BullMarketRun.ca

The markets have rebounded this morning with gold up $19.00 to $1,099 as of 10:00 am Pacific time…the Venture Exchange is up six points to 1,498…as expected, Kent Exploration (KEX, TSX-V) took a hit first thing this morning, dropping to .135 as some nervous nellies dumped their stock after Friday afternoon’s negative drilling news regarding Kent’s Flagstaff Mountain Property…there is tremendous underlying value with Kent which is why it is now trading at a daily high of 16 cents…while it’s not in our portfolio, traders should keep an eye on Ventana Gold (VEN, TSX) which now appears to be on the rebound after falling just below its 200-day moving average last week…technically, this stock is looking much healthier now and could be poised for a huge comeback…Ventana is up 30 cents to $7.39 as of 10:00 am, and a reversal in its short-term moving averages appears imminent after a steady decline through December and January…a stock under 20 cents with strong momentum now is Greencastle Resources (VGN, TSX-V) which is part of our portfolio…a chart often tells a thousand words, and Greencastle’s chart is telling us much about where this stock is likely headed…all moving averages are in bullish alignment and the stock has put in a series of higher lows since early 2009…