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 $1,244 and $1,253 so far today…despite the recent slide ahead of next week’s Fed meeting, Gold is still up by 8% for the year, though well down from its September high…as of 7:00 am Pacific, the yellow metal is up $3 an ounce at $1,249…Silver has rebounded 9 cents to $15.79…Copper and Nickel are steady at $2.97 and $4.95, respectively…Crude Oil has added 53 cents to $57.22 while the U.S. Dollar Index has climbed one-fifth of a point to 93.98…global holdings in Gold-backed exchange-traded funds (ETF) rose by 9.1 tonnes to 2,357 tonnes in November, with the net inflows coming entirely from Europe as the U.S. dollar fell, according to data released by the World Gold Council…

2. Gold should rise for a 3rd straight year in 2018, aided by low or negative real interest rates and ongoing political uncertainty in the U.S. and Europe, said Commerzbank in its just-released outlook for the year ahead…the German bank said Silver should outperform due to industrial demand, while this year’s biggest gainer – Palladium – won’t keep rising since “the tailwind from the automotive sector should abate”…Commerzbank predicts Gold will average $1,325 an ounce in 2018, with an average of $1,300 in the first 2 quarters of the year and $1,350 in the final 2 quarters….the bank sees Silver averaging $17.25 in 2018…

3. More volatile trading in bitcoin – the cryptocurrency dropped as low as $14,096 this morning, a nearly 18% decline from from earlier highs on the day near $17,200 according to CoinDesk which averages prices from major exchanges…on one platform (Coinbase), bitcoin had actually rocketed above $19,000 early today before notching a huge decrease…bitcoin futures begin trading Sunday…

4. The Trump economy continues to roar…the U.S. created 228,000 jobs in November while the unemployment rate held steady at 4.1%, according to this morning’s Labor Department report…economists surveyed by Reuters had expected non-farm payrolls to grow by 200,000…a more encompassing measure of joblessness that includes discouraged workers and those holding part-time positions for economic reasons moved up one-tenth to 8%…the ranks of those not in the labor force edged higher by 35,000 to 95.4 million…Wall Street also was watching wage data closely…average hourly earnings were estimated to rise 0.3% for the month or 2.7% for the year, and the final results disappointed in that regard…earnings rose 0.2% for the month and 2.5% for the year… 

5. Another sign of rising interest in Cobalt – Cobalt 27 Capital (KBLT, TSX-V) has arranged an $85 million bought deal (8.5 million shares at $10.50 per share) with a syndicate of underwriters co-led by TD Securities and Scotiabank…Cobalt 27 will use the net proceeds from the offering to purchase up to 720 metric tonnes of physical Cobalt currently under option for a total purchase price of approximately $58 million (U.S.), representing an average price of $36.39 (U.S.) per pound of Cobalt, a 10% premium to the Cobalt high-grade metal bulletin ask price of $33 (U.S.) per pound on December 6, 2017.  “It is management’s strong belief that this acquisition of additional physical Cobalt will further strengthen Cobalt 27’s balance sheet in advance of potential streaming investment opportunities in 2018,” the company stated in its news release this morning…

6. The Dow is up 51 points through the first half hour of trading…in Toronto, the TSX has climbed 64 points while the Venture has added 2 points to 790…Garibaldi Resources (GGI, TSX-V) was halted just prior to market open, pending news as more results appear to be on the way from Nickel Mountain…GGI closed at $4.14 yesterday on the strength of news Wednesday highlighted by a massive sulphide intersection of 12 m grading 6.2% Nickel and 2.9% Copper, along with wide intervals of Nickel-Copper-rich mineralization around the historic deposit to the west and multiple new airborne VTEM conductors trending north-northeast…massive sulphide Nickel grades in the historic zone are averaging about 5%, increasing to between 6% and about 7% to the east…First Cobalt (FCC, TSX-V) has announced a $25 million bought deal financing (non-flow-through and flow-through), so big dollars are coming into Cobalt stocks with the price surging to a new high of $31.75 (U.S.)…

7. Canopy Growth (WEED, TSX) and the province of Newfoundland and Laborador have entered into a supply and production agreement, the largest provincial cannabis supply agreement announced to date, securing a regulated supply of cannabis for Newfoundland and Labrador heading into the legal adult access market…Canopy Growth will supply 8,000 kg of high quality cannabis products annually for the first 2 years of the deal…under the terms of the agreement, WEED will establish a new production facility in Newfoundland and Labrador capable of producing 12,000 kg per year, bringing 145 jobs in an emerging sector and major capital investment to the region…site locations are being evaluated to house what could be the first licensed production facility in the province…

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