October « 2017 « BullMarketRun.com

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

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BMR Morning Alert!

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October 26, 2017

7 @ 7:00

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

1. Gold has traded between $1,272 and $1,283 so far today…as of 7:00 am Pacific, the metal is down $3 an ounce at $1,274…China’s net Gold imports via Hong Kong slipped about 8.5% in September from the previous month, falling to 29.80 tonnes from 32.57 tonnes in August…Silver is off 6 cents at $16.86…Copper and Nickel have both retreated modestly at $3.15 and $5.28, respectively…Zinc is up 2 pennies at $1.49 while Cobalt is steady at $27.22…Crude Oil is 7 cents lower at $52.11 while the U.S. Dollar Index has shot up by two-thirds of a point to 94.23, thanks in part to weakness in the euro as the ECB gently steps away from its stimulus program…

2. The ECB’s Governing Council announced today that its bond-buying program will be reduced starting in January…buying under the asset purchase program will continue at the current monthly pace of 60 billion euros until the end of December, the central bank said. “From January 2018, the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.” ECB President Mario Draghi reiterated that interest rates were left unchanged and noted that they are expected to remain the same levels for “an extended period of time” and “well past the horizon of our net asset purchases.”

3. The Crude Oil market this week has been supported by comments from Saudi Arabia’s energy minister reiterating the kingdom’s determination to end a global supply glut that has weighed on prices for more than 3 years…nothing like a pending IPO for the state-owned Oil company to light a fire under the Saudis…meanwhile, Crude for immediate lifting has moved to a premium over later futures prices (backwardation), indicating that demand for Oil is strong in many of the biggest consuming regions, including Europe and Southeast Asia…the latter’s net Crude imports will more than double to 5.5 million bpd by 2040 as the region adds new refining capacity to meet rising demand while regional Oil output falls, according to the International Energy Agency (EIA)…makes you wonder why so many Canadians want to give up this country’s competitive advantage in Oil…

4. Uranium and The Real Russia Scandal: The U.S. Justice Department announced last night that it had lifted a gag order on a former FBI informant involved in a high-profile Russia bribery case, clearing the individual to speak to Congress about Moscow’s Obama-era Uranium deals in the U.S. market and other schemes…in a statement, the department said it had authorized the informant to speak to the leaders of the Senate Judiciary Committee, House Oversight Committee, and the House Permanent Select Committee on Intelligence, in addition to select staffers…the department said the informant could provide “any information or documents he has concerning alleged corruption or bribery involving transactions in the Uranium market,” including Russian company Rosatom, subsidiary Tenex, Uranium One and the Clinton Foundation…Uranium One refers to the name of a Canadian-based company with mines in the U.S. that in the summer of 2010 was bought by Rosatom, a company backed by the Russian state, which effectively gave Rosatom proprietary access to one-fifth of the U.S. Uranium supply…the State Department, then led by Hillary Clinton, was one of 9 U.S. government agencies that had to approve the 2010 deal…it has been reported that Russian nuclear officials steered tens of millions of dollars to the U.S. that were allegedly designed to benefit the Clinton Foundation…how’s that for collusion with the Russians?…

5. U.S. stocks opened strongly higher this morning, buoyed by favorite earnings reports highlighted by Twitter’s (TWTR, NYSE) numbers that exceeded Wall Street expectations…the Dow is up 123 points as of 7:00 am Pacific…in Toronto, the TSX is 39 points higher while the Venture has added a point to 785…LeoNovus (LTV, TSX-V) is once again one of the trading leaders with a gain of 4.5 cents to 40.5 cents after successfully testing support in the mid-30’s as expected…

6. PyroGenesis Canada (PYR, TSX-V), the world leader in the design, development, manufacture and commercialization of advanced plasma processes, announced this morning that the U.S. Patent and Trademark Office has issued 2 unrelated U.S. patents to the company, the first targeting the environmental industry, and the second targeting the mining and metallurgical industry…this brings the total number of issued and pending patents held by the company to 54…PYR is up a nickel to 72 cents as of 7:00 am Pacific…

7. First Cobalt (FCC, TSX-V) has released high-grade Cobalt and Copper assays in sulphide-style mineralization at the past-producing Drummond mine near Cobalt, Ontario…grab samples from muck piles by the historic Drummond mine returned grades up to 0.65% Cobalt, 1.79% Copper and 4,990 g/t Silver…significantly, the sulphide-style signature, similar to that seen at nearby Bellellen, has not been well documented in the Cobalt Camp and provides a different type of target for future exploration compared to typical vein systems in the region…Dr. Frank Santaguida, FCC Vice President-Exploration, commented: “The metal associations found at Drummond are interesting and require follow up work. High lead in Archean volcanic rocks is not common and Copper minerals in calcite veins may suggest an association with the Cobalt-bearing calcite veins. Understanding the metal relationships and the structural control of this mineralization style will be key to further exploration work.”

The Template For The Next 10% Move In Garibaldi Resources

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

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October 25, 2017

BMR Evening Alert!

