BullMarketRun.ca

Gold was up almost $14 overnight but has since pulled back a bit, and as of 6:10 Pacific time this morning is ahead $8.00 to $1,123…we suggest readers take a look at Clive Maund’s technical analysis on gold and gold stocks at the moment which can be found at www.clivemaund.com. Just scroll to the bottom of the home page – non-subscribers can read that update…Clive is one of the best technical analysts in the business, so his cautious stance at the moment should be taken very seriously…our best indicator for the direction of the gold and precious metals markets over the last couple of years has been the Venture Exchange, and the CDNX has held up impressively well since gold when into retreat just recently…we’ll be posting an article on this tomorrow…the Venture, however, is beginning to show some signs of technical weakness…it will be important for this market to hold above a key support level of 1,400 this week…we have a new stock situation we will be alerting investors to tomorrow…Noront Resources (NOT, TSX-V) has lost the battle for Freewest Resources (FWR, TSX-V) and we’ll be commenting more on that tomorrow as well…