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Gold has traded between $1,240 and $1,251 so far today…as of 11:00 am Pacific, the yellow metal is up $5 an ounce at $1,248…Silver is 12 cents higher at $18.20…Copper and Nickel are both unchanged at $2.64 and $4.51, respectively…Crude Oil is up 22 cents at $50.57 a barrel while the U.S. Dollar Index has slipped one-tenth of a point to 100.38…

Gold is on track for a nearly 8% quarterly rise, its best quarter in a year, as political and economic uncertainty across the globe have fueled demand for bullion as a safe haven…though up strongly on a quarterly basis, the yellow metal experienced its biggest 1-day drop in more than 3 weeks yesterday after failure to break resistance at its 200-day moving average (SMA) around $1,260…

The greenback is headed for its best week this year, not surprisingly since temporarily oversold conditions and the solid support at 99 on the Dollar Index suggested a technical rebound was in the works as John pointed out last weekend…fundamentally, the dollar has been helped this week by some better-than-expected U.S. economic growth data…however, the Dollar Index may have hit an important top last December and its current consolidation has the potential to evolve into a more negative trading pattern by the summer…

The buying of Gold as a hedge against risk, plus a recovery in Indian buying, are likely to push prices to an average $1,259 an ounce this year, GFMS analysts at Thomson Reuters said in their Gold Survey 2017, published this morning…

Oil Update

Star Oil trader Pierre Andurand.

Pierre Andurand, managing partner at Andurland Capital Management, is one of the world’s best known Oil traders – so investors would be wise to carefully consider his thoughts on this market right now…

Oil prices are currently at a crossroads where they should significantly rebound, he says, and they are not capped around $55 as is widely assumed but rather are on track to hit $70 per barrel later this year…this is what he told CNBC last night on the sidelines of an event where he was crowned the winner of the EMEA Investor’s Choice Awards for 2017…

“I think Oil prices are likely to recover to around $70…we stopped being in oversupply in Q2 last year…now we’re in deficit from April last year to December, and we’ll have a larger deficit this year and next year…I think the market will switch to backwardation – sustainable backwardation – by late summer and that will bring the next wave in Oil prices,” Andurand predicted, referring to the situation where nearer-term spot price Oil contracts are more expensive than longer-dated forward contracts…

On A Lighter Note…

We regret to inform you that John’s charts may not be so colorful anymore!…

It is actually National Crayon Day, and the dark-yellow Dandelion crayon (our favorite) has decided to retire…

Yes, Crayola is saying farewell to Dandelion as he departs the team of 24 and enters retirement…

Crayola made the announcement on Twitter yesterday, much to the disappointment of Dandelion enthusiasts…

This is the first time the company has retired a color from its classic 24-count box…they’re about to announce a replacement for Dandelion, but the remaining 23 colors are red, yellow, blue, brown, orange, green, violet, black, carnation pink, yellow orange, blue green, red violet, red orange, yellow green, blue violet, white, violet red, dandelion, cerulean, apricot, scarlet, green yellow, indigo and gray…

Still lots to choose from but Dandelion is going to be missed!

In Today’s Morning Musings…

1. Cobalt hits $25 – signs that Cobalt stocks are about to heat up again (3 inexpensive plays on the move in northern Ontario)…

2. Cannabix Technologies (BLO, CSE) closes quarter on strong note…

3. Daniel’s Den – Friday Footnotes, updates on several stocks, and what baseball can teach us about investing…

Click here to receive, via email by Monday, BMR’s top picks in the northern Ontario Cobalt Camp… 

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!

To read the rest of today’s Morning Musings, sign up NOW or login as a current subscriber with your username and password.

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

1. Gold has traded between $1,240 and $1,248 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,245 while Silver has added 9 cents to $18.18…despite a nearly 1% drop in Gold prices yesterday, the yellow metal is on track for its best quarterly performance – a gain of almost 8% – in a year…Tom Kendall, head of precious metals strategy for ICBC Standard Bank, sees a good possibility of a breakout for Gold during Q2.  “The greater risk during the 2nd quarter of this year is that unresolved arguments over deficit spending, the debt ceiling and entitlement programs result in Congress making no progress on its legislative agenda, and that consequently the administration fails to get any meaningful tax reform or infrastructure spending bills written, let alone passed.  That would almost certainly lead to the implied probability of another 25-basis-point rate hike in June falling quickly from current levels around 45%. And that in turn would likely give Gold the impetus to break up through $1,300 again.”

