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December 14, 2016

BMR Morning Market Musings…

Gold has traded between $1,148 and $1,166 so far today…as of 11:30 am Pacific, 30 minutes following a Fed rate hike, bullion is down $5 an ounce at $1,153…some knee-jerk selling following the Fed’s decision would not be surprising to help form the “hammer reversal” that Gold really needs…Silver is up a nickel at $16.93…Copper has added 2 pennies to $2.59…Nickel is up 2 cents at $5.16 while Zinc has rallied 5 cents to $1.27…Crude Oil has retreated $1.60 a barrel to $51.38 while the U.S. Dollar Index has jumped half a point to 101.52

As widely expected, the Fed has raised interest rates for the first time this year and just the second time in more than a decade…the U.S. 2-Yr Treasury yield hit its highest level since August 2009 immediately after the Fed decision…

The Fed also indicated that it sees a brightening economic outlook and expects to raise short-term rates next year by another three-quarters of a percentage point, likely in 3 separate moves (of course last December they predicted 4 rate hikes in 2016)…

“The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2% inflation,” the rate-setting Federal Open Market Committee said in a statement…

Janet Yellen is currently conducting a news conference, her first since July, which will shed more light on her thinking for 2017

HSBC sees potential for Indian Gold buying to pick up, and Commerzbank says a slump in the country’s Gold purchases already appears to be abating…Commerzbank analysts cite reports that Indian jewelry manufacturers have recoupled roughly half of the business they lost following the government’s demonetization.  “It would appear that people are using cashless methods of payment, such as credit cards and online fund transfers, to buy Gold – in the country’s cities at least,” Commerzbank says (much of India’s Gold buying comes from rural areas).  “In our opinion, it is doubtful whether this will immediately result in higher Gold imports given that jewelry manufacturers are still likely to have large quantities of Gold in stock following the high Gold imports in October and November and the collapse in Gold demand in recent weeks.”

HSBC, meanwhile, points out that India’s demand may be revived when new large denomination currency notes are made available…HSBC’s chief India economist, Pranjul Bhandari, points out that effective currency in circulation has fallen 60% since demonetization, implying a sizable ongoing cash crunch.  “This is also crimping Gold demand and explains the slide in bullion imports in December,” says metal analyst Jim Steel.  “But Ms. Bhandari also states that 80% of outstanding cancelled notes have made their way back to banks already, suggesting that the negative wealth shock may not be too high.  This may be good for Gold demand later in 2017.”

Oil Update

Oil Drilling

Oil prices are under pressure today despite a larger-than-expected drop in inventories that helped offset some concerns over the ability of major players to cut production…the U.S. Energy Information Administration (EIA) reported a decrease of 2.6 million barrels in U.S. Crude stockpiles, higher than the 1.7 million barrels forecast on average by analysts and traders…

However, U.S. production surged by about 100,000 barrels a day last week, providing further evidence that American drillers are responding quickly to the higher prices that OPEC created by agreeing to curtail their own production…American drillers were not among the non-members who agreed to cut…in the lower 48 states, they drove production to nearly 8.8 million barrels a day in the week through December 9, according to the EIA…

In Today’s Morning Musings

1. Cannabix Technologies’ (BLO, CSE) update…

2. Purepoint Uranium’s (PTU, TSX-V) Hook Lake JV boosts upcoming drill program to 30 holes…

3. Daniel’s Den – what’s up with Manitou Gold (MTU, TSX-V)?…

4. And more!…

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…

7 @ 7:00

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Check back later this morning for today’s Morning Musings.

1. It’s “Fed Day” with the central bank widely expected to increase interest rates by 25 basis points in an announcement slated for 11:00 am Pacific followed 30 minutes later by a Janet Yellen news conference…the Fed will also issue new forecasts assessing whether the economic outlook has changed since the election…in terms of Fed “language”, which will be critical to Gold’s reaction, it’s hard to imagine that the central bank will adopt an overly hawkish tone – even following the Trump election victory – after an extended period of being so cautious and taking such a wait-and-see approach…

2. Gold is up $5 an ounce at $1,164 as of 7:00 am Pacific…the pressure on Gold in recent weeks leading up to today’s anticipated interest rate hike could be lifted, depending on Yellen’s tone, not unlike the situation that occurred a year ago after the Fed hiked rates for the first time in nearly a decade…the Venture is up slightly in early trading while the TSX Gold Index has added 2 points to 192

