BullMarketRun.com

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

1. Gold has traded between $1,276 and $1,283 so far today after back-to-back volatile sessions…as of 7:00 am Pacific, the yellow metal has added $5 an ounce to $1,281…despite yesterday’s plunge, momentum has been slowly creeping into the Gold market over the last couple of weeks and hedge funds have raised their net long positions, but $1,300 nonetheless represents a significant wall of resistance…Silver is up 15 cents at $17.00…Copper and Nickel have added 4 pennies each to $3.12 and $5.29, respectively…Crude Oil is up 31 cents to $56.73 while the U.S. Dollar Index has fallen slightly to 93.98…

2. The remonetization of Gold has taken a significant step forward as a new fintech start-up now allows people to buy products through a Gold-backed credit card…Glint, a new app that launched today in the UK, offers payment services using Gold…in partnership with MasterCard and Lloyds Bank, Glint users can load credit onto their account and use it to buy a portion of a Gold bar to store their money…users can then send money and Gold to others with the app and use a Glint debit card to make payments in a variety of currencies, and Gold, at interbank exchange rates…physical Gold holdings are allocated to the owner and held in an independent and insured vault in Switzerland…Glint, which is regulated by the UK’s Financial Conduct Authority, plans to expand into Europe and Asia next year…the app currently supports the British pound and Gold, with more currencies to come…

3. The global Platinum market deficit will rise sharply next year thanks to resurgent demand from the jewellery and industrial sectors and declining production, an industry report said today…the shortfall will jump to 275,000 ounces from an expected 15,000 ounces this year, the World Platinum Investment Council (WPIC) said in its latest Platinum Quarterly Report…that would put the industry in deficit for a 6th consecutive year and cut above-ground stocks to 1.605 million ounces by the end of 2018, said the WPIC, which is funded by Platinum mining companies.  “For 5 years these stocks have been feeding deficits…it does appear the Platinum market is much tighter than it’s ever been in the last 5 or 6 years,” said the WPIC…Platinum prices have climbed 5% this year, lagging Palladium, after hitting a more than 7-year low in 2016…Palladium has soared 45% in 2017 and became more expensive than Platinum in September for the first time since 2001…

4. Shares in technology companies are outpacing other sectors this year by the widest margin since the height of the dot-com era, with a handful of key players dictating how markets are performing around the world…just 8 companies – Facebook, Apple, Amazon.com, Netflix, Alphabet, Baidu, Alibaba and Tencent – have increased by $1.4 trillion in market cap in 2017, a sum roughly equivalent to the combined annual GDP of Spain and Portugal…as the tech sector has become bigger and more influential within global stock indexes, its ascent has helped take U.S. and Asian emerging stock markets to record highs – but countries with less tech-heavy markets (Canada, Australia and Europe) haven’t fared as well…

5. According to a Goldman Sachs‘ forecast this morning, U.S. equity markets are in for another strong year in 2018 as long as Congress is able to pass tax reform…the firm predicts the S&P 500 will close next year around 2,850, a healthy 10.4% gain from yesterday’s close, assuming tax reform is passed.  “Our ‘rational exuberance’ rests on a combination of above-trend U.S. and global economic growth, low albeit slowly rising interest rates, and profit growth aided by corporate tax reform likely to be adopted by early next year.”

6. U.S. stocks opened strongly higher this morning as investors cheered robust quarterly results from top companies in corporate America…the Dow jumped more than 100 points at the open and has expanded on those gains through the first 30 minutes of trading…the NASDAQ is up even more sharply in percentage terms as of 7:00 am Pacific…in Toronto, the TSX has climbed 77 points while the Venture has edged 1 point higher to 795 after backing off again yesterday from notable resistance in the very low 800’s…Datametrex AI (DM, TSX-V) has closed an over-subscribed private placement for nearly $6 million and has also completed its purchase of privately-held Nexalogy Environics, a business intelligence and data analysis software provider to government agencies and Fortune 500 corporations…DM backed off to strong new support at 17.5 cents during the first half hour of trading but has rebounded to 20.5 cents as of 7:00 am Pacific…Fiji’s Minister of Mines has approved the grant of the new Navilawa special prospecting licence (SPL 1412) adjoining Lion One Metals‘ (LIO, TSX-V) fully permitted high-grade underground Tuvatu Gold Project…the company, with $25 million cash in the bank, now holds over 200 sq. km of prospective ground in one contiguous exploration license area with a 385 hectare mining lease near its epicentre at Tuvatu…on the CSE, the ever-volatile Cannabix Technologies (BLO, CSE) has built on yesterday’s gains in early trading after the company announced pre-market yesterday that it had increased its previously announced bought deal private placement to just over $4 million…

7. Fintech Select (FTEC, TSX-V) is up modestly in early trading after announcing that it has filed a patent application for its propriety POS (point of sale) cryptocurrency platform…the company believes that it’s POS Cryptocurrency exchange platform carries competitive advantages when compared to Bitcoin ATM’s and regular online exchanges and thus has taken action to protect its proprietary process in the marketplace…unlike other platforms that can only print vouchers or use high fees to transact through ATM’s, the company says its Selectcoin platform interconnects a merchant’s POS system with an exclusive closed loop card and digital wallet in a seamless eco-system…Fintech Select will be updating the market shortly on the official soft launch of the Selectcoin platform and the active locations for the launch phase.  “We are thrilled with the execution of the entire team during this pivotal time for the company and truly believe that the patent filing will create a long-term revenue stream and return value to shareholders while simultaneously highlighting and strengthening our market leading offering,” stated President and CEO Mohammad Abuleil…chart shows excellent support in the low 30’s…

