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Gold has been bouncing around today between a low of $1,377 and a high of $1,394…as of 11:15 am Eastern, the yellow metal is off $4 an ounce at $1,384…Silver is 25 cents weaker at $29.40…the U.S. Dollar has dropped sharply on a rise in U.S. jobless claims and is currently down three-quarters of a point at 79.34…the CDNX, which hit a new two-and-a-half year closing high yesterday of 2303, is currently down 7 points at 2297…it got as high as 2311 in early trading where there is some minor resistance from the January 4 high of 2312…last week, we stated a low was likely being put in around 2200 which is exactly what happened…again this underscores the importance of embracing any weakness in this extremely bullish market…our first of two trips very early in the New Year to northwestern Quebec and the Cadillac Trend has concluded…this first visit was research-focused and we’ll be returning to the area again shortly for some very interesting coverage…we have a great deal of geological material to review and an even better understanding of the incredible opportunities many companies active in this area offer…through conversations with several independent geologists and others, it’s clear there is intense interest in what’s happening at Gold Bullion Development’s (GBB, TSX-V) Granada Gold Property and in the surrounding area…this is pure speculation on our part, and we caution we’ve been proven wrong before, but news from Granada is overdue (the last drill results came out November 19) and we wouldn’t be surprised to see a major update from GBB sometime next week in advance of the Vancouver Resource Investment Conference January 23-24 (which we’ll be attending)…Gold Bullion will want to put its best foot forward at that event as with every other company…GBB is currently off a penny at 80 cents…we’re expecting big things out of Richmont’s (RIC, TSX) Wasamac Gold Property (15 kilometres west of Rouyn-Noranda) where extensive drilling has taken place since last May…Richmont is aiming to bring this former producer back into production (underground operation) and we see a strong possibility of a major upward revision of resources when a new estimate comes out in the near future….the company is expected to use a lower cut-off grade to expand the mineralized envelope…the geometry of this deposit is such that mining costs can be kept relatively low…the principal shear zone hosting the Gold mineralization at Wasamac dips northerly toward ground held by Cadillac Mining (CQX, TSX-V), a fact we predict that’s going to make things very interesting for Cadillac…in addition, CQX has already confirmed the potential for VMS mineralization on its Wasa claims through only limited drilling to date…Cadillac has other strategic claims in the area and also appears close to nailing down some potential major property acquisitions in the Great Basin…this is a company we expect to do extremely well this year…Cadillac is currently 2.5 cents higher at 40 cents…Abcourt Mines (ABI, TSX-V), recently added to the BMR model portfolio, is up half a penny at 21 cents…Abcourt has one of the best undeveloped silver-zinc deposits in the country with a very positive feasibility study produced by GENIVAR in 2007…Abcourt’s Elder-Tagami Gold Project just north of Rouyn-Noranda has also attracted our attention as resources appear to be building nicely there…Sidon International (SD, TSX-V) released encouraging news this morning from drilling at its Morogoro East Gold Property in Tanzania…the first six holes have been completed over a strike length of 900 metres…Sidon reports zones of disseminated sulphides of pyrite and pyrrhotite as well as some chalcopyrite and arsenopyrite throughout all six holes over intervals of 30 to 70 metres…visuals are not always reliable but early indications are positive that Sidon could be on to something at Morogoro…SD is ahead half a penny at 21 cents…the Dominican Republic is rich in mineralization which is why we are so bullish on GoldQuest Mining (GQC, TSX-V) and Everton Resources (EVR, TSX-V) which both have drill programs in progress there right now…the first one to report assay results in the near future will be Everton which started drilling last fall…both stocks are also looking very positive from a technical point of view as John has outlined the last couple of days…Everton is currently up half a penny at 33 cents while GoldQuest is off 2.5 cents at 33 cents after a nice move to the upside yesterday…the geological case for each of them is powerful…Seafield Resources (SFF, TSX-V) continues to look strong and we have every reason to expect more good news from its Quinchia Project in Colombia…the stock has refused to close below the recent financing price of 50 cents and has been consolidating in a bullish way since early last month when it ran to 77 cents on a spectacular drill result from Miraflores…nine more holes are pending from Miraflores in addition to initial results from a nearby property we’re even more excited about, Dos Quebradas…Seafield is currently off two cents at 54 cents on relatively low volume so far today…Kent Exploration (KEX, TSX-V) is unchanged at 14.5 cents as this company continues to show signs of a strong turnaround after a disappointing 2010…