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1. Gold has traded between $1,504 and $1,529 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,509…Silver has slid 13 cents to $18.09…an exceptional support band exists between $17.75 and $17.25 on any further pullback which would keep Silver firmly within its powerful primary uptrend…Nickel has jumped 11 cents to $8.14 while Copper, Zinc and Cobalt are all steady at $2.61, $1.05 and $16.10, respectively…Crude Oil has added 89 cents a barrel to $57.41 while the U.S. Dollar Index has fallen one-fifth of a point to 98.25…a Dow Jones Newswires report over the weekend stated that China’s official economic numbers are probably not accurate and likely are overly hyped by the government…the report said China’s overall economic growth (GDP) is probably about half of what the official numbers say, or actually around 3%, on an annual basis...this also comes as no big surprise – the Trudeau government has embarked on a massive spending spree (targeting everything except the resource sector, of course) ahead of the October election…according to a National Post report this morning, for August alone the Liberal government’s spending tally was a whopping 4,545 announcements worth approximately $12.8 billion…by comparison, the Harper government, in the month leading up to the 2015 election. announced spending of approximately $1.4 billion over the course of 605 announcements…the current government has shown repeatedly that it has no respect for Canadian taxpayers’ dollars…it’s a classic tax-and-spend regime, run by a Prime Minister and cabinet without managerial or financial discipline or experience – yet Canadians could decide to reward them with another 4 years in power…what would that do to the resource sector in this country?…

2. China continued the path of diversification in August as it bought Gold for the 9th straight month, adding another 6 tons to bring its yearly total to nearly 100 tons, according to the latest data released by the People’s Bank of China…Gold holdings stood at 62.45 million ounces in August compared to July’s 62.26 million…China’s renewed interest in Gold has coincided with a massive rally in Gold prices as well as an escalating trade battle with the Trump administration, one that China doesn’t seem likely to win…central banks around the world have been upping their Gold purchases in 2019 after buying a total of 651.5 tonnes last year – the highest level since 1971…this trend, which is not going away anytime soon, has been a key driver in this new bullion bull market along with global monetary easing and de-dollarization moves among emerging market central banks…

3. This week’s key event is the European Central Bank rate decision on Thursday…ECB President Mario Draghi will test the composure of global policy makers as he unleashes what’s expected to be a barrage of stimulus to shore up economic growth…the monetary easing will likely feature an interest rate cut that widens the difference between borrowing costs in the euro area and elsewhere…that will potentially affect foreign exchange markets – and risk the ire of critics such as President Trump…while Draghi has a mantra ready that his institution strives for price stability and doesn’t target the euro, that won’t stop Trump or others from accusing the ECB of fighting a “currency war”…that kind of talk is usually bullish for Gold…Trump has a history of citing the weakness of the euro when piling pressure on the Federal Reserve to cut its own rates…the Fed meets next Tuesday and Wednesday…

4. The Dow is up 36 points through the first 30 minutes of trading to begin the new week…AT@T (T, NYSE) jumped at the open after after Paul Singer’s Elliott Management announced it owns $3.2 billion in the underperforming telecom giant’s stock…the hedge fund said it sent a letter to the company’s board and argued for ways AT&T can “improve its business and realize a historic increase in value” (changes at CNN would be a good start)…the activist investor said its AT&T stock purchase is one of the firm’s largest investments ever…in Toronto, the TSX is off 26 points…Canopy Rivers (RIV, TSX) began trading on the TSX this morning, graduating from the Venture…this milestone was achieved within less than 1 year of the company’s initial go-public transaction…Osisko Mining (OSK, TSX) has cut 72.3 g/t Au over 12.7 m (762.2 m to 774.9 m, true width estimated at 55% to 80%) through infill drilling at the Lynx deposit at Windfall…Osisko President and CEO John Burzynski commented, “The continued flow of strong results from Lynx is making us rethink our approach to the Windfall deposit.  We continue to see good continuity of high-grade mineralization at Lynx and now Triple Lynx, and both zones remain open for expansion down plunge.  The Lynx extension and Triple Lynx are adding important ounces and these two recent discoveries are once again demonstrating the importance of the Lynx corridor in the Windfall mineralized system”…Golden Valley Mines (GZZ, TSX) and Strategic Metals (SMD, TSX-V) have quietly hit new 52-week highs…SMD has reported the discovery of more Gold-rich veins a its Mount Hinton Property in the Yukon, located in the southern portion of the Keno Hill district near Alexco Resource’s (AXU, TSX) mill at Keno City…Strategic’s continuing multi-phase program is focused on the Granite Creek basin which forms the headwaters of a productive placer creek…

5. Sun Metals (SUN, TSX-V) announced plans this morning to add a 3rd diamond drill rig and expand to a winter program at its 100%-owned Stardust Project in north-central British Columbia…positive results from the 2019 exploration campaign confirm the 421 zone Copper-Gold skarn mineralization is open to the north and south…the company views Stardust as a large, high-grade polymetallic Copper-Gold system…plans are underway for installation of an all-season winterized camp and additional roads to facilitate an extended exploration campaign…the camp is expected to support a workforce of up to 40 workers, which will be more than adequate to support a 3 drill rig year-round exploration campaign…Donald McInnes, Chairman of Sun Metals, stated, “The continued discovery of very impressive size and grade intervals in the 421 zone in the 2019 campaign are exceeding our expectations.  Timely advancement of the exploration team’s understanding of the Stardust mineralizing system is critical to the execution of our corporate vision. By adding a 3rd drill and installing an all-season camp we will be able to accelerate further discovery of the 421 zone”…

6. Pan American Silver (PAAS, TSX, NASDAQ) has elected to operate the next phase of exploration at Radius Gold’s (RDU, TSX-V) high-grade Gold-Silver Amalia Project in Chihuahua, Mexico, and will reinitiate work this month…the new program at Amalia will consist of 2,500 m of diamond drilling…the Amalia Project covers 9,450 hectares and is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua…Radius geologists discovered high grade epithermal Silver-Gold mineralization in several veins, vein breccias and disseminated zones over 3.5 km of strike length and a 600 m vertical interval following the trace of a large regional fault zone…an agreement to explore the Project with Pan American Silver was signed in July 2018…since then, 2 drill programs have been completed totalling 3,665 m in 15 holes, highlighted by 26 m of 7.1 g/t Au and 517 g/t Ag in drill hole AMDD18–009…

7. Japan Gold (JG, TSX-V) has made a second round of project acquisitions, as announced this morning, with the addition of 5 new Gold projects in the prospective southern and middle Kyushu epithermal Gold provinces…the projects cover prospective ground along strike of, or adjacent to, significant current and past producing Gold mines including the Hishikari, Kushikino, Yamagano, Okuchi and Bajo mines…the new projects comprise 21,058 hectares collectively…the Japanese Ministry of Economy, Trade and Industry has notified acceptance of the new applications giving Japan Gold priority over these areas and authorization to commence surface exploration…with the addition of these new projects, the company’s portfolio now includes 24 separate Gold projects within the major epithermal gold provinces of Japan…John Proust, Chairman and CEO, commented, “The acquisition of this coherent ground package in such a prospective address is a remarkable accomplishment.  These new projects continue to provide outstanding exploration opportunities within the portfolio and the potential to create significant value for Japan Gold going forward”…

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