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We are in the process of updating our eAlert list, especially in light of recent exploration discoveries and the much improved Venture outlook for 2014.  If you wish to be included in the BMR eAlert system, which sends out occasional important and timely market information that’s not always posted on our site (or before it’s posted on our site), simply click on the “Contact Us” button you see in the top right hand corner of this page, type in “Alert” in the subject line, give us your first name, and hit the send button.  Your email address is not given out to any other party.

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Welcome to our site, or at least the initial version of it!  BMR has been online for more than four years and strictly through word-of-mouth we have built a loyal following.  We encourage reader feedback and the exchange of helpful opinions and ideas among investors in our forum. 

We’re continuing with our plans to ultimately construct a very unique investment and money-management resource site that goes considerably beyond what we have now.  We focus a great deal on the Gold, Silver and Copper markets as well as trends in the global economy, in addition of course to the technical health of the TSX Venture Exchange (CDNX).  An important component of this site, as well, will always be original research on high quality junior exploration companies or small producers that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity, and we are being more selective than ever in the current market environment.  We look for companies with the ability to execute both on the ground and in the market, who are determined to build shareholder value, which actually excludes most Venture stocks.  However, investors must understand that the companies we do put forward for our readers’ due diligence are still highly speculative situations and entail considerable risk, volatility and unpredictability.

Our intent is to provide you with information that you can use as part of your own due diligence.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. We are not Registered Securities Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction. Always perform your own due diligence and please read our disclaimer at the bottom.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop. The Bible teaches so much about money and how to handle it and invest it –  there are literally thousands of verses on how we should handle the money and possessions that God entrusts us with.  By examining the life of Jesus and reading the Word of God, we can all become fully equipped to be successful investors and handle money wisely.  We have a God who thinks big – He created the universe – and He wants us to think big  in every area of our lives.  When we handle money from a Biblical perspective (His money that we have been given stewardship of), He will bless you.  This all begins, of course, with a personal relationship with Jesus Christ by accepting Him as your Lord and Savior and putting Him at the throne of your life.  It is the most important decision you’ll ever make.

God Bless,

Terry Dyer

Owner/Publisher, www.BullMarketRun.com

Disclaimer:

BullMarketRun.com (BMR) is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction. It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

Forward Looking Statements:

All statements in BMR’s reports, other than statements of historical fact, may be forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

5:00 am Pacific

A BMR crew is heading shortly to northwest British Columbia and the Sheslay Valley for an extensive week of coverage for our readers of B.C.’s most exciting exploration district.  Drilling is currently in progress at Doubleview Capital Corp.’s (DBV, TSX-V) Hat Property, and we’ll be reporting directly from the Hat next week.

Please be advised that there will be no Morning Musings today or Monday, and no regular Week In Review and A Look Ahead this weekend, as we prepare for this important visit.  Our coverage will begin Tuesday from Smithers, B.C., and will continue the rest of the week.  We’ll have our team stationed in two areas, allowing us to set up in a way so that BMR can continue to follow Venture and global market developments as usual while we also provide this special and exclusive insight into this geological hotspot – the Sheslay Valley.

The scale of this Cu-Au porphyry district is truly immense – below is a Google Earth view of a portion of the Sheslay Valley from the northwest looking at the very distinctive NW/SE trend.  The distance between Garibaldi Resources Corp.’s (GGI, TSX-V) Grizzly West porphyry target and Doubleview’s Hat discovery is a whopping 22 km with Prosper Gold Corp.’s (PGX, TSX-V) advanced Sheslay Project in between.

Looking from the northwest toward the southeast at a portion of the Sheslay Valley district.

Gold has traded between $1,281 and $1,295 so far today…as of 7:50 am Pacific, the yellow metal is down $4 an ounce at $1,286 in advance of tomorrow’s important U.S. non-farms payrolls report…Silver is off 13 cents at $19.84…Copper is down 2 pennies at $3.01…concerns about China’s economic outlook overwhelmed short-lived fears of supply disruptions (not expected) following a large earthquake in Chile that gave the metal a boost yesterday…Crude Oil is relatively flat at $99.57 while the U.S. Dollar Index has shot up one-quarter of a point to 80.47…

