Gold has traded between $1,240 and $1,250 so far today…as of 11:15 am Pacific, the yellow metal is up $3 an ounce at $1,248…Silver has added 13 cents to $17.69…Copper is flat at $2.62…Nickel is down slightly at $4.46…Crude Oil is 37 cents higher at $48.07 while the U.S. Dollar Index is off one-tenth of a point at 99.66…
Markets are paying close attention to what’s unfolding today on the floor of the U.S. House of Representatives where a critical vote will take place (unless it’s pulled at the last minute) on repealing and replacing Obamacare, a drag on the U.S. economy for more than 7 years…the vote to repeal the “Affordable Care Act” and replace it with the new American Health Care Act will be very close but now seems likely to fail given opposition from the conservative Freedom Caucus…some will interpret or “spin” the vote, if it occurs today, as a bellwether for the Trump administration’s ability to implement its agenda (much-needed tax reform is next)…after a few procedural moves, the House of Representatives is expected to vote on the bill late this afternoon (EST)…even in the now unlikely event it passes the House, the legislation would face a potentially tough fight in the Republican-controlled Senate…a defeat of the healthcare plan in the House would probably initially be viewed negatively by the equity markets but may also drive more investors into Gold…we’ll see…the bottom line, however, is that if Obamacare isn’t put out of its misery soon by the politicians, it’ll ultimately implode anyway…
Some Fed officials spoke today…James Bullard said that just one more rate hike this year would be appropriate following a rise earlier this month, but that he would not fight a second one…William Dudley said that “delicate” policy changes were necessary…
Two Teenagers Arrested After Earning $50,000 Selling Fake Gold Bars
Two 17-year-old boys have been arrested in Bend, Oregon, for selling fake Gold bars to customers on Craigslist, according to police…the teens bought knockoffs of Perth Mint and Royal Canadian Mint Gold bars online and then re-sold them as real ones, earning a total of $50,000 in 8 months. “The juveniles were sophisticated and used multiple ways to conceal their identity and scheme,” according to Bend police Lt. Clint Burleigh…
Cobalt – Another Major Breakout Imminent?
Cobalt’s January breakout above $15 (U.S.) per pound was hugely significant and led to some major share price increases in Cobalt stocks through February…
Now, Cobalt is trading just 40 cents below the next critical resistance which is $25…that level was resistance in late 2009/early 2010 after it was support in late 2006 just prior to a spike in prices to more than $50…
Given the dynamics currently at play in the Cobalt market, we see another major breakout in the works above $25 – prepare!…we see nothing that can stop this from happening – only a matter of when, not if…
Cobalt 12-Year Price Chart
In Today’s Morning Musings…
1. Understanding the Venture’s current trading – the key level the Index must overcome…
2. The wall that’s holding up Crude Oil…
3. Another Gowganda go-getter…
4. Daniel’s Den – Friday’s Footnotes – a quick rundown on 9 stocks…
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.
Hi all: I think fellow subscribers should really have a close look at Dynacert DYA on the venture. They had their AGM on Friday and gave a tremendous amount of useful information. I encourage everyone to do some DD on this one. Here is a link to a slide that they presented at the AGM with stock price prediction based on sales in 2017. This is the real deal, not technology in the works but it is presently being rolled out and proven by third party evaluators. The CEO kept stating that they had to dial back sales predictions because the numbers were getting staggering. Have a good one
https://twitter.com/hashtag/Dynacert?src=hash
Comment by weatheritout — March 26, 2017 @ 4:38 am