Visit the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,307 and $1,317 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,316…yesterday’s intra-day high of just above $1,320 was the best level for the yellow metal since the middle of September…Fed minutes gave traders an excuse to lock in some profits after Gold’s strong move the past few weeks…Silver is up slightly at $17.16…Nickel is closing in on last November’s highs and its best levels since the spring of 2015…the metal is up 14 cents at $5.70…Copper has added 3 pennies to $3.24…Palladium pushed above $1,100 an ounce to a new all-time high this morning…the precious metal soared 56% last year due to fears of a shortage fueled by Chinese car sales growth, tightening emissions controls and a swing away from diesel cars in Europe…the fundamental tightness in the Palladium market is not likely to change anytime soon…Crude Oil remains firm, near $62 a barrel, while the U.S. Dollar Index has fallen one-third of a point to 91.86…the greenback has hit a 3-and-a-half month low versus the euro…
2. Oil prices have hit their highest levels since May 2015 as ongoing protests in major producer Iran have added a geopolitical risk premium to the market…the anti-government uprising in that country over the past week has been partly driven by economic grievances after the lifting of international sanctions 2 years ago did not generate the windfall the populace expected (the Iranian regime has directed the benefits of that Obama-led nuclear agreement toward funding terrorism and expanding its influence in the Middle East)…the potential reinstatement of U.S. sanctions targeting the Iranian Oil industry remains an issue with the U.S. due to review temporary waivers on sanctions against Iran later this month…
3. The Dow cracked the 25,000 level for the first time this morning following the release of stronger-than-expected jobs data…the U.S. private sector added 250,000 jobs in December, according to a report from ADP and Moody’s Analytics, as the Trump economy continues to perform…economists polled by Reuters expected a gain of 190,000…the total brought 2017’s private payroll growth as gauged by ADP and Moody’s to 2.54 million, an average of 212,000 a month…job growth was broad-based, as professional and business services led the way with 72,000 new positions…the education and health services sector was next at 50,000 and trade, transportation and utilities contributed 45,000…Wall Street-related payrolls grew by 19,000, a strong sign of an accelerating bull market…the Labor Department’s monthly jobs report is set for release tomorrow…
4. The Dow is up 147 points as of 7:00 am Pacific, completing the fastest 1,000-point move in its history…it took just 23 trading sessions for the Dow to climb from 24,000 (the previous record was 24 trading days, accomplished a year ago when the Dow hit 21,000 and back in 1999 when it surged to 11,000)…meanwhile, the NASDAQ has enjoyed its best 2-day start to the year since 2006…in Toronto, the TSX is off 9 points in early trading while the Venture has retreated 10 points to 880 after closing above short-term Fib. resistance at 885 yesterday…red-hot marijuana stocks have pulled back on profit taking, largely contributing to this morning’s weakness…A.I.S. Resources (AIS, TSX-V), pursuing an aggressive Lithium strategy in Argentina with some of the brightest Lithium brine specialists in the world, has hit a new all-time high of $1.46 in early trading…Mason Graphite (LLG, TSX-V) has closed a $45 million bought deal financing…net proceeds will be used for development and construction expenses related to the company’s Lac Gueret Graphite mine and Baie-Comeau, Quebec concentrator plant project, the majority of which the company expects to incur over the next 12 months…development and construction expenses represent a portion of the project’s estimated $200 million capital expenditure budget…Transeastern Power Trust, which announced a financing up to $40 million December 12 at 48 cents followed by a name change 9 days later to Blockchain Power Trust, began trading under its new name and symbol (BPWR, TSX-V) on the Venture this morning…it’s up 3 pennies at 65 cents on light volume through the first 30 minutes of trading…
5. Datametrex AI (DM, TSX-V) and its San Francisco-based joint venture partner Bitnine Global announced this morning that they plan to spin out their joint venture entity Graph Blockchain Ltd., together with all of its assets and liabilities, as a separate operating entity to create a stand-alone publicly traded company…the proposed spin-out would give DM shareholders 1 share in the capital of Graph for every 20 shares of DM. “We see a tremendous opportunity to realize greater shareholders value by spinning out Graph Blockchain as a stand-alone company that will ultimately provide shareholders the opportunity to realize the benefit of additional liquidity of their investment,” stated Andrew Ryu, Datametrex Chairman and CEO. “We firmly believe that the sum of the parts is worth more than the whole when comparing Datametrex market cap to our peers and we will analyze each vertical to determine if a spinout is the best option for Datametrex shareholders.”
