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Have investors already seen the low for December (736 December 1) on the Venture?  Very possibly! 

Apart from having a much improved technical posture, after 7 winning sessions out of 9, and 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!

Very soon, likely next week just before or immediately after the Fed meeting, a new Venture uptrend will start to gain traction.  Prepare!

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).

Gold has traded between $1,167 and $1,176 so far today…as of 10:50 am Pacific, bullion is off $2 an ounce at $1,168…Silver, at $16.68, has retreated 4 cents…Copper is also down 4 pennies at $2.66…Nickel is flat at $5.24…Crude Oil has slipped $1.11 a barrel to $50.68 while the U.S. Dollar Index has gained one-third of a point to 100.55 after testing new support at 100…

Amid continued selling in Gold ETFs, hedge funds and money managers shed their bullish Gold bets and increased their short exposure for the 3rd week in a row, according to the latest data from the Commodity Futures Trading Commission…Commerzbank says Gold’s net length is now at its lowest level in 9 months, down 14% from the previous week’s levels…overall bullish positioning is down almost 61% from its all-time highs seen in July…

TD Securities suggests the Federal Reserve will hike interest rates next week – just about everyone is expecting that – but nevertheless anticipates policymakers will signal that they won’t be overly aggressive, which could help Gold. “Last Friday’s somewhat tame jobs report gave precious metals a small boost from the lows, but was certainly enough to green light the Fed hike in December,” TDS says. “However, the current data is less suggestive that the Fed has enough ammunition to start pounding a more hawkish tone. We are expecting a more dovishly messaged hike in December. This would give precious metals a much-needed boost.”

U.S. services sector activity hit a 1-year high in November, with a surge in production boosting hiring, further evidence that the economy is on a strong enough footing for the Fed to pull the trigger on rates for only the 2nd time in a decade…

Interest rates futures imply that traders see a 93% chance the Fed will raise rates by a quarter point to 0.50-0.75% next week, according to CME Group’s FedWatch…

Meanwhile, traders are forecasting a 0% chance of the Bank of Canada increasing rates tomorrow which demonstrates how the U.S. and Canada are on diverging economic paths…if the Fed acts as expected next week, U.S. rates will push past Canadian rates for the first time since 2007…Canadian risks are still skewed to the downside, thanks in part to government policy choices, and Bank of Canada Governor Stephen Poloz likely won’t be a in position to hike until 2018…

Alberta Plunges 18 Spots On Global Ranking Of Best Places To Invest In Oil & Gas

Alberta continues to lose ground to Saskatchewan as an attractive place to invest for Oil and gas companies, according to the latest annual global survey of energy-sector executives by the Fraser Institute…

A report released today by the Fraser Institute said Alberta dropped a whopping 18 spots to 43rd out of 96 jurisdictions worldwide on a “policy perception index” which measures the extent that government policy discourages Oil and gas investment…

In 2014, Alberta ranked in the top 15, but fell to 25 last year…now it’s 43rd…will someone emerge to help make Alberta great again?…

“The Alberta government has introduced policies that are confusing and possibly costly, creating uncertainty for the Oil and gas industry, which can invest elsewhere,” said Kenneth Green, senior director of the Fraser Institute’s Centre for Natural Resources and co-author of the 2016 Global Petroleum Survey…

Alberta earned low marks for regulatory duplication and inconsistencies, high taxation and uncertain environmental regulations, the report said…

Saskatchewan rose from 7th to the 4th most attractive jurisdiction in the world to invest in petroleum exploration and production – behind only Oklahoma, Texas and Kansas…Rachel Notley is Saskatchewan’s MVP…

In Today’s Morning Musings…

1. Fresh zeal for Canadian Zeolite (CNZ, TSX-V)…

2. Probe Metals (PRB, TSX-V) finds new high-grade Gold zone at depth at Val d’Or East, expands program…

3. U-Turn – Uranium stocks head north (NexGen Energy update)…

4. The significance of a Ni-Cu-PGE-Au-Co system 11 miles southwest of Eskay Creek in a world class district…

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…

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

1. The Venture is aiming for its 8th winning session out of the last 9, a very bullish sign considering how weak Gold has been recently…the Index is up 2 points at 753 as of 7:00 am Pacific…for just the 2nd time in more than 15 years, the Venture’s December low may have occurred on the 1st trading day of the month…

