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Check back later this morning for today’s Morning Market Musings.

1. U.S. equity markets have reopened this morning but only for a half day of trading due to the Thanksgiving holiday…U.S. markets close early at 10:00 am Pacific (1:00 pm Eastern)…as of 7:00 am Pacific, the Dow is up 54 points at a new record high of 19137…in Toronto, the TSX is 11 points higher while the Venture has added 1 point to 733…

2. Crude Oil prices are off modestly this morning in thin trading conditions due to American Thanksgiving, but will nonetheless post a significant increase this week ahead of next Wednesday’s critical OPEC meeting in Vienna…for a variety of reasons the Saudis are determined to make a deal happen, even it means accepting a disproportionate share of the production cut…they’ll probably also get some help from non-OPEC member Russia…interestingly, Russia has stolen its place as top supplier to China, the world’s biggest Crude importer and growth market despite a monthly drop in imports in October – yet another indication that the Saudis’ policy enacted 2 years ago to let prices slide in order to defend market share has not had the desired effect…they also weren’t able to do as much damage as they hoped to North American producers…last call for the HOU (double bull Crude ETF) which is well-positioned, technically and fundamentally, for strong gains next week on an OPEC deal…the HOU is off 18 cents at $7.35 through the first 30 minutes of trading…

3. Gold dipped into the $1,170’s overnight before rebounding modestly…the Gold premium on the Shanghai Gold Exchange soared as high as $30 yesterday before easing back to a still historically high level of around $15 today, according to precious metals trader MKS (Switzerland) SA…”The high premium seems to be more a factor of a supply shortage in mainland China as opposed to outright demand. As a result, despite the high premiums this week, the turnover has not been anything enormous.”

4. Gold in Canadian dollars is currently hugging an uptrend line around $1,600 CDN going back to late 2014…updated chart in today’s Morning Musings…

5. Despite the current weakness in Gold, there’s still a healthy appetite for financings…Harte Gold (HRT, TSX) announced a $25 million bought deal yesterday at a premium to the market – $15 million in flow-through at 39 cents and $10 million in hard dollars at 30 cents with Appian Natural Resources Fund…the financings, being used to advance Harte’s Sugar Zone property east of Hemlo, will increase the company’s total share count past 400 million…for an example of a much more dilutive financing, Alexandria Minerals (AZX, TSX-V) wins this week’s price for shareholder abuse with the announcement that it’ll be issuing nearly 100 million shares at 6 cents (flow-through) and 5.5 cents (non-flow-through), respectively, with a full warrant attached to each, which will lift the company’s share count close to half a billion…who’s next?…

6. Zinc prices have hit yet another multi-year high of $1.26 while Lead is now above $1 a pound for the first time since the summer of 2014…one beneficiary of this metal strength is Canada Zinc Metals (CZX, TSX-V) which is advancing one of the world’s premier undeveloped Zinc-Lead deposits with Silver in northeast British Columbia…we’ll tell you about another not-so-obvious Venture company that stands to benefit big-time from the strength in Zinc prices, due to a currently producing mine, in today’s Morning Musings…

7. Does Doubleview Capital (DBV, TSX-V) have a new discovery on its hands at the Hat Gold-Copper Porphyry Project in northwest B.C.’s Sheslay district where a drill program continues?…more in Monday’s Morning Musings…