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Gold has pulled back today on profit-taking with the yellow metal down $15 an ounce as of 9:15 am Pacific to $1,421.00 after hitting a new all-time high yesterday…Silver is 27 cents lower at $34.41 while the U.S. Dollar is still under pressure but off its low at $76.57…the U.S. service sector expanded at the fastest pace in five years in February while a drop in jobless claims has also boosted the Dow today which is up strongly…U.S. employment numbers are coming out tomorrow and the expectation is for an increase in non-farm payrolls of 185,000 which would be the largest gain in almost a year and the clearest signal yet that a self-sustaining economic recovery is taking root…global food prices have hit another record high…prices rose in February for the eighth month in a row, up another 2.2%, according to the Food and Agricultural Organization of the United Nations…the European Central Bank held its key rate steady at 1 per cent today but warned of a possible hike next month as inflationary pressures rise…the Euro Zone is in a quagmire, however, as rate increases will be difficult in the midst of fiscal tightening, a fragile banking system and sovereign debt issues…the CDNX is mostly shrugging off the drop in Gold today and is unchanged at 2402 as of 9:15 am Pacific…Adventure Gold has released results from the first two holes at its Pascalis Colombiere Gold Property near Val d’Or…both holes were drilled approximately 150 metres west of the former L.C. Beliveau Mine and intersected Gold-bearing structures at various depths which is encouraging…the system is showing strong similarities to the one observed at L.C. Beliveau…hole #13 returned 5.4 g/t Au over 20 metres which included 2.9 metres grading 34.6 g/t Au…hole #14 intersected 7 g/t Au over 4.8 metres…results from seven more holes are pending…six of them were drilled west of the former mine while the other, which may prove to be very important, was drilled to test the geometry of the Gold system below the underground workings…this former mine was a low cost producer and holds excellent potential for extensions laterally and at depth…it’s still early but Adventure Gold appears to be entirely on track with these initial results…as often is the case, there was a “sell on news” reaction this morning but nothing dramatic…AGE is currently off a nickel at 70 cents…we view any weakness as an opportunity with Adventure Gold which has been a strong performer so far this year…Richfield Ventures (RVC, TSX-V) is off 3 pennies at $6.05 after coming out yesterday with an initial 43-101 resource estimate totaling just over 4 million ounces of Gold at its Blackwater Project in central British Columbia…the stock ran to a new all-time high of $6.15…we first introduced Richfield when it was sitting just over a dollar per share in December, 2009, but even at $6 we still see plenty of upside potential given the likelihood that current resources will be upgraded and expanded as drilling continues…this has turned out to be a world class project that should garner more attention as the year progresses…Troymet Exploration (TYE, TSX-V) is active in the Blackwater area (it has a large property we like) and it’s carrying out a drill program there at the moment…the company provided an update on its exploration activities this morning at Blackwater and elsewhere…GoldQuest Mining (GQC, TSX-V) staged a strong reversal yesterday after falling as low as 36 cents following release of a very positive 43-101 resource estimate for its Toral zinc-lead-silver deposit in Spain…the stock rose from 36 to 42.5 cents before closing unchanged at 40 cents…the market is much more interested at the moment though in GoldQuest’s Dominican Republic Gold properties…the last round of drilling was the most successful yet at Escandalosa as the company appears to be getting closer to finding the centre of the mineralizing system…the current phase of drilling started in December and initial results are expected soon…GQC is unchanged this morning at 40 cents…Gold Bullion Development (GBB, TSX-V) is up a penny at 53 cents…the stock does have strong technical support in the low 50’s and the trading action over the last couple of weeks has helped to reinforce that support…Cadillac Mining (CQC, TSX-V) is quiet so far today and unchanged at 30.5 cents…we have confirmed an interview with President and CEO Victor Erickson this weekend prior to his departure to PDAC…Seafield Resources (SFF, TSX-V) is holding steady, off half a penny at 41.5 cents…technically, we’re seeing hopeful signs with Seafield…the 20-day moving average (SMA) has been in decline since early January but has now flattened out with a possible reversal to the upside in the near future…the long-term uptrend remains intact…Trueclaim Exploration (TRM, TSX-V) has an attractive chart as John outlined yesterday…the company continues to drill the Scadding Gold Mine Property which has the potential of surprising the market with some high-grade numbers…Trueclaim is currently off half a penny at 19.5 cents…