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Check back later today for additional posts and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,300 and $1,287 so far today after the Fed came across as more hawkish than expected yesterday, though its bark could easily prove to be worse than its bite…as of 7:00 am Pacific, bullion is down $8 an ounce at $1,292 with nearest support at $1,280…Silver has dipped 21 cents to $16.92 but has solid support ranging from $16.50…Copper and Nickel are under mild pressure at $2.91 and $5.01, respectively…Crude Oil has retreated 48 cents to $50.21 while the U.S. Dollar Index is off one-fifth of a point to 92.37 after hitting a 2-month high against the Japanese yen…however, the short to medium-term outlook for the greenback remains subdued given a weak technical backdrop, so that’s likely to limit any downside in Gold…

2. Gold slipped below $1,300 yesterday after the Fed meeting as the U.S. dollar rallied and yields on 10-year U.S. Treasuries climbed to a 6-week high…as expected, the Fed announced that it would be reducing its balance sheet from October…more importantly, however, Fed members stuck with their rate-hike expectations through 2018, signaling one more increase this year and 3 more next year…Commerzbank this morning is still calling for Gold to finish 2017 at $1,300.  “We look for the market to stabilize between here and (its) recent (August) low at $1,275.69,” Commerzbank said in a weekly note. “While above here we will maintain an upside bias. Only a break below $1,251 would signal further slippage,” it said…

3. S&P Global Ratings has downgraded China’s long-term sovereign credit rating by one notch on to A+ from AA-, citing increasing risks from the country’s rapid build-up of credit.  “The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China’s economic and financial risks,” S&P said in a statement, adding that the ratings outlook was stable…S&P’s downgrade follows a similar demotion by Moody’s Investors Service in May and comes as the government grapples with the challenges of containing financial risks stemming from years of credit-fueled stimulus spurred by the need to meet official growth targets…it also comes less than a month ahead of a highly sensitive twice-a-decade Communist Party Congress which will see a key leadership reshuffle…

4. The Dow is off 28 points as of 7:00 am Pacific as investors digests yesterday’s Fed news…the TSX has gained 45 points while the Venture is down 2 points at 775…it briefly climbed above resistance at 780 yesterday before the Fed statement drove commodities lower…HIVE Blockchain Technologies (HIVE, TSX-V) is a volume leader again while Garibaldi Resources (GGI, TSX-V) has rebounded off an early low of $1.41 as the stock stages a healthy test of new support around previous Fib. resistance at $1.50…despite a weakening in Gold prices, Orca Resources (ORG, TSX-V) has broken out technically this week above 50 cents, aided by news Monday that the company will be releasing an updated resource for its Block 14 Project in Sudan in December…ORG is unchanged at 57 cents as of 7:00 am Pacific…

5. Cryptocurrency miner Hive Blockchain Technologies (HIVE, TSX-V), enjoying a powerful first week of trading, has announced a $30 million bought deal private placement at $1.50 through a syndicate of underwriters led by GMP Securities…meanwhile, HIVE also announced that it has entered into a binding LOI with its 30% shareholder Genesis Mining – the world’s largestr cryptocurrency miner – under which HIVE and Genesis intend to move forward with the purchase, sale and maintenance of an additional cryptocurrency mining data center…HIVE’s cryptocurrency mining capacity or hashpower is expected to grow by over 70% with the second data center in Reykjanes, Iceland…HIVE is up 26 cents at $2.10 through the first 30 minutes of trading after touching a low of $1.79…

6. Pretium Resources‘ (PVG, TSX) ramp-up continues to advance at the Brucejack Gold mine in the Eskay Camp, one of the highest-grade Gold mines in the world, and steady production is targeted for the remainder of 2017 as reported by PVG this morning…with the grade ramping up and the mill now exclusively processing stope ore, production of dore and flotation concentrate has increased…as a result of higher production and proceeds from the sale of dore and flotation concentrate, the company is expected to achieve positive working capital by the end of this quarter…all of the main operating units in the mill building are performing as expected, and the plant is consistently operating at nameplate capacity of 2,700 tonnes per day or better…Gold recoveries are currently exceeding 95%…Gold production for the 3rd quarter is expected to be announced in October…

7. OPEC ministers, Russia and other producers meet in Vienna tomorrow and are due to consider extending output cuts that began in January…the Saudis are trying to bring exempt members Libya and Nigeria into the fold of the production cut deal, which would be bullish for prices, while Kuwaiti Oil Minister Essam al-Marzouq said today that compliance with OPEC-led oil output cuts was “very good” and “above 100%”…the Saudis, however, have a concern with increased Oil exports by OPEC members and this is an issue that’s expected to be addressed at the Vienna meeting…OPEC’s key gathering comes at the end of November and that would be the most likely timing for an extension of its production cut deal to the end of 2018…

