7:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update U.S. markets are off slightly in early trading while Gold is pushing to new highs, up $28 an ounce at $2,884 as of 7:45 am Pacific. The Venture (see updated chart below) has added 3 points to 643. Cryptocurrencies are mostly higher this morning with Bitcoin up more than 2% to $98,820; The U.S. economy added a fewer-than-expected 143,000 jobs in January, though the unemployment rate edged down slightly to 4.0%, the Labor Department reported this morning. The gain in jobs was…
Author: BMR
7:15 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Gold and Silver prices are off modestly ahead of 1 of this month’s key economic data points tomorrow – the January jobs report. The non-farm jobs number is expected to show an increase of 169,000 vs. a rise of 256,000 in the December report. The January report could be hard to parse due to the wildfires in Los Angeles and cold weather in other parts of the country. As of 7:15 am Pacific, bullion is off $28 an ounce at $2,838 while…
5:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Gold has hit record highs not only in U.S. dollars but also in multiple international currencies. The yellow metal is up $20 an ounce at $2,835 as of 5:30 am Pacific while the U.S. Dollar Index has eased off nearly half a point to 108.54; Palantir (PLTR, NASDAQ) surged more than 20% in premarket trading this morning after reporting stronger-than-expected Q4 results and guidance driven by AI. CEO and co-founder Alex Karp called the momentum within its commercial and government segments “unlike…
6:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Markets have started the new week in the red with the mainstream left-wing media putting its negative spin on the Trump tariffs and even giving airtime in the U.S. to the likes of Flip Flop Freeland who will go down in the books as the worst Finance Minister in Canadian history. Bargain hunters got into position over the weekend and are stepping up to the plate. Trump has always had investors’ backs and he’ll also be introducing lower corporate taxes which will…
Tariff Tit For Tat? Justin Trudeau, Chrystia Freeland, Jagmeet Singh, Doug Ford and David Eby, among others, are taking on Donald Trump. Good luck, Canada! How ironic that these politicians are now wrapping themselves in a Canadian flag they’ve disrespected through many of their actions the last number of years. And they now want us to believe that they’re the ones who can a solve a problem that they actually helped create!! This is the time that “progressives” in Canada who have been destroying the country for years are finally going to go down in a big ball of flames,…
5:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Neptune Digital Assets (NDA, TSX-V) Neptune Digital Assets (NDA, TSX-V), an astute pick in the Crypto space, is a great example of what can happen when momentum builds in a stock following key breakouts. NDA has more than doubled since last week’s important move through $1.20, picking up additional momentum on the push to new all-time highs above $2. Sol Strategies (HODL, CSE) is an excellent example of how one should not underestimate the potential of these moves into new all-time high territory -…
6:15 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update NASDAQ futures are up slightly as of 6:15 am Pacific after yesterday’s DeepSeek-driven rout. Nvidia (NVDA, NASDAQ) plunged 17%, slashing more than $595 billion from the company’s valuation, in the biggest single-day market cap decline on record; From the WSJ this morning: “Take a team of young Chinese engineers, hired by a boss with disdain for experience. Add some clever programming shortcuts, and a loophole in American rules that allowed them to get advanced chips. That is the formula China’s DeepSeek used…
7:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings DeepSeek sparks a deep freakout: The Chinese artificial-intelligence upstart has trained high-performing AI models cheaply – and without the most advanced gear provided by Nvidia (NVDA, NASDAQ) and others. That has pulled the rug, at least temporarily, from under global companies riding the AI wave, including chip makers, infrastructure suppliers and power stocks, as investors question the outlook for AI spending. Nvidia and other U.S. chip stocks have tumbled today, pulling the NASDAQ down more than 2% as of 7:45 am Pacific…