BullMarketRun.com

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

1. Gold has traded between $1,521 and $1,533 so far today…as of 7:00 am Pacific, bullion is flat at $1,527…the yellow metal is headed for its biggest monthly gain in over 3 years as concerns about a slowdown in global growth and hopes for rate cuts by central banks worldwide boosted safe-haven bids…meanwhile, Silver is set for its biggest monthly advance since June 2016…Silver is up another 7 cents this morning at $18.31…the metal now has exceptional new support around $17 and a clear path to the $20 level…Nickel has exploded above $8 today to its best levels since December 2014 as supply concerns continue to dominate trading…Nickel is up a whopping 68 cents a pound to $8.15 (see below)…Copper, Zinc and Cobalt are steady at $2.58, $1.03 and $14.29, respectively…Platinum has enjoyed a big week, reaching its best levels in 16 months…Crude Oil is off 36 cents a barrel to $56.35 while the U.S. Dollar Index has declined slightly to 98.44…U.S. inflation remains muted, allowing the Fed plenty of room to cut rates…the Commerce Department reported this morning that its Core Personal Consumption Expenditures (PCE) Index increased by just 0.2% last month, below expectations of a 0.3% rise…annually, core inflation, which is the Fed’s preferred inflation measure, increased 1.6%, unchanged from June’s reading and below the Fed’s 2% target…

2. No U.S. recession anytime soon, despite the anti-Trump mainstream media’s desire for one:  U.S. households ramped up their spending in July, providing reassurance that the economy’s decade-long expansion continues to roll on even as manufacturing cools and global growth slows…personal-consumption expenditures, a measure of household spending, increased a seasonally adjusted 0.6% in July from June, a pickup from the previous 2 months…this continues a solid performance by the economy’s main driving force…spending gains bode well for 3rd quarter growth and the near-term economic outlook, helping counter risks including elevated trade uncertainty, trouble in over-regulated, over-taxed overseas economies, and a U.S. manufacturing sector that has cooled off somewhat…

3. Canada’s economy recorded a stronger-than-expected rebound in the 2nd quarter as exports recovered, but weak consumption and business investment cast doubts on the expansion’s sustainability…output grew at an annualized pace of 3.7% in the 3 months through June, Statistics Canada reported this morning, up from a paltry 0.5% increase in Q1…the rebound follows 2 straight quarters of hardly any growth…the underlying details, however, are less impressive…the rebound was driven by the fastest quarterly increase in exports since 2014, but growth in household consumption came to a near halt despite strong gains in incomes, and business investment shrank by the most in more than 2 years…as a result, domestic demand contracted in the 2nd quarter…

4. With all the talk about Gold and Silver these days, Nickel continues to shine the most among metals (up 60% this year) with another powerful move today taking it above $8 a pound to its highest level in nearly 5 years…major new development – key producer Indonesia just stated that it would ban the export of ore from December, a move the market has been anticipating but adds fresh fuel to Nickel’s bull market…Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he has signed a new regulation on restricting ore exports, according to a Reuters report…ore exports were originally banned in 2014 but were reopened for certain minerals in 2017 to give miners time to build smelters to process minerals such as Nickel, Copper and Bauxite…meanwhile, adding to supply concerns, a Nickel plant in Papua New Guinea is under investigation after a spill of waste into a local bay that has angered local residents and government officials…the premium for cash Nickel over the 3-month contract on the LME has spiked to a 10-year high of $99 a tonne, signalling tight nearby supply…traders report that Nickel is tight all the way out to June 2020 right now…Nickel inventories in LME-approved warehouses have edged up this month but are still hovering at a 6-year low…

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake 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

