BullMarketRun.ca

Gold is off sharply this morning but should find support around current levels…Gold is down $10 an ounce to $1,135 as of 8:45 am Pacific time…the CDNX has declined to its 20-day rising moving average where it has found strong support on numerous other occasions including last month…the Venture has dropped 9 points to 1639…Gold Bullion Development (GBB, TSX-V) is trading strongly this morning in anticipation of news, possibly later today…GBB is up 1.5 cents to 36.5 cents on over 1 million shares…at BMR, we have every confidence the Granada Gold Property is going to deliver the goods for Gold Bullion and its shareholders…after a powerful move yesterday, Richfield Ventures (RVC, TSX-V) has pulled back a little to $2.05, a 15-cent drop…Richfield is extremely attractive on any weakness…Seafield Resources (SFF, TSX-V) closed below its 100-day moving average (24 cents) yesterday for the first time since its big move began last summer…this implies possible further weakness but that would only present some excellent buying opportunities as the stock is strongly supported by fundamental factors as well as a rising 200-day moving average just above 18 cents…Seafield is off a penny this morning to 22.5 cents…