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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 $1,267 and $1,274 so far today…as of 6:00 am Pacific, in this early edition of 7 @ 7:00, the metal is up $2 an ounce at $1,271…Silver is 5 cents higher at $16.85…Copper has strengthened 3 pennies to $3.15 while Nickel, which soared 10% last week, has added another 8 cents to $5.80…Cobalt is now at $28.01 as it rapidly closes in on its late September high of $28.35…Crude Oil has hit its best levels since July 2015, climbing 28 cents to $55.92, while the U.S. Dollar Index has gained one-tenth of a point to 95.00…

2. Participants at the LME Week industry gathering in London last week were bullish over the sector’s prospects, especially the coming electric vehicle revolution which should see sales of new Nickel and Copper intensive cars soar in years to come…Goldman Sachs has upgraded its Nickel forecasts, pushing its 3-month Nickel view to $12,500 a tonne from $9,000, but said prices were more likely to find nearby support from China’s pollution crackdown given electric vehicle demand is a story for 2020 onwards.  “We expect Nickel prices to remain high over the next couple of months on a supportive macro-economic backdrop and market tightening driven by Chinese nickel pig iron (NPI) cuts,” it said in a report (NPI is a low-grade composite of Nickel)…

3. “Synchronous global economic growth and new supply disruptions are creating the most constructive Oil price environment since 2014,” according to Barclays…meanwhile, U.S. energy companies cut 8 Oil rigs last week, to 729, in the biggest reduction since May 2016…while supplies are tightening, analysts say demand across the globe is strong with the entire global economy expanding for the first time in nearly a decade…

4. The so-called corruption crackdown in Saudi Arabia over the weekend can be viewed as the beginning of a bigger power struggle by the heir apparent to the throne which destabilizes the region for a time and keeps Oil prices elevated…following the creation of an anti-corruption committee by current King Salman, security forces Saturday swept up 11 princes, including well-known billionaire investor Prince Alwaleed bin Talal, and 4 ministers, including the one in charge of the National Guard, according to various reports…a number of former ministers were also arrested…Crown Prince Mohammad Bin Salman, the 32-year-old known as “MBS” who will take over when King Salman abdicates the throne later this year or early next, is seen by analysts as the man behind those moves in an effort to consolidate power to his family and its allies before he takes the throne…his moves over the weekend were also consistent with his vow to tackle corruption at the highest level as part of the government’s plan to overhaul the kingdom’s economy…

5. Copper production in Democratic Republic of Congo, Africa’s top producer of the metal, was up by 9.3% this year through September, at 831,000 tonnes, according to information released today by the central bank…meanwhile, Cobalt production jumped by 18% to 59,000 tonnes while Gold production increased 5.7% to 23,000 kg…rising production should help ease the country’s economic problems…inflation is expected to hit about 50% this year, largely due to lingering effects from a period of low commodity prices…the economy has also been rattled by political upheaval caused by repeated delays since 2016 to an election to replace President Joseph Kabila…the country’s electoral commission postponed the vote again yesterday to December 2018…major investors in Congo’s mining sector include Glencore, Randgold Resources and China Molybdenum…

6. B.C.-based Copper Mountain Mining (CMMC, TSX), on a steady uptrend since June, recorded Q3 net earnings of $26.6 million (CDN) from the sale of 22.6 million pounds of Copper equivalent, including 19.3 million pounds of Copper, 6,500 ounces of Gold and 72,700 ounces of Silver…total cash cost for the quarter ended September 30, 2017 was $1.62 (U.S.) per pound of Copper sold, net of precious metals credits…Jim O’Rourke, President and CEO of Copper Mountain, commented this morning:  “During the 3rd quarter of 2017, Copper Mountain continued to mine at rates well above our guidance levels. Mill throughput averaged 41,158 tpd, 8.4% above forecast and in line to meet our 2017 guidance. The coarser grind from the higher tonnage continues to result in a slightly lower recovery, but Copper production remains on target.  We remain bullish on the outlook for the Copper market and with our production on target we are well positioned to benefit from a strong Copper price environment. During the first 3 quarters of 2017 the company has paid down a total of $43.8 million in principle and interest on project debt and leases. We continue to focus on cost control and operational improvements to further strengthen the company’s balance sheet.”

7. Futures on Wall Street are pointing to a positive open…Broadcom helped bullish sentiment this morning by making an unsolicited offer to buy Qualcomm in a deal that would be the largest technology acquisition ever…the $70 a share bid, equal to more than $130 billion, comprises $60 in cash and $10 per share in stock, and will also include Broadcom’s willingness to have Qualcomm complete its pending acquisition of NXP Semiconductors for more than $38 billion in cash…the S&P 500 has posted its longest weekly winning streak in 4 years, putting together 8 straight weeks of gains…in Toronto, the TSX begins the new week just slightly above 16,000 while the Venture, which closed at 792 Friday, will try to build on last week’s 5-point gain…Fintech Select (FTEC, TSX-V) provided an update this morning on its POS cryptocurrency solution…operating under the brand name of Selectcoin, the company has been engaged in the technical integration of its POS cryptocurrency solution over the past 2 months…the website that will facilitate the activation of consumer accounts and link cryptocurrency wallets to the Selectcoin closed loop cards has been developed and will be launched a few days prior to the announcement of the company’s first physical locations…Orca Gold (ORG, TSX-V) announced this morning that it has received ministerial approval for the acquisition of the Kinross Gold (K, TSX) Cote D’Ivoire property portfolio…

The Template For The Next 10% Move In Garibaldi Resources

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The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

