BullMarketRun.com

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

1. Gold has traded between $1,240 and $1,248 so far today…the Federal Reserve is widely expected to raise short-term interest rates by a quarter percentage point in several hours following its 2-day policy meeting, the 5th such increase since the Fed began raising rates from near zero 2 years ago…keep in mind, the last 2 December (2016 and 2015) rate hikes proved very bullish for the Gold and metals markets…the central bank will release its statement and the forecasts at 11:00 am Pacific, followed by a Ma Yellen news conference beginning 30 minutes later…as of 7:00 am Pacific, the yellow metal is off $1 an ounce at $1,243…Silver has slipped 4 cents to $15.65…Copper and Nickel are up slightly at $3.03 and $5.02, respectively…Crude Oil has added 8 cents to $57.22 while the U.S. Dollar Index is down one-tenth of a point at 92.92…

2. U.S. consumer prices accelerated in November amid a rebound in gasoline prices, but declining health-care and apparel costs curbed underlying inflation pressures…the Labor Department said this morning that its Consumer Price Index increased 0.4% last month, in line with expectations, after edging up 0.1% in October…that raised the year-on-year increase in the CPI back to 2.2% from 2.0% in October…however, the so-called core CPI slowed to just 1.7% in November from 1.8% in October and that has to concern the Fed…

3. Canada’s inability to get new Oil pipelines built – thanks to climate change extremists and spineless, politically correct politicians – is a key reason Heavy Canadian Crude prices are now trading at a 3-year low against benchmark prices…it’s a disgrace…bottlenecks on existing pipelines and rail networks have crimped exports and Western Canadian inventories continue to pile up while a province like Quebec grabs cash from western taxpayers in “equalization” payments while demonizing Alberta’s Oil industry…it’s time for another Western Canadian Revolt…Canadian Crude’s discount to West Texas Intermediate futures has widened more than $10 (U.S.) since August as pipeline companies including Enbridge have rationed space amid high Western Canadian inventories…it’s a perfect storm of too much supply and not enough capacity…Canadian Oil needs to get to market but to “save the planet”, many Canadians would rather not see that happen…

4. WTIC prices are steady after industry data showed a larger-than-expected drawdown in U.S. Crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets…Britain’s biggest pipeline from its North Sea Oil and gas fields is likely to be shut for several weeks for repairs after cracks were found…this morning, its operator said it was still considering repair options and reiterated that any repairs would take several weeks…OPEC expects the world Oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess Oil in storage, even as the U.S. pumps more Crude…the Energy Information Administration reported yesterday in its monthly short-term energy outlook that U.S. Crude output will rise by 780,000 barrels per day to a record high of 10.02 million bpd in 2018…

5. The Dow is surging again this morning, up 77 points through the first 30 minutes of trading in its 5th straight winning session…in Toronto, the TSX has climbed 43 points while the Venture is up 1 point at 799 after briefly topping 800…it appears the Venture may have already put in its December low which would be a very bullish development going into year-end…Datametrex AI (DM, TSX-V), which has traded a minimum of 1 million shares per day for each of the last 30 sessions (just over 6 million per day average), is up 1.5 cents at 25 cents as of 7:00 am Pacific…DM continues to exhibit an exceptionally bullish technical posture…HIVE Blockchain Technologies (HIVE, TSX-V) announced this morning that it has entered into binding agreements with its strategic partner and major shareholder, Genesis Mining Ltd., to significantly expand the company’s digital currency mining operations in Sweden in 2018, including the addition of a large-scale Bitcoin mining facility…this major expansion will increase HIVE’s energy consumption dedicated to digital currency mining from a targeted 17.4 megawatts in March 2018, escalating to an expected 44.2 MW by September 2018…to finance the expansion, the company is carrying out a $100 million financing at $3.15 per share.  “The addition of Bitcoin mining capability further establishes HIVE as a leader in digital currency mining and diversifies our revenue with a highly liquid currency,” commented Harry Pokrandt, President and CEO of HIVE.  “Our new Bitcoin facility will be among the most energy-efficient and largest Bitcoin mining farms in Europe. This facility will complement our large-scale GPU-based facilities being built in Sweden and currently operating in Iceland, and allow us to diversify from mining GPU-driven consensus algorithms to also include SHA-256 consensus algorithms. Sweden, like Iceland, is an excellent jurisdiction for Hive with its abundant cheap electricity, good governance, and cool climate.”

