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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 $1,273 and $1,281 so far today…as of 7:00 am Pacific, the metal is up slightly at $1,277 following a strong U.S. jobs report for October but one that nonetheless came in below the consensus estimate…Silver is steady at $17.09…Copper is flat at $3.13 while Nickel, enjoying a terrific week, has added another 4 cents to $5.69…Crude Oil, hitting a fresh 2-year high today, is up 23 cents at $54.77 while the U.S. Dollar Index is unchanged at 94.69…dollar bulls were hoping for signs of wage growth in the October jobs report but that didn’t materialize as the Federal Reserve continues to combat persistently low inflation…

2. The surging Trump economy, bolstered by deregulation and the expectation of the most sweeping tax reform in a generation, added a robust 261,000 jobs in October and the unemployment rate dipped to 4.1% – its lowest in 17 years – as labor conditions returned to normal following a storm-affected September…while the headline number was below Wall Street expectations of 310,000, and wage growth was stagnant, the tick lower in the unemployment rate came against expectations it would hold steady at 4.2%…a broader measure of joblessness that includes discouraged workers and those at work part-time for economic reasons fell sharply, from 8.3% to 7.9% after being at 9.5% just a year ago near the end of the regulation-heavy Obama era…meanwhile, the ISM non-manufacturing survey for October was released this morning and posted its highest reading since its debut in 2008…

3. President Trump, who leaves today on the longest Asian trip by an American President in 25 years, has nominated Fed Governor Jerome Powell to be the next Fed Chair following the end of Ma Yellen’s 4-year term in early February…Powell is viewed as a low-key pragmatist who will bring continuity to Fed policy – markets don’t like uncertainty, so investors will welcome that…his appointment, however, could cause some friction within the Republican Party where many rank-and-file members want to see the Fed roll back a decade of central bank activism sparked by the financial crisis…

4. Oil prices are trading near their highest levels in more than 2 years with buyers attracted by an increase in global demand and expectations of an extension to a pact to cut output that has reduced oversupply…this week’s Energy Information Agency report on Crude inventories and exports showed a large draw in U.S. stocks, further evidence that the market is rebalancing…meanwhile, OPEC countries meet at the end of November to discuss further action after agreeing nearly a year ago with Russia and other producers to hold back 1.8 million barrels per day of Oil supply…while supplies are being withheld, demand is also rising, especially in China, whose roughly 9 million bpd of imports have surpassed those of the United States to top the world’s Crude importer list.  “China’s Oil demand growth appears to be accelerating,” investment bank Jefferies stated…for the first time in nearly a decade, the entire global economy is expanding and that has to be considered bullish for Oil prices in the year ahead…

5. Apple (AAPL, NASDAQ) jumped to a record high in early trading, boosting the overall tech sector and giving the company a valuation of over $900 billion for the first time…Apple reported better-than-expected September quarterly earnings and also gave a December quarterly sales guidance range above Wall Street expectations…the iPhone 8 and iPhone 8 Plus “instantly” became Apple’s top-two selling products at launch, surprising even executives…the company is expressing high hopes for rapid growth in software and services, particularly in the booming middle classes in China and India, and is also encouraged by the tantalizing prospect of U.S. tax reform…

6. The Dow has retreated 21 points on profit-taking through the first 30 minutes of trading…in Toronto, the TSX is off 25 points, dropping back slightly below 16,000, while the Venture is flat at 793…LeoNovus (LTV, TSX-V), which yesterday upsized its bought deal financing to $12 million at 50 cents per unit, has hit a fresh new high after announcing that it has signed another proof-of-concept agreement…the company will install its unique blockchain-hardened software (Leonovus 3.0) and provide consulting services for a global health data services firm...Hive Blockchain Technologies (HIVE, TSX-V), up strongly for the 6th straight session, has touched the $6 level for the first time…Fintech Select (FTEC, TSX-V) broke out above important resistance yesterday on its short-term chart and traded 7.5 million shares, climbing 3 pennies to 24 cents, with another high volume session shaping up today…Wolfden Resources (WLF, TSX-V), taking aim at the historic high-grade VMS Pickett Mountain deposit in Maine, hit a new multi-year high of 37 cents in early trading…

7. Dr. Peter Lightfoot’s interest in the Nickel potential of the Eskay Camp has intensified with Lightfoot becoming a technical adviser to Metallis Resources (MTS, TSX-V) as announced this morning…recognized as one of the world’s leading Nickel sulphide experts, Lightfoot has played a pivotal role in Garibaldi Resources‘ (GGI, TSX-V) discovery at Nickel Mountain…in addition to his ongoing duties with GGI, Lightfoot will be conducting a comprehensive review and interpretation of geochemical, geophysical and geological data collected by Metallis to evaluate the potential for a magmatic nickel-copper sulphide system at Thunder North, contiguous to the southern and eastern borders of Nickel Mountain…based on a similar geological setting as Nickel Mountain, combined with strong magnetic and VTEM anomalies along with significant glacial retreat at Thunder North, Metallis extended its 2017 regional exploration program at higher altitudes and discovered a cluster of mafic to ultra-mafic intrusive rocks favorable for magmatic Nickel-Copper sulphide mineralization…rock chip sampling and a single drill hole (KH17–09) tested a structurally controlled sulphide-rich zone dominated by silica-pyrite altered diorite and mafic volcanics along the margin of an olivine gabbro intrusive body…results are pending…

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