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TSX Venture Exchange and Gold

What a week it was.

The S&P 500 fell for the 9th consecutive trading session Friday, the first time that has occurred in 36 years.  Crude Oil tumbled nearly 10% while Gold shot back up above $1,300 an ounce.  Chicago Cubs came from behind 3-games-to-1 to capture their first World Series title in 108 years.  And Donald Trump has moved into a statistical tie with Hillary Clinton in the opinion polls with an historic U.S. election just 3 days away.

The world could easily change dramatically on Tuesday.  The odds of that happening are far greater than establishment forces, including the mainstream media, care to admit, so how may that impact the Venture and precious metal prices?

Click here to read the rest of today’s Week In Review And A Look Ahead, and learn more about where the Venture is headed in the coming weeks, with a risk-free Pro, Gold or Basic subscription featuring a 100% money-back guarantee, or login with your username and password.

Gold has traded between $1,294 and $1,308 so far today…as of 10:00 am Pacific, bullion is up $1 an ounce at $1,303…Silver is 7 cents higher at $18.39…Copper, enjoying a great week, has added another penny to $2.25…Crude Oil has slipped a further 63 cents a barrel to $44.03 while the U.S. Dollar Index has retreated one-fifth of a point to 97.02…

The Saudis have denied a Reuters‘ report this morning that they have threatened to sharply hike Oil output if Iran doesn’t cooperate on an OPEC agreement to cut production…

The Saudis would never threaten other countries, now would they?…we actually believe they threatened the Iranians with something far more serious besides overflowing amounts of Oil if Iran doesn’t comply with their wishes…what this shows is that the Saudis, who have seen their stockpiles of cash dwindle to the point where they were forced to pull off a monster bond offer recently, are determined to bring OPEC members in line to help prop up prices…

Although central bank Gold purchases have been uninspiring this year, one research firm remains optimistic that this segment of the market will continue to grow…according to Capital Economics, quoting data from the World Gold Council, central banks were net Gold buyers last month with purchases totaling 13 tonnes…once again the Russian central bank was the biggest Gold buyer, purchasing 16 tonnes last month…the People’s Bank of China bought almost 5 tonnes while Kazakhstan added slightly more than 4 tonnes…Simona Gambarini, respected commodities economist at the U.K.-based firm, noted that the buying from the 3 central banks outweighed 13 tonnes of Gold sold by Turkey…central banks have bought a total of 52 tonnes of Gold so far this year, well below official purchases seen during the same time frame last year…

Jobs Report

The U.S. economy added a less-than-expected 161,000 jobs in October and the unemployment rate stood at 4.9% as investors got to digest the final payrolls report before Tuesday’s elections…but the bigger number in the report could be wages, with average hourly earnings climbing 10 cents and reflecting a 2.8% annualized increase, according to the report from the Bureau of Labor Statistics…that number – the sharpest rise in wages in 7 years – will likely be ammunition for Fed hawks to push for a rate hike in December, depending of course on how events unfold in Tuesday’s U.S. elections…a Trump victory and everything is thrown upside down…a Clinton victory may still throw things upside down as Washington could plunge into political chaos for a variety of factors, not the least of which is that Hillary has poked the FBI director in the eye to try to save her campaign at the last minute…

The VIX (Volatility Index) Has Momentum In Its Favor

Rising anxiety among global investors has propelled the swiftest weekly dash into cash since 2013 as money managers dumped bonds and drove the longest sell-off in the benchmark S&P 500 since the financial crisis…some of that cash ($205 million in the past week) is flowing into Gold…

The scrambling of positioning has pushed the VIX, a measure of expected equity volatility known as Wall Street’s “fear” gauge, to its highest level since the immediate aftermath of the U.K.’s Brexit vote…

Stocks start to seriously wobble when the VIX moves above 25…it’s holding steady at 22 this morning with RSI(14) above 70%…chances are the VIX will push higher based on multiple indicators we’ve been looking at…

The Weakening S&P 500

The S&P 500 has logged 8 straight losing sessions, only the 2nd time it has done so in the past 2 decades…the last time the large-cap index fell in 8 consecutive sessions was in October 2008 when the market dropped massively during the first 10 calendar days of that month in The Great Crash that came soon after the Lehman Brothers‘ bankruptcy…of course, the current move hardly resembles the one in 2008 in terms of intensity…while the market was 23% lower after those 8 sessions in 2008, the S&P has fallen by less than 3% during its current losing streak…

