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Gold has traded between $1,219 and $1,206 so far today…as of 11:00 am Pacific, the yellow metal is down $7 an ounce at $1,209…Silver has fallen 21 cents to $17.27…Copper is off slightly at $2.60…Nickel has retreated 21 cents to $4.60…Crude Oil has tumbled $2.21 a barrel to $50.93 while the U.S. Dollar Index has rallied nearly two-thirds of a point to 101.53…

After this morning’s robust private payrolls report (ADP), it’s safe to assume that Friday’s government report will also show strong jobs growth in February and that means Ma Yellen and the Fed have every reason to pull the trigger on a rate hike next Wednesday, only the 3rd in the last decade or so…

Gold will attempt to hang on to strong support around $1,200 going into the Fed meeting…any dip below $1,200 over the near-term could be very limited and brief with bullion reasserting itself by month-end…

Canada’s former minister of foreign affairs, John Baird, told Kitco News at PDAC that the U.S. is going to become a lot more competitive as a mining jurisdiction under the Trump administration, and Canada therefore has to get its act together.  “For Canadian companies that extract here, we’re going to have to seek competitive advantage by getting our government to try to ensure our regulatory environment here is better than it is today,” he told Daniela Cambone…

The S&P 500 just posted its 100th consecutive trading day without a decline of 1% or more, its longest such streak since 1994, according to Paul Hickey of Bespoke Investment Group who tracks these quirky things…

Oil Update

In Today’s Morning Musings…

1. Venture updated chart – what to watch for in this pullback…

2. Specific themes and opportunities to profit on…

3. Nighthawk Gold (NHK, TSX-V) update…

4. Daniel’s Den – “Captain Obvious” on BNN scares the nervous nellies on this stock…

Click here to receive, via email, BMR’s “Who’s Who” List of the Greater Cobalt Camp – the top dozen or so companies active in the district.

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW or login as a current subscriber with your username and password.

Check back later this morning for BMR’s Morning Market Musings.

1. Gold has traded between $1,219 and $1,206 so far today, touching a 5-week low…as of 7:00 am Pacific, bullion is down $6 an ounce at $1,209 while Silver has slipped 15 cents to $17.33…a much strong than expected private U.S. jobs report and a half-point jump in the U.S. Dollar Index have put pressure on the metals today…

2. U.S. companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that dominated hiring during the Obama years, according to a report released this morning that paves the way for a Fed rate hike next week…employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000, ADP and Moody’s Analytics said…construction jobs swelled by 66,000 and manufacturing added 32,000…the total shattered market expectations of 190,000, according to economists surveyed by ADP…

3. U.S. Crude inventories rose by a more-than-forecast 11.6 million barrels last week, data from the American Petroleum Institute (API) showed yesterday, putting some downward pressure on Oil prices today…the government’s supply report is due later this morning…

4. The Venture is down 5 points at 797 as of 7:00 am Pacific…exceptional Venture support ranges in a band from 800 to 770…the Cobalt sector remains firm, continuing to outperform the Venture…First Cobalt (FCC, TSX-V), which closed a $6 million financing yesterday, hit a new high of 88 cents during the first 30 minutes of trading while charts for other companies active in the northern Ontario Cobalt Camp remain very healthy…

5. The Financial Post reported this morning that more than $400 billion is at stake over the next decade in the “Uberization of mining”, based on comments by World Economic Forum (WEF) director Gillian Davidson during a panel discussion at PDAC yesterday…among 21 industries studied in a WEF report, mining was most resistant to disruption, Davidson said, adding that if the industry fails to change from within, forces from outside it will cause transformation…

6. AuRico Metals (AMI, TSX-V) has closed its “fire sale” acquisition of Kiska Metals, with the final trade in KSK on the Venture yesterday at 8 cents…AuRico’s President & CEO Chris Richter commented, “We are very pleased to close this accretive transaction which further broadens our royalty portfolio pipeline in North America and preserves our strong balance sheet. With a well diversified portfolio of royalties in place and several key upcoming catalysts expected at Kemess in the near term, we remain very well positioned for an exciting year ahead.”  Just over 96% of Kiska shareholders voted in favor of the “plan of arrangement” last week with KSK shareholders receiving one-fifteenth of a share in ARI and 1.6 cents in cash for each Kiska share held…AMI is up a penny at $1.04 in early trading…

7. Canaccord continues to be a strong net buyer of Deveron UAS (DVR, CSE), with more DVR bought this morning through Canaccord at a 7-month high of 49 cents…trading over the last 9 sessions, including today, shows Canaccord representing nearly 50% of net buying in the stock…DVR, establishing itself as North America’s leading drone-based data provider to the agricultural industry, is now going after lucrative markets in Western Canada and the United States…at 49 cents, DVR’s market cap is still a very modest $8.3 million…

The 3 most popular recent BMR articles…

Update:  Who’s Who In The Northern Ontario Cobalt Camp

The Drone Revolution:  Deveron UAS Carves A Niche In The Booming AgTech Sector

7 @ 7:00: Respected Gold producer CEO: “I don’t think, in my 20 years, I’ve ever seen the stars so aligned for a better Gold price”

Next BMR Morning Market Musings is tomorrow under our broadening new format.

