BullMarketRun.ca

Gold is a little soft this morning but will find very strong support at $1,130…as of 6:50 am Pacific time it’s down $6.00 an ounce to $1,134…the CDNX is flat at 1,552 after just 20 minutes of trading…any weakness in Gold Bullion Development Corporation (GBB, TSX-V) should be viewed as a buying opportunity…the stock is off 1.5 cents to 18 cents in early trading this morning and on light volume of only 67,000 shares…looking at its chart, Gold Bullion may need to digest its recent huge gain and consolidate for a very short period prior to a fresh advance to the upside…this would be healthy from a technical perspective…it’s important to point out that insiders are not selling and it’s also encouraging to see that Jordan Capital, which did GBB’s December financing and also picked up a lot of shares in the open market between 7 and 9 cents, continues to buy…Jordan scooped up another 280,00 GBB shares yesterday and didn’t sell a single share…we are in the early stages of what we believe is a HUGE developing story with Gold Bullion and the next major discovery along the prolific “Cadillac Trend”…Seafield Resources (SFF, TSX-V) has backed off into the upper 20’s as we predicted and has also unwound its recent overbought condition…it’s time, therefore, to step back into Seafield for those who may have sold in the mid-30’s last week…Seafield closed yesterday at 26.5 cents and is down three trading days in a row…Kent Exploration (KEX, TSX-V) is ready for a significant move to the upside as we outlined in an alert yesterday and in an article earlier this morning…