S&P 500 6-Month Chart

Technical deterioration of the S&P 500 began well before last Friday when it was announced that the FBI’s investigation of Hillary Clinton’s private email server was being reopened…

Buy pressure started waning in late July and the S&P has been struggling since falling below its 50-day moving average (SMA) in early September…sell pressure is intensifying and RSI(14) is threatening to fall below previous support around 30% on the daily chart…next week will be key…

Citigroup Pushes For Clinton

This headline on CNBC this morning should come as no surprise, just 5 days before Election Day in the U.S. – “Citi Predicts Possible 5% Drop For S&P 500 If Trump Wins, Warns On Recession” (the same fear mongering the establishment unleashed prior to the Brexit vote)…

Employees of the Wall Street bank are the single largest source of campaign donations to Hillary Clinton over the course of her political career…

In Today’s Morning Musings…

1. The Dow at the edge of a cliff – will it pull itself back?…

2. Northern Shield Resources (NRN, TSX-V) discloses a VTEM anomaly straddling the border with Clean Commodities (CLE, TSX-V) at Sequoi where drilling begins shortly…

3. Will HIT (TSX-V) turn into a Christmas hit in the market?…

4. Daniel’s Den – a stock capitalizing on MEGA trends, plus Salazar Resources (SRL, TSX-V) and high-grade in Ecuador…

Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…

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

1. Gold prices are holding steady just above $1,300 an ounce after a ho-hum U.S. jobs report this morning that showed a slightly lower-than-expected headline number of 161,000 while the unemployment rate remained unchanged at 4.9%…wages were a bright spot as they increased at an annualized rate of 2.8%…

2. The S&P 500 has declined for 8 straight sessions and today will try to snap its longest losing skid since October 2008…what’s on the horizon? – updated charts for the S&P 500, Dow and TSX in today’s Morning Musings…

3. Doubleview Capital (DBV, TSX-V) announced this morning that it has commenced a 2,000-m drill program at the Hat Project in the Sheslay district to further test the Gold-Copper porphyry deposit laterally and at depth…in recent weeks a Doubleview crew, using a small portable drill, has completed a series of very shallow holes in areas south and northeast of the Lisle Zone that confirm the presence of sulphide mineralization…those shallow exploration holes were for the purpose of obtaining additional geological information in areas of very limited outcrop and will assist in better placement of future diamond drill holes…DBV is up half a penny at 8.5 cents as of 7:00 am Pacific…

4. Keep an eye on Salazar Resources (SRL, TSX-V) – its promising El Domo VMS project in Ecuador, with significant Indicated and Inferred resources including 6 million Indicated tonnes of 2.3% Cu, 3% Zn, 3 g/t Au and 56 g/t Ag, is finally getting drilled again as SRL has started a 40-hole program…drilling will attempt to expand the El Domo deposit and locate new discoveries around its margins and regionally…

5. Cameo Resources (CRU, TSX-V) is the runaway Venture volume leader in early trading, up 2 cents at 5.5 cents as of 7:00 am Pacific after announcing it’s exploring multiple acquisition opportunities in the medical marijuana and cannabidiol industry…

6. Crude Oil prices are on course for their 6th straight day of losses, dragged lower by a surge in U.S. Crude inventories and doubts over the ability of producers to coordinate output cuts…meanwhile, Reuters has just reported that Saudi Arabia has threatened to raise Oil output sharply to bring prices down if Iran refuses to limit its production…

7. Election update – FiveThirtyEight has again slightly boosted Donald Trump’s chances of winning the Electoral College to 33.5%, and the Republican has “many paths to victory” if he’s within at least 2 percentage points of Hillary Clinton in the popular vote…FiveThirtyEight shows Clinton’s lead over Trump has narrowed to 3.1 percentage points…

Gold has traded between $1,285 and $1,307 so far today…as of 10:15 am Pacific, bullion is up $5 an ounce at $1,301 after some volatile trading overnight following a Brexit ruling from the UK High Court as referenced in 7 @ 7:00…Silver is off its lows but down 13 cents to $18.32…Copper has added 2 pennies to $2.24…Crude Oil has slipped another 81 cents a barrel to $44.53 while the U.S. Dollar Index is off one-quarter of a point to 97.14…

