From Montreal, 5:30 am eastern

Gold enjoyed a strong day yesterday and is up again this morning…as of 5:30 am eastern, the yellow metal is ahead another $2 an ounce to $1,250…the TSXGold Index hit a record high yesterday, 403.47, while the CDNX closed at 1500 on heavy volume after getting as high as 1508…as we’ve mentioned, the CDNXhas some heavy resistance to overcome between 1500 (the June high) and 1515 (the May 31 high, just above the rising 200-day SMA)…it’s impossible of course to say exactly when the CDNX will blast through this resistance but we’re certain that it will, and quite possibly even by the end of this week…as luck would have it, we were traveling around rural Quebec near Trois Rivieres and visiting a mining property (a very intriguing one) when the Gold Bullion Development (GBB, TSX-V) news broke yesterday, so our apologies for not being able to comment earlier on BMR about the news…Gold Bullion powered higher and finished the day up a nickel to 58 cents on total CDNX volume of 1.3 million shares (today, we are returning to the west coast, hence our early Morning Market Musings)…geologically, yesterday’s Gold Bullion news was highly significant as the mineralization picture gets bigger at Granada which has implications for volume (tonnage) and potential ounces…we know now that GBB is intersecting significant concentrations of Gold, associated with pyrite and arsenopyrite, in feldspar porphyry intrusions in the LONG Bars Zone eastern extension…mineralization is being carried not just in quartz veins but in this important intrusive rock (feldspar porphyry), especially over the northern half of the area to the east of the Preliminary Block Model…Gold Bullion also stated it will be releasing additional assay results from Phase 2 drilling sometime next week…that timing is interesting because it’s after Labour Day when vacations have ended and there is more focus on the market…Gold Bullion must be confident it will have good news to report…yesterday’s news also revealed that they have dotted the “i’s” and crossed the “t’s” with Mousseau Tremblay on the Granada land package which has grown significantly for GBB this year – again, another very positive sign…as we stressed after our LONG Bars Zone visit last week, Gold Bullion continues to advance Granada in a very strategic, efficient, systematic, forward-thinking and effective way…this is such an incredibly exciting project with multi-million ounce potential…with rising Gold prices and the expectation of a surging CDNX, September could be a major breakout month for Gold Bullion if Phase 2 results are good (based on the clues Gold Bullion has given investors over the last 6 weeks, we have every reason to believe results will be very positive)…Seafield Resources (SFF, TSX-V) has the potential for a powerful September as well with exploration news expected from its Quinchia Project in Colombia…Seafield has firmed up on improving volume over the last 5 trading sessions and closed yesterday at 18 cents…we’re watching Richfield Ventures (RVC, TSX-V) closely as it’s expected to release additional results this week from drilling at its Blackwater Property in central British Columbia…Richfield finished yesterday at $1.86 and has put together two consecutive strong months (August and July)…Sidon International (SD, TSX-V) is forming a nice base just above major technical support at 10 cents where the company is completing a financing of $1.2 million…Sidon closed yesterday at 11 cents, its 50-day SMA, and we continue to be very bullish on SD (we’ll be commenting more on SD tomorrow given some of our readers’ recent emails to us)…we visited Excel’s (EGM, TSX-V) Montauban Mining Camp Project yesterday and it was a fascinating visit…we’ll be reporting more on Excel in the coming days…it closed yesterday at 15 cents and has strong technical support from a rising 50-day SMA at 14 cents