BullMarketRun.ca

Gold has been a little soft this morning but it’s holding up extremely well with the U.S. Dollar much stronger…as of 8:00 am Pacific, the yellow metal is now off just $1 at $1,393…Silver is up 5 pennies to $26.81 while the U.S. Dollar Index has surged two-thirds of a point to 77.08…G-20 leaders meet in South Korea Thursday and Friday and currencies will no doubt be at the top of the agenda…Wolfgang Schäuble, Germany’s finance minister, has raised the temperature prior to the meeting by describing the U.S. economic model as being in “deep crisis” and criticizing the Fed’s decision to pump an extra $6 billion into financial markets…”It is not consistent when the Americans accuse the Chinese of exchange rate manipulation and then steer the dollar exchange rate artificially lower with the help of their (central bank’s) printing press”, Shauble stated…nice to see there’s harmony in the G-20 family…meanwhile, Helicopter Ben, who’s going to make us all rich on our Gold stocks and just about every possible commodity we could invest in, had these words after last Wednesday’s introduction of QE “2”:  “I have rejected any notion that we are going to raise inflation to a supra-normal level“…the Fed Chairman is trying vigorously to create a more inflationary environment but assures everyone that inflation won’t rise to a “supra-normal” level…someone should ask him how long it takes to bring a large ocean freighter to a complete stop after the engines have actually been turned off…sugar’s 5% surge in just one day last week is an omen of things to come on the inflation front and the CDNX is confirming that…the red-hot Venture Exchange is up 5 more points in early trading to 2014…the CDNX, the TSX, and the TSX Gold Index are all up while the Dow and the Nasdaq are down slightly which demonstrates the interest in commodities right now…Gold Bullion Development (GBB, TSX-V) is off 1 penny at 58 cents…exploration news from Granada has been positive all year long and we see no reason why that’s about to change now…GBB has stated it will be providing an update on Granada in the near future and it was pointed out to us this morning there is a new statement on GBB’s updated web site:  “The company, which just recently completed an $8 million financing, has stepped up its exploration efforts as it believes the LONG Bars Zone is highly prospective for significant new discoveries within both the growing Eastern Extension and the Preliminary Block Model.  A steady flow of assay results from the Phase 2 program is expected through the final 2 months of the year“…everyone should fasten their seat belts because we remain as bullish as ever on the Granada Property and the potential of it to host a multi-million ounce Gold deposit…Currie Rose Resources (CUI, TSX-V), which reminds us in some ways of Gold Bullion when we first looked at GBB a year ago, is up a penny to 20.5 cents this morning…CUI has a large land package in northwestern Tanzania that we are very excited about and we encourage investors to listen to the interview we uploaded to our site Saturday with CUI President and CEO Harold Smith…Excel Mining (EGM, TSX-V) has announced this morning that the drills start turning at its Montauban Mining Camp Project starting next Monday…it seems they’ve increased the drill program from the orginally announced 4,000 metres to 5,500 metres…Montauban is a former Gold, silver and base metals producer and the project does offer very strong exploration upside…the company is holding its AGM tomorrow and we’re hoping to see Frank Basa take on a bigger role with the company…EGM is currently down 1 cents to 13.5 cents…GoldQuest Mining (GQC, TSX-V) is up 1.5 cents to 27.5 cents and looking very strong on the charts…