Gold premiums in India are expected to fall from current levels of about $30 an ounce after the central bank indicated it is considering removing some of the curbs to trade that have crippled imports…India, the second biggest consumer of Gold after China last year (perhaps the biggest if you include smuggling), imposed a record 10% import duty on the metal and said a fifth of all shipments should be re-exported as finished product to help narrow its current account deficit (CAD)…but the recent easing of the CAD has given Finance Minister P. Chidambaram and the head of the central bank, Raghuram Rajan, the space to consider lifting the restrictions on Gold…“I think what we have to do is slowly and steadily take actions to remove some of these curbs,” Reserve Bank of India (RBI) Governor Rajan told analysts yesterday according to a report from Reuters…

ECB Holds Steady

Following its monthly monetary-policy meeting today, the European Central Bank said it would leave interest rates on its main refinancing operation at 0.25%…the ECB also left rates on its marginal lending facility and the deposit facility unchanged at 0.75% and 0%, respectively…amid fresh concerns regarding a potential deflation problem in the euro zone, some market watchers expected the ECB might introduce QE measures as early as today…on Monday, Eurostats reported that annual consumer inflation fell to 0.5% in March, a drop from February’s reading of 0.7%, and the lowest level since November 2009…at a news conference following this morning’s policy decision, ECB President Mario Draghi stated, “The Governing Council is unanimous in its commitment to using all unconventional instruments within its mandate in order to cope effectively with risks of a too-prolonged period of low inflation…we do not exclude further monetary policy easing and we firmly reiterate that we continue to expect the ECB interest rates to remain at present or lower levels for an extended period of time.”

China Unveils Mini-Stimulus Plan

China’s leaders have unveiled a mini-stimulus aimed at shoring up sputtering growth…under the measures announced yesterday by Premier Li Keqiang, small businesses will get bigger tax breaks, social housing will be built to replace shantytowns and railway construction will be sped up…Capital Economics said in a commentary that Beijing’s latest steps are “simply reheated versions of previous announcements.” At most, some previously planned spending will occur sooner, and this suggests officials don’t believe China’s economic situation is as dire as financial markets fear, the report said…some analysts are expecting more stimulus in the near future in the form of looser monetary policy, such as a cut in bank reserve requirements…

Today’s Markets

Asia

China’s Shanghai Composite gave up 15 points overnight to close at 2044…Japan’s Nikkei climbed 126 points to finish at 15072…

Several emerging Asian equity markets enjoyed a stellar first quarter of 2014…Indonesia surged 22.7%…Thailand jumped nearly 8% while India was up 10.2%…GDP for emerging markets is on pace to expand 5.1% this year, twice as fast as the major developed economies including the U.S., Europe and Japan, which are expected to grow an average of just 2.2%…

Europe

European shares are generally higher in late trading overseas following the ECB announcement and Draghi’s news conference…

North America

The Dow is off 15 points as of 7:50 am Pacific…the number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market…initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said today…the four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, nudged up just 250 to 319,500…

The TSX is off 82 points as of 7:50 am Pacific while the Venture is off 1 point at 1005…

TSX 5-Year Weekly Chart

An “awareness chart” from John…this 5-year TSX weekly chart shows a market with an increasing likelihood of a pullback – exact timing is uncertain of course, but there are some similarities between current conditions and what was witnessed in late 2010/early 2011…this could merely mean we’re getting close to another mini-correction to the rising 50-day moving average (currently around 14100), which has provided tremendous support since last summer, or perhaps a more substantial pullback is in the works to cleanse temporarily overbought conditions…recently, the TSX pushed slightly above the early 2011 high of 14329…

Venture-TSX Gold Index Comparative Chart

Interestingly, since the Crash, the TSX Gold Index has led the CDNX in upside reversals – you can see four instances of this in the chart below (the opposite was true before the Crash)…this is just another technical tool for the investor’s toolbox – it’s safe to assume going forward that strength in the TSX Gold Index will be a very bullish indicator for the Venture…through yesterday, the Gold Index was up 25% from its 149 December low while the Venture was up 17% from its June 859 low…

