BullMarketRun.ca

Gold has climbed to a new all-time high of nearly $1,440 an ounce today…as of 8:15 am Pacific, the yellow metal is $6 higher at $1,439 as it continues to benefit from safe-haven investment demand, inflation fears and a weakening U.S. Dollar…Silver is 17 cents higher at $34.86 while the U.S. Dollar Index is off nearly half a point to 76.60…Federal Reserve Chairman Ben Bernanke, testifying before the U.S. Senate Banking Committee yesterday, gave every indication the Fed will continue its very accommodative monetary stance…Richfield Ventures (RVC, TSX-V) has released an initial 43-101 resource calculation for its Blackwater Project in central British Columbia and the stock has responded favorably this morning…total indicated and inferred resources stand at 4.17 million ounces of Gold and 19.4 million ounces of Silver using a Gold cut-off grade of 0.40 g/t…with continued drilling, Richfield has an excellent chance of significantly expanding this impressive resource…the stock is ahead 34 cents to $6.00, giving Richfield a market cap of approximately $260 million which values the Gold in the ground at just $62 an ounce…still plenty of upside potential with RVC in our view…GoldQuest Mining (GQC. TSX-V) released a 43-101 resource estimate on its Toral zinc-lead-silver project in Spain this morning which shows a 15% increase over the historical non-compliant estimate…GoldQuest has yet to do any of its own drilling at Toral which has significant exploration and development upside as a majority of the historical drilling (40,000+ metres) was conducted over one relatively small part of the property…the zone of sulphide mineralization is open along strike to the northwest toward a known lead deposit as well as along strike to the southeast and downdip…the property is surrounded by excellent infrastructure…Toral helps underpin the fundamental value of GoldQuest but the company’s main focus at the moment is on its Gold assets in the Dominican Republic…initial assay results from Phase 2 drilling at La Escandalosa are expected soon…the company produced excellent Phase 1 results from that property but has yet to hit the centre of the mineralizing system…there’s a very good chance they could do so in the current phase…GoldQuest is off 4 pennies to 36 cents this morning which puts it in a zone of strong technical support…GQC has the potential of blasting higher in a hurry…we encourage readers to listen to our interview with Trueclaim (TRM, TSX-V) President and CEO John Carter which was posted last night…Trueclaim, up a penny at 19.5 cents in early trading, has an impressive chart and the company has worked its Scadding Gold Property near Sudbury very diligently, using some innovative exploration techniques…Trueclaim optioned this property from Currie Rose Resources (CUI, TSX-V) and started an 8,000 metre drill program in mid-January…this former small producer has been under-explored but Trueclaim seems to be on track in terms of unraveling the geology…Gold Bullion Development (GBB, TSX-V) is off a penny at 53 cents as it continues to trade in an area of strong technical support…we’re continuing to work on a detailed report on GBB following the latest results and we expect to be able to post that by Monday…Adventure Gold’s (AGE, TSX-V) strength continues…AGE is is up another penny at 73 cents this morning with some strong bids coming in…Cadillac Mining (CQX, TSX-V) is off 2 pennies at 30 cents…any weakness in Cadillac should be regarded as a gift given what we believe this company is putting together…at 30 cents, Cadillac’s market cap is a paltry $7.5 million…