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Check back later this morning for today’s BMR Morning Market Musings.

1. Gold touched a high of $1,214 overnight but is off $5 an ounce at $1,205 as of 7:00 am Pacific after  stronger than expected U.S. private employment data from ADP…traders are anxiously awaiting a Fed statement at 11:00 am Pacific for more clues on the direction of monetary policy…

2. Private U.S. companies kicked off 2017 with a hiring spree, according to the latest report from ADP and Moody’s Analytics released this morning…amid an explosive month surrounding President Trump’s inauguration and the flurry of activity that followed, firms added 246,000 new workers to their payrolls – about 80,000 above the consensus estimate…that has given the greenback a modest boost with the U.S. Dollar Index up one-third of a point at 99.87 as of 7:00 am Pacific…

3. Zinc prices have hit a new multi-year high of $1.31 a pound (U.S.) while Nickel has climbed back above $4.50…Copper, off slightly at $2.70 this morning, closed out a strong January on a positive note yesterday and we’ll have an updated Copper chart in today’s Morning Musings…

4. The Venture, after one of its best-ever January performances with a gain of 5.9%, is up another 5 points to 812 as of 7:00 am Pacific…traditionally, February has been the Venture’s strongest month of the year with an average gain of 4.7%…it has been an “up” month two-thirds of the time…the Dow is trying to end a 3-session slide while the TSX will attempt to snap a 4-session losing skid today…both indices are up modestly in early trading…

5. Doubleview Capital (DBV, TSX-V), attempting to break out of a long-term downsloping channel, is up 2 pennies to 11 cents as of 7:00 am Pacific after the company announced a proposed non-brokered private placement financing of convertible notes in the principal amount of $450,000 (U.S.)…each note will bear interest at a rate of 5% per annum, payable quarterly, and will mature and be payable 18 months from the date of issue of the notes…this raises more money in a non-dilutive fashion for the next phase of work at the Hat Property following what appears to have been a successful round of drilling late last year based on core descriptions (results pending)…

6. Jaxon Minerals (JAX, TSX-V) is up a penny-and-a-half in early trading after releasing high-grade sampling results from a compilation of historic data from its Price Creek VMS Property north of Smithers…highly anomalous precious and base metal values were recorded from surface samples over a widespread area within the Max target, one of several prospective targets on the property, with mineralization exposed over a vertical extent of 750 within a 1 sq. km area…Silver and Zinc values came in as high as 3,398 g/t Ag and 18% Zn…more on Jaxon later this week in Morning Musings…

7. Alphinat (NPA, TSX-V), which has sprung to life by trading 16 million shares in the last 5 trading sessions, accompanied by a 275% price increase last week, announced this morning that the government of France has exercised its option for extended use of “SmartGuide” for a 4th year to continue deploying its digital government initiatives…as announced last week, the company continues to be involved with delivery of projects with various agencies of the Canadian federal government with those projects leading to further discussions with current and prospective clients and partners…NPA recorded a Q1 profit of $260,000 for the period ended November 30…NPA is unchanged at 12 cents as of 7:00 am Pacific, just above Fib. support at 11 cents…