Check back later this morning for today’s Morning Musings.
1. Conventional polling could not accurately gauge Americans’ urge for change through an unconventional candidate, and blue collar billionaire Donald Trump capitalized on that urge last night with a stunning victory over Democratic rival Hillary Clinton that redrew the electoral map…sounding a call to “reclaim our country’s destiny,” Trump declared: “The forgotten men and women of our country will be forgotten no longer…America will no longer settle for anything less than the best”…Trump will be the oldest President in U.S. history, entering the Oval Office at age 70…with her defeat, Clinton falls short in her second (and final) bid to become American’s first female President….
2. The Dow is up 39 points through the first 30 minutes of trading after futures tumbled more than 800 points last night when it became apparent Trump was on his way to an historic upset…his victory speech around 3 am eastern time helped soothe the markets…in Toronto, the TSX has added 50 points while the Venture is steady at 757 as of 7:00 am Pacific…
3. Gold has given up most of its sharp gains from last night when it surged as high as $1,338…bullion is up $9 an ounce at $1,294 as of 7:00 am Pacific, however it’s reasonable to expect Gold to maintain a strong bid after last night’s events…Copper and Nickel are the big winners again today, hitting new highs…
4. Voters in California and two other states approved the recreational use of marijuana last night in a big boost to the campaign to end the drug’s national prohibition…Canopy Growth (CGC, TSX) and Aphria Inc. (APH, TSX-V) are off slightly in early trading while Cannabix Technologies (BLO, CSE) has retreated 6 cents to 61 cents…
5. Canadian Zeolite (CNZ, TSX-V) continues to surge after a confirmed technical breakout on the heels of positive news – it’s up another 6 cents to 67 cents as of 7:00 am Pacific…updated chart in today’s Morning Musings…
6. Walker River Resources (WRR, TSX-V) reported high-grade drill results this morning from 4 holes at its Lapon Canyon Property in Nevada…hole #10 intersected 77.8 g/t Au over 12.2 m uncut (15.4 g/t cut)…the mineralization was encountered from 54.9 to 67.1 m, less than a meter from a mined-out stope…intersections in other holes included 39.2 g/t Au uncut over 9.2 m in LC-16–11, 4.5 g/t Au over 9.7 m in LC-16–09 and 4.5 g/t Au over 8.2 m in LC-16–04…updated trade strategy for WRR in today’s Morning Musings…the stock is up a penny at 17 cents through the first 30 minutes of trading…
7. Gold Bullion Development (GBB, TSX-V) is up slightly in early trading after announcing drill results from Granada that included 15 m grading 3.6 g/t Au including 1 m @ 43.6 g/t Au…
Hey did you notice my TA prediction for a Trump victory was dead on?
I was going to use the FIBS to make the prediction but they had all been used by the candidates!!!
Comment by John - BMR — November 9, 2016 @ 9:20 am
Yes John I did notice! Quite remarkable
Comment by Ciara — November 9, 2016 @ 9:33 am
LOL John! You outperformed the pollsters, who are out of jobs because they missed big on this outcome. 🙂
Comment by Foz1971 — November 9, 2016 @ 11:17 am
All the pollsters were wrong, Fox1971, with the exception of the much-bashed LA Times/USC poll…if you look at the methodology of that, they were sampling 3,000 people and it was the most accurate poll during the entire election campaign…it was dismissed as an outlier by the establishment media because it did not fit their narrative…
Comment by Jon - BMR — November 9, 2016 @ 11:29 am
EQT – suggesting they are all about Brazil, hoping for a permit and no more Voisey, for now. The next Voisey++ rests on the shoulders of NRN for now
Comment by david — November 9, 2016 @ 12:16 pm