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1. Gold has traded between $1,251 and $1,266 so far today in the wake of yesterday’s widely anticipated Fed rate hike, though comments by Janet Yellen and some stronger than expected economic data this morning have brought bullion off its intra-day high of $1,280 yesterday…main support levels are $1,260 followed by the $1,230’s…the manufacturing sector in the New York region is seeing renewed momentum as sentiment has risen to its highest level in 2 years, according to the latest survey data from the New York Federal Reserve…

2. Jurisdictional risk pops up again:  Newly announced widespread changes to South Africa’s charter for mining companies raise serious concerns about the country’s commitment to protection of property rights, among other significant issues…quite simply, the changes are “investment negative” as social costs of mining in the country are likely to keep rising, according to Citi analysts…South Africa’s Chamber of Mines said it will challenge the new mining charter in court, saying the industry was not adequately consulted and the new rules will hurt investment…

3. The Venture is off 3 points at 776 as of 7:00 am Pacific, dragged down by lower Oil and Gold prices…the Venture’s RSI(2) on the daily chart is at extreme oversold levels as the Index nears strong support at 770 with its rising 300-day moving average (SMA) immediately below that…the TSX has dipped 32 points while the Dow has fallen 61 points in early trading…

4. Jaxon Minerals (JAX, TSX-V) has announced the discovery of 3 new massive sulphide units in field work being carried out at its Hazelton Silver-Gold-Zinc-Lead Property, a VMS target, near Smithers…preliminary reconnaissance is focused on an area approximately 1,000 m x 300 m in and around the known mineralization at the Max zone…the team also conducted geological mapping over 1.5 km to the south-southeast of the historic Max zone…meanwhile, JAX has arranged a non-brokered private placement to raise up to $1 million at 25 cents per unit…each unit will include a half warrant at 35 cents, good for 2 years…JAX is up a penny-and-a-half at 29.5 cents as of 7:00 am Pacific…

5. Critical Elements (CRE, TSX-V) hit a new all-time high of $1.04 intra-day yesterday, and is up 3 cents at $1.00 through the first 30 minutes of trading this morning…the company is advancing its promising Rose Lithium-Tantum Project in northern Quebec…a final feasibility study is due soon according to company’s latest news release yesterday…

6. Taku Gold (TAK, CSE) which has been firming up recently in conjunction with a private placement, announced this morning that it is “contemplating a certain mineral property acquisition in the White Gold area of the Yukon from an arm’s length party, Golden Predator Mining (GPY, TSX-V).  In conjunction with the transaction, the vendor intends to invest in Taku, subject to the successful execution of the acquisition.”  TAK closed at a new 52-week high yesterday of 19 cents, though on light volume given the tight share structure…

7. Trifecta Gold (TG, TSX-V), a spinout of Strategic Metals (SMD, TSX-V), has just commenced trading on the Venture this morning…Strategic has distributed a total of 19,872,254 common shares of Trifecta to Strategic’s shareholders and continues to hold 2,127,747 Trifecta shares for investment purposes…this represents representing 9.19% of the 23,150,001 shares of Trifecta currently issued and outstanding (22 million are free of any resale restrictions). “We are very pleased to begin trading today,” stated Dylan Wallinger, Trifecta’s President and CEO. “Once a trading range for the company’s shares has been established, we expect to arrange additional financing to accelerate exploration at our projects in Yukon’s White Gold District.” 

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