BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

BMR Morning Market Musings... - BullMarketRun.com

January 10, 2017

BMR Morning Market Musings…

Gold has traded between $1,181 and $1,191 so far today…as of 11:00 am Pacific, bullion is up $5 an ounce at $1,186…Silver has climbed 22 cents to $16.77…Copper has added 7 cents to $2.59…Nickel is up 5 cents at $4.74…Crude Oil has fallen 80 cents a barrel to $51.16 while the U.S. Dollar Index has gained one-fifth of a point to 102.03

India, one of the world’s top Gold consumers, experienced one of its bleakest years on record for Gold demand in 2016 as shipments into the country reportedly dropped by 46% last month – totaling just 56.9 tonnes, as compared to the 106 tonnes Indian buyers brought in during December 2015…according to data compiled by Bloomberg, Gold imports totaled 570.8 tonnes in 2016, down 44% from 2015

Now for some good news…Chinese buying ahead of that country’s Lunar New Year festivities beginning at the end of the month is a major factor contributing to Gold’s strength in the early going of 2017…tomorrow, meanwhile, we’ll find out if President-elect Trump’s first news conference (8:00 am Pacific) in more than 5 months will prove to be more positive for bullion than his November 8 election victory…the liberal mainstream (propaganda) media will do its best to turn tomorrow’s event into a circus, so anything’s possible…

You may recall that during last fall’s Presidential debates, the only moderator who asked a question pertaining to the U.S. debt (and it was the very last question of the debates!) was Chris Wallace of Fox News…it’ll be interesting to see if this issue gets more attention tomorrow…

Ask yourself this – does it make sense that the Venture would break out past key resistance at 784 if this move by Gold had no substance to it and bullion was about to plummet again?…

In Today’s Morning Musings

1. U-licious!…

2. Following the trail of the GoldQuest VMS discovery in the DR (something investors are forgetting)…

3. Tora! Tora! for GGI near the Copper Mountain mine (main show this month has yet to begin!)…

4. Part 1 of BMR audio interview with Colorado’s Adam Travis…

5. Daniel’s Den Silver optionality plays…

Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…


  1. TSXV – contains a lot of pot stox. is the push thru 780 all commodities pushing higher or does the pot euphoria take some of the credit?

    Comment by david — January 10, 2017 @ 12:50 pm

  2. GGI – wait what? it appears most if not all of the land around Tora Tora is locked up. So any IP or geochem work, can only be oogled by others , since there is no room for addt’l closeolgy staking. Unless they are dealing w Sego to get their property? GGI did work on Tora did work this summer . Just saying, If you want to get some excitement into a stock as you head into drilling, kinda makes sense to throw some data at us, other than incomplete assay results from the ’90’s. Mkts love colorful maps. Based on the depth of the historic hole, approx. 160M, GGI can do 2 to 4 holes with the FT cash in hand. Weather improves a lot possibly by the weekend FWIW

    Comment by david — January 10, 2017 @ 1:14 pm

  3. David, they did state that they were very patient with the property so it only makes sense they have quite a bit of data in hand that’s not being shared at this time. Hopefully the drill bit tells the story and then the nice colourful maps. I agree though, why not show them now and create some excitement. Maybe they don’t want us to get our expectations up just yet. There will be plenty of promotion though with E&L.

    Comment by Dan1 — January 10, 2017 @ 2:24 pm

  4. My mail from ggi this morning at the very top said, GGI commences drilling at tora tora. So maybe they are already underway, just ease back on the hammer Steve, and pull the trigger again on e&L and then we’ll see the sp move up real quick. Should be a good Jan. And please! Jane up in the oil sands I hope you froze your a** off, just go back to Hollywood,PATHETIC!!!

    Comment by Laddy — January 10, 2017 @ 4:34 pm

  5. Speaking of “The Drill Bit Will Tell The Story”
    DBV news on first batch (Holes 23,24,25 & 26) should be out in the next week I think.
    Love the lack of anticipation in the shareprice.
    Helps to eliminate the “sell on news scenario”

    When does BMR intend to roll out the Chad Day “Exiting stage left” update?

    Comment by Blue Beryl — January 10, 2017 @ 5:48 pm

  6. Hi Jon, any word from Adam on when the drilling will start in Nevada? Cxo

    Comment by Greg — January 10, 2017 @ 10:04 pm

  7. This is almost like waiting for a jobs report, geez!

    Comment by Laddy — January 11, 2017 @ 5:47 am

Sorry, the comment form is closed at this time.

  • All Posts: