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March 11, 2018

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February 25, 2018

Sunday Sizzler Report

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February 18, 2018

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February 13, 2018

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,324 and $1,332 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,325…reality is setting in that the U.S. government is now facing the prospect of trillion dollar annual deficits as far as the eye can see, and that should lend further support to bullion at $1,300…Silver is relatively unchanged at $16.54…Copper and Nickel are both pushing higher on the heels of President Trump’s $1.5 trillion infrastructure plan revealed yesterday…Copper is up 8 cents at $3.15 while Nickel has surged 14 cents to $6.03…Zinc is up 3 pennies at $1.59 while Cobalt continues to trade at a decade high of $36.97…Crude Oil has slipped 69 cents a barrel to $58.60 while the U.S. Dollar Index has plunged nearly half a point to 89.69

2. U.S. government debt yields slipped this morning as investors prepare for key inflation reports…the Labor Department is set to release its monthly Consumer Price Index (CPI) data tomorrow…that report, along with the Producer Price Index (PPI) on Thursday, will be scrutinized by both traders and Federal Reserve officials for any signs of price movement in the economy…

3. The recent stock market correction and jump in volatility will not impact the economy’s overall strong prospects, Cleveland Federal Reserve President Loretta Mester emphasized this morning at a Chamber of Commerce event in Dayton, Ohio…she warned against any overreaction to the turbulence in financial markets, and added that inflation should pick up this year but not at a rate that requires a faster Fed reaction.  “I expect the economy will work through this episode of market turbulence and I have not changed my outlook. In my view, the underlying fundamentals supporting the economy are very sound,” Mester stated…

4. Talk is cheap, but Canadian Natural Resources Minister Jim Carr says Ottawa will not entertain any attempts by British Columbia to stall or stop the expansion of Kinder Morgan’s Trans Mountain pipeline.  “If that is the goal of any province, we will take the necessary action to ensure that federally approved resource projects proceed,” Carr stated…it’s a fair question to ask, why only now are the feds supposedly talking common sense to the B.C. government when the Green Monster made it clear months ago, upon stealing the reigns of power in the province, that it will “employ every tool available…to stop the expansion of the Kinder Morgan pipeline” (exact wording of the signed power-sharing agreement between the NDP and the Green Party)…the federal government has a great sense of urgency when it comes to legalizing marijuana and getting pot to market, but that same sense of urgency has not been applied to getting landlocked Canadian Oil to overseas markets…all of Canada is getting hurt as a result…Alberta Premier Rachel Notley says the feds have just “days” to make progress on this file or Alberta will take additional action beyond last week’s ban on B.C. wine imports (how effective that ban will actually be is questionable, but at least it got the feds’ attention)…international investors are watching closely to see if the federal government has the guts and wisdom to enforce its powers and overcome the multitude of far left green globalist activists who are leading a “War on Oil” in this country…

5. U.S. stocks have pulled back modestly in early trading after posting their best 2-day advance since the last unnecessary panic which was Brexit…the Dow has retreated 139 points as of 7:00 am Pacific…in Toronto, the TSX has slipped 67 points while the Venture is off 1 point at 823Probe Metals (PRB, TSX-V) continues to deliver strong results from its Val d’Or East Project in northwest Quebec, setting the stage for a significantly higher valuation once Gold stocks in general finally start to gain traction…results from an additional 24 drill holes totaling over 12,000 m at Val d’Or East show expansion of all 4 Gold zones…an updated resource estimate, incorporating new drill results from the 2016 and 2017 programs, is expected shortly…mineralization at the New Beliveau deposit has been delineated over an expanded area of more than 1 km by 500 m and to a depth of over 900 m…

