BullMarketRun.ca

Welcome to our site, or at least the initial version of it!  BMR has been online for more than 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 and Silver markets 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 and Silver 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. 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. 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 off its lows after a weaker-than-expected U.S. jobs report…as of 6:05 am Pacific, the yellow metal is now up $2 an ounce at $1,638…Silver fell briefly below $30 an ounce but it’s now back above the $30 level, trading a dime higher at $30.17…Copper is down a penny at $3.76…Crude Oil is off $1.54 a barrel to $101.00 while the U.S. Dollar Index is flat at 79.17…

Gold’s Lull Before The Storm?

Over the last decade, there have been only five 40-day periods quieter than the one Gold has just had, based on the coefficient of variation (CV), which could easily be interpreted as a signal that we’re about to see a big move to the upside in bullion…the CV is the standard deviation divided by the mean average…comparing it with rolling 40-day periods since 1968, the CV shows that Gold has not had a quieter 40 days since mid-2007, just prior to a major advance…this also occurred in 2005 and toward the end of 2002, also prior to major bullish moves…

Today’s Markets

U.S. stock index futures as of 6:05 am Pacific are pointing toward a slightly negative open following release of the April jobs report…the American economy created a meager 115,000 jobs last month (the market was expecting a number around 170,000) with the unemployment rate falling to to 8.1%…job creation in the private sector was slightly better at 130,000, but overall the report painted a picture of a jobs market that had gotten a boost from unseasonably warm winter weather but now has cooled…the service sector again accounted for most of the job creation, growing 101,000 while manufacturing added just 16,000…governments cut a net 15,000 jobs for the month…though the headline number indicated job creation, the total employment level for the month actually fell 169,000…the disparity likely emanates from a drop in the labor force participation rate – or the level of Americans actively looking for jobs or otherwise employed – from 63.8% to 63.6%, its lowest level since December, 1981…the level of discouraged workers swelled from 865,000 to 968,000, an alarming increase of 12%…

European markets are off about 1% as of 6:05 am Pacific…Asian markets were mixed overnight with China’s Shanghai Composite gaining 12 points to close at 2452…

Euro Zone Elections

Politics will take centre stage in the euro zone over the weekend…recession-weary Greeks will pick a new government and polls show the French will probably elect the first Socialist president since 1995…local elections will test Italy’s political pulse while voters in a northern German state may deal a symbolic blow to Chancellor Angela Merkel’s coalition…

Euro Zone Economic Weakness Continues – More Money Printing On The Way?

Euro-region services and manufacturing output contracted more than initially estimated in April, adding to signs of a deepening economic slump…a euro-area composite index based on a survey of purchasing managers in both industries dropped to 46.7 from 49.1 in March, London-based Markit Economics said this morning…that’s the fastest rate of decline since October and below an estimate of 47.4 published on April 23…a reading below 50 indicates contraction…

After shrinking in the final three months of 2011, Europe’s economy probably slipped into recession in the first quarter as the region’s worsening debt crisis forced governments from Spain to Italy to step up spending cuts…ECB President Mario Draghi yesterday said the economic outlook has become “more uncertain” and left open the option of further stimulus after keeping the benchmark interest rate at 1%, already a record low…

China’s Stock Market Moving Higher

Recent market reforms announced by the Chinese authorities are proving to be a game changer for the country’s stock market, with the Shanghai Composite Index breaking above its 200-day moving average on Wednesday…“The government is clearly nervous about how weak that market has been…it is clearly behind the A-share market rebounding, and like you don’t fight the Fed in the U.S., in China you don’t fight the government,” Garry Evans, Global Head of Equity Strategy at HSBC told CNBC Asia’s “Squawk Box” this morning… over the past week, the China Securities Regulatory Commission (CSRC) has lowered transaction fees on equity trades, tightened IPO requirements and announced measures to enforce the delisting of unqualified firms…

Dynasty Gold (DYG, TSX-V)

