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December 11, 2016

Compelling Zinc-Copper Play With High-Grade Gold Bonus

Capturing The Investment Opportunities In Zinc & Copper

At BMR, we’ve recently brought forward some outstanding opportunities for our subscribers in the Zinc space, not the least of which was a stock flying completely under the radar – Morumbi Resources (MOC, TSX-V) – that has already tripled in price from our initial introduction in late September at 10 cents.

Early-mid December is the best time of the year to be on the buy side in the junior exploration sector.  Continuing with the Zinc and VMS theme, we’ve identified another gem that’s clearly undervalued given its current Zinc-Copper resource, strategic partner, the strong potential for a cluster of deposits, cash in the bank (~$5 million), share structure, and high-grade Gold properties.

We expect this company to take steps to increase its profile in the near future as a new milestone is reached in its flagship project, so now is the ideal time to get positioned in this play.

Click here to learn more about this Zinc-Copper play, and access all BMR subscriber-only content, by taking out a Pro, Gold or Basic subscription, or login with your username and password.

January 14, 2018

Sunday Sizzler Report

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December 5, 2017

7 @ 7:00

Check the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,266 and $1,277 so far today, touching a 5-week low…as of 7:00 am Pacific, the yellow metal is off $8 an ounce at $1,268…total known Gold ETF holdings continue to rise, up nearly 20% this year which significantly exceeds the increase in the Gold price…however, bullion is still on track for its best year since 2010 when it climbed 30%…Silver is down 15 cents at $16.14…Copper has slid 11 cents to $2.97, its lowest level in 2 months, while Nickel has fallen 21 cents to $4.94…Crude Oil is relatively flat at $57.42 while the U.S. Dollar Index has climbed one-quarter of a point to 93.33….

2. OPEC has shown strong compliance with the supply cut pledge with November output dropping by 300,000 bpd to its lowest since May, according to a Reuters‘ survey…however, rising U.S. Oil production presents a headwind for OPEC’s efforts and data last week showed U.S. Crude output increased to nearly 9.5 million bpd in September, approaching the high of 9.63 million bpd seen in 2015…drilling rig activity is also up recently…on a positive note, the latest U.S. inventory reports are likely to show a 3rd straight weekly drop in Crude stocks…analysts expect the reports from industry group American Petroleum Institute (API) and the government’s Energy Information Administration (EIA) to show Crude stocks fell by 3.5 million barrels…Oil prices are now lower than where they were prior to the confirmation of the OPEC deal, not surprising given the level of expectation that had built up ahead of last week’s meetings…speculative investors were also holding almost record-high net-long positions…however, the outlook for next year looks solid and Goldman Sachs this morning raised its Oil price forecasts for 2018 by about 5%…

3. Strong earnings growth is a key factor in propelling global equity prices higher…listed companies are at their most profitable on record after a bumper year of earnings growth…the earnings-per-share of a FactSet index of over 20,000 listed companies from around the world has now reached an average of $9.69, increasing nearly 19% in the last year…that is the fastest year-over-year rise since 2011, surpassing the late 2014 high of $9.55…while the FactSet data only stretches back to 2001, increased earnings in emerging markets like China, among other factors, mean that the per-share level has likely never been higher…meanwhile, the Citi Global Economic Surprise Index, which measures whether economic data are beating or missing analysts’ expectations, has seen its best run since 2010 this year in both emerging and developing markets…

4. There’s a growing pipeline of potential new discovery opportunities in the broader Eskay Camp…Pretium Resources (PVG, TSX) announced this morning that a comprehensive regional exploration program has resulted in the identification of 3 distinct areas that have the potential to host epithermal mineralization similar to the Valley of the Kings…several Gold and Silver epithermal targets have been identified in the American Creek zone located approximately 25 km southeast of the Brucejack mine…the American Creek valley is dominated by km-scale north-south structures and localized east-west stockworks, which host elevated Gold values of up to 62.5 g/t in rocks of the Lower Hazelton group, Unuk River formation, the same formation that hosts the Brucejack mine…geophysical conductors identified in the American Creek zone are supported by coincident pathfinder minerals and trace elements associated with epithermal mineralization…the Koopa zone, located approximately 30 km east-southeast of Brucejack, has returned high grades of Gold, Silver, Lead and Zinc in surface sampling with geochemical signatures similar to intrustion-related epithermal Gold deposits…finally, 15 km east of Brucejack, numerous high-grade boulders have been sampled at the Boulder zone…alteration, geochemistry and Upper Hazelton group rocks in the area do indicate the boulders are potentially VMS related…a final data analysis is under way to refine high-priority targets within these 3 areas for drilling in spring 2018

