BullMarketRun.ca

Welcome to our site, or at least the initial version of it!  BMR has been online for two years and strictly through word-of-mouth we have built a loyal following. 

We’re continuing with our plans to ultimately build a very unique investment and money-management resource site that goes considerably beyond what we have now.  While we focus very much on the Gold market and trends in the global economy, and of course the technical health of the TSX Venture Exchange (CDNX), an important component of this site will always be original research on undiscovered junior exploration companies or small producers, mostly in the Gold exploration space, that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity.  However, investors must understand that these are still highly speculative situations and entail considerable risk, volatility and unpredictability.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. Always perform your own due diligence and please read our disclaimer at the bottom.

We use a combination of fundamental and technical factors in determining the value and potential of a stock.  In terms of fundamentals we look for a company with a superb project supported by strong management.  Management must possess integrity, solid ethics and a determination to succeed and build shareholder value.

At BullMarketRun (BMR) we approach the handling of money from a biblical perspective and this is an important topic we will be sharing with our readers (and listeners) as the site continues to develop. The Bible teaches so much about money and how to handle it and invest it –  there are literally thousands of verses on how we should handle the money and possessions that God entrusts us with.  By examining the life of Jesus and reading the Word of God, we can all become fully equipped to be successful investors and handle money wisely.  If it’s the other way around –  if you’re a slave to money by being in debt for instance, or if you don’t respect the value of money and spend it foolishly –  you’re in trouble and you’ll never be blessed financially.  We have a God who thinks big – He created the universe – and He wants us to think big  in every area of our lives.  When we handle money from a Biblical perpective (His money that we have been given stewardship of) He will bless our financial decisions and an increase of tenfold or a hundredfold is always possible.  This all begins, of course, with a personal relationship with Jesus Christ by accepting Him as your Lord and Savior and putting Him at the throne of your life.  It is the most important decision you’ll ever make.

God Bless,

Terry Dyer

Owner/Publisher, www.BullMarketRun.com

Disclaimer:

BullMarketRun.com (BMR) is completely independent from any companies it covers.  BMR accepts no compensation of any kind from any groups, individuals or corporations for coverage of any company mentioned on this site.  We accept no advertising either.  Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.  We are not Registered Securities Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction. It should be assumed that BMR personnel, writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.  Owner/Publisher of BullMarketRun.com is Terry Dyer of Langley, British Columbia.

Forward Looking Statements:

All statements in BMR’s reports, other than statements of historical fact, may be forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Gold is finding support as expected around $1,750, an encouraging sign…as of 8:40 am Pacific, the yellow metal is down $9 an ounce at $1,755 after dipping as low as $1,748…the next major resistance on the Gold chart is $1,800, a level we could easily see next week…Silver is off 28 cents at $34.20, Copper is essentially unchanged at $3.59, Crude Oil is down55 cents to $93.52 while the U.S. Dollar Index has climbed more than one-third of a point to 77.12…

With the Dow off 150 points and TSX down nearly 100 points, the CDNX is in negative territory but off just 6 points to 1636…the 10-day moving average (SMA), currently at 1605, has been providing excellent support during the move since October 4 and that should continue…strong secondary support exists around 1575 which also coincides, approximately, with the 20-day SMA…this market, however, continues to be very selective and volume needs to increase significantly to carry this advance beyond 1700 which is the top of the resistance band has John has illustrated…

The U.S. jobs market remained stuck in neutral during October with the economy creating just 80,000 new jobs as the stubbornly high unemployment rate nudged just slightly lower…amid few expectations that the employment picture has improved, government numbers this morning showed the unemployment rate at 9% where it’s likely to hover for many more months…the total job creation was a bit lower than the 100,000 that economists had expected…the report comes just days after the Federal Reserve delivered its own body blow, saying the unemployment rate will go no lower than 8.5% to 8.7% by the end of 2012 and will remain in the 6.8% to 7.7% range through 2014…

Greek Prime Minister George Papandreou faces a confidence vote in Parliament later today that could determine whether his country will stay in the euro zone or leave the single currency and default on its debts…meanwhile, investors are also watching developments in Italy, which has agreed to have the IMF and EU monitor its progress on long-delayed economic reforms…

John has three charts to share this morning (Lake Shore Gold, Prodigy Gold and Greencastle Resources), ones that we had intended to post yesterday…we’ve had some inquiries regarding Lake Shore (LSG, TSX) which will be releasing its third quarter results next Wednesday…the stock jumped 26 cents yesterday to $1.86 on huge volume…below is John’s take on LSG which is currently down 6 pennies to $1.83…

