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Gold is finding support as BMR’s technical analyst outlined in last night’s article…Gold dipped as low as $1,175 this morning but buyers stepped in and have pushed it back up to the high of the day…as of 7:55 am Pacific time, Gold is ahead $7 an ounce to $1,191…Gold is at a 2-month low but has not been below its rising 200-day rising moving average (which currently is at $1,160) for over a year-and-a-half since early January, 2009…there is very strong technical support for Gold between $1,140 and $1,180…we expect continued chopiness for several weeks which should set Gold up for a major turnaround beginning mid to late August…it’s interesting to note the TSX Gold Index, which is up several points this morning, is already at quite oversold levels so the idea of a major 2008-style breakdown in Gold at this point just doesn’t seem to hold water…the CDNX is off 3 points to 1359…we do believe this market will soon break out of its 2-and-a-half month slump with chart patterns that are almost identical to those of 2004 when the market climbed 25% from late July through the remainder of the year…Gold Bullion Development (GBB, TSX-V) is off a penny this morning to 48.5 cents…there is very strong technical support for GBB in the upper 40’s…it’s rising 50-day moving average is 49 cents…with the company having outlined a potential non-compliant resource of 2.4 to 2.6 million ounces in its Preliminary Block Model, and hitting what appears to be all the right structures including visible gold in the east-northeast extension area of the LONG Bars Zone, we believe it’s just a matter of time before the market understands more fully the potential massive size of Granada…one of the key sentences in last week’s news release was that GENIVAR is hitting multiple zones of altered feldspar porphyry (favorable for gold mineralization) in all directions surrounding Phase 1 discovery hole GR-10-17…Sidon International (SD, TSX-V), which we added to the BMR Portfolio in March at a nickel, is unchanged at 10 cents…we expect some continued consolidation in Sidon before its overbought technical condition unwinds…Kent Exploration (KEX, TSX-V) released an update this morning on exploration activities at its Alexander River Gold Property in New Zealand…the company announced some encouraging results from an IP survey but is still waiting for a drill permit from the New Zealand Department of Conservation…Kent is up half a penny to 11.5 cents on low volume…