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Daniel’s Den

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7 @ 7:00

Check back later today for additional posts including Daniel’s Den from the New Orleans Investment Conference. In addition, visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,271 and $1,280 so far today…as of 7:00 am Pacific, the metal is down $6 an ounce at $1,276…Silver has dipped 14 cents to $16.91…Copper and Nickel are both down marginally at $3.17 and $5.36, respectively…Crude Oil has slipped 22 cents to $52.25…U.S. government data released moments ago provided a mixed picture with Crude stocks rising last week while gasoline stocks and distillate inventories fell…the U.S. Dollar Index has retreated one-quarter of a point to 93.67…

2. Demand for long-lasting U.S. factory goods remained robust last month, pointing to ongoing strong business investment…new orders for durable goods – products designed to last at least 3 years like dishwashers and aircraft – rose a seasonally adjusted 2.2% in September from a month earlier, the Commerce Department reported this morning…new orders are up 5.2% in the first 9 months of this year compared with the same period in 2016…the report comes amid broadly positive signs from the U.S. manufacturing sector, despite the impact of 3 recent major Atlantic hurricanes – Harvey, Irma and Maria…meanwhile, sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall in recent months…

3. President Trump used a luncheon with Senate Republicans yesterday to get their views on who he should pick to head the Federal Reserve…according to news reports, the President polled the Republicans on whether they would prefer Stanford University President John Taylor or current Fed Governor Jerome Powell for the job, and more senators preferred Taylor…Trump also said he was considering reappointing Janet Yellen. “If he does indeed choose Taylor, Gold is likely to fall sharply,” Commerzbank analysts said in a note…Taylor has a more hawkish stance with regard to interest rates…

4. The Copper market should see a deficit of 151,000 tonnes this year and a deficit of 104,000 tonnes in 2018, the International Copper Study Group (ICSG) says…a private coal mining industry investor in China’s Shanxi province is said to be the main actor behind a dramatic increase in bullish bets in Chinese Copper futures…analysts see continued improving prospects for Nickel, driven in part by the metal’s growing use in Lithium-ion batteries for electric and hybrid vehicles…meanwhile, the premium of cash Zinc over the 3-month contract is on the rise again, increasing to $68.50…that’s still well off the 10-year high of $91 a tonne 2 weeks ago but still indicates shortages in immediately available supply…Zinc is steady at $1.47 this morning…

5. The Dow has given up 16 points on profit taking through the first 30 minutes of trading…improving earnings results, strong economic data and the prospect of tax reform should keep equities buoyant…the TSX is 35 points lower as of 7:00 am Pacific while the Venture is steady at 785…with initial results pending from Nickel Mountain, Garibaldi Resources (GGI, TSX-V) has hit another new high, up 40 cents at $4.90, while neighbor Metallis Resources (MTS-TSX-V) has jumped 35 cents to $2.48…Datametrex (DM, TSX-V) is showing signs of a pending breakout, up half a penny at 12.5 cents on strong volume, while Fintech Select (FTEC, TSX-V) is following up on yesterday’s news with a gain of 2 pennies to 22 cents…

6. Canopy Growth (WEED, TSX) is up slightly after announcing this morning that it has launched a strategic partnership in the Jamaican cannabis market as part of its continuing international expansion…Grow House JA Ltd., to operate as Tweed Ltd. JA, will serve the needs of the Jamaican medical cannabis market with Tweed’s well-established cultivation processing and international standards, matched with the local know-how of its Jamaican partners and the renowned sun, soil and water of Jamaica…Canopy Growth holds 49% of the share capital of Tweed JA, which, with conditional license approvals already in place, has already begun construction of its facility. “Jamaica represents a world-class cannabis market, and we are fortunate to be working with a highly experienced and knowledgeable local team so we can put the right pieces in place to turn these opportunities into local prosperity and success,” stated Bruce Linton, President and CEO. “Ensuring we have the brands, infrastructure and the right people in place is our priority. We look forward to contributing to a successful Jamaican cannabis market with the addition of Tweed JA.”

7. Gold Standard Ventures (GSV, TSX), which began trading on the TSX 2 weeks ago, released positive metallurgical results this morning from continuing work designed to determine the processing characteristics of the Dark Star oxide Gold deposit on its 100%-owned/controlled Railroad Project in Nevada’s Carlin trend…the company says that the results confirm that Dark Star is likely to support heap leach processing…Gold Standard, comfortably sitting on a large cash position as as it carries out a 50,000-m drill program, has fallen in half from a high of nearly $4 last year…the stock is trading in a major support area in between its rising 500 and 1,000-day moving averages (SMA’s), and turnaround by Q1 seems likely based on chart patterns…

The Template For The Next 10% Move In Garibaldi Resources

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Comments (17)

