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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 has traded between $1,272 and $1,278 so far today…as of 7:00 am Pacific, the metal is down $7 an ounce at $1,273…hedge funds and money managers cut net long positions in COMEX Gold contracts for the 5th straight week ending October 17…Silver has dipped 12 cents to $16.88…Copper and Nickel remain strong…Copper has added 3 pennies to $3.17 while Nickel is 4 cents higher at $5.34…Crude Oil has jumped 28 cents to $52.12 while the U.S. Dollar Index, firmly entrenched in a rally that could take it into the upper 90’s, has climbed to 93.90…the greenback had already posted its biggest 1-day gain in a month on Friday after the U.S. Senate approved a budget blueprint for the 2018 financial year, allowing Republicans to pursue a tax-cut package without Democratic support…President Trump is considering nominating Fed Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs…Powell is considered less hawkish than Taylor, who is seen advocating higher interest rates…

2. Gold won’t ignore a widening U.S. federal budget deficit forever…the deficit in fiscal year 2017 was the 6th highest on record as government spending growth outpaced growth in tax collections for the 2nd year in a row…the budget shortfall rose to $666 billion in the fiscal year that ended September 30, up $80 billion, or 14%, from fiscal year 2016 despite federal tax receipts reaching a record high at $3.3 trillion…Washington obviously has an addiction to spending…government outlays hit a record high last year at nearly $4 trillion, up 3% from the previous year thanks to increased spending on Social Security, Medicare and Medicaid, as well as higher interest payments on the massive public debt…

3. A decision by Japanese Prime Minister Shinzo Abe to call a snap election appears to have paid off…Abe’s ruling coalition has won a “super” majority with more than two-thirds of Parliament’s 465 seats…the win puts him on course to be post-war Japan’s longest-ever serving Prime Minister…Abe is expected to use his new mandate to push for overhauls to the country’s defense strategy and pacifist stance…meanwhile, candidates allied with pro-business Argentine President Mauricio Macri enjoyed sweeping victories in yesterday’s mid-term elections, strengthening his position in Congress while dimming prospects for a political comeback by predecessor Cristina Fernandez who nearly bankrupted the country during her rule between 2007 and 2015…

4. The Dow is up 29 points at 23,358 after the first 30 minutes of trading as Wall Street gears up for the busiest week of the earnings season…about a third of the S&P 500 will have reported when the week is over…the 3 major U.S. indexes posted record closing highs every day last week, marking just the 18th time in history that has happened…the TSX has added 32 points in early trading while the Venture is flat at 790…Garibaldi Resources (GGI, TSX-V) is threatening to challenge its October 13 high after Friday’s first tranche closing ($8 million) of a $10 million financing at $3.15 per unit as the company continues drilling at the Nickel Mountain discovery near Eskay Creek…Hive Blockchain Technologies (HIVE, TSX-V) was halted 1 minute into trading, pending news (see below)…LeoNovus (LTV, TSX-V) is pushing higher on robust volume after announcing this morning that it has signed a proof-of-concept agreement with one of Canada’s big 6 banks…LeoNovus says it will install its unique blockchain-hardened software (‘LeoNovus 3.0‘) to assist the bank in developing a multi-site data storage management fabric with complete data security, performance and compliance metrics that meet or exceed the bank’s data governance policies…A.I.S. Resources (AIS.H, TSX-V) is emerging out of “.H” hibernation, raising $4 million for an attractive Lithium deal in Argentina…share structure is superb and the company has recruited some of the top experts in the Lithium space with proven track records…a drilling and geohydrological program is expected to begin soon at the Guayatayoc Property where the company is targeting production wells…

5. Hive Blockchain Technologies (HIVE, TSX-V) has entered into a legally binding letter agreement with its largest shareholder, Genesis Mining Ltd., under which the company will finance the construction of a cryptocurrency mining data centre in Sweden…the Sweden Data Centre will be a newly constructed GPU mining facility with an anticipated completion date of December 2017…the company’s cryptocurrency mining capacity or hashpower is expected to increase by approximately 175% with this addition…the Sweden Data Centre will be constructed by Genesis for consideration of an estimated $22 million (U.S.)…as part of an agreement between the company and Genesis, the latter will be responsible for hosting, maintenance and related services for the Data Centre for a monthly fee…trading in HIVE resumes at 8:00 am Pacific…

6. PyroGenesis Canada (PYR, TSX-V) reported this morning that it has successfully completed the ramp-up phase of its first plasma automization process…6 non-disclosure agreements have been signed with distributors and 3D printer manufacturers…3 NDA’s are being negotiated with multinational aircraft engine manufacturers…an exclusive distributorship is under negotiation in Asia…6 sample orders have been received for metal powder, 5 of which have been delivered, and the company says it has developed new and potentially “game changing” intellectual property…PYR is up 6 cents at 57 cents as of 7:00 am Pacific…

7. Six police have been wounded and one killed in shootings that were carried out by a separatist group that aims to disrupt operations at Freeport’s Grasberg Copper and Gold mine in Indonesia’s eastern-most province of Papua…pro-independence rebels in Papua have waged a low-level conflict for decades, raising major concerns over security at Grasberg…between 2009 and 2015, shootings within the mine project area killed 20 people and wounded 59…to protect workers and infrastructure, Freeport contributed $21 million toward government-provided security in 2015…Freeport has also been grappling with labor problems at Grasberg and a lengthy dispute with Indonesia over rights to the giant mine that has cost both sides hundreds of millions of dollars…

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