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Check back later today for an additional post and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,322 and $1,330 so far today…as of 7:00 am Pacific, bullion is off $1 an ounce at $1,326 as it consolidates within an upsloping channel defining a trading range between about $1,320 and $1,360 with a strong floor of support at $1,300…Silver has added 5 cents to $17.81…Copper has retreated slightly to $3.01 while Nickel is relatively unchanged at $5.28…Crude Oil is up slightly, just above $48 a barrel, while the U.S. Dollar Index is steady at 91.96…holdings of the world’s largest Gold-backed exchange-traded fund, SPDR Gold Shares, rose 1.2 tonnes yesterday on a down day for Gold after 3 days days of outflows…

2. Some analysts are speculating that the havoc wreaked by major summer storms stands to deepen a global Crude supply glut that has prevented prices from exceeding $50 for more than a trading day since May…by damaging large swaths of the southern U.S. ranging from Texas to South Carolina, with a recovery period expected to take many weeks at least, Hurricanes Harvey and Irma may dent energy demand from consumers and refiners even as drilling continues and Crude is storage is abundant…the effect, analysts say, will be to push millions more barrels of Crude Oil into Oil caverns and floating tankers at a time when storage is already in heavy use…that would undermine efforts by producers such as OPEC to “rebalance” the market by cutting output…

3. Certain Eskay Heart of Gold Camp stocks continue their torrid pace, led by Garibaldi Resources (GGI, TSX-V) which surged to a new multi-year high of $1.58 in early trading…neighbor Metallis Resources (MTS, TSX-V), meanwhile, has identified gabbroic units with disseminated sulphides in 2 areas (newly-named Thunder North and Thunder South) contiguous to the E&L Nickel Mountain Property, as much as 4 km southeast of current GGI drilling…mapping and sampling continue…MTS is still in the midst of a drill program and a top priority, besides Thunder North and Thunder South, is testing the King high-grade Gold target further south…Aben Resources (ABN, TSX-V), awaiting results from 2,400 m of drilling at its Forrest Kerr Project, shot up to a new high of 34.5 cents during the first 30 minutes of trading…results are also pending from Colorado Resources (CXO, TSX-V) which is steady at 40 cents…closeology play Spearmint Resources (SRJ, TSX-V) has firmed on heavy volume after announcing that it has acquired a 100% interest in the EL North 2 prospect bordering GGI…

4. World stocks hit record highs for a 2nd straight day today as investors opted for nominally higher risk assets over havens such as Gold, bonds and the Japanese yen…the Dow has jumped another 74 points after yesterday’s 260-point surge…the TSX is 45 points higher while the Venture, still battling resistance is the 770’s, has edged up slightly to 771….heavy trading continues in Mission Ready Services (MRS, TSX-V) which is trying to overcome resistance at 25 cents…

5. Blue Moon Zinc (MOON, TSX-V) has engaged Sespe Consulting Inc., an environmental engineering firm with a successful track record of permitting mining projects in California…MOON says it and Sespe have had positive discussions with the planning department of the local Country who will be the lead agency for permitting of the Blue Moon Zinc Project…MOON also says it will soon update its NI-43–101 resource estimate to capture current metal pricing as the last NI-43–101 released by the company nearly a decade ago used 75 cents per pound Zinc, $2 per pound Copper, $600 per ounce Gold and $8.50 per ounce Silver…a PEA for Blue Moon is expected to be released during the 1st quarter of next year…MOON is up half a penny at 7 cents as of 7:00 am Pacific…

6. OK2 Minerals (OK, TSX-V), currently drilling its Pyramid Copper-Gold Property north of Dease Lake, has pushed higher in early trading after releasing surface sampling results from its Kinskuch Property 50 km southeast of Stewart…field crews completed a month-long mapping plus silt and rock sampling program which included visiting all 3 targets within the Kinskuch claim package – Big Bulk, Golden Mickey, and the VMS claims…the key takeaway is that Kinskuch has high tonnage potential and may host a much larger Gold-rich calc-alkaline porphyry system than historical work indicated…

7. Precipitate Gold (PRG, TSX-V) has eased off on light volume in early trading after more lackluster results from continuing drilling at Ginger Ridge in the Dominican Republic…bests results from 8 shallow holes was 10.47 m @ 0.83 g/t Au and 0.20% Zn (EA-17-03) and 3.04 m @ 2.1% Zn and 0.20% Cu (EA17–06)…Jeffrey Wilson, President and CEO, stated:  “We are encouraged by results received from the initial drill testing at the East Zone, as we now have identified multiple intercepts of Gold and base metal values and generated encouraging new technical insight to guide the next phases of drilling within this emerging zone. Initial drill data shows that the East Zone mineralization is extensive and hosted in a volcanic setting similar to GoldQuest Mining’s Cachimbo Zone located only 3 km on strike to the northwest. The discovery of Zinc-Copper enriched rocks in holes 3 and 6 substantiates the VMS working model and provides important guidance in our ongoing data examination and planning. It is important to note that most of the East Zone’s geochemical anomaly remains undrilled.”

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