October 24, 2017

7 @ 7:00

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

1. Gold has traded between $1,275 and $1,284 so far today…as of 7:00 am Pacific, the metal is down $6 an ounce at $1,276…Silver has dipped 14 cents to $16.91…Copper and Nickel are both up slightly at $3.19 and $5.40, respectively…Crude Oil has jumped 38 cents to $52.28 while the U.S. Dollar Index is up one-tenth of a point at 93.90…President Trump told reporters yesterday he is “very, very close” to making his decision on who should chair the U.S. Federal Reserve after Janet Yellen’s term ends in early February (she could still be asked to continue)…the issue around who will lead the Fed has contributed to strength in the dollar and some weakness in bullion…investors seem to be forgetting that higher interest rates favored by a hawkish candidate, while temporarily boosting the dollar, would also promote higher U.S. budget deficits which historically has been Gold-bullish (increased interest costs on the debt helped push the deficit to $666 billion in the fiscal year ended September 30, the 6th highest on record and up 14% from fiscal 2016)…Gold may respond very well to tax cuts and higher interest payments on U.S. debt next year as both could accelerate the deficit trend…

2. Russia’s central bank last month purchased the most Gold in nearly a year, according to Commerzbank. “By its own account, the Russian Central Bank (CBR) topped up its Gold reserves by 1.1 million to 57.2 million ounces in September. As such, the CBR purchased a good 34 tonnes of Gold last month. According to the World Gold Council, the CBR bought 129 tonnes of Gold in total in the first 8 months of the year. Thus the September purchases reported by the CBR were the highest since October 2016.”

3. Copper is trading at near 3-year highs while Nickel is just a dime short of its late summer high, its best level since mid-2015, following strong readings on the Chinese economy and a healthy global backdrop…investors continue to monitor the Chinese Communist Party Congress which concludes this week for possible hints about the country’s future economic policies..

4. Crude Oil remains firm as top exporter Saudi Arabia repeated today that it’s determined to end a supply glut while prices are also drawing support from forecasts of a further drop in U.S. Crude inventories…the Saudi energy minister today said the focus remains on reducing Oil stocks in industrialized countries to their 5-year average and he raised the prospect of prolonged output restraint once an OPEC-led supply-cutting pact ends…meanwhile, the disruption to exports from Iraq, the 2nd-largest producer in OPEC, has also encouraged the bulls and should aid the cartel’s already high compliance with the cutback agreement…Iraqi pro-government paramilitaries today launched an offensive against Kurdish troops near the Turkish frontier, pushing towards a strategic border crossing and Oil export pipeline hub that Baghdad says must come under its control…nothing like a Middle flare-up to keep Oil prices healthy…

5. The Dow rose sharply at the open on the back of strong quarterly results from 3M and Caterpillar…as of 7:00 am Pacific, the Dow is up 153 points…the TSX has added 37 points in early trading…the federal government will unveil a budget update widely expected to show shrinking short-term deficits as beleaguered Finance Minister Bill Morneau looks to turn the page on questions about his own finances…Morneau will deliver his Fall Economic Statement immediately after markets close today…the mid-year update to the March budget will reflect the improving picture for government finances, driven by surprisingly strong growth…over the past 4 quarters, the economy expanded by an average of 3.7%, the best performance in a decade…the Venture is steady at 785 as of 7:00 am Pacific…yesterday’s volume leader, Leonovus (LTV, TSX-V), is trading heavily again this morning, easing off 2 pennies to 38 cents after an apparent breakout above Fib. resistance at 35 cents…meanwhile, Fintech Select (FTEC, TSX-V) is pushing higher on strong volume after just announcing that is has completed API integration for cryptocurrency capability for the company’s existing point-of-sale (POS) infrastructure…3 weeks ago FTEC entered into a letter of intent (LOI) with Canadian Bitcoins, a national cryptocurrency dealer…the terms spelled out in the definitive agreement will form the basis for a national rollout of POS cryptocurrency purchasing and selling capability…

6. PyroGenesis Canada (PYR, TSX-V) is up another 3 pennies to 71 cents after a strong move yesterday when the company announced that it has successfully completed the ramp-up phase of its first plasma automization process…6 non-disclosure agreements have been signed with distributors and 3D printer manufacturers…3 NDA’s are being negotiated with multinational aircraft engine manufacturers…an exclusive distributorship is under negotiation in Asia…6 sample orders have been received for metal powder, 5 of which have been delivered, and the company says it has developed new and potentially “game changing” intellectual property…

7. Hive Blockchain Technologies (HIVE, TSX-V) hit a new high of $3.74 intra-day yesterday and traded up to $3.71 in early trading today on continued robust volume after the company announced yesterday that it entered into a legally binding letter agreement with its largest shareholder, Genesis Mining Ltd., under which the company will finance the construction of a cryptocurrency mining data centre in Sweden…the Sweden Data Centre will be a newly constructed GPU mining facility with an anticipated completion date of December 2017…the company’s cryptocurrency mining capacity or hashpower is expected to increase by approximately 175% with this addition…the Sweden Data Centre will be constructed by Genesis for consideration of an estimated $22 million (U.S.)…as part of an agreement between the company and Genesis, the latter will be responsible for hosting, maintenance and related services for the Data Centre for a monthly fee…

The Template For The Next 10% Move In Garibaldi Resources

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember