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7 @ 7:00 - BullMarketRun.com

November 10, 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 $1,282 and $1,287 so far today…as of 7:00 am Pacific, the yellow metal is flat at $1,284 as it tries to squeeze out a modest weekly gain after declining in 7 out of the last 8 weeks…Silver is up 9 cents at $17.09…Copper and Nickel are steady at $3.08 and $5.56, respectively…Crude Oil is relatively unchanged at $57.16 after benefiting this week from Saudi-Iran turmoil…Goldman Sachs is warning of greater price volatility ahead, citing rising tensions in the Middle East along with soaring U.S. Oil production…the U.S. Dollar Index is off one-fifth of a point at 94.29

2. BNP Paribas looks for Gold to start 2018 weak, rally into mid-year on low real interest rates, but then turn lower as nominal rates rise…in an outlook report released this morning, the French bank listed a 2018 average Gold price forecast of $1,255 an ounce, the same as analysts expect this year…however, BNP Paribas’ quarterly average forecasts for 2018 range from a yearly low of $1,210 in Q1 to a high of $1,325 in Q2

3. More details from the latest Gold Demand Trends report from the World Gold Council (WGC)…buying from Gold-backed exchange-traded funds edged up by only 19 tons, 87% less than they bought in the same quarter last year…these funds had to compete against “a soaring stock market” with “a contained Gold price contrasting poorly against that,” said Alistair Hewitt, the WGC’s head of market intelligence…still, there were some big players still buying…central bank demand for Gold went up 25%, with Russian and Turkish central banks leading the way, the report said…meanwhile, interest in the precious metal by the technology sector is up for the first time since 2010 thanks to the increased use of Gold in chips and wireless devices…total tech demand was up 2% at 84.2 tonnes in Q3 – a 4th straight quarterly advance…the increase brought this year’s number to 244.4 tonnes…

4. A measure of U.S. consumer sentiment dipped in early November, as respondents’ expectations of current and expected economic conditions declined slightly…the University of Michigan announced this morning that its preliminary reading on consumer sentiment was 97.8 in November, below expectations and down from a more than decade high of 100.7 in October…

5. Bitcoin fell today to its lowest since November 1 as traders bet on “bitcoin cash” instead…the offshoot digital currency surged more than 20% to its highest since August 20, according to CoinMarketCap…bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided to implement an upgrade in an effort to increase transaction speeds for the digital currency…

6.  Tech is hot – investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said today…the data, which tracks flows through Wednesday, also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an 8-week high…world stocks pushed lower today for the 2nd straight session, albeit after the longest daily winning streak in almost 11 years

7. The Dow has retreated 43 points in early trading after falling slightly more than 100 points yesterday…the TSX remains above 16,000 and is down just 12 points as of 7:00 am PacificKlondex Mines (KDX, TSX) reported a net loss in the 3rd quarter (vs. a profit in the same quarter of 2016) as revenue fell on lower metal sales and weaker prices…Gold Standard Ventures‘ (GSV, TSX) drill hole DS1720 has intersected 136 m of 2.67 g/t Au approximately 30 m north of DS1603B (101.2 m @ 1.54 g/t Au) and approximately 90 m south of DS1608 (126.2 m @ 4.07 g/t Au)…these new results are expected to significantly improve the grade of the current block model in the northern portion of Dark Star at the company’s 100%-owned/controlled Railroad Project in Nevada…the Venture is steady at 793Calyx Bio-Ventures (CYX, TSX-V) is up half a penny at 13 cents after announcing completion of a $1 million financing and the signing of an LOI to lease an additional facility that will house the company’s new corporate head office and a “state-of-the-art environment to execute on its strategic plan to deploy its first data mining facility”

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  1. JAX is showing some incredeble volume today and a very healthy BUMP! Hmmmm. Whats up with that? Good news perhaps!
    As for GGI and any other junior stocks, not for the faint of heart… Lemmings following each other to the cliff! Jump Lemming, Jump! Lol

    Comment by PatrickLamane — November 10, 2017 @ 9:31 am

  2. GGI only for the brave ones who have done their homework.

    Comment by MURF — November 10, 2017 @ 10:00 am

  3. Great buying opportunity for GGI and MTS… Look at that turn around! Love it!!!:-)

    Comment by PatrickLamane — November 10, 2017 @ 10:59 am

  4. Hey Guys, I have been invested in ACB Aurora Cannabis for a legnthy period… Just breaking out of its doldrums and is heading to the moon. I know many have mixed feelings about Cannibas but john do you agree with the sentiment that Aurora will challenge and beat out Canopy for top spot on the TSV.? Your thoughts my friend…

    Comment by PatrickLamane — November 10, 2017 @ 11:05 am

  5. HEy guys … it is because I DID believe the story that I didnt try and trade.. imagine my surprise now that MTS and GGI are now up on the day.. and I would have missed it… and would be hoping for NO NR on Monday …

    I was talking as a trader not an investor… but I am an investor..:)

    Comment by Jeremy — November 10, 2017 @ 12:35 pm

  6. AIS on fire… another great call guys!!!

    Comment by Weatheritout80 — November 10, 2017 @ 12:50 pm

  7. Was hiding on the NEX, Weatheriout80, now off and running on the Venture…new all-time high territory now, amazing potential with the likes of Sorentino and Thomas…

    Comment by Jon - BMR — November 10, 2017 @ 1:19 pm

  8. Hello Jon & John. Do you think we have now bottomed out with FTEC? Do you think we will be making a move to the upside starting next week?

    Comment by Raffi14 — November 10, 2017 @ 3:03 pm

  9. Jon: take a look at NNA today! TAC (Tasca) appears to be all around them!

    Comment by MERIDEX — November 10, 2017 @ 5:49 pm

  10. I don’t own NNA but wow!! Any thoughts from anyone on this as it seemed to catch fire after they posted pictures of the core on the website.

    Comment by Danny — November 10, 2017 @ 5:54 pm

  11. Also FYL traded a lot of volume today as it has property very close to NNA. Let’s not forget one of Daniel’s picks EKSO did very well today after some good news. Things are getting exciting in a lot of areas.

    Comment by Danny — November 10, 2017 @ 6:04 pm

  12. Yes I would like to also know youre guys opinion on NNA. I took a small position at 1.55 and sold at 2.62 as i felt like taking some profits. Market cap is only 40 mil. Hearing rumors it could be as big as ggi findings. Thanks.

    Comment by Sheldonmckinlay — November 10, 2017 @ 8:48 pm

  13. NNA and FYL, careful where you step! If you owned it previously, Great. If not, stay away this goes beyond speculation… Lack of Lab assays and even a retraction by NNA for the description of the core sample… Ordered by IIROC. There are some croocks out there guys, mark my word. Just Saying, careful where you swim…

    Comment by PatrickLamane — November 10, 2017 @ 9:20 pm

  14. Jon/ John

    Thanks for the work on AIS, going to be a very nice Christmas!

    Looks like the nearest Fib. will be hit way before the end of the year, curious to see the next Fib. levels!


    Comment by Gregh — November 10, 2017 @ 10:20 pm

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