2. Gold has traded in a narrow range between $1,169 and $1,175 so far today…Crude Oil has eased off to $50.63 a barrel on profit taking but should have strong new support around the $50 level…

3. Probe Metals (PRB, TSX-V) has discovered a significant new Gold zone at its Val d’Or East Project…    mineralization was intersected consistently in a diorite dike between 400 m and 800 m depth in drill hole PC-16–90 and included 12.6 g/t Au over 7.3 m…the high-grade zone was also intersected in holes PC-91 and PC-94, returning intercepts of up to 8.5 g/t Au over 3.5 m and 9.7 g/t Au over 4.2 m, respectively (within the dike mineralization, true width is not known)…the presence of strong Gold mineralization in the diorite dike at these depths indicates that the east-west feeder system is active at these levels and bodes well for further expansion along strike, away from the dike, at these depths…in addition to the new zone, the higher-grade quartz-tourmaline vein mineralization originally targeted was also intersected at shallow depths in hole PC-90, returning an impressive 2 g/t Au over 143 m starting at 15 m depth (downhole)…PRB is up 33 cents at $1.50 as of 7:00 am Pacific…

4. IDM Mining (IDM, TSX-V) released assays this morning from the final 13 underground core holes completed at its Red Mountain Gold Project near Stewart…highlights include 27 m (true width) at 6.2 g/t Au and 23.2 g/t Ag (infill) and 6 m (true width) at 12.75 g/t Au and 44.2 g/t Ag (Marc Zone south step-out )…IDM is up a penny at 15.5 cents on the news as of 7:00 am Pacific…

5. Garibaldi Resources (GGI, TSX-V), advancing the first magmatic Ni-Cu-PGE-Au-Co deposit and massive sulphide system in the prolific Heart of Gold Camp north of Stewart and just 11 miles southwest of Eskay Creek, is within 2.5 cents of a new 52-week high…the stock has broken out above a long-term downtrend line and a “Golden Cross” has occurred on the chart with the 50-day moving average (SMA) crossing above the rising 200-day…GGI is at 13.5 cents as of 7:00 am Pacific…

6. Mawson Resources (MAW, TSX) is launching a 10,000-m diamond drill program at its 100%-owned Rompas-Rajapalot high-grade Gold Project in northern Finland…more than 50 holes are planned in the first systematic, large-scale and deep test of the area…the first rig mobilizes to the site this week and drilling is scheduled to continue until April of next year…

7. Agnico Eagle Mines (AEM, TSX) will be carrying out a private placement at $1.20 per share in upstart junior G4G Capital (GGC, TSX-V), which will soon be renamed White Gold, for ownership of just under 20% of the total issued and outstanding common shares of GGC on a non-diluted basis…the transaction is expected to close by the middle of next week…GGC is up 17 cents at $1.32 as of 7:00 am Pacific…

Gold has traded between $1,157 and $1,179 so far today…as of 10:30 am Pacific, bullion has recouped most of its losses from earlier in the morning…it’s now down just $2 an ounce at $1,175…Silver, at $16.78, has gained 6 cents…Copper has jumped 7 pennies to $2.68…Nickel has added another 11 cents to $5.24…Crude Oil is up 24 cents to $51.92 while the U.S. Dollar Index has tumbled more than a full point to 100.02…

The rotation out of precious metals into industrials continued this morning when Gold came under further pressure from liquidation of longs in futures and ETFs ahead of next week’s Fed meeting…key technical support is around $1,150, so it wasn’t surprising to see the market reverse higher after dropping into the upper $1,150’s…support could be tested again, or it’s possible we may have seen a bottom today…

Investors sold metal from exchange-traded funds for a 16th straight day Friday, the longest run since March 2015, and that selling certainly carried over to this morning…holdings are at their lowest levels since June, according to data compiled by Bloomberg…

