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Gold has hovered between $1,330 and $1,346 so far today…as of 8:50 am Pacific, the yellow metal is unchanged at $1,339…Silver is up 35 cents to $25.78 while the U.S. Dollar Index, which is technically in overbought territory, has declined nearly one-quarter of a point to 78.98…what’s interesting and encouraging about the correction in Gold and commodities in general in recent days (Gold plunged by about $100 an ounce in 5 sessions) is that the CDNX has not fallen more than Gold has…each declined about 7 to 8 per cent…if a much deeper correction were coming in Gold, the CDNX would be leading the way to the downside and that just hasn’t happened…this morning, the CDNX is bouncing back strongly and is up 26 points to 1949…yesterday it fell within 2 points of the very strong support level we identified at 1900…U.S. consumer prices rose moderately in October (0.2%) but there are still little signs of inflation as the cost of autos, clothing and hotels actually fell…excluding the volatile food and energy categories, the core consumer index was unchanged for the 3rd straight month…in the past year, the core index has risen by only 0.6%, the smallest increase since the index began in 1957…this bodes well for the Fed keeping its pedal to the metal in an effort to rekindle inflation…that also means a lower U.S. Dollar which in turn should translate into higher Gold and commodity prices…Gold Bullion Development (GBB, TSX-V) is up a penny to 63 cents as investors await fresh assay results from the LONG Bars Zone, promised by GBB sometime this week which means either later today, tomorrow or Friday…Granada has consistently delivered good results all year long and there’s no reason to believe that’s about to change…a company that reminds us a lot of GBB when we first discovered Gold Bullion around this time last year is Currie Rose Resources (CUI, TSX-V)…CUI has doubled in value since we initially brought it to our readers’ attention in September…it has strong technical support at 21 cents, where it’s currently trading, and a drill program is well underway at its promising Sisu River Gold Property in northwest Tanzania…we are also very intrigued with Currie Rose’s Sekenke Project, about 200 kilometres southeast of Sisu River and the Mabale Hills Project…the Sekenke Project surrounds 2 former producing mines from the first half of the 20th century and a strong geological argument can be made that Currie Rose is sitting on even more prospective ground than what exists at these 2 former mines…elsewhere in the BMR stable, Colombian Mines (CMJ, TSX-V) woke up this morning and ran up to 92 cents…it has since backed off to 86 cents which is a 9-cent increase over yesterday…CMJ came out with news this morning regarding its 9,300 hectare El Dovio Project in Colombia…recent channel sample results have extended high grade gold-silver-copper mineralization over a much larger width than indicated by historic information at El Dovio…all samples returned significant polymetallic mineralization…6 samples contained Gold in excess of 10 grams per tonne, with individual 2-meter channel samples assaying up to 25.55 g/t Au, 66.88 g/t Ag and 13.5 per cent copper…this helps underscore the quality of CMJ’s large Colombian property package…its flagship property is Yarumalito where drilling continues…CMJ faces strong technical resistance at 95 cents, so a move through 95 would signal a major new uptrend in the stock…also in Colombia of course is Seafield Resources (SFF, TSX-V) which has taken a bit of beating recently…SFF is up 2 pennies this morning to 19.5 cents…we can’t help but think there should be news soon from Seafield regarding drilling results from Miraflores and drilling plans for Dos Quebradas…Richfield Ventures (RVC, TSX-V), which has very strong technical support around $3, is up a nickel to exactly $3…