Bottom-fishers may wish to do their due diligence and keep an eye on Dynasty Gold (DYG, TSX-V) which is trading at historical lows – it closed at just 2 cents yesterday – but has enough cash (approximately $1.5 million at the moment) to pursue new opportunities…with 118 million shares outstanding, DYG is trading just slightly above cash value…the company holds the Golden Repeat Property in Nevada, and a 70% interest in a Gold project in China which it’s trying to find a buyer for…

Rainbow Resources Chart Update (RBW, TSX-V)

Rainbow posted one of the best percentage gains on the Venture yesterday following positive news on its Big strike Project in the West Kootenays and an update on Jewel Ridge in Nevada with assay results from a sampling program expected in the next 7 to 14 days…John’s updated chart shows a definite reversal pattern, so the next several trading days could prove to be very interesting…Rainbow is up 21% for 2012 and has done a superb job of assembling quality land packages involving former producers in prolific jurisdictions with drilling just around the corner…one of the keys to Rainbow is the fact it has very experienced and dedicated “boots on the ground” in the West Kootenay region, and this army of prospectors will be key in identifying potential new discoveries over the next several months…that, combined with drilling of some exceptionally interesting former producers, gives us every reason to believe that following Rainbow’s progress between now and the end of the year is going to be quite exciting indeed…

Note: John and Jon both hold positions in RBW (Terry does not).

Gold has pulled back $15 an ounce as of 5:50 am Pacific to $1,638…Silver is 24 cents weaker at $30.41…Copper is off 3 pennies to $3.79 a pound…Crude Oil is down 12 cents to $105.10 while the U.S. Dollar Index is up slightly at 79.22…

Today’s Markets

Asian markets were quiet overnight with China’s Shanghi Composite posting a 2-point gain to 2,440…European markets are up strongly despite a sharp rise in Spain’s borrowing costs at a bond auction…Spain’s Treasury issued 2.5 billion euros in 3- and 5-year bonds today, at the top end of the targeted amount and on solid demand, but yields jumped from previous auctions in February and March, fueling worries over the country’s ability to deal with its debt pile…the European Central Bank, as expected, has kept interest rates on hold at 1% and is so far resisting calls to restart its bond-buying program to ease pressure on Spanish debt…the central bank has put on hold its program for several weeks despite a rise in Spanish yields to 6%…a move above that, to 7%, is considered an unsustainable price to pay for refinancing the country’s debt…

U.S. stock index futures are pointing to a slightly higher open on Wall Street this morning…a busy day of corporate earnings reports and economic data today started with weekly claims for jobless benefits just released by the Labor Department…new U.S. claims for unemployment benefits fell more than expected…initial claims dropped 27,000 to a seasonally adjusted 365,000, the biggest weekly drop since early May last year…economists polled by Reuters had predicted a total of 380,000 new filings, compared with a just-revised 392,000 in the prior week…the four-week moving average for new claims, considered a better measure of labor market trends, edged up 750 to 383,500 – the highest level since December…

Rainbow Resources (RBW, TSX-V) News

More encouraging news from Rainbow Resources (RBW, TSX-V) this morning which continues to show consistency and a steady determination to become the “go-to” company in exploration in the West Kootenay region of southeast British Columbia…news just came out from RBW and highlights are as follows…

1. The company has increased its Big Strike land package by nearly 50% to 12,700 hectares, staking almost all the ground available between its Rhea Property near Nelson and the former producing Second Relief Mine immediately to the south…Second Relief was the third-largest Gold-enriched skarn producer in British Columbia history…

2. Some excellent initial drill targets have been lined up for Gold Viking and International, the two properties in the Big Strike package that will be drilled first as soon as permits are received and ground conditions allow…that means Gold Viking is probably first on the agenda as that property is further south and at a lower elevation (snow melt is quicker)…