TSX Gold Index Updated Chart

So where does the TSX Gold Index stand at the moment?…this 10-year monthly chart paints a bullish overall picture…a key breakout level is clearly 210 – the Index tried to sustain a move above 210 last month but failed…this would equate to about 1050 on the Venture…strong support on the Gold Index is in the mid-to-upper 170’s (it recently retested its rising 200-day SMA) while the Venture is underpinned by tremendous support between its rising 200-day SMA, currently around 950, and the mid-980’s…the Gold Index is off 3 points at 183 as of 7:50 am Pacific…

Yamana Gold Jumps Ahead of Goldcorp In Innovative Or “Convoluted” Deal With Osisko

In an attempt to thwart Goldcorp’s (G, TSX) hostile bid, Osisko Mining Corp. (OSK, TSX) has executed a complex deal with Yamana Gold Inc. (YRI, TSX) and two Canadian pension funds that will allow Osisko to operate its flagship Canadian Malartic Gold mine in Quebec...Yamana will use cash and its stock to buy a 50% interest in Osisko’s mining and exploration assets for $1.37-billion…Osisko will keep the rest of its company…that will give Osisko shareholders cash, an interest in Yamana, and a new common share of Osisko that is worth $3.35 apiece…combining the new Osisko and the Yamana offer, the total per-share value is $7.60 for every Osisko share…that exceeds Osisko’s closing yesterday by 10% and is 20% higher than Goldcorp’s (G, TSX) current cash-and-stock offer of $6.33 a share…as part of the deal, two Canadian pension funds, the Canada Pension Plan Investment Board and Caisse de depot et placement du Quebec, will provide Osisko with a total of $550-million in funding…in return, Caisse will get a stream of 37,500 ounces of Gold a year from Canadian Malartic…the CPPIB will increase its credit facility to Osisko…

The next question is, will Goldcorp come back with a higher offer?…Goldcorp today reported that it is continuing its Malartic mine due diligence process…following a full analysis of due diligence findings, the company will consider its position and apprise its shareholders as to next steps related to its existing offer to acquire Osisko…“Our due diligence team is making progress, and we look forward to completing a full analysis of the team’s findings in due course,” said Chuck Jeannes, Goldcorp President and CEO. “In the meantime we will complete our analysis of the alternate scheme (our emphasis) proposed between Osisko and a number of other parties.” Goldcorp also announced this morning that it has extended its offer to acquire all of the outstanding common shares of Osisko until 5:00 p.m. EDT on April 15, 2014…

InZinc Mining Ltd. (INZ, TSX-V)

InZinc Mining’s (INZ, TSX-V) news caught our attention the other day, which is why John prepared this chart after the close of trading yesterday…it appears INZ has drawn the attention of others, as well, as the stock is up 6 cents at 20.5 cents as of 7:50 am Pacific after hitting a new 52-week high of 22 cents…on Tuesday, the company announced a very positive independent Preliminary Economic Assessment of its 100%-owned Desert West Zinc-Iron-Copper Project in Utah showing an IRR of 23% and a 3.7-year payback…average annual Zinc and Copper production is estimated at 107.9 million pounds and 9.9 million pounds, respectively, with an initial project capital costs of $247 million and good potential for resource expansion…

Below is a 4-year weekly INZ chart from John…technically, a cup-with-handle pattern has formed as you can see below, and what potentially could unfold is a breakout above the cup…as always, perform your own due diligence…Utah is an overlooked state and another situation we suggest our readers check into there is the Goldstrike Project held by Cadillac Mining Corp. (CQX, TSX-V)…

Note: Jon holds a share position in CQX.

Gold has traded between $1,281 and $1,296 so far today…as of 7:30 am Pacific, the yellow metal is up $13 an ounce at $1,293…Silver is up 30 cents to $20.06…Copper is a penny higher at $3.03…Crude Oil is off 71 cents at $99.03 while the U.S. Dollar Index is one-tenth of a point higher at 80.19…

Gold demand in China has risen slightly with local prices trading at a premium to London spot prices for the first time since early March…that’s a very good sign and could mean that bullion will hold important support near current levels ($1,270 and higher)…

