BullMarketRun.ca

Check back later today for Daniel’s Den.

1. Gold has traded between $1,267 and $1,274 so far today, as of 7:00 am Pacific, bullion has reversed higher by $1 an ounce to $1,272…strong technical support exists in the $1,260’s…Silver has added 20 cents to $16.81…base metals are very strong today, led by Nickel (up 17 cents to $4.85) and Zinc (up 6 cents to a new multi-year high of $1.40)… Copper has gained 5 cents to $2.93…Crude Oil is up slightly at $47.67 while the U.S. Dollar Index has rallied another one-quarter of a point to 94.08…stiff resistance begins around 95.0…

2. Indian Gold imports surged to $13.35 billion during the April-July period, according to data today from the government’s Commerce Ministry…July saw the biggest gains, as the yellow metal’s imports jumped to $2.1 billion, doubling last year’s monthly data…July was an important month for the country, which rolled out a new 3% nationwide sales tax on Gold and Gold jewelry on the first of the month….data also show a significant rise in Gold shipments from South Korea…

3. Minutes of the Federal Open Market Committee meeting are due later in the day…the dollar could get another boost if the minutes deliver a hawkish tone on top of some strong economic data that was released yesterday including retail sales which jumped the most in July in 7 months…

4. The broader equity markets are building on their gains from yesterday…the Dow is up 70 points at 22,069 through the first 30 minutes of trading…in Toronto, the TSX has jumped 57 points while the Venture has backed off slightly from resistance at 770…Cornerstone Metals (CCC, TSX-V), sporting a market cap of just $1.75 million, continues to be one of the Venture’s most active stocks, adding half a penny to 7.5 cents as of 7:00 am Pacific…last Friday, the company announced it has entered into an LOI to acquire one of he largest primary Vanadium deposits in the United States…

5. Almadex Minerals (AMZ, TSX-V) woke up yesterday, releasing strong assay results from drill hole EC-17–029 from the Norte zone at its El Cobre Gold-rich Copper Porphyry Project in Mexico – 543.9 m @ 1.31 g/t AuEq (0.90 g/t Au and 0.30% Cu)…this included a high-grade interval of 144.8 m @ 1.77 g/t Au and 0.45% Cu…the hole intersected continuous mineralization for more than half a kilometer, showing how the Norte zone is developing significant tonnage as well as good grades…AMZ gained 17 cents yesterday to close at $1.23, just a couple of pennies below resistance at its declining 200-day moving average (SMA)…AMZ is off 2 cents at $1.21 in light early trading so far this morning…

6. In a letter to shareholders, First Cobalt (FCC, TSX-V) says trading in its stock could resume “in a matter of days” and the company will inform the market as soon as it has a trading date…the stock has been halted since June 22 while regulators review details of FCC’s transactions with Cobalt One and CobalTech (CSK, TSX-V) that will bring both of those entities into First Cobalt, creating one of the largest pure play Cobalt companies in the world…meanwhile, First Cobalt’s exploration program continues and is intended to provide a better understanding of the distribution and extent of Cobalt mineralization within the historical Keeley-Frontier mine and explore other Silver-Cobalt prospects on the property…initial assays from the drill program are anticipated in September…work completed to date includes structural mapping of Keeley-Frontier, outcrop mapping and sampling, multi-element geochemical data interpretation, downhole televiewer surveys, and a review of acquired airborne magnetic data…all data are being integrated within a 3-D geological model that is based on about 50 years of data on FCC’s Greater Cobalt project area, which will contribute to the development of a geological model for the Camp…

7. Critical Elements (CRE, TSX-V) is pushing higher in early trading after announcing that the environmental impact study (EIS) for the Rose Lithium-Tantalum Project has been officially submitted to the environmental and social impact review committee (COMEX) and the Canadian Environmental Assessment Agency (CEAA)…submission of the EIS is an important step in the process of obtaining authorization for the project…the EIS conducted as part of the potential start-up of Rose sets out the environmental footprint of the project, the methods for identifying potential social and territorial impacts, and the various initiatives proposed…

The most popular recent BMR articles/videos…

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

CSR Builds Momentum At Castle Mine