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1. This is a special early edition of 7 @ 7:00 due to travel…Gold is up slightly as of 5:00 am Pacific, trading in a narrow range overnight between $1,232 and $1,236…bullion has demonstrated its very strong technical support in the low $1,200’s in recent sessions and respected TD Securities‘ commodity analysts Bart Malek and Ryan McKay see no reasons, not even a Fed rate hike, for Gold to fall below the $1,200 floor.  “The FOMC will continue to be very gentle in how it removes monetary accommodation,” they wrote in a report.   “A more robust hawkish attitude would only occur if they thought the economy will grow fast enough to place them behind the curve. Still, the risk that they do fall behind the inflation curve, as seen through the eyes of the Gold market, and equity market correction risk suggest investors don’t abandon Gold.”

2. Global Oil markets are on course to reach a supply-demand balance in 2017, the International Energy Agency (EIA) stated today in its closely-watched monthly report issued just 9 days before OPEC’s much anticipated ministerial meeting.  “In the first quarter of 2017, we might not have seen a resounding return to deficits but this report confirms our recent message that re-balancing is essentially here and, in the short term at least, is accelerating,” the IEA said…meanwhile, OPEC appears poised to extend Oil production cuts at its upcoming meeting, perhaps through the 1st quarter of 2018, with most investors expecting the 13-member cartel to continue with its attempts to eliminate a global supply overhang which has depressed prices to less than half their 2014 high…the EIA’s overall outlook for non-OPEC countries, 11 of which are voluntarily cutting production to support OPEC, shows growth of nearly 600,000 barrels a day in 2017, up from last month’s forecast of 490,000 barrels a day…

3.  Commodity prices historically perform the best when the Federal Reserve is raising interest rates, a study from Goldman Sachs shows…annual returns for the S&P GSCI Commodity Index average 19% when the Fed is raising rates in response to a strengthening economy…the Fed has forecast 2 more rate increases this year with the next one likely June 14…that hike could prove to be the trigger for a major summer advance in commodities and the Venture…

4. The Venture posted its 4th straight advance yesterday with its best session in 2 months, an 11-point climb on strong volume as the Index finished at a monthly closing high of 805…markets will take the path of least resistance and the Venture’s superb support in the high 700’s appears more powerful than resistance around 850 as the bull market prepares for its next phase…in New York, the S&P 500 and NASDAQ closed at record highs yesterday on strength in Oil and tech stocks…

5.  Quebec Gold stocks grabbed investors’ attention yesterday as Eldorado Gold (ELD, TSX) announced it’s acquiring Integra Gold (ICG, TSX-V) in a deal valued at approximately $600 million…Integra’s principal asset is the Lamaque Project near Val-d’Or which hosts an NI-43–101 Indicated resource of 5.1 million tonnes at a grade of 9.13 g/t Au and an Inferred resource of 3.5 million tonnes at a grade of 7.94 g/t Au, at a cut-off of 5 g/t…just down the Golden Highway from Lamaque is Granada Gold’s (GGM, TSX-V) Granada deposit, and this morning GGM released an updated NI-43–101 resource estimate and Global Classified Block Model for Granada with the big surprise being a 10 million tonne maiden Inferred resource grading 4.6 g/t Au (1.5 million ounces) immediately north of the previously known near-surface deposit which is already permitted for production based on the Company’s 2014 Pre-Feasibility Study…GGM stated, “The ‘heat engine’ for Granada mineralization is believed to exist in the northwest part of the property, a high priority untested area now referred to as the ‘Genesis Target’ that includes a large granite intrusion and intense shearing immediately south of the Cadillac fault.  An initial Inferred underground resource of 10,386,500 tonnes grading 4.56 g/t Au at a cut-off grade of 1.5 g/t Au (1.5 million oz. Au) has been outlined along 600 m of strike east of Genesis based on drilling by Granada Gold in late 2016 and early this year.  This is a major development in the evolution of the Granada Property and even higher grades are being targeted in the discovery area and to the west-northwest at Genesis which has never been previously drilled. Significantly, only a fraction of the total area (1.8 km north-south x 2.1 km east-west) north of the LONG Bars Zone Measured and Indicated near-surface resource has been drill-tested, further solidifying Granada as one of the premier exploration and development opportunities along the prolific Cadillac Trend.”  Meanwhile, GGM’s updated Block Model reveals 4.98 million ounces at Granada (1.53 million M&I, 3.45 million Inferred) in areas drilled to date, nearly double the amount estimated in the initial 2012 Block Model…GGM closed yesterday at 7.5 cents for a market cap of just $29 million…

6.  In British Columbia, New Gold (NGD, TSX) has decided to pay Parlane Resource (PPP, TSX-V) $2.5 million for its Big Bear Property immediately northwest of New Gold’s Blackwater deposit…while that’s less value than what Parlane was hoping for from Big Bear, it’s nonetheless $2.5 million cash to give the company close to $3 million in the bank…Parlane has only 15 million shares outstanding, so that’s 20 cents per share in cash and the stock closed yesterday at 14.5 cents…the Big Bear sale is subject to a Parlane shareholder vote next month…deal is expected to close by the end of June…

7. Marathon Gold (MOZ, TSX) released updated financials last night, showing the company had $5 million cash on hand at the end of March…it’s also in the process of completing a $16 million bought deal this month through a syndicate of underwriters led by RBC Capital Markets…the proceeds from the financing will fund an aggressive program of infill and extension drilling at the Marathon and Leprechaun deposits; exploration drilling focused on showings between the Victory Northeast area and the Leprechaun deposit and extensions of the Spite deposit with favorable geophysical characteristics; a summer field exploration program including mapping, geochemical soil sampling and prospecting focused on the northeastern part of the Valentine Lake Property where there are indications of Gold mineralization but limited historical exploration activity; advanced environmental studies which will be used in economic studies on the project and for permitting; and a preliminary economic assessment following a resource update to incorporate the results of Marathon’s aggressive 2017 drilling program…MOZ closed at $1.15 yesterday and is viewed as one of our top Gold stocks for 2017…

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