BullMarketRun.ca

After Friday’s sell-off Gold fell further overnight to as low as $1,123 before rallying…as of 8:50 am Pacific time it’s down just $3 an ounce to $1,134…Gold’s technicals are still in very good shape…the CDNX is finding strong support at 1650 with the third test of that area in a week…the Venture is currently off 13 points to 1654…Gold Bullion Development (GBB, TSX-V) is enjoying another strong day with a 3 cent gain to 36 cents on nearly 2 million shares…we expect an important exploration update on Granada from GBB sometime this week…now is a good time we believe to be accumulating Seafield Resources (SFF, TSX-V)…we don’t expect Seafield to make another huge move for a little while yet but we’re confident that’s going to happen after our conversation regarding the company’s prospects with President/CEO Tony Roodenburg Friday night…Seafield is trading right at its 100-day moving average of 24 cents where it has a lot of technical support…the company will be ramping up exploration at its Colombian properties with drilling expected to commence next month at Dos Quebradas…Kent Exploration (KEX, TSX-V) is up half a penny to 19 cents this morning…selling seems to have really dried up on Kent below 19 cents…we expect North Arrow Minerals (NAR, TSX-V) to start drilling its Beaverdam Lithium Property in North Carolina any day now…the Venture Exchange on Friday approved NAR’s recently announced private placement at 18 cents…Richfield Ventures (RVC, TSX-V) is off 9 cents to $1.80 and a technically astute entry point on Richfield this week would probably be right around its rising 50-day moving average just below $1.70…we are very bullish on Richfield’s Blackwater Gold Project in central British Columbia which has excellent potential to develop into a world class bulk tonnage, open-pit deposit…