Four Stocks Lead The Dow

The Dow hit another new record high this morning of 19275…through last Friday, the 1,200-point gain in the Dow in just 1 month has been fueled by just 4 stocks…leading the field by a wide margin is Goldman Sachs (GS, NYSE)…the stock’s 26.5% rally over the past month has added about 320 points to the Dow…in second place is UnitedHealth (UNH, NYSE) which is up about 16%, adding another 150 points to the 30-stock index…meanwhile, Caterpillar’s (CAT, NYSE) 17.3% run has added about 95 points, just ahead of JPMorgan’s (JPM, NYSE) 90-odd point contribution…combined, the 4 stocks have accounted for 55% of the Dow’s 1,200-point climb…

How “Rich” People Think

How do the “Top 1%” think differently, and what can the other 99% learn from them? (rather than demonize them, as certain politicians and others like to do in both Canada and the United States)…

Self-made millionaire Steve Siebold spent 26 years interviewing some of the wealthiest people in the world before boiling down his findings in the book, “How Rich People Think“…he found that there are countless ways the rich view the world differently – they have different beliefs, philosophies and strategies…

Perhaps the most striking difference is that rich people believe money is earned through thinking, while the average person believes money is earned through time and labor…

High earners believe money flows from ideas and finding solutions to universal problems, he says: “The bigger the solution, the bigger the paycheck…making money may not be easy, but it is simple”…

Obama Throws Wrench Into Dakota Access Pipeline, B.C. Oil Haters Cheer

The Obama administration said yesterday that it had denied a permit needed to complete the last leg of an Oil pipeline across the Midwest, prompting cheers from opponents but warnings that the move could be short-lived since President-elect Donald Trump supports the project…

The nearly 1,200-mile Dakota Access pipeline, extending from North Dakota across parts of South Dakota and Iowa and ending in Illinois, is nearly complete, except for an 1,100-foot crossing of a Missouri River reservoir…

Protesters led by the Standing Rock Sioux Tribe have been gathering for months near Cannon Ball, N.D., close to the site of the crossing at Lake Oahe, and have argued that the pipeline endangers the tribe’s water supply and sacred sites…the pipeline’s builder, Dallas-based Energy Transfer partners LP, has completed all necessary permitting requirements for the project and says it has worked to minimize any damage to traditional sites and the risk of an Oil spill…

Eco-fascists in British Columbia, preparing to protest against the recently approved Kinder Morgan Trans Mountain pipeline expansion, were quick to cheer yesterday’s White House decision…

B.C. Grand Chief Stewart Phillip says the decision serves as a “beacon of hope” for those in B.C. who are opposed to the project.  “The incredible solidarity that arose in support of the Standing Rock Sioux tribe will serve to inspire us here on the west coast of British Columbia to convey the notion that together all British Columbians can work together successfully.”

We’re not sure what Chief Phillip actually means by that…unfortunately, for those who have embraced the new religion of eco-fascism in B.C. and elsewhere, “compromise” is not part of their vocabulary…they are vehemently opposed to the flow of Oil, period, no matter how low the “risks” are…Trans Mountain has been given the go-ahead and those who choose to engage in civil disobedience in a way that impedes the development of this project, one of national importance to Canada’s Oil industry and economy, ought to be arrested and thrown in jail…

Crude Oil Update

The 20% rally in Brent Crude since last Wednesday’s OPEC agreement is the strongest over 4 days in almost 8 years…from January, non-OPEC producers are expected to add an output cut of 600,000 barrels per day (bpd) to the cartel’s agreed 1.2 million bpd reduction…

Venture Seasonality Chart

Based on historical data, the Venture has an 83% chance of finishing the month higher than November’s close of 737…

Going back more than 15 years, the December-January-February period is the Venture’s strongest with a total gain of 12.6% during those 3 months…in bull market times, as we’re in now, the advance tends to be much greater…

In short, this is the best time on the calendar to be a buyer!…

In Today’s Morning Musings…

1. Bullish CRB Index – key levels to watch for a potential major breakout…

2. Evidence of a bottom in Silver – updated chart…

3. Kootenay Silver (KTN, TSX-V) update…

4. Daniel’s Den – Vancouver’s “Uber of Banking”, trading on the TSX…

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…

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

1. Gold has fallen as low as $1,161 today, shrugging off the result of yesterday’s Italian referendum that has brought about the resignation of Premier Matteo Renzi and created some more instability in the euro zone…base metals continue their strength with Copper up 8 cents a pound to $2.69 while Nickel has shot up 12 cents to $5.26 as of 7:00 am Pacific…Zinc is also 3 cents higher at $1.23…

