Gold continues to trade favorably and is up $3 an ounce as of 8:00 am Pacific time to $1,144…gold’s sharp sell-off Friday, which extended into early trading Monday, was healthy from a technical standpoint and has likely laid the groundwork for an eventual successful move through resistance at $1,170…the CDNX is up 2 points to 1,654…Gold Bullion Development (GBB, TSX-V) has pulled back from a high of 39 cents yesterday into a strong zone of support where we expect a powerful new upleg will begin that could drive this stock through resistance in the upper 30’s to a new all-time high…we expect an exploration update on Granada by tomorrow given the 7 to 10-day window that Frank Basa gave BMR in our interview with him last week…we are extremely bullish on what the Block Model may deliver given our extensive research on Granada and what we saw and reported on during our 3-day site visit last month…Gold Bullion touched a low of 34 cents this morning and is currently trading unchanged at 35.5 cents and showing technical signs of another imminent push higher