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Gold is quieter today after a drop of $40 an ounce Friday…as of 8:15 am Pacific, the yellow metal is up $4 an ounce to $1,373…it has traded in a range of $1,359 to $1,376 so far today…Silver is up 33 cents to $26.37 while the U.S. Dollar Index has strengthened to 78.52, overcoming some resistance at the 78 level…there is still major resistance between 79 and 80 on the U.S. Dollar Index, so bulls have a lot of heavy lifting to do – the bears are still in control…U.S. retail sales rose more than expected in October, posting their largest gain (1.2%) in 7 months…this was the 4th consecutive monthly increase in retail sales…China’s Shanghai Composite Index recovered today after posting its biggest percentage loss in 14 months Friday amid talk of further central bank tightening…Friday’s 5% correction was a healthy pullback in an ongoing bull market in China…the CDNX is down 12 points at 1995…the previous resistance band we identified (1900 – 2000) will provide tremendous support for the CDNX prior to the next major leg up…later today we’ll be taking a look at the current CDNX in comparison to the Nasdaq’s 7-month run from the summer of 2009 to mid-March, 2000…Gold Bullion Development (GBB, TSX-V) has come out with more news this morning and it’s very encouraging and significant…this project is much more advanced than some investors realize…GBB has reported high recovery rates, in excess of 93%, from Granada metallurgical test work performed by Gekko Systems in Australia…the combined gravity-flotation Gold recoveries in 2 separate tests were 93.9% and 97.2% at grind of 100% passing 150 microns…test samples were taken from Phase 1 drill core from 3 holes last spring that penetrated the Gold bearing structures in the LONG Bars Zone Eastern Extension…the composite samples were free of any high grade intercepts with the assayed and calculated head grade ranging between 0.45 – 0.60 g/t Au (lower than the assayed hole grades because of the removal of the high grade intercepts)…what this means, in simple language, is that the ore at Granada appears to be very clean which is excellent news for the potential economics of this project…a high recovery rate means more Gold can be extracted economically…this is consistent with the company’s bulk sample in 2007 and historical reports from Granada…the recovery rates that Gekko came up with are extremely high, especially for a lower grade deposit and even higher than the recoveries Osisko has reported from metallurgical tests for its Canadian Malartic Deposit…the potential economics of Granada could indeed be very robust…Gold Bullion also stated this morning it expects to release additional assay results from the LONG Bars Zone later this week…GBB is up 4 pennies as of 8:15 am Pacific to 64 cents…a new uptrend with GBB appears to be gaining momentum…Currie Rose Resources (CUI, TSX-V) is unchanged at 23 cents…our guess is that after 3 weeks, drilling at CUI’s Sisu River Property in Tanzania should be approaching the midway mark of the 3,000 metre Phase 1 program…the company is using a lab just a short distance from its Mabale Hills Project, so initial results may not be far off…Currie Rose is drilling into a highly prospective target and we can’t help but think the odds of some sort of discovery are significant…we like how Sidon International (SD, TSX-V) seems to have bottomed out around a dime…patient investors should be rewarded here…the lack of news from Sidon recently has not meant a lack of activity at the company’s Morogoro East Property in Tanzania…SD is currently up half a penny at 10.5 cents…Richfield Ventures (RVC, TSX-V) is off 17 cents this morning to $3.02 but the stock has very strong technical support at $3.00….