It’s “Jobs Friday” tomorrow and market expectations are that 175,000 U.S. jobs were added in October, according to the median estimate of 106 economists polled by Reuters…106 economists picked by Reuters may prove as accurate as the latest Reuters/Ipsos U.S. election tracking poll released yesterday that showed Hillary Clinton leading Donald Trump by 6 points…

The Institute for Supply Management said today that its headline index for the service sector fell to 54.8% in October (below expectations) from 57.1% in September…in other economic data released this morning, new orders for U.S. factory goods rose for a 3rd straight month in September but a further decline in order books suggested the manufacturing sector will struggle to emerge from a prolonged slump…meanwhile, U.S. worker productivity increased at its fastest pace in 2 years in the 3rd quarter, helping to curb growth in labor costs, but the trend remained weak…

Brazilian Robbers Steal 2 Million Ounces Of Gold From Jacobina Mine

The Globe and Mail reported this morning that armed robbers stole around 2,000 ounces of Gold worth $2.6-million (U.S.) from Yamana Gold’s (YRI, TSX) Jacobina mine in northeast Brazil last month…the mine had disclosed the robbery last month but did not say at the time how much Gold had been stolen…a group of heavily armed men stormed the Gold mine in the early hours of October 17 and fatally shot a security guard…local media reported that the robbers had blown the mine’s safe open with explosives…Yamana declined to comment on specifics, saying a police investigation continued. “The amount of Gold that was stolen is modest as material is kept in inventory only briefly after a Gold pour pending transport,” Yamana said in a statement…the company has insurance to fully cover the theft…

The Markets & Tuesday’s Elections

Epic Battle: Clinton vs. Trump

U.S. equity markets have not enjoyed an “up” day since news of the FBI re-opening its investigation of Hillary Clinton and her private email server broke during the trading session last Friday…a Clinton victory next Tuesday, assuming Democrats do not seize control of Congress which seems highly improbable at this point, would likely produce a “relief” rally on Wall Street…a Trump win, growing increasingly possible due in part to the intensity and enthusiasm of his supporters, is almost sure to be initially negative for stocks given how it would produce fresh uncertainty and a massive shock to the “status quo” and the establishment including much of the mainstream media…odds of a December rate hike by the Fed would plunge on a Trump victory while traders would also be speculating on the future of Fed Chair Janet Yellen who has been publicly criticized by the Republican nominee…however, a V-shaped recovery move in equities could unfold as Wall Street reflects later on very positive tax and regulatory changes that Trump supports…one important market sector that would clearly benefit from a Trump victory is Oil and Gas…

Potential Gold Impact

As for Gold, a Trump win would likely quickly drive the yellow metal to a new yearly high above $1,400 on safe haven buying…the self-proclaimed “King of Debt” is going to significantly cut taxes, boost infrastructure spending (Daniel recommended some good plays in that space recently) and sharply increase military spending while Congress will likely avoid touching entitlements, at least for now…that’s a recipe for higher deficits and debt during the first part of a Trump term, a fact Gold bugs will like a lot…over time, the argument goes, a private sector freed from the shackles of Obama’s over-regulation and over-taxation will ignite substantially higher economic growth, allowing the government to tackle the debt problem…

Polls Tighten But How Accurate Are They?

Billboard on Vancouver, B.C., Skytrain route.

The final polling averages in the 1980, 2000 and 2012 elections were off by 3 percentage points or more versus the actual voting results…the current FiveThirtyEight national polls popular vote gap between the candidates is 3.2 percentage points…based on those polls, and its polls-plus formula, FiveThirtyEight is giving Clinton a 67% chance of winning the Electoral College and the presidency vs. a 33% chance for Trump, but those odds for Trump have risen dramatically in recent days…we’ve also argued that Trump’s support has been underestimated in most of the polls…in addition, there’s a strong anti-establishment undercurrent in the American body politic at the moment, a fact reflected by the strength of the insurgent candidates in the primaries…Trump as the “change maker” is in a far better position to win than the polls and the mainstream media are suggesting, and the markets have only started to recognize that reality…most foreigners, the majority of whom have have little understanding of American politics and history, likely can’t imagine Clinton not becoming President based on the distorted media portrayal of Trump and the countless polls that have consistently put Clinton ahead since the start of this race…if they thought Brexit was a surprise, they would be astounded to see a “Revolt of the Deplorables” next Tuesday that carries Trump into the White House…

