7 @ 7:00 « BullMarketRun.ca

April 9, 2018

7 @ 7:00

Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded in a narrow range so far today and is relatively unchanged at $1,332 as of 7:00 am Pacific…Silver has added 2 pennies to $16.38…Copper and Nickel are up slightly at $3.06 and $6.00 a pound, respectively, while Zinc has slipped a penny to $1.36…Cobalt has strengthened to $41.50…Crude Oil has jumped 89 cents to $62.89 on escalating tensions in the Middle East while the U.S. Dollar Index has fallen one-third of a point to 89.89…several missiles hit an air base in Syria early today, killing more than a dozen people in a strike that Russia and Syria blamed on Israel…the attack on the air base comes on the heels of a horrific chemical weapons assault on a Damascus suburb over the weekend that killed dozens of civilians, including children, and spurred calls for international action…

2. A $7.4 billion pipeline project is now in serious peril, a potential economic and constitutional disaster for Canada – the direct result of climate change fanaticism and reckless governance in British Columbia and elsewhere throughout Canada…Kinder Morgan (KM, TSX) is under pressure this morning, down nearly $2 per share, after announcing yesterday that it has suspended all “non-essential” spending on its Trans Mountain pipeline expansion due to opposition from the B.C. NDP/Green coalition government (Wacky Weaver and his Green Party also want to kill a $40 billion LNG project, the largest industrial project ever proposed for the province, because they say it’ll increase greenhouse gas emissions by 8 to 10 megatonnes)…as the Edmonton Sun’s Lorne Gunter wrote this morning, if B.C. activists and politicians are so concerned about their carbon footprint, Alberta should help them out by turning off the Oil taps and forcing them to abandon their cars (B.C. gas prices, already the highest in North America, would soar)…Kinder Morgan Chairman and CEO Steve Kean declared, “As KML has repeatedly stated, we will be judicious in our use of shareholder funds. In keeping with that commitment, we have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend…the uncertainty as to whether we will be able to finish what we start leads us to the conclusion that we should protect the value that KML has, rather than risking billions of dollars on an outcome that is outside of our control.” Polls show that a majority of British Columbians support the Kinder Morgan pipeline expansion, so sensible B.C.’ers need to stand up and help rid the province of an accidental, hideous and dangerous coalition socialist government full of Oil haters and climate change fanatics…

3. Athabasca Oil (ATH, TSX) CEO Rob Broen lashed out at the federal government at the company’s AGM Friday, saying the feds have failed to defend the country’s vital energy industry and have left it open to attack by opponents…as a result, the industry is losing its competitive edge. “I would tell him (Prime Minister Trudeau) he has to show leadership on the pipeline file. And it’s not just words.” Broen later told reporters, “(Trudeau) needs to back up Kinder Morgan, the pipeline he’s approved, and he needs to see it through to construction and make sure we can put shovels in the ground and get it built for the benefit of all Canadians.”

4. At a time when the swamp needs to be drained, the Venture added 11 new issuers in March, compared with 10 the previous month and 10 in March 2017…the new listings were 8 capital pool companies, 2 mining companies and 1 technology company…total dollars raised in financings in March 2018 decreased 59% compared to the previous month, and were down 61% compared to March 2017…there were 130 financings in March 2018, compared with 153 in the previous month and 181 in March 2017…

5. National Access Cannabis (NAC, TSX-V) has announced that it has acquired a 51% ownership stake (share transaction) in Cannabis Care Group Inc., an entity that has established service agreements with over 40 pharmacies in Canada that provide turnkey cannabis program solutions for medical cannabis patients and, when legally permissible, in respect of on-site medical dispensing…in connection with the acquisition, NAC has changed its name to National Access Cannabis Medical. “Through the growing network of pharmacies that NAC has assembled, we will help pharmacists supply Canadian patients with the best cannabis medications sourced from key licensed producers,” stated CEO Mark Goliger. “Broadening our addressable market to include Canadian pharmacies, on top of our growing recreational presence, allows NAC to operate in provinces that we would not otherwise have access to. Our background in operating medical care clinics combined with our deep knowledge of safety, security and harm reduction is perfectly suited to a pharmaceutical setting.”

6. U.S. markets are rebounding strongly after Friday’s unnecessary tariff tantrum...the Dow is up 214 points as of 7:00 am Pacific…Facebook CEO Mark Zuckerberg faces lawmakers this week in what are likely to be contentious hearings about privacy that will be a broader test of how effectively he can guide his social-media giant…in Toronto, the TSX has climbed 70 points…as if pipeline problems in this country aren’t enough to be concerned about, Canadian Pacific Railway faces a possible work stoppage by more than 3,000 train engineers, conductors and yard workers on April 21 after union members authorized strike action as contract talks drag on…a walkout by members of Teamsters Canada Rail Conference would be a blow to CP’s efforts to clear a freight backlog that has angered grain firms, farmers and other commodity shippers and drawn rebukes from governments in Canada and the United States…the Venture is up 2 points at 771 as of 7:00 am Pacific…Evrim Resources (EVM, TSX-V) has firmed up significantly…the company reported this morning that it has trenched 263.2 m grading 1.67 g/t Au including 193.5 grading 2.09 g/t Au at its 100%-owned Cuale high sulphidation epithermal Gold project in Jalisco, Mexico…early results indicate consistent high-grade Gold mineralization within a broad zone of prospective alteration at the “La Gloria” zone, and quality targets from the first line of IP geophysics…Hiku Brands (HKU, TSX-V) gapped up at the open after announcing that it has become the 28th independent company in Canada with a cannabis sales licence under the ACMPR (Access to Cannabis for Medical Purposes Regulations), giviing Hiku the advantage of being able to showcase and establish its Doja brand in advance of legal adult-use and retail cannabis sales…Pascal Biosciences (PAS, TSX-V) was one of last week’s top performers and is showing continued momentum this morning… PAS has broken out above a symmetrical triangle that formed while the company quickly completed a $5.2 million financing at 40 cents after announcing that it’s “the first to identify a mechanism in which cannabinoids may provide a direct benefit in immunotherapy”…Pascal found that these cannabinoids enhance the immogenicity of tumor cells, rendering them more susceptible to recognition by the immune system…this discovery is important because the leading class of new cancer fighting agents, termed “checkpoint inhibitors”, activates the immune system to destroy cancer cells…

7. Canopy Growth (WEED, TSX) has launched Beckley Canopy Therapeutics, a partnership between its affiliate and biopharmaceutical research arm Canopy Health Innovations and drug research pioneer Lady Amanda Feilding and the Beckley Foundation…Beckley Canopy has been formed to research and develop clinically validated cannabis-based medicines, with a strong focus on intellectual property protectio…the partnership will combine Amanda Feilding’s 20+ year record of groundbreaking research and network of world-renowned scientific collaborators with Canopy Health’s leadership in the commercial cannabis and pharmaceutical industries, bringing together European and North American based research leaders in cannabis…