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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 backed off slightly this morning as the prospect of a fractured parliament in Germany following Chancellor Angela Merkel’s less than resounding election victory negatively impacted the euro…the yellow metal has traded between $1,290 and $1,297 so far today…as of 7:00 am Pacific, it’s down $4 an ounce at $1,293…a st…Silver has retreated 12 cents to $16.86…Copper is steady at $2.91…Nickel is up 4 cents at $4.75…Crude Oil has pushed above $51 a barrel for the first time in 4 months while the U.S. Dollar Index has added one-fifth of a point to 92.48…

2. Gold has now slipped nearly 5% from the more than 1-year high it hit on September 8, but the pullback has been healthy from a technical standpoint and bullion’s downside is limited from current levels…net bets by hedge funds and other speculative investors on a higher Gold price fell for the first time since mid-July during the week ended September 19, according to the latest Commodity Futures Trading Commission data released Friday…meanwhile, physical Gold demand remained soft in the major Asian markets last week despite lower prices, as consumers awaited further dips, while a government move to bring transparency to bullion trading kept buyers on the sidelines in India…

3. OPEC and other Oil exporters declined on Friday to extend their agreement to limit production in a bid to drain a global glut that has weighed on prices for 3 years, but it’s likely only a matter of time before the cartel agrees to an extension through all of 2018…significantly, OPEC has now achieved its goal of flipping Brent Crude’s market structure into so-called backwardation…that’s when prices for future delivery are cheaper than the cost of Oil for immediate shipment…backwardation signals the market is tightening and discourages Oil traders from stockpiling barrels…

4. The Dow is off 11 points as of 7:00 am Pacific as declines in technology stocks offset gains on the energy side..the TSX has retreated 35 points while the Venture has added 2 points to 780…Mission Ready Services (MRS, TSX-V), the Venture’s most active trader the last 3 weeks, has topped up its treasury by closing a non-brokered private placement at 25 cents for gross proceeds of $1.65 million…the proceeds from the offering will be used for growth opportunities, sales and marketing initiatives, product development, and general working capital…

5. Atlantic Gold (AGP, TSX) is on track to put Canada’s next open-pit Gold mine into production…the company announced this morning that first ore has been put through the mill at its Moose River consolidated mine in Nova Scotia…the overall commissioning process to date has revealed no significant issues and Atlantic will achieve first Gold production by the end of September…Phase 1 life of the mine will produce 87,000 ounces of Gold per year over a minimum 8.5-year mine life at all-in sustaining costs of $690 per ounce…additional satellite deposits containing 850,000 ounces Measured and Indicated within pit shells and 309,000 ounces Inferred are currently under feasibility study and have potential to add significantly to life-of-mine production…

6. Probe Metals (PRB, TSX-V), making excellent progress with its Val d’Or East Project, has entered into a 75/25 joint venture agreement with SOQUEM Inc. on its 300 sq. km Detour Quebec Project…under the terms of the agreement, Probe will own 75% interest and SOQUEM 25%…Probe will remain the operator and each party will be responsible for funding its proportionate share of expenditures on the project…Dr. David Palmer, President and CEO of Probe, stated: “We are very pleased to be working with SOQUEM on the Detour Quebec Project. Their knowledge and experience will be welcome contributions to the project going forward. The joint venture will also allow us to accelerate our exploration plans along one of Quebec’s most exciting new Gold districts. Our large land position along-trend of Detour Gold Corp’s new high-grade discoveries, coupled with encouraging explorations received to-date through the work funded by SOQUEM, indicates very strong potential for this property to host significant Gold deposits. With SOQUEM, we are now planning an extensive fall/winter program of geophysics and drilling designed to rapidly advance our understanding of the belt and its potential.”

7. Diamonds in Manitoba – Altius Minerals (ALS, TSX) reported this morning that it has confirmed the presence of micro-diamonds and macro-diamonds on its 610 sq. km Lynx Diamond Project, located near the community of Oxford House in the province of Manitoba…Altius optioned the project from a consortium of prospectors and geologists who worked in conjunction with the Manitoba Geological Survey in 2016 to study the potential of the Knee Lake area to host diamonds…this is part of the province which has been recognized historically for its abundance of kimberlite indicator minerals in till but for which no known source of KIMS or diamonds had been identified…this morning, Altius reported that 16 of the 23 outcrop and channel samples its crews collected over the summer were diamondiferous, results that follow up on a single 15.8 kilogram sample collected and analyzed earlier this year that contained 144 micro-diamonds…the company plans to undertake additional investigative work in the coming weeks to further assess the potential of this new surface discovery, including field mapping, additional MiDA sampling, indicator mineral abundance and composition studies, petrography and potential mini bulk sampling for the purposes of recovering possible macro-diamonds…

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