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

1. Gold has traded between $1,533 and $1,551 so far today…as of 7:00 am Pacific, bullion is flat at $1,539…the SPDR Gold Trust (GLD) is up nearly 9% this month while the iShares Silver Trust (SLV) has surged around 13%…Silver has climbed another 19 cents to $18.51…the metal now has a clear path to the $20 level…based on chart patterns, it’s highly unlikely Silver will drop below exceptional new support at $17…Nickel, remaining hot, has jumped 17 cents to $7.51 while Copper and Zinc are up slightly at $2.59 and $1.04, respectively…Cobalt remains steady at $14.29…Crude Oil has added 71 cents a barrel to $56.49 while the U.S. Dollar Index has gained one-fifth of a point to 98.39…U.S. economic growth in Q2 (2nd reading) was in line with expectations as the strongest growth in consumer spending in 4-and-a-half years was offset by declining exports and a smaller inventory build…GDP increased at a 2.0% annualized rate, the Commerce Department reported this morning…that was revised down slightly from the 2.1% pace estimated last month…the economy grew at a 3.1% clip in the January-March quarter…

2. China seems to be a little rattled by President Trump, which is a good thing if you’re a U.S. trade negotiator…a spokesman for China’s Ministry of Commerce said today that his country is willing to “calmly” resolve the trade dispute with the United States and is against any further escalation in tensions…“We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with a calm attitude,” stated Gao Feng, according to a CNBC translation of his Mandarin-language remarks…he noted that the Chinese and U.S. trade delegations have maintained “effective” communication…Feng’s remarks gave North American equities another boost today with the Dow surging at the open…President Trump then said in a Fox News Radio interview that the U.S. and China are set to have trade talks today “at a different level”, without elaborating on what “a different level” means…“Let’s see what the end product is; that’s what you have to judge it by,” Trump added…sounds like the President might be having direct discussions with his Chinese counterpart, Xi Jinping…

3. Nickel prices strengthened again today on signs of near-term tight supply on the London Metal Exchange…LME Nickel has jumped about 50% this year amid worries about supply disruption from top producer Indonesia…the premiums of LME cash Nickel over a 3-month contract rose to a decade-high of $97 a tonne, indicating a shortage of nearby supply…1 party holds 50% to 80% of available LME inventories, data showed…meanwhile, a Nickel processing plant owned by Metallurgical Corp of China (MCC) that spilled mine waste into Papua New Guinea’s Basamuk Bay faces compensation claims and possibly closure, the head of the country’s mining authority said today…MCC’s Ramu Nickel plant located in Madang, on the country’s northeastern coast, spilled waste into the bay which caused the surrounding ocean to turn red and left a muddy residue on the rocky shoreline, according to locals and photographs of the incident…MCC’s Basamuk Bay plant produces a mixed Nickel and Cobalt hydroxide product for the battery industry from ore sent by pipeline from the Kurumkukari Nickel and Cobalt mine about 135 km away…

4. Investors can’t keep their eyes off Gold and Silver (and Nickel) but there is another precious metal that continues to outperform even these rising stars…Rhodium appears to be on an unstoppable rally and the sky could be the limit as demand continues to outweigh supply…the precious metal is currently trading at $4,200 an ounce, its highest level since September 2008…the metal is up 82% this year, with the rally picking up momentum since early June…although Rhodium prices remain extremely volatile because of its opaque marketplace, some analysts continue to see higher prices as the market continues to be dominated by growing auto sector demand and shrinking supply…some analysts are keeping an eye on the metal’s 2008 all-time highs just below $10,000…Rhodium is the rarest of all non-radioactive metals…much of the world’s mined Rhodium occurs in South Africa and at Norilsk in Russia…

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake 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

Visit the BMR comments throughout the day for updates and helpful information!

1. Gold has traded between $1,534 and $1,548 so far today…as of 7:00 am Pacific, bullion is off $7 an ounce at $1,536…since 1976, which is soon after Gold began to freely trade in the U.S., the yellow metal has produced a 2.6% average return in September, historically its best month of the year…interestingly, though, Gold has lost ground in each of the past 2 Septembers, falling 1.3% in 2018 and 2.2% in 2017, despite a 65% overall winning record in September…the odds of 3 straight September declines has to be considered exceptionally low, especially given the current bullish environment…Silver has climbed another 6 cents to $18.22…a confirmed breakout has occurred above the $17.20’s which is now exceptional new support…based on chart patterns, it’s highly unlikely Silver will drop below the $17 level…there’s now a clear path to $20…Nickel, remaining hot, has jumped 15 cents to $7.32 while Copper and Zinc are both flat at $2.56 and $1.03, respectively…Crude Oil has soared $1.43 a barrel to $56.36…U.S. Crude inventories fell by 10 million barrels from the previous week, according to a just-released Energy Information Administration (EIA) report…this confirms data released yesterday by industry group American Petroleum Institute (API), giving WTI a shot of bullish adrenaline…the U.S. Dollar Index has gained more than one-tenth of a point to 98.17…