3. U.S. retail sales barely rose in November as households cut back on purchases of motor vehicles, suggesting some loss of momentum in economic growth in the 4th quarter…the Commerce Department said today that retail sales edged up 0.1% after 2 straight months of strong gains…meanwhile, October retail sales were revised downward to show a 0.6% increase instead of the previously reported 0.8% rise…meanwhile, the index of U.S. producer prices for final demand rose by a seasonally adjusted 0.4% in November, about twice as much as expected…PPI minus the volatile food and energy components also climbed 0.4%, topping expectations for a rise of 0.2%…

4. Aurora Cannabis (ACB, TSX-V) and Radient Technologies (RTI, TSX-V) have signed an MOU to evaluate an exclusive partnership for the Canadian market with regard to the joint development and commercialization of superior and standardized cannabinoid extracts…as part of the MOU, Aurora will invest up to $2 million into Radient through a convertible debenture…the news has given RTI a big boost…it’s up 23.5 cents at 38.5 cents through the first 30 minutes of trading…

5. The Canadian government is giving itself until late 2018 or early 2019 to open up the market for recreational marijuana, based on a road map that will allow everyone over 18 to purchase pot from a variety of producers and retailers or to grow their own…a task force chaired by former Liberal minister Anne McLellan yesterday provided 80 recommendations to end the prohibition on marijuana that dates back to 1923, using a model similar to the one in place for sales of tobacco and alcohol…a senior federal official said the report has been well received inside the government and will have a large influence on the upcoming legislation to legalize marijuana, which will be tabled in Parliament in the spring of next year…

6. Ken Malhi, President of Cannabix Technologies (BLO, CSE), stated the following in a news release this morning following yesterday’s task force report:  “We welcome the recommendations from the task force members which speaks to the urgent need to identify and approve a scientific tool to collect court-approved evidence of marijuana-impaired driving. Cannabix is developing its Cannabix marijuana breathalyzer to help law enforcement and employers to enhance detection of marijuana impaired driving offences on roads at a time when marijuana is becoming legal in various jurisdictions. The report confirms that marijuana impaired driving poses an increasing risk to the public and law enforcement needs a tool that can be used at the roadside to collect court admissible evidence of impairment at the time of the test. The report is concrete validation of the work we have been doing at Cannabix in developing our Cannabix Marijuana Breathalyzer and being a leader and early mover in this space“…BLO is up 7 cents at 91 cents as of 7:00 am Pacific and we’ll have an updated chart in today’s Morning Musings

7. Venture Oil junior Toro Oil & Gas (TOO, TSX-V) is up 167% in early trading on a 37-cent offer ($40 million value) from Steelhead Petroleum Ltd., a private ARC Financial Corp.-sponsored company…Toro averaged 748 barrels of Oil equivalent per day (boe/d) in production during the 3rd quarter of this year…

December 13, 2016

BMR Morning Market Musings…

Gold has traded between $1,154 and $1,165 so far today…as of 8:15 am Pacific, bullion is down $2 an ounce at $1,160…Silver, at $16.91, has slid 15 cents…Copper is off 3 pennies at $2.57…Nickel is up slightly at $5.09…Crude Oil was up earlier but has since retreated a nickel to $52.78 a barrel while the U.S. Dollar Index is off one-tenth of a point to 100.81

Net outflows from Gold exchange traded products continued yesterday for a 21st straight session in advance of tomorrow’s anticipated Fed rate hike…

Gold showed its strong support again yesterday at $1,150, though it wouldn’t be surprising to see bullion briefly plunge about 2% below that level before a reversal kicks in – a possible scenario that bargain hunters in the Gold stock space should be prepared for…shorts are hoping for just a little more weakness to start covering…they may or may not get it…

Major disruptions continue throughout all segments of society in India following Prime Minister Modi’s declaration of a war on cash…tax authorities in the world’s #2 Gold consumer have compiled a list of bullion dealers and jewelers they believe made “suspicious” sales following Modi’s shock demonetization of the country’s largest banknotes worth 86% of all currency in circulation, and aimed at forcing black market and undeclared cash holdings into regulated, taxable bank accounts…meanwhile, Axis Bank – India’s #1 Gold importer and its third-largest private sector lender – said it has frozen the deposit accounts of several jewelers and Gold dealers after suspending 19 employees over accusations of helping launder “black money”…the Reserve Bank of India took the unusual step yesterday of formally denying rumors that Axis would lose its banking license…ultimately, the chaos that has erupted in that country should further solidify Indians’ affinity with Gold