2. Brent Crude prices have topped $55 a barrel for the first time in 16 months as optimism spreads about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week…WTI is up 54 cents at $52.22 as of 7:00 am Pacific while the double bull HOU Crude Oil ETF has gained another 24 cents to $8.82…

3. Brazil Resources (BRI, TSX-V) is changing its name to GoldMining Inc., effective tomorrow when it will start trading under the symbol “GOLD” on the Venture…Amir Adnani, Chairman of the Board, stated: “We are pleased to change the name of the company to GoldMining Inc. to better reflect our diversified project portfolio and strategy to build a leading Gold acquisition and development company throughout the Americas. With more than $21 million cash on hand – and now, a name that better reflects our company’s objectives – we plan to continue our exceptional growth with additional low-cost acquisitions of high quality Gold projects, to build value throughout this period of a weak Gold price environment.”

4. Excelsior Mining (MIN, TSX-V) released robust results this morning from a comprehensive feasibility study on the North Star deposit at its Gunnison Copper Project in southeastern Arizona…the project is designed as a Copper in-situ recovery (“ISR”) mine using solvent extraction-electrowinning (“SX-EW”)…the project has a Net Present Value of $1.17 billion (U.S.) pre-tax and $807 million post-tax at a 7.5% discount rate using a life of mine Copper price of $2.75…the pre-tax IRR is 48% while post-tax IRR is 40%…initial construction capital costs are $46.9 million (U.S.)…MIN is up a penny at 54 cents as of 7:00 am Pacific…

5. Callinex Mines (CNX, TSX-V) has triggered the “accelerator” clause for warrants that were acquired through private placements completed in May and July of this year…if all the warrants are exercised, Callinex will receive additional proceeds of $2.7 million and a total of 6.1 million new shares of Callinex will be issued…the stock is up a nickel at 66 cents as of 7:00 am Pacific…

6. Canadian Zeolite (CNZ, TSX-V) has hit a new high of $1.35 in early trading following a 44% gain in the stock price last week on news that the Canadian Food Inspection Agency (CFIA) has approved the company’s Bromley Creek natural Zeolite as an animal feed additive – one of multiple applications for the product which is being sourced from a turnkey operation in southern British Columbia…

7. Canopy Growth (CGC, TSX) is raising another $60 million in a bought deal financing at $10.60 per share through a syndicate of underwriters led by GMP Securities and Dundee Capital Partners…CGC is off 60 cents at $10.75 on the news as of 7:00 am Pacific…

A massive market with one little problem…

According to American Pet Products Association (APPA) statistics, there are approximately 175 million companion dogs and cats in the United States, and over 650 million dogs and cats worldwide.

In the U.S. alone, pet owners spent a record $60.3 billion on their furry friends during 2015. Forecasters at the APPA are calling for another new record this year.

Clearly, pet-related products and services represent a massive market opportunity. Problem is, there are almost no ways to invest in this growing industry via the stock market. After Petsmart was taken private, there are only 2 large stocks left (that I know of) – Central Garden & Pet (CENT, NASDAQ) and Blue Buffalo (BUFF, NASDAQ).  Check out those charts!  Central Garden supplies an incredibly diverse line of products and Blue Buffalo sells high-end food. I’m not as thrilled about those because each is valued in the billions, and over my history my 5 and 10-baggers have come from microcap stocks that have little to no analyst coverage.

I’ve searched far and wide for a publicly trading profitable company that’s an established, undervalued player in the pet products business, and I found one – a stock you can put away for the long-term and watch it grow like your puppy!

Click here to read the rest of this report on an undervalued pet products stock, and all BMR exclusive content, by becoming a subscriber today – or login with your username and password.

