BullMarketRun.ca

Gold shot up by more than $20 an ounce to $1,350 in early trading today as the G-20 finance meetings in Seoul, South Korea, over the weekend produced nothing concrete in terms of a resolution of the currency “wars”…as of 8:30 am Pacific, Gold is at $1,339, well off its high of the day but still up $11 an ounce…Silver is ahead 32 cents to $23.61…the U.S. Dollar Index is down nearly one-third of a cent to 77.02…the CDNX got as high as 1903 this morning and is currently at 1893 for a gain of 15 points…Gold Bullion Development (GBB, TSX-V) is off a penny at 56 cents…things have been quiet on the Gold Bullion front lately while the company has been completing an $8 million financing…the closing of that financing is imminent and we expect the strong underlying fundamentals of the Granada Gold Property will come back into sharp focus very soon with the financing out of the way and the company armed with a treasury of more than $10 million…Seafield Resources (SFF, TSX-V), which is coming off a strong week, is off half a penny this morning at 24 cents…the stock faces resistance at 25 cents but we do expect that will be overcome as exploration continues at Seafield’s highly prospective package of properties in the Quinchia District of Colombia…BMR will be interviewing Seafield President and CEO Tony Roodenburg on Wednesday for an update on Seafield as well as Roodenburg’s other company, Greencastle Resources (VGN, TSX-V), which has re-entered the Gold exploration space after a 3-year absence…Currie Rose Resources (CUI, TSX-V) has started drilling its promissing Sisu River Gold Property at its Mibale Hills Project in Tanzania…we’re learning more about Currie Rose which in our view has an underrated portfolio of properties in Tanzania in addition to its Scadding Property near Sudbury which Trueclaim Exploration (TRM, TSX-V) is advancing under an option agreement…we’ll have more on Currie Rose throughout the week…CUI is unchanged at the moment at 14 cents…GoldQuest Mining (GQC, TSX-V) has pulled back from a 52-week high of 32.5 cents earlier this month to the low 20’s where it has very strong technical support…we encourage investors to do their due diligence on GQC which has properties of considerable merit in the Dominican Republic and Spain…GQC is currently down a penny at 22 cents…