News this week that India’s current-account deficit appears to be narrowing means a greater likelihood that authorities could reduce restrictions on Gold imports, according to Commerzbank…analysts cite data from the All India Gems & Jewellery Trade Federation showing that Gold imports in the fiscal year that just ended are unlikely to have exceeded 600 metric tons, well down from 845 tons a year earlier. “This is likely to have noticeably eased the country’s current account; according to the finance minister, its deficit could total $35 billion, which would equate to around 2% of GDP,” Commerzbank stated…previously, the deficit had been as high as $88.2 billion. “A loosening of the import restrictions thus appears more probable,” Commerzbank concluded…the bank cites reports saying that the finance ministry is discussing appropriate steps with the central bank…India’s general election will take place beginning April 7 and will be held in nine phases, the longest election in the country’s history, through May 12…results will be declared May 16, and could have an important impact on Gold as the year progresses…

Today’s Markets

Global stocks are at their best levels since the outbreak of the financial crisis, bolstered by record highs on Wall Street as the U.S. economy slowly improves but monetary policy remains accommodative…hopes that Beijing will ensure that a rebalancing Chinese economy avoids a hard landing, waning euro zone debt fears – Greek borrowing costs are at multi-year lows – and Japan’s battle against deflation, have also contributed to the rally…potential “market moving” events later this week are tomorrow’s European Central Bank meeting and Friday’s U.S. jobs reports…

Asia

Asian markets are at multi-week highs…China’s Shanghai Composite added 12 points overnight to close at 2049…Japanese investors cheered a weaker currency…the yen fell to 103.93 per dollar, its lowest level since January 23, and the Nikkei climbed 154 points to close at 14946…

Europe

European shares are slightly higher in late trading overseas…the European Union’s producer price index dropped 0.2% in February and was down 1.7% year-on-year…the year-on-year decline was the largest since late 2009 and is yet another element adding to the deflation concerns in the EU…the PPI report will put more pressure on the ECB to come up with new monetary tools to jump-start economic growth and inflation…the ECB’s monthly monetary policy meeting tomorrow will include a news conference from Mario Draghi…

North America

The Dow is 21 points higher as of 7:30 am Pacific…the U.S. economy created nearly 200,000 new private-sector jobs last month, a closely watched economic indicator reported this morning, feeding hopes about the economic recovery and a thaw in labor markets…the ADP National Employment report said total private payrolls jumped by 191,000 in March (vs. a consensus estimate of 195,000), but ADP sharply revised upward February’s figure to 178,000 from 139,000…small business created 72,000 total jobs in March, ADP said, while medium-sized firms generated 52,000…large businesses created 67,000 new positions during the month…

The TSX is up 44 points as of 7:30 am Pacific while the Venture is 4 points higher at 1005 as it tries to gain traction again above the 1000 level…

Pilot Gold Inc. (PLG, TSX) Update

Pilot Gold Inc. (PLG, TSX) has completed its previously announced bought-deal financing for total gross proceeds of $20 million…lead underwriters National Bank Financial Inc. and Scotiabank, along with Haywood Securities Inc., BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd., purchased, on a bought-deal basis, 13,072,000 common shares of the company at a price of $1.53 per share…PLG, which is developing two cornerstone projects – Kinsley Mountain in Nevada and TV Tower in Turkey – is up 4 cents at $1.43 through the first hour of trading today…

Platinum Update

A 10-week wage strike in the world’s biggest platinum-mining industry is crippling business in the South African city of Rustenburg, a city of 500,000 people where mining-related activities account for about half the jobs…wage negotiations between more than 70,000 members of the striking Association of Mineworkers and Construction Union (AMCU) have restarted after ceasing through most of March…companies estimate that employees have lost about 4.9 billon rand ($464 million) in pay so far…Platinum mining, which started in the 1920s, boosted the Rustenburg economy to the point where the town became one of South Africa’s fastest-growing cities by 2000…

Interestingly, Platinum is actually cheaper today than it was on January 23 when the unions walked out…the strike, however, is costing about 10,000 ounces in lost output a day across the major Platinum producers and could push the global Platinum market into a 1 million ounce supply shortfall this year, according to analysts at Thomson Reuters GFMS.  “The reality is that the companies don’t have that much room to move, given their current cost base,” Carole Ferguson, a mining analyst with SP Angel Corporate Finance in London, told Mineweb (see article by Patrick Cairns this morning at www.mineweb.com). “But AMCU doesn‘t seem able to grasp that.”