2. Oil prices are off slightly this morning after a 3-day rally that has propelled WTI back to the $50 level…this will nonetheless be Crude’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts…one of the world’s leading Oil traders, however, made a very bullish “non-consensus” call last night – we’ll have more on that in today’s Morning Musings…

3. U.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly 5 years supports expectations among many traders of more interest rate hikes this year…the Commerce Department said this morning that consumer spending, which accounts for more than two-thirds of U.S. economic activity, edged up just 0.1% in February – below expectations and the smallest gain since August…meanwhile, the personal consumption expenditures (PCE) price index gained 0.1% last month after jumping 0.4% in January…that lifted the year-on-year rate of increase in the PCE price index to 2.1%, the biggest year-on-year gain since April 2012…

4. The Canadian economy expanded by 0.6% in January from December, more than expected, on widespread growth in goods-and service-producing industries, Statistics Canada data showed this morning…the strong start to the year signals that Q1 annualized growth could exceed the 2.5% that the Bank of Canada forecast in January…growth in mining, quarrying, and Oil and Gas extraction increased by a healthy 1.9% in January…

5. The Dow is off 44 points through the first 30 minutes of trading…in Toronto, the TSX has shed 16 points, while the Venture has edged up 2 points to 810…technically, the Venture has been showing increasing strength since mid-month but it’s still working up the energy to push through a key near-term resistance band between 817 and 824…

6. Tinka Resources (TK, TSX-V) was halted 15 minutes prior to the open this morning, pending news…more drill results from the Ayawilca Zinc Project?…Cobalt prices have hit another multi-year high, $24.95 (U.S.) and could surge again on a breakout above $25…Castle Silver Resources (CSR, TSX-V) has the most technical momentum of any stock in the northern Ontario Cobalt Camp at the moment and we’ll be reviewing CSR and a couple of others in today’s Morning Musings…

7. It has been a great week for Cannabix Technologies (BLO, CSE) with the stock up 25% following news of positive preliminary results from ongoing live testing of the Cannabix Marijuana Breathalyzer…technically, BLO’s 50-day SMA (currently 75 cents) is now reversing again to the upside – a very reliable indicator since late 2014 of pending bullish moves in the stock…BLO is up 2 pennies at 77 cents as of 7:00 am Pacific…

The 3 most popular recent BMR articles…

BMR Morning Market Musings:  Gold Is Showing That It May Soon Take Many Traders By Surprise

Update:  Who’s Who In The Northern Ontario Cobalt Camp

“Optionality” – A Strategy That Works:  Get Gold Exposure For Only $8 Per Ounce

Next BMR Morning Market Musings is tomorrow! Visit us regularly each day for possible separate postings and our comments section.

1. Gold has traded between $1,244 and $1,252 so far today…as of 7:00 am Pacific, bullion is down $6 an ounce at $1,247 while Silver is off slightly at $18.15…an alarming but not surprising report just out from the Congressional Budget Office (CBO) which should comfort Gold bugs…U.S. federal government debt and budget deficits are both set to spiral higher in the coming 3 decades if current patterns hold…due largely to increases in Medicare and Social Security, federal debt will reach 150% of GDP in 2047, the CBO report says…the total current debt held by the public of $14.3 trillion is 77% of GDP…meanwhile, the CBO says the federal budget deficit will more than triple in relation to GDP from the projected 2.9% of GDP in 2017 to 9.8% in 2047…the deficit at the end of fiscal year 2016 stood at $587 billion and it’s hard to see how that will not increase in 2017, perhaps helping to fuel Gold prices…higher interest rates will only make the budget problems worse…

2. U.S. economic growth slowed less than previously reported in the 4th quarter amid robust consumer spending…GDP increased at a 2.1% annualized rate instead of the previously reported 1.9% pace, according to the Commerce Department’s 3rd estimate for the period released this morning…they also said that corporate profits after tax with inventory valuation and capital consumption adjustments decreased to an annual rate of 2.3% in Q4 vs. 6.7% in Q3…

