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Gold continues to find support at $1,240…the yellow metal has traded in a range of $1,240 to $1,249 so far today…as of 7:55 am Pacific, it’s off $1 an ounce at $1,246…the CDNX has climbed above 1600…it’s currently at 1609, up a dozen points, closing in on the next resistance level of 1625…this is a powerful looking market…there no doubt will be a pullback at some point but it’s likely to be limited (i.e., 5%) as the CDNX is underpinned by very strong technicals at the moment and a lot of money will be pouring in on dips…Gold Bullion Development (GBB, TSX-V) is off a penny to 63 cents after falling as low as 61 cents this morning…the stock has strong technical support around current levels…this is the 4th day in a row on the downside, so astute followers should be embracing this weakness…the LONG Bars Zone has far too much going for it, based on Gold Bullion’s exploration update and results last Thursday, for GBB to remain under pressure for much longer…18,000 metres and 88 holes have been drilled in Phase 2 (as of last Wednesday) and the company is now using 3 assay labs…there’s lots happening in the LONG Bars Zone with at least 3 major areas of interest in the Eastern Extension plus continued drilling within the Preliminary Block Model where the promising northern half is now getting considerable attention…Canasia Industries, featured in John’s Technically Speaking article this morning, is up a penny to 20 cents…it’s also the 3rd most active trader on the CDNX so far today with volume of over 2 million shares…Canasia is drillings its Clone Gold Property near Stewart, BC, which generated quite a bit of excitement about a year ago…Richfield Ventures (RVC, TSX-V) is up a nickel to $2.35…we may have seen the last of any trading below $2 on this one with the proposed $15 million financing at $1.95…given the potential size of RVC’s Blackwater deposit in central British Columbia, the company’s current market cap of $66 million ($84.6 million if you factor in 7.5 million shares from the financing) still leaves a lot of room on the upside…interest in Colombian plays is starting to heat up again which bodes well for two companies we keep a close eye on, Seafield Resources (SFF, TSX-V) and Colombian Mines (CMJ, TSX-V)… both have quality projects and the right people on the ground in that country to develop them…Seafield is down half a penny to 22.5 cents this morning while Colombian is up a penny to 74 cents…