BullMarketRun.ca

Gold has traded within a narrow range today of $1,211 to $1,219…as of 8:30 am Pacific, Gold is unchanged at $1,213…the bulls have the upper hand with Gold right now, based on technical factors, and the final 6 weeks of this quarter should prove to be very interesting as Gold is also entering a period of traditional season strength…Gold and the U.S. Dollar have both been strong this week, perhaps indicating some growing investor anxiety…North American markets are generally flat this morning with no clear sense of direction…the CDNX is off 2 points to 1452…over the weekend we’ll be taking another look at the current CDNX chart in comparison to the 2004 CDNX as there are many important similarities between the two…the second part of our interview with British investment guru, entrepreneur and author Jim Slater will be uploaded at 2 pm Pacific today…Slater talks a little more about Gold and also discusses some stocks in the UK-based Junior Mining Fund he’s involved with, including Gold Bullion Development (GBB, TSX-V) and Spanish Mountain (SPA, TSX-V)…Gold Bullion is currently unchanged at 52 cents…Slater sees what we see in Gold Bullion…the Granada deposit is growing very fast and has tremendous potential to develop into a massive tonnage situation…the first assay results from the eastern extension (outside the Block Model) could come any day now and given historical information on this area, in addition to “visuals” that were provided near the end of July in Gold Bullion’s most recent news release, we have every reason to believe these results will confirm the growing magnitude and potential of the LONG Bars Zone…a massive area going east appears to be mineralized, for several kilometres, within a north-south zone of approximately 450 metres in width…it’s not hard to do potential tonnage calculations on the back of an envelope with this one…those who do not see what’s developing here have simply not done their homework…Sidon International Resources (SD, TSX-V), which has tripled in value since we first brought it to the attention of BMR readers several months ago, has consolidated very nicely and is finding strong technical support at its rising 20-day moving average of 13.5 cents…Sidon’s overbought condition has largely “unwinded”, creating the possibility of another upleg in the near future…this would likely have to be accompanied by an exploration update on Morogoro East, however, as investors are waiting for Sidon to lay out some clear plans with that project…