BullMarketRun.ca

The markets are trying to bounce back this morning and have recovered some of their losses from the first hour of trading…the CDNX has strong technical support just above 1,415 and as of 8:30 am is off its lows of the day at 1,440…gold is off another $7.00 per ounce to $1,056, but the TSX Gold Index is up 4 points now to 302…we like the action we’re seeing in Gold Bullion Development Corporation (GBB, TSX-V) and Ventana Gold (VEN, TSX)…Ventana was under pressure during yesterday’s market drop but reversed during the day and is showing continued strength this morning…Ventana’s news release yesterday tells us they fully expect to win the legal dispute over La Bodega, and the market seems to be starting to agree with that…conservatively, at just under $8 per share, Ventana is likely trading at half its true value…new assay results could be just around the corner for Gold Bullion…we have studied GBB’s Granada Property in considerable detail and what we believe is emerging there is a very substantial bulk tonnage deposit…Gold Bullion’s chart is looking very favorable and a breakout to new yearly highs appears to be in the works…