3. The Dow is up 28 points through the first 30 minutes of trading…in Toronto, the TSX has shed 37 points, despite modestly higher Oil prices, while the Venture is flat at 812 after a nice move off its morning low yesterday…Alphinat (NPA, TSX-V), yesterday’s big gainer (>80%) on volume of more than 3 million shares, is off a penny at 14.5 cents…the company is gaining traction with its SmartGuide software system after announcing that a U.S. state and a Canadian province have selected SmartGuide in their efforts to modernize their digital government service delivery to constituents…PyroGenesis Canada (PYR, TSX-V) gapped up this morning and is currently 8.5 cents higher at 47 cents, near a 2-year high, after announcing that it has completed the assembly of its first powder production system, with the first powder run exceeding expectations and ramp-up already in progress…the company’s goal is to become a leading supplier of high purity powders catering to the growing Additive manufacturing industry…in addition, PyroGenesis also expects to be able to produce other materials such as Titanium alloys and Nickel based superalloys…

4. Granada Gold Mine (GGM, TSX-V) experienced one of its highest volume sessions (3.2 million shares) in the last few years yesterday on news that the company is making quick progress with DRA Americas Inc., a subsidiary of DRA Global, a leading international and vertically integrated engineering firm, toward a plan to put the Granada Gold mine in northwest Quebec into production on a ramped up scale that would incorporate a planned 12,000 tonne-per-day state-of-the-art pre-concentration ore sorting facility…meanwhile, GGM says it’ll soon be releasing an updated resource estimate for the Granada LONG Bars Zone (early in Q2) – the first update in nearly 5 years and it could show a major increase given recent discoveries, including through drilling this quarter, outside the existing resource…technically, GGM’s 50-day EMA is reversing to the upside which has immediately preceded other major advances in the stock since late 2015…GGM is unchanged at 7 cents as of 7:00 am Pacific…

5. Richmont Mines (RIC, TSX) has pulled a stellar hole – exploratory drilling has identified new high-grade mineralization approximately 800 m east of the main Island Gold mine deposit with GD-640–05 intersecting 20.6 g/t Au over 11.3 m (true width) at a vertical depth of 1,000 m…this new zone is the down plunge extension of a high-grade trend that was initially discovered last year…drilling at Island continues and is focused on 3 key priorities: 1) expanding near-mine resources outside the Expansion Case PEA area, both laterally and at depth; 2) further expanding the reserve base, primarily within the Expansion Case PEA area; and 3) continuing to test high priority regional Gold targets across the prospective Island Gold Mine property…

6. Enforcer Gold (VEIN, TSX-V), which has commenced a high-resolution aeromagnetic survey over the entire Montalembert Gold Project, released metallic sieve assay results this morning from last fall’s channel sampling campaign on the Galena vein and vein No. 2….this assay method generally returned higher grade results than the ones released in January including 1 sample that went from 5.6 g/t Au (fire assay) to 108.2 g/t Au (metallic sieve assaying is able to overcome the “nugget effect” of Gold by increasing the sub-sample size to 1,000 g and physically collecting the free Gold within the system using a 100-mesh sieve)…VEIN is unchanged at 26 cents through the first 30 minutes of trading as it attempts a breakout above resistance (the top of a horizontal channel) at 25 cents…

7. Shandong Gold Group Co., China’s No. 2 producer by output, says it has discovered what could be China’s largest ever Gold deposit…the Xiling mine in Shandong province hosts 382 tons of Gold reserves, with an average grade of 4.5 g/t, and the volume is expected to reach more than 550 tons within the next 2 years through further exploration…the deposit is apparently more than 2,000 m long and part of it has a thickness of 67 m…operating at full capacity, the mine would have a life of 40 years…Chinese Gold companies have been stepping up their search for domestic deposits and eyeing acquisitions as the nation seeks to increase reserves by 3,000 tons to as much as 14,000 tons by 2020, the Ministry of Information Technology said last month…

The 3 most popular recent BMR articles…

BMR Morning Market Musings:  Gold Is Showing That It May Soon Take Many Traders By Surprise

Update:  Who’s Who In The Northern Ontario Cobalt Camp

“Optionality” – A Strategy That Works:  Get Gold Exposure For Only $8 Per Ounce

Looks Like A Strong Venture Finish To The Quarter!

The Venture enjoyed its best session since March 15 today, climbing 8 points to finish at 812 as it closes in on a key Fib. resistance band between 817 and 824.