4 Critical States

No one has been elected President since 1960 without carrying two of the key swing states, Florida, Ohio and Pennsylvania…and this year, North Carolina has been added to the mix…all 4 of these critical states remain very close entering the final days but late momentum appears to be swinging in Trump’s favor…if he wins Florida, Ohio and either North Carolina or Pennsylvania, it’s game over for Hillary but at least she won’t become the first President or President-elect to be indicted…

Clinton Could Win Battle But Lose War

Even if Clinton manages to stagger across the finish line next Tuesday, even tougher battles will lie ahead for her with the FBI and Congress over her private email server scheme and improper handling of classified information as Secretary of State…as if that’s not bad enough, the FBI’s investigation into the Clinton Foundation that has been going on for more than a year has now taken a “very high priority”, separate sources with intimate knowledge of the probe have told Fox News as reported by the network yesterday…FBI agents have interviewed and re-interviewed multiple people on the foundation case which is looking into possible “pay for play” interaction between then-Secretary of State Clinton and the Clinton Foundation…the FBI’s White Collar Crime Division is handling the investigation…even before the WikiLeaks’ dumps of alleged emails linked to the Clinton campaign, FBI agents had collected a great deal of evidence, according to Fox News’ law enforcement sources…“an avalance of new information is coming in every day”…a huge dark cloud of scandal hangs over Hillary, just as it has in general with the Clintons for 3 decades…

It’s wise to expect the unexpected on Tuesday…after all, the Chicago Cubs came from behind 3-games-to-1 to win their first World Series in 108 years last night…

The Emerging Volatility Spike

The single leverage VIIX (VelocityShares Daily Long VIX Short-Term ETN) trading on the NASDAQ, is an ETN that’s linked to the CBOE short-term VIX futures…there’s also a double-leveraged version – TVIX – as we outlined in our most recent Sunday Sizzler when we examined some immediate tactical trading options for experienced investors looking for a hedge…the VIIX is up 11.3% since last Friday while the TVIX has jumped 23.5%…they are set to climb higher…

The current technical posture of the VIIX does support the contention that overall market volatility is set to increase in the days ahead…note the breakout above the downtrend line in place since June when the VIIX last spiked thanks to the Brexit vote…RSI(14) is headed straight toward overbought territory while the next Fib. resistance is $13.32…

The VIIX is up 44 cents at $12.58 as of 10:15 am Pacific…

In Today’s Morning Musings…

1. More than just an interesting technical drilling discovery for Teuton Resources (TUO, TSX-V) at Del Norte Property adjacent to IDM’s Red Mountain? – assays pending…

2. Updated Venture chart as Index tries to hold support…

3. Sokoman Iron (SIC, TSX-V) erupts…

4. Updates on Lico Energy Metals (LIC, TSX-V) and WPC Resources (WPQ, TSX-V)…

Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…

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

1. Gold traded as high as $1,307 overnight but reversed lower after the UK High Court ruled that the British Prime Minister can’t trigger the country’s exit from the EU without approval from Parliament (despite the June referendum)…the judgement does not mean Britain will not be leaving the EU…it could throw into chaos, however, the timing and method of Britain’s departure…the government will appeal to the Supreme Court which could overturn today’s decision…it then has the option (how ironic) of turning to the European Court…although the majority of British MP’s voted for Remain, few believe the Commons would block Brexit entirely in any vote on the timing of Article 50 as that would go against the will of 17.4 million people who voted to leave in the referendum…they could add amendments, though, to any legislation that would put constraints on those seeking a hard Brexit…Gold fell as low as $1,285 but has since recovered to $1,296, even on the day as of 7:00 am Pacific…

2. The Bank of England said today there were limits to its tolerance of higher prices as it forecast the biggest sustained overshoot of inflation since the central bank gained independence to set interest rates in 1997…

3. On the move…Hit Technologies (HIT, TSX-V), which develops and markets a portfolio of products for Apple iPhones, is the volume leader in early trading on the Venture, up a penny-and-a-half at 6.5 cents through the first 30 minutes of trading (4.8 million shares)…