6.  An updated mineral resource estimate for Seabridge Gold’s (SEA, TSX) Iron Cap deposit in the Eskay Camp has increased both its size and grade including a tripling of Inferred resources to 1.3 billion tonnes @ 0.48 g/t Au, 0.30% Cu and 2.9 g/t Ag (20 million ounces of Gold and 8.6 million pounds of Copper)…Indicated resources are up nearly 7% in tonnage (though down in Gold grade) to 347 million tonnes @ 0.43 g/t Au, 0.23% Cu and 4.2 g/t Ag (in total, more than 14 million net ounces of Gold have been added to overall resources)…Iron Cap is one of 4 large Gold/Copper porphyry deposits within Seabridge’s 100%-owned KSM Project…the updated resource estimate incorporates all previous drilling plus 10,400 m of diamond core drilling completed in 11 holes drilled in 2017, all of which returned wide zones of significant grade…Seabridge Chairman and CEO Rudi Fronk stated, “All our objectives at Iron Cap were more than accomplished last year. A larger, richer Iron Cap deposit is expected to take a more prominent place in our mine planning. We believe Iron Cap has the potential to make a strong contribution to improving project economics thanks to its higher grade and its favorable capital and operating costs due to its location close to planned infrastructure.  Although we think that a $16 NSR is the right cutoff in the current environment, we are pleased to see that substantial tonnages at much higher grades are also possible if required in the future. Furthermore, we think that the size and grade of this deposit can continue to grow with further drilling.”

7. Datametrex AI (DM, TSX-V) is out with more news again this morning after yesterday’s mid-morning announcement…the company says that through its Nexalogy AI subsidiary, it’ll be augmenting its service offering to the Fortune 1,000 to include an artificial intelligence product that focuses on key competitive analysis and stock market awareness, allowing public companies to gather intelligence and also target specific sector campaigns more effectively…yesterday, DM jumped on mid-morning news that it has entered into a definitive agreement (through its Graph Blockchain subsidiary) to develop a large-scale graph database and blockchain solution prototype in partnership with IBM for a Korean conglomerate advancing an electric power and utility project…the solution will assist in analyzing charging stations…the value of the prototype is approximately $400,000…the project will use all of Graph’s unique IP (intellectual property), which DM says provides a compelling way of organizing, analyzing and displaying blockchain transactional data in real time…the graph database technology being developed processes blockchain data up to 1,000 times faster than traditional methods from 7 transactions per second to 7,000 transactions per second…additionally, information can be displayed much faster and more effectively…it is believed to be one of the most effective technologies to store, manage and present blockchain transactions specifically in peer-to-peer networks and has shown unique advantages for this energy-related prototype solution…

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February 11, 2018

Sunday Sizzler Report

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February 4, 2018

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January 28, 2018

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January 25, 2018

7 @ 7:00

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1. Gold has hit a new 4.5-month high, trading between $1,356 and $1,367 so far today…as of 7:00 am Pacific, bullion is flat at $1,358…Silver is off slightly at $17.50…on the base metal front, the big story is Nickel which is now above $6 a pound for the first time in 3 years…significantly, Nickel is breaking out above a long-term downtrend line going back to 2011 which implies the possibility of a very strong run this year after a turnaround in 2017…Nickel pushed as high as $6.21 this morning and is currently up 6 cents at $6.11…Copper and Zinc are steady at $3.22 and $1.58, respectively…Crude Oil is 13 cents higher at $64.60…Brent Crude hit $71 a barrel today for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. Crude inventories and a weaker greenback…in a further sign the glut is clearing, U.S. Crude inventories have fallen for a record 10th straight week to the lowest since February 2015…the specter of growing output of U.S. shale Oil is being offset by multiple bullish factors including global demand that’s stronger than most analysts expected…the U.S. Dollar Index is trying to stabilize, off just slightly at 89.03 after hitting its lowest level since December 2014

2. The European Central Bank did the expected today and left interest rates unchanged, suggesting they will remain at current levels for an “extended period of time”…however, the euro is pushing higher…traders have noted that despite comments from ECB President Mario Draghi today, easy monetary policy in the region is likely coming to an end…the euro zone is seeing its best economic growth in a decade, leading economists and policymakers to upwardly revise their economic forecasts for several major European countries…late last year, the ECB increased its growth forecast for 2018 to 2.3%, up from 1.8% previously…this is all very positive for the metals space…

3. U.S. equity markets are at their most technically “overbought” levels since Bill Clinton was President, but that may actually be a good thing…the S&P 500’s 14-month relative strength index (RSI) has surpassed 87 for the first time in nearly 22 years, a fact pointed out by Ari Wald, head of technical analysis at Oppenheimer…that’s a level it has reached only 1% of the time since 1930 – the other periods in which the measure moved that high were in 1996, 1986 and 1955, three of the strongest bull markets in history…in 1996, the RSI hit 87 in June – from there to the market peak, the S&P 500 rose 128%…a decade earlier, the RSI reached similar levels and the S&P 500 proceeded to gain roughly 50% through to the bull market’s high…going further back, in 1955, the RSI peaked at 88 in July and gained around 15% through to the top of its bullish stretch…

