BullMarketRun.ca

Gold fell as low as $1,184 overnight but has rebounded to $1,193 as of 7:05 am Pacific time, down just $1 on the day…after slipping 69 points the last 3 sessions, the CDNX is trying to find its footing…the Venture is up 2 points to 1349 after 35 minutes of trading this morning…in each year between 2003 and 2007, the CDNX briefly fell below its rising 300-day moving average (which it has now) and then rebounded strongly as the bull market continued…we’ll see if history repeats itself here in 2010…Seafield Resources (SFF, TSX-V) is holding an investor conference call starting at 8 am Pacific time (11 am eastern) with Ian Park as moderator…this should prove very interesting as investors get additional information on Seafield’s Colombian holdings as well as other projects…Seafield is currently down half a penny at 18 cents… Gold Bullion Development (GBB, TSX-V) is off 1.5 cents to 48 cents…GBB recovered yesterday after dipping as low as 43.5 cents where there is exceptionally strong techncial support…the intensity of the sell-off in GBB recently has been surprising considering the fundamentals haven’t changed at all…investors are still waiting for the first batch of drill results from Granada…those results can never come quickly enough and many investors can often become impatient or concerned…some selling of stock to exercise warrants at 16 cents is also likely occurring…but the bottom line here has not changed…the LONG Bars Zone is massive and holds real potential for a multi-million ounce, near-surface deposit…the drill bit will dictate where this stock is headed and we’re very confident the LONG Bars Zone will deliver the goods…investors need to keep a close eye this month on North Arrow Minerals (NAR, TSX-V) which is making preparations to start drilling its very promissing Lac de Gras diamond property…the stock has shown strong support at 15 cents where the upside potential far exceeds the downside risk…nothing new to report on Sidon International Resources (SD, TSX) which is quiet at 5.5 cents…the company is still waiting for approval from the CDNX on a series of recently filed documents including its letter of intent to acquire the Morogoro east Gold Property in Tanzania…