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1. Gold has traded between $1,558 and $1,563 so far today…as of 7:00 am Pacific, Gold is up $3 an ounce at $1,560…Gold’s strong support band between $1,550 and $1,520 held up last week despite declines in ETF holdings and new record highs on Wall Street…Silver is 3 cents higher at $18.03…Palladium continues to surge, up another $79 an ounce at $2,374…Copper is steady at $2.84…Nickel has jumped 10 cents to $6.39 while Zinc has added a penny to $1.11…the International Monetary Fund (IMF) has become slightly less optimistic about global growth, warning that the outlook remains sluggish and there are no clear signs of a turning point…the Washington-based institution forecast in October a global growth rate of 3% for 2019 and 3.4% for 2020…the IMF has now revised down those forecasts to 2.9% and 3.3%, respectively…the downward revision was mostly due to lower growth in India…for 2021, the IMF has forecast a growth rate of 3.4%…common sense from Canada’s highest court (for a change) and a major blow to Canada’s Oil haters and climate change fanatics last Thursday when the Supreme Court quickly and unanimously rejected British Columbia’s move to regulate the flow of heavy Oil across its borders, resolving one of the last court challenges to the Trans Mountain pipeline expansion project favoured by most British Columbians and Canadians…Justice Mary Newbury stated, “The project is not only a ‘British Columbia project’.  The project affects the country as a whole, and falls to be regulated taking into account the interests of the country as a whole”…what will the radical left come up with next to try to stop this project?…they are still hotly determined to do so…

2. Remember how the United Nations-loving mainstream media in Canada drooled over a recent report from the “United Nations Committee on the Elimination of Racial Discrimination” that called for 3 large-scale natural resource projects in British Columbia to be “immediately” shut down, including the Coastal GasLink natural gas pipeline now getting so much attention from the anti-fossil fuel crowd?…it turns out that the UN panel of nearly 2 dozen so-called “experts” (clearly with an agenda) did not bother to study First Nations views toward the Coastal GasLink project…chair Noureddine Amir just admitted in a Reuters interview that he “did not know” that most First Nations communities supported this project…how’s that for ignorance?…this sham of a committee, drunk from its own climate change Kool Aid and anti-fossil fuel hysteria, and supposedly a protector of Indigenous rights as it preaches to Canadians, actually called for the shutdown of an Indigenous-backed pipeline, only to later admit it did not seek aboriginal views toward the project!…through their virtue-signalling, they’re hurting the very people they purport to defend…the left has become a disgrace in its attack against the Canadian Oil and gas industry…

3. The 1 radical fake native band that opposes construction of the Coastal GasLink pipeline says it will refuse workers access to “their” land, but in peaceful fashion, according to 1 of its chiefs (how generous of them as the “hereditary” non-elected chiefs of the Wet’suwet’en Nation knowingly break the law)…notably, Coastal has the support of all First Nations along the route, but these fake chiefs of the Wet’suwet’en Nation, through which 28% of the 670-km route passes, oppose it…they refuse to abide by Canadian law – it doesn’t apply to them, they say, so it’s impossible to negotiate with these individuals…Chief Na’moks of Wet’suwet’en’s Beaver Clan said the chiefs will never support Coastal on “their” land…“We’ll maintain our stance of absolute opposition as well as remaining peaceful,” Na’moks said in an interview…“We’re not letting them have access” in defiance, of course, of a recent B.C. Supreme Court decision…will B.C. Premier Horgan and Prime Minister Trudeau allow this 1 fake native band, allegedly funded by foreign sources, to interrupt or block a major Canadian resource project?…

4. QMX Gold (QMX, TSX-V) has drilled 41.8 g/t Au over 3.4 m (core length) and 171 g/t Au over 1 m in separate drill holes in the Bijou Shear zone approximately 200 m south of its Bonnefond deposit on the eastern side of the company’s extensive land package in the Val d’Or Camp…previous results from Bijou returned impressive intersections such as 13.2 g/t over 8.8 m, 6.9 g/t over 2.8 m, and 5.1 g/t over 2.9 m, but QMX is now cutting into even higher grades in this area…a large part of the winter drilling program will focus on improving the definition of the high-grade zones in the Bijou Shear and additional shear zones south of the Bonnefond intrusive…Bijou is one of the first mineralized shear zones identified south of Bonnefond…it extends 400 m along strike and 450 m down-dip, characterized by strong fuschite alteration associated with quartz veining and disseminated pyrite mineralization…“We continue to be extremely impressed with the results both within the Bonnefond tonalite (highlights released this morning included 1.75 g/t Au over 59.7 m, and 1.1 g/t Au over 72.8 m in separate holes on the western side) and in the shear zones to the south,” stated President and CEO Brad Humphrey…“The results to date bode well for our updated resource estimate, where we expect to upgrade the tonalite material from Inferred to Indicated, as well as a significant increase in the shear material.  We anticipate completing the Bonnefond resource update in the coming months.  We are also eagerly awaiting results from our reconnaissance drill program at the River Target, which are expected in the next week or so”…QMX is up a penny-and-a-half at 12 cents through the first 30 minutes of trading…

