BullMarketRun.ca

Gold has broken out to a new record high this morning…as of 8:20 am Pacific time, Gold is up $14 an ounce to $1,259…bullish technical momentum is cited as the main reason for today’s move…it’s hard to imagine Gold not reaching $1,300 in the very near future…BMR’s technical analyst is reviewing the charts and will provide a fresh update on Gold later today…now is clearly the time to be positioned in the CDNX as a new uptrend in this market has been firmly established…Fire River Gold (FAU, TSX), which we first mentioned yesterday at 55 cents, is up another 6 cents this morning to 63 cents…Fire River is the type of stock that should perform extremely well in this market over the coming weeks…the company came out with more news this morning on its Nixon Fork gold mine project in Alaska, reporting 67 g/t Au over 6.3 metres on a re-assayed hole from 2007…Fire River is starting a 12,000 metre drill program at the end of the month…of course our favorite stock is Gold Bullion Development (GBB, TSX-V) which is currently unchanged at 58 cents…we’ll have more on GBB over the weekend…BMR continues to perform due diligence on Manitou Gold (MTU, TSX-V) which we have brought to investors’ attention recently…the company was just listed on the Venture Exchange in March and has raised over $5 million for exploration of its large land package in the Gold Rock mining camp of northwestern Ontario…the company is currently drilling the former Big Master Mine at its Kenwest Property…the stock closed at 38 cents yesterday…GoldCorp Inc. (G, TSX) owns just over 10% of MTU which has 27 million shares outstanding and approximately $5 million in its treasury…Seafield Resources (SFF, TSX) is sitting very quietly at 17 cents and has received CDNX approval on its recently completed $3 million private placement…we expect a move in Seafield prior to month end…the company should have plenty of exploration news to report throughout the summer as drilling operations commence at its Quinchia properties in Colombia…Seafield could also get a boost if Manitou makes a hit in its drilling at Big Master which is immediately adjacent to Seafield’s Elora Property…