BullMarketRun.com

Gold hit another record high today of $1,284…it quickly retreated from there and fell back on profit taking to $1,271…as of 9:30 am Pacific, Gold is back up to $1,277 , a gain of $1 for the day…the outlook for the yellow metal continues to be bullish as BMR’s technical analyst pointed out in this morning’s article…copper hit a 4-and-a-half month high today and is currently at $3.50 per pound…as we have stated previously, the CDNX – being an extremely reliable leading indicator – has been telling us since July that Gold and base metals are going higher…the CDNX is up another 14 points this morning to 1664 as it closes is on its 52-week high of 1,691…some initial resistance at that level can be expected…however, what we’re now anticipating is a move by the CDNX over 2,000 by early next year which means there is still plenty of upside remaining and any dips or minor pullbacks should be embraced…this is a market in an extremely powerful uptrend, one of possible historic proportions…Gold Bullion Development (GBB, TSX-V) is off 3 more pennies this morning at 57 cents but we’re not concerned in the least and the current weakness should be viewed in the context of being an opportunity, not a bearish development…too often investors make the mistake of getting bullish on a stock only when it’s going up, rather than getting bullish when it pulls back in the midst of a primary, overall uptrend…the primary trend continues to be up with Gold Bullion, and that’s supported by both the technicals and the fundamentals…GBB has essentially come back to its 50-day rising moving average (56.5 cents) and it’s very strongly supported below that by rising 100 and 200-day moving averages that are in no danger of declining…we’re expecting good drill results in the near future based on Gold Bullion’s recent news releases, so nothing has changed with this story…we remain absolutely convinced that GBB is well on its way to defining a multi-million ounce deposit in the LONG Bars Zone – in fact, we’re more convinced of that than ever given the recent news…some patience is required…Seafield Resources (SFF, TSX-V) is forming a nice base around 25 cents which is a positive technical development…SFF has strong new support in the 23-24 range and the primary trend is definitely pointing up…with its outstanding land package at Quinchia, nearly 70 square kilometres, Seafield is well positioned to be a potential huge winner over the next few months as drill results start coming in and drilling expands beyond Miraflores to Dos Quebradas and then Chuscal…Miraflores and Dos Quebradas are advanced, high quality exploration projects and Miraflores already has a 43-101 inferred resource of 800,000 ounces…Sidon International (SD, TSX-V) is waiting for CDNX approval on its recently closed 10-cent financing…as soon as that is confirmed, we expect Sidon to heat up as it carries out its exploration plans for Morogoro East…Currie Rose (CUI, TSX-V) is another company we like in Tanzania…we suggest investors take a look at Currie Rose and do their due diligence on this one…the company just recently closed a $1 million financing (CDNX approval received) and pulled back yesterday exactly to its rising 20-day moving average of 9.5 cents…its recently overbought condition has cleansed itself and CUI is currently at 10 cents this morning, up half a penny…