5. Marathon Gold (MOZ, TSX) is under mild pressure in early trading after releasing a positive updated mineral resource estimate (typical “sell on news” in these situations) for the Valentine Gold Project in central Newfoundland following the 2019 infill drill program at the Leprechaun and Marathon deposits…Measured and Indicated resources now stand at 3.1 million ounces (54.9 million tons at 1.75 g/t Au), an increase of 400,000 ounces or 15%, compared to the previous estimate from October 2018…total high-grade open-pit M&I resources of 2.58 million ounces (30.5 million tonnes @ 2.62 g/t) are available for use in the ongoing Valentine Gold Project Pre-Feasibility Study…refined geological models, tighter restrictions on high-grade assays, and increased drill density for each of the Leprechaun and Marathon deposits has yielded a higher confidence estimate that is demonstrated by, among other factors, a 63% increase in overall Measured resources to and better overall geostatistical rigour…this is a superb project with potentially very robust economics…

6. U.S. equity markets are closed today for Martin Luther King Jr. Day…even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever…Alphabet topped $1 trillion in market value late last week, becoming the 4th U.S. technology company to reach that level, after Apple, Microsoft and Amazon, which has slipped back to about $930 billion…adding Facebook into that group, the 5 most valuable U.S. tech companies are now worth a staggering $5.2 trillion, accounting for over 17% of the S&P 500, according to FactSet…that’s up from 11% 5 years ago, with about two-thirds of the value, or $3.5 trillion, accruing over that stretch…in Toronto, the TSX is up 12 points in early trading while the Venture has added 2 points to 586…Palladium Mining (PDM, TSX-V) hit a new high of 24 cents in early trading on strong volume…Group Ten Metals (PGE, TSX-V), advancing a large project in Montana, has hit new multi-year highs with a gain of 6 cents to 36 cents…Montana’s Stillwater District is one of the world’s largest and highest-grade PGE-Ni-Cu regions in the world…Crystal Lake Mining (CLM, TSX-V), breaking out past 15 cents, is up half a penny at 17.5 cents…in a 340-m step-out from the first diamond drill hole at the Burgundy Ridge discovery in the Eskay Camp, CLM has channel sampled 3.3% Copper, 3.75 g/t Gold, 63.4 g/t Silver and 8.6% Zinc over 10 m within 22 m @ 2.0% Cu, 2.3 g/t Au, 34.4 g/t Ag and 4.7% Zn…1.3% Cu was assayed over the full 37-m sample…the on-surface extent remains open in all directions and was visually observed continuing under the snow…remarkably, that’s what’s showing up at surface, well away from the original drilling discovery as the ice and snow retreat…last summer’s drilling at Burgundy, with more results to come, demonstrated that high-grade mineralization likely extends at least a few hundred meters to depth…a high-grade skarn-style deposit is possible, flanking what appears to be a very large porphyry system over at least 2.3 km…the bigger the porphyry system, the more likely a high-grade Gold system is adjacent to it…

7. GT Gold (GTT, TSX-V), looking strong, is up another 3 cents at $1.21…late last week the company announced that it had drilled an impressive 10 g/t Au and 46.8 g/t Ag over 53.73 m (93.27 m to 129 m) at Saddle South…this drill hole, TTD135, also included 3 other intervals of Gold mineralization (14.8 m @ 4.3 g/t, 16.59 m @ 1.79 g/t and 2.59 m @ 9.5 g/t)…4 holes in total were drilled at Saddle South and each of them cut significant Gold intervals including some high-grade numbers while also confirming continuity and consistency of mineralization at Saddle South…results also support the interpretation that the Saddle South mineralized zone represents a westerly plunging vein field of sulphide-rich and local sulphosalt-bearing extensional veins and local vein-breccias…the mineralization delineated to date defines a near-surface zone of at least 500 m in strike length and over 100 m in width, and which can be traced to more than 500 m below surface…GTT closed at $1.12 yesterday, its best price since early September…“The results from the 4 Saddle South drill holes, which were drilled primarily to aid our understanding of the geometry of this near-surface Gold-Silver system, serve to remind of the optionality this target offers to the development strategy of the overall project, as well as to the significant exploration potential across the Tatogga Property,” stated CEO Paul Harbidge…

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