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1. Gold has traded between $1,312 and $1,321 so far today…as of 7:00 am Pacific, bullion has retreated $8 an ounce to $1,314 on profit-taking after hitting a 4-week high yesterday…the TSX Gold Index closed above 200 for the first time in 14 months yesterday and remains above that key level this morning…Silver is off 12 cents at $15.40…Copper is flat at $2.89…Nickel has added 4 cents to $5.89 while Zinc is a penny higher at $1.31…Crude Oil prices continue to push higher, up $1.36 a barrel to $60.18…concerns about demand have taken a back seat to a tight supply situation again…the U.S. Dollar Index has gained one-tenth of a point to 96.70…the U.S. Conference Board reported this morning that its Consumer Confidence Index fell to a reading of 124.1, down from February’s 131.4 and missing expectations…economists were expecting a reading around 132.1…

2. Canadian Oil field services companies with operations in the U.S. are now earning more of their revenue south of the border than they have for at least 6 years – what does this say about Canadian government policies?…our politicians just keep driving business south…an AltaCorp report says that trend is expected to continue as Oil-and-gas spending weakness in Canada is balanced against steady activity in the United States…capital moves to where it’s wanted…12 of the largest Canadian energy-services companies with U.S. operations earned 54% cent of their revenue in the U.S. in 2018, the first time the percentage climbed above half since at least 2013, when it was just over 40%…AltaCorp forecasts a 16% decline in Canadian drill rig activity this year to an average of 159 active rigs…the survey includes large Calgary-based drilling companies like Precision Drilling and Ensign Energy Services, as well as well completion firms such as Calfrac Well Services…the industry relocated 16 Canadian rigs to the U.S. in 2018, up from 6 in 2017, and is continuing to send rigs south of the border this year…

3. The Dow has jumped 238 points through the first 30 minutes of trading, led by a gain in Apple as investors digest the company’s launch of a slew of different services…tech, financial and energy sectors are outperforming this morning… in Toronto, the TSX is up 112 points…Canadian equities are off to their best start to a year in nearly 2 decades, with the S&P/TSX Composite Index clinging to a lofty 12% gain while the Venture is up 13.6%..Newmont Mining (NEM, TSX) has won the support of some key investors for its $10 billion takeover of Goldcorp (G, TSX) after offering to sweeten the deal with an 88-cent per share special dividend if shareholders approve the transaction…the immediate cash payment would represent a portion of the anticipated savings from a separate agreement with Barrick Gold (ABX, TSX; GOLD, NYSE), Newmont said…drill results released this morning include 30 m @ 3.9 g/t Au on the Courvan Gold trend at Probe Metals‘ (PRB, TSX-V) Val d’Or East Project, while Barkerville Gold (BGM, TSX-V) cut 19.34 g/t Au over 17.9 m in IM-19–013 at its Cariboo Gold Project, extending a mineralized vein corridor on the Shaft zone 70 m down dip…Solar Alliance Energy (SOLR, TSX-V) is the top trader on the Venture this morning, nearly doubling in value on big volume after announcing that it is now an approved Tesla vendor and has signed an agreement to install 6 Tesla charging stations combined with a solar system at a commercial project in Nashville, Tennessee…“Becoming a Tesla-approved vendor provides Solar Alliance customers with the opportunity to access a high-quality electric vehicle charging station installation,” stated CEO Myke Clark.  “We now have the ability to install stand-alone Tesla charging stations for homeowners, but more importantly, we can integrate Tesla electric vehicle chargers into our residential and commercial solar system products”…SOLR is up 4 cents at 7 cents as of 7:00 am Pacific…

