The markets are off to a good start this first day of March…gold was a little soft earlier this morning but is currently up $3.00 an ounce to $1,121 as of 9:15 am Pacific time…the CDNX is off 2 points at 1,529 but should strengthen by the close…Gold Bullion Development (GBB, TSX-V) remains under “Alert” status based on our technical analysis of the stock and fundamental factors as more Granada drill results are expected soon…GBB is unchanged this morning at 11.5 cents on volume of 321,000 shares…bring on those assay results, we say, because we are convinced the Granada Property is going to be a big winner…Kent Exploration (KEX, TSX-V) is up a penny to 16 cents…we believe Kent will be a strong performer this month after a very weak February…with the stock’s oversold condition, plus the fact it’s trading at very strong support levels, now is clearly the time to be accumulating Kent which should at least challenge its 52-week high of 24.5 cents this month as speculation builds over drill campaigns starting soon at both Gnaweeda in Australia and Alexander River in New Zealand…Kent has less than 40 million shares outstanding and is rather tightly held, so it has real potential to move forecefully in a hurry…Seafield Resources (SFF, TSX-V), which enjoyed a great week last week, is off 1.5 cents this morning to 31 cents on fairly light volume for this stock of 240,000 shares…Richfield Ventures (RVC, TSX-V) is up 2 cents to $1.50…
March 1, 2010
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