BullMarketRun.ca

From Rouyn-Noranda, Quebec (11:55 am eastern time):

A powerful move in the major markets so far today has the Dow up 200 points and the TSX ahead 150 points as of 11:55 am eastern time…the CDNX is also participating in the move though not quite to the same extent with Gold off $10 an ounce at $1,223…the CDNX is currently at 1,451, up 6 points, as it tries to snap a 7-session losing skid…Gold Bullion Development (GBB, TSX-V) is stronger today after a 2.5 cent drop yesterday…GBB is currently up 1.5 cents to 48.5 cents on nearly 800,000 shares…the CDNX volume leader so far today is Golden Hope Mines (GNH, TSX-V) which we don’t recommend chasing…the stock has made a big move in recent days and at 42 cents is now very overbought technically…it got as high as 46 cents this morning where there is strong resistance…GNH is working on its Bellechasse-Timmins Gold Property in the southern Quebec Appalachians…we continue to keep a close eye on Seafield Resources (SFF, TSX-V) which we like a lot at current levels…the “trigger event” with Seafield will be the announcement of the completion of its proposed $2.5 million financing…we expect a busy summer of drilling and other exploration work at Seafield’s Quinchia District properties in Colombia…Seafield is down a penny this morning to 17 cents  but has a very strong bid at that price…Seafield investors also should keep an eye on Manitou Gold (MTU, TSX-V) which is currently drilling the former Big Master Mine at its Kenwest Property near Kenora, immediately adjacent to Seafield’s highly prospective Elora Gold Property…we believe Manitou has an excellent chance of getting some good results based on historical information and the geology of that area (the Gold Rock mining camp)…Manitou is trading at 45 cents…