1. Gold has traded between $1,215 and $1,227 so far today…as of 7:00 am Pacific, bullion is down $8 an ounce at $1,217 while Silver has slipped 23 cents to $17.52…holdings of the world’s largest Gold ETF, New York-listed SPDR Gold Trust, fell another 3.8 metric tons yesterday, adding to the previous session’s 4.7-ton decline…meanwhile, Silver ETFs saw outflows of around 75 tons, their most pronounced daily outflow in nearly 2 months…almost 94 tons of Silver have been withdrawn within the last 3 days of trading, according to Commerzbank…this is due to traders selling ahead of an expected imminent Fed rate hike – the 3rd time we’ve seen this movie…

2. China’s Gold reserves were unchanged for a 4th month in February, the country’s central bank said today, the longest stretch for which it has not added to its holdings since it started updating the data monthly in mid-2015…

3. Crude Oil prices are up 43 cents a barrel to $53.63 as of 7:00 am Pacific…ExxonMobil (XOM, NYSE) is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revolution, the company announced yesterday…the 11-project spending plan is largely aimed at creating new outlets for U.S. Natural Gas…CEO Darren Wood stated, “We are using new, abundant domestic energy supplies to provide products to the world at a competitive advantage resulting from lower costs and abundant raw materials. In this way, an upstream technology breakthrough has led to a downstream manufacturing renaissance.”  Chevron Corp. (CVX, NYSE) is expected to unveil similar plans this week, ramping up its operations in the already booming Permian basin in West Texas and New Mexico…Canada’s energy “revolution” and future, meanwhile, seems to revolve around carbon taxes and “less dependence” on fossil fuels to fit the agenda of the United Nations – what a waste of potential…

4. The Venture is down 4 points at 806 as of 7:00 am Pacific…very strong Venture support ranges from 800 to 770…one of the volume leaders again this morning is Tinka Resources (TK, TSX-V) which hit a 3-year high of 47.5 cents in early trading following news yesterday…the first hole of a 10,000-m drill program, a 400-m step-out from the existing resource, hit 17.9 m grading 11.6% Zn within a broader interval of 62.4 m @ 5.6% Zn (partial results to 238 m depth only)…the TSX and Dow are off slightly in early trading…

5. Deveron UAS (DVR, CSE) continues to make headway as North America’s leading drone-based data provider to the agricultural industry…DVR announced this morning that it has made a multi-year commitment to working with Thompsons Ltd. to provide leading-edge remote sensing data solutions to its growers…the contract is expected to run through 2018…Thompsons Ltd., a wholly owned subsidiary of U.S.-based Lansing Trade Group LLC and the Andersons Inc., is a major agricultural retailer that has been in business for nearly a century with a core focus of providing its growers with customized, advanced agronomy solutions.  “We are excited to be partnering with Deveron UAS to help us continue to more precisely document the variability that every field has,” commented Jevin Vyn, agronomy solutions specialist at Thompsons Ltd. “Deveron has proven to be a leader in the imagery market, and we believe that through our partnership we will be able to bring our customers new innovations in this space. As well, we will be able to utilize drone data on many of our customers’ acres to help them increase profitability on their farm.” DVR is unchanged at 47 cents as of 7:00 am Pacific…

6. First Cobalt (FCC, TSX-V) announced this morning that it has closed a $6 million financing at 50 cents…newly-appointed President and CEO Trent Mell stated last week, “The macro-environment for Cobalt is strong, with half of global production going towards the production of Lithium-ion and other batteries.  First Cobalt has already identified its first significant asset, by securing a large land package in the renowned Canadian Silver Centre Cobalt Camp. The team being formed around this company should attract excellent deal flow opportunities, both domestically and internationally (our emphasis).  I look forward to this leadership role at First Cobalt, with the objective of making the company a premier global player in the space.”  FCC is off 3 cents at 82 cents after climbing 14 cents yesterday on a high volume technical breakout…other Greater Cobalt-area focused stocks have been firm so far this week including Castle Silver Resources (CSR, TSX-V), CobalTech Mining (CSK, TSX-V) and Cobalt Power (CPO, TSX-V), while Cruz Cobalt (CUZ, TSX-V) is testing strong support in the low 20’s where it could fill a gap from February 14…

