Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,272 and $1,278 so far today…as of 7:00 am Pacific, the metal is down $7 an ounce at $1,273…hedge funds and money managers cut net long positions in COMEX Gold contracts for the 5th straight week ending October 17…Silver has dipped 12 cents to $16.88…Copper and Nickel remain strong…Copper has added 3 pennies to $3.17 while Nickel is 4 cents higher at $5.34…Crude Oil has jumped 28 cents to $52.12 while the U.S. Dollar Index, firmly entrenched in a rally that could take it into the upper 90’s, has climbed to 93.90…the greenback had already posted its biggest 1-day gain in a month on Friday after the U.S. Senate approved a budget blueprint for the 2018 financial year, allowing Republicans to pursue a tax-cut package without Democratic support…President Trump is considering nominating Fed Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs…Powell is considered less hawkish than Taylor, who is seen advocating higher interest rates…

2. Gold won’t ignore a widening U.S. federal budget deficit forever…the deficit in fiscal year 2017 was the 6th highest on record as government spending growth outpaced growth in tax collections for the 2nd year in a row…the budget shortfall rose to $666 billion in the fiscal year that ended September 30, up $80 billion, or 14%, from fiscal year 2016 despite federal tax receipts reaching a record high at $3.3 trillion…Washington obviously has an addiction to spending…government outlays hit a record high last year at nearly $4 trillion, up 3% from the previous year thanks to increased spending on Social Security, Medicare and Medicaid, as well as higher interest payments on the massive public debt…

3. A decision by Japanese Prime Minister Shinzo Abe to call a snap election appears to have paid off…Abe’s ruling coalition has won a “super” majority with more than two-thirds of Parliament’s 465 seats…the win puts him on course to be post-war Japan’s longest-ever serving Prime Minister…Abe is expected to use his new mandate to push for overhauls to the country’s defense strategy and pacifist stance…meanwhile, candidates allied with pro-business Argentine President Mauricio Macri enjoyed sweeping victories in yesterday’s mid-term elections, strengthening his position in Congress while dimming prospects for a political comeback by predecessor Cristina Fernandez who nearly bankrupted the country during her rule between 2007 and 2015…

4. The Dow is up 29 points at 23,358 after the first 30 minutes of trading as Wall Street gears up for the busiest week of the earnings season…about a third of the S&P 500 will have reported when the week is over…the 3 major U.S. indexes posted record closing highs every day last week, marking just the 18th time in history that has happened…the TSX has added 32 points in early trading while the Venture is flat at 790…Garibaldi Resources (GGI, TSX-V) is threatening to challenge its October 13 high after Friday’s first tranche closing ($8 million) of a $10 million financing at $3.15 per unit as the company continues drilling at the Nickel Mountain discovery near Eskay Creek…Hive Blockchain Technologies (HIVE, TSX-V) was halted 1 minute into trading, pending news (see below)…LeoNovus (LTV, TSX-V) is pushing higher on robust volume after announcing this morning that it has signed a proof-of-concept agreement with one of Canada’s big 6 banks…LeoNovus says it will install its unique blockchain-hardened software (‘LeoNovus 3.0‘) to assist the bank in developing a multi-site data storage management fabric with complete data security, performance and compliance metrics that meet or exceed the bank’s data governance policies…A.I.S. Resources (AIS.H, TSX-V) is emerging out of “.H” hibernation, raising $4 million for an attractive Lithium deal in Argentina…share structure is superb and the company has recruited some of the top experts in the Lithium space with proven track records…a drilling and geohydrological program is expected to begin soon at the Guayatayoc Property where the company is targeting production wells…

5. Hive Blockchain Technologies (HIVE, TSX-V) has entered into a legally binding letter agreement with its largest shareholder, Genesis Mining Ltd., under which the company will finance the construction of a cryptocurrency mining data centre in Sweden…the Sweden Data Centre will be a newly constructed GPU mining facility with an anticipated completion date of December 2017…the company’s cryptocurrency mining capacity or hashpower is expected to increase by approximately 175% with this addition…the Sweden Data Centre will be constructed by Genesis for consideration of an estimated $22 million (U.S.)…as part of an agreement between the company and Genesis, the latter will be responsible for hosting, maintenance and related services for the Data Centre for a monthly fee…trading in HIVE resumes at 8:00 am Pacific…

6. PyroGenesis Canada (PYR, TSX-V) reported this morning that it has successfully completed the ramp-up phase of its first plasma automization process…6 non-disclosure agreements have been signed with distributors and 3D printer manufacturers…3 NDA’s are being negotiated with multinational aircraft engine manufacturers…an exclusive distributorship is under negotiation in Asia…6 sample orders have been received for metal powder, 5 of which have been delivered, and the company says it has developed new and potentially “game changing” intellectual property…PYR is up 6 cents at 57 cents as of 7:00 am Pacific…

7. Six police have been wounded and one killed in shootings that were carried out by a separatist group that aims to disrupt operations at Freeport’s Grasberg Copper and Gold mine in Indonesia’s eastern-most province of Papua…pro-independence rebels in Papua have waged a low-level conflict for decades, raising major concerns over security at Grasberg…between 2009 and 2015, shootings within the mine project area killed 20 people and wounded 59…to protect workers and infrastructure, Freeport contributed $21 million toward government-provided security in 2015…Freeport has also been grappling with labor problems at Grasberg and a lengthy dispute with Indonesia over rights to the giant mine that has cost both sides hundreds of millions of dollars…

The Template For The Next 10% Move In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

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

Two steps forward, one step back – that has been the Venture pattern since the beginning of July, making last week’s minor retreat another opportunity for speculative investors.   Meanwhile, the “market within a market” remains robust as select issues continue to significantly outperform.

