BullMarketRun.com

1. Gold has traded between $1,248 and $1,254 so far today…as of 7:00 am Pacific, bullion is off $4 an ounce at $1,251…overblown trade fears intensified again today, putting pressure on equity and commodity markets, after the Trump administration published late yesterday a list of 10% duties on $200 billion worth of Chinese goods…the tariffs won’t come into effect immediately, but rather face a review process with hearings taking place in mid-to-late August…the announcement came just days after both nations imposed $34 billion worth of tariffs on each other…Silver has slipped 15 cents to $15.87…Copper has fallen 10 cents to $2.77, Nickel has retreated 19 cents to $6.18 while Zinc is 4 cents lower at $1.16…Cobalt is up 34 cents at $33.23…Crude Oil has backed off 81 cents to $73.30 while the U.S. Dollar Index is down slightly at 94.15… 

2. NATO got called out by President Trump for its inconsistencies today as a 2-day summit commenced in Brussels…Trump focused on recent large energy agreements between certain European countries, notably Germany, and Russia – “you’re getting energy from the group you want protection from,” he noted…meanwhile, Trump vented his frustration at the vast majority of NATO countries including Canada who are not living up to their 2014 commitments to boost defence spending to 2% of GDP…Prime Minister Trudeau openly reneged on Canada’s commitment yesterday when he stated, “There are no plans to double our defence budget”…new figures released yesterday by NATO show Canada only spends 1.23% of GDP on defence…

3. Auto sales in China rose 4.8% in June from a year earlier to 2.27 million vehicles, an industry association said today, as demand remained on the upswing…the China Association of Automobile Manufacturers (CAAM) said overall sales during the 1st half of 2018 were up 5.6% from the same period a year prior, totaling 14.1 million vehicles…last month’s sales rise followed a 9.6% increase in May and 11.5% growth in April…auto sales in China, the world’s biggest vehicle market, have been rebounding steadily since February when sales volume fell 11.1%…

4. The Dow is off 151 points through the first 30 minutes of trading…Amazon, Netflix and Microsoft together this year are responsible for 71% of S&P 500 returns and for 78% of NASDAQ 100 returns…the 3 stocks make up 35%, 21% and 15% of S&P 500 returns, respectively, while making up 41%, 21% and 15% of NASDAQ 100 returns…Apple also makes up a large portion of both indexes, contributing 12% of both S&P 500 and NASDAQ 100 gains, while Alphabet and Facebook have contributed 8% each…in Toronto, the TSX is off 102 points as of 7:00 am Pacific…Osisko Mining (OSK, TSX) has discovered a new wide zone (“Triple 8“) of high-grade Gold mineralization at depth at its Windfall Lake Gold Project in the James Bay region of Quebec, intersecting 28.3 m of 20.4 g/t Au at a vertical depth of 1025 m (estimated true thickness is 20 m)…the Venture has slipped 4 points to 736…White Metal Resources (WHM, TSX-V) is bucking the trend, up a few pennies in early trading after announcing that it has discovered a new sulphide-mineralized area (the Totem zone) ai its Gunners Cove Gold Project in northern Newfoundland…the company is awaiting results from 15 surface grab samples taken from the Totem zone located about 18 km south of the original Gunners Cove “East and West Gunners Pit” discovery zones…the samples are described as sheared black shale and polymictic breccia with up to 10% pyrite in the form of nodules, cubes and stringers…evidence to date suggests that Gunners Cove represents an extensive and new unexplored Gold system which the company has traced intermittently for approximately 18 km along strike and is locally up to 1.3 km wide…Pure Global Cannabis (PURE, TSX-V) has commenced trading on the Venture this morning following an amalgamation and RTO…Pure Global is a growth-oriented life sciences cannabis company led by experienced pharma-industry, horticultural, and supply chain experts…the company is launching Canada’s first multi-ponic cannabis farm – a patent-pending system that is expected to produce several fold greater yields over traditional methods while reducing cost and eliminating pesticide and herbicide use…

5. Phase 2 delineation drilling at the Eastern Twin zone of Skeena Resources’ (SKE, TSX-V) Snip mine in the Eskay Heart of Gold Camp continues to encounter Gold grades and vein thicknesses which are significantly better than historical drilling programs…a significant intercept in this zone includes 16 g/t Au over 12.25 m (UG18–097) hosted within a thicker mineralized envelope grading 12.4 g/t Au over 20.75 m…continuity of the zone was further demonstrated 30 m down-dip in UG18–096 which cut 11.8 g/t Au over 12.20 m…the intercept in UG18–097 occurs only 5 m down-dip of historical drill hole UG-1706 which returned 36.8 g/t Au but over only 0.40 m, perhaps due to incomplete and selective sampling…Paul Geddes, Skeena’s VP of Exploration and Resource Development, stated:  “The company’s short-term goal of releasing a maiden resource for Snip is underway and we continue to validate and upgrade resource confidence in areas of historically poorly delineated mineralization.  The mindset of historic operators with respect to resource delineation and expansion was limited by the stringent economic constraintsthat existed in the 1990’s.  Today, with the vastly improved infrastructure available in the Golden Triangle and the marked increase in Gold price, the potential to mine one of the highest-grade, past-producing deposits in Canada at modern cut-off grades dramatically improves the economic viability at Snip”…

6. Pure Gold Mining (PGM, TSX-V) has extended the Madsen decline by 87 m and commenced test mining within the first of 2 planned stopes from the McVeigh zone…mining through 13 m of new linear development along the mineralized structure has returned muck samples averaging 18.8 g/t Au and chip samples averaging 15.3 g/t…results thus far have exceeded expectations in terms of grades and widths and have highlighted the clear visual nature of the mineralization…test mining is scheduled for completion in September with the planned extraction of approximately 7,200 tonnes of mineralized material…results will be used to demonstrate lateral and vertical continuity of mineralization, as a validation of the resource model, and to provide geotechnical data in support of the continuing definitive feasibility study (DFS)….the company says that mineralization mined thus far supports the geometry of the geological model, exceeds the estimated resource with respect to gold grades, and exhibits excellent geotechnical conditions…

7. New data show Canadian investment in clean technology has cooled off over the past 3 years, despite multiple programs introduced by federal and provincial governments to boost spending on green infrastructure and shift the country towards a lower carbon economy…Canadian private sector investment in clean technologies have fallen by half since 2014, dropping to a combined $9.4 billion (U.S.) over the past 3 years, compared with $19.5 billion (U.S.) between 2012–2014, according to data from Bloomberg New Energy Finance…

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