Check back later this morning for today’s Morning Musings.
1. Gold has pushed to a new 1-month high just above $1,300 an ounce as traders begin to factor in new U.S. election dynamics and a private jobs report this morning that missed expectations with the smallest increase since May…
2. Momentum continues to accelerate in the HGU (Horizons BetaPro S&P Global Gold Bull Plus ETF) which is up another 90 cents to $22.30 through the first 30 minutes of trading…chart update on the TSX Gold Index in today’s Morning Musings…
3. Marathon Gold (MOZ, TSX) intersects 30 m @ 3.61 g/t Au (18 m true width) and 35 m @ 3.10 g/t Au (19.3 m true width) in fresh drill results released this morning from the company’s Marathon deposit in the Valentine Lake Gold Camp…the deposit remains open along strike and now extends to depth in excess of 350 m…a second drill rig has been added to the project in advance of an anticipated 2017 resource update…
4. Benton Resources (BEX, TSX-V), a major player along the Cape Ray Fault near Marathon, has hit a new 52-week high after announcing it has signed a binding LOI to acquire a 100% interest in the Bedivere Gold Property 130 km west of Thunder Bay…recent prospecting has resulted in a new high-grade Gold discovery where surface grab samples have returned assays ranging from trace up to 1,281 g/t (41 ounces per tonne)…
5. Technical breakout in Canadian Zeolite (CNZ, TSX-V) above Fib. resistance at 41 cents, just a week after the company entered into an exclusive national distribution deal with Bella Turf, Canada’s leading distributor of artificial turf landscape grasses…updated chart in today’s Morning Musings…
6. Prosper Gold (PGX, TSX-V) completes a $1.7 million financing and mobilizes a second drill to its Ashley Gold Project in northern Ontario where drilling has been expanded from 7,500 m to 20,000 m…the widespread high-grade Ashley-Garvey surface veins may coalesce at depth…PGX is trading at 28 cents, just above its rising 200-day moving average (SMA)…
7. Election update – fivethirtyeight.com has boosted Donald Trump’s chances of winning the Electoral College to 30%, and the Republican has “many paths to victory” if he’s within at least 2 percentage points of Hillary Clinton in the popular vote…
