Gold is off sharply this morning in the wake of the latest U.S. consumer price index report and has traded in a range of $1,185 to $1,210…Gold needs to hold important support at $1,185 or a further drop to the $1,160 area is possible…regardless, the “big picture” in Gold is still very bullish and within a month or so we’ll be entering a seasonally strong period…as of 8:50 am Pacific time, Gold is down $20 an ounce to $1,189…the CDNX is holding up quite well in the face of weaker commodity prices across the board as well as triple digit losses in New York and Toronto…the CDNX is off 6 points to 1381 while the Dow is off nearly 200 and the TSX is 150 points lower…Gold Bullion Development (GBB, TSX-V) is lower again this morning but is finding support right around its rising 50-day moving average…GBB’s 20-day moving average is in decline for the first time since March which is putting some pressure on the stock, but other bullish factors (technical and fundamental) should offset that…GBB is off its low of the day (47.5 cents) and as of 8:50 am Pacific time is trading at 48.5 cents, down 2.5 cents…Seafield Resources (SFF, TSX-V) is hovering between 17 and 18 cents this morning…the outlook for Seafield is very positive as we outlined in our article last night after our interview with company President/CEO Tony Roodenburg which we posted yesterday…as Seafield adds ounces to its balance sheet the share price will strengthen considerably…the company’s improving fundamentals are going to be its main driver of value….North Arrow Minerals (NAR, TSX-V) came out with news this morning regarding its Las de Gras diamond property…preparations are well underway to commence a 1,500 metre drill program starting in about 6 weeks…the company is well funded and has lined up a dozen or outstanding targets for drilling…Sidon International (SD, TSX-V) is up half a penny to 9 cents…we expect Sidon to consolidate for a short period which is also healthy from a technical point of view as the stock got considerably overbought on its run up to 11.5 cents early this week…