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Check back later today for additional posts including Daniel’s Den with coverage of the Precious Metals Summit in Colorado, and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,310 and $1,317 so far today ahead of a Fed statement at 11:00 am Pacific followed 30 minutes later by a Ma Yellen news conference…as of 7:00 am Pacific, bullion is flat at $1,311…traders and investors will be searching for details regarding the Fed’s balance sheet normalization in addition to the timing of interest rate increases…another round of the “dot plot” game coming up…if Ma Yellen sticks to her expected script, $1,300 should continue to act as a floor for the yellow metal…any surprises should limit Gold’s downside to about $1,280 based on chart patterns…Silver is off slightly at $17.23…Copper is flat at $2.95…Nickel has rebounded 9 cents to $5.11…Cobalt prices have slipped back to $27.22…Crude Oil has jumped 61 cents to $50.09 while the U.S. Dollar Index is one-tenth of a point lower at 91.74…

2. Crude prices are holding up in the wake of just-released U.S. government data showing U.S. Crude stockpiles rose more than expected last week as refinery activity remained subdued in the aftermath of Hurricane Harvey…Crude inventories increased 4.6 million barrels in the week to September 15, the EIA reported,  compared with expectations for an increase of 3.5 million barrels…yesterday’s private report from API gave an increase of only 1.4 million barrels…OPEC and non-OPEC participants meet in Vienna on Friday to review compliance with their production cut deal while the Saudis, eager to keep Oil prices on a bullish trend, are also expected to put pressure on certain countries with respect to the less publicized issue of increasing Oil exports…investors and analysts widely expect that any decision on further production cuts won’t come until OPEC’s official annual meeting in November…

3. The Dow is off 5 points as of 7:00 am Pacific…though investors have been largely skeptical of a 3rd rate hike before the end of the year, recent price data may give the Fed the support it needs…consumer prices rose 0.4% in August, making last month’s gain the largest in 7 months and lifting the year-over-year increase in the CPI to 1.9%…however, the Fed has consistently been off the mark in its inflation expectations…according to the CME Group’s FedWatch tool, investors now see a 56% chance of a rate increase in December…the TSX has gained 45 points while the Venture is 3 points higher at 781 as it attempts yet again to successfully clear resistance in the 770’s…

4. Cryptocurrency miner Hive Blockchain Technologies (HIVE, TSX-V) made its Venture trading debut Monday and is up another 19 cents at $1.45 as of 7:00 am Pacific…the stock was the Venture’s most active yesterday and is among the volume leaders again early today, climbing as high as $1.54 during the opening 30 minutes…this follows the completion of a $16.5-million equity financing, as announced on September 7, the closing of the acquisition from Genesis Mining Ltd. of a state-of-the-art GPU-based blockchain data center in Reykjanes, Iceland, and formation of a strategic partnership with Genesis as announced last Friday…the board of directors of HIVE have also appointed Frank Holmes as the company’s non-executive chairman…Holmes is the founder and CEO of U.S. Global Investors, an award winning asset management firm specializing in Gold and emerging markets…

5. Mission Ready Services (MRS, TSX-V) is up slightly in early trading after announcing that, in an entirely unrelated transaction from the recently announced foreign military distribution agreement for the supply of a minimum $400 million (U.S.) in Protect The Force products over 5 years, PTF has received a $400,000 (U.S.) government purchase order to be fulfilled and delivered within 45 days (PTF is a wholly-owned subsidiary of the company)…Jeff Schwartz, President & CEO of Mission Ready stated, “We are very pleased with the exponential momentum that is building for the company and believe that our recent successes are only the tip of the iceberg with respect to the potential for our innovations and manufacturing divisions. Each of these wins, big or small, further validates the quality of our growing portfolio of top-tier, tech-centric products that we have started to vigorously market to governments and industries on home soil and internationally.”

6. Roxgold (ROXG, TSX) has increased its 2017 full-year Gold production guidance to 115,000 to 125,000 ounces compared with the previously announced range of 105,000 to 115,000 ounces…the 2017 full-year guidance for cash operating costs and all-in sustaining costs remain unchanged between $445 (U.S.) to $490 (U.S.) per ounce and $740 (U.S.) to $790 (U.S.) per ounce of Gold, respectively…John Dorward, President and CEO, stated, “Operations have been performing extremely well at Yaramoko’s 55 zone where mining rates and head grades have been higher than anticipated. As a result, we are very pleased to announce an increase in our production guidance range for the year while maintaining our cost guidance. At the end of August we had produced over 81,500 ounces of Gold, or over 70% of the lower end of our revised guidance range of 115,000 to 125,000 ounces for the year.”  As of 7:00 am Pacific, Roxgold is up a penny at $1.26 where it’s meeting resistance at its 200-day moving average…however, that SMA has flattened out after being in decline since the spring…

7. More high-grade results from Osisko Mining’s (OSK, TSX) Windfall Lake Gold Project in northern Quebec including 611 g/t over 2.0 m (OSK-W-17–913), 297 g/t over 2.1 m (OSK-W-17–862) and 120 g/t over 2.0 m (OSK-W-17–871)…the recently expanded 800,000-m drill program combines definition, expansion and exploration drilling in and around the main Windfall deposit and in the adjacent Lynx deposit immediately NE of Windfall…in total, the company this morning released 42 significant intercepts in 28 drill holes and wedges focused on infill and expansion drilling in the Underdog, Caribou, Zone 27 and Mallard corridors of the Windfall deposit…

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