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TSX Venture Exchange And Overall Markets

The Venture led most markets to the upside last week, gaining 11 points or 1.5% to finish at 811.  On Friday, even with Gold flat, Oil down sharply and the broader indices under pressure with triple digit losses, the Venture posted a slight gain which is a classic signature of a Venture bull market.

With just 5 trading days left in September, the Venture is up 3.2% for the month for the best performance among North American exchanges.  Gold, headed for its 3rd straight quarterly advance, has climbed 2.1% this month while Silver has jumped 5.7%.

Investors saw continued accommodation from central banks after Wednesday’s decisions by the Federal Reserve and the Bank of Japan.

Keep in mind, in each and every bull market year going back to 2003, the Venture has climbed powerfully from its August close to year-end.  The average gain is nearly 30% which means it’s not unreasonable to expect the Venture to find its way to 1000 within the next 3 months.  That’s almost 25% higher than where it is now, and in that kind of environment there are countless stocks that will perform exceedingly well.  The question is, what will the catalysts be?  A big run in Gold and Silver, and/or a major discovery somewhere?

With the Fed out of the way for now, the Presidential election will come into greater focus with the much anticipated debate Monday night between Hillary Clinton and Donald Trump.  The encounter between the two has the potential to shift perceptions about the outcome of the race, which in turn could impact Gold, the U.S. dollar and the equity markets.

Meanwhile, an informal meeting of OPEC member countries (and Russia) will take place on the sidelines of the International Energy Forum in Algeria tomorrow through Wednesday.  Oil traders will be watching closely.  The group had its most recent formal meeting in Vienna in June, and many of its members gathered last April for unsuccessful discussions on limiting production.

Today’s Week In Review and A Look Ahead includes last week’s “Top 10 List“, the leader of which was Otis Gold (OOO, TSX-V) with a gain of 28.6%.

Click here to read the rest of today’s Week In Review And A Look Ahead, and learn more about where the Venture is headed in the coming weeks, with a risk-free Pro, Gold or Basic subscription featuring a 100% money-back guarantee, or login with your username and password.