UBS analysts on Chinese Gold demand after a recent visit there: May pick up next year, sentiment is “relatively neutral to tentatively positive…looking ahead, macro uncertainty and currency volatility in China, against a backdrop of relatively limited investment alternatives, could encourage local market participants to turn to Gold…as Gold is still not considered a mainstream asset from an investment allocation standpoint, we think there’s scope for growth from this sector…this could mean that although this year’s softness in physical demand – particularly in the jewelry segment – could extend, overall Gold interest in China could increase next year. Access to Gold via electronic/mobile platforms continues to grow and this could mean more active trading for many retail investors up ahead.”

Where Is Canada Headed?

rex-tillerson

ExxonMobil CEO Rex Tillerson, Trump’s choice for Secretary of State.

President-elect Trump has chosen ExxonMobil (XON, NYSE) CEO Rex Tillerson to serve as Secretary of State (requires Senate confirmation), in many ways a brilliant move for an administration that plans on opening up America for business and making the country the world’s top Oil producer…contrast that with climate change warrior Stephane Dion, Tillerson’s soon-to-be Canadian counterpart, who’s an academic and a career politician who once lived in Paris where it seems he left his loyalties…like night and day!…

The 64-year-old Tillerson has no formal foreign policy experience, but has built close relationships with many world leaders by closing massive deals across Eurasia and the Middle East on behalf of the world’s largest energy company…he is a big friend of Alberta oilsands, a highly welcomed change from the attitude of the Obama administration…

Trump wants Americans to celebrate economic success, entrepreneurship, and richness in Oil…in Canada, countless political leaders and others want us to apologize to the world for the very thing that we do best – extract resources – and make “atonement” for our “sins” contributing to “climate change” by not fully exploiting these resources while others around us flourish and China launches 2 new coal plants a week…

Trump’s decision shows how the U.S. and Canada are moving in very different directions, despite of course this country’s incredible wealth-creation potential…as the Financial Post noted last week after a 4-month investigation, no less than 35 Canadian resource projects worth $129 billion in direct investment – mostly private money – are struggling to move forward or have been sidelined altogether because of opposition from environmental, aboriginal and/or community groups (and, we would add, because of a lack of political leadership)…the downside is adding up: slower growth, lower Canadian Oil prices, investment chill, less control over domestic resources, over-reliance on the U.S. market, regulatory gridlock…

Not surprisingly, Tillerson’s selection has been condemned by a number of environmentalists who have allied with Democratic attorneys general to pursue a high-profile, multi-state probe into ExxonMobil that has sputtered in recent months…

May Boeve, executive director of the radical group 350.org, calls Tillerson an “unfathomable” pick, adding, “Tillerson may be a friend of Putin’s, but he’s no friend of the planet. ExxonMobil is still a leading funder of climate denial and is pursuing a business plan that will destroy our future. Tillerson deserves a federal investigation, not federal office.”

Seasonal Strength Kicks In, New Venture Uptrend Underway

In all probability, investors have already seen the Venture’s December low (736 December 1) and the correction low (717 November 14) from the 848 high August 11

Apart from having a much improved technical posture, after 9 winning sessions out of 13, and successfully testing strong support in the low 700’s since mid-November, history shows that during bull market years the Venture’s December low often occurs during the first 8 days of the month as John outlines in the table below…

It has been 11 years since December 1 was the low for this special month in which seasonality strength always kicks in at a certain point…historically, there has been no better time on the calendar to be a bargain hunter in this market!…

For investors who trade frequently, the December-January dynamic offers a great chance to pocket some impressive short-term gains by about mid-January when there’s often a pullback in advance of another push higher in February (overall, December-January-February are the best 3 consecutive months on the Venture with an average annual gain of 12.6% – greater during bull markets)…

Last year, the Venture’s December low was on the first day of the Fed meeting and the uptrend began the next day when the Fed hiked interest rates for the first time in nearly a decade…tomorrow will likely mark just the second interest rate increase in more than a decade…

venture-table

In Today’s Morning Musings

1. Taylor says sell, BMR says buy – who’s right?…

2. Two new plays in the Oil/gas and Uranium sectors…

3. This “Lion” is getting ready to roar, as soon as Gold reverses…

4. And more!…

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…

7 @ 7:00…

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Check back later this morning for today’s Morning Musings.