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The Most Important Venture Development Since The New Bull Market Began

Successful Venture investors this year have remained keenly focused on a simple but key strategy – find out what that is in today’s Venture Week In Review And A Look Ahead…

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 $1,273 and $1,281 so far today…as of 7:00 am Pacific, the metal is up slightly at $1,277 following a strong U.S. jobs report for October but one that nonetheless came in below the consensus estimate…Silver is steady at $17.09…Copper is flat at $3.13 while Nickel, enjoying a terrific week, has added another 4 cents to $5.69…Crude Oil, hitting a fresh 2-year high today, is up 23 cents at $54.77 while the U.S. Dollar Index is unchanged at 94.69…dollar bulls were hoping for signs of wage growth in the October jobs report but that didn’t materialize as the Federal Reserve continues to combat persistently low inflation…

2. The surging Trump economy, bolstered by deregulation and the expectation of the most sweeping tax reform in a generation, added a robust 261,000 jobs in October and the unemployment rate dipped to 4.1% – its lowest in 17 years – as labor conditions returned to normal following a storm-affected September…while the headline number was below Wall Street expectations of 310,000, and wage growth was stagnant, the tick lower in the unemployment rate came against expectations it would hold steady at 4.2%…a broader measure of joblessness that includes discouraged workers and those at work part-time for economic reasons fell sharply, from 8.3% to 7.9% after being at 9.5% just a year ago near the end of the regulation-heavy Obama era…meanwhile, the ISM non-manufacturing survey for October was released this morning and posted its highest reading since its debut in 2008…

3. President Trump, who leaves today on the longest Asian trip by an American President in 25 years, has nominated Fed Governor Jerome Powell to be the next Fed Chair following the end of Ma Yellen’s 4-year term in early February…Powell is viewed as a low-key pragmatist who will bring continuity to Fed policy – markets don’t like uncertainty, so investors will welcome that…his appointment, however, could cause some friction within the Republican Party where many rank-and-file members want to see the Fed roll back a decade of central bank activism sparked by the financial crisis…

4. Oil prices are trading near their highest levels in more than 2 years with buyers attracted by an increase in global demand and expectations of an extension to a pact to cut output that has reduced oversupply…this week’s Energy Information Agency report on Crude inventories and exports showed a large draw in U.S. stocks, further evidence that the market is rebalancing…meanwhile, OPEC countries meet at the end of November to discuss further action after agreeing nearly a year ago with Russia and other producers to hold back 1.8 million barrels per day of Oil supply…while supplies are being withheld, demand is also rising, especially in China, whose roughly 9 million bpd of imports have surpassed those of the United States to top the world’s Crude importer list.  “China’s Oil demand growth appears to be accelerating,” investment bank Jefferies stated…for the first time in nearly a decade, the entire global economy is expanding and that has to be considered bullish for Oil prices in the year ahead…

5. Apple (AAPL, NASDAQ) jumped to a record high in early trading, boosting the overall tech sector and giving the company a valuation of over $900 billion for the first time…Apple reported better-than-expected September quarterly earnings and also gave a December quarterly sales guidance range above Wall Street expectations…the iPhone 8 and iPhone 8 Plus “instantly” became Apple’s top-two selling products at launch, surprising even executives…the company is expressing high hopes for rapid growth in software and services, particularly in the booming middle classes in China and India, and is also encouraged by the tantalizing prospect of U.S. tax reform…

6. The Dow has retreated 21 points on profit-taking through the first 30 minutes of trading…in Toronto, the TSX is off 25 points, dropping back slightly below 16,000, while the Venture is flat at 793…LeoNovus (LTV, TSX-V), which yesterday upsized its bought deal financing to $12 million at 50 cents per unit, has hit a fresh new high after announcing that it has signed another proof-of-concept agreement…the company will install its unique blockchain-hardened software (Leonovus 3.0) and provide consulting services for a global health data services firm...Hive Blockchain Technologies (HIVE, TSX-V), up strongly for the 6th straight session, has touched the $6 level for the first time…Fintech Select (FTEC, TSX-V) broke out above important resistance yesterday on its short-term chart and traded 7.5 million shares, climbing 3 pennies to 24 cents, with another high volume session shaping up today…Wolfden Resources (WLF, TSX-V), taking aim at the historic high-grade VMS Pickett Mountain deposit in Maine, hit a new multi-year high of 37 cents in early trading…

7. Dr. Peter Lightfoot’s interest in the Nickel potential of the Eskay Camp has intensified with Lightfoot becoming a technical adviser to Metallis Resources (MTS, TSX-V) as announced this morning…recognized as one of the world’s leading Nickel sulphide experts, Lightfoot has played a pivotal role in Garibaldi Resources‘ (GGI, TSX-V) discovery at Nickel Mountain…in addition to his ongoing duties with GGI, Lightfoot will be conducting a comprehensive review and interpretation of geochemical, geophysical and geological data collected by Metallis to evaluate the potential for a magmatic nickel-copper sulphide system at Thunder North, contiguous to the southern and eastern borders of Nickel Mountain…based on a similar geological setting as Nickel Mountain, combined with strong magnetic and VTEM anomalies along with significant glacial retreat at Thunder North, Metallis extended its 2017 regional exploration program at higher altitudes and discovered a cluster of mafic to ultra-mafic intrusive rocks favorable for magmatic Nickel-Copper sulphide mineralization…rock chip sampling and a single drill hole (KH17–09) tested a structurally controlled sulphide-rich zone dominated by silica-pyrite altered diorite and mafic volcanics along the margin of an olivine gabbro intrusive body…results are pending…

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