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BMR Morning Market Musings... - BullMarketRun.com

February 15, 2017

BMR Morning Market Musings…

Gold has traded between $1,224 and $1,228 so far today…as of 2:00 am Pacific, bullion is down $2 an ounce at $1,226…Silver is off slightly at $17.84…Copper and Nickel are flat at $2.73 and $4.88, respectively…Crude Oil is 34 cents lower at $52.86 while the U.S. Dollar Index has rallied another one-fifth of a point to 101.42

Any dips in Gold are being bought into by safe-haven investors who see a more chaotic world unfolding in 2017 including fresh troubles in the euro zone…

Holdings of the largest Gold-backed exchange-traded-fund (ETF), New York’s SPDR Gold Trust, rose another 0.50% yesterday…SPDR says it has been certified as “sharia compliant’, its latest effort to spur demand for bullion from investors in majority-Muslim countries…

Searching for any fresh catalysts, investors are eyeing a batch of U.S. economic data due out later today including the consumer price index (CPI) and retail sales…

Fed Chair Janet Yellen

Ma Yellen is back on Capitol Hill this morning for her 2nd and final day of testimony before Congress…yesterday, the Fed Chair played the part of both dove and hawk in her remarks, reiterating that rate hikes would be gradual but pointing out that it would be “unwise” to wait too long to hike again…Yellen also pointed to a number of uncertainties, including changes in U.S. policy and productivity growth, that could alter the Fed’s timeline…however, on balance, Yellen’s remarks were interpreted to be somewhat more hawkish than expected…she said “incoming data” backs up that inflation is trending toward 2% and the job market is retaining its soundness…

Wall Street saw no reason to panic over anything Yellen said yesterday and smashed records yet again, closing at all-time highs for the 4th session in a row…

The 3 most popular BMR articles the past several days…

Capitalizing on Cobalt (Part 3) – Overlooked Opportunities!

Eskay Heart of Gold Camp Update and the “Q” vs. the “Ovoid”

Venture ALERT:  Ready To Conquer Last Year’s High

On The Road To Cobalt, Ontario!

This is an early edition of Morning Market Musings as part of the BMR team is now making its way to Cobalt, Ontario, for special reports over the next week from the burgeoning northern Ontario Cobalt Camp…while this important and timely visit is being carried out, we’re also advancing our coverage of the amazing Eskay “Heart of Gold Camp” in northwest British Columbia – a separate section at BMR will soon be dedicated specifically to that Camp where the hunt is on for the next Eskay Creek as well as Voisey’s Bay West and much more…stay tuned!…

Meanwhile, Daniel continues to closely follow the Valentine Gold Camp in central Newfoundland where Marathon Gold (MOZ, TSX) is leading the charge with exciting new drill results and a potential multi-million ounce deposit…

BMR site visit to Cobalt, Ontario! – should update the sign to Cobalt and Silver Capital of Canada!

Capitalizing On Cobalt

The Cobalt train is picking up speed – we prepared subscribers for this moment last year – but it’s still not too late for investors to hop on that train now for the exciting ride ahead (use BMR as your tour guide)…

The world’s highest Cobalt grades are found at and around Cobalt, Ontario, and much was left behind in the aggressive pursuit for Silver riches a century ago…miners often followed massive Cobalt to get to the Silver as Cobalt wasn’t in such high demand back then…

How things have suddenly changed!…Cobalt of course is now used in Lithium-ion batteries, and its ability to withstand intense temperatures and conditions makes it perfect for high performance alloys in permanent magnets, prosthetics, turbine blades, gas turbines and jet engines…it has many other uses as well…

Cobalt prices keep pushing higher with analysts forecasting steady increases in demand over the next several years while more than 50% of world supply is dependent on the politically unstable Congo, and that’s a major story in itself that we’ll be covering (a travesty, actually, when one considers how many thousands of children are being abused and killed each year in the Congo in the desperate push to recover lower grade Cobalt)…

Our exclusive coverage from northern Ontario will be unmatched in the industry, educating investors about both the enormous opportunities and the risks involved in what’s shaping up as a Cobalt “boom” in a part of the country that was once world famous – far exceeding Klondike Gold towns – for its incredibly high-grade Silver with vast quantities produced historically beginning shortly after the first big find in 1903

Cobalt in the early 1900’s rapidly grew from a relatively remote wilderness area with a few prospector tents to a thriving town with a population of more than 10,000 featuring a dozen hotels, a hospital, 4 banks, 9 restaurants, a National Hockey Association team (forerunner of the NHL), even an opera house, and of course a mill and a shaft in the heart of downtown…

The history of this district is remarkable, yet Canadians know little about it…therein lies the opportunity for astute investors who quickly learn about this area and apply that knowledge to their market decisions before the masses begin stepping in when the mainstream media starts pushing the story…

Information is power – BMR will separate fact from fiction and give subscribers no-nonsense material on the companies with the best chance at success in this rapidly re-emerging district prior to upcoming exploration and drill programs…

As we head to northern Ontario to prepare for our coverage, there will be no Morning Musings or 7 @ 7:00 tomorrow or Friday…however, check back for possible separate posts as market conditions warrant…

