5. Oil prices continue to push higher following yesterday’s agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to further reduce the global Oil glut…OPEC and some non-OPEC producers led by Russia have agreed to keep current limits on output in place until the end of next year, although they signaled a possible early exit from the deal should prices rises too much…the CEO of Russia’s top private producer Lukoil told Reuters that should the Oil market overheat, both OPEC and its allies will release new production to rebalance it…the Oil market is unlikely to overheat, he added, thanks to cooperation between OPEC and its allies which would allow them to release new output…meanwhile, there is also rising U.S. production which has been a thorn in OPEC’s side, undermining the impact of its output curbs…U.S. Oil production hit a new record of 9.68 million bpd last week, according to government data released this week…
December 4, 2017
7 @ 7:00
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 $1,270 and $1,278 so far today…as of 7:00 am Pacific, Gold is off $5 an ounce at $1,275…investors piled into Gold-backed exchange-traded funds at the end of last week, buying large quantities of the metal on Friday…Gold ETFs tracked by Bloomberg recorded inflows of 12.6 tonnes, the highest in 3 months…Silver is down 13 cents at $16.29…Copper is flat at $3.08 while Nickel has added 2 pennies to $5.13 as Chinese steel futures touched 3-month highs overnight…Crude Oil has retreated 64 cents a barrel to $57.72 while the U.S. Dollar Index is up one-tenth of a point at 93.28…South Korea and the United States launched their largest-ever joint aerial drills today, a week after North Korea said it had tested its most advanced missile as part of a weapons program that has further heightened global tensions…
2. Big news in the health care sector today…CVS Health (CVS, NYSE) is buying Aetna (AET, NYSE) for nearly $70 billion (U.S.), creating a health care giant that will have a hand in everything from insurance to the corner drugstore…CVS will play $207 (U.S.) a share for Aetna, with $145 a share in cash and the rest in stock, the companies reported yesterday…that’s a 29% premium to Aetna’s share price on October 25, the day before the companies were reported to be in talks…the deal is among the biggest health care mergers of the past decade, combining the largest U.S. drugstore chain with the 3rd-largest health insurer…it also comes as insurers are under pressure to lower medical costs, and retailers are under attack from new competitors including an increasingly powerful Amazon which threatens to enter the drug industry…the retail juggernaut has held preliminary talks with makers of generic drugs about its potential entry into the pharmacy space…
3. Continuing with the health care theme, Teladoc (TDOC, NYSE) – the world’s largest and most trusted provider of virtual care delivery services, and a BMR favorite since mid-2016 – has announced record growth of greater than 100% in the hospital and health system market…the company now supports more than 200 hospitals, more than doubling its total in 2017…with the industry’s only fully configurable solution backed by comprehensive operational support, Teladoc is successfully partnering with facilities across the United States to address diverse needs including increased financial pressure, requirements to improve care outcomes and changing consumer expectations. “Hospitals and health systems are under tremendous operating pressures, particularly as the industry shifts more toward value-based care and they seek to meet the care needs of new populations,” explained Alan Roga, M.D., President, health system market, Teladoc. “A significant strength and advantage of the Teladoc solution is that it is tailored specifically to support health systems as they expand and innovate their approach to care delivery.”
