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Gold fell to a 2-week low overnight and has traded between $1,261 and $1,270 so far today…as of 9:15 am Pacific, bullion is unchanged at $1,268…Silver is up 2 cents at $17.27…Copper has added 2 pennies to $2.11…Crude Oil has lost 77 cents to $49.08 while the U.S. Dollar Index has fallen one-quarter of a point to 93.79…

Many people on one side of Thursday’s UK referendum could be in for a shock Friday morning…Britain has entered the final day of campaigning before its referendum on EU membership with opinion polls and financial markets at odds about the outcome…investors in recent days have been piling money into bets on a victory for the “Remain” campaign led by Prime Minister David Cameron…the pound has surged to a 5-month high, European stocks posted their biggest 3-day gain in almost a year, while Gold has dropped as much as 4.2% or $56 from last Thursday’s intra-day high just above $1,315 an ounce…furthermore, bets with bookmakers are leaning heavily on the “Remain” side (London bookmakers are saying the odds are about 75% the U.K. will stay in the EU)…

Polls, meanwhile, say the race is still too close to call after a swing toward the “Leave” campaign came to an apparent halt last week following the murder of Labor Party lawmaker Jo Cox, a supporter of staying in the EU…despite the fact the polls are showing a “toss up” too close to call, people seem to be paying more attention to the bookmakers because that was a much better predictor in past referendums…

Undecided voters will be the key tomorrow…there have been about 150 referendum polls since the beginning of last September and, across them all, an average of 14% of people were undecided…this block of voters will likely sway the referendum result one way or the other, and polls are suggesting that 1 in 10 people have yet to make up their minds – days before the vote…

What Happens After Thursday?

Markets are already celebrating a premature victory for the Remain side…that means a Remain vote is already priced into Gold now, so a distinct possibility is that bullion actually moves higher Friday no matter what the outcome is in Britain…potentially, Gold could explode if the Leave side prevails…one of the most reliable indicators we use for Gold is the Venture…the Index has essentially shrugged off Gold’s $50+ drop, suggesting Gold’s trend remains very bullish…

“Shakedown” Attempt By First Nations?

In Mexico, it’s called “extortion”…in Canada, it’s often referred to in “politically correct” terms as “First Nations engagement”…

Extensive BMR research last year showed how Tahltan leader Chad Day took northwest British Columbia’s Sheslay district “hostage” in an attempt to force the B.C. government to enter into a new and expanded Shared Decision Making Agreement featuring a possible “Land Use” component with the Tahltan Central Government…afraid to be perceived as “racist”, the mainstream media – including those covering the resource sector – simply looked the other way or went along with Day’s environmentalist “spin” on the district and the story…

Today, more evidence that the Tahltan leader is “over-reaching” yet again by proposing questionable “exploration agreements” to numerous companies as a revenue-generator for the Tahltan Central Government, a move that this time has created some serious backlash…details in Morning Musings…

In today’s Morning Musings…

1. B.C. government speaks out about “access” payments “requested” by First Nations…

2. Daniel’s Den – summer time is fun time in the Yukon!…

3. Fresh Venture and Gold charts – hmm, something BIG on the way?…

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