7. Engold Mines (EGM, TSX-V) is up is up 3 cents to 28 cents through the first 30 minutes of trading after providing an update on drilling activity at its Lac La Hache Property in the B.C. Cariboo after reporting 26.6 m (true width) grading 1.76% Cu and 0.27 g/t Au March 1 in a drill hole 1.8 km away from an existing deposit at the property…a 2nd drill rig has been moved to Lac La Hache in order to focus on a 1 km x 1.4 km gravity geophysical anomaly that prompted the discovery hole…Engold has requisitioned an expanded and more detailed gravity survey that is expected to commence mid-month…the new gravity work will test for extensions of the anomaly, help guide drilling at the new discovery, as well as test for similar gravity anomalies on other parts of the property…

The 3 most popular recent BMR articles…

Update:  Who’s Who In The Northern Ontario Cobalt Camp

The Drone Revolution:  Deveron UAS Carves A Niche In The Booming AgTech Sector

7 @ 7:00: Respected Gold producer CEO: “I don’t think, in my 20 years, I’ve ever seen the stars so aligned for a better Gold price”

For a 1% down day on the Venture, there was nonetheless some excitement on various fronts with continued strength in the Cobalt sector, some notable drill results, while 2 majors committed to significant financing packages with 2 juniors.

Tonight, we’ve also put together a sharp 3-page Special Report that covers one of the topics we highlighted in last night’s Sunday Sizzler.

For as little as just over $2 a day, you can enjoy the benefits of being a BMR subscriber and tap into the best analysis and picks for the junior resource sector you’ll find anywhere. 

Learn more…

Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW or login as a current subscriber with your username and password.

Gold has traded between $1,225 and $1,235 so far today…as of 11:00 am Pacific, the yellow metal is down $7 an ounce at $1,227…Silver has fallen 15 cents to $17.79…Copper is off 3 pennies at $2.65…Nickel is up slightly at $4.99…Crude Oil is flat at $53.24 while the U.S. Dollar Index has rallied one-third of a point to 101.68…

Fed Chair Janet Yellen reinforced expectations on Friday that the central bank would raise interest rates at its meeting next week, but Gold has been fairly resilient and should hold the $1,200 level based on technical factors…the last 2 Fed rate hikes have actually been a catalyst for higher Gold prices, so the current softness should once again prove to be an ideal accumulation opportunity in both the yellow metal and quality Gold stocks – assuming the Fed pulls the trigger March 15…

Rick Rule, CEO of Sprott U.S. Holdings, made these comments in an interview with Kitco’s Daniela Cambone at PDAC:  “The U.S. dollar is strong and Gold is strong simultaneously. That’s only happened twice before in my career and in both cases, the dollar ultimately rolled over and Gold went into a sort of sling shot move.  Is that going to happen this time?  I don’t know but if past is prologue, I think it’s happening for the same reasons, so yes, I’m bullish.”

In Today’s Morning Musings…

1. Cobalt stocks buck the trend, push higher as Venture loses ground to begin “PDAC Week”…

2. Tinka excites investors with 400-m step-out hole that hits 11.6% Zn over 17.9 m…

3. Probe Metals (PRB, TSX-V) delivers richest Gold intercept ever at Val d’Or East…

4. Get the “Enforcer” on your side!…

5. Updated Silver charts – astonishing long-term trend!…

6. Daniel’s Den – when the circus comes to town, sell peanuts!…

Click here to receive, via email, BMR’s “Who’s Who” List of the Greater Cobalt Camp – the top dozen or so companies active in the district.

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW or login as a current subscriber with your username and password.

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

1. Gold has traded between $1,230 and $1,236 to begin the new week…as of 7:00 am Pacific, bullion is down $3 an ounce at $1,231 while Silver has slipped 14 cents to $17.81…Fed Chair Janet Yellen said Friday that the Federal Reserve was set to lift benchmark U.S. interest rates provided jobs and inflation data held up, comments seen as cementing plans for a hike at next week’s meeting…respected INTL FCStone analyst Edward Meir observed, “The U.S. labor market is tight, inflation is picking up…investment is revving up, consumer confidence readings are increasing and both housing and equity valuations are moving higher.  All this should be enough to persuade the Fed to make a move should it want to get at least 1 of its 3 advertised rate hikes out of the way for this year.”

