BullMarketRun.ca

First, our apologies for not posting our regular Morning Musings yesterday…we were traveling from Regina to Vancouver and experienced numerous delays and simply did not have the opportunity to post…we’re tempted to buy WestJet shares, though, because when things go wrong and it isn’t even their fault, they look after their customers…great company which will always succeed…gold is down slightly this morning but we remain convinced we’re at or very near the bottom of this correction and the action in the Venture Exchange confirms that…the charts indicate another upleg in the Venture beginning very soon…Gold Bullion Development Corporation (GBB, TSX-V) enjoyed a strong day yesterday and is firm again this morning…Westscore Energy (WTR, TSX-V), which we recommended just recently in the mid-50’s, has shot up to the mid-70’s which was our immediate target area…there is strong resistance in the mid to upper 70’s which it has a good chance eventually of breaking through, but traders should consider taking profits… the TSX Gold Index is at 329 as of 7:40 this morning Pacific time, just a few points above its 200-day moving average…it is oversold and also in an area on the RSI and Stochastics where it has rocketed from before, additional confirmation that the next move up in the gold market is near at hand…