TSX Venture Exchange and Gold

It’s becoming increasingly likely that the Venture’s 717 intra-day low November 14 marked the bottom of a 15.5% correction that started at the August 11 yearly high of 848, a 3-month pullback in an ongoing bull market with a pattern very similar to 2010.   Just like at the beginning of this year, investors have a unique opportunity to make boat loads of money during the 2nd leg of the “up” cycle!  Today, in our Week In Review and A Look Ahead, we’ll examine the Big Picture of where the Venture is at.  In our Sunday Sizzler and Monday Morning Musings, we’ll highlight for subscribers a number of individual plays that are poised to finish the year on a powerful note.

Click here to read the rest of today’s Week In Review And A Look Ahead, and learn more about how to cash in on the next phase of this Venture bull market, with a risk-free Pro, Gold or Basic subscription featuring a 100% money-back guarantee, or login with your username and password.

Gold has traded between $1,167 and $1,179 so far today…as of 10:30 am Pacific, bullion is up $4 an ounce at $1,176…Silver, at $16.73, has gained 25 cents…Copper is off slightly at $2.62…Nickel, the metal leader of the day, has jumped 11 cents to $5.14…Crude Oil has added 22 cents to $51.28 while the U.S. Dollar Index has retreated one quarter of a point to 100.58…

The Fed is widely expected to hike interest rates at its next policy meeting on December 13–14…Ned Naylor-Leyland, fund manager at Old Mutual Gold and Silver Fund, made this wise observation on CNBC’s “Squawk Box”:  “Right now, people are expecting, for some reason, more rate hikes than inflation even though (Fed Chair Janet) Yellen has explicitly said that the pace of rate hikes will undershoot inflation.  So what the central banks are telling is that you are continuing to lose purchasing power holding cash, which is good for Gold, but the market has decided otherwise short-term and is running away with this idea that you are going to accumulate purchasing power holding cash.”

Markets are also not yet focused on the likely worsening trend of U.S. budget deficits and debt, a situation that should certainly come into play by January…historically there has been a close correlation between the Gold price and the trend in U.S. budget deficits…

Today’s U.S. jobs report did nothing to lessen the near-certainty of a Fed rate hike in less than 2 weeks…employers hired at a steady clip in November while the unemployment rate fell to the lowest level in 9 years, though of course that’s not the complete jobs picture…non-farm payrolls rose by a seasonally adjusted 178,000 in November from the prior month, in line with expectations, while average hourly earnings for private sector workers declined 3 cents from October…earnings were up 2.5% from a year earlier, a small step down from October’s 2.8% which was the strongest annual wage growth since June 2009…

Italy’s much anticipated referendum on Sunday – will it impact Gold? – kicks off a momentous electoral year in where populist parties are expected to do well…on the same day as the Italian vote, Austrians go to the polls to elect a new president, in a race that could install the country’s first right-leaning populist head of state since World War II…support for anti-establishment parties is surging in France and Germany, too, both of which have elections next year…

Crude Oil Update

New support could be forming at the $50 level in Crude Oil following Wednesday’s OPEC agreement, and that’s consistent with the cartel’s desire to see a higher trading range…markets, however, will be carefully monitoring the implementation and impact of the group’s first production agreement since 2008…

Crude prices eased off overnight but reversed around $50 and are now back above $51…technically, WTI is on the cusp of a breakout above the “neckline” after an extended inverted head-and-shoulders pattern this year…

OPEC, which accounts for a third of global Oil supply, says it will reduce production starting in January by 1.2 million barrels per day, or over 3%, to 32.5 million bpd…Russia also agreed to cut output by 300,000 bpd and is set to meet with OPEC a week from today along with some other non-OPEC producers…Russia reported today that its output in November rose slightly to 11.2 million bpd, a post-Soviet high…

The market focus now shifts to the implementation and impact of OPEC’s first production agreement since 2008…

Russia said on Friday that its output in November rose slightly to 11.21 million barrels per day, a post-Soviet high…

In Today’s Morning Musings…

1. What Probe Metals (PRB, TSX-V) is eyeing at Val d’Or East…

2. Canadian Zeolite’s (CNZ, TSX-V) secret sauce…

3. A busy week for Canopy Growth (CGC, TSX)…

4. Daniel’s Den – a bottom in Gold stocks?…

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…