Below, BMR gets “cozy” with a receding glacier in the newly-identified gabbro corridor of the Eskay Camp near Nickel Mountain.  Throughout this prolific district, home to one of the world’s highest-grade Gold mines (Brucejack), more ground has become available for exploration and more discoveries will be made.

BMR takes “boots-on-the-ground” to a whole new level as Jon checks out a crevice of a receding glacier in the “Nickel corridor” near Nickel Mountain. Less than 20 km to the east, the Mitchell glacier has retreated 3 km since 1990, allowing Seabridge Gold to outline 27.5 million ounces of Gold reserves and 5.1 billion pounds of Copper reserves at the Mitchell deposit. Recent discoveries at Seabridge’s nearby Iron Cap deposit are also the result of glacial retreat (BMR photo).

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Check back later today for Daniel’s Den and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,276 and $1,290 so far today…as of 7:00 am Pacific, the metal is down $9 an ounce at $1,281…despite bullish factors on the geopolitical front, the increasing possibility of U.S. tax reform as well as the likelihood of a Fed rate hike in December are currently supporting the greenback and preventing Gold from gaining traction above $1,300 an ounce…Silver has slipped 9 cents to $17.14…another big move in Nickel this morning – it’s up 14 cents to $5.44 while Copper is slightly higher at $3.17…Crude Oil has lost 13 cents to $51.16 while the U.S. Dollar Index has climbed more than one-quarter of a point to 93.44…

2. “The Oil market has moved into modest undersupply and we expect this will persist at least through the end of the year,” according to U.S. investment bank Jefferies…OPEC (and partners including Russia) are expected to extend production cuts through the end of 2018 while the demand side of the equation remains favorable…meanwhile, U.S. commercial stocks of Crude Oil have dropped 15% from their March records, to 456.5 million barrels, below levels seen last year…part of this drawdown has been due to rising exports as a result of the steep discount of U.S. Crude to Brent, which makes it attractive for American producers to export their Oil…shipping data shows that overseas U.S. Crude Oil shipments have soared from virtually zero before the government loosened export restrictions in late 2015 to around 2.6 million bpd in October…

3. Gold demand picked up in India this week as consumers were buying more of the precious metal during the Diwali festival, but higher prices kept a cap on purchases…despite more activity, demand was still lower than last year according to a Reuters‘ report that quoted Nitin Khandelwal, chairman of All Indian Gems & Jewellery Trade Federation.  “In some regions, demand was nearly 30% lower than normal, but in others, it was on par compared to last year. Overall for the country, demand was down around 15%,” Khandelwal said…

4. Nickel prices have hit a 6-week high, helped by expectations of expanding market deficits…the global Nickel market swung to a wider deficit of 6,700 tonnes in August from the month before, while Nickel production at Brazil’s Vale fell 4.3% year-on-year in the last quarter…deficit expectations rather than the cost of production are lifting prices, according to Colin Hamilton, head of commodities research at BMO Capital Markets…meanwhile, increasing demand for electric vehicle Nickel-Manganese-Cobalt (NMC) batteries is expected to have a major impact on the Nickel industry…the change won’t happen overnight, but by 2025 experts predict that batteries would account for 13% to 15% of the Nickel market, with demand for the metal growing by an average of 20% each year until then…

5. U.S. markets are higher in early trading despite the fact that General Electric (GE, NYSE) fell short of Wall Street’s expectations by a wide margin with profits weighed down by restructuring costs and weak performance at its power and Oil and gas businesses…the Dow is up 62 points as of 7:00 am Pacific while the TSX has added 43 points…Canada’s annual inflation rate rose to 1.6% last month from 1.4% in August, the highest since April and matching economists’ forecasts…the Venture, trying to snap a 4-session losing skid, has rebounded 5 points to 787 through the first 30 minutes of trading…Skeena Resources (SKE, TSX-V), which has issued enough paper to fill BC Place, has completed a 1-for-10 rollback effective this morning…it now has just 73 million shares outstanding as an underground winter drill program continues at the Snip mine on the western side of the Eskay Camp…

6. Bacanora Minerals‘ (BCN, TSX-V) environmental impact statement for its flagship Sonora project in Mexico has been approved by the environment ministry of Mexico…the approval represents a major milestone for Bacanora and is in line with its strategy to construct an open-pit mine and a large-scale beneficiation processing facility at Sonora…the company’s feasibility study for a 35,000 tonne-per-annum Lithium carbonate operation is expected to be completed by the end of this year…

7. Cornerstone Metals (CCC, TSX-V) is threatening to push to a new high after announcing the completion yesterday of a $1.1 million financing at 14 cents…CCC is an emerging Vanadium play in Nevada with only 19 million shares outstanding, even after the conclusion of this private placement…the company’s Carlin Vanadium deposit was discovered in the 1960’s by Union Carbide which completed surface mapping, trenching and 152 rotary drill holes in 11,133 m of drilling…Paul Cowley, President and CEO, commented, “As Vanadium plays an increasingly important role as a component of batteries used in the renewable energy industry, the Carlin Vanadium deposit with its apparent size, grade and location provides our company with a unique and strategic entry into this promising sector.”

The Template For The Next 10% Move In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

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