Gold Bullion Development (GBB, TSX-V) is off 3 more pennies this morning at 57 cents but we’re not concerned in the least and the current weakness should be viewed in the context of being an opportunity, not a bearish development…too often investors make the mistake of getting bullish on a stock only when it’s going up, rather than getting bullish when it pulls back in the midst of a primary, overall uptrend…the primary trend continues to be up with Gold Bullion, and that’s supported by both the technicals and the fundamentals…GBB has essentially come back to its 50-day rising moving average (56.5 cents) and it’s very strongly supported below that by rising 100 and 200-day moving averages that are in no danger of declining…we’re expecting good drill results in the near future based on Gold Bullion’s recent news releases, so nothing has changed with this story…we remain absolutely convinced that GBB is well on its way to defining a multi-million ounce deposit in the LONG Bars Zone – in fact, we’re more convinced of that than ever given the recent news…some patience is required…