3. Interesting news from the Referendum Property which we’ve learned this morning actually has open-pit potential on its eastern side..a quartz-tourmaline stockworks system exists over an area 700 metres by 150 metres where historical near-surface Gold production has occurred with ore shipped to the Trail Smelter…this alteration zone is apparently open in all directions…this sounds like a great target, actually, for an immediate bulk sample and seems to have some geological similarities to some situations we’ve seen in northwest Quebec…”tourmaline” and “stockworks” are music to our ears…

4. On the western side of the Referendum, Rainbow will be going after a potential copper-Gold porphyry target over a 2 km trend given an historical 4.4% surface Copper showing in feldspar porphyry, and other evidence including soil analysis…this area has never been properly drilled (just three holes and 300 metres which is nothing) and even then, some intersections gave encouraging values of up to 0.25% Cu and nearly 1 g/t Au…

5. Result from recent initial field work at Jewel Ridge in Nevada are pending including assays from a sampling program as Rainbow continues to put together a Phase 1 drill program for that property in between Barrick’s Ruby Mine and Timberline’s advanced-staged Lookout Mountain Project…

Flake Graphite In West Kootenays

We’re surprised we haven’t heard anything yet from Rainbow or Anglo-Swiss (ASW, TSX-V) for that matter with regard to the graphite possibilities in the West Kootenays but we suspect this is a story that has huge potential after our discussion yesterday with Benjamin Curry from First Graphite (FGR, TSX-V)…a little-known fact is that a private company, Eagle Graphite Corp., owns one of only two natural flake graphite mines operating in North America – the Black Crystal deposit about 50 kilometres or so north of Nelson…there’s quite a large area, at least 70 kilometres north-south and 30 kilometres east-west, called the Valhalla Metamorphic Complex which is very prospective for flake graphite (highly metamorphosed rocks) and some companies have been securing land positions recently including First Graphite…Eagle Graphite produces high carbon, natural flake graphite with a purity level ranging from 93% to 99% at a mill about 18 kilometres south of the Black Crystal deposit (the mill, by the way, is about 23 kilometres to the west of RBW’s Gold Viking property)…rumor has it that Eagle Graphite is looking at an IPO which could really ignite graphite interest in the area…a geologist and a prospector we spoke to both said the Valhalla Complex is the “real deal” for potential flake graphite deposits and the fact there’s an existing mining operation gives that statement credibility…we’re continuing to investigate but it seems graphite investors have overlooked this district…

Golden Standard Ventures (GV, TSX-V)

Golden Standard Ventures (GV, TSX-V), which we put on our “Watch List” at the end of February when it was trading just below $2 a share, hit a new multi-year high yesterday of $3.03 – about a week after reporting a couple of stellar holes from its Railroad Project in Nevada…it could certainly continue to move higher but John’s chart below is good reason for some caution at the moment as overbought conditions definitely do exist on this stock at the moment…as always, perform your own due diligence…below is John’s updated chart for GV…

Note: John, Jon and Terry do not hold positions in GV.

Kaminak Gold (KAM, TSX-V)

There’s every reason to be bullish regarding exploration and potential new discoveries in the Yukon going into this summer, and of course one of the leaders of the pack there is Kaminak Gold (KAM, TSX-V) with its Coffee Project (the first 14 holes of a minimum 50,000-metre drill program were reported last week)…technically, Kaminak is looking promising at the moment with its first challenge to convincingly bust through the $2 area and then the 100-day moving average (SMA) which has flattened out at $2.20…

Note:  John, Jon and Terry do not hold positions in KAM.