Granada Gold (GGM, TSX-V) and Alphinat (NPA, TSX-V), both on the strength of game-changing news, were among the Top 10 Volume Leaders on the Venture today, up 27% and a whopping 82%, respectively.  Meanwhile, Bonterra Resources (BTR, TSX-V) enjoyed its highest close (40.5 cents) since last summer while Enforcer Gold (VEIN, TSX-V) pushed above resistance at 25 cents and could imminently confirm an important breakout.

Click here to receive, via email, BMR’s updated “Who’s Who” List of the Greater Cobalt Camp – the top 15 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!

To read the rest of tonight’s special report, sign up NOW or login as a current subscriber with your username and password.

Gold has traded between $1,248 and $1,256 so far today…as of 11:50 am Pacific, the yellow metal is up $1 an ounce at $1,253…Silver is flat at $18.16…Copper and Nickel are also both unchanged at $2.65 and $4.48, respectively…Crude Oil has jumped $1 a barrel to $49.37 while the U.S. Dollar Index has rallied one-third of a point to 100.05…

The U.K. government’s triggering of Article 50, which will start Brexit negotiations with the European Union, and the upcoming French elections are lending support to Gold but traders are still searching for a catalyst that will drive prices through critical resistance in the $1,260’s…

Gold miners could use a further sustained increase in prices beyond the 9% gain so far this year…Citi predicts that all-in-costs for miners have generally bottomed.  “The past 3 to 4 years’ austerity measures – high-grading, capex cuts, exploration cuts – are about to unwind. Those will either unwind or production will fall, which in turn should drive unit costs sharply higher.” Specifically, Citi said its analysis suggests that around 27% of the industry “burnt” cash in the quarter ending December, compared with 44% in the quarter ending December 2015…

TSX Gold Index Update

Gold producers do need a near-term breakout in the Gold price through the $1,260’s in order to capture fresh momentum…certain aspects of this 5-year weekly chart are positive; however, the 200-day moving average (SMA-40) at 223 is now starting to decline while the 50-day (MA-10) has flattened out at 213…hence, those have been areas of resistance this quarter but the Gold Index has still managed to climb a very respectable 8.2%…

What to watch for…

Key breakout level for the Gold Index is in the low 230’s (Fib. and 200-day) while the metal of course faces its biggest challenge in the $1,260’s…

The Gold Index is up 1 point at 210 as of 11:50 am Pacific…

In Today’s Morning Musings…

1. Granada Gold – lots more of it!…

2. Look what’s “BLO‘ing” as spring begins! – what happens when…

3. Checking up on discovery at Lac La Hache…

4. Daniel’s Den – updates on PRG, CDG and SRL – and what is “buddingtonite?”…

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!

To read the rest of today’s Morning Musings, sign up NOW or login as a current subscriber with your username and password.

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

1. Gold has traded between $1,248 and $1,255 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,253 while Silver is off slightly at $18.13 as the U.S. Dollar Index recovers modestly after touching a nearly 4-month low..traders report that physical demand for Gold appears to be improving in India…meanwhile, yesterday’s big rebound in equities didn’t cause much of a retreat in the yellow metal even though holdings of SPDR Gold Trust, the world’s largest Gold-backed ETF, reported an outflow of 1.8 tons…bullion continues to have geopolitical factors in its favor…British Prime Minister Theresa May filed formal Brexit divorce papers today, pitching the United Kingdom into the unknown and triggering uncertain negotiations that will test the endurance of the EU…elections are also coming up in France while analysts are also keeping a close eye on political trends in Italy in the lead-up to an election there…in the U.S., the increasing probability of rising federal budget deficits should further underpin Gold…

2. One of the Federal Reserve’s most consistent supporters of low interest rates said today that he’s with the majority of his colleagues in supporting further rate hikes this year, given progress on the U.S. central bank’s goals of full employment and stable inflation.  “My current dual mandate outlook allows me to support another one or two increases this year,” Chicago Fed President Charles Evans said in remarks prepared for delivery at a conference in Frankfurt.  “For the first time in quite a while, I see more notable upside risks to growth,” he added…

3. The Dow rebounded yesterday – not surprisingly – given certain extreme oversold technical conditions that emerged over an 8-session losing skid…a good rally into month-end seems very possible even though the Dow is off 50 points in early trading…in Toronto, the TSX has shed 20 points while the Venture is 1 point lower at 803…a key Fib. resistance band for the Venture runs from 817 to 824…a breakout above that band would set the market up for a strong upside move…