1. Given the extent of the recent build in short positions and the proximity to year-end, UBS expects any further weakness in Gold, as an immediate reaction to a Fed rate hike, to attract short covering as market participants look to book profits to enhance performance for the year…as of 7:00 am Pacific, bullion is off $5 an ounce at $1,157…Silver, which has been outperforming Gold recently and has more than doubled the yellow metal’s gains in 2016, is off slightly at $16.95

2. Oil prices are stable near $53 a barrel after yesterday’s robust gains…a report today showed strong Asian demand for Crude which is another bullish signal after a deal over the weekend among some non-OPEC producers to cut production…

3. The Venture’s new uptrend from its November low continues to gain traction with the Index up another 4 points at 757 as of 7:00 am Pacific…a key band of resistance exists between 770 and 784…it appears that 2016 will mark the first time in 15 years that the Venture’s December low (736) has occurred on the 1st day of the month…a common feature of bull markets is an early start to the Venture’s December seasonal strength…

4. Pioneering Technology (PTE, TSX-V), gaining market share with its cooking fire prevention products, hit a new multi-year high of $1.09 during the first 30 minutes of trading this morning…the company grew fiscal 2016 revenues by 55% while posting net income of nearly $1.1 million or 3 cents per share…4th quarter revenue was a record $2.6 million…meanwhile, Pennrose Properties LLC of Philadelphia recently specified the installation of PTE’s SmartBurner for all of its new building and redevelopment projects…

5. Altius Minerals (ALS, TSX), together with select strategic investors, is participating in the co-founding of a new company, Adventus Zinc Corp., that intends to become publicly traded and will focus on the acquisition and advancement of Zinc exploration and development projects…Altius is contributing an extensive portfolio of Zinc exploration projects in Ireland and Eastern Canada, which it has been opportunistically assembling over the past 4 years, and will be providing a portion of Adventus Zinc’s pre-IPO seed capital funding…in addition to advancing its exploration lands, Adventus Zinc intends to pursue the acquisition of advanced Zinc projects that range from resource delineation through to feasibility stage…

6. Calibre Mining (CXB, TSX-V) has announced a NI-43101 Inferred resource estimate of 1.2 million Gold equivalent ounces for its 100%-owned Primavera Gold-Cu porphyry deposit in northeast Nicaragua…this includes 45 million tonnes grading 0.54 g/t Au, 1.15 g/t Ag and 0.22% Cu, containing 782,000 ounces of Gold, 1.7 million ounces of Silver and 219 million pounds of Copper (1.2 million AuEq ounces)…

7. Jaxon Minerals (JAX, TSX-V) has sampled 68.5 ounces per tonne Silver and 25% combined Pb-Zn from surface at its recently optioned Price Creek Property north of Smithers as announced this morning…the stock is up slightly at 7.5 cents as of 7:00 am Pacific

December 12, 2016

BMR Morning Market Musings…

Gold has traded between $1,151 and $1,167 so far today…as of 10:45 am Pacific, bullion is up $3 an ounce at $1,162…Silver, at $17.06, has climbed 25 cents…Copper is off a nickel at $2.60…Nickel is down slightly at $5.10…Crude Oil has shot up $1.68 a barrel to $53.18 while the U.S. Dollar Index has retreated two-thirds of a point to 100.97

The latest data from the Commodity Futures Trading Commission show speculative interest in the Gold market has fallen to neutral territory, hovering around its 5-year average as hedge funds and money managers continue to liquidate long positions as the U.S. dollar strengthens and U.S. bond yields rise, according to commodity analysts (contrarians will like that)…

Gold’s net length is now at its lowest point since February, falling 23% from the previous week, and bullish speculative positioning has fallen almost 70% from its record highs seen in early July…