2. Physical Gold holdings in exchange-traded funds have fallen since last week, partly due to the stronger dollar, but at 54.855 million ounces they are still more than 3% higher than at the start of February…Gold has built very strong technical support in a band between $1,215 and $1,195, and is expected to benefit from the uncertainty of upcoming European elections…

3. The Venture is up 1 point at 819 as of 7:00 am Pacific while the TSX and Dow are both down modestly in early trading…the Venture is coming off its worst week of the year, a loss of 18 points or 2.1%, as PDAC begins in Toronto, though the Index rebounded from an intra-day low of 806 Friday…very strong Venture support ranges from 800 to 770…

4. Tinka Resources (TK, TSX-V) has cut high-grade Zinc in the first hole of its 10,000-m drill program at its Ayawilca Project in Peru…what’s particularly impressive is that drill hole A17–56 is located approximately 400 m south of the existing Zinc Inferred resource, and over 250 m from any previous drill hole at the property…partial results (to 238 m depth only) are highlighted by 62.4 m grading 5.6% from 127.5 to 189.9 m including an interval of 17.9 m grading 11.6% Zn…mineralization in the hole is associated with massive to semi-massive sulphide replacements of carbonate and clastic sediments which also host the known mineralization elsewhere…A17–56 will continue to the base of the favourable limestone unit with further high-grade Zinc intersections expected…Tinka is mobilizing a 2nd drill rig to the site immediately…TK is up 7.5 cents at 40.5 cents as of 7:00 am Pacific…

5. Probe Metals (PRB, TSX-V) has drilled into the highest grades ever found at its 100%-owned Val d’Or East Project…a new high-grade zone hosted in diorite dyke 300 m west of the former Beliveau mine was intersected in drill hole PC-16–100 which returned 1,122 g/t Au uncut over 0.7 m and 25.5 g/t Au over 0.8 m, forming part of a larger interval of vein mineralization averaging 92.7 g/t Au over 8.7 m at a depth between 272.3 m and 281 m…the new zone represents a further expansion of the New Beliveau deposit to the west, with mineralization remaining open in all directions…results released this morning were from the remaining holes of the 2016 campaign…4 drill rigs are currently in operation as the 2017 drill program of 50,000 m that was announced in January is underway…PRB is up 3 pennies at $1.48 through the first 30 minutes of trading…

6. GoldQuest Mining (GQC, TSX-V) has landed a big fish…the company announced this morning that Agnico Eagle Mines (AEM, TSX) has agreed to acquire, through a non-brokered private placement, 38.1 million common shares of GQC at a price of 60 cents per share for a total investment of $22.9 million (CDN)…upon closing of the financing, Agnico will own approximately 15% of GoldQuest’s issued and outstanding shares…GQC is up 9 cents at 56 cents as of 7:00 am Pacific…

7. Anfield Resources (ARY, TSX-V) has closed an over-subscribed private placement, raising $2.9 million through the issuance of 29 million units at 10 cents per unit…Corey Dias, Anfield’s CEO, stated, “With these funds, Anfield will both advance its current projects and pursue acquisition opportunities as we remain extremely optimistic with regard to the Uranium market and its future prospects. It is important to note that the 447 commercial nuclear reactors now operating in 31 countries across the world currently meet 11% of global electricity demand; however, with 59 reactors currently under construction and a planned and proposed reactor pipeline totalling more than 500, it is clear that nuclear power will remain an integral part of the global energy mix.”

The 3 most popular recent BMR articles…

Update:  Who’s Who In The Northern Ontario Cobalt Camp

The Drone Revolution:  Deveron UAS Carves A Niche In The Booming AgTech Sector

7 @ 7:00: Respected Gold producer CEO: “I don’t think, in my 20 years, I’ve ever seen the stars so aligned for a better Gold price”

Cobalt, Ontario (BMR photo).

The “Cobalt Craze” is just beginning!

With “boots on the ground” research and interviews with key players during two separate visits to the Greater Cobalt Camp in northern Ontario, home to over 100 historic mines and unquestionably some of the highest Cobalt (and Silver!) grades found anywhere in the world, BMR has been the leading source of opportunities for investors in this burgeoning region since the middle of last year.

In tonight’s report for subscribers is an updated review of companies active in the Greater Cobalt Camp – a valuable guide for investors to understand what’s unfolding in the district and who the most important players are.  No service has this Camp covered more accurately and extensively than the team at BullMarketRun.com, giving subscribers multiple home run opportunities in 2017.

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW to read tonight’s special report, and access other subscriber-only BMR content, or login as a current subscriber with your username and password.