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Gold is trading in a tight range so far today ($1,350 to $1,361) as the Fed’s FMOC meeting begins…it will conclude tomorrow with an announcement regarding fresh quantitative easing measures from the Fed with the expectation the package will start at around $400 or $500 billion…with U.S. inflation well below the Fed’s unofficial target of 2 percent, unemployment stuck at nearly 10 percent, and gross domestic product growing at a lethargic rate, Fed Chairman Bernanke has evidently concluded that doing nothing is not an option…the actions of the Fed over the next 2 years could take on an even more prominent role if Washington is mired in gridlock as a result of today’s Congressional elections…President Obama’s willingness to abandon his far left positions and work with Republicans, and whether or not Democrats will still control the Senate (they’ve most certainly lost the House), will determine how much gridlock there will be in Washington…Democrats will also be battling Democrats and there is also division within the Republican ranks, so it’ll be very interesting to see how politics play out in Washington and how this may impact the markets…overall, we view the Republican resurgence as a major positive for the markets with a renewed emphasis on lower taxes across the board and a push toward smaller government…as of 8:50 am Pacific, Gold is up slightly at $1,353, Silver is ahead 8 pennies to $24.71, while the U.S. Dollar Index is off one-third of a cent to 77.82…the CDNX, after stumbling out of the gate for November yesterday, is currently up 5 points to 1939…Gold Bullion Development (GBB, TSX-V)  is unchanged at 60 cents after jumping as high as 63 cents in early trading…Richfield Ventures (RVC, TSX-V) has come out with new drill results from its Blackwater Project this morning including 115 metres grading 2.59 g/t Au in BW-87…the other 3 holes reported by Richfield weren’t nearly as impressive and all 4 holes were drilled vertically…the stock is off a nickel at $2.80 after climbing as high as $2.94…Blackwater is shaping up nicely and at some point before year-end it’s reasonable to expect that Richfield will get through resistance at $3…in an interesting development, Greencastle Resources (VGN, TSX-V) has hired the same IR company that Richfield uses…Greencastle just recently picked up property near Blackwater and for Greencastle to invest significantly in IR is just one more clue that Tony Roodenburg has some major plans in store for VGN which is currently up half a penny to 19.5 cents…Currie Rose Resources (CUI, TSX-V), which traded nearly 4 million shares on the CDNX yesterday, is very active again today and up a penny at 20 cents…this stock has been under major accumulation since August and its Gold assets in northwestern Tanzania make the risk-reward ratio on CUI extremely attractive…we’ll soon be outlining in detailed geological language why we believe this company’s properties offer so much potential…a 3,000 metre RC drill program is currently underway at CUI’s Sisu River Property which is part of its very promising Mabale Hills Project that also includes Mwamazengo (just a few kilometres southwest of Sisu River) where a significant discovery was made several years ago…what has really been overlooked by the market with regard to Currie Rose is the company’s Sekenke Project, a large land package that surrounds and even runs in between 2 former producing mines from the first half of the last century…in addition to other targets, CUI will be following up on a 12 km x 800 metre NW-SE trending structure (strongly sheared basic volcanic rocks that host numerous vertical quartz reefs) approximately 10 km east of the former high grade Sekenke Mine which was one of Tanzania’s original Gold producers…with the addition of CUI, the BMR Portfolio now has 2 companies exploring in mining-friendly Tanzania – we also expect big things in the coming months from Sidon International Resources (SD, TSX-V)…Sidon is up a penny this morning to 11 cents…