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Gold has been bouncing back and forth today as the Fed’s FMOC meeting nears conclusion…market participants are virtually certain that the Fed will announce a substantial amount of asset purchases today (new “quantitative easing” measures) when its November meeting ends…according to a CNBC Fed survey, market participants look for the Fed to announce $457 billion in asset purchases, down from the $490 billion estimated in mid-October…the Fed’s “language” will be important as well…as of 7:25 am Pacific, Gold is off $3 an ounce at $1,355…Silver is down 13 cents to $24.81 while the U.S. Dollar Index is up slightly to 76.80…in the biggest repudiation of a White House in over half a century, Republicans gained over 60 seats in last night’s Congressional elections to win control of the House of Representatives…Democrats, however, managed to maintain control of the Senate though their majority was reduced…the end result should be very bullish for the markets going into 2011 as we’ll explore in more detail in a separate article…markets are generally quiet and directionless this morning in anticipation of the Fed announcment…the CDNX is up a point at 1943 while the Dow is ahead 17 points and the TSX is off 19 points…at BMR, we welcome and regularly receive comments from our readers as we value everyone’s input…this morning for the first time we received a comment from a President and CEO of a company, John Carter from Trueclaim Exploration (TRM, TSX-V), which we thought we also include in our Morning Musings…”We are the optionee of the Scadding property from Currie Rose Resources. I would like to say that we have been involved with Harold Smith for over three years, in that time we have developed a great relationship and have worked closely together to make the Scadding property a success. His help and guidance has been instrumental in helping us develop what we both feel is an excellent opportunity. I would highly recommend Currie Rose and Mr. Smith to any potential investors, his honesty, integrity and hard work will insure in my opinion the ultimate success of Currie Rose“…we thank John for his comment and we suggest investors keep a close eye on Trueclaim as well which has been working diligently at Scadding and getting encouraging results…Currie Rose is currently unchanged at 19 cents…massive accumulation has been taking place in this stock for almost 3 months now with over 6 million CUI shares trading the last 2 days alone on the CDNX…we believe CUI is on the verge of a major breakthrough in the development of its large land package in the Lake Victoria Greenstone Belt in northwest Tanzania…Gold Bullion Development (GBB, TSX-V) is trading between 59 and 60 cents this morning…we haven’t interviewed Frank Basa for quite some time but Basa has agreed to speak with us in the very near future which leads us to believe something is “in the works” with GBB...Seafield Resources (SFF, TSX-V) has shown a little weakness the last couple of days, falling as low as 19 cents, but our interview late last week with President and CEO Tony Roodenburg actually gave us some encouragement regarding Seafield…he expressed some frustration with the pace of exploration at Quinchia but stressed, as we have been stressing, the inherent value of the property package and the blue sky potential of Dos Quebradas in particular…Roodenburg stated that drilling has concluded at Miraflores (12 holes) and will start very soon at Dos Quebradas…Seafield is unchanged at 20.5 cents…