BullMarketRun.ca

Gold is closing in on an all-time record high…the yellow metal has traded in a range of $1,244 to $1,261 so far today and as of 9:25 am Pacific time it’s at $1,257, up $10 for the day…concern over the health of eurozone banks is contributing to Gold’s strength today while Obama is talking about throwing more money around to stimulate growth in the United States…Gold is nicely underpinned…the CDNX is very strong again today, up another 15 points to 1580….Gold Bullion Development (GBB, TSX-V) has hit a new all-time high of 74 cents…it’s currently up 5 cents to 73 cents on CDNX volume of 1.5 million shares…an exploration update and more drill results are expected from Gold Bullion sometime this week…Richfield Ventures (RVC, TSX-V) hit a new all-time high this morning of $2.33…it’s currently up a nickel at $2.25…the company announced stellar new drill results from Blackwater last Thursday and a nearly $15 million proposed financing a day later…Colombian Mines (CMJ) overcame resistance at its 50-day SMA last Friday and is ahead another 9 cents to 84 cents…the rest of the BMR Portfolio (SD, SFF and NAR) is quiet so far today while Excel Gold Mining (EGM, TSX-V), on our watch list, is off half a penny to 17 cents…a couple of situations for investors to follow and perform due diligence on are Savant Explorations (SVT, TSX-V) which holds property immediately to the east of Gold Bullion’s LONG Bars Zone 2, and Rye Patch Gold Corp (RPM, TSX-V) which has an interesting property in Nevada…SVT is up 2 cents to 19 cents while RPM is ahead 2.5 cents to 16 cents…both have the potential of pulling back slightly, so timing as usual is important…