Check back later this morning for today’s BMR Morning Market Musings.
1. Gold has topped $1,200 an ounce for the first time since late November, climbing as high as $1,208 overnight…as of 7:00 am Pacific, bullion is up $13 an ounce at $1,204…the Dollar Index has tumbled two-thirds of a point to 100.97…
2. The euro is trading at a 1-month high against the greenback after Germany reported its fastest pace of economic growth in 5 years and inflation readings around the EU continued to accelerate…
3. The Venture is up 4 points at 794 as of 7:00 am Pacific while the broader equity markets have retreated with the Dow down more than 100 points after the first 30 minutes of trading…
4. The TSX Gold Index is up 3 points to 208 as of 7:00 am Pacific, a 21% jump since its December 20 intra-day low of 172…the Gold Index is still nearly 20 points shy of its still-rising 200-day moving average (SMA)…
5. Canadian Zeolite (CNZ, TSX-V) announced this morning that its Bromley Creek natural Zeolite has been registered under the name Z-Lite for use as an animal feed additive in 14 U.S. states (Arizona, Arkansas, Connecticut, Georgia, Hawaii, Idaho, Iowa, Kansas, Massachusetts, New Hampshire, New York State, Oklahoma, Pennsylvania, and Texas)…the U.S. annual animal feed production was last reported at approximately 168 million tons…the studied and recommended ratio of Zeolite is in the 2 – 4% range of total volumes…CNZ says it will now focus on sales and distribution in all 14 states to meet growing demand for Zeolite…CNZ continues to grapple with resistance in the low-to-mid-$1.40’s and is unchanged at $1.38 as of 7:00 am Pacific…
6. The Venture volume leader in early trading is Mooncor Oil & Gas (MOO, TSX-V) which announced this morning that it’s reactivating its two Oil wells located in Lloydminster, Alberta…the reactivation of the wells, containing approximately 40,000 barrels of recoverable Oil, is intended to bring the company back into production and position it to pursue a variety of short and long-term strategic business initiatives…MOO is up a penny to 1.5 cents on total volume (all exchanges) of 5.7 million shares…
7. Skyharbour Resources (SYH, TSX-V) has added another 8 cents to 52 cents as of 7:00 am Pacific after the company announced earlier this week that it has received drill permits for a planned 3,500-m program at its flagship Moore Lake Uranium Project on the east side of the Athabasca Basin…drilling is expected to commence at the end of January and will continue through February into March…SYH secured an option to purchase the 36 sq. km Moore Lake Project from Denison Mines in June of last year…
I think with DBV the next news release will be important in two ways. Obviously the first is drill results but also they have to announce how quickly they are going to resume drilling. If they announce good results with a commencement of drilling asap that will get a good response from market. If they announce mediocre results with no timeline for drilling the stock will tank
Comment by weatheritout — January 12, 2017 @ 9:31 am
DBV major knocking on the door as there is a meeting next week.
Drill results are also coming next week DBV.
GLTA
Comment by TheSkipper — January 12, 2017 @ 9:54 am
DBV needs a major to step in. Lots of drilling still needed on this deposit and need someone with deep pockets to step up. Should be an interesting couple weeks for them.
Comment by weatheritout — January 12, 2017 @ 10:11 am
Copper soaring, good for our stocks.
Comment by charleybarley — January 13, 2017 @ 10:39 am