Prodigy Gold (PDG, TSX-V), one of our favorites, released a very positive updated resource estimate for its Magino Gold Mine Project Wednesday and the stock climbed as high as 79 cents yesterday…it has since backed off to 70 cents…below is John’s PDG chart, produced immediately prior to the trading halt, which shows resistance at 80 cents…

Greencastle Resources (VGN, TSX-V) put out some news on its Blackwater-area property and the stock closed up 2.5 pennies at 17.5 cents on over 400,000 shares, the best volume this year…as of 8:40 am Pacific, VGN is off a penny at 16.5 cents…

Gold has enjoyed a powerful day, dropping as low as $1,721 overnight but rebounding and pushing through the important $1,750 area…as of 9:20 am Pacific, the yellow metal is up $23 an ounce at $1,760…Silver is flat at $34.28, Copper is off a penny at $3.56, Crude Oil has gained $1.27 to $93.78 while the U.S. Dollar Index has fallen one-third of a point to 77.03…this is an abbreviated edition of Morning Musings due to family matters (Jon)…we apologize and appreciate your understanding…

The political/economic situation in Greece, albeit serious, is almost starting to turn comical as it changes by the minute…it’s very easy to see how this country got into such a financial mess…throwing more money at them won’t solve the problem…the nation simply may need to go bankrupt, leave the euro zone and figure things out on its own…the ECB has cut its main refinancing rate by 25 basis points to 1.25% as worries about the euro zone’s worsening debt crisis outweighed concerns over persistently high inflation…the pace of growth in the vast U.S. services sector slowed modestly in October to its lowest level in three months but new orders for U.S. factory goods unexpectedly rose in September, according to reports released today…

Markets are buoyant…the Dow and TSX are showing triple digit gains…the CDNX continues to power higher, though volumes are still sluggish…the Venture is up 10 points at 1632 and appears ready to test the top end of the resistance band around 1700…this is an advancing market for now but it’s also extremely selective…the Index is moving above its still-declining 50-day moving average (SMA) for the first time since the summer…

Prodigy Gold (PDG, TSX-V) has released an updated 43-101 resource estimate for its flagship Magino Mine Gold Project in northern Ontario, and the stock has responded favorably…the resource has more than doubled and now contains indicated resources of 2,176,000 ounces grading 1.00 g/t Au  (67.6 million tonnes) and 1,721,000 ounces of inferred resources grading 0.99 g/t Au (54.2 million tonnes)…PDG is currently up 7 cents to 71 cents after touching a day of 79 cents…

Canaco Resources (CAN, TSX-V) released a very positive exploration update this morning on its Handeni Project in Tanzania…this stock has excellent liquidity and has been gaining technical strength recently as John has pointed out…there’s also a huge gap between the current price and the 100 and 200-day SMA’s which are sitting just under $3.00 and $4.00, respectively – a gap that can be expected to narrow significantly, likely through a rising price given the chart patterns and the fundamentals…to reach 1700, this Index needs some heavy lifting from the likes of Canaco and Noront Resources (NOT, TSX-V)…Noront has been delivering, now it’s Canaco’s turn…CAN is currently off a penny at $1.87…this company has $120 million in cash and what’s believed to be a multi-million ounce deposit…they are drilling 11,000 metres a month with nine drill rigs at Magambazi…an initial NI-43-101 resource estimate is expected by the end of the first quarter of next year…

Richmont Mines (RIC, TSX) is looking stellar and we’re expecting a very strong third quarter earnings report from the company any day now plus a likely major increase in 43-101 resources for Wasamac by the end of next month…RIC is up 22 cents at $12.53…

Greencastle Resources (VGN, TSX-V) came out with news this morning on its Blackwater-area properties and the stock is up 2.5 cents to 17.5 cents on decent volume…for now it faces resistance at its declining 200-day SMA at 19 cents…

Gold continues to look strong and is up $21 an ounce to $1,741 as of 8:15 am Pacific…how soon it blasts through resistance in the $1,750’s is anyone’s guess, but the chart is bullish as John has shown…Silver is 85 cents higher at $34.30, Copper has gained a dime to $3.60, Crude Oil is up 93 cents to $93.12 while the U.S. Dollar Index has fallen three-quarters of a point to 76.75…