4. Venezuelan President Nicolas Maduro is looking to the world of digital currency to circumvent U.S.-led financial sanctions, announcing the launch of the “petro” backed by Oil reserves to shore up a collapsed socialist economy…in an address over the weekend, the leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that “the 21st century has arrived!”…he said “Venezuela will create a cryptocurrency” backed by Oil, gas, Gold and diamond reserves…the petro, he said, would help the country “advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade”…
5. Cboe Global Markets is leaping ahead of CME in an effort to become the first to launch bitcoin futures…Cboe announced this morning that it’s launching futures trading in the cryptocurrency beginning Sunday, Dec. 10, making the Chicago-based exchange the first to give investors a new way to wager on, and against, the booming new market. “Given the unprecedented interest in bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure,” stated Ed Tilly, Chairman and CEO of Cboe Global Markets…
6. U.S. stocks opened sharply higher this morning as investors cheered the Senate’s passing of a major tax bill over the weekend…in Toronto, the TSX is up just 25 points while the Venture has climbed 4 points to 793…Radient Technologies (RTI, TSX-V) is one of this morning’s early volume and price gain leaders after it was announced that Aurora Cannabis (ACB, TSX) will make a further investment of $12 million into the company…Calyx Bio-Ventures (CYX, TSX-V) has announced that its wholly-owned subsidiary, Canada Blockchain Hosting, is immediately expanding its newly-acquired cryptocurrency mining and blockchain data validation operation in Kamloops…CYX is also changing its name to “Calyx Ventures” to better reflect its new focus…Castle Silver Resources (CSR, TSX-V) surged to a new multi-year high Friday, breaking above key resistance, after reporting exceptional Cobalt assays ranging from 1.04% Co to 3.1% Co from an underground mini-bulk sample at its Castle mine near Gowganda, Ontario…more results are pending…CSR is up another penny-and-a-half at 31.5 cents through the first 30 minutes of trading…Cobalt prices are at new decade highs, slightly above $30 a pound…
7. Nemaska Lithium (NMX, TSX) has produced 1.5 tonnes of battery-grade Lithium hydroxide, made from Whabouchi spodumene concentrate, the company reported this morning…independent laboratory analyses confirm that the Lithium hydroxide produced from its Phase 1 Plant in Shawinigan, Quebec, meets the specifications of global cathode manufacturers globally…the Lithium hydroxide was derived from a 6.3% Li2O spodumene concentrate that was produced from a bulk sample taken from the Whabouchi mine earlier this year…approximately 1,100 tonnes of concentrate were produced…this concentrate will be converted during the coming months into Lithium hydroxide samples for customers globally to begin qualifying Nemaska Lithium’s products. “This is the first time a new entrant to the market has produced battery grade lithium hydroxide from ore to final product,” commented Guy Bourassa, President and CEO of Nemaska Lithium. “We are very pleased with the purity level of the Lithium hydroxide produced to date, and have verified that our product is at least of the same quality as lithium hydroxide currently sold to cathode manufacturers around the world. This is a major step forward for Nemaska Lithium as it confirms the quality of its product as well as the robustness of its electrochemical process.”
The Template For The Next 10% Move In Garibaldi Resources
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!
Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies
The Most Important Venture Development Since The New Bull Market Began
December 3, 2017
December 2, 2017
The Venture Week In Review And A Look Ahead
Nearly 20 years of historical Venture data provides a clear picture of increasing and stellar near-term opportunities for investors…
BMR subscribers have enjoyed market-trouncing returns in 2017 through our boots-on-the-ground research and unbeatable technical and fundamental analysis of speculative niche sectors.
If you’d like to know our service better, and receive a complimentary BMR eAlert in the near future for a top opportunity as a current non–BMR subscriber, simply click on the link below and follow the simple instructions.
To read the rest of today’s Week In Review And A Look Ahead, sign up NOW or login as a current subscriber with your username and password.
Questions for us? Email us at: [email protected].
