BullMarketRun.ca

Gold continues to hold up very well and is $11 higher at $1,197 as of 7:40 am Pacific time…the CDNX is up 12 points to 1377 with the Dow and the TSX also strong…the scenario we laid out last weekend regarding the CDNX (the comparison with the 2004 market) is very much intact, meaning the 1343 low July 6 may turn out to be the low for the year with a vibrant market very possible from August through December…that’s exactly how things played out in 2004 and the 2004 and 2010 charts are remarkably similar…Gold Bullion Development (GBB, TSX-V) is charging higher this morning, breaking through some minor resistance and moving above 50 cents again…GBB’s 10-day moving average has also swung positive, so the stock is regaining technical strength…GBB is up 3 pennies to 52 cents…Sidon International (SD, TSX-V) is taking a breather, as we suspected it would, after getting into heavily overbought territory at 15.5 cents yesterday…Sidon is off a penny this morning to 11 cents…BMR is travelling to Vancouver today for business and we’ll be reporting from there tomorrow…we have a very interesting interview in the works…