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Check back later today for additional posts including Daniel’s Den, and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold rebounded from a 4-week low this morning as the latest twist in tensions between the United States and North Korea sparked modest fresh interest in safe haven assets…the yellow metal has traded between $1,293 and $1,299 so far today…as of 7:00 am Pacific, Gold is up $5 an ounce at $1,296…Silver is flat at $16.96…Copper is steady at $2.91…Nickel has slipped 19 cents to $4.77 after trading fees were hiked in China to dampen speculation…Crude Oil is unchanged at $50.51 as OPEC and certain non-OPEC producers meet in Vienna while the U.S. Dollar Index is off more than one-tenth of a point to 92.03…

2. “Rocket Man” exploded today – Kim Jong Un issued a bombastic first-ever first person statement to the world, focused on President Trump, in another provocation by the Hermit Kingdom after the nation’s foreign minister revealed that Pyongyang could conduct an historic aboveground test of a hydrogen bomb over the Pacific Ocean…”Rocket Man’s” message threatened that North Korea would accelerate its already brisk pace of weapons testing which has included missiles meant to target U.S. forces throughout Asia and the U.S. mainland…President Trump responded by saying the North Korean leader “will be tested like never before”…the heightened tensions should help keep a floor under Gold prices…meanwhile, the Trump administration’s strategy to choke off funding to North Korea is working with Chinese banks under pressure from their central bank to no longer do business with the rogue nation…China’s instructions to banks however, were at least partially undermined when South Korea yesterday bizarrely approved $8 million in supposed humanitarian aid to North Korea through U.N. programs…

3. Swiss customs data show the country, a key conduit for the movement of Gold globally, posted its fewest Gold exports in 3 years during August at 71 tonnes. “This was the smallest Gold export volume in 1 month since at least early 2014,” Commerzbank stated…only 15.9 tonnes were exported to India last month, 27% less than last August and the lowest amount in 13 months…exports to China and Hong Kong totaled 20.7 tonnes, down 53% year-on-year and the smallest quantity in 3 years. “Asian Gold consumers are therefore displaying increasing price sensitivity (noticeably less Gold was also exported to Thailand and South Korea),” Commerzbank says. “For example, Gold prices in Indian rupees and in Chinese yuan rose significantly in July and August, which presumably deterred buyers. As such, the Gold price is currently lacking one important demand component, for India and China together account for more than half of global Gold demand.”

4. Russia is the No. 1 “official” Gold buyer in the world at the moment with the country’s central bank acquiring 201 tonnes of the precious metal in 2016, the World Gold Council (WGC) says…in sharp contrast, Russian private purchases of bullion remain extremely low.  “Russia is the largest official purchaser of Gold in the world and the 3rd-largest producer. But it has yet to reach its potential on international investment markets,” wrote Tatiana Fic, director of central banks and public policy for the WGC, in the September issue of Gold Investor…the country’s central bank surpassed all others with its purchase of 201 tonnes of Gold last year, beating the People’s Bank of China, which bought 80 tonnes and came in second, followed by the National Bank of Kazakhstan, which acquired 36 tonnes…overall, the Russian central bank has added a staggering 1,250 tonnes to its Gold reserves during the past decade, increasing its total to 1,700 tonnes…reserve diversification is one of the primary reasons driving Russia to buy Gold, according to Elvira Nabiullina, governor of the Bank of Russia…

5. Russia’s top energy official said today at a meeting in Vienna that major Oil producers would not immediately extend supply cuts beyond March…OPEC and other Oil producers will not take a decision until January on whether to extend their pact to curb production, Alexander Novak stated this morning.  “I believe that January is the earliest date when we can actually, credibly speak about the state of the market.”  Meanwhile, U.S. Oil is trading at the biggest discount to the global price in 2 years, helping extend a boom in exports of Crude from American shale fields to refiners in Europe and Asia…

6. The Dow is off 10 points as of 7:00 am Pacific…the flash U.S. manufacturing PMI for September rose to a reading of 53.0 from August’s 52.8, research firm IHS Markit reported this morning…the latest monthly figure matched economists’ expectations…at the same time, the firm’s service sector PMI reading came in modestly below expectations at 55.1 after jumping to 56.0 in August…the TSX is up 45 points while the Venture has added 3 points to 779….HIVE Blockchain Technologies (HIVE, TSX-V) has eased off to $1.68, down 21 cents and just 12% above the $1.50 bought deal private placement price announced yesterday…Bio-Ventures (CYX, TSX-V) announced this morning that it’s unaware of any material change in the company’s operations which would account for the recent increase in market activity…further to its news release of August 15, the company confirms that it continues with the expansion of its product offerings to incorporate blockchain technology to ensure reliability and security in cloud-based computing platforms…

7. Castle Silver Resources (CSR, TSX-V) reported this morning that it has been accepted as an associate industrial member of the Cobalt Institute…the announcement coincides with a rebranding initiative of the organization formerly known as the Cobalt Development Institute…as CSR advances its Cobalt strategy, anchored by its proprietary Re-2OX process and two past-producing mines in northern Ontario’s Cobalt Camp, the Cobalt Institute is expected to provide valuable assistance in helping CSR build a reliable supply chain and a path to market…preparation of samples for key recipients downstream continues…over the past 2 months there has been a healthy unwinding of temporarily overbought technical conditions in CSR following a 300%+ gain between late January and mid-April, setting the stage for a fresh advance during Q4…CSR is up 1.5 cents at 20.5 cents through the first 30 minutes of trading…

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