BullMarketRun.ca

Gold is enjoying another strong day and as of 7:55 am Pacific time is up $12 an ounce to $1,126…silver has jumped almost 3 per cent to nearly $18 while oil is also strong this morning…we saw signs of this current move in precious metals and commodities last week in the way in which the CDNX was behaving, which is why we switched from cautious to bullish on the Venture Monday morning…the CDNX is approaching 1600 again…it’s ahead 14 points at the moment to 1590…this bullish move is another reason why we added Sidon International Resources (SD, TSX-V) to our portfolio yesterday…Sidon has been a fledging stock for a while but so too were Gold Bullion (GBB, TSX-V) and Seafield Resources (SFF, TSX-V) before we discovered them…Sidon hss traded huge volume this morning as stock moves from weak hands into strong hands and a new chapter begins in this company’s history…Sidon has signed a letter of intent for an option to purchase an initial 80% interest in the Morogoro East Gold Property in the mining friendly jurisdiction of Tanzania…this property is in a highly prospective and unexplored area of Tanzania approximately 100 kilometres south of Canaco’s Handeni Gold Project which has returned significant results…Morogoro has a high grade zone that Sidon would test with a drill program…local prospectors have bagged some astronomical grades at Morogoro…the potential for major tonnage (high grade and lower grade) clearly exists…we spoke with Laurence Stephenson yesterday who has been a geologist for over 30 years and knows Tanzania like the back of his hand…he found this property for Sidon and told us the grades at Morogoro are higher than what he first saw at Handeni…Tanzania’s gold mining industry has exploded over the last decade with total reserves jumping to 50 million ounces from just one million ounces…Sidon’s package is in an area with huge upside and blue sky potential…Sidon is up half a penny to 6 cents this morning on over 8 million shares…Gold Bullion is quiet this morning, down a penny to 27 cents as investors wait for the closing of its $4 million private placement…the rest of our portfolio is also quiet this morning…we’re continuing due diligence on another company at the moment which we’ll be featuring within the next two weeks…for BMR email alerts, simply email us ([email protected]) with the subject heading “eAlert” along with your first name and we will add you to that growing list…