BullMarketRun.com

Check for a potential additional post later today and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,276 and $1,290 so far today…as of 7:00 am Pacific, the metal is up $7 an ounce at $1,287 after bouncing off nearest support at $1,280…Silver has added 5 cents to $17.02…Copper and Nickel are both relatively unchanged at $3.14 and $5.27, respectively…Crude Oil has slipped 75 cents to $51.29 while the U.S. Dollar Index has fallen one-third of a point to 93.13…the Catalonia crisis is threatening to overshadow a 2-day EU summit in Brussels attended by Spanish Prime Minister Mariano Rajoy…he arrived at the gathering today as his government locks horns with Catalonia, a wealthy region in northeastern Spain which is threatening to go ahead with a formal declaration of independence…

2. Long-term positive for Gold – India has taken another step toward formalizing its Gold trade by launching the country’s first-ever Gold options contract on the Multi Commodity Exchange (MCX).  “The more (the Gold trade) is formalized, the better it is for consumers, jewelers and those trading,” stated Arun Jaitley, the country’s Finance Minister…

3. The index of leading U.S. economic indicators fell 0.2% in September, marking the first drop in 12 months…a measure of current conditions rose 0.1%, but a “lagging” index slipped by 0.1%…the decline stemmed partly from the “temporary impact of the recent hurricanes,” said Ataman Ozyildirim of the Conference Board, the privately run publisher of the report…slower construction in the South and a temporary spike in people being unable to work were the biggest sources of weakness…a stretch of land from Florida to Texas was hit hard by the storms…the LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys…meanwhile, the Philadelphia Federal Reserve issued stronger-than-expected manufacturing data this morning while U.S. weekly jobless claims fell to their lowest level since 1973…

4. U.S. equities are under mild pressure in early trading following a record-setting session in which the Dow closed above 23,000 for the first time…today marks the 30th anniversary of Black Monday when the Dow dropped a record 22.6%…the TSX is up slightly while the Venture is off 1 point at 784…very strong Venture support exists in the high 770’s..

5. Cornerstone Metals (CCC, TSX-V) has completed a $1.1 million financing at 14 cents...CCC is an emerging Vanadium play in Nevada with only 19 million shares outstanding, even after this private placement…the company’s Carlin Vanadium deposit was discovered in the 1960’s by Union Carbide which completed surface mapping, trenching and 152 rotary drill holes in 11,133 m of drilling…Paul Cowley, President and CEO, commented, “As Vanadium plays an increasingly important role as a component of batteries used in the renewable energy industry, the Carlin Vanadium deposit with its apparent size, grade and location provides our company with a unique and strategic entry into this promising sector.”

6. Keep an eye on this one – Titan Mining Corp. (TI, TSX) has closed its IPO of 35.75 million common shares at a price of $1.40 per share for total gross proceeds of just over $50 million…Titan is a Canadian-based Zinc exploration and development company with its principal asset being the Empire State mine, a high-grade, fully permitted Zinc project in New York that has been on care and maintenance since 2008…

7. First Cobalt (FCC, TSX-V) announced this morning that it has joined the Mineral Exploration Research Centre (MERC) and is participating in a pioneering research initiative called Metal Earth through a series of seismic lines in the northern Ontario Cobalt district…the results of this research could be a key step toward understanding the regional structural controls of the Cobalt embayment and identifying major structures that may be associated with mineralization in the southern part of the Cobalt Camp.  Trent Mell, President and CEO, commented, “Innovation and research in exploration techniques are an essential part of our strategy to revive a historic mining district. MERC is one of the leading centers in the world for ore deposit research and, through this partnership, we will expand our own geologic knowledge and contribute to the broader scientific community. By participating in the Metal Earth initiative, we hope to gain a better understanding of the Cobalt-Silver mineralization controls which will in turn help us develop future exploration programs in the Cobalt Camp.”

The Template For The Next 10% Move In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

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

How To Bring A Junior Resource Market To Life!

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

Check back later today for Daniel’s Den and visit the BMR comments section for updates and helpful information.

1. Gold has traded between $1,276 and $1,288 so far today, trimming its loss to $5 an ounce at $1,280 as of 7:00 am Pacific…technical support exists at $1,280…immediately below that are the rising 100 and 200-day moving averages (SMA’s) at $1,275 and $1,257, respectively…Silver is off slightly at $16.95…Copper is unchanged at $3.17 while Nickel has added 3 pennies to $5.33…Crude Oil has jumped 35 cents to $52.23 while the U.S. Dollar Index has gained more than one-tenth of a point to 93.62…on the geopolitical front, U.S.-backed forces have captured ISIS’ de faco capital of Raqqa, ending a 4-month battle and driving the Islamic extremists from a Syrian city that became synonymous with their reign of terror and was used as a nerve center to stage attacks on the West…however, new regional problems have surfaced with tensions building in northern Iraq that threaten to disrupt Oil flows…

