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Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

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Technical & Fundamental Analysis of Niche Sectors"

January 18, 2010

BMR Morning Market Musings…

It’s a quiet day on the markets with the U.S. holiday…gold is up $4 an ounce to $1,134 as of 8:15 am Pacific time, while the CDNX is ahead six points to 1,599…we’re still at the Vancouver Resource Investment Conference which wraps up today…we have conducted a few CEO interviews and we’ve collected quite a bit of information which we’ll be sharing on our site throughout the week…some well respected analysts are very bullish on molybdenum and uranium…the general consensus seems to be that gold is headed for its 10th consecutive yearly increase…on the subject of streaks, it’s interesting to note that Noront Resources (NOT, TSX-V) is down each of the past 10 trading sessions and is off a penny this morning to $1.72…we can’t see Noront going any lower than its rising 200-day moving average which is $1.55, so traders have a low risk opportunity here with this stock very oversold…our portfolio is very quiet this morning which will likely be the theme for today…things will heat up tomorrow, though…

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