6. Aurora Cannabis (ACB, TSX), off more than $1 per share in early trading on the pullback in the marijuana sector, announced this morning that it’s partnering with Danish tomato and pepper producer Alfred Pedersen & Son to produce and sell cannabis in Europe…under the deal, Aurora will own a 51% interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark…APS received its license to grow cannabis from Denmark’s Medicines Agency effective January 1…tomato and pepper – often grown in greenhouses – are the most common choices to convert to weed as they have similar growth requirements…the joint venture, which is majority owned by Aurora, will focus on selling cannabis in Denmark, Sweden, Norway, Finland and Iceland, through the company’s German unit…Aurora Nordic plans to build a 93,000 sq. m automated cannabis production facility which will be able to produce up to 120,000 kg of cannabis per year, Aurora said…
7. The S&P 500 could surge another 18% this year, according to UBS, which this morning raised its 2018 target to 3,150, the highest on Wall Street, only 3 trading days into the year…UBS says tax cuts for corporations will fuel earnings growth and are the reason for the more upbeat forecast…they’ve raised raised S&P earnings per share forecast for the year to $157, which would be an 18% year-over-year gain…with powerful earnings growth in the U.S., it’ll be hard to slow down or stop the bull market in equities…
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Comment by Patrick Lamane — January 4, 2018 @ 9:24 am
Jon…. What do you make of Echelon doing a 1,000.000 cross at .335. Usually a good sign I think.
Comment by Dgambler — January 4, 2018 @ 11:42 am
I’m not a typist. Make that 1,000,000 @ .335 cross by Echelon on FTEC.
Comment by Dgambler — January 4, 2018 @ 11:45 am
What’s your interpretation of the the DM news release. They are going to give us shares of a new company that they are spinning off, and the share price goes down. Can you explain the 1 for 20 share thing for me , just som I am clear. Will we get an additional new share of the new company? Or do we give up a share of DM to get that new share?
Comment by Tfred — January 4, 2018 @ 12:05 pm
Keep you eyes on fnc.v I sound like abroken record but the fed gov. ponied up $4 million for demo plant and partners involved provided the rest of the $ for the $10 million dollar plant which will be completed in April 2018. While we wait for the demo plant, fnc also has 10.2 million shares of Cia.to which will be opening Bloom Lake mine and first high grade ore shipments are scheduled for March of 2018. Lots going on for fnc this year (finally!!)
Comment by Tony T — January 4, 2018 @ 12:32 pm
Tfred – You will be given 1 share of the new company (Graph Blockchain) for every 20 shares you hold of DM. You do not have to give up any DM shares to get the new ones. You do have to be holding DM shares on the record date of the spinout which has yet to be announced. I don’t think today’s share price action is a result of the news as volume and price range were totally normal for DM. Hope this helps.
Comment by DBReese — January 4, 2018 @ 1:18 pm
Lico 12,000,000 million shares traded in two days…+45% share price in two days? Any suggestions on whats up here BMR? I know you told me you thought they were boundary shut in with Glencore holding the Bag but something is up! Great drill results coming out… Glencore does have a buy back clause, maybe thats it?
Comment by PatrickLamane — January 4, 2018 @ 2:19 pm
CSR news tomorrow? Name change? More drilling results? Somethings up for sure! Loving the new year so far…
Comment by Gregh — January 4, 2018 @ 5:26 pm
CEM seems like a bargain at these levels and I have been buying in the .16 cent range which is where it was trading last summer. IMO a double if patient for 4-6 months. Probably should have waited for the 200 DMA to flatten out but great property with good fundamentals behind it. Anyone else been buying here?
Comment by DBReese — January 4, 2018 @ 6:04 pm
Judging by what Jon has been saying, a double in 4-6 months would be a huge disappointment. I know it’s not apples to apples but sure market sure loves a good cobalt story and E-cobalt Solutions/ First Cobalt hasn’t disappointed…just a guess though…leave it too the experts to judge.
Comment by Shaun — January 4, 2018 @ 7:17 pm
Sorry DB, thought you said CSR.
Comment by Shaun — January 4, 2018 @ 7:37 pm
A.I.S. Resources Limited
Symbol C : AIS
Close 2018-01-04 C$ 1.42
Recent Sedar Documents ORIGINAL: A.I.S. Resources Drilling and Seismic Exploration Application and Plan Approved at Chiron Project Prepares Seismic Survey
2018-01-05 08:16 ET – News Release
(via TheNewswire)
Vancouver, British Columbia / TheNewswire / January 5, 2018 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has been granted an exploration licence for seismic and drilling at its Chiron project. This allows the company to quickly progress to a TEM seismic program and then drilling immediately following.
