April 26, 2010
Gold is down just very slightly this morning, $2 an ounce to $1,155, as of 8:05 am Pacific time after a big move to the upside Friday…the CDNX, which was also very strong Friday, is up 1 point to 1672…Gold Bullion Development (GBB, TSX-V) hit a new all-time high of 42.5 cents and as of 8:05 am is at 41.5 cents, up 3.5 cents on the day on heavy volume of nearly 2 million shares…it’s interesting to note that Jordan Capital, which accumulated a lot of GBB stock under 10 cents last December and also handled the 7-cent financing at that time, simply isn’t selling at these levels…they’ve been quiet this morning, buying 25,000 and selling 20,000 in the first 1.5 hours of trading…they sold very little in the 8.6 million share day Friday…Jordan is clearly long on this stock and anticipating much higher prices
