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Gold raced to a new all-time high this morning of $1,474.20…it has since pulled back slightly to $1,471 (as of 9:00 am Pacific) for a gain of $13 an ounce from yesterday…Silver has crossed the psychologically important $40 barrier and is currently up 74 cents at $40.38…crude oil is now above $111 a barrel while the U.S. Dollar Index has hit a new five-month low and is down nearly half a point at 75.08…budget difficulties continue in Washington and a government shutdown deadline is just hours away…this isn’t helpful for the greenback and there’s also a perception in the market that the Fed could be getting behind the curve on rising inflationary pressures…we should all make sure we put Ben Bernanke on each of our Christmas card lists as he’s helped many of us make lots of money on Gold stocks over the past couple of years…thank you, Ben, just keep doing what you’re doing and hopefully we can keep riding this wave…talk about climbing a wall of worry…a possible U.S. government shutdown (some would say that’s not such a bad thing), the Middle East has been flipped on its head, many countries are fighting major debt problems, the world’s third largest economy is trying to dig out of a disaster, food and energy costs continue to rise, and even a Tim Horton’s coffee is going up in price…but the market keeps going higher…the CDNX is up another 16 points this morning to 2392…this market has turned very bullish with Tuesday’s breakout through 2330…the possibility of a major near-term move from here cannot be ruled out given the current dynamics…the big test will come soon as the CDNX nears its early March high of 2465…major intrigue surrounds White Tiger Mining (WTC, TSX-V) which we immediately brought to our readers’ attention Tuesday morning when the company released very positive news regarding its Phase 2 drill program at its Marshall Lake copper-Silver-Gold-zinc Property in northern Ontario (Rainy Mountain Royalty Corp., RMO, TSX-V), was also halted as it’s a 50% partner in the project)…WTC exploded on huge volume from the 50-cent area and last traded at 81 cents when the stock was halted late in the trading session pending news…we’re watching developments from WTC and Marshall Lake very closely…the stock has just 15 million shares outstanding and the President and CEO is a gentleman we have a great deal of respect for, Ron Coombes…Gold Bullion Development (GBB, TSX-V) rocketed higher yesterday as it was added to Casey’s International Speculator’s portfolio…it’s great to see others recognize the exceptional potential of GBB…a reversal to the upside in the stock’s 20-day SMA is a very positive technical development…John updates the GBB chart below…

Gold Bullion has traded between 51 and 54 cents this morning…it’s currently at its high for the day, 54 cents, up 3 pennies on strong volume…Visible Gold Mines (VGD, TSX-V) has just come out with some interesting news…this company is getting very aggressive in its exploration in northwest Quebec…we’re still reviewing the news and we’ll be posting a separate piece on VGD later this morning…from a technical standpoint, an extremely bullish development with VGD – the 50-day SMA, which has been in decline since the beginning of January, has flattened out and now appears ready to reverse to the upside…this is almost always a sign of a pending major move…the stock is currently up half a penny at 40.5 cents…Gold Canyon Resources (GCU, TSX-V), which we first mentioned when it was below $3 last month, is off 3 pennies at $4.06 after jumping as high as $4.21…drill results demonstrate incredible potential for GCU’s Springpole Project which is located 100 kilometres northeast of the Red Lake mining camp…we suggest readers check out GCU and perform their due diligence if they haven’t done so already…other situations (not in the BMR model portfolio) that look particularly interesting right now include Levon Resources (LVN, TSX-V), Great Panther Silver (GPR, TSX) and Revett Minerals (RVM, TSX)…