BullMarketRun.ca

Gold has traded in a range of $1,380 to $1,393 so far today…as of 8:45 am Pacific, the yellow metal is down $2 an ounce at $1,384…Silver is off 4 cents at $29.31 while the U.S. Dollar Index has declined one-tenth of a point to 80.52…barring any dramatic geopolitical developments, Gold is likely to remain relatively quiet in thin trading through the Christmas period and New Year’s…the CDNX got as high as 2151 this morning (the beginning of a resistance band) but is now unchanged at 2147…John is working on a detailed new chart for the CDNX, which we’ll be posting in the next couple of days, and the outlook is extremely positive…we’re also providing brief technical reviews on each of the 11 stocks in the current BMR Portfolio…Sidon International Resources (SD, TSX-V), Greencastle Resources (VGN, TSX-V), Adventure Gold (AGE, TSX-V) and Excel Gold Mining (EGM, TSX-V) were reviewed last night…more companies will be covered this evening…Gold Bullion Development (GBB, TSX-V) surged to a new all-time high yesterday of 93 cents…a chart tells so much about the health and prospects of a company, and GBB’s chart is certainly a picture of beauty…the stock is quieter this morning, off 2 pennies at 85 cents…Cadillac Mining (CQX, TSX-V) has pulled back slightly which opens up an even better opportunities with this gem that we discovered a couple of weeks ago…CQX is down 2 cents to 39 cents which drops its market cap slightly below $10 million…it fell as low as 36.5 cents this morning, just above the supporting 10-day moving average…this is one of our favorite situations for 2011 which we anticipate will be a breakthrough year for Cadillac as we have already outlined…we’ll be announcing details shortly regarding our upcoming trip to Rouyn-Noranda which will include extensive coverage of CQX…GoldQuest Mining (GQC, TSX-V) has started a Phase 2 drill program at its highly prospective La Escandalosa Property (formerly Las Tres Palmas) in the Dominican Republic…30 to 40 holes totaling approximately 2,500 to 3,500 metres will be drilled in this Phase as the company tests potential extensions along strike to the north and south of the Escandalosa Sur deposit…alteration and mineralization have been traced for 2,200 metres at La Escandalosa which holds a lot of exploration upside…GQC has several other high quality targets in the DR, and a 43-101 resource estimate is expected in the near future for the company’s zinc-lead-silver deposit (Toral) in Spain…GoldQuest is up a penny at 39.5 cents…we’re continuing to review Everton Resources (EVR, TSX-V) which came out with initial assay results yesterday from its APV Property in the DR which borders the huge Pueblo Viejo deposit…the numbers certainly weren’t spectacular but they were definitely encouraging and Everton remains on our “watch list”…it’s currently off a penny at 35 cents…