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7 @ 7:00 - BullMarketRun.com

October 11, 2017

7 @ 7:00

Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,286 and $1,292 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,289…Silver has added 2 pennies to $17.13…Copper and Nickel are up modestly at $3.05 and $5.03,  respectively…Crude Oil is steady at $50.92 while the U.S. Dollar Index has slipped more than one-tenth of a point to 93.08…in its latest commodity outlook published yesterday, analysts at Macquarie said that they see Gold prices pushing higher on the back of a faltering U.S. economy and a weaker U.S. dollar…the Australia-based bank sees Gold and Silver as outperformers over the next 12 to 24 months, an opposite view of two Goldman Sachs’ technical analysts who warned earlier this week that bullion is headed for a sharp fall…

2. OPEC’s production hit the 2nd highest monthly level this year in September, returning to growth after the Oil cartel’s output fell for the first time in 5 months in August…on a more bullish note, the producer group today raised its forecast for world Oil consumption in 2017 and 2018 for a 3rd straight month…the improved demand outlook from both OPEC and the International Energy Agency last month underpinned the Oil market rally in September…OPEC’s 14 members pumped 32.75 million barrels a day in September, up about 88,500 barrels, according to independent sources cited in the group’s monthly report…

3. Pretium Resources (PVG, TSX) continues to successfully ramp up operations at Brucejack, one of the world’s highest grade new mines in the Eskay Camp…82,203 ounces of Gold were produced in Q3 with a Gold recovery rate of 96.49%…in July, at the onset of the quarter, mill feed was predominately from low-grade stockpiles and development muck and 16,882 ounces of Gold were produced…as the ramp-up progressed, the mill began processing stope ore exclusively and an additional 65,321 ounces of Gold were produced in the last 2 months of the quarter…mill feed grade and Gold recoveries averaged 12.36 g/t Au and 96.92%, respectively, during the last 2 months of the quarter…the mill feed grade should continue to improve…PVG has jumped more than $2 a share to $14.26 in early trading…northwest of Brucejack, even as the weather turns colder, Garibaldi Resources (GGI, TSX-V) continues to aggressively drill at Nickel Mountain with 2 rigs, pointing to the increasing likelihood that the infamous Golden Triangle hosts Canada’s most significant Nickel-Copper-rich sulphide discovery in at least a decade…an exploration update from GGI is expected very soon…

4. The Dow is off slightly as of 7:00 am Pacific…the TSX has gained 23 points while the Venture has eased off 3 points to 791Gold Standard Ventures (GSV, TSX) has made the jump from the Venture to the TSX with the company’s shares trading on the big board as of this morning…Jonathan Awde, President and CEO of Gold Standard, commented: Gold Standard is very pleased to announce another significant milestone for the company and its shareholders. The TSX is Canada’s premier exchange and will further improve visibility of the company, provide access to a broader capital market base and will potentially provide greater trading liquidity for our shareholders’GSV is focusing on district scale discoveries at its Railroad-Pinion Project within Nevada’s prolific Carlin Trend…

5. Barkerville Gold Mines (BGM, TSX-V) has extended a newly defined veining corridor known as the “Beta Corridor” in the Shaft Zone of its Cariboo Gold Project…drill hole IM-17145 has intersected 20.5 g/t Au over 11.6 m and 87.7 g/t Au over 5.3 m at vertical depths of 365 and 415 m below surface…a total of 9 rigs are currently exploring and delineating the Shaft and Valley zones while a 10th drill is expanding the known mineralization on the BC Vein…BGM is off a penny at 84 cents, just slightly above its rising 200-day moving average (SMA)…

6. Probe Metals (PRB, TSX-V) released fresh drill results this morning from its Val d’Or East Project where 12,000 additional meters of drilling in 27 holes along the Pascalis Gold Trend further underscores the strong the potential south, east and under the former Beliveau mine…the 75,000-m program continues…expansion drilling to the south has intersected new vein structures including 27 g/t Au over 3.5 m and 1.8 g/t Au over 38.6 m at vertical depths of approximately 350 m and 135 m, respectively….expansion drilling to the East has returned 2.3 g/t Au over 34.8 m, including 18.1 g/t Au over 3.8 m, at a vertical depth of 160 m…drilling on the Highway zone 1 km northeast of New Beliveau intersected 5.1 g/t Au over 16.5 m at a 375 m depth in hole PC-17187, including 19.4 g/t Au over 2.1 m and 21.6 g/t Au over 2 m, respectively…PRB has shown exceptional support near its rising 300-day SMA, currently in the mid-$1.40’s

7. Canopy Growth (WEED, TSX) has entered into a definitive joint venture agreement to form a new company, BC Tweed Joint Venture Inc., together with a large-scale greenhouse operator to develop 1.3 million sq. feet of greenhouse growing capacity in British Columbia with an exclusive option to develop a further 1.7 million sq. feet of existing greenhouse infrastructure at a second B.C. location…applications have been submitted for both sites and subject to Health Canada and other standard regulatory approvals, “as well as a bit of luck”, the company stated, WEED is hopeful that it will have product available from the joint venture as soon as July 1, 2018WEED has been gaining increasing momentum recently, as John’s charts suggested it would, with the stock up 8 cents at $12.91 through the first 30 minutes of trading…