Gold is off $8 an ounce as of 5:55 am Pacific to $1,654…Silver has declined 41 cents to $30.56…Copper is down a nickel to $3.83…Crude Oil is 51 cents lower at $105.65 while the U.S. Dollar Index is up nearly half a point at 79.27…

Holdings in bullion-backed ETP’s (exchange-traded products) fell 4.1 tons to 2,381.6 tons yesterday, data compiled by Bloomberg show…assets are about 1.2% below the March 13 record and the lowest since February 1…Gold prices are up 5.7% in 2012 after advancing for 11 consecutive years…

“Significant ETF buying will have to resume in order to breathe some life back into Gold,” Edel Tully, an analyst at UBS AG in London, wrote today in a report…“Absent that resuscitating factor, we think Gold is likely to continue its aimless wander”…

Today’s Markets

Asian markets jumped significantly overnight with China’s Shanghai Composite gaining 43 points to close at 2438, just a hair below its 2012 February high…European markets are mixed this morning…

U.S. stock index futures, meanwhile, are pointing to a lower open on Wall Street after the Dow closed at its highest level in more than four years yesterday…U.S. manufacturing expanded at a faster pace than expected in April, easing hitters about a slowdown in the economic recovery…

Euro Zone Unemployment Rises Again

Euro zone unemployment has risen for an 11th consecutive month to a fresh euro-era high, highlighting the region’s weakening economy and increasing divergence from the United States…the 169,000 rise in March to 17.4 million in seasonally adjusted joblessness is likely to intensify debate on a “growth compact” for the 17-country euro zone…t will add to the pressure on the European Central Bank, which holds an interest rate-setting meeting in Barcelona, Spain, tomorrow…euro zone unemployment, which has risen steadily over the past year, was equivalent to 10.9% of the workforce in March…in the US, the comparable unemployment rate is 8.2% and on a downward trend…

Elections in France and Greece this coming weekend look likely to replace incumbents who introduced harsh austerity with leaders focused on growth…

China’s Manufacturing Sector Bottoming Out

China’s manufacturing sector showed fresh signs of bottoming out in April, with export orders ticking up, but activity still contracted for a sixth consecutive month according to a private sector survey today…the HSBC China Purchasing Managers’ Index, geared to smaller firms, improved to 49.3 in April from 48.3 in March, but remained below the threshold of 50 that divides expansion from contraction…it was slightly better than a preliminary estimate of 49.1 in late April…the weaker reading from the HSBC index contrasted with strong official PMI numbers released yesterday, highlighting the continued divergence between China’s larger, predominantly state-owned enterprises and smaller, private firms which are struggling to get credit…still, it showed that the rate of deterioration had slowed following a difficult first quarter when economic growth hit its slowest pace in nearly three years…China appears to be effectively engineering a soft landing…

Richmont Mines (RIC, TSX)

Richmont Mines, one of our favorite smaller producers with a terrific growth profile and a strong earnings outlook for 2012, is showing every sign of having bottomed out around $6.30 a share late last month and that’s very positive in our view for Gold stocks in general…RIC is emerging from a period of extreme oversold conditions in March and April based on RSI(14) as John shows in the chart below…

Huldra Silver (HDA, TSX-V)

Given what should be a continuing bullish Silver market through the remainder of 2012, a small producer like Huldra Silver (HDA, TSX-V) which we have been following in recent months could perform exceptionally well…Huldra is proceeding toward production at its Treasure Mountain Property near Hope, British Columbia…with quite high grades, the company expects to be able to mine between 1.5 million and 2 million ounces of Silver a year plus base metals…the stock dropped as low as $1.10 near the end of last month but jumped 27 cents yesterday to close at $1.43…its current market cap is $50 million…John updates the chart below…

Canaco Resources (CAN, TSX-V) Chart Update

Note: John, Jon and Terry do not hold positions in RIC, HDA or CAN.

