Gold is up $5 an ounce to $1,112 as of 8 am Pacific time as it tries to build on Friday’s encouraging gains…based on last week’s performance and the follow through we’ve seen this morning, we’ve gone from cautious to bullish with regard to our near-term outlook on the CDNX (for reasons explained in our Week In Review article) which is up a further 11 points this morning to 1,571…at the very least, we expect the CDNX to challenge its 52-week high of 1,629 over the next couple of weeks…Gold Bullion Development (GBB, TSX-V) is the type of stock that will significantly out-perform the market during this period…an excellent article by the Coffin Brothers the other day (made available on Kitco) sums it up best…”gold explorers putting out good results and generating volume continue to be well regarded by the market…they will continue to be a favored space”…Gold Bullion could enjoy a meteoric rise in April with more news and a resumption of drilling at Granada, so accumulation under .30 at the moment makes a lot of sense…if Gold Bullion has what we believe it has, a 10-bagger on this stock from current levels within six months is very achievable…investors need to be thinking big on this one…GBB is unchanged this morning at 26.5 cents…we are also extremely bullish on Richfield Ventures (RVC, TSX-V) and Colombian Mines (CMJ, TSX-V) for the month of April…CMJ continues to drill at Yarmualito in Colombia while Richfield is getting set to commence a 20,000 metre program at its Blackwater Project in central British Columbia…Blackwater, like Granada, has multi-million ounce potential as a bulk tonnage, open-pit deposit…we’ll be announcing the addition of a new stock to our portfolio as we begin the month of April.

Glorieux