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1. Gold has traded between $1,498 and $1,508 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,502…overall trading in Gold continues to point toward another price breakout in the not-too-distance future – the same with Silver which is up 2 pennies to $17.77…Palladium, on track for its 7th straight weekly gain, has hit a new record high…the auto-catalyst metal is in short supply with speculators and car producers gobbling it up…Nickel has jumped 18 cents to $8.06…this week’s news that the Philippines will suspend indefinitely operations in the Nickel mining hub of Tawi-Tawi province threatens supply from China’s 2nd largest ore supplier…the premium of LME cash Nickel over the 3-month contract has climbed to $150 a tonne, near the recent decade high of $163, indicating near-term tightness…the global Nickel market deficit widened to 6,700 tonnes in July from a revised 2,700 tonnes in the previous month, according to a report yesterday from the International Nickel Study Group (INSG)…Copper, Zinc and Cobalt are all steady at $2.61, $1.04 and $16.56, respectively…Crude Oil, poised for about a 7% gain this week, is 33 cents higher at $58.46 while the U.S. Dollar Index has added one-quarter of a point to 98.55…

2. Fed division:  St. Louis Federal Reserve Bank President James Bullard says he argued for a deeper rate cut than his colleagues approved earlier this week because he fears that the economy is slowing and manufacturing “already appears in recession”…separately, Boston Fed President Eric Rosengren also explained his dissent, which came not because he wanted even lower rates but rather because the thought the central bank did not need to adjust rates at all…Rosengren said he worried that pushing rates lower risked inflating asset prices and household debt…the policymaking Federal Open Market Committee on Wednesday approved a 25 basis point cut that took the target range for the central bank’s overnight borrowing rate to 1.75% to 2%…

3. Struggling First Quantum Minerals (FM, TSX), the owner of Africa’s biggest Copper mine, is drawing preliminary takeover interest from global miners after losing half its value over the past 5 years, according to industry sources…the stock, which closed at $11.20 yesterday, has also dropped in value since the beginning of July when most producers have pushed higher…Vancouver-based First Quantum, which has a market capitalization of $7.4 billion, is working with defence advisers to examine its options, the Financial Post reported his morning…to date, the company hasn’t yet received any formal takeover offers…First Quantum controls the open-pit Kansanshi mine in Zambia, which has 340,000 metric tons of annual Copper production capacity…the company has been at loggerheads with the government of the southern African country over issues from royalty increases to the planned introduction of a sales tax…it also owns other assets around the world including the Sentinel Copper operation in Zambia, Las Cruces in Spain and the Ravensthorpe Nickel mine in Western Australia…First Quantum also started ramping up production at the giant Cobre Panama Copper development project in the central American country earlier this year…

4. Royal Nickel (RNX, TSX) is almost two-thirds of the way to the 1 billion mark for outstanding shares…the company has closed its previously announced bought deal financing, including the partial exercise of the over-allotment option, of 46,156,000 units at a price of 40 cents per common share for gross proceeds to the company of nearly $18.5 million…each unit consists of 1 common share in the capital of the company and 1/2 of a common share purchase warrant…each warrant shall be exercisable to acquire 1 common share at a price per warrant share of 50 cents for a period of 24 months from the closing date of the offering…the warrants are listed on the TSX under the symbol RNX.WT…Royal Nickel recorded July and August Gold production of 15,977 ounces…material processed during August comprised Beta Hunt mined material, mined material from the Baloo Stage I open-pit and run-of-mine stockpiles…