6. Another company in a hot sector (cannabis) also announced a $100 million financing this morning…Aphria (APH, TSX) is doing a bought deal with a syndicate led by Clarus Securities…investors will purchase 7,272,740 shares of the company at a price of $13.75 per share…Cannabis-related companies in Canada have raised more than $2 billion so far this year as they lock down financing needed to serve the country’s coming recreational pot market, according to New York-based Viridian Capital Advisors…if only politicians in Canada would have the same kind of urgency in getting Oil to market as they do in getting pot to market…

7. Ivanhoe Mines (IVN, TSX) has released positive findings of an independent, pre-feasibility study for the planned redevelopment of the company’s historic, high-grade, Kipushi Zinc-Copper-Silver-Germanium mine in the DRC…the study anticipates annual production of an average of 381,000 tonnes of Zinc concentrate over an 11-year initial mine life at a total cash cost of approximately 48 cents (U.S.) per pound of Zinc…the PFS focuses on the initial mining of Kipushi’s Big Zinc Zone, which has an estimated 10.2 million tonnes of Measured and Indicated Mineral Resources grading a whopping 34.9% Zinc…the planned return to production would establish Kipushi as the world’s highest-grade major Zinc mine…its exceptional Zinc grade is more than twice as high as the Measured and Indicated Mineral Resources of the world’s next-highest-grade Zinc project, according to Wood Mackenzie, a leading, international industry research and consulting group…

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

1. Gold has traded between $1,240 and $1,247 so far today in advance of a Fed statement tomorrow that’s expected to include another interest rate hike, the 3rd of 2017…the Gold market responded very favorably to rate increases in both December 2016 and December 2015, so we’ll see if 2017 will turn into a “three-peat“…as of 7:00 am Pacific, the yellow metal is off $1 an ounce at $1,240…Silver has slipped 3 cents to $15.64…Copper is unchanged at $3.00 while Nickel is off modestly at $5.00…Cobalt continues to trade above a decade high $34…Crude Oil has added 20 cents to $57.79 while the U.S. Dollar Index has gained one-fifth of a point to 94.08…Goldman Sachs‘ analysts say they doubt that bitcoin is taking material investment flows away from the Gold market, citing regulatory hurdles for professional investors in bitcoin and the absence of outflows from Gold ETF’s…further, Goldman said in a report yesterday, the demand for bitcoin is mostly speculative, with total market capitalization still a small percentage of that for the Gold market…

2. Fed officials will be relieved to see this as they begin 2 days of meetings:  U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly 6 years…the fairly strong report from the Labor Department this morning suggested a broad acceleration in wholesale price pressures…the producer price index for final demand increased 0.4% last month, advancing by the same margin for 3 straight months…in the 12 months through November, the PPI shot up 3.1% – the biggest gain since January 2012…

3. Interesting report from CNBC this morning: Chamath Palihapitiya, who first bought bitcoin years ago at an average price of about $100, still believes the cryptocurrency has much further to go despite the monster rally this year. “I think this thing is a $100,000 a coin probably in the next 3 to 4 years. And I think it is in the next 20 years a million dollars a coin,” he said in an exclusive interview this morning with CNBC’s “Squawk Box”…the investor said he and two other friends in Silicon Valley at one point owned 5% of the entire float of bitcoin in 2013…his initial dollar cost average for his investment in the digital currency was $100, and he has sold some on the move higher…

