December 9, 2009

http://www.bullmarketrun.com/2009/12/09/bmr-morning-market-musings-8/

The fight for Freewest Resources (FWR, TSX-V) between Noront Resources (NOT, TSX-V) and Cliffs Natural Resources (CLF, NYSE) seems to be at a standoff at the moment…Noront’s news release yesterday afternoon serves as further confirmation in our view that Freewest shareholders are better off tendering to Noront to benefit from the incredible upside potential of the Ring of Fire and perhaps the best bull market we’ll ever see in the Venture Exchange…more on the Freewest fight tomorrow…

Gold has strengthened this morning, and as of 7:30 am Pacific time is hovering around $1,137 an ounce…traders should sell into strength and buy into weakness during this current correction and consolidation period…we see a two-week opportunity to pick up shares in strong junior resource issues that have pulled back in price since gold’s correction began last week…we expect both gold and the Venture Exchange to blast off right after Christmas, and we’ll get more specific about our reasons for that in the days ahead.