BullMarketRun.ca

Gold sank as low as $1,108 early today but has recovered some of those losses and as of 8:10 am Pacific time is off only $8.00 an ounce to $1,116…the CDNX is down 5 points to 1,557…weakness in gold and/or the CDNX have to viewed as buying opportunities as these markets are in clear uptrends…Gold Bullion Development Corporation (GBB, TSX-V)  is consolidating nicely around the 25 cent level…Jordan Capital has bought 1,827,500 GBB shares over the past five trading sessions at an average price of 18 cents and has sold only 95,000, which should offer a clue as to where Gold Bullion is headed…Jordan’s net position since December 1, 2009, now stands at a whopping 5,218,000 shares or 6.4% of the total Gold Bullion outstanding shares…they have bought 5,836,000 shares since December 1 and have sold only 618,000…Jordan liked the story, financed the company in December, and clearly sees even better days ahead…Kent Exploration (KEX, TSX-V) is our “next” Gold Bullion, we believe, with a market cap of only $7.4 million…Kent is currently drilling its Gnaweeda Gold Property in western Australia (a joint venture with Teck, Kent is the operator) and another drill program is pending in New Zealand…Kent’s Alexander River Property, in close proximity to OceanaGold’s (OGC, TSX) Globe Progress Mine, is a former producer with an estimated historical resource of 640,000 ounces…Kent has already confirmed the impressive mineralization at Alexander River with trench assays that were released in January…we expect big things out of Alexander River and possibily Gnaweeda as well…everything about Kent is attractive to us including its management which is first-rate…Graeme O’Neill has a very focussed business approach to Kent and has successfully maintained a tight share structure…Seafield Resources (SFF, TSX-V) is 1.5 cents this morning to 29.5…we were disappointed with yesterday’s performance by Seafield in the wake of its Colombian news, but this has consistently been a hard stock to predict on a very short-term basis…we remain extremely bullish on Seafield and the smartest strategy is likely just tucking this one away for the next few months which should prove to be very interesting…