9:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Venture Update All things considered, the Venture has enjoyed a remarkable Q1, significantly outperforming the broader averages and seemingly shaking off the uncertainty around Canada-U.S. relations which sank to their worst state since the other Trudeau was in power in the early 1980’s (socialist Pierre Trudeau, who famously struggled with conservative Ronald Reagan – funny how history repeats itself). The fact Justin Trudeau has left the stage can only help on so many fronts, one would assume, including the resource sector no matter who…
Author: BMR
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Gold is pushing higher thanks to a slightly hotter-than-expected inflation report this morning. Bullion is up $26 an ounce at $3,083 as of 7:00 am Pacific while Silver has added 12 cents to $34.48. The U.S. Dollar Index is off its highs of the day, down nearly one-fifth of a point to 104.12; The Venture is poised for another weekly gain if it can close at 638 or higher. The Index is off slightly at 639 as of 7:00 am Pacific; The Federal…
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings The Gold market continues to consolidate in a narrow range above $3,000 and is paying little attention to this morning’s better-than-expected manufacturing data that showed a rise in U.S. durable goods orders. The Commerce Department announced that durable goods orders rose 0.9% last month, following January’s revised increase of 3.3% . The data was far better than expected as the consensus view of economists called for a 1.1% decline. Core durable goods, which strip out the volatile transportation sector, also rose more…
10:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Editor’s Note: Welcome to BMR’s new website! Over the next week, through the end of March, we’ll be carrying out a few tweaks and ironing out some wrinkles, so please bear us. We believe you’ll enjoy and benefit from this new subscriber experience. If you’re having any technical issues, or have any questions, please email us at [email protected]. Macro Happenings Wall Street is rallying hard to start the new week, not surprising given the bullish contrarian signal the Venture has been giving in recent…
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Editor’s note: Welcome to BMR’s new website! Over the next week, through the end of March, we’ll be carrying out a few tweaks and ironing out some wrinkles, so please bear us. We believe you’ll enjoy and benefit from this new subscriber experience. If you’re having any technical issues, or have any questions, please email us at [email protected]. Venture Update The Venture has significantly outperformed the broader markets through Q1 so far, a key reason we’re not alarmed by Wall Street’s recent volatility highlighted…
Friday Footnotes Hope you all had a great week and I hope you’re enjoying the weekend. Nothing new really jumped out at me regarding junior resource market news (aside from an 1,100-m intercept in Colorado, perhaps a porphyry find in the making, and of course the Salt “spill” in Newfoundland as Jon aptly called it). It’s also Spring Break for many of us in Florida, so I wasn’t as glued to markets as I would be normally. Plus, we’re in Crystal River (working) putting final touches on the bungalow that flooded a number of months ago. What a relief to…
9:15 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Editor’s Note: “Soft launch” for BRM.com – official launch by Monday, March 24. This is a seamless transition for all subscribers and we’re confident you’ll enjoy the features and functionality of the new site in our 1st major upgrade since we launched in late 2008. Watch for an email from us over the weekend. Macro Happenings The S&P 500 could post its first 5-week losing streak in more than 2 years. Two economic bellwethers are leading the way lower today, though Wall Street is…
8:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Editor’s Note: Our new website launches within the next day or two – stay tuned, we will let you know the details here at BullMarketRun.ca and by email. This is a seamless transition for all subscribers and we’re confident you’ll enjoy the features and functionality of the new site in our 1st major upgrade since we launched in late 2008. Macro Happenings A expected, the rate-setting FOMC kept its key borrowing rate targeted in a range between 4.25%-4.5% yesterday, where it has been since December.…