The Template For The Next 10% Move In Garibaldi Resources

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The Nickel Mountain Magma Highway

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

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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 out Daniel’s Den later today and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,284 and $1,294 so far today…as of 7:00 am Pacific, the yellow metal has retreated $7 an ounce to $1,286 after Friday’s surge…momentum has been creeping into the Gold market over the last couple of weeks and hedge funds have raised their net long positions, but $1,300 represents a significant wall of resistance…Silver has slipped 26 cents to $17.02…Copper is steady at $3.06 while Nickel is up slightly at $5.24…Crude Oil is 53 cents lower at $56.02 while the U.S. Dollar Index has declined one-fifth of a point to $93.90…efforts to form a 3-way coalition government in Germany have failed, raising prospects for new elections…according to Commerzbank, “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history.  So far, it is not clear what effects this will have on future politics in Germany, or on European politics. Gold is therefore likely to remain in good demand as a safe haven.”

2. The U.S. economy continues to perform well…leading indicators rose by 1.2% in October, twice as much as the 0.6% increase expected by economists…the index “suggests that solid growth in the U.S. economy will continue through the holiday season and into the new year,” the Conference Board stated…

3. In the last major regulatory hurdle facing project operator TransCanada Corp., Nebraska regulators are set to decide today whether to approve or deny an in-state route for the proposed Keystone XL Pipeline…the Nebraska Public Service Commission’s ruling is on the Nebraska route TransCanada has proposed to complete the $8 billion, 1,179-mile pipeline to deliver Oil from Alberta to Texas Gulf Coast refineries…the proposed Keystone XL route would cross parts of Montana, South Dakota and most of Nebraska to Steele City, Nebraska…

4. Reflecting some of the uncertainty brewing over the possible outcome of OPEC’s upcoming meeting, money managers in the Brent market trimmed their net long position for the first time in a month…they also built up short positions more than at any time since late June…in the United States, the number of rigs drilling for new Oil production remained unchanged in the week to November 17, at 738, according to Friday’s data from Oil services firm Baker Hughes…

5. The Dow has gained 59 points after 30 minutes of trading…this will be a short week for Wall Street as U.S. markets will be closed Thursday in observance of the Thanksgiving holiday…trading volumes usually drop during shortened trading weeks, opening up the door for increased volatility…in Toronto, the TSX is flat at 15,998 while the Venture has added a point to 800 after briefly touching 806…key resistance is in the very low 800’s…Cannabix Technologies (BLO, CSE) has increased its previously announced bought deal private placement with Cormark Securities to $4,025,000….the underwriter has agreed to purchase 3.5 million units of BLO at a price of $1.15 per unit…

6. Garibaldi Resources (GGI, TSX-V) has cut what appears to be exceptionally rich Nickel-Copper massive sulphides in a new discovery zone east of the historic E&L deposit at Nickel Mountain in the Eskay Camp…downhole geophysics has been guiding geologists toward pools of massive sulphides which in turn will be the trail into the feeder zone of the first Nickel-Copper-rich sulphide system in the entire Golden Triangle, just 11 miles southwest of the hugely rich Eskay Creek mine…GGI’s Discovery Hole 14 has cut 16.7 m of continuous massive sulphides (assays pending) beginning at a depth of 123.7 m in a hole collared 200 m east of the historic deposit and drilled back toward the west…since another hole near EL-17–14 cut 7.2% Nickel and 3.4% Copper in 4.8 m in massive sulphides within a much broader interval, it’s believed the grades in the EL-17–14 massive sulphide intercept will be similar (in excess of 7% Nickel and 3% Copper)…the hole was completed to a depth of 252 m, so there are likely other intervals of mineralization that will also broaden the Discovery Hole intercept…the tenor of the sulphide at Nickel Mountain is now believed to be at the high end of the previously estimated range…in addition, initial analysis shows that Nickel Mountain mineralization has a low pyrryhotite to Nickel ratio and contains no significant deleterious elements, meaning the Nickel sulphide is potentially of very high quality for processing purposes…in short, the GGI Discovery Hole at Nickel Mountain compares very favorably to Diamond Fields’ discovery hole (#2) at Voisey’s Bay, almost exactly 23 years ago, which cut about 40 m of just under 3% Nickel…GGI traded as high as $5.05 shortly after the open but has since pulled back on profit taking and a typical knee-jerk “sell on news” reaction of traders…

7. Marathon Gold (MOZ, TSX) is unchanged in early trading after releasing fresh drill results from its 100%-owned Valentine Lake Gold Camp in central Newfoundland…drill holes MA-17–226 and MA-17–230 intersected wide intervals of continuous Gold mineralization down through the en-echelon stacked QTP-Au veining of the 50 to 125-m wide, sub-vertical main zone corridor of the Marathon deposit…hole MA-17–235 also returned 4.8 m @ 11 g/t Au within a broader interval of 28.8 m grading 3.4 g/t…the new drill results will be incorporated into the Valentine Lake property-wide resource update to be released within the next 2 weeks…the drilling will also form the basis for the PEA expected to be completed in Q2 of 2018…to date, Marathon has released the results of 52% of its current planned 60,000-m drill campaign…future drilling at Marathon will focus on resource expansion and upgrade including infill drilling in the upper open-pit as well as underground regions of the deposit, step-out drilling to the southwest along strike to further expand the open-pit, and hanging and footwall drilling aimed at reducing waste in the resource pit shell…

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

The Venture once again dances on the edge of a key potential breakout – is a catalyst just around the corner?…