2. The U.S. is about to boost its status as a major Oil exporter by doing what Canada has pathetically failed to do under the Trudeau regime…new pipelines are coming online to transport Oil from a bottleneck in the Permian Basin to the Gulf Coast where it can be shipped to the rest of the world…the U.S. is turning the Gulf Coast into a major export hub – this is so significant that one day U.S. Crude will become an international benchmark, according to Citigroup…the firm says U.S. Oil exports of 3 million barrels a day could grow by a million barrels a day this year and another million next year…this month marks a big change for the industry with the start of the Plains All America Pipeline’s Cactus II, a 670,000 barrel a day pipeline, connecting the Permian Basin to Corpus Christi, Texas, and from there to the world…that pipeline, and another, named Epic, are just the start, with more to follow…“It will be 4 million barrels a day by 6 or 8 months,” stated Edward Morse, Citigroup global head of commodities research…“Four million barrels a day is a lot bigger than the North Sea as a whole.  That Crude Oil is going to go everywhere.  It goes to Asia, Europe, to India.  If the U.S. gets to 6 million barrels a day in 3 years, it will be hands-down the world benchmark”…

3. Climate change extremism, on vivid display at Edmonton City Council last night, is why Canada has lost its way and hasn’t been able to get a new pipeline built, let alone a simple but critically important extension to an existing one (Trans Mountain)…the foolish globalists and “progressives” who have taken over Edmonton City Council declared a state of “climate emergency” last night (that’s the left’s new gimmick throughout the country) as part of its “urgent response” to reduce greenhouse gas emissions (for the loony left, it’s a lot easier to declare a “climate crisis” than effectively address issues such as job creation, investment, productivity and wealth creation)…“This is an emergency and it requires our attention and our urgent care at the local level as well as the national and planetary level to respond to this crisis because the clock is ticking and we don’t have long,” Edmonton Mayor Don Iveson told reporters after the 10–3 city council vote last night…as part of the state of emergency, the city will update the public on “climate action progress” through quarterly memos posted online (if this is such an “emergency”, shouldn’t there be at least weekly or monthly memos posted online???? – the left wing mainstream media of course doesn’t challenge that obvious contradiction)…Mayor Iveson, who has never held a real job in his life, carried on: “This is a scary issue at times.  It’s a source of disquiet.  We heard that loud and clear, particularly from young people worried about their future.  And from their parents, who like me, are fielding tough questions from their kids about why we haven’t done more, why is this getting harder and not easier?  But this is the grand challenge of our time and this is the opportunity for leadership and problem-solving and for bold action”…but here’s where we get to the real heart of what’s driving this issue…several members of a radical climate change group, Extinction Rebellion, were in attendance at Edmonton City Council last night and of course were more than pleased with the “climate emergency” declaration…one of those members, Chris Gusen, commented, “We’re facing huge risks to our way of life, we are facing mass human suffering.  There’s nothing more alarming than that.  It’s not about habits anymore.  It’s about big shifts and it’s about big things that only the government can do”...the thrust of the entire “climate change” movement is to change the economic and social order as we know it, to redistribute wealth much more aggressively and make government a much more powerful force in our lives (never a good thing, just ask Venezuelans, but young people in particular today don’t “get it”)…AOC’s “Green New Deal”, a socialist manifesto that would destroy the United States if it were ever implemented, is the perfect example of how “progressives” are ratcheting up rhetoric and using the fear of “climate change” as a new way to package previously discredited policies…unfortunately, the left has been very effective, especially in Canada and various European countries, at weaponizing “climate change” to block resource projects, obtain power and pursue a particular political agenda…that’s partly why the left hates Trump so much – he’s not a typical politician and is bold enough to call them on it and push back…

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake 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