4:30 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Gold-Silver Ratio Dips To 92 A few interesting points about the current Gold market and Silver’s move above $35: The Gold-to-Silver ratio, which peaked above 105 in April, is now contracting – an historically bullish signal for Silver, as past reversals from extreme levels have preceded sharp silver outperformance. With the long-term average closer to 60, Silver’s current breakout above $35 suggests it may be entering a catch-up rally toward Gold, potentially targeting the $40–$50 range if the ratio continues to normalize, as it…
Author: BMR
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Venture Tops 20% For Yearly Gain More people are starting to believe what we’ve been saying for quite some time – we’re in a bull market! What took them so long to figure that out? Venture volumes are picking up and money is starting to come in from the sidelines, so we’re about to enjoy the most active summer in the markets since 2020. No summer doldrums this year! The Venture was up 6.1% in May (“Buy in May and make some hay!”) and…
6:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update A Goldilocks jobs number for the market this morning – not too hot, not too cold at 139,000. Hiring decreased just slightly in May even as consumers and companies braced against the “tariff threat”. Non-farm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and the downwardly revised 147,000 that the U.S. economy added in April. The unemployment rate was unchanged at 4.2%. President Trump has made slashing the federal workforce a centrepiece of his agenda, but…
8:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Spectacular drill results from Talon Metals (TLO, TSX) at Tamarack this morning, the kind that really help to add fuel to an accelerating junior resource bull market: 47.3 m (762.34 m to 809.67 m) grading a whopping 11% Ni and 11.4% Cu, along with Gold, Silver, Paladium, Platinum and Cobalt for a Nickel equivalent grade of 21.4% and a Copper equivalent grade of 42.8%. They’re into a rich feeder system, it’s just too bad there’s already a billion shares outstanding on this…
8:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Market Update Gold has backed off today after a nice run yesterday. As of 8:30 am Pacific, the yellow metal is off $33 an ounce at $3,347. The TSX Gold Index closed at a new all-time high yesterday of 507 (see chart further below) and is digesting those gains today, off 8 points at 499 as of 8:30 am Pacific; Cryptocurrencies are faring well today, led by Solana and Ether with gains of 7% and 4.3%, respectively, while Bitcoin is up 2.3% at $106,806;…
6:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings Gold has shot up 2% today, up $75 an ounce at $3,364 as of 6:45 am Pacific, driven by safe-haven demand as renewed U.S. tariff threats and escalating tensions between Russia and Ukraine heightened global trade and geopolitical fears. The Dow is off nearly 200 points in early trading, but the Venture has added 8 points to 702 while the TSX Gold index has climbed 24 points to 503; Not surprisingly, China today refuted Washington’s claims that it had broken the Geneva…
7:00 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). The Trump Bull Market Heats Up The Venture and the NASDAQ both performed exceptionally well in the month of May, 2 important speculative markets giving very positive signals that the rest of the year is going to be GREAT, if not spectacular. The Venture was up 6.1% in May, beating both the TSX and the Dow, while the NASDAQ roared ahead 9.6%. Again, what this tells us is that 2025 is going to be a blistering year for markets in general, spurred by a…
7:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings U.S. equity markets are mixed on this final trading day of the month, but are set to post their best monthly performances of the year. The S&P 500 has added more than 5% this month, while the NASDAQ has surged nearly 10%. The 30-stock Dow has gained 3% in May; President Trump is applying more pressure on China, accusing the communist regime of violating its deal with the U.S. China’s reluctance to approve exports of key Rare Earth minerals is 1 reason…