NEWJERSEY (Commodity Online) : National Inflation Association maintains a bullish outlook for GGI or Garibaldi Resources Corp (TSX Venture: GGI), which is up 7% Tuesday to $0.44.

NIA is of the view that there is a chance GGI may start to make a major breakout like CZN or Canadian Zinc did.

NIA’s third to latest stock suggestion Canadian Zinc (TSX: CZN) gained as much as 36% Tuesday, reaching a new 52-week high of $1.56 for a gain of 322% since NIA suggested it to investors on July 28th at $0.37!

Also, CZN’s trading volume Tuesday was a record 3.5 million shares!

NIA sent out an alert two weeks ago when CZN hit $0.93, alerting investors to its breakout and how CZN was up 151% from NIA’s suggestion price.

“It is unbelievable to us that CZN has gained another 68% during the past two weeks for a total gain of 322% in less than seven months!” said an NIA report.

GGI owns 4,312,300 shares of Paramount Gold and Silver (PZG), a stock that is currently $3.95.

GGI’s shares in PZG are worth $17 million, compared to GGI’s market cap of $22.2 million. This means GGI’s seven district scale projects covering more than 2,500 square kilometres of strategically located concessions close to some of the most robust gold and silver mining projects ever discovered in Mexico, are being valued at only $5.2 million.

One of GGI’s projects is their Morelos concessions in Chihuahua State, Mexico, which cover approximately 40,000 hectares and are located 25 kilometres southeast of (previous NIA stock suggestion) Goldcorp (GG)’s El Sauzal mine. GG’s El Sauzal mine produced approximately 204,000 ounces of gold in 2009 worth about $285 million at current gold prices.

Using ASTER-SWIR satellite imaging, GGI has been able to outline a cluster of silica anomalies on their Morelos concessions that is remarkably similar to the one underlying El Sauzal