BullMarketRun.ca

Gold is beginning to recover after a sharp pullback that began last week…the yellow metal is up $13 an ounce to $1,349 as of 7:10 am Pacific…it got as high as $1,360 earlier this morning…Silver has climbed 79 cents to $26.44 while the U.S. Dollar is softening, down one-quarter of a point to 78.71…the action in the CDNX suggests Gold’s correction may indeed have been a very short one…the Venture gained 31 points yesterday and is up sharply again this morning after bouncing off very strong support near 1900 Tuesday…the CDNX is currently at 1983, up 29 points…the CDNX experienced an 8% pullback, in line with Gold’s drop, and we hope many of our readers were able to take advantage of Tuesday’s buying opportunities as the Index fell within 2 points of the strong support level John identified at 1900…Gold Bullion Development (GBB, TSX-V) has broken through resistance at 65 cents and is up 2 more pennies this morning at 67 cents…more assay results are expected from the LONG Bars Zone by tomorrow as indicated by the company in its Monday news release…at BMR we firmly believe the next GBB could be Currie Rose Resources (CUI, TSX-V) which is aggressively exploring its promising land package in Tanzania…CUI is up half a penny to 22.5 cents after news late in the day yesterday…the company gave an exploration update on its Tanzanian properties and stated “good source rocks have been intersected” in drilling at Sisu River, 8 km northeast of a previous discovery Currie Rose made…14 holes have been drilled to date at Sisu River and initial assay results are pending…the geological arguments are very strong for a potential major discovery at Currie Rose’s Mabale Hills and Sekenke Gold Projects which are located in the highly prospective Lake Victoria Greenstone Belt of northwestern Tanzania…technically, the stock looks extremely attractive and is threatening to break above a downsloping flag as John pointed out in his article this morning…Currie Rose has been an overlooked company in Tanzania and has built strong relationships in that country since it started exploring there in 2005…its pipeline of projects offer huge exploration upside…if you’re looking for a beaten-down stock that’s oversold and out of favor right now with investors, keep your eyes on Noront Resources (NOT, TSX-V)…NOT is unchanged at $1.02 this morning…Noront is seriously under-performing given its assets at McFauld’s, but the stock does have a history of sudden and sharp turnarounds…in this commodities bull market, Noront will eventually sizzle again and perhaps sooner rather than later…the risk-reward ratio at current levels is highly attractive…