4. The Dow is up 95 points through the first half hour of trading, boosted by gains in Boeing and Verizon…in Toronto, the TSX has inched 16 points higher while the Venture is flat at 793…common sense prevails in British Columbia as the new provincial government has decided to continue with the critical Site C Dam Project…Castle Silver Resources (CSR, TSX-V), having confirmed a technical breakout above key 2017 resistance in the high 20’s, touched a new multi-year high of 34 cents in early trading on the heels of more high-grade Cobalt results from its package of past producing mines in the northern Ontario Cobalt Camp…more results are pending and the company also plans a near-term name change to better reflect its focus on Cobalt which includes the proprietary Re-20X process that was originally developed in association with Canada’s National Research Council…HIVE Blockchain Technologies (HIVE, TSX-V) is one of the early trading leaders, up 35 cents at $3.48…Ascendant Resources (ASND, TSX-V) has reported its 5th consecutive month of positive adjusted EBITDA of $1.6-million at the El Mochito Zinc mine in Honduras…with strong operational and financial momentum, management says it’s confident that El Mochito is on a solid path to sustained profitability and expects to exit 2017 with positive free cash flow…on a calendar day basis, milled tonnes per day increased by 72% since January 2017, only 11 months after the company assumed ownership of the mine…

5. Skeena Resources (SKE, TSX-V) is up slightly in early trading after releasing encouraging results from the first 17 holes of its current 72-hole, 9,000-m underground drill program at the company’s flagship Snip Gold Project in the Eskay Camp, northwest of the new Nickel Corridor…highlights include drill hole UG17–013 which intersected 341 g/t Au over 1.50 m across a singular sample of mineralized 150 Vein…this intersection is located 15 m downdip of an historic 150 Vein stope and substantiates the historic data as it matches spatially the modeled 150 Vein which was interpreted solely from historical drilling…the historical Snip database that Skeena inherited from Barrick comprises 3,549 surface and underground drill holes totaling 280,000 m drilled between 1986–1999…the 17-year-old digital dataset was inherited without complete documentation to support drill hole locations or analytical results…as such, underground mine access is being used to verify the remnant zones derived from previous drill campaigns and the locations and extents of historical excavations and mined-out areas…

6. Orca Gold (ORG, TSX-V) has commenced drilling on the Morondo permit in Ivory Coast…Orca CEO Rick Clark stated, “Orca is now active in two prolific Gold environments in Africa, Sudan and Cote d’Ivoire. It is a busy time for the company with a 25,000-m drill program and feasibility study in process at our Block 14 Gold Project in Sudan and an initial drill campaign under way in Cote d’Ivoire. With ministerial approval now in hand for the portion of our transaction with Kinross that covers the Morondo permit, we are moving forward with closing the deal and are wasting no time getting back on the ground at Morondo to follow up on our initial discovery made in 2010. With positive results, we intend to fast-track Morondo towards resource definition in 2018. At the same time, early next year we will commence exploration and evaluation of our broad property portfolio in Cote d’Ivoire. We look forward to keeping the market informed as we move into the new year.”

7. It should come as no surprise that on a Sunday, 2 days ago, Ottawa released the 2018-2019 “equalization” payments for the country’s so-called “have-not” provinces…Canadian taxpayers with any common sense should be outraged that such an absurd socialist redistribution system continues to exist in this country, a scheme that effectively rewards failure and punishes success…western provinces, in particular, are consistently burdened with providing welfare to the east…Quebec, which prefers importing Middle Eastern Oil over Crude from Alberta, has no problem taking cash from Alberta or other western provinces…Quebec next year will receive a staggering $11.7 billion – once again by far the biggest payment from Ottawa (Canadian taxpayers)…that’s also a $700 million increase compared to last year…Ontario, meanwhile, will receive $960 million…the “have” provinces which won’t receive any funds through the program will once again be B.C., Alberta and Saskatchewan, along with Newfoundland and Labrador…what a messed-up country this is…the “equalization” formula is based on a 3-year average of economic growth but why such a scheme is accepted by Canadian taxpayers certainly helps explain why this country is underachieving economically…

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 throughout the day for updates and helpful information.

