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December 23, 2009

BMR Morning Market Musings…

As we have been predicting, a major new upleg is underway in the Venture Exchange and the gold bulls are regaining control…there’s no question the Venture will reach a new 52-week high by month end…it is up 22 points to 1444 as of 9:50 am Pacific time this morning, just 22 points off the 1466 high set December 3…gold has firmed up $11.00 to $1,094…we have more to report by tomorrow morning on Gold Bullion Development Corporation (GBB, TSX-V) which is strong at .095 this morning…there’s no question a major breakout is imminent here, and as we mentioned here yesterday we’ll be reporting extensively on Gold Bullion in the days and weeks ahead…it has serious “legs” as demonstrated by the volume breakout we’ve seen, and we are extremely bullish on its Granada Gold Property which is just 40 miles west of Osisko’s (OSK, TSX) massive Canadian Malartic Deposit…the substantially increased competing offer for Canplats Resources Corporation (CPQ, TSX-V) this morning demonstrates how undervalued many juniors still are, and will add fuel to the fire in this CDNX bull market run…

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