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Check back later today for additional posts including Daniel’s Den from the New Orleans Investment Conference. In addition, visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,271 and $1,280 so far today…as of 7:00 am Pacific, the metal is down $6 an ounce at $1,276…Silver has dipped 14 cents to $16.91…Copper and Nickel are both down marginally at $3.17 and $5.36, respectively…Crude Oil has slipped 22 cents to $52.25…U.S. government data released moments ago provided a mixed picture with Crude stocks rising last week while gasoline stocks and distillate inventories fell…the U.S. Dollar Index has retreated one-quarter of a point to 93.67…

2. Demand for long-lasting U.S. factory goods remained robust last month, pointing to ongoing strong business investment…new orders for durable goods – products designed to last at least 3 years like dishwashers and aircraft – rose a seasonally adjusted 2.2% in September from a month earlier, the Commerce Department reported this morning…new orders are up 5.2% in the first 9 months of this year compared with the same period in 2016…the report comes amid broadly positive signs from the U.S. manufacturing sector, despite the impact of 3 recent major Atlantic hurricanes – Harvey, Irma and Maria…meanwhile, sales of new U.S. single-family homes unexpectedly rose in September, hitting their highest level in nearly 10 years, offering hope that the housing market was regaining speed after appearing to stall in recent months…

3. President Trump used a luncheon with Senate Republicans yesterday to get their views on who he should pick to head the Federal Reserve…according to news reports, the President polled the Republicans on whether they would prefer Stanford University President John Taylor or current Fed Governor Jerome Powell for the job, and more senators preferred Taylor…Trump also said he was considering reappointing Janet Yellen.  “If he does indeed choose Taylor, Gold is likely to fall sharply,” Commerzbank analysts said in a note…Taylor has a more hawkish stance with regard to interest rates…

4. The Copper market should see a deficit of 151,000 tonnes this year and a deficit of 104,000 tonnes in 2018, the International Copper Study Group (ICSG) says…a private coal mining industry investor in China’s Shanxi province is said to be the main actor behind a dramatic increase in bullish bets in Chinese Copper futures…analysts see continued improving prospects for Nickel, driven in part by the metal’s growing use in Lithium-ion batteries for electric and hybrid vehicles…meanwhile, the premium of cash Zinc over the 3-month contract is on the rise again, increasing to $68.50…that’s still well off the 10-year high of $91 a tonne 2 weeks ago but still indicates shortages in immediately available supply…Zinc is steady at $1.47 this morning…

5. The Dow has given up 16 points on profit taking through the first 30 minutes of trading…improving earnings results, strong economic data and the prospect of tax reform should keep equities buoyant…the TSX is 35 points lower as of 7:00 am Pacific while the Venture is steady at 785…with initial results pending from Nickel Mountain, Garibaldi Resources (GGI, TSX-V) has hit another new high, up 40 cents at $4.90, while neighbor Metallis Resources (MTS-TSX-V) has jumped 35 cents to $2.48…Datametrex (DM, TSX-V) is showing signs of a pending breakout, up half a penny at 12.5 cents on strong volume, while Fintech Select (FTEC, TSX-V) is following up on yesterday’s news with a gain of 2 pennies to 22 cents…

6. Canopy Growth (WEED, TSX) is up slightly after announcing this morning that it has launched a strategic partnership in the Jamaican cannabis market as part of its continuing international expansion…Grow House JA Ltd., to operate as Tweed Ltd. JA, will serve the needs of the Jamaican medical cannabis market with Tweed’s well-established cultivation processing and international standards, matched with the local know-how of its Jamaican partners and the renowned sun, soil and water of Jamaica…Canopy Growth holds 49% of the share capital of Tweed JA, which, with conditional license approvals already in place, has already begun construction of its facility.  “Jamaica represents a world-class cannabis market, and we are fortunate to be working with a highly experienced and knowledgeable local team so we can put the right pieces in place to turn these opportunities into local prosperity and success,” stated Bruce Linton, President and CEO.  “Ensuring we have the brands, infrastructure and the right people in place is our priority. We look forward to contributing to a successful Jamaican cannabis market with the addition of Tweed JA.”

7. Gold Standard Ventures (GSV, TSX), which began trading on the TSX 2 weeks ago, released positive metallurgical results this morning from continuing work designed to determine the processing characteristics of the Dark Star oxide Gold deposit on its 100%-owned/controlled Railroad Project in Nevada’s Carlin trend…the company says that the results confirm that Dark Star is likely to support heap leach processing…Gold Standard, comfortably sitting on a large cash position as as it carries out a 50,000-m drill program, has fallen in half from a high of nearly $4 last year…the stock is trading in a major support area in between its rising 500 and 1,000-day moving averages (SMA’s), and turnaround by Q1 seems likely based on chart patterns…

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