5. North American equity markets have generally opened slightly weaker this morning, though the NASDAQ is up on a rebound in tech stocks…the Dow is off 42 points as of 7:00 am Pacificin Toronto, the TSX has retreated 47 points while the Venture has eased off 2 points to 785…a strong support exists between 780 and 770…typically, the Index will find its low for December during the first half of the month and then begin a strong push higher immediately prior to Christmas…Cobalt prices are closing in on another new high, up 45 cents at $30.84, just 23 cents below the recent new decade high, and that’s helping to give the company with the only underground access in the northern Ontario Cobalt Camp another lift…Castle Silver Resources‘ (CSR, TSX-V) crews have been sampling on the first level of the Castle mine, targeting high-grade Cobalt veins as highlighted in news last Friday…more results are pending…

6. The Canadian Securities Exchange posted record trading results for the month of November with the turnover of 3.49 billion shares…this smashed the previous monthly record from November 2016 of 1.33 billion shares…on a year-to-date basis, the CSE has traded 13.03 billion shares of its listed companies, far exceeding last year’s record of 6.43 billion shares…meanwhile, the total value of all shares traded on the CSE so far this year is $4.74 billion, well ahead of the previous annual record of $1.55 billion traded in 2016….the CSE has also seen robust activity on the new listings and financings front.  “A number of industry sectors have clearly caught the attention of the trading and investing communities interested in entrepreneurial companies,” commented Richard Carleton, CEO of the CSE. “We are delighted to see that the hard work of our issuer companies and the CSE team is paying off to the degree that it has over the last several weeks. With a strong group of prospective issuers in its pipeline, we are confident that the CSE will continue to bring compelling investment opportunities to investors in the coming months.”

7. Cboe Global Markets is leaping ahead of CME in an effort to become the first to launch bitcoin futures…Cboe announced this morning that it’s launching futures trading in the cryptocurrency beginning Sunday, Dec. 10, making the Chicago-based exchange the first to give investors a new way to wager on, and against, the booming new market.  “Given the unprecedented interest in bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure,” stated Ed Tilly, Chairman and CEO of Cboe Global Markets

The Template For The Next 10% Move In Garibaldi Resources

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Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

December 3, 2017

Sunday Sizzler Report

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November 26, 2017

Sunday Sizzler Report

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September 24, 2017

Sunday Sizzler Report

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June 19, 2017

BMR Morning Market Musings…

Gold has traded between $1,244 and $1,254 so far today…as of 11:15 am Pacific, bullion is down $8 an ounce at $1,245…Silver is off 17 cents at $16.52 (updated Silver charts in today’s Morning Musings)…base metals are firm…Copper has climbed 3 pennies to $2.58…Nickel has also added 3 cents to $4.06…Crude Oil has slipped 31 cents to $44.33 while the U.S. Dollar Index has rallied one-third of a point to 97.46

Weighing on Gold last week was a drop in holdings of physically-backed exchange traded funds to 55.231 million ounces from 55.654 million ounces when the Fed raised rates and pushed the Dollar Index to 2-week highs…however, the greenback’s rebound is merely a dead cat bounce given a deteriorating technical picture…very strong resistance begins at 98 on the Dollar Index…Gold, meanwhile, could drop a little more but support is powerful in the $1,230’s

A number of Federal Reserve officials this week will give their first public comments following the central bank’s decision to raise interest rates last Wednesday, and that began this morning with William Dudley who addressed business and community leaders in Plattsburg, New York…

Dudley aligned himself with Chair Janet Yellen in declaring his expectation that a tight labor market will eventually trigger a rebound in inflation data that has been unexpectedly weak in recent months.  “We’re pretty close to what we think is full employment.  Inflation is a little bit lower than what we would like, but we think if the labor market continues to tighten, wages will gradually pick up, and with that, we’ll see inflation get back to 2%.”

