The Week In Review And A Look Ahead: Part 2 Of 3

The BMR Portfolio (Part 1 of 2)

Gold Bullion Development (GBB, TSX-V)

Gold Bullion is gaining impressive momentum and patience is going to pay off here as it has for Seafield Resources‘ (SFF, TSX-V) investors…Gold Bullion has battled through resistance at 69 cents and recorded its fourth consecutive weekly advance by closing Friday at 71 cents, a nickel increase over the previous week…the market is finally getting comfortable with a $100 million market cap for this company and that’s a significant development…GBB’s chart is a picture of beauty, a slow but steady climb from the September low of 53 cents…John will be providing an updated chart analysis later today…all moving averages are in bullish alignment and the RSI shows GBB has plenty of room to move higher in the near term without becoming overbought…the Chaikin Money Flow (CMF) indicator shows steadily increasing buying pressure in GBB since early November…this is a stock that definitely wants to go higher…new drill results from the LONG Bars Zone are expected soon…at the moment we’re particularly interested in the new discovery areas in the north and the south for additional confirmation that the LONG Bars Zone is widening…it’s our theory that the mineralization GENIVAR is discovering in the northern portion of the Eastern Extension actually begins to the west above the Preliminary Block Model…at this point there’s no question there’s strong new potential for the LONG Bars Zone going north, and Hole #86 (1 gram over 84.6 metres near-surface) shows there is also new potential going south…looking at the drill map on the GBB web site, it’s obvious that GENIVAR has drilled a series of holes northwest of #86 toward Pit #2 East in the Preliminary Block Model to confirm if there is a possible extension of the #2 Vein…to the east, of course, it’s all “blue sky” as Gold Bullion has several kilometres of highly prospective strike length still to explore (LONG Bars Zone 2 is nearly 2 kilometres east of Phase 1 discovery hole #17)…it appears the east will be the delicious “dessert”…right now we’re still in the early stages of the main course which is taking longer than expected to get through (a good thing) because of important developments in the north and the south…without a doubt, the size of this thing is going to be massive and sometime next year, hopefully sooner than later, Gold Bullion is going to have to call in the cavalry and put half a dozen drill rigs to work in the LONG Bars Zone…GBB is up a whopping 914% since we introduced it to BMR readers a year ago at 7 cents…