Welcome To the Gold Bullion Development Corp. HUB On AGORACOM

So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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Message: BMR Tuesday Market Review

September 14, 2010

BMR Tuesday Market Review

Gold soared to a new all-time high today, making our technical difficulties at BMR this morning all the more frustrating as we were unable to post our regular Morning Musings…we apologize again for the inconvenience…our back-end system has now been fixed, so we’re doing a Tuesday Review instead with our regular Morning Musings returning tomorrow…Gold made an impressive move today as it finally blasted through resistance and shot up to a new all-time high of $1,276…it finished the day at $1,269, up $24…a sharp drop in the U.S. Dollar was the catalyst for Gold’s performance today…anticipated further bouts of “Quantitative Easing” (QE) by the Fed are helping to drive down the American dollar and inject more fuel into Gold…the CDNX, which has been telegraphing this breakout by Gold for the past couple of months, climbed another 17 points today to 1622…it got as high as 1629…there is resistance on the CDNX around 1625 but it’s really only a matter of time before that’s taken out (maybe Wednesday?!) as this market is in a very powerful uptrend…as we mentioned last weekend, a minor CDNX pullback is possible – it would also be a healthy technical development – but any pullback is likely going to be limited to about 5% as the technical and fundamental underpinnings are so strong right now…it appears we are in the midst of a move that will ultimately take the CDNX back above 2,000…a huge “FOR SALE” sign is hanging over Gold Bullion Development (GBB, TSX-V), just like it was July 5 – the last time the stock declined for 5 consecutive trading sessions…GBB got as high as 65 cents today but closed down a penny at 61 cents on relatively light CDNX volume of 814,000 shares (605,000 traded through ALPHA)…on July 6, the morning after its last 5-day slide, GBB bottomed out at 43.5 cents and then jumped 82% in just over 2 months…despite this 5-day slump, Gold Bullion’s chart remains very bullish with higher highs and higher lows…all of GBB’s moving averages remain in bullish alignment…the rising 20-day moving average of 60 cents is providing very strong support, and the recent overbought condition has essentially cleansed itself…fundamentally, we know – based on last Thursday’s news release – that good news is coming soon from the LONG Bars Zone…this is another classic opportunity, we believe, with Gold Bullion

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