4. Granada Gold Mine (GGM, TSX-V) announced in a post-market news release yesterday that it’s making quick progress with DRA Americas Inc., a subsidiary of DRA Global, a leading international and vertically integrated engineering firm, toward a plan to put the Granada Gold mine in northwest Quebec into production on a ramped up scale that would incorporate a planned 12,000 tonne-per-day pre-concentration ore sorting facility…meanwhile, GGM says it’ll soon be releasing an updated resource estimate for the Granada LONG Bars Zone (early in Q2)…this would replace the maiden NI-43–101 resource from late 2012 (1.6 million ounces M&I, 1 million ounces Inferred) and supersede the 2014 Pre-Feasibility Study for Granada…since then, additional drilling – including this quarter – has confirmed a new high-grade discovery at depth north of the existing resource while a new near-surface discovery has been made on the western side of the property…geologists have also uncovered data on several hundred historical holes that were not included in the original estimate…GGM is up a penny-and-half at 7 cents in early trading, meaning it has a market cap of only $27 million for a potential multi-million ounce Gold resource with a mining permit on the prolific Cadillac Trend…only about 20% of the LONG Bars Zone 5.5 km strike length has been actively explored and drilled (approx. 100,000 m)…

5. EnGold Mines (EGM, TSX-V) appears to have “hit” on 2 step-out holes, 50 m to the east and 50 m to the west of discovery hole G16–01 at its Lac La Hache Property in the B.C. Cariboo that returned a strongly mineralized section highlighted by 1.76% Cu over 26.6 m…as reported by the company yesterday, 2 drills exploring this Cu-Au-Ag discovery have both intersected broad intervals of intensely mineralized material that is visually similar to hole G16–01…holes G17–03 and G17-04 intersected 24 m and 13 m, respectively, at the same stratigraphic levels as the discovery hole at approximately 335 m downhole…the holes are vertical and intercepts are believed to be true width…the mineralized core will be logged and assayed on a rush basis…both drill holes will continue to their target depth of approximately 450 m…EGM is off slightly at 40 cents through the first 30 minutes of trading…

6. Kirkland Lake Gold (KL, TSX) is up 38 cents at $9.83 as of 7:00 am Pacific after reporting very positive 2016 financial results this morning highlighted by consolidated record revenue of $407 million (U.S.) and net earnings for the full year of $42.1 million (U.S.) or 35 cents U.S. per basic share (46 cents CDN per basic share)…increasing grade profile and improved recoveries continue to drive record production at the flagship Macassa and Fosterville Mines…KL, with a cash balance of $235 million (U.S.), has also announced it’s introducing a quarterly dividend of 1 cent CDN per common share…

7. “Meet Tweed Main Street: A New Standard In Cannabis Variety”…Canopy Growth (WEED, TSX) announced this morning that Canadian medical cannabis users are about to have a better way to shop for their medicine…starting in early April, Tweed’s ‘s new on-line store, Tweed Main Street, will be the go-to place for the over 50,000 Canadians who are registered with Canopy Growth’s Tweed Inc., Bedrocan Canada Inc. and Mettrum Health Corp., 3 of Canada’s most established cannabis brands…

The 3 most popular recent BMR articles…

BMR Morning Market Musings:  Gold Is Showing That It May Soon Take Many Traders By Surprise

Update:  Who’s Who In The Northern Ontario Cobalt Camp

“Optionality” – A Strategy That Works:  Get Gold Exposure For Only $8 Per Ounce!

Check back later today for a separate BMR posting. BMR Morning Market Musings resumes tomorrow.

