BullMarketRun.ca

Gold hit a new all-time high of $1,388 this morning before pulling back…as of 9:50 am Pacific, the yellow metal is up $3 an ounce to $1,375…Silver is ahead 42 cents to $24.47…the U.S. Dollar continues to slump and is now at 76.64 on the Index…it should find some technical support above 76…the CDNX is down 8 points on profit taking to 1821 after trading as high as 1836 in the early going…Gold Bullion Development (GBB, TSX-V) is unchanged at 58 cents…a turnaround in GBB’s 20-day moving average appears to be close at hand, a technical event that normally signals the beginning of a new uptrend…based on the length of time it took GBB to close its last financing, we expect the current $8 million financing to wrap up sometime next week…GoldQuest Mining (GQC, TSX-V) has pulled back 25% from its new 52-week high of 32.5 cents Tuesday…GQC is currently at 26.5 cents, down 2 cents for the day…we view this as nothing more than a healthy correction which has taken GQC back to an area of strong technical support…this company has much going for it in both the Dominican Republic and Spain, giving it massive upside potential in the bull market for juniors going forward…this is definitely one of those stocks to just tuck away for a while and not worry about…accumulating on any weakness has been the smart and successful strategy with GQC over the last month and will continue to be…GoldQuest is extremely well positioned for exploration success in the DR and potential production in Spain with the Toral zinc-lead-silver deposit…Excel Gold Mining (EGM, TSX-V) is down half a penny to 17 cents…there’s a lot on the go with Excel at the moment as the company prepares to launch a major drill program at its Montauban gold-silver and base metal property 120 kilometres west of Quebec City…Excel also announced yesterday that an exhaustive compilation of historical drill data and other geological information on Montauban is nearly complete…this is the first undertaking of its kind with respect to Montauban and it’ll give investors new insight into the potential of this property which we consider to be huge…the company has also secured a large land package of well over 100 square kilometres surrounding the former mine…geologists we’ve spoken to are very excited about the regional prospects…Excel is a perfect fit for the BMR Portfolio with the potential of Montauban and the immediate surrounding area overlooked and underrated…more drill results from Richfield Ventures (RVC, TSX-V) are expected next week…the stock has lately been digesting its large gains through July, August and September…next week’s results will determine if it launches into a fresh and possibily major new move to the upside…RVC is currently down 4 cents to $2.72…