BullMarketRun Portfolio

Gold Bullion Development (GBB, TSX-V) went through some much needed consolidation this week to help unwind its overbought technical condition that emerged after last Friday’s run to 30 cents on nearly 7 million shares…GBB snapped a four-session losing steak today with a 2 cent gain to close the week down just a penny at 26.5 cents…there is little doubt in our mind that things are moving rapidly at the moment with this company…there has been HUGE demand for their recently announced private placement which late today has been amended to $4 million from $3.22 million…word is, the PP is fully spoken for and will close very quickly…this, we believe, will be followed by the release of a preliminary resource block model for the LONG Bars zone at Granada, new assay results, and details on a very large Phase 3 drill program that should commence by the end of April/early May…the market will have a lot to speculate about in the days ahead…a breakout to a new all-time high for Gold Bullion appears almost certain when one examines the chart and grasps the fundamentals – Granada has all the makings of a world class bulk tonnage, open-pit deposit…one that is near-surface and surrounded by excellent infrastructure…rumor has it, Osisko and others are keeping a close eye on developments with Gold Bullion which doesn’t surprise us one bit…