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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 hit a 3-and-a-half month high today, trading between $1,308 and $1,328…as of 7:00 am Pacific, bullion is up $7 an ounce at $1,319…Silver has added 9 cents to $17.02…Copper and Nickel are both firm with Copper up 2 cents at $3.22 while Nickel soared to a new 2-and-a-half year high of $5.94…it has since backed off to $5.79, but that’s still up 8 pennies for the day…Nickel is attempting to confirm a breakout above a long-term downtrend line going back to 2011 – that would be a major technical event…a World Bank forecast of solid global economic growth has helped the metals sector while investors shrugged off weak inflation data from China, the world’s biggest metals consumer…Crude Oil continues to push higher, up 41 cents at $61.37, while the U.S. Dollar Index has fallen one-fifth of a point to 92.38…

2. Equities and the greenback came under pressure this morning after a report from Bloomberg News that officials in Beijing have recommended the Chinese government lowers – or even stops – its buying of U.S. sovereign debt…the report also notes that Chinese officials think U.S. debt is becoming less attractive compared to other assets, adding that trade tensions between the 2 countries could provide a reason to slow down or halt the purchases…China is trying to play hard ball with President Trump – should be fascinating to see how that game plays out…

3. U.S. Crude inventories have dropped for an 8th consecutive week, giving further support to Crude prices which have already been helped by OPEC-led production cuts and healthy global demand…investors are betting on an increasingly tighter market, especially with threats to supply from major producers such as Iran and Venezuela…today we should find out whether President Trump extends U.S. sanctions relief to Iran as part of a flawed 2015 Obama-led international agreement to curb the Islamic Republic’s nuclear program…the potential for new sanctions is very real and that would be another bullish catalyst for Oil…Trump’s decision will come on the heels of anti-government protests in Iran last week…rather than passing on the benefits of the nuclear agreement to its people, the hideous Iranian regime is meddling throughout the Middle East and has ramped up its proxy war against Saudi Arabia…Iran is not a poor country, but its national wealth is going to Hezbollah in Lebanon, Hashd al-Shaabi in Iraq and the Houthis in Yemen, not to mention terrorists elsewhere…

4. The Dow is off 98 points as of 7:00 am Pacific…U.S. equities posted record highs in the previous session, continuing their stellar start to 2018…in Toronto, the TSX has dipped 11 points while the Venture has fallen 9 points on profit taking as the marijuana sector cools off a little…

5. Eastman Kodak (KODK, NASDAQ) has more than tripled in price since yesterday morning after the company announced that it has used blockchain to create a digital photography platform called KodakCoin…there’s also a Venture connection to that…Global Blockchain Technologies (BLOC, TSX-V), halted yesterday with trading resuming at 7:30 am Pacific, is the lead investor with a $2 million (U.S.) investment into the Kodak coin, a compliant and fully registered initial coin offering (ICO)…Kodak is the first major NYSE-listed corporation to be part of creating and implementing a cryptocurrency…Global Blockchain has subscribed for all 8 million Kodak coins that were available in the Pre ICO Stage I…the KodakOne Image Rights Management Platform and Kodak Cryptocurrency gives photographers a new revenue stream and secure platform for protecting their work…utilizing blockchain technology, the KodakOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform…with Kodak-branded cryptocurrency, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform…Global Blockchain completed a $41 million bought deal at $2.55 just before Christmas…it last traded yesterday at $1.52…

6. Klondex Gold Mines (KDX, TSX) took a hit at the open, trading as low as $2.10, creating an opportunity for bargain hunters after the company announced that it will be suspending underground mining at its True North Gold Project in Manitoba…management explained that the decision was largely based on the site’s inability to achieve planned operating and cash flow metrics in 2017…preliminary full-year 2017 Gold ounce production from True North is estimated to be approximately 24,000 to 27,000 ounces, which is less than the guidance of 35,000 to 45,000 ounces…the mine will be placed on care-and-maintenance status after the developed areas are mined to review strategic options and reassess if Gold prices push significantly higher…fortunately, True North was an inexpensive acquisition for KDX…the share price has recovered to $2.65 as of 7:00 am Pacific after the stock opened down 86 cents at $2.10…

7. Silver Bull Resources (SVB, TSX) has reported exceptionally high-grade Zinc as well as high-grade Silver from channel sampling of previously inaccessible historical underground workings that were recently reconditioned by the company at its Sierra Mojada Project in northern Mexico…continuous chip samples up to 2 m lengths were taken along the walls of the underground workings and returned multiple high-grade values including sample N342057 @ 30.7% Zn, 124 g/t Ag, 15.8% Pb and 0.26% Copper in new sulphide zones to the west of Silver Bull’s recent drilling along an east-west trend…that drilling included diamond core intercepts of 9 m @ 20.7% Zn, 98 g/t Ag, 1% Pb and 0.26% Cu, and 16 m @ 396 g/t Ag and 1.61% Cu…a 1.4-km-long “chargeability high” has been identified through an IP survey and remains open toward the west…Sierra Mojada lies within an historical high-grade Silver-Lead-Zinc mining district discovered in 1879…the project is 100% owned and operated by Silver Bull and is part of a large land package consisting of 20 mining concessions totaling 47 sq. km…the main zone of mineralization found at Sierra Mojada extends over 6 km in an east-west direction along the base of the Sierra Mojada Range coincident with the Sierra Mojada fault…over 54 historical mine shafts lie along this strike, mining to depths in excess of 200 m…the area has never been mined with modern technology and processes…

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