May 16, 2010
Gold Bullion Development (GBB, TSX-V)
We stated this on Friday and it’s worth repeating – Gold Bullion has been so incredibly resilient over the past couple of weeks that we can’t help but conclude a major new breakout is imminent…hard evidence of that came from massive new buying from Jordan Capital this past week…Jordan was “first on the scene” with Gold Bullion last December under 10 cents and their appetite for this stock continues to grow…Gold Bullion closed the week at 38 cents, a 2-cent jump, and the stock’s support in the mid-30’s was extremely encouraging…as the market gets more and more comfortable with the idea of a multi-million ounce gold deposit at Granada, this stock can be expected to reach much higher levels especially with Gold performing so well…
