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Gold has traded between $1,653 and $1,683 so far today…as of 9:00 am Pacific, the yellow metal – after a strong performance yesterday – is off $12 an ounce at $1,664…Silver is down 3 pennies at 32.01…Copper has lost a dime to $3.29…Crude Oil is 34 cents weaker at $85.07 while the U.S. Dollar, which broke below important channel support yesterday, is flat at 77.60…Gold touched a key resistance area – $1,680 – again this morning…John identified three critical levels in his latest Gold chart last Thursday – $1,648, $1,680 and $1,753 – which showed that momentum in Gold is increasing…the producers and near-producers have been the smartest Gold plays in recent months and that should continue to be the case…just two of our favorites in that space continue to be Richmont Mines (RIC, TSX) and New Gold Inc. (NGD, TSX)…those looking for additional leverage (though higher risk) should do their due diligence on the Kinross “D” warrants (K.WT.D) which have an expiry date of September 14, 2014, and a strike price of $21.30 (U.S.) for one common share of Kinross (K, TSX)…

On the junior side, there was good news on the Currie Rose Resources (CUI, TSX-V) front this morning…Liontown Resources, an Australian-based publicly traded company, has delivered several solid drill results from the Jubilee Reef Property in Tanzania which also helps underscore the overall potential of CUI’s entire land package in that country…Liontown, which is earning an interest in Jubilee Reef from Currie Rose, completed 4,000 metres of RC and RAB drilling over three prospective areas at Jubilee and reported very good near-surface results including 28 metres grading 3.02 g/t Au (hole #18) and 40 metres grading 1.19 g/t Au (hole #19) at Masabi Hill…two intersections from the Shangaza/Panapendesa area also highly encouraging – 28 metres of 2.8 g/t Au (hole #24) and 12 metres of 2.3 g/t Au (hole #25)…with initial results like that, the potential of a substantial Gold system at Jubilee clearly exists…more drilling is planned…Currie Rose, which became technically oversold as it dipped as low as 10 cents last week (strong support area), is currently up 2 pennies at 12 cents on CDNX volume of over 300,000 shares…so not only is Jubilee now in play for CUI, but the company of course continues to work directly on its Mabale Hills and Sekenke Projects…investors should not forget that CUI reported positive visuals from all holes drilled at Sisu River and Dhahabu and assays are pending from both properties…drilling also continues at Sekenke which has tremendous blue sky potential…this is a company that has been around for some four decades and has successfully carved out a large and highly prospective land package in an under-explored, mining-friendly region…solid situation with excellent management…recent overall market weakness has beaten CUI down to very attractive levels from an historical standpoint…

The CDNX has jumped 37 points to 1510…as John pointed out last week, there is significant resistance at 1530…over five trading sessions the Index has now gained 204 points or 16%…even a move to 1700 would not alter the primary trend, however, which we believe is now negative…the Index has some major technical headwinds to battle during this fourth quarter, so we’re interpreting any move to the upside as a bear market rally…in that context, though, some companies will still perform very well…this is a very selective market at the moment and that’s likely to continue…

Visible Gold Mines (VGD, TSX-V), like Currie Rose, is showing some strength this morning…VGD is up a penny-and-a-half at 27.5 cents…Visible Gold Mines has a strong cash position and an outstanding property portfolio, including a sizeable land package on either side of Richmont’s Wasamac Property, so we continue to be optimistic regarding VGD…assay results from Wasa Creek are pending while drilling starts at Wasa East and continues at Joutel...Adventure Gold (AGE, TSX-V) has jumped 3.5 cents to 39 cents…the stock dropped as low as 30.5 cents in last week’s sell-off…AGE is in a healthy financial position and has an impressive portfolio of properties including the one we’re most excited about, Pascalis-Colombiere near Richmont’s Beaufor Mine…Gold Bullion Development (GBB, TSX-V), which hit strong support at 21 cents last week, is up 2 pennies at 27 cents as investors continue to wait for an initial 43-101 resource estimate for the LONG Bars Zone…