BullMarketRun.com

1. Gold has traded between $1,287 and $1,295 so far today, near recent 6-month highs as investors await a parliamentary vote on Britain’s plan to exit the European Union….as of 7:00 am Pacific, bullion is up $3 an ounce at $1,294…inflation in the U.S. remains well under control, adding to pressure on the U.S. dollar…the Labor Department reported this morning that its Producer Price Index (PPI) fell 0.2% in December, more than expected, following a 0.1% rise in November…for the year, producer prices increased 2.5%, the same rise seen in 2017…Silver is up 4 cents at $15.65…key breakout point is $15.75…Copper has added 2 pennies to $2.68…Nickel continues its climb, adding 5 cents to $5.22, while Zinc is off a penny at $1.12…Cobalt is steady at $19.05…Crude Oil has jumped $1.28 a barrel to $51.79 on talk of additional fiscal stimulus measures in China and hints of a potential slowdown in U.S. production growth…the U.S. Dollar Index has retreated more than one-tenth of a point to 95.72…the dollar downtrend in Q1 has legs with a now-declining 50-day moving average (SMA) which will also cap any rallies…Asian stocks recovered today after Beijing signalled more supportive measures to stabilize a slowing economy, and emphasised that China is seeking a strong start to 2019 in the 1st quarter…

2. Massive fraud in the Congo – should we be surprised?...the Financial Times reported this morning that Martin Fayulu, the former ExxonMobil executive considered threatening to the interests of Joseph Kabila, was the clear winner of the country’s Presidential elections last month based on an analysis of 2 separate collections of voting data…this contradicts the claims from authorities that rival contender Felix Tshisekedi had won the historic vote…“The analysis points to huge fraud in the first change of power since Joseph Kabila took over the Presidency in the mineral-rich Central African nation nearly 18 years ago,” the FT report stated…an FT analysis of a separate set of voting results collected manually by the Catholic Church’s 40,000 observers and representing 43% of turnout shows that Fayulu secured 62.8% of this sample of votes…the results gathered across 28,733 polling points match almost perfectly the more extensive set of official results seen by the FT…the larger set of data, a spreadsheet containing more than 49,000 records, contains the true electronically-fed results that authorities have sought to conceal, according to a person with direct knowledge of how the data were obtained…

3. Wow – this is a breath of fresh air for the bloated, over-regulated and over-taxed Canada that lefties admire so much: The country’s largest capital markets watchdog kicked off a broad consultation yesterday aimed at reducing costly and outdated rules and lightening the regulatory burden on companies…long overdue, and it’s coming from Doug Ford’s Ontario…the aim is “to identify new actions we can take to save time and money for Ontario businesses by eliminating rules and requirements that are outdated or unduly burdensome,” stated Maureen Jensen, chair of the Ontario Securities Commission…“Our markets and businesses are better able to compete, innovate and flourish when we lighten the regulatory load, while maintaining strong protections for Ontario investors,” she added…if this trend can catch fire throughout the rest of Canada, the country will be a much better place to invest in…a huge competitiveness gap now exists between Canada and the U.S. thanks to far left federal and provincial governments that purport to be “compassionate” and “inclusive” – there’s nothing compassionate or inclusive about killing jobs and investment and saddling Canadians with ever-increasing carbon taxes in one of the biggest scams ever carried out in this country, aided and abetted by much of the mainstream media…

4. Marathon Gold (MOZ, TSX) announced this morning that it has commenced its 2019 winter drill program…“Drilling efforts at the Marathon deposit will focus on testing the high-grade core of the deposit.  The first 200 m drill hole has intersected abundant mineralization with visible Gold and the second hole is underway and currently in mineralization,” President and CEO Phillip Walford stated in a news release this morning…“The success of these drill holes was predicted by our geological model.  Additional winter drilling will be focused in the gap area between Marathon and Sprite where winter drilling conditions are preferred.  This area yielded good drill intersections last year and provides an opportunity for increased open pit resources.  There is also a section of this gap not drilled that is closer to the Marathon deposit that can be drilled in the summer”…last quarter’s updated independent PEA for the Valentine Lake Project outlined 2.7 million ounces of recoverable Gold (225,000 ounces per year for the first 12 years), a 30% IRR, a $493 million (U.S.) NPV(5%), a payback period of 2.5 years and an all-in-sustaining cost of $666 (U.S.) per ounce of Gold…

