Gold has traded between $1,070 and $1,082 so far today…as of 9:30 am Pacific, bullion is up $7 an ounce thanks to heightened geopolitical tensions in the Middle East after Turkey shot down a Russian warplane…in addition, the U.S. State Department issued a global travel alert for U.S. citizens yesterday, citing increased terrorist threats…Silver is up 13 cents to $14.28…Copper has firmed up a nickel to $2.12…Crude Oil has jumped $1.31 a barrel to $43.06 while the U.S. Dollar Index is off marginally at 99.56…
Glencore’s Zambian unit has laid off 4,300 workers, union and company sources said today, as the mining and trading company deepens cuts in Copper output to support flagging prices…
Gold’s premium over Platinum has widened to historically high levels, Commerzbank has pointed out…a precious metal used primarily in the automative and jewelry industries, Platinum hit a 7-year low this morning just above $830. “This has widened the price gap to Gold to over $230 per troy ounce – the widest price differential between these two precious metals since exchange trading of Platinum was introduced in 1987,” the bank stated…
According to Goldman Sachs, the Federal Reserve’s benchmark U.S. interest rate could rise twice as much as Wall Street expects in 2016…the central bank is now widely expected to raise the short-term fed funds at its December 15-16 meeting, marking the first increase in almost a decade…but bond market futures suggest rates will only rise an additional 50 basis points in 2016…Goldman’s top economists, however, assert that the Fed is more likely to boost rates by 1% next year…they predict the U.S. will continue to grow fast enough to spur the Fed to raise rates by an average of once a quarter…they point to a tight labor market, steady consumer spending, stronger home sales and construction and a likely increase in government outlays, among other things…
Gold Gets Mild Boost As Russian Fighter Jet Is Shot Down
Things are certainly heating up in the Middle East, though Gold’s response to events there has generally been less than expected so far…Russian President Vladimir Putin said today that Turkey’s decision to shoot down a Russian warplane near the Turkish border with Syria is a “stab in the back” and the incident would have “significant consequences” for its relations with Turkey, as NATO called an emergency meeting…strong language from a Russian President who, lest we forget, has been ruthless in his country’s illegal actions in Ukraine, and recently jumped into the fray in Syriva more to protect the regime of President Bashar al-Assad than to go after ISIS…Putin said the Russian Sukhoi-24 jet was shot by a missile from a Turkish jet over Syria about half a mile away from the Turkish border…Turkey admits it took down the plane, saying the fighter jet repeatedly violated its airspace and ignored 10 warnings…a U.S. defense official told Fox News that radar tracks validate Turkey’s claims that the aircraft entered its airspace and refused to leave, despite repeated warnings…the official added that two Turkish F-16′s fired heat-seeking air-to-air missiles at the Russian aircraft…
In today’s Morning Musings…
1. Gold update in Canadian dollars…
2. Crude Oil’s two biggest technical hurdles…
3. A Venture junior trading 25% below its nearly $20 million cash value…
4. Grizzly Central update (exclusive audio interview)…
Plus more…to view the rest of today’s Morning Musings, login with your username and password, or click here to gain full access to this and other exclusive BMR content and features…
Ok…when you listen to that interview…who ever is selling their shares right now…is crazy. Fantastic interview
Comment by weatheritout — November 24, 2015 @ 10:04 am
This Grizzly Central structure, weatheritout, is thick, mineralized (very evident by core descriptions and photos), and has been intersected in 3 drill holes over a total distance of 800 meters so far. Enough said.
Comment by Jon - BMR — November 24, 2015 @ 11:06 am
“File Not Found”.
No interview for CC lol.
Comment by ConcernedCitizen — November 24, 2015 @ 11:36 am
Perhaps re-boot your computer, CC. It’s a standard mp3 audio file….click on the arrow on the right….checks out fine on all our systems…
Comment by Jon - BMR — November 24, 2015 @ 11:46 am
It will be very interesting to see assays. Regoci stated that shareholders should be excited as well. It has been a long time since I have seen any company update shareholders as often as GGI has during a drill program. Lets hope there is gold in those cores….then we can just sit back and let this play out.
