BullMarketRun.ca

Gold’s strength continues this morning with a push through $1,200 an ounce…clearly, despite its current overbought condition, a near vertical move by gold in the very near term cannot be ruled out, though we do believe it is still wise to take some profits off the table in certain gold stocks that are technically very overbought…one stock that isn’t is Colombian Mines Corporation (CMJ, TSX-V) which we suggest investors do some due diligence on as this appears to be a very appealing situation…with less than 20 million shares outstanding, a strong land position in Colombia (including the Yarumalito Property which CMJ will soon be drilling), and a solid management team with extensive experience in Colombia, this is certainly a very attractive play with considerable upside potential…we will be writing more on Colombian Mines this week…its range in the first two hours of trading this morning is .58-.64…