Holdings of SPDR Gold Trust, the world’s largest Gold-backed ETF, fell another 0.38% Friday to 857.45 tonnes and are down about 9% since the beginning of November…net outflows in global Gold ETFs continued for a 20th straight trading session Friday…doesn’t this sound like a reversal in Gold is right around the corner?…

Tweet Sends Lockheed Martin Spiraling

President-elect Trump is standing up for taxpayers, but nonetheless took criticism from some of the mainstream media this morning over an unconventional swipe at Lockheed Martin’s (LMT, NYSE) F-35 program, saying on Twitter that the cost was “out of control”…shares of the aerospace company dropped by as much as 6% in trading today, temporarily wiping more than $4 billion in value off the company’s market cap (currently down by about 2.5%)…CNBC noted that the impact of Trump’s tweet, per character, was more than $28 million…Trump tweeted, in part, that “billions of dollars can and will be saved on military (and other) purchases” once he takes office in January…

Meanwhile, Trump seems to have knocked China off balance, which might not be such a bad thing…China has warned that it’s “seriously concerned” after the President-elect questioned whether the United States should keep its long-standing position that Taiwan is part of “one China”…Trump has signaled a willingness to confront Beijing, and his latest comments in an interview with Fox News suggested that he won’t hesitate to anger China until the country comes to the bargaining table on trade and North Korea…

Oil Update

Oil prices surged today after more Oil-producing nations agreed to slash production, a move aimed at pushing the oversupplied Oil market into a rebalance to prop up a Crude market that crashed between late 2014 and early this year…over the weekend, a group of heavyweight producers outside of OPEC, including Russia, agreed to scale back their output by 558,000 barrels a day…the move would come on top of the cut of 1.2 million barrels a day agreed to by OPEC in late November…the total reduction represents almost 2% of global supply…significantly, it has been a long-term goal of the Saudis to get the involvement of Russia and the weekend deal represents a major geopolitical development…

Oil Drilling

Oil stocks are hot today and the HOU double long Crude ETF on the TSX climbed as high as $9.26 this morning…it’s up 60 cents at $9.11 as of 10:45 am Pacific

In Today’s Morning Musings

1. Signs that Gold’s thrashing has been overdone plus a fresh look at Silver…

2. Canadian Zeolite (CNZ, TSX-V) announces research deal, stock fights back after wild session Friday…

3. Three non-resource plays worthy of consideration…

4. Update on the Tahltan/Chad Day situation…

5. Daniel’s Den – more on Uranium plus a Gold junior ready for a rebound…

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…

7 @ 7:00

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Check Back Later This Morning For Today’s Morning Musings.

1. Two days before the Federal Reserve is widely expected to raise interest rates for just the 2nd time in nearly a decade, Gold dipped as low as $1,151 overnight before bouncing back…as of 7:00 am Pacific, bullion is up slightly at $1,160…Friday’s trading marked the 20th consecutive session of Gold ETF outflows, totaling 164 tons of the metal since November 10…meanwhile, Axis Bank Ltd., India’s top importer of Gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering…the move is likely to further curtail imports by the world’s second-biggest Gold consumer…

2. Oil prices have surged to a new 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices…on Saturday, producers from outside OPEC, led by Russia, agreed to reduce output by 558,000 bpd, short of the target of 600,000 bpd but still the largest contribution by non-OPEC ever…WTI is up $2.31 at $53.81 as of 7:00 am Pacific while the double long HOU Crude Oil ETF on the TSX has added 69 cents to $9.20

3. The Venture’s new uptrend from its November low is gaining traction with the Index up 5 points at 754 as of 7:00 am Pacific…a key band of resistance exists between 770 and 784…the Dow, which has had 21 winning sessions out of 25, is up again in early trading while the TSX has added 46 points…

4. BMR has learned that Tahltan leader Chad Day has been suspended from his employment with pay by the Tahltan Central Government as the TCG initiates an investigation into a “complaint” against the Tahltan leader…the nature of that complaint and who it was made by have not been revealed…a potential change at the top of Tahltan leadership would be a welcomed development in some quarters of the B.C. exploration industry after some controversial moves by Day have spooked investors since he was first elected in 2014…Day also irritated top officials in the provincial government with his antics in the summer of 2015 when he led a protest against drilling in the Sheslay district in an attempt to gain leverage over the government in negotiations with the province over a potential new Shared Decision Making Agreement with the Tahltan…