2. OPEC members are reportedly forming a consensus around extending their production cutting deal with other Crude exporters by 9 months…prolonging the agreement among OPEC, Russia and other Oil producing nations to keep 1.8 million barrels a day off the market through all of next year would help put a floor under prices…sources told Reuters that OPEC may not agree to the extension at its next policy meeting in November….instead, the cartel may wait until early next year to make a final decision…meanwhile, U.S. commercial Crude inventories fell by a more-than-expected 5.7 million barrels last week, the Energy Information Administration reported just moments ago…analysts in a Reuters poll had expected a decrease of 4.2 million barrels…inventories have seen large swings since late August when Hurricane Harvey disrupted refinery processing in Texas and Louisiana…

3. Potential U.S. interest rate hikes have not been fully priced in for next year, a situation that could change significantly depending on President’s Trump’s decision regarding who will lead the Fed after January…the President reportedly has a pool of 5 candidates to choose from for the next chair of the Fed and is likely to announce his choice before going to Asia in early November…a slim majority of economists in a Reuters poll believe Jerome Powell, a former investment banker and a member of the Fed Board of Governors, will be the next Federal Reserve chairman, but most of them said current chair Janet Yellen would be the best option…Powell represents change but with some continuity…

4. Chinese President Xi Jinpin today heralded the dawn of a “new era” of Chinese politics and power at the start of an historic Communist Party Congress celebrating the end of his first term in office…he urged the government to play a greater role in the economy, while reiterating the market’s “decisive” role.  “We should endeavor to develop an economy with more effective market mechanisms, dynamic micro-entities, and sound macro-regulation,” said the Chinese leader who offered no major surprises in his 3-and-a-half hour long speech at the opening of the 19th Congress…the government will “promote strengthening, improvement and expansion of state capital, (and) effectively prevent loss of state assets, deepen reform of state-owned enterprises, further develop a mixed-ownership economy and cultivate globally competitive world-class firms,” Xi stated…the once-every-5-years event is an exercise in the election of leadership ranks in China that will culminate in the membership set-up of the Politburo Standing Committee…that top echelon of power will be announced next week…Xi is expected to consolidate his power and extend his term…

5. The Dow has surged through the 23,000 barrier in early trading, adding 119 points for a new record high as of 7:00 am Pacific…ironically, tomorrow is the 30th anniversary of Black Monday when the Dow dropped a record 22.6%…markets around the world have been steadily climbing in recent weeks with major benchmarks in the U.S., Europe and Asia touching record or multi-year highs…data has continued to show a robust global economy, while the start of 3rd quarter earnings has helped confirm the health of the corporate sector…Canadian markets remain more subdued…the TSX is 31 points higher while the Venture is off a point at 790, potential new support, as of 7:00 am Pacific…this is the time in the Venture’s bull market cycle when confirmation of a major new discovery can suddenly kick-start the junior sector, and Nickel Mountain in the heart of the Eskay Camp has to be viewed as the leading candidate to provide that spark…

6. A new Golden Triangle play, Goliath Resources (GOT, TSX-V), has commenced trading on the Venture with the ticker symbol GOT…the company, which has 60 million shares outstanding, has completed the previously announced acquisition of Goliath Resources by way of a 3-cornered amalgamation…the J2 Syndicate is GOT’s exploration program manager…the J2S team team includes members of the original group that generated, prospected and staked the Coffee Creek claims in 1998 that later turned into a 5-million ounce Gold deposit (Kaminak discovery) that was bought out by Goldcorp (G, TSX)…

7.  The CSE’s approach to marijuana listings continues to differ sharply from the stance of the TSX and the Venture…the CSE insists that its marijuana listings comply with state law where they operate and that they tell investors about the legal backlash they could face by earning revenue tied to a drug that is illegal under U.S. federal law…the TMX, however, is not allowing cannabis companies that could violate U.S. federal law to list on the TSX or the Venture, and has initiated a review of existing issuers to determine if any should be delisted…issuers removed from the TSX or the Venture may be able to find a new home on the CSE. “We obviously have a starkly different opinion when it comes to this space,” said Richard Carleton, CEO of CNSX Markets which runs the CSE. “This is clearly one of the biggest growth spaces in the public capital markets. We are ready and willing to work with these companies.”

The Template For The Next 10% Move In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

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

How To Bring A Junior Resource Market To Life!