In Today’s Morning Musings

1. MMS and CUZ combine for more than 37 million shares traded yesterday!…

2. The 2 most undervalued plays in the northern Ontario Cobalt Camp…

3. Daniel’s Den Benton Resources update plus that little gem called Candente!…

Profit from our upcoming exclusive coverage of the northern Ontario Cobalt Camp, the Eskay Heart of Gold Camp and the Valentine Gold Camp!…

SAVE 25% on a BMR subscription with our Winter Special, extended for a few more days to accommodate reader requests…subscribe risk-free to a BMR Basic, Gold or Pro Subscription TODAY – and we’ll show you our proprietary strategies that have delivered unbeatable documented triple-digit returns…

New subscribers receive an industry-leading 100% money back satisfaction guarantee, so try us out and super-charge your portfolio with the best speculative picks and commodity analysis you’ll find anywhere!…

Sign up NOW or login as a current subscriber with your username and password…


  1. DBV: Recent drill holes extend Lisle Zone mineralization 75m to the east.

    Comment by Robert — February 15, 2017 @ 3:45 am

  2. What are the thoughts on DBV results? Not the sexy grades people were hoping for, but seems to still be expanding the size of the Hat….thoughts?

    Comment by Steve A. — February 15, 2017 @ 7:22 am

  3. Thoughts on dbv that a guy should’ve got out while he could , thing appears to be a joke having regrets myself for staying in it so long

    Comment by T — February 15, 2017 @ 7:51 am

  4. Over reaction “sell on the news”? Thoughts Jon?

    Comment by Sameer — February 15, 2017 @ 8:09 am

  5. Jon, precipitous drops on 3 of our favs this morning: BLO down 10 percent since tues close, CNZ down 7 cents on no apparent news, and DBV also down 30 percent already this morning. Should we be worried, or taking action?

    Comment by dermo63 — February 15, 2017 @ 9:01 am

  6. Traveling, Sameer…run-ups immediately prior to drill results always heighten the risk…chart showed resistance at .17, we’ll see if .13 can hold as support but the top of the downsloping channel will for sure. At least Farshad has money to resume drilling.

    Comment by Jon - BMR — February 15, 2017 @ 9:31 am

  7. Its always dangerous to hold just prior to assays released.

    that is why I love GGI. The real run has not even started yet and it could be .50 to .60 before assays released.

    Buy the babies that are still in their infancy as Jon said earlier.

    Comment by dave — February 15, 2017 @ 10:16 am

  8. Dave – I agree with that but the problem is the market doesn’t have confidence in GGI delivering assays and therefore there won’t be a run up in anticipation of this…

    Comment by Dennis — February 15, 2017 @ 10:42 am

  9. I read you Dave. GGI rarely release results so a good long term hold.

    Comment by PaulH — February 15, 2017 @ 11:07 am

  10. Dennis, I think you are wrong on this one. Just wait until the 3D model and helibourne VTEM is released. If they are what most think, there will be a flurry of investors trying to get on the GGI train. Don’t underestimate the power of influence of Goldie and Makela.

    Comment by Dan1 — February 15, 2017 @ 12:03 pm

  11. “GGI rarely release results so a good long term hold.” LOL. that was a good one ! maybe add it to the header of the website

    Comment by david — February 15, 2017 @ 12:23 pm

  12. dave, I have always agreed with your statement “Its always dangerous to hold just prior to assays released.”

    This is so true, much more often than not assay results disappoint.

    The other statement I have always agreed with (from Brian Fagan who wrote the Fagan report) is “The money is made in the buying”. You need to get to the party early and not be the last one to leave.

    Comment by Danny — February 15, 2017 @ 2:19 pm

  13. Danny, so true.

    Dennis, things change. I have found through the years the market does not give a rats poop who the ceo is if the numbers stun you.

    Comment by dave — February 15, 2017 @ 3:34 pm

  14. Danny, forgot to add the truth to fagan. the money is made on the buy, not the sell. the sell only determines if you leave cash on the table by not timing the top correctly. When GGI broke the last resistance of .17, it was a guessing game how high it would go, unless you took it to the much higher fib.

    GGI is not .05 or .10, the chart is in an uptrend, but this is still a “making money when you buy now” situation. I feel that a lot of people will get caught off guard. There is one retail guy (sorry, no names) that wants to lock in shares shortly. this retailer alone can run GGI up to .40 now. This is going to get real real exciting in my personal opinion. Just like I called it dropping to .05 when it was .15 couple years ago, I am making the same bold call now in the other direction.

    Comment by dave — February 15, 2017 @ 3:43 pm

  15. Dave, that retail guy if he gets in may want to consider it before the 3D model is released on E&L. And according to the last NR it will coincide with the plan for the VTEM. It should get real interesting the next few weeks for sure.

    Comment by Dan1 — February 15, 2017 @ 6:36 pm

  16. dave, hope you are right with GGI, I am fortunate to be in cheap here, the next few months will be real interesting.

    Comment by Danny — February 15, 2017 @ 6:50 pm

  17. Dave- your input and your additional pieces of info re:GGI going ons are appreciated. Thanks!

    Comment by Johnz — February 15, 2017 @ 10:04 pm

  18. Hold on to your hat, and I don’t mean DBV. lol

    Comment by dave — February 16, 2017 @ 7:12 am

  19. The chart on GGI is showing a breakout soon, it is setting up nicely, even if it drops to .17, it is in a bullish pattern.

    Comment by dave — February 16, 2017 @ 7:25 am

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