The BMR Portfolio

Gold Bullion Development (GBB, TSX-V) enjoyed another banner week, jumping 23% to close at 70 cents…incredibly, this stock has increased 10-fold from when we introduced it to our BMR readers just 6 months ago…a 100,000 share investment at 7 cents for $7,000 last December in GBB would now be worth a whopping $70,000…our outlook for Gold Bullion and its Granada Gold Property remains very bullish…initial drill results from the 20,000 metre Phase 2 program are due out soon though it remains a guessing game in terms of exactly when…technically, GBB has shot up into overbought territory based on Stochastics and the RSI (into areas where it has modestly retreated from before), so a near-term “cleansing” of this condition is possible before the stock makes an attempt at higher levels…that’s not what some investors may wish to hear but at BMR we tell it like it is…it’s important to note, though, that any near-term pullback in GBB – if it happens – is not likely to be severe and will be met with plenty of support…the stock has stayed at or above its 10-day SMA (currently at 61 cents) the entire month of June…