4. Teuton Resources’ (TUO, TSX-V) technical discovery in the Golden Triangle – will the core run?…3 holes drilled by Teuton at its Del Norte Property adjacent to IDM Mining’s (IDM, TSX-V) Red Mountain Project have hit at least the edge of a Copper-Gold porphyry system, a new find on the property…

5. Calibre Mining (CXB, TSX-V) has just announced that it is acquiring all of the interest held by B2Gold (BTO, TSX) in the Borosi concessions in Nicaragua and comprising the Primavera Gold-Copper Porphyry Project and the Monte Carmelo Gold deposit in exchange for 23.5 million CXB shares and a 1% NSR…

6. Kinross Gold (K, TSX), the world’s 5th-biggest Gold miner, reported better-than-expected Q3 earnings following yesterday’s market close on the back of a stronger Gold price and slightly higher production…the Toronto-based miner said it was “tracking” toward the lower half of its 2016 production forecast of 2.7 million to 2.9 million Gold equivalent ounces…at the same time, its 2016 all-in sustaining costs were headed toward the upper half of its forecast range of $890 to $990 (U.S.) per ounce, it said…K is up 25 cents at $5.44 as of 7:00 am Pacific…

7. Election update – FiveThirtyEight has further boosted Donald Trump’s chances of winning the Electoral College to 33%, and the Republican has “many paths to victory” if he’s within at least 2 percentage points of Hillary Clinton in the popular vote…FiveThirtyEight shows Clinton’s lead over Trump in the polls has narrowed to 3.2 percentage points…

Gold has traded between $1,290 and $1,307 so far today…as of 10:15 am Pacific, bullion is up $18 an ounce at $1,306, a new 1-month high…Silver has soared 33 cents to $18.67…Copper is flat at $2.22…Crude Oil has fallen $1.47 a barrel to $45.20 on an inventory surprise, while the U.S. Dollar Index has tumbled another half point to 97.26…

The Federal Reserve wraps up its 2-day meeting shortly with an announcement at 11:00 am Pacific…markets will be looking at language as it pertains to a possible rate hike in December…

Gold accelerated this morning on the news of a weaker-than-expected U.S. private sector employment report for October of 147,000 jobs…that was the smallest increase since May and the third worst report in the past year…if the Fed actually has the courage to raise rates in December, which we believe it won’t, it’ll be hiking into a slowing economy…

The world’s largest Gold-backed exchange-traded fund, New York’s SPDR Gold Shares, reported its first inflow in just over a week yesterday, 2.7 tonnes…last month the fund reported a net outflow of just over 5 tonnes but Gold reserves remain near their highest levels in 3 years…

According to commodity analysts at Commerzbank, global reserves of Gold ETFs had inflows of 9 tonnes in October…however, that was the second lowest level of monthly inflows so far this year…over the last 3 months, global reserves have increased by only 33 tonnes…

“That is not even half the inflows that Gold ETFs recorded on average per month in the first 7 months of the year,” the analysts said. “This also explains why the Gold price increase ran out of steam in July.”

HSBC:  Gold To $1,500 By Year-End? 

Gold prices will rise under either a Donald Trump or Hillary Clinton presidency but likely would rise faster under Trump, perhaps hitting $1,500 an ounce before the end of the year, HSBC said yesterday…

“This U.S. election may be particularly important in setting the course of U.S. economic policy and foreign policy and hence for Gold prices, given the severity of the challenges facing the economy (including still-sluggish economic growth, income inequality, high debt levels and low productivity) and foreign-policy entanglements and challenges,” said the report. “Policy proposals from Democratic presidential candidate Hillary Clinton and Republican Donald Trump vary significantly, leading to potentially very different implications for Gold and other assets.”

BHP Billiton Sees Copper Demand Boost Through Electric Car Sales

Did you know that an average American car contains about 55 pounds of Copper wiring…an electric car, meanwhile, has 3 x as much, mostly thanks to their rotors?…

BHP Billiton (BHP, NYSE), the world’s biggest miner, is looking forward to the coming surge in electric vehicle sales across the globe…the Melbourne-based resources giant sees new opportunities in Copper as consumers opt for electric vehicles, or EVs, and other renewable energy technologies…

“As you see more renewables and EVs, we also will see an impact on Copper demand,” Fiona Wild, BHP’s vice president, sustainability and climate change, said yesterday at a conference in Shanghai hosted by Bloomberg New Energy Finance. “EVs at the moment have about 80 kilograms of Copper in them. As they become more efficient, you see a greater amount of Copper in those vehicles, so there’s always upside for Copper.”

