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Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

March 10, 2010

BMR Morning Market Musings…

Gold ran up as high as $1,129 this morning but has since backed off and now sits at $1,123, up $1.00, as of 7:45 am Pacific time…the CDNX is ahead 1 point to 1,560…Colombian Mines Corporation (CMJ, TSX-V) which we began covering at 60 cents last December, is up 18 cents to $1.38 after hitting a 52-week high of $1.42…CMJ announced Monday it has mobilized a second drill to its Yarmualito project, and that’s always encouraging news…CMJ is in the process of completing a financing for nearly $4 million…Gold Bullion Development (GBB, TSX-V) has pulled back slightly again this morning, though from a technical perspective that’s not such a bad thing as it will pave the way for another leg up which we are undoubtedly going to see (and perhaps very soon)…with a significant discovery so far at Granada which has the potential of turning into a major discovery, any weakness on profit-taking in this stock has to be considered a buying opportunity…Kent Exploration (KEX, TSX-V) is unchanged at .185 while Seafield Resources (SFF, TSX-V) is up a penny to 29.5 cents…another great stock to accumulate this month is Richfield Ventures (RVC, TSX-V) which of course is part of the BullMarketRun portfolio…technically, Richfield has gotten overbought with its run-up to $1.80 Monday…for those who are looking to add Richfield to their holdings, we would suggest an entry point of between $1.60 and $1.65, just above the 10-day moving average…Richfield is up a penny to $1.76 this morning…

2 Comments

  1. Share price forecast: (Closing)
    March 11, 2010 0.245
    March 12, 2010 0.250
    March 15, 2010 0.275
    March 16, 2010 0.265
    March 17, 2010 0.280

    Comment by Theodore — March 10, 2010 @ 4:57 pm

  2. March 18 – closing $0.275

    Comment by Theodore — March 18, 2010 @ 7:18 pm

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