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

Check back later today for a possible additional post and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,283 and $1,293 so far today, pressured by an advancing U.S. dollar…as of 7:00 am Pacific, bullion is off $11 an ounce at $1,283…to gain momentum above $1,300 an ounce, Gold probably needs softer U.S. economic data and signs that the Federal Reserve is becoming more dovish, according to TD Securities…Silver has slipped 18 cents to $17.02…Copper and Nickel are off slightly after big moves in recent sessions…Copper is at $3.18 while Nickel is at $5.29…Crude Oil continues to be firmly bid on increased tensions in the Middle East…WTIC is up 5 cents at $52.06…the U.S. Dollar Index has added one-third of a point to 93.65…

2. Reports that President Trump is favoring policy hawk John Taylor as the next head of the Fed is pushing the dollar higher and lifting U.S. Treasury yields…Taylor, a Stanford economist, is seen as more likely to raise rates than Janet Yellen…Trump is scheduled to meet with Yellen on Thursday…it’s possible the President could grant her a new term but it seems likely the “change maker” will opt for change…

3. As Gold once again fell below the key psychological level of $1,300, one respected precious metals expert remains optimistic, saying the metal could hit new all-time highs by 2020.  “By 2020–2022 we would see record high Gold prices in terms of nominal annual average prices,” stated Jeff Christian, the managing director of CPM Group, in an interview with Macro Voices. “For the annual average price to be $1,650 or $1,700, that means that you’re going to have Gold prices knocking on the door of $2,000.  Over the next few months the price is probably going to move back up toward $1,340 to $1,360 – into late November and December,” Christian said. “Then getting into 2018, depending on what happens in the global financial markets, we think that the Gold price will probably continue to rise at perhaps a slightly faster rate than it has risen in the last couple of years.”

4. The Dow came within less than 1 point of 23,000 in early trading, buoyed by strong quarterly results from Goldman Sachs and UnitedHeath Group…as of 7:00 am Pacific, the 30-stock index is up 15 points…in Toronto, the TSX has added 36 points while the Venture is off 2 points at 790…strategic investors are putting $10 million into Garibaldi Resources (GGI, TSX-V) as drilling continues at GGI’s Nickel Mountain discovery 11 miles from Eskay Creek…the fully-subscribed private placement at $3.15 per unit (all hard dollars) is expected to close shortly…HIVE Blockchain Technologies (HIVE, TSX-V) is trading at new highs, up 20 cents at $3.18 as of 7:00 am Pacific, while Calyx Bio-Venture (CYX, TSX-V) – yesterday’s Venture volume leader and another blockchain play with a bullish chart – is off a penny at 11 cents…Aphria (APH, TSX), continuing to expand its geographic footprint in Canada, has arranged an $80 million bought deal financing (11 million shares at a price of $7.25 per share)…

5. First Cobalt (FCC, TSX-V) is pushing higher in early trading after announcing that it has expanded its drill program in the northern Ontario Cobalt Camp by 2,000 m to follow up on high-grade Cobalt assays from a sampling program at the former Bellellen mine…the 2017 program is now expected to continue into December…disseminated and fracture-controlled mineralization styles containing Cobalt suggest a broad hydrothermal system occurs at Bellellen, requiring further study…20 drill holes will range from 50 m to 150 m in length to target near-surface areas around known veins to test if disseminated Cobalt mineralization occurs as a halo…Trent Mell, President & CEO, commented: “Bellellen has quickly emerged as a priority target for First Cobalt. These additional meters are intended to advance our understanding of the controlling structures in this area, which differ from what we have seen at Keeley-Frontier. As it is still early in our understanding of the Camp, we are looking forward to the results of this focused program.”

6. Eastmain Resources (ER, TSX) and Azimut Exploration (AZM, TSX-V) have discovered a high-grade Gold-bearing vein system on the Eleonore South JV Property in the James Bay region of Quebec…the surface discovery is the result of a continued focus within the property’s prospective exploration corridor since mid-2016 and is situated 15 km SE of Goldcorp’s (G, TSX) Eleonore Gold mine…the discovery was confirmed at surface by extensive mapping and channel sampling at the Moni prospect after overburden stripping, and at depth by drill hole ES16–48 (8.9 g/t Au over 2.5 m as reported in late November 2016)…a 6 m wide vein system was exposed along a 36 m NE-SW strike length with channel sampling returning consistent high-grade results including 79.5 g/t Au over 5.9 m…another vein, located about 15 m SE, returned 47.1 g/t Au over 7.7 m and 35.6 g/t Au over 1.35 m…the channel sampling is part of the $3.9 million 2017–2018 exploration program which includes 8,000 m of diamond drilling, geochemical and geophysical exploration and prospecting…Phase 1 drilling is complete with assays pending on 18 holes…Phase 2 is planned for January to March 2018, and will be informed by drill results from Phase 1 drilling as well as the new discovery at the Moni prospect…

7. Osisko Gold Royalties (OR, TSX) is thinking big – the company has entered into a $260 million bought deal (convertible unsecured debentures) with a syndicate of underwriters co-led by National Bank Financial, BMO Capital Markets and Desjardins Capital Markets…the net proceeds from the offering will be used to finance the acquisition of more precious metal royalties and streams…Osisko Gold Royalties is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014…it holds a North American-focused portfolio of over 130 royalties, streams and precious metal off-takes anchored by several cornerstone assets including a 5% NSR on the Canadian Malartic mine…

The Template For The Next 10% Move In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

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

How To Bring A Junior Resource Market To Life!

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