Comment by weatheritout — November 24, 2015 @ 11:46 am
Not sure if GGi’s move is because of BMR’s interview but regardless, its moving 🙂
Comment by Tony T — November 24, 2015 @ 12:07 pm
I just took the 16.5 and 17 cent stock here .
Comment by 123car — November 24, 2015 @ 12:13 pm
GGI looking really strong today…..buying into the ask, no selling into the bid
Comment by weatheritout — November 24, 2015 @ 12:14 pm
Regoci comments…….”we’re really really really anticipating the assays on hole #3″
Can he say anymore.
Comment by weatheritout — November 24, 2015 @ 12:17 pm
Good interview Jon. Look forward to the rest. Have a good one everyone!!!
Comment by weatheritout — November 24, 2015 @ 12:18 pm
GGI looking good, now need DBV to start moving!
Comment by Sam — November 24, 2015 @ 12:47 pm
Dell computers are “turrible” as Charles Barkley would say.
Can only save images as “default PNG”, blue screen crashes, gotta reboot my stuff to listen to an MP3. Googling Microsoft answers for these issues showed me the light, Dell is the devil. Just kidding, but not really.
Awesome interview.
Comment by ConcernedCitizen — November 24, 2015 @ 1:10 pm
Hey 123car, was that you who closed out GGI?
Comment by Tony T — November 24, 2015 @ 1:32 pm
KEK.V on the move again. Up 20% today. Keep a close watch on this low floater.
Comment by BigRig — November 24, 2015 @ 1:49 pm
Jon, excellent interview with Regoci. I am sure there’s more to come. Imagine if vertical hole # 4 drilled 800 meters from hole # 1 and 600 meters from hole # 3, are all connected at depth. Hole 1 and 3 is for sure after listening to the interview. We know all holes, at least 3 of them ended in mineralization but how deep did hole #4 go? Did Regoci give any indication as to the depth of that hole? Imagine another 200+ meters straight down ending in the same dark pyrite magnetite mineralized material. Can you say critical mass? If the assays come back with gold values as high as I think they could be, we are in for one hell of a ride. I may be getting a bit excited, but after hearing Regoci saying “we are really, really, really, eagerly looking forward to hole 3 assays”, how can I not be.(XRF analyzer on site) In my opinion, anyone waiting for results before jumping in given the public info so far, may end up paying a much higher price if the stock is halted and we end up with a glory hole/s.
Comment by Dan1 — November 24, 2015 @ 4:04 pm
#2, Jon you note “intersected in 3 drill holes”….do you mean 4? all 4 appear to be connected and displaying the dark mafic unit to varying degrees
Comment by Foz1971 — November 24, 2015 @ 5:38 pm
Once we know the result of these first 4 hole, we will be able to predict how crazy this story will be, we’ve just seen the tip of the iceberg here IMO. Remember everything is big at the grizzly.
Comment by Sylvain — November 24, 2015 @ 5:59 pm
I’m getting really excited too. Dan1, if everything goes as u mentioned above, what kind of market cap do u think we can see in the short term?
Comment by Sameer — November 24, 2015 @ 7:01 pm
Tony I bought 120 k 16.5 17cents and the same house 79 CICB took the rest at days end.
Comment by 123car — November 24, 2015 @ 8:17 pm
Kek.V did a W bottom like Dave talked about, a close below the band a short run up, retraced and closed above the band before running up again.
Comment by jasi — November 24, 2015 @ 9:29 pm
good morning bmrboys I bring you the latest info on HERON RESOURCES HER TEXCH “NOVEMBER 24 2015 WOODLAWN PHASE 11 DRILLING PROGRAM COMPLETED – HIGH GRADE INTERSECTIONS CONTINUE” regards walter emond
Comment by walter emond — November 25, 2015 @ 2:10 am
KEK NEWS.
