BullMarketRun.ca

It seems we’re on a bit of a roll these days with precise calls on gold, the CDNX, Seafield Resources (SFF, TSX-V) and Gold Bullion Development Corporation (GBB, TSX-V)…the next one, we believe, is Kent Exploration (KEX, TSX-V) which we just issued an alert on this morning after reviewing its chart and looking at the fundamental factors that are expected to drive Kent significantly higher…gold has clearly broken out with a move past resistance yesterday at $1,130 and a reversal in its important 30-day moving average which was in decline for all of January and February…gold is up a further $7.00 to $1,141 as of 8:25 Pacific time this morning…the CDNX keeps going north as well and is ahead 6 points to 1,555…Gold Bullion Development is showing tremendous strength…it dipped slightly at the open this morning and then a wave of buying came in, pushing it to a new 52-week high of 22.5 cents…the stock is currently up 1.5 cents to 20.5 on a whopping 3.8 million shares…looking at the chart, it’s entirely possible that GBB could challenge its three-year high of 25 cents as early as today…Kent is so far unchanged on the day at 17 cents but the reversal in its 20-day moving average is very significant and points to imminent higher prices…we believe this is supported by fundamental factors as the company will soon be commencing drill programs at two properties, Gnaweeda in Australia and Alexander River in New Zealand…we’re also going on a hunch Kent has some good news to report soon…