BullMarketRun.ca

Gold is up $6.00 an ounce this morning, as of 7:30 am Pacific time, to $1,114 with the U.S. dollar retreating after a big move yesterday…the CDNX is off 7 points to 1,517…Gold Bullion Development Corporation (GBB, TSX-V) is showing strength this morning and is up a penny to .105 on volume of 374,000 shares…from a technical standpoint this stock is very healthy at the moment and appears ready to make another assault on its 52-week high of .125…a move past that resistance will clearly pave the way to higher prices…the fundamentals are exceptionally strong here…we’re anticipating additional assay results next week from Gold Bullion’s Granada Gold Property which could further significantly extend the strike length of this growing deposit with mineralization currently measured at 600 metres in length, 150 metres in width, and up to 70 metres in thickness…like Osisko’s Malartic Deposit, Granada is unusual for “Cadillac Trend” situations as it appears it could be a massive surface bulk tonnage, open-pit deposit…grades are in line with Malartic…these are very early days for Gold Bullion but we love the blue sky potential here as this stock’s market cap is still under $10 million…Richfield Ventures (RVC, TSX-V) is holding firm this morning at $1.52 after strong gains the past two trading sessions…Richfield’s Blackwater Project is going to gain more and more attention in the coming weeks and months as potentially one of British Columbia’s biggest-ever gold discoveries, a bulk tonnage find that could prove to be in the order of several million ounces…a 25,000 metre drill program commences at Blackwater in early April, and the speculation in this stock at that time should be intense indeed…its current fully diluted market cap of $60 million could easily climb to $250 million or better as Blackwater is more accurately defined…Seafield Resources (SFF, TSX-V) is up 2.5 cents to 25 cents on half a million shares in the first hour of trading…we’re still waiting for news regarding Seafield’s Colombian acquisitions…many of our readers have accumulated a large position in Seafield since we initiated coverage at 6 cents last summer…our outlook for this stock is as positive as ever but further patience is required…