5. Doubleview Capital (DBV, TSX-V) has completed 5 diamond drill holes at the Hat Gold-rich Copper Porphyry Project in the Sheslay district…a total of 2,020 m of drilling was directed toward the northern part of the Lisle Zone while also testing for the first time very prospective areas of the broad Hat porphyry corridor – the western part of Anomaly E located immediately northeast of the Lisle Zone, and the northwest edge of Anomaly F, more than 1 km south of the deposit…results are pending…

6. The Venture’s newest cannabis stock, Emblem Corp. (EMC, TSX-V), began trading this morning…it’s at $3.49 as of 7:00 am PacificEmblem was formed out of a reverse takeover of Saber Capital with $22 million raised at $1.15 per share…

7. Altai Resources (ATI, TSX-V) is again one of the volume leaders on the Venture this morning, up 3 pennies at 13 cents as of 7:00 am Pacific…meanwhile, Power Metals (PWM, TSX-V), the former Aldrin Resources, has come to life with a gain of 3 cents to 16.5 cents through the first 30 minutes of trading after announcing two advisory board appointments and that the company is reviewing a number of opportunities in the Americas in specialty metals that are benefiting from the burgeoning battery and energy storage markets…

December 11, 2016

BMR Exclusive: “Tahltan Trouble” As Chad Day Is Suspended By TCG

BMR has learned that Tahltan President Chad Norman Day has been suspended with pay by the Tahltan Central Government as the TCG initiates an investigation into a “complaint” against the Tahltan leader.  The nature of that complaint and who it was made by have not been revealed.

Chad Day Pic

TCG President Chad Norman Day.

The following is contained in a written statement from the TCG Board of Directors to TCG members:

“To ensure that the investigation is conducted fairly, impartially, and without interference, the TCG Board of Directors has passed a resolution to suspend Mr. Day from his employment with pay pending the completion of the investigation at which time the Board of Directors will make a decision as to the appropriate outcome and next steps.  Once the investigation is complete, additional information will be made available to the membership.”

The TCG Board of Directors passed its resolution in recent days, though this story has not been reported yet by the mainstream media.

When contacted this evening by BMR, a high level TCG official declined comment on the matter at this time.  Day was unavailable for comment.

The 30-year old Day, who won a second term as TCG President last July, quickly rose to prominence early last year when he spearheaded a Tahltan deal (labeled an “historic” co-management agreement) with Imperial Metals (III, TSX) on the Red Chris mine.  However, just a few months later, he was at the center of controversy when he used a high-profile discovery in the Sheslay district, 120 km northwest of the Red Chris, in an attempt to pressure the provincial government to negotiate a new Shared Decision Making Agreement and a Land Use Plan with the Tahltan.  Day led a group of Tahltan protestors to Doubleview Capital’s (DBV, TSX-V) Hat Property in July 2015 in what CFNR (Canadian First Nations Radio) described as a “blockade”.  In May of this year, Doubleview was successful in obtaining an injunction order from the Supreme Court of British Columbia, preventing interference from Day and others with drilling activity at the property which falls under the Land Resource Management and Shared Decision Making Agreement the provincial government signed with the Taku River Tlingit First Nation on July 19, 2011 (click here for July 25, 2015, story).

Compelling Zinc-Copper Play With High-Grade Gold Bonus

Capturing The Investment Opportunities In Zinc & Copper

At BMR, we’ve recently brought forward some outstanding opportunities for our subscribers in the Zinc space, not the least of which was a stock flying completely under the radar – Morumbi Resources (MOC, TSX-V) – that has already tripled in price from our initial introduction in late September at 10 cents.

Early-mid December is the best time of the year to be on the buy side in the junior exploration sector.  Continuing with the Zinc and VMS theme, we’ve identified another gem that’s clearly undervalued given its current Zinc-Copper resource, strategic partner, the strong potential for a cluster of deposits, cash in the bank (~$5 million), share structure, and high-grade Gold properties.

We expect this company to take steps to increase its profile in the near future as a new milestone is reached in its flagship project, so now is the ideal time to get positioned in this play.

Click here to learn more about this Zinc-Copper play, and access all BMR subscriber-only content, by taking out a Pro, Gold or Basic subscription, or login with your username and password.

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