5. B.C.-based cannabis giant Tilray (TLRY, NASDAQ) is investing up to $250 million in a revenue-sharing agreement with Authentic Brands Group (ABG) – the parent company of brands such as Juicy Couture, Nine West and Aeropostale – to bring cannabis-infused products to the North American market…the partnership will involve Tilray leveraging some of ABG’s biggest brand names to create specific cannabis products that could be sold alongside certain lines of clothes or shoes or other beauty products, subject to regulation…“Tilray will be the preferred supplier of THC and CBD for cannabis-infused products bearing any of the brands in ABG’s portfolio,” according to a joint news release put out by the companies this morning…other iconic ABG brands include Marilyn Monroe, Nautica, Greg Norman and Vince Camuto…as the owner of more than 50 brands, ABG builds value by partnering with an expansive network of best-in-class manufacturers, operators and retailers…with a global retail footprint of over 100,000 points of sale and more than 4,500 branded freestanding stores and shop-in-shops, ABG’s portfolio generates approximately $9 billion (U.S.) in retail sales annually…reaching nearly 250 million social media followers across key digital platforms, ABG’s robust marketing arm drives growth and engagement for its portfolio, including connecting its brands with over 150 million targeted followers through Winston, its proprietary micro-influencer network…

6. The Dow is up 40 points through the first 30 minutes of trading…J.P. Morgan Chase (JPM, NYSE) has posted quarterly profit below analysts’ expectations for the first time in 15 quarters on weaker-than-expected bond-trading revenue…the bank generated $1.98 per share in profit for the 4th quarter of 2018, below the $2.20 per share average estimate of analysts surveyed by Refinitiv…the biggest shortfall appeared to come from the New York-based bank’s trading division, where fixed-income trading produced $1.86 billion in revenue, compared to the $2.2 billion estimate…in Toronto, the TSX is up 19 points while the Venture has slipped 3 points to 600 in early trading…the Eskay Camp has a new public listing…Etruscus Resources (ETR, CSE), with just 19 million shares outstanding, has been approved for trading starting today on the CSE…the company’s Rock & Roll Project is 7 km northwest of the past producing Snip mine…Etruscus was formed by key players in Metallis Resources (MTS, TSX-V)…Skeena Resources (SKE, TSX-V) has intersected 31 g/t AuEq over 14.7 m in the 21A Zone at Eskay Creek…the shallow extent of mineralization in 21A is potentially amenable to open-pit mining methods…21A represents a significant portion of the 2018 pit constrained resource hosted at Eskay Creek containing an Indicated resource of 207,000 oz AuEq grading 5.9 g/t AuEq and an Inferred resource of 418,000 oz AuEq grading 4.6 g/t AuEq…the Canadian Environmental Assessment Agency has given the go-ahead for IDM Mining’s (IDM, TSX-V) Red Mountain underground Gold project near Stewart…Catherine McKenna, Trudeau’s Minister for Earth, Water, Sun and Air, said Red Mountain “is not likely to cause significant adverse environmental effects and the project may proceed”…how gracious of her…Chemesis International (CSI, CSE), through subsidiary Natural Ventures, is up another 2 cents at $1.65 as of 7:00 am Pacific after launching its beverage division in Puerto Rico…

7. Charlotte’s Web Holdings (CWEB, CSE) has reported more than 10 x growth in harvested hemp compared to its 2017 grow season…the high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte’s Web products for sale in 2019 and 2020…“Charlotte’s Web is one of only a few hemp CBD producers capable of supplying large volumes of high-quality hemp extract from its own supply chain that can meet significantly increasing market demand,” stated Hess Moallem, President and CEO.  “As the category and brand leader, our goal is to increase our market share and with this bountiful harvest we are able to satisfy our customer demands for 2019 and beyond. This incredible harvest ensures we can continue to produce our high-quality human nutrition products without being subject to constantly fluctuating market prices as is common with third-party sourced raw material.  This allows us to have better control and predictability over our cost of goods sold and thereby our gross margins.  In addition, these harvest levels will allow us to explore opportunities to supply future partners with our proprietary hemp extracts”…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

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

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began