1. Gold has traded between $1,246 and $1,252 so far today as the Fed prepares to meet tomorrow with another rate hike expected Wednesday…as of 7:00 am Pacific, Gold is off $1 an ounce at $1,247…Silver has slid 9 cents to $15.73…Copper and Nickel are up slightly at $2.98 and $5.01, respectively…Crude Oil has added 22 cents to $57.63 while the U.S. Dollar Index has eased off one-tenth of a point to 93.80…the intense move into cryptocurrencies appears to be restraining Gold at the moment…cryptocurrencies in the market now represent nearly 25% of the liquid tradeable Gold, up from 2% or 3% just a year ago…contrarians will like the fact that hedge funds and money managers sharply reduced their net long positions in COMEX Gold and Silver contracts in the week to December 5, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC)…

2. Fresh bullishness came into the Oil market Friday on news that Chinese customs data showed Crude imports rose in November to over 9 million barrels a day, up from 7.3 million barrels a day the month before…the Chinese import data for November represents the 2nd-highest monthly figure on record…for the first 11 months of 2017, Crude imports rose by 12% year-over-year…consequently, China will supersede the U.S. as the world’s largest Crude importer this year…

3. Bitcoin futures eased back from an initial surge of almost 22% in an eagerly awaited U.S. market debut last night that backers hope will confer greater legitimacy on the volatile cryptocurrency and help expand its use…although bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside the U.S., the Chicago-based Cboe Global Markets’ launch marked the first time investors could get exposure to the market via a mainstream regulated exchange…just 2 hours after the 6:00 pm ET launch, the new futures had climbed 10%, triggering a 2-minute halt…by 10:05 pm ET, bitcoin futures had soared 20%, triggering a 5-minute trading halt…interest was so great in the new product, it initially appeared to be overloading Cboe’s website…

5. Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors on the cryptocurrency craze (usfunds.com): “Ironically, it’s regulators that have unintentionally created the current environment in which cryptocurrencies now thrive. Back in May, I shared with you the fact that the number of listed companies here in the U.S. fell by more than half between 1996 and 2016.  The addition of new financial rules and regulations, from Sarbanes-Oxley to Dodd-Frank, has encouraged more and more startups to avoid going public altogether, which is why we’re seeing an explosion right now in both stock prices – fewer listed companies means greater consolidation of fund flows into select stocks – and nontraditional methods of fundraising, from initial coin offerings (ICOs) to angel investing.”

6. The Dow is up 50 points through the first half hour of trading…in Toronto, the TSX has inched 17 points higher while the Venture is flat at 793… Fintech Select (FTEC, TSX-V) announced this morning that all the elements pertaining to the company’s SelectCoin cryptocurrency platform have been completed…the company says it has worked diligently over the past few weeks to conduct testing of the SelectCoin cryptocurrency platform, alongside the interconnected cryptocurrency exchange broker and the company’s point-of-sale gateway…a beta program will start in a few days using the closed loop cards to allow the company to test the SelectCoin platform within a controlled environment…another example of more money flowing into resource projects – Excelsior Mining (EXS, TSX-V) has announced a $26 million non-brokered private placement at $1 per share to raise proceeds to advance its Gunnison Copper Project in Arizona…

7. Cobalt prices continue to trade above decade high prices of $31 a pound, just one reason Cobalt-focused Castle Silver Resources (CSR, TSX-V) announced Friday that it will soon be proposing a name change for the company…CSR equaled a multi-year high of 32 cents Friday on news of very high-grade Cobalt assays from surface sampling at the past producing Beaver Silver mine near the town of Cobalt…CSR is the only junior in the northern Ontario Cobalt Camp with critical underground access…crews have been carrying out extensive sampling on the first level of the Castle mine (more results pending) where Cobalt veins were left untouched by Agnico Eagle when it extracted high-grade Silver in the 1980’s…CSR is also using its proprietary Re-20X process to develop Cobalt samples for evaluation by the Asian battery market…the result is that CSR has finally overcome a wall of resistance that has existed for the past 10 months in the high 20’s…

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

Based on 17 years of Venture trading history, there’s a 35% chance we’ve already seen the December low – found out why in tonight’s report…