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Gold has shrugged off another interest rate hike in China and is $13 higher as of 8:30 am Pacific…the yellow metal is currently at $1,365, just slightly above its 100-day moving average (SMA)…Gold bulls have wrestled momentum away from the bears…inflation is clearly a concern in China and other emerging markets…what’s also important is that China still has negative interest rates (the interest rate minus the inflation rate) which continues to make Gold very attractive to hold…using the one-year deposit rate, even with today’s hike, China still has a negative rate of 1.6%…today also marks the end of China’s New Year holiday…physical buyers are starting to come back into the Gold market…Silver is ahead 61 cents to $30.05…the U.S. Dollar Index, meanwhile, is down one-third of a point to 77.68…the CDNX is off 4 points at 2371…rare earths, potash and sexy technology plays like INT have drawn a lot of investor interest recently…at BMR our niche is primarily the junior Golds but of course we also track the overall health of the CDNX which helps traders and investors make decisions on a wider range of opportunities…the CDNX continues to look extremely bullish which is positive not only for the Gold plays but other sectors as well…for possible opportunities in the potash space, we suggest investors check out Clive Maund’s web site (www.clivemaund.com)…he helped make his readers a lot of money in Allana Potash (AAA, TSX-V) and has just recommended Encanto Potash Corp. (EPO, TSX-V) which is a little weaker this morning at 57 cents…keep in mind Clive is a technical analyst…investors should, as always, perform their fundamental and other due diligence…GoldQuest Mining (GQC, TSX) has named Julio Espaillat its new President and CEO this morning which is yet another reason why we see a major breakthrough coming for this company in the Dominican Republic…Espaillat is intimately familiar with the DR…for the past 11 years he was President and General Manager of GlobeStar’s DR subsidiary…he was co-responsible for building the only currently operating mine (Cerro de Maimon) in the DR which is about 100 kilometres from GoldQuest’s Las Animas Project…there are potential production synergies between the two as we discussed with Chairman Bill Fisher last Thursday…initial drill results from La Escandalosa are expected in the near future along with a 43-101 resource estimate for GoldQuest’s Toral zinc-lead-silver deposit in Spain…GQC is currently down half a penny at 47 cents after falling as low as 44.5 cents…any weakness should be pounced on as an opportunity with GoldQuest given the powerful fundamentals and technicals that are underpinning and driving it…GoldQuest is building major momentum in the DR and the appointment of Espaillat clearly demonstrates the direction the company is headed…they are aiming for a resource of at least a million ounces at Escandalosa with the goal of putting this deposit into production at the rate of 100,000 ounces a year…the current 42-hole program should significantly increase and upgrade resources…Richfield Ventures (RVC, TSX-V) has released more drill results this morning…a one kilometre mineralized zone from east to west has now been defined with all assays in from 2010 drilling…the latest seven holes include 206 metres grading 1.56 g/t Au in BW-114 and 39 metres of 2.74 g/t Au in BW-112 which was collared 100 metres east of known mineralization…drilling has resumed at Blackwater…the company will be drilling at least 30,000 more metres this year and is also working on a Preliminary Economic Assessment which should be completed by the fall…Richfield traded as high as $5.49 this morning but has since backed off to $5.15 for a loss of 9 pennies for the day…Cadillac Mining (CQX, TSX-V) has gained three cents to 30.5 cents…Richmont Mines (RIC, TSX) released more encouraging drill results from Wasamac this morning, where Cadillac holds claims, and also announced that a new resource estimate for Wasamac will come out by the end of next week…what’s also interesting is that three rigs continue to drill at Wasamac…Cadillac’s AGM is next week and Wasamac will no doubt be a topic of conversation…Gold Bullion Development (GBB, TSX-V) is unchanged at 75 cents after trading as high as 77 cents on an increase in volume this morning…news appears to be imminent from Granada and the trading action suggests it’s going to be good…