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Are Oil prices headed higher?

On a week to week basis no one knows for sure, but we do know $30 to $50 per barrel is unsustainable over the long-term for the petroleum industry. Therefore, we know Oil is headed higher, eventually over $100 again.  The only question is when.

Now is the time to be adding exposure to Oil and gas stocks while prices are still low.  The tricky and time consuming part is separating trash from treasure – roughly 80% are garbage (too much debt, not enough operational freedom). Another 15% will survive what has been a brutal bear market, but not thrive.

Buried within thousands of “opportunities” there’s approximately 5% that are truly exceptional.

I believe this one deserves to be on that list and could deliver monstrous gains for investors: 

To read the rest of this report, click here and find out how you can become a BMR subscriber for as little as $1 per day, or login with your username and password…

SAVE 25% with a satisfaction guaranteed, risk-free subscription…as a new subscriber, if we don’t help you make money over the next 6 months, we’ll refund your subscription fee in full – no questions asked…

Gold has traded between $1,341 and $1,356 so far today…as of 9:45 am Pacific, bullion has reversed higher and is up $2 an ounce at $1,353…Silver has cooled off 49 cents to $19.82…Copper is down 3 pennies to $2.17…Crude Oil has fallen $2.20 a barrel to $46.79 while the U.S. Dollar Index has added half a point to 96.02…

Silver’s advance last week, driven in part by technical factors, was its biggest weekly gain in nearly 3 years, trimming the Gold-Silver ratio to its lowest level since September 2014…

“Silver had soared by nearly 19% at its peak since the beginning of last week without there having been any news to justify such a pronounced price rise,” Commerzbank said in a note. “Evidently speculative financial investors played a major part in the price increase.  In our opinion, there is now considerable correction potential from this side. If the ‘hot air’ were to dissipate, the Silver price could come under more significant pressure.”

What Commerzbank has failed to point out, however, is that Silver’s long-term chart has changed dramatically in recent weeks, suggesting that while a near-term pullback is certainly a possibility to unwind temporarily overbought conditions, the outlook over the next 6 to 12 months is exceedingly bullish…that explains the current interest of “speculative financial investors” referred to by Commerzbank…the “poor man’s” Gold, Silver is going to continue to lead the yellow metal to the upside over the remainder of the year…

In today’s Morning Musings…

1. How high are the Venture and Gold headed this month?…

2. Water, water, everywhere – good news for Orca Gold (ORG, TSX-V)…

3. Volume spike in Takara Resources (TKK, TSX-V) is a bullish signal…

Plus more…click here if you’re a non-subscriber to receive 3 Top Picks For July, or login with your username and password to view the rest of today’s Morning Musings… 

SAVE 25% with a risk-free subscription (as little as $1 per day) as you gain full access to this and other exclusive BMR content…

The resource section of the BMR Top 50 Opportunities List unveiled in early December 2015 is up a staggering 161% in just 7  months (279% annualized return) with 54% of the 39 picks posting triple-digit percentage gains. 

This compares to a 41% advance for the Venture and a 24% climb in Gold during the same period.  The TSX is up 5% since then, the Dow is up slightly while the NASDAQ has fallen 5%.

Individual category performances (comprising 50 stocks) are as follows:

PRODUCERS:  Up 119%

NEAR-PRODUCERS:  Up 185%

EXPLORERS:  Up 151%

EXPLORER SLEEPERS UNDER A NICKEL:  Up 249%

NON-RESOURCE:  Up 18%

In today’s report is an updated performance review of each category through June 30, and comments on individual companies for our subscribers.  In total, 38 or 76% of the 50 picks have increased in value over the last 7 months, 11 are down and 1 is unchanged.  The average return so far for all 50 companies is an impressive 130% or 225% on an annualized basis.  Pure Gold Mining (PGM, TSX-V) tops the list with a gain of 567% followed by Cordoba Minerals (CDB, TSX-V) at 562%, Kiska Metals (KSK, TSX-V) at 467%, and Lithium X Energy (LIX, TSX-V) at 315%.

Not included in the above statistics are the 36 recent additions (NEW ADDITIONS), companies that have been added at various times since late February – more than half of them since the beginning of May.  Combined, this group is already up nearly 50% with Colorado Resources (CXO, TSX-V) setting the pace with a gain of 262%.  Three other stocks in the Golden Triangle’s Heart of Gold Camp have posted returns in excess of 90% over a short period – SnipGold (now part of Seabridge Gold) has jumped 150%, Tudor Gold (TUD, TSX-V) is up 99% while Aben Resources (ABN, TSX-V) has advanced 93%.  Garibaldi Resources (GGI, TSX-V), which has increased its position in the Camp 10-fold, remains under accumulation and has broken out above a downtrend line in place since last November.

BMR recently correctly predicted potential takeovers of both Dolly Varden Silver (DV, TSX-V) and Homestake Resource (HSR,TSX-V), up 152% and 59%, respectively, since we broke the story June 7 (click here) about a major Silver producer acquiring 600 sq. km of claims in the Kitsault district near DV and HSR from a private group.

Athabasca Nuclear is now Clean Commodities (CLE, TSX-V), building a powerful Canadian clean commodity brand that includes an impressive package of recent Lithium acquisitions.

1.  Stocks with the most momentum as a new month begins…

2.  The one Gold play that could skyrocket in July…

3. Potential high-flier prepares to start trading on the CSE as unique tech play…

Click here for a free BMR eAlert on “3 picks” we expect will “rock” this month…

And click here to gain immediate full access to this and other exclusive BMR content which provides daily Venture coverage and money-making trading opportunities you won’t find anywhere else, or login with your username and password…