Comment by BigRig — November 25, 2015 @ 6:23 am
KEK – nice timing, again
Comment by david — November 25, 2015 @ 6:37 am
Jasi – that wasn’t quite the perfect double bottom on KEK, nonetheless its probably going to move up.
After that disappointing news on SLC the other day, they now come out with huge news and it’s moving. I tried to get in under .20 this morning but my broker had problems getting thru. Can’t trade online yet until this new platform gets installed into Canada. UGH
Comment by dave — November 25, 2015 @ 6:45 am
SLC – heaviest resistance is .25 – after that it should move nicely into the .30’s
Comment by dave — November 25, 2015 @ 6:52 am
The good news today. Daughter safety is good. Suspect caught and in jail. I want to thank all who wished me well on this. We can enjoy a peaceful Thanksgiving. Due to this change over in Brokerage house, no one will be there tomorrow to make trades thru to Canada. I think that I will hold off buying anything till Friday. Thank you to all.
Comment by dave — November 25, 2015 @ 7:09 am
Dave, happy to hear that all is good with your daughter!! Any updates on EQT?? Do you still have your core position or are you out??
Have a nice Turkey Day!!
Comment by Jeff — November 25, 2015 @ 7:25 am
Dave, happy to hear that all is good with your daughter!! Any updates on EQT?? Do you still have your core position or are you out??
Have a nice Turkey Day!!
Comment by Jeff — November 25, 2015 @ 7:25 am
Looks like they may want to move YFI up today. Remember .20 is support, it dropped to .18 yesterday on the news of no material change, but closed at .21 – always go by closing price, not intra day. YFI is a no brainer long term hold.
Comment by dave — November 25, 2015 @ 7:26 am
Hi Dave, can you enlighten, me not perfect in what way?
Thank you
Comment by jasi — November 25, 2015 @ 7:38 am
Dave great news, enjoy your thanksgiving!
Comment by murf — November 25, 2015 @ 7:40 am
Hey Dave … good news.. all we ever want for our kids is health happiness and safety!~!!
Comment by Jeremy — November 25, 2015 @ 7:54 am
No surprise here: SLC, YFI, and KEK are in the top ten right now in volume.
Right now my 2 favorite mining plays are GGI and EQT.
I am finishing my DD on a very good story of another non-mining play. I will talk about this one over the weekend.
My favorite non mining play is YFI and this one coming up I will talk about. Need to make a couple phone calls.
Comment by dave — November 25, 2015 @ 8:04 am
Haywood started buying YFI. They are the MM’s to the stock and it normally moves when you see them on the buy side.
Comment by dave — November 25, 2015 @ 8:30 am
Thank you gang.
Jasi – don’t understand your post, not perfect in what way. Tell me what you are asking about.
EQT – waiting for something, yes, I hold some.
Comment by dave — November 25, 2015 @ 8:37 am
Jasi, just caught what you meant. KEK never did a true double bottom. .50 is resistance, if it breaks .50, its off to the .80 to .83 range.
Remember, stocks must do a perfect double bottom (or within half penny) for that rule with the bollinger bands to apply.
Comment by dave — November 25, 2015 @ 8:41 am
KEK – first bottom on 11-11. .32 – second downward move .36 – not close enough for a double bottom. Again .50 is resistance, watch it close here.
Comment by dave — November 25, 2015 @ 8:43 am
Jasi – KEK is tricky. It can go up or down quickly. Be careful with that one.
Jon, lets hope for a discovery on GGI or EQT. Saving my peanut money for the kill if it happens.
Comment by dave — November 25, 2015 @ 9:01 am
SLC – nearing that heavy resistance at .25, lets see what happens. Also, at .24, RSI just now getting up to 50, so she will have room to move before overbought.
Comment by dave — November 25, 2015 @ 9:15 am