Gold producers are shining again today along with the yellow metal…the best plays in the market for Gold bugs continue to be the producers and those exploration companies with very advanced properties and significant 43-101 resources (or pending 43-101’s)…companies such as Gold Canyon Resources (GCU, TSX-V), Spanish Mountain Gold (SPA, TSX-V), Probe Mines (PRB, TSX-V) and Canaco Resources (CAN, TSX-V), just to name a few, have each made great progress on the ground over the last year and will ultimately be rewarded by the market accordingly…Gold Bullion Development (GBB, TSX-V), while it has a terrific project on its hands, has been punished for lack of efficiency on the ground and delays in producing a 43-101…the LONG Bars Zone, however, remains an exciting target…

Richmont Mines (RIC, TSX) continues to be one of our favorite smaller producers with third quarter earnings due shortly (they should be robust) and an updated 43-101 resource estimate for Wasamac (likely next month)… based on drill results to date, Wasamac could easily jump from 1.4 million ounces (all categories) to 2 million ounces…ultimately, Wasamac has multi-million ounce potential as considerably more exploratory drilling is possible over the very promising eastern extension area and at depth under the entire deposit…Richmont is up 36 cents at the moment to $12.49…the RIC chart is bullish and the stock appears ready to take a run at a new all-time high…the fundamentals support that…RIC’s production for 2012 is expected to increase by at least 30% to over 100,000 ounces…we continue to like Visible Gold Mines (VGD, TSX-V) very much for the promising ground it controls west, south and east of the Wasamac Property…

Another producer we love is New Gold Inc. (NGD, TSX) which is staging an important breakout this morning through the $12.70 area as John’s chart details…as of 8:15 am Pacific, NGD is up 25 cents to $12.85…

With Gold expected to hit $2,000 or better, investors should also check out the Kinross “D” warrants (K.WT.D) which have not yet recovered from the slump over the last six weeks or so…they are trading at $2.45 this morning and the Kinross chart is looking healthier…the warrants are risky but don’t expire for nearly three years and offer fantastic leverage in the event the producers really start to take off with the Gold price…the CDNX found support as expected around the 1575 area and appears ready to take a run at the 1700 level as John had previously predicted…it’s currently up 31 points at 1620…investors must be extremely selective in this market and stick to companies with strong cash positions, favorable chart patterns, excellent properties and superior management…

Manitou Gold (MTU, TSX-V) has reported stellar results this morning from its Gaffney Project in northwestern Ontario – 75.1 metres grading 2.4 g/t Au in its deepest hole completed to date (232.4 to 307.5 metres)…Gold mineralization displayed exceptional width and continuity with increasing depth…mineralization remains open both along strike and downdip…MTU is up slightly, trading in the mid-60’s…this one could get quite interesting…

Gold retreated to strong support this morning and has since jumped back up over $1,700 an ounce…it fell as low as $1,681…as of 8:40 am Pacific, the yellow metal is down $11 an ounce at $1,704…Silver is $1.03 lower at $33.21, Copper is off 8 cents at $3.52, Crude Oil is down nearly $3 a barrel at $90.40 while the U.S. Dollar Index has gained a full point to 77.52…

Markets took a hit this morning on renewed fears over the euro zone debt crisis after a perplexing and controversial decision by Greece to call a referendum over its debt bailout…the European mess continues and it’s not going to end anytime soon…in addition, prospects for global growth were dampened by data from China showing the country’s big manufacturers ran at their slowest pace since October 2009 with the official purchasing managers’ index (PMI) falling to 50.4 in October from 51.2 in September…meanwhile, the pace of growth in the U.S. manufacturing sector unexpectedly slowed in October while growth in U.S. construction spending also eased in September, according to separate reports released this morning…

The CDNX is down 33 points at 1582…the 1575 area that we identified yesterday as potential strong initial support on a pullback is holding so far…the Index has a lot of heavy lifting to do as we wrote over the weekend as it’s battling a very strong resistance band between 1600 and 1700…our “big picture” view is that this is a market (a bear market) to be extremely careful with right now…however, on the encouraging side, Gold is performing well and looking very bullish, though a potential explosion in Gold due to the European debt crisis and a host of other fires that could re-ignite would of course not be positive for equities…in addition to Gold, though, John is also seeing bullish signs in the CRB Index which is interesting as shown in the chart below…it’ll be important to keep a close eye on this Index (key support is 292) as the month progresses as it has always proven to be an accurate leading indicator of the global economy…