…volume has picked up in Trueclaim recently and its chart is looking quite interesting…

Terry Dyer/Owner & Publisher, BMR

The 11th day of November in North America is a day that we set aside to remember the sacrifices that were made by our men and woman in uniform. In Canada we call it Remembrance Day and in the United States it is known as Veterans Day.

November 11th is the anniversary of the end of World War I and in both countries it is a national day of remembrance, a day that people take to remember not only those that lost their lives in wartime, but to remember all the men and woman that sacrificed themselves for the good of their country. Freedom is not free. Freedom comes at a cost and our men and woman that selflessly served their country paid for that cost. They have paid with their lives so that we all can enjoy the freedoms afforded to us in our respective countries. My hope is that the readers of BMR will take the time afforded to them, go out and support our young veterans, our old veterans, and our veterans that have passed. Show these men and women and their families that we love them and that we have not forgotten them. Go to a Remembrance Day service if you can. Most importantly, wherever you are on the morning of November 11 stop in quiet silence to remember all of our veterans. Please also remember those that are currently in active duty. May the Lord keep them safe.

Let us pray,

Jesus, thank you for our men and woman that have sacrificed their lives in service to their country. Lord, we thank you for their obedience to serve their fellow man. Lord, we do not understand war, we do not like war, and we know that it breaks your heart to see your creation fighting. Jesus, be with our men and woman that are serving in current conflict. Lord, be with their families, their Moms and Dads, their sons and daughters, their brothers and sisters, their husbands and their wives. Comfort them in ways that only you can. Give them your peace in knowing that wherever their loved ones are, so too are you. Jesus, especially be with those that have lost a loved one in the last year. This is their first Remembrance Day and it will be very hard for them. Jesus, you know that we live in a sinful world and we thank you that you gave your life as full payment for that sin. Jesus, help us, carry us, walk with us, comfort us, and guide us as we pause to remember our soldiers, our sailors, and our airmen. Jesus, help us to never forget them. Be with us today and always.

In your name we Pray,

Amen

LEST WE FORGET