Of course, we’ve been hearing that same tune from the Fed on inflation for how many years now?…

Dudley also sounded a positive note on the U.S. economy overall, while saying the central bank wanted to tighten monetary policy “very judiciously” to avoid derailing the expansion that began in mid-2009

Traders have raised their outlook on a rate hike by the Fed’s Dec. 1213 policy meeting to 45% from 41% late on Friday, CME Group’s FedWatch tool showed…

Taking On Tesla

The electric car market continues to heat up with new entrants looking to take on the likes of Tesla and traditional automakers in the space…Chinese start-up CHJ Automotive is the latest player looking to come to market…the company is currently developing 2 vehicles – an “ultra-compact” electric car, and a hybrid SUV…co-Founder Kevin Shen did not reveal the names of the vehicles, hoping to keep them a surprise until later, but did reveal to CNBC that the company is aiming for a launch in March 2018 for the compact car…

$200 Million Cobalt Deal

Cobalt 27 Capital Corp. (KBLT, TSX-V) has priced its public offering of 22.2 million post-consolidated common shares at a price of $9 per share…the $200 million offering will consist of 10.9 million shares being sold for gross cash proceeds of $98,319,780, and 11.3 million shares being issued to acquire 1,205.6 tonnes of physical Cobalt for a total cost of $101,680,245…both the offering and the purchase of physical Cobalt under the Cobalt contracts are expected to close concurrently on or about June 23…the Venture Exchange has conditionally approved the listing of the shares being sold under the offering…

eCobalt (ECS, TSX) is trading at highs not seen since early April this morning while the still undervalued and top northern Ontario Cobalt play, Castle Silver Resources (CSR, TSX-V), has just raised another $1.2 million and is only a nickel shy of its multi-year high reached in mid-April…underground sampling continues at the Castle mine (1.8% Cobalt and 8.6% Nickel highlighted initial assays) while drilling starts shortly…CSR could soar on strong results from quartz-carbonate veins containing high-grade Cobalt and Nickel that were left untouched by previous operator Agnico Eagle (AEM, TSX) which focused on mining exceptionally high-grade Silver…

Venture Short-Term Chart

Last week, the Venture’s RSI(2) plunged to levels not seen since the bear market bottom in January 2016…we’ll see in the coming days if a reversal starts to gain traction, though it’s possible the Index may have to briefly push below its rising 300-day moving average (SMA) around 770 as it has done in every bull market going back the last 15 years…

The EMA(8) and EMA(20) are effective indicators for monitoring Venture short-term swings and reversals…note the short-term downtrend line from the April high of 838…a move above 800 would conquer the downtrend line…

Crude Oil Update

Oil prices are a little soft again today after a 4-week slide due to rising production in the United States, Libya and Nigeria…signs of faltering demand have also prompted weakening sentiment, dropping prices to levels not seen since before OPEC’s output cuts were first announced late last year…

Data on Friday showed a record 22nd consecutive week of increases in the number of U.S. Oil rigs, bringing the count to 747, the most since April 2015Goldman Sachs said if the rig count holds, U.S. Oil production would increase by 770,000 bpd between the 4th quarter of last year and the same quarter this year in the Permian, Eagle Ford, Bakken and Niobrara shale Oilfields…

CRB Index Update

Weakness in Oil has taken its toll on the CRB Index which has fallen below support around 177 which held for more than a year…it’s now reasonable to expect the CRB to test base support at 160 which should create conditions for a strong reversal at some point during Q3

The CRB is off 1 point at 172 as of 11:15 am Pacific

In today’s Morning Musings…

1. Cannabix Technologies (BLO, CSE) update…

2. iCo Therapeutics comes to life…

3. Daniel’s Den  how investors can profit from North America’s 4th largest Copper deposit…

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMRTop 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

To read the rest of today’s Morning Musings, sign up NOW or login as a current subscriber with your username and password.

June 18, 2017

Sunday Sizzler Report

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