BullMarketRun.com

Check back later this morning for today’s BMR Morning Market Musings.

1. Gold has traded between $1,198 and $1,210 so far today and is off $3 an ounce at $1,201 as of 7:00 am Pacific…the U.S. Dollar Index is steady while Crude Oil has surged $1.33 a barrel to $52.70 on expectations that a weekend meeting of the world’s top Oil producers would demonstrate compliance to a global output cut deal…

2. It’s an historical day in America as Donald Trump will be sworn in as the 45th President of the United States within the next 90 minutes…as a successful businessman and investor, Trump will enter the White House with a unique perspective on how government should operate…he’ll be the only President who has not had some form of military or government service in his past…at 70 years and 7 months, he’ll also be the oldest person to first take the oath of office (the next oldest, at 69 years and 11 months, was Ronald Reagan)…

3. Equity markets are embracing Inauguration Day…the Dow is 93 points higher as of 7:00 am Pacific…in Toronto, the TSX has shot up 144 points while the Venture has added 2 points to 795…

4. Natan Resources (NRL, TSX-V) is up a penny at 22 cents after high-grade results were released this morning from a channel sampling program carried out last year at its optioned Montalembert Gold Property in northern Quebec…3 continuous samples at the Galena vein assayed 40.3 g/t Au and 5 g/t Ag over 3 m, while a channel sample taken 18 m to the south of that returned 438.2 g/t Au and 145.2 g/t Ag over 1 m…Natan is studying the channel results along with the recent grab sampling, historical trenching, detail mapping and geophysical surveys in order to design the next phase of exploration including drilling…the company is well-financed, recently having raised $4 million…

5. Colorado Resources (CXO, TSX-V) has already completed extensive soil sampling at its recently acquired Green Springs Gold Property in Nevada, expanding previously known geochemical anomalies at Green Springs…Colorado is preparing for a first round of drilling and the exploration emphasis will be on expanding the known mineralization associated with the Lower Chainman Formation and testing for higher grade feeder structures and other potentially good host rocks along the 3-km long mine trend…outside the main trend are 200 known and largely unexplored jasperiod bodies…a drill hole in 2015 at Green Springs, not yet followed up, returned 41.1 m of 4.6 g/t Au near-surface from an unmined zone…CXO is unchanged at 25 cents through the first 30 minutes of trading…

6.  Garibaldi Resources (GGI, TSX-V) has completed the first 2 holes of a maiden drill program at its Tora Tora Property near Princeton, B.C, north of the producing Copper Mountain mine, and Phase 1 drilling is being expanded there this quarter…meanwhile, more details are expected shortly from GGI’s flagship E&L Project, 11 miles southwest of Eskay Creek, where the district’s first magmatic Ni-Cu-PGE-Au-Co massive sulphide system has been confirmed…GGI is up half a penny at 13.5 cents…

7. Uranium stocks are finishing the week on a positive note after a mid-week pullback…Purepoint Uranium (PTU, TSX-V) is up half a penny at 17.5 cents while NexGen Energy (NXE, TSX) is back within a few pennies of its all-time high after dipping as low as $2.91 yesterday…NXE is up 7 cents at $3.37 as of 7:00 am Pacific…