Gold, which has enjoyed its longest stretch of daily gains since the start of the year, eased slightly from two-week highs earlier this morning but has regained strength…as of 6:00 am Pacific, the yellow metal is now up $4 an ounce at $1,668….Silver is 18 cents higher at $31.19…Copper is up a penny at $3.87…Crude Oil is flat at $104.80 while the U.S. Dollar Index is off slightly at 78.69…

As John’s chart pointed out yesterday, Gold is up against technical resistance in the $1,670-1,675 area….signs of renewed strong physical demand would certainly help but not all statistics are helping in that regard…the U.S. Mint sold 20,000 ounces of American Eagle Gold coins in April, the least since June 2008, data on its web site show…as well, India last week celebrated the Akshaya Tritiya festival, considered an auspicious day to buy precious metals, and there was “disappointing demand” according to UBS AG…

UK Weakens, China Strengthens

The divergence between a weak European economy and strengthening Asian activity was bolstered today by manufacturing surveys from the UK and China…the UK managers’ purchasing index (PMI) showed activity fell in April to 50.5 from 51.9 in March on the back of a sharp drop in reported export orders, leaving Britain’s manufacturing sector almost as weak as its counterparts in the rest of the euro zone…by contrast, official Chinese PMI rose to 53.3 last month, its highest in more than a year, from 53.1 in March…it was also China’s fifth consecutive month above the 50 level…

More Easing In Australia

Australian shares popped up higher after the Reserve Bank of Australia cut rates more than expected, sending the stock market to a fresh nine-month high on hopes of a lift in consumer sentiment…the central bank had been expected to cut rates by 25 basis points, but instead cut by 50 basis points to 3.75%, saying the bigger cut was needed partly because the major banks had failed to pass on earlier rate cuts in full…

Berlin Insists On Euro Zone Austerity

The euro zone must stick to its austerity-led recovery plan, Germany’s finance minister insisted yesterday, signaling Berlin’s limited appetite for the more growth-oriented policies put forward by some other European leaders…Wolfgang Schäuble said the only way to achieve the economic growth that was needed in the region was to continue to rein in budget deficits and pay down debt, praising the touch new Spanish budget – which contains 27 billion euros in new taxes and spending cuts – as an example…

Today’s Markets

Asian markets including China, Hong Kong, South Korea, India and Singapore are closed today for public holidays while most western European markets, including Germany, France and Spain, are closed for the May Day holiday today…stock index futures in New York are pointing toward a slightly positive open on Wall Street…

The Venture Exchange enjoyed another strong day yesterday, posting its fourth consecutive daily advance as it erased slight early losses to finish up 11 points at 1424…that’s just a couple of points below the 20-day moving average (SMA)…the 10-day SMA is about to reverse to the upside which suggests this upward trend will continue…

John has a chart update on a favorite this morning in addition to a technical look at a couple of other situations…

Focus Metals (FMS, TSX-V)

We continue to be very bullish on the prospects for Focus Metals (FMS, TSX-V) and its Lac Knife graphite deposit in Quebec …premium large-flake graphite is the size most in demand for use in technology applications and the least available in current markets, and Focus Metals is on track to help fill some of that demand…technically, the stock is battling a downtrend line as shown in John’s chart below but an anticipated improvement in the Venture market this month should be very helpful for FMS…

Note: John, Jon and Terry do not hold positions in FMS.

Orko Silver Corp. (OK, TSX-V)

One needs to look no further than Orko Silver (OK, TSX-V) to see how quickly an oversold stock can rebound as soon as the Venture begins to move higher…just last Wednesday, OK closed at $1.15…yesterday it closed at $1.70, a nearly 50% move in just three sessions…it will now likely encounter some resistance, as John’s chart points out below, but what this illustrates is the profit potential that exists for savvy traders/investors who aren’t afraid to buy into weakness and very oversold conditions…GCU and PRB were other good examples in recent days, and RBW could be another one coming up…

Note: John, Jon and Terry do not hold positions in OK.

Giyani Gold Corp. (WDG, TSX-V)

As always, perform your own due diligence and use the chart below as merely an introduction to this potential opportunity…Giyani Gold (WDG, TSX-V) is exploring properties in South Africa and Ontario, and the stock has found support right around the $1 level after climbing as high as $3.60 in early 2011…John’s 6-month daily chart shows some strong up momentum with WDG gaining 26 cents yesterday to close at $1.37…

Note: John, Jon and Terry do not hold positions in WDG.