BullMarketRun.ca

The sky is not falling, as some are suggesting, after gold’s $40 plunge yesterday…the Venture Exchange is our leading and most reliable indicator for the direction of the gold market and until the CDNX breaks down, we will remain extremely bullish on the gold and commodity markets in general…it’s interesting to note that while gold is down about 11% from its recent high, and while the TSX Gold Index is off 16%, the CDNX is off only 2.5% and its 20-day moving average continues to rise which it has been doing most of this year…that kind of strength in the Venture Exchange confirms that gold and gold stocks are still in an up-trend…the CDNX has a powerful looking chart, and we suspect we’ll see a new yearly high in this market by the end of the month…Gold Bullion Development Corporation (GBB, TSX-V) is our next “Seafield” – an undervalued stock under 10 cents that is getting ready to explode…we’ll be reporting much more on Gold Bullion in the days ahead…there has been massive accumulation in this play recently…from current levels, we see a near-term double or even a triple or better as GBB makes further progress in developing its Granada Gold Mine in Quebec…Granada and Osisko’s massive Malartic gold deposit (just 40 miles from Granada) are both situated on the “Cadillac Fault”, a major fault system associated with other gold deposits in Quebec and Ontario…with virtually all the infrastructure required on site, Gold Bullion has an excellent opportunity to turn Granada into a small but profitable open-pit producer…pre-NI-43-101 proven and probable reserves reported by A.C.A. Howe in 1994 were 2.38 million tons grading 0.10 opt…in all categories, the estimated gold reserves are 280,000 ounces…Gold Bullion has explored just a small portion of the Granada property area, so excellent discovery potential exists…like so many companies, Gold Bullion was hit hard by last year’s market crash…it now has the funding in place to advance the Granada project and unlock its value for shareholders…we suggest investors do their due diligence on GBB, but while the opportunity is there – and we suspect it won’t be there for long – we suggest aggressive accumulation between 7 and 8 cents…