BullMarketRun.ca

Gold is enjoying a strong day, up $16 an ounce to $1,246 as of 7:15 am Pacific time…this brings Gold within less than $10 of its all-time high…Gold bulls definitely have the near-term and long-term techncial advantage at the moment…it will be interesting to see how Gold performs through the rest of the month if stock markets strengthen as we believe they will…the trend has clearly reversed with the CDNX…its 20-day moving average has ended a 6-week decline, reversing to the upside…other technical indicators also suggest a bullish move is imminent with the CDNX…the Index is ahead 11 points this morning to 1473…companies with very good assay results, aggressive exploration programs and strong cash positions will be rewarded handsomely in this market as demonstrated by Fire River Gold (FAU, TSX-V) which came out with news yesterday on its Nixon Fork gold mine project in Alaska…the technicals on Fire River are bullish and this will be an interesting stock to watch in the coming days and weeks…FAU is currently up a penny to 55 cents after a powerful move yesterday…Gold Bullion Development (GBB, TSX-V) is quiet so far this morning, trading up a penny to 56 cents…Richfield Ventures (RVC, TSX-V) has strengthened to $1.10 this morning…Richfield has been in a horrible slide since early May, losing about half its value, but it’s underpinned by exceptionally strong support at $1.00…drilling has been slow so far at Blackwater but it’s expected to pick up in the near future with the addition of a second rig…