December 1, 2017
7 @ 7:00
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 $1,272 and $1,279 so far today…as of 7:00 am Pacific, Gold is off $1 an ounce at $1,273…bullion traded between $1,265 and $1,300 throughout November, its narrowest monthly range in 12 years…such low volatility can often preceded major moves…Silver is off a dime at $16.31…Copper is flat at $3.06 while Nickel has reversed higher, adding 4 pennies to $5.09…Crude Oil has climbed another $1.26 a barrel to $58.66 following yesterday’s successful OPEC meeting while the U.S. Dollar Index is up one-tenth of a point at 93.14…
2. The Senate GOP bill, expected to pass in a vote that could occur later this morning, would add $1 trillion to U.S. debt even after accounting for economic growth generated by the tax cuts – that’s according to the Joint Committee on Taxation, a “nonpartisan” group of experts, who released their figures yesterday afternoon as lawmakers hotly debated the tax bill on the Senate floor…other groups, including right-leaning Tax Foundation and Koch Industries, put out statements questioning several of the assumptions in JCT’s modeling…one thing’s for sure, though – Washington still has a spending problem which means the current trend of rising federal deficits is going to continue (bullish for Gold)…
3. New York Fed President William Dudley, a voting member of the FOMC, sees no “irrational exuberance” in the equity markets: “This is an above-average economic environment, and in an above-average economic environment I would expect asset values would be above average as well,” he stated in an interview. While policy makers need to be “more alert to overheating in terms of the real economy,” Dudley says the financial system is also more resilient to shocks today than it was before the 2008 financial crisis…of course, Fed officials have been consistently wrong about inflation (or lack thereof) for several years now…
4. The U.S. Commodity Futures Trading Commission said this morning that it would allow two major Chicago exchanges to launch bitcoin futures…today’s announcement paves the way for the start of bitcoin futures on CME Group and Cboe Global Markets in the coming weeks – a potentially huge step in the evolution of the digital currency, making bitcoin easier for Wall Street banks and small investors alike…CME said its bitcoin futures would launch December 18…Cboe said it would shortly announce the start date for its new bitcoin contract…
6. After soaring nearly 700 points the last 3 sessions, the Dow is off slightly through the first 30 minutes of trading this morning…in Toronto, the TSX is down 22 points while the Venture is 1 point lower at 788…yesterday’s runaway volume and price gain leader Calyx Bio-Ventures (CYX, TSX-V) touched a new multi-year high of 42 cents in early trading following news yesterday regarding its cryptocurrency business…A.I.S. Resources (AIS, TSX-V) has commenced exploration activities in the Salar de Quiron (newly-acquired Chiron Project) in Salta, Argentina…the company has planned an intensive program of sampling, mapping, geophysics and drilling for the period December through March and plans to complete a NI-43-101 compliant study by the end of Q1…simultaneously, the company is also fast tracking its Guayatayoc Project to the north in the province of Jujuy…Metallis Resources (MTS, TSX-V) has named Dr. Abdul Razique as its Chief Geologist as MTS builds out its team in light of developments in the Eskay Camp’s new Nickel Corridor…First Cobalt (FCC, TSX-V) has closed its merger with Cobalt One…First Cobalt is now the largest land owner in the northern Ontario Cobalt Camp and owns the only Cobalt refinery in North America permitted to produce battery materials…First Cobalt issued 0.145 of a First Cobalt common share for each Cobalt One ordinary share…in conjunction with this transaction, the company has reconstituted its Board to include Paul Matysek, Bob Cross and Jason Bontempo…Trent Mell, President & CEO, commented: “Over a very short period we have created the largest Cobalt exploration company in the world, controlling almost half of what we believe may be the most prospective Cobalt district outside of the DRC. We intend to pursue an aggressive exploration program in 2018 while continuing to assess other growth opportunities.”
7. Datametrex AI (DM, TSX-V) has firmed up this morning on news that it has entered into a license and partnership agreement with ABC Solutions, a software and services provider for the public, finance and government sectors, to sell the AI platform and DataTap technology…ABC has number of key clients across the South Korean market and sees tremendous potential to capture data and provide key insight to decision makers of these organizations…ABC has a contract with the Korean Tourism Organization (KTO) for their Social Media Analysis, Marketing and Monitoring initiatives for the upcoming 2018 Winter Olympic Games where there will be tremendous amounts of social data to analyze…DM views this an ideal opportunity for ABC to introduce and implement Nexalogy AI solutions. “We are excited to work with ABC and deliver them cutting edge Business Intelligence technology to key clients across South Korea. There are a number of near-term opportunities that we are working on, and we see the accretive nature of this partnership moving rapidly,” said Andrew Ryu, Chairman and CEO of Datametrex AI…
The Template For The Next 10% Move In Garibaldi Resources
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!
Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies
The Most Important Venture Development Since The New Bull Market Began
-
-
-
-
Press "Reload" for fresh quote