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

1.  Gold has hit a 3-month high of $1,241 as investors continue to hedge currency and political uncertainty…holdings of Gold by ETFs remain in a nice uptrend…as of 7:00 am Pacific, bullion is up $8 an ounce at $1,242…base metals are up across the board with Copper leading the way, adding a nickel to $2.67…the U.S. Dollar Index is off one-fifth of a point at 100.22…

2. The key takeaway in the Oil market today is how prices are holding up reasonably well despite a massive increase in U.S. fuel inventories, reported yesterday, and a slowdown in Chinese demand, based on new figures for all of 2016…the mainstream media’s take is that global Crude markets remain oversupplied despite OPEC’s recent production cuts…WTI is off 35 cents at $51.82 as of 7:00 am Pacific…

3. The Venture is aiming for its 7th straight winning session…as of 7:00 am Pacific, the Index is up a point at 828…the broader equity markets are down modestly but the Dow is holding above 20,000 as it tries to close above that level for a record 4th straight session…

4. Metals Creek Resources (MEK, TSX-V) is the Venture’s 2nd-most active stock in early trading, up a penny-and-a-half at 11 cents…volume has ramped up considerably in MEK as the company continues to intersect high-grade Gold mineralization over appreciable widths to expand its Thomas Ogden zone within 10 km of Goldcorp’s Dome mill complex in the heart of the Timmins Gold Camp…the company is gaining a much better understanding of the down-plunge projection of the TOG zone and it’s also integrating the 15–40 zone located 500 m west of TOG into the current geological model…drilling resumes this month…the latest results included 4.4 g/t au over 12.4 m…

5. Klondex Mines (KDX, TSX) reported high-grade Gold intersections this morning from underground drilling at its Fire Creek mine in Nevada…the results, not part of the mineral reserve and resource update issued by the company last September, included 3,323 g/t Au over 0.5 m (FCU-0714); 50.3 g/t over 2.4 m (FCU-0692); 37 g/t over 5.6 m (FCU-0689); 28.9 g/t over 10.1 m (FCU-0709); and 15.3 g/t over 16.4 m (FCU-0716)…the Fire Creek resource continues to show significant potential for expansion as Klondex steps out along strike and vertically…KDX is up 15 cents at $7.33 as of 7:00 am Pacific…

6. Wesdome Gold Mines (WDO, TSX) continues its accelerated underground drill program with the goal of determining the extent, continuity and geometry of the Kiena Deep Gold system in northwest Quebec…fresh results released this morning included 125 g/t Au over 4.3 m uncut (14 g/t cut) in hole #6154 and 20.28 g/t Au over 7.3 m uncut (10.2 g/t cut) in hole #6156…the new drilling continues to trace the Kiena Deep mineralized system along an altered and deformed N-NW trending basalt-komatiite contact zone…to date, it has been traced 550 m NNW along strike and over a depth range of 400 m…it remains open at depth and along trend…WDO has gained 18 cents to $3.00 as of 7:00 am Pacific…

7. Almaden Minerals (AMM, TSX-V) is up slightly on additional assay results from the continuing exploration and development program at its Tuligtic Project in Mexico…multiple drill holes intersected significant mineralization and veining inside or immediately outside of the amended PEA pit including the previously defined subvertical Ixtaca North vein zone, as well as potential new zones of veining…highlights included 41.5 m @ 1.5 g/t au and 117.3 g/t Ag in the Ixtaca North Zone…