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

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April 15, 2010

BMR Morning Musings…

Gold is up slightly this morning to $1,158 an ounce as of 7:45 am Pacific time…gold will give new bullish signs once it closes firmly above $1,160 with the next technical barrier between $1,170 and $1,175…the CDNX is up 1 point to 1676…by approximately 9 am Pacific time we expect to post an article on the CDNX with a chart analysis that also compares the CDNX with the price of gold…we continue to be very bullish on the Venture…it reacted near 1700 Monday but we expect it will bust through that minor resistance in the near future…Kent Exploration (KEX, TSX-V) has completed an IP survey over promising parts of its Alexander River Gold Project in New Zealand, so drilling can’t be far behind…Alexander River has an historical (non-compliant) resource of 640,000 ounces of gold and will become Kent’s flagship property after the spinoff of its Gnaweeda Gold Project into Archean Star ResourcesKent is down 1.5 cents to 19 cents…Gold Bullion Development (GBB, TSX-V) is quiet this morning, unchanged at 31 cents, with news not expected on its Granada property until sometime next week…BullMarketRun readers have been accumulating Sidon International Resources (SD, TSX-V) over the past couple of weeks between 5 and 7 cents, and we’ll be reporting more on this very interesting story in the days ahead…Sidon is unchanged at 5.5 cents…we expect North Arrow Minerals (NAR, TSX-V) to announce the closing of its private placement shortly followed by the start of drilling at its Beaverdam Lithium Property in North Carolina…North Arrow also has diamond, base metal and gold properties…we expect this company to be a strong performer in the months ahead…Seafield Resources (SFF, TSX-V) has rebounded after falling just slightly below its 100-day moving average yesterday for only the third time since last summer…Seafield is up half a penny to 25.5 cents…we have an interview coming up soon with company President/CEO Tony Roodenburg…we mentioned Everton Resources (EVR, TSX-V) yesterday…it’s not currently part of the BMR portfolio but we believe it represents excellent value at current levels (the stock is trading at 27.5 cents this morning) with a nice looking chart…its potential for a substantially higher valuation will come from its holdings in the Dominican Republic which the company will be focusing on…as always, do your due diligence…

1 Comment

  1. GBB share price forecast: ($)
    April 16 will close at 0.32 High 0.345 Low 0.30
    April 19 will close at 0.31 High 0.34 Low 0.29
    April 20 will close at 0.335 High 0.345 Low 0.31
    April 21 will close at 0.325 High 0.34 Low 0.315
    April 22 will close at 0.34 High 0.36 Low 0.33
    April 23 will close at 0.33 High 0.355 Low 0.33
    April 26 will close at 0.39 High 0.41 Low 0.35

    Comment by Theodore — April 15, 2010 @ 6:40 pm

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