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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 $1,282 and $1,287 so far today…as of 7:00 am Pacific, the yellow metal is flat at $1,284 as it tries to squeeze out a modest weekly gain after declining in 7 out of the last 8 weeks…Silver is up 9 cents at $17.09…Copper and Nickel are steady at $3.08 and $5.56, respectively…Crude Oil is relatively unchanged at $57.16 after benefiting this week from Saudi-Iran turmoil…Goldman Sachs is warning of greater price volatility ahead, citing rising tensions in the Middle East along with soaring U.S. Oil production…the U.S. Dollar Index is off one-fifth of a point at 94.29…

2. BNP Paribas looks for Gold to start 2018 weak, rally into mid-year on low real interest rates, but then turn lower as nominal rates rise…in an outlook report released this morning, the French bank listed a 2018 average Gold price forecast of $1,255 an ounce, the same as analysts expect this year…however, BNP Paribas’ quarterly average forecasts for 2018 range from a yearly low of $1,210 in Q1 to a high of $1,325 in Q2…

3. More details from the latest Gold Demand Trends report from the World Gold Council (WGC)…buying from Gold-backed exchange-traded funds edged up by only 19 tons, 87% less than they bought in the same quarter last year…these funds had to compete against “a soaring stock market” with “a contained Gold price contrasting poorly against that,” said Alistair Hewitt, the WGC’s head of market intelligence…still, there were some big players still buying…central bank demand for Gold went up 25%, with Russian and Turkish central banks leading the way, the report said…meanwhile, interest in the precious metal by the technology sector is up for the first time since 2010 thanks to the increased use of Gold in chips and wireless devices…total tech demand was up 2% at 84.2 tonnes in Q3 – a 4th straight quarterly advance…the increase brought this year’s number to 244.4 tonnes…

4. A measure of U.S. consumer sentiment dipped in early November, as respondents’ expectations of current and expected economic conditions declined slightly…the University of Michigan announced this morning that its preliminary reading on consumer sentiment was 97.8 in November, below expectations and down from a more than decade high of 100.7 in October…

5. Bitcoin fell today to its lowest since November 1 as traders bet on “bitcoin cash” instead…the offshoot digital currency surged more than 20% to its highest since August 20, according to CoinMarketCap…bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided to implement an upgrade in an effort to increase transaction speeds for the digital currency…

6.  Tech is hot – investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said today…the data, which tracks flows through Wednesday, also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an 8-week high…world stocks pushed lower today for the 2nd straight session, albeit after the longest daily winning streak in almost 11 years…

7. The Dow has retreated 43 points in early trading after falling slightly more than 100 points yesterday…the TSX remains above 16,000 and is down just 12 points as of 7:00 am Pacific…Klondex Mines (KDX, TSX) reported a net loss in the 3rd quarter (vs. a profit in the same quarter of 2016) as revenue fell on lower metal sales and weaker prices…Gold Standard Ventures‘ (GSV, TSX) drill hole DS17–20 has intersected 136 m of 2.67 g/t Au approximately 30 m north of DS16–03B (101.2 m @ 1.54 g/t Au) and approximately 90 m south of DS16–08 (126.2 m @ 4.07 g/t Au)…these new results are expected to significantly improve the grade of the current block model in the northern portion of Dark Star at the company’s 100%-owned/controlled Railroad Project in Nevada…the Venture is steady at 793…Calyx Bio-Ventures (CYX, TSX-V) is up half a penny at 13 cents after announcing completion of a $1 million financing and the signing of an LOI to lease an additional facility that will house the company’s new corporate head office and a “state-of-the-art environment to execute on its strategic plan to deploy its first data mining facility”…

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