5. The Dow is up 57 points through the first 30 minutes of trading…in Toronto, the TSX has climbed 73 points while the Venture is 1 point higher at 586…Garibaldi Resources (GGI, TSX-V), following a confirmed breakout above resistance in the low $1.80’s, pushed briefly above $2 intra-day yesterday…it is unchanged at $1.98 as of 7:00 am Pacific…Strategic Metals (SMD, TSX-V) has hit a new 52-week high of 55 cents while Barkerville Gold (BGM, TSX-V), on a 3-session winning streak, is closing in on its 52-week high…Amex Exploration (AMX, TSX-V) is up another 4 cents at $1.17 after releasing more encouraging drill results yesterday from the Gratien Gold zone at its Perron Property near Rouyn-Noranda, including 16.5 g/t Au over 14.6 m…4.9 m of that interval featured 47.7 g/t…the company has completed approximately 27,000 m during of its previously announced 25,000 m 2019 drilling campaign, and plans to drill an additional 15,000 m through the balance of the year for a planned total of 40,000 m using 2 drill rigs…this continued drilling will focus on expanding the Eastern Gold Zone (EGZ), the Gratien Gold Zone and the Grey Cat Zone…further to its most recently reported sales of about $60 million, Mission Ready Solutions (MRS, TSX-V) is up slightly after announcing that it has received additional contract awards valued at about $15 million, bringing the aggregate value of awards received to date during 2019 to about $75 million…Jeffery Schwartz, President and CEO of Mission Ready, stated, “We are thrilled to be able to deliver real, sustainable value to Mission Ready through the strategic and systematic implementation of our defined growth plan.  Each new award – big or small – represents another win for the company, both in supporting our war fighters and bolstering our position within the industry”…

6. Benchmark Metals (BNCH, TSX) has intersected 5.4 g/t Au and 214 g/t Ag over 7 m core length within a broader interval of 25 m grading 2.8 g/t Au and 177 g/t Ag in the first drill hole result from the Amethyst Gold Breccia zone (AGB) at its Lawyers Property in north-central British Columbia…based on Benchmark’s results and historical data, the AGB Zone measures a minimum of 550 m in strike length and up to 30 m wide and extends to at least 170 m at depth…John Williamson, CEO, commented, “We intersected significant Gold and Silver mineralization with the first hole drilled at AGB in 27 years, since the past-producing Lawyers Gold-Silver Mine was closed.  This hole intersected high grades over significant widths and a wide 25 m envelope of alteration and mineralization, similar to the subparallel Cliffs Creek Zone 500 m to the west.  The discovery of significantly greater-than-historical mineralized volumes at AGB enhances the potential to add resources to the Lawyers Project, while AGB still remains open to the north and south. Historically, this area was under-explored, as with all zones across the entire Lawyers property, providing major opportunities to prove new Gold and Silver ounces”…the 1st drill hole was designed to test the continuity of the known high-grade mineralization at depth, below the southernmost historical workings and drilling at the AGB zone…the drill hole was a significant step-out from historical drill holes, both laterally (80 m) and vertically (60 m), extending mineralization at depth to over 170 m below surface and the mineralization remains open…BNCH, in the process of completing a $7.5 million financing that includes Eric Sprott, is off half a penny at 40 cents…

7. A radical global movement picked up steam today with students in Europe and Australia skipping school and workers walking off jobs to demand action on “climate change”…tens of thousands of people attended a protest in a central Sydney park, holding up homemade signs with slogans such as “You’re Burning our Future” and “There Is No Planet B”…in Berlin, demonstrators gathered by the landmark Brandenburg Gate, just a few steps from where Chancellor Angela Merkel’s government is locked in marathon talks to hammer out a multibillion-euro “climate protection package”…thousands are marching in Paris, London, Brussels and Warsaw, with similar protests planned in New York, Toronto and elsewhere in North America…protesters joining the Global Climate Strike movement want governments to treat global warming as an emergency, slash subsidies for fossil fuels, and switch economies to 100% renewable energy as soon as possible…they’re part of a worldwide series of demonstrations that organizers say will take place in 150 countries today and on September 27…“As we deal with devastating climate breakdown and hurtle towards dangerous tipping points, young people are calling on millions of us across the planet to disrupt business as usual by joining the global climate strikes,” according to a statement on the organizers’ website…

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