4. U.S. markets are on track for new record highs again today…the Dow is up 26 points through the first 30 minutes of trading…positive earnings reports continue to underpin equities…in Toronto, the TSX has slipped 52 points while the Venture is off 6 at 888iMetal Resources (IMR, TSX-V) reported this morning that it continues to find high-grade mineralization (Gold and Copper) in surface sampling over wide sections at its Gowganda West Project, contiguous to Tahoe Resources‘ (THO, TSX) 4 million ounce Juby deposit in northern Ontario…IMR is proceeding quickly toward first-ever drilling…on the CSE, Global Blockchain (BLOC, CSE) has been halted, pending news, while a stock starting to come to life this week has been Torino Power Solutions (TPS, CSE) which is making headway with its power line monitoring technology for utilities and other infrastructure entities…

5. Garibaldi Resources (GGI, TSX-V) has reported more high-grade Nickel-Copper results this morning from its massive sulphide discovery at Nickel Mountain in the heart of the Eskay Camp…of particular importance, however, is a new geophysical discovery of apparent greater magnitude than the one that helped lead geologists to Discovery Hole EL-17-14 (8.3% Nickel and 4.2% Copper over 16.75 m within a broader 40.4-m interval highlighted by 3.9% Nickel and 2.3% Copper plus Palladium, Platinum, Cobalt, Gold and Silver)…two “unusually strong conductive zones” – essentially “super” conductors greater than 10,000 Siemens – have been identified, interpreted to represent massive sulphides over broad areas at depth immediately below EL-1714 and south of the historic deposit adjacent to the east…an aggressive, fully-funded 2018 exploration and drilling program resumes this quarter…”HC2” south of the historic deposit and trending SW-NE may have implications for neighbor Metallis Resources (MTS, TSX-V)…according to Dr. Peter Lightfoot, one of the world’s premier Nickel sulphide experts, Nickel Mountain is producing some of the highest Nickel grades recorded in magmatic sulphide ore deposits on a global basis.  “The depth and lateral extent of Nickel-Copper-rich sulphide mineralization in the discovery and northwest zones is entirely open, creating a compelling combination of high grades and potential scale with this unique Eskay Camp system. A major expansion of drilling will be guided by an enhanced geological understanding and proof of concept with geophysics,” Lightfoot stated…

6. ML Gold (MLG, TSX-V) has mobilized a geophysics crew to its Stars Project near the Huckleberry mine in central British Columbia…the primary focus of the geophysics program will be to collect detailed airborne magnetic data around recently drilled hole 4 which intersected significant visible chalcopyrite mineralization over 300 m (assays pending)…recent drilling has discovered the presence of a large Copper zone within a porphyry system occurring in host rocks similar to those associated with the Huckleberry mine to the south…drill targeting to date has been primarily focused on IP chargeability and resistivity anomalies…these IP anomalies appear to be associated with a large propylitic halo typified by pyrite mineralization…recent developments, based on ML Gold’s preliminary drilling observations, have shown that there is a Copper-rich zone within one of the highest chargeable areas, surrounded by a large pyrite halo…currently there are no distinctions in the chargeability signature between chalcopyrite, pyrite and the different rock types, as the high chargeability anomaly extends across all…the detailed airborne magnetic survey will greatly assist in follow-up drilling around hole 4 which is anticipated to begin early next month…

7. Canada and Australia may be more connected than scientists ever imagined…new research from Australia’s Curtin University reveals that, about 1.7 billion years ago, part of northern Australia may have once been part of Canada…the study, published in the journal Geology,  found that rocks in Georgetown, Australia bear a striking resemblance to rocks found in modern-day Canada, and the rocks are not found anywhere else in Australia…Adam Nordsvan, the PhD student behind the research, said the report reveals a previously unknown story behind Nuna, an ancient supercontinent that once included Greenland, India, North China and part of West Africa…researchers say a chunk of northern Australia was once physically connected to part of northwestern Canada…the proof, researchers say, is that the distinct sedimentary rocks that both regions share…the two pieces of land eventually separated, and after about 100 million years, the small piece of Aussie land collided with part of northern Australia, becoming a permanent part of the continent…this theory has been floated before but the new research provides strong new evidence of the ancient link…

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