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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 firmed up today, trading between $1,276 and $1,287…as of 7:00 am Pacific, bullion is up $10 an ounce at $1,285…Gold is building on its best gains in more than a month on Monday as it tries to end a slide that has resulted in 7 losing weeks out of 8…key support at $1,260 has still held, however…Silver has added 14 cents to $17.06…Copper and Nickel are steady at $3.09 and $5.74, respectively…Crude Oil has retreated 37 cents to $56.83 while the U.S. Dollar Index is up slightly at 94.87…

2. India’s Gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek better returns from riskier assets like equities, according to industry officials and analysts…this contrasts with the first 9 months of 2017 when the country’s Gold imports surged 131% to 638.4 tonnes, based on GFMS data, as jewelers front-loaded buying ahead of a sales tax hike that took effect from July 1…Gold demand usually strengthens in the final quarter in India due to the wedding season as well as festivals such as Diwali and Dussehra when buying bullion is considered auspicious…

3. Crude Oil prices eased off slightly today on news that Chinese Crude imports fell to a 1-year low, though it’s important to note that overall demand in that country remains strong (imports are up 7.8% on 12-month basis)…losses in WTIC today are being offset by investor caution over rising political turmoil in the Middle East where traders are closely watching escalating tensions between regional rivals Saudi Arabia and Iran…that’s a major theme that could bring a “risk” premium back to Oil and give prices quite a jolt in 2018…

4. U.S. stocks have been on a roll ever since President Trump shocked the establishment with an election victory exactly 1 year ago today…in fact, on the first anniversary of Trump’s win, the Dow has booked its best-ever first year under a new administration since 1945…the Dow has soared 28.5% since Election Day 2016, the 4th-best performance in history and the top mark since Franklin Roosevelt and his successor, Harry Truman, in 1945…under Roosevelt and Truman, the Dow gained 29.8% in the first year, according to Dow Jones statistics…Trump has surpassed Bill Clinton, who saw the Dow move 26.5% higher in the year following his re-election in 1996…on average, the Dow advances 6% in the year following Election Day…yesterday the Dow posted its 4th straight record close and its 58th since the Trump inauguration…strong earnings, regulatory rollbacks across multiple industries and prospects of deep individual and corporate tax cuts are driving investor enthusiasm..

5. The Dow has retreated slightly in early trading, down 43 points as of 7:00 am Pacific…the TSX is 39 points lower while the Venture is steady at 797…Richmont Mines (RIC, TSX) has posted net earnings of $4.8 million CDN or 8 cents per share for Q3 and $21.7 million or 34 cents per share for the 9-month period…Richmont achieved record production of 26,659 ounces of Gold in Q3, positioning the high-grade Island Gold Mine to exceed the top end of annual production guidance of between 87,000 and 93,000 ounces…A.I.S. Resources (AIS, TSX-V) has graduated from the NEX board to the regular TSX Venture after raising $4 million for a promising Lithium project in Argentina, guided by industry legend Dr. Carlos Sorentino…AIS is just a few pennies shy of its all-time high of 84 cents as the company gears up for an active finish to the year that’s expected to include drilling and production modelling at its pilot plant…Datametrex AI (DM, TSX-V) pushed through technical resistance at 16 cents on high volume in early trading after the company announced yesterday that it has incorporated a wholly-owned subsidiary to identify blockchain opportunities that can both complement existing platforms and other environments…Datametrex is also close to closing its key acquisition of Nexalogy Environics…also active on the tech side are Calyx Bio-Venture (CYX, TSX-V), up 1.5 cents to 12.5 cents, and Fintech Select (FTEC, TSX-V) which has pulled back to the mid-40’s after 2 days of strong gains…Vanadium play Cornerstone Metals (CCC, TSX-V) has hit a new multi-year high of 39.5 cents in early trading…

6. Tinka Resources (TK, TSX-V) has more than doubled its Inferred mineral resource at its 100%-owned Ayawilca Zinc Project in Peru…42.7 million tonnes have been outlined, grading 7.3% Zinc equivalent…in addition a separate Inferred resource of 10.5 million tonnes of Tin equivalent grading 0.70% has also been outlined (the Tin zone and Zinc zone resources do not overlap)…Dr. Graham Carman, Tinka’s President and CEO, stated: “These updated mineral resource estimates are a major milestone for the company. Ayawilca now has 5.6 billion pounds of contained Zinc classified as Inferred resources, with significant potential for more as the resources are open in several directions. The updated Zinc mineral resource shows a 130% increase in total contained pounds of Zinc since the last resource estimate (May 2016), and a 127% increase in overall tonnage (from 18.8 Mt to 42.7 Mt).  The Zinc grade has gone up slightly to 6.0% Zn (from 5.9% Zn) while the Zinc equivalent grade has decreased to 7.3% ZnEq (from 8.2 % ZnEq) due to a higher Zinc price and a lower Indium price. Importantly, South Ayawilca now forms a high-grade core with 13.3 million tonnes grading 7.6% Zn (9.5 % ZnEq).  In addition, the Tin mineral resource has increased by 60% since the last resource estimate (May 2016) to now include 145 million pounds of contained Tin.”  TK is up 6 cents to a new multi-year high of 80 cents through the first 30 minutes of trading…

7. Seabridge Gold (SEA, TSX) has returned very long runs of some of the highest metal values found to date at its KSM Project in the Eskay Camp…results released this morning from the final 3 drill holes targeting the plunge projection of the Iron Cap deposit were highlighted by 700 m grading 0.87 g/t Gold and 0.51% Copper (1.07% CuEq) including 186.3 m grading 1.49 g/t Au and 0.74% Cu (1.69% CuEq) in IC-17–71…meanwhile, IC-17–72 returned 851.8 m @ 0.86 g/t Au and 0.51% Cu (1.06% CuEq)…there were also Silver credits of a few g/t in each hole…Rudi Fronk, Seabridge Chairman and CEO noted:  “Our efforts to expand Iron Cap have proved to be an unqualified success. Going into this year, Iron Cap was clearly subordinate in size to both Mitchell and Kerr in the KSM porphyry cluster. The success of this year’s drilling indicates that Iron Cap is approaching parity in size with these other deposits but with zones of considerably higher metal values. We now see the early development of Iron Cap as a high priority for further study due to its grade, location and size. Revising the project’s mine plan to reflect this thinking would likely have a positive impact on KSM’s projected economics.”

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