AIS has entered into a contract with Quantec Geoscience Argentina S.A. to conduct a 19 point TEM (VES) seismic survey in early January 2018. The survey will utilize one Geonics EM37 transmitter, a Geonics Protem 37 receiver and a 3D coil.
The main objective of the requested TEM surveys is to define the subsurface horizon’s that are highly conductive that will likely define the presence of aquifers on the properties down to a depth of approximately 400 metres for drill targets.
Click Image To View Full Size
The work will be completed by February 2018. Preliminary tenders have been received from a number of drilling companies for an eight hole program of 3,200 metres.
Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company as he is an officer and shareholder.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
Marc Enright-Morin
President and CEO
0-
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s most recent activities have been the exploration of lithium properties in Northern Argentina.
C ontact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: http://www.aisresources.com
Comment by John - BMR — January 5, 2018 @ 5:26 am
Wth is happening on csr over 2 million shares sold at opening by anon …..?
Comment by Gregory — January 5, 2018 @ 6:32 am
That has cross written all over it, Gregory…very bullish…
Comment by Jon - BMR — January 5, 2018 @ 6:38 am
Okay just freaky too watch!!
Comment by Gregory — January 5, 2018 @ 6:45 am
Jon,
Can we anticipate an update on WHM? Any thoughts on current share price and/or targets that you can communicate?
Comment by large — January 5, 2018 @ 6:45 am
Typically, Gregory, that’s a sign of some things to come, some key people being positioned in CSR I suspect…all-time record volume in a single day for CSR today…
Comment by Jon - BMR — January 5, 2018 @ 6:47 am
AT this point can we anticipate on news a break out above .44 resistance on CSR when an update from the company does drop with their name change?…. most likely next week id say
Comment by TradingAgent — January 5, 2018 @ 7:47 am
When you see this type of trading, TradingAgent, like we have this morning in CSR, this probably won’t wait for news on the name change to push even higher…going north in a hurry I suspect…the Cobalt sector was super strong during Q1 last year and it’s shaping up that way again, so that also helps CSR…
Comment by Jon - BMR — January 5, 2018 @ 7:55 am
CSR holding well…very nice to see…boy things change in a heartbeat in this sector….started moving early-afternoon yesterday…
Comment by flyinthruu — January 5, 2018 @ 7:59 am
Well Jon, close to that MINIMUM 50% increase from 30 cents and we haven’t gotten news yet. Nice.
Comment by flyinthruu — January 5, 2018 @ 8:24 am
Great to see AIS updating us, on track with no issues! Next stop 2 bucks
TIme to move up the bid BIG BOYS!
Comment by Gregory — January 5, 2018 @ 8:27 am
Took my monthly pay thanks to CSR today. Still have two thirds left. Thanks BMR that was a good call as usual.
Comment by Patrick — January 5, 2018 @ 8:38 am
Jon
Question re: CSR who would sell that much stock and why if good things are about to happen? Maybe a dumb question? Thanks
Comment by Gregh — January 6, 2018 @ 10:40 am
Not a dumb question, Gregh, but I’ve seen this type of thing (strategic crosses) many times over the years and it’s unquestionably a bullish indicator…lots can flow out of it…the seller (or sellers) typically already have large positions and would only do this if it were in their self-interest…this kind of a buy-in at a price very close to a multi-year high can only be construed as very positive…a key recent turning point came when CSR announced a pending name change to more accurately reflect its focus on Cobalt…that’s going to make a difference in the market, common sense tells us that, especially with Cobalt expected to run significantly higher…we’ve maintained all along that CSR is uniquely positioned in the northern Ontario Cobalt Camp with a head start on everyone given their experience in the district, underground access at Castle, First Nations agreements, Re-2OX process, and of course the potential for a mill at the Castle mine (Oct. 31 news)…
Comment by Jon - BMR — January 6, 2018 @ 11:04 am
Thanks Jon
Comment by Gregh — January 6, 2018 @ 11:29 am
Greg it has nothing to do with the company. It is simply my trading strategy. Pay yourself every month is a great motto and it keeps me sane. If I hadn’t sold some GGI at $5 I would be extremely disappointed. It has all to do with John’s resistance areas. GGI was a classic treble top at $5. It has nothing to do with fundamentals it is just my trading strategy. CSR’ resistance was always given around 40 Cent. That is the type of information I pay for. I do expect CSR to become a serious player but profits must be made especially at resistance areas.
Comment by Patrick — January 6, 2018 @ 1:31 pm