BullMarketRun.com

Check back later this morning for today’s Morning Musings.

1. The dramatic moves in the Treasury market and Copper over the last week reflect a view that a faster growth, more inflationary environment is on the way in the United States…under such a scenario, the Venture can be expected to perform exceedingly well with the second leg of its new bull market beginning following the completion of the correction that began from the 22-month high of 848 August 11…this correction will end anytime within the next several weeks leading up to the Fed meeting December 13-14 when the central bank is expected to hike interest rates for only the 2nd time in more than a decade…

2. The Dow is aiming for its 7th consecutive winning session on a day that features several Federal Reserve speakers…as of 7:00 am Pacific, the Dow has retreated 41 points…the TSX has climbed 64 points on strength in commodities while the Venture is up 4 points at 734 through the first 30 minutes in trading…

3. Crude Oil prices have recovered more than 3% this morning on renewed hopes for an OPEC deal at the end of this month…this comes amid news of an attack on a major Oil pipeline in Nigeria…meanwhile, Libya is adding to the supply problem as its production has doubled to 600,000 bpd in recent weeks…

4. U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, while September sales were revised to show a 1% increase vs. the previously reported 0.6% rise…

5. Cannabix Technologies (BLO, CSE), showing fresh technical momentum, gapped up at the open this morning and is holding most of those gains at 68 cents as of 7:00 am Pacific…BLO has the wind at its sails entering the balance of 2016 as its Beta 2.0 marijuana breathalyzer enters scientific studies with live users…over 50 million BLO shares or an average of 1.7 million per day have traded on the CSE since the beginning of October while 18.7 million (604,000 per day) have traded in the U.S. during the same period…

6. Parlane Resources (PPP, TSX-V) continues to look strong, up half a penny at 30 cents after releasing more exploration details this morning, including the discovery of native Copper, from its 270 sq. km Big Bear Property bordering New Gold’s (NGD, TSX) Blackwater deposit in central British Columbia…PPP has only 12 million shares outstanding…

7. Equitas Resources (EQT, TSX-V), which has been mired in a steady downtrend since early July, is up half a penny at 5 cents in early trading after releasing rock sample results from its Crepori project in Para state, Brazil, that graded as high as 1,023 g/t Au – more than 30 ounces per tonne…while the company continues to develop its flagship Cajueiro Project, it now says additional efforts will be directed toward advancing some of the higher-grade targets in the portfolio, of which Crepori is one of the most promising…one wonders why that didn’t happen earlier…