Copper accounts for 27% of BHP’s commodity sales, second after Iron Ore at 34%, according to the company website…

It’s estimated that by 2020, about 2.2 million EV’s will be sold globally, up from 460,000 expected in 2016…as a powerful offset to substitution, Copper is superbly placed to benefit from expanded end use demand on the back of observed trends in technology…

Western Troy Capital Resources (WRY, TSX-V) Awarded $1.25 Million in Genivar Lawsuit

Gold Bullion Development (GBB, TSX-V) is not the only exploration company that has had a major problem with Genivar (renamed WSP Global)…it has been over 4 years since Western Troy (WRY, TSX-V) filed breach of contract and negligence claims against Genivar and one of its employees as a result of Genivar’s work on a feasibility study for Western Troy’s MacLeod Lake Copper Molybdenum Project in Quebec…in an order issued by the Ontario Court, Genivar has been found negligent in a number of instances surrounding its work on MacLeod Lake and Western Troy has been awarded $1.25 million in restitution…the company was also awarded costs and interest, the amount of which will be determined soon…

Rex Loesby, Western Troy’s CEO, commented, “While we are happy this ordeal is finally concluded, we are disappointed with the court’s ruling in that we believe the damages to be far in excess of the award. Throughout the process we have been confident of eventual success in the litigation, but it has been a very long and frustrating effort to get to this point.”

WRY is up a penny at 3 cents on the news as of 10:15 am Pacific…

In Today’s Morning Musings…

1. Benton Resources (BEX, TSX-V) ramps things up and hits a new multi-year high…

2. Bullish possibilities for the TSX Gold Index and the HGU as John updates the Gold chart…

3. Redemption for Prosper Gold (PGX, TSX-V)?…

4. Canadian Zeolite (CNZ, TSX-V) – one of the best charts on the Venture…

5. Daniel’s Den – is it a good sign that Mark Cuban is buying Uranium?…

Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…

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

1. Gold has pushed to a new 1-month high just above $1,300 an ounce as traders begin to factor in new U.S. election dynamics and a private jobs report this morning that missed expectations with the smallest increase since May…

2. Momentum continues to accelerate in the HGU (Horizons BetaPro S&P Global Gold Bull Plus ETF) which is up another 90 cents to $22.30 through the first 30 minutes of trading…chart update on the TSX Gold Index in today’s Morning Musings…

3. Marathon Gold (MOZ, TSX) intersects 30 m @ 3.61 g/t Au (18 m true width) and 35 m @ 3.10 g/t Au (19.3 m true width) in fresh drill results released this morning from the company’s Marathon deposit in the Valentine Lake Gold Camp…the deposit remains open along strike and now extends to depth in excess of 350 m…a second drill rig has been added to the project in advance of an anticipated 2017 resource update…

4. Benton Resources (BEX, TSX-V), a major player along the Cape Ray Fault near Marathon, has hit a new 52-week high after announcing it has signed a binding LOI to acquire a 100% interest in the Bedivere Gold Property 130 km west of Thunder Bay…recent prospecting has resulted in a new high-grade Gold discovery where surface grab samples have returned assays ranging from trace up to 1,281 g/t (41 ounces per tonne)…

5. Technical breakout in Canadian Zeolite (CNZ, TSX-V) above Fib. resistance at 41 cents, just a week after the company entered into an exclusive national distribution deal with Bella Turf, Canada’s leading distributor of artificial turf landscape grasses…updated chart in today’s Morning Musings…

6. Prosper Gold (PGX, TSX-V) completes a $1.7 million financing and mobilizes a second drill to its Ashley Gold Project in northern Ontario where drilling has been expanded from 7,500 m to 20,000 m…the widespread high-grade Ashley-Garvey surface veins may coalesce at depth…PGX is trading at 28 cents, just above its rising 200-day moving average (SMA)…

7. Election update – fivethirtyeight.com has boosted Donald Trump’s chances of winning the Electoral College to 30%, and the Republican has “many paths to victory” if he’s within at least 2 percentage points of Hillary Clinton in the popular vote…