Long-Term Platinum Chart

Below is a 20-year Platinum chart from John…note the strong RSI(14) support at 40%…the big question is whether Platinum will break above the downtrend line or below exceptionally strong support around $1,300…we favor the former scenario but exact timing of course is uncertain…

Madalena Energy Inc. (MVN, TSX-V) Chart Update

Madalena Energy (MVN, TSX-V) has been strengthening again recently after a healthy pullback from a high of 83 cents in mid-January…in February, MVN raised another $20 million…the company is very active with a large land base of over 150 net sections (100,000+ net acres) in the Paddle River area of west-central Alberta with increasing production and reserves on three horizontal plays…MVN also has very attractive assets in Argentina where it’s focused on the multi-billion barrel potential of three large blocks within the “sweet spot” of that country’s prolific Neuquen basin…below is an updated 2.5-year weekly chart from John…note how the EMA(20) has provided consistent support since last summer…MVN is off 2 pennies at 70 cents through the first hour of trading…

North American Nickel Inc. (NAN, TSX-V) Chart Update

North American Nickel (NAN, TSX-V) generated some excitement last summer with high-grade drill results from its Maniitsoq Project in Greenland, specifically the Imiak Hill Conduit Complex…when drilling resumes, expect this play to heat up again as NAN follows up on an important discovery…the company has developed a growing list of targets throughout the large Maniitsoq package which it believes has the potential to host the world’s next sulphide Nickel-Copper-Cobalt camp…NAN is up 1.5 cents at 37 cents as of 7:30 am Pacific…

Zenyatta Ventures Ltd. (ZEN, TSX-V) Chart Update

Zenyatta Ventures (ZEN, TSX-V) has found its groove again after a sharp correction that took it from $5 a share last summer to low of $1.80 (critical support held) early this year…note the bullish upsloping channel ZEN is currently in with chart support at $3.10 and Fib. support levels between $2.44 and $2.81…ZEN is now attempting to overcome chart resistance at $3.40, and is up 8 cents at $3.48 through the first hour of trading…

Note: John, Terry and Jon do not hold share positions in PLG, MVN, NAN or ZEN.

Gold has traded between $1,281 and $1,290 so far today…as of 7:25 am Pacific, bullion is off $4 an ounce at $1,281…Silver is up 4 cents at $19.79…Copper is unchanged at $3.01…Crude Oil has shed 76 cents to $100.82 while the U.S. Dollar Index is off slightly at 80.07…

The world’s largest Gold-backed exchange-traded fund, New York’s SPDR Gold Shares, reported an outflow of 3.9 tonnes yesterday, its largest one-day outflow in nearly six weeks…

The discount to spot prices in China has been narrowing in recent days, indicating some buyers are coming back into the market…prices for 99.9% purity Gold on the Shanghai Gold Exchange were at a discount of about $1 an ounce today, compared with a discount of up to $8 recently…Gold needs fresh physical buying to keep prices at or above important technical support at $1,270…

Potential significant events for currencies and and Gold are looming later this week including the outcome of Thursday’s European Central Bank governing council meeting, and Friday’s U.S. non-farm payrolls data…

Gold Seasonality Chart

Historically, going back to 1995, March has been one of the worst months of the year for Gold as you can see in the chart below with this year being no exception as bullion fell 3.3% after closing February at $1,329 (February was the best month since July of last year)…last month, of course, Gold came within shouting distance of $1,400 but quickly retraced a lot of its gains since December of last year over the last couple of weeks…historically, April has been kinder to Gold than March…

Today’s Markets

Asia

Asian markets were mostly higher overnight, riding the wave of U.S. buying yesterday after comments from Federal Reserve Chair Janet Yellen who reassured investors, in a rather extraordinary way (see below), that the bank would maintain strong monetary support for the U.S. economy…China’s Shanghai Composite gained 14 points to close at 2047…Beijing’s official Purchasing Managers’ Index (PMI) rose to 50.3 in March from 50.2 in February, in line with analysts’ expectations…still, the figure was below January’s 50.5 figure…separately, HSBC’s final reading came in at 48, a touch below last week’s preliminary reading of 48.1…

