Canadian markets are closed today in observance of Boxing Day, but U.S. markets are open and gold, in light trade, has shown some continued strength overnight and is currently ahead $5.80 to $1,111.00 as of 5 a.m. Mountain time…we traveled yesterday on business to Calgary where we’ll be checking into some oil and gas opportunities…
our travel plans were not without some complications which is delaying a couple of our reports but we are posting an update this morning on Gold Bullion Development Corporation (GBB, TSX-V)…we suggest investors check out technical analyst Clive Maund’s updated gold and silver reports at www.clivemaund.com…those articles can be viewed for free by non-subscribers and the gold update includes some important technical information on the CDNX…as we have stated here repeatedly recently, the action in the Venture Exchange suggests that precious and base metals are headed significantly higher and that we could witness a dramatic move in the CDNX to the 2,000 level during the first quarter of next year…we’ll be going into more detail on that in the week ahead…we suggest investors do due diligence on Richfield Ventures (RVC, TSX-V) and Silver Quest Resources (SQI, TSX-V)…they’re not exactly “undiscovered” opportunities but they are very interesting situations that could do extremely well in a major CDNX advance…
December 28, 2009
BMR Morning Market Musings…
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