The Template For The Next 10% Move In Garibaldi Resources

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The Nickel Mountain Magma Highway

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The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

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25 Comments

  1. Wondering why the 5 min. Halt, strange?

    Comment by Laddy — October 11, 2017 @ 7:19 am

  2. Just a circuit-breaker thing, Laddy…happens during volatility…the nervous nellies were proven wrong on Brucejack and Nickel Mountain will be no different…

    Comment by Jon - BMR — October 11, 2017 @ 7:21 am

  3. A single-stock circuit breaker will halt a trading of an equity for five minutes if it experiences a price increase or decrease of 10% with a five-minute period.

    Comment by large — October 11, 2017 @ 7:21 am

  4. Malfunction at the junction! Thx Jon.

    Comment by Laddy — October 11, 2017 @ 7:23 am

  5. Any idea if assays will be released this week or next? I’ve tried calling Steve and IR but they must be getting hammered by calls. Jon would you know?

    Comment by Steve — October 11, 2017 @ 7:29 am

  6. I’m sure we’ll see something soon, Steve…it’s fair to assume from last Wednesday’s news that there should be an update any day now…

    Comment by Jon - BMR — October 11, 2017 @ 7:34 am

  7. Jon would you be adding to MTS.v as well here $1.32 on the pull?

    Comment by large — October 11, 2017 @ 8:00 am

  8. A double for Doubleview ,DBV in the last week or so..Too late in the season to accomplish anything, IMO!!!

    Comment by GregJ. — October 11, 2017 @ 8:26 am

  9. Dbv been doing good lately. Anyone hear anything as to what is going on?

    Comment by Sameer — October 11, 2017 @ 9:05 am

  10. Don’t even think of selling your shares. Just sit back and wait. You will not regret it.

    Comment by John - BMR — October 11, 2017 @ 9:05 am

  11. John, which shares are you referring to? DBV? GGI? or MTS?

    Comment by vepper — October 11, 2017 @ 9:09 am

  12. John which stock was that last comment for, DBV, MTS or GGI or all three 🙂

    Comment by large — October 11, 2017 @ 9:13 am

  13. Haven’t sold a single share and don’t plan to, thanks John!

    Comment by MURF — October 11, 2017 @ 9:19 am

  14. Thanks John for the reassurance…I’ve taken up nail biting and I’m running out of nails!

    Comment by Ciara — October 11, 2017 @ 9:30 am

  15. Don’t sell GGI or MTS….good to hold for some time yet. I have not sold a share.

    Comment by John - BMR — October 11, 2017 @ 10:09 am

  16. Does Jon concur with that advice not to sell a single?

    Comment by Ivan — October 11, 2017 @ 10:22 am

  17. Huge volume day for HIT, 2 million shares traded by 10am.

    Comment by GregJ. — October 11, 2017 @ 10:22 am

  18. There is absolutely no reason to sell GGI and MTS shares.

    1. There is no change in the bullish fundamentals.
    2. Today’s chart is actually bullish with today’s candle at the moment a HAMMER. The low of 1.77 actually bounced off the EMA(20).

    I think this is a good cleanout for a good move to the upside.

    Hang in there and keep smiling….great days ahead.

    Comment by John - BMR — October 11, 2017 @ 10:27 am

  19. Thanks John – appreciate your confidence!

    Comment by Phil — October 11, 2017 @ 10:29 am

  20. Ivan….Jon is out in the field until much later.

    Comment by John - BMR — October 11, 2017 @ 11:04 am

  21. Appreciate all the info regarding ggi. Your influence is obviously providing a sense of calm amongst investors. There is no short of investors with a large portfolio weighting in ggi which exposes them to outsized returns or alternatively outsized loses. What makes you soon confident in ggi that you’re telling people to not sell a share?

    Comment by Seamus — October 11, 2017 @ 12:33 pm

  22. John, Thanks for all your coverage of GGI. From what you have heard and seen from the GGI camp, how certain (percentage) are you this GGI play in the triangle will become a mine?

    Comment by donmac2117 — October 11, 2017 @ 12:48 pm

  23. Seamus
    Fundamentals, Results to date, Personnel involved and their videos and BMR reporting.

    Comment by John - BMR — October 11, 2017 @ 1:11 pm

  24. Site visit and interview with Frank Basa, Castle Silver Resources (CSR) by Rockstone: http://rockstone-research.com/index.php/en/research-reports/3622-Going-Underground-and-Flying-over-the-Castle-Silver-Cobalt-Mine-in-Ontario

    Comment by Arjan — October 11, 2017 @ 3:08 pm

  25. speaking of CSR… what the heck happened today!

    Comment by Marc — October 12, 2017 @ 1:48 pm

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