4. Continuing drilling of the Eastern gold zone (EGZ) at Amex Exploration’s (AMX, TSX-V) Perron Project continues to intersect high-grade Gold mineralization in additional step-out drill holes…PE-19–36 cut 11 g/t Au over 10.3 m including 99.2 g/t over 0.5 m, 18.3 g/t over 0.5 m, and 77.6 g/t over 0.6 m on the company’s furthest east 25-m step-out testing the High Grade zone (“HGZ”)…the intersected mineralization, which is characteristic of the HGZ, consists of 2 Gold-bearing quartz veins located on either side of a narrow mafic intrusive crosscutting a large unit of silicified rhyolite…these 2 quartz veins typically contain sphalerite, pyrite and visible Gold as coarse grains, flakes, or specs…with the high-grade results from PE-19–36 and additional mineralization encountered in PE-19–35, the company has now confirmed an additional 25 m of strike of the HGZ mineralized system…the zone has now been intersected over a vertical distance of 300 m with a lateral distance of over 50 m pierce point to pierce point with a spacing varying from 25 to 50 m…the HGZ remains open along strike, toward surface and to depth…AMX has been consolidating since soaring as high as $1.52…at 93 cents, it’s now hugging its rising 50-day moving average (SMA) about 15 cents above the recent financing price (75 cents) – a broad area of strong technical support…

5. Seabridge Gold’s (SEA, TSX) environmental assessment (EA) certificate for its Eskay Camp KSM Project issued by the Province of British Columbia has been extended to July 29, 2024…the original KSM EA certificate was issued by the Province for an initial 5-year term on July 29, 2014, following a comprehensive independent environmental assessment review…Seabridge initiated the renewal process in October 2018 following a thorough engagement with local Indigenous groups…the new 5-year certificate was approved with the same terms and conditions as the original certificate, including the requirement to commence construction of the Project within the 5-year period…Seabridge Chairman and CEO Rudi Fronk stated: “We are pleased that our EA Certificate has been renewed until 2024 under the same terms and conditions, reaffirming the Government of British Columbia’s support for KSM and the robustness of the original 2014 EA.  The extension highlights that KSM is a well-designed, environmentally responsible project offering significant economic benefits for British Columbia and Canada.  The receipt of the extension allows us to continue our engagement with prospective joint venture partners for KSM.  On behalf of Seabridge and our shareholders, I would like to thank the Nisga’a Nation, and the Tahltan and Gitxsan Nations for their ongoing guidance and support of KSM during the extension review process”…

6. What’s another 25 million shares when you already have nearly half a billion outstanding?…Royal Nickel (RNX, TSX) is under pressure in early trading after announcing a $24.49 million bought deal at 49 cents this morning with a syndicate of underwriters co-led by Haywood Securities and Cantor Fitzgerald Canada…net proceeds from the offering will be used for exploration drilling and development at Beta Hunt and to finance a portion of the cash component of the purchase price in the event that the company closes this morning’s proposed acquisition of the Higginsville Gold operations (HGO) from Westgold Resources…Royal Nickel says the acquisition of the Higginsville operations and its modern, low-cost 1.3-million-tonne-per-annum Gold mill would provide a key piece of the company’s strategy to unlock the significant potential of its Beta Hunt mine (processing cost savings would be in excess of $15 per tonne, or a 35% reduction, according to the company), and would add an expected 40,000 to 45,000 ounces of Gold production in 2019…HGO has a 367,000 ounce reserve within a 1.2-million-ounce Measured and Indicated Gold resource, and a further 900,000 ounce Inferred resource, all located on a 386 sq. kmland position in the Kalgoorlie Gold region…Royal Nickel successfully tolled Beta Hunt material through the HGO mill in 2018, achieving 94% Au recovery…

7. Canada’s cannabis industry could see its first-mover advantage cut short if a piece of legislation that would open the U.S. banking sector to cannabis companies is eventually passed, some industry watchers say…the Secure and Fair Enforcement (SAFE) Banking Act, which would protect U.S. banks working with cannabis companies from criminal scrutiny by regulators, is due to face a markup in front of the House Financial Services Committee today…that process, in which a congressional committee debates and amends proposed legislation before voting on the version of the bill that will be submitted to the House, is one of the final steps in a years-long campaign by marijuana activists to allow cannabis companies to gain full access to financial services – everything from bank accounts, to lines of credit, to credit cards…if that happens, some argue that Canadian cannabis companies will face intense competition from their American counterparts, who would finally have access to major lines of financing, enabling them to grow quickly and fully leverage domestic demand for cannabis…

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