Japan’s Nikkei bucked the trend, losing 36 points to close at 14792…

Europe

European shares are up significantly in late trading overseas after the release of a slew of economic data today…the euro zone manufacturing PMI, compiled by data company Markit, hit 53.0 in March, down from 53.2 the previous month, but still above the crucial 50 mark that signals growth…the figure is also below the January high of 54…“Despite having cooled slightly in March, the euro area manufacturing sector continues to enjoy its best spell of growth since early-2011. The rate of output growth remains encouragingly robust,” Chris Williamson, chief economist at Markit said in the accompanying news release…meanwhile, unemployment in the euro area remained stuck at 11.9% in February, hardly moving from this time last year, when the figure was 12%, according to the European Statistics Office, Eurostat…unemployment in Germany, however, fell for the fourth straight month…

North America

The S&P 500 has hit a fresh all-time this morning, while the Dow is up another 92 points as of 7:25 am Pacific…equities rocketed higher yesterday morning following a somewhat extraordinary speech from Fed Chair Janet Yellen that was interpreted as affirmation of her commitment to low rates until the economy is much stronger…as WSJ ace reporter Jon Hilsenrath observed, “While Ms. Yellen’s underlying message on Fed policy was unchanged, her delivery was striking. Central bankers tend to speak in terms of economic theory and statistics, in jargon better understood by investors and other economists than the broader public. Ms. Yellen instead exhibited a personal touch Monday by coloring her comments with experiences of three people who had struggled to gain full-time work.”

The TSX is up 32 points of as of 7:25 am Pacific while the Venture has climbed 6 points to 1001…

The Venture out-performed Gold, the Dow, the TSX and the Nasdaq in the first quarter of 2014, a very encouraging sign for the CDNX and a feat that likely hasn’t been accomplished in nearly three years…the Venture was up 6.7% in Q1 vs. a 6.6% jump in Gold, a 5.2% gain for the TSX, and a less than 1% advance in both the Dow and the Nasdaq…

Below is a quarterly performance chart comparing the CDNX with Gold, Silver, Copper and the CRB Index…the CRB came out the winner with a gain of 8.7% while Copper but clobbered with an 11% setback…

Copper Stabilizes, Holds Critical Support

Copper has clearly stabilized after a 16.5% sell-off from a high of $3.45 near the end of last year…weak buy pressure has now replaced sell pressure which emerged on this 2.5-year weekly chart in late February…RSI(14) bounced off support last month at 30% as the metal traded as low as $2.88 but nonetheless remained within a support band…a re-test of support around $2.90 certainly can’t be ruled out while the next immediate resistance is $3.05…

Alix Resources Corp. (AIX, TSX-V) Update

Alix Resources Corp. (AIX, TSX-V) is going “all-in” on the Sheslay Valley Cu-Au porphyry district, rapidly shaping up to be British Columbia’s exploration hotspot in 2014 with drilling in the area already underway (Doubleview Capital Corp., DBV, TSX-V)…Alix has impressively raised over half a million dollars, as announced yesterday, which demonstrates that the company’s strategic land package covering about 90 sq. km is beginning to resonate with investors…it’s important to note that Alix, which is proceeding immediately with a work program in the Sheslay camp, has managed to secure ground contiguous to the entire northern border of Prosper Gold Corp.’s (PGX, TSX-V) Sheslay Property, as well as land packages contiguous to much of the northwestern border of Garibaldi Resources Corp’s (GGI, TSX-V) Grizzly Property and the northeastern border of DBV’s Hat Property…in addition, AIX is well-positioned in Sheslay South with a NW/SE trending package that stretches for as much as 18 km…trading at just 4 cents, AIX could literally explode on good news from any of its neighbors or encouraging results from any of its four project areas in the Sheslay Valley…

Below is a 4-year weekly AIX chart from John that shows an impressive RSI(14) uptrend and a share price in an upsloping channel with a now rising 200-day moving average (SMA)…these are powerful signals for what may lie ahead for AIX and all the plays for that matter in the Sheslay district…as always, perform your own due diligence…AIX is unchanged at 4 cents as of 7:25 am Pacific…

Fission Uranium Corp. (FCU, TSX-V) Updated Chart

Fission Uranium (FCU, TSX-V) released more impressive results yesterday from Patterson Lake South and continues its march toward Fib. measured resistance at $1.82…that’s not a price target, just a theoretical level based on Fib. and technical analysis…as always, perform your own due diligence…FCU is off a penny at $1.67 as of 7:25 am Pacific…it has climbed more than 50% so far this year…

Note: John and Jon both hold share positions in AIX.