1. Gold has traded between $1,250 and $1,259 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,257 while Silver has added 9 cents to $18.18…what Gold needs to do to create more instant believers is break out convincingly above its 200-day moving average (SMA) at about $1,260…the yellow metal reacted at its 200-day last month and is trying once again to overcome that resistance…an analysis of all of Gold’s technical indicators suggests the metal will continue to trend higher during this 1st half of 2017 – it’s not a question of “if” but only “when” Gold conquers its 200-day…

2. Investors will be evaluating comments from key Fed officials today…on the data front, U.S. consumer confidence surged to 125.6 in March – the best level in 17 years and much higher than the consensus estimate of 114…meanwhile, the S&P/Case Shiller 20-city home price index showed U.S. home prices rose 5.9% to a 31-month high in January…

3. What a refreshing change – rather than trying to regulate and control the climate at the expense of jobs, as Canada and other countries are doing, President Trump will be signing an executive order today with the goal of boosting U.S. fossil fuel production and achieving energy independence…Trump’s order is rolling back a number of Obama-era climate policies, according to a senior administration official, and this comes just days after his approval of the Keystone Pipeline Project that was rejected by the previous administration…

4. The Dow will try to snap an 8-session losing skid today…the index has also declined in 10 out of the last 11 sessions with RSI(2) at extreme levels and the rising 50-day SMA providing support…bodes well for a rebound into month-end…the Dow is off 4 points through the first 30 minutes of trading…the TSX has climbed 52 points while the Venture is 3 points higher at 808…a key Fib. resistance band for the Venture runs from 817 to 824…a breakout above that band would set the market up for a strong upside move…

5. Chile is in the spotlight in the mining sector today as Exeter Resource (XRC, TSX) has shot up 90 cents or nearly 60% to $2.44 on a friendly all-share buyout offer from Goldcorp (G, TSX)…Exeter’s Caspiche Project is located in the Maricunga Belt of Chile, between Barrick (ABX, TSX) and Kinross’s (K, TSX) Cerro Casale Gold-Copper deposit 10 km to the south and Kinross’s Maricunga mine 15 km to the north…meanwhile, even more significantly, Goldcorp and Barrick have entered into an agreement to leverage potential synergies within the prolific Maricunga Gold belt through a 50–50 joint venture…part of that deal involves Goldcorp purchasing Kinross’s 25% interest in Cerro Casale…the move is aimed at reducing development costs and risks while ultimately enhancing the Goldcorp and Barrick production profiles…another junior to watch in the Maricunga Belt is Atacama Pacific Gold (ATM, TSX-V), an opportunity we highlighted in a video presentation yesterday…it’s up 2 pennies at 47 cents in early trading…

6. Cannabix Technologies (BLO, CSE) is showing continued strength this morning following yesterday’s news of highly encouraging results from preliminary human subject testing with its Cannabix Marijuana Breathalyzer…ironically, the news came as the federal government rolled out a much anticipated schedule for legalizing recreational use of marijuana just in time for Canada’s 150th birthday July 1, 2018 (liberals insist that’s progress)…live testing of the Cannabix breathalyzer is ongoing and more updates from BLO can be expected in the coming weeks…the ability to detect THC and its metabolites in human breath marks a significant scientific breakthrough that allows for real-time pharmacokinetic analysis…Dr. Bruce Goldberger, senior advisor to Cannabix, stated, “The Cannabix Marijuana Breathalyzer utilizing FAIMS will allow the company to zero in on impairment with ‘recency of use’ like no other currently known device out there.” BLO is up 2 pennies at 76 cents as of 7:00 am Pacific… 

7. A mining company needs some help – can BMR readers come up with something better in terms of a new name for Silver Standard Resources‘ (SSO, TSX) than what the company proposed yesterday?…we had some interesting responses to our comments in this space that management could have been much more creative after announcing that it will seek shareholder approval May 4, 2017, to rename the company “SSR Mining” (symbol SSRM)…surely, they could have come up with a better choice than something that sounds so similar to the S.S. Minnow from Gilligan’s Island…Paul Benson, President and CEO, said: “With Gold representing approximately 70% of our revenue, the current name does not accurately reflect our business. We have evolved from a Silver-focused producer to an intermediate precious metals producer with 3 mines in the Americas. The proposed name, which includes the initials of our existing name, is a natural evolution in our more than 70-year history. While we are recommending a change to our name, our relentless focus on creating shareholder value remains.” (that’s goes without saying, we would hope!)…a miner with such a storied history as Silver Standard has missed a great marketing opportunity around a name change…

The 3 most popular recent BMR articles…

BMR Morning Market Musings:  Gold Is Showing That It May Soon Take Many Traders By Surprise

Update:  Who’s Who In The Northern Ontario Cobalt Camp

The Drone Revolution:  Deveron UAS Carves A Niche In The Booming AgTech Sector