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

1. Gold has traded between $1,312 and $1,322 so far today…as of 7:00 am Pacific, bullion has slipped $4 an ounce to $3.12…Silver is off 7 cents at $16.30…Copper is flat at $3.12 while Nickel and Zinc have each added 2 pennies to $6.20 and $1.48, respectively…Cobalt has jumped more than $1 a pound to a new decade high of $39.58…Crude Oil is down slightly at $61.11 while the U.S. Dollar Index has retreated one-fifth of a point to 89.97…U.S. industrial production climbed 1.1% in February, much more than expected, according to a report from the Federal Reserve this morning…that was the largest increase in 4 months…the central bank’s measure of the industrial sector comprises manufacturing, mining, and electric and gas utilities…meanwhile, manufacturing output rose 1.2%, the biggest gain since October…the FOMC meets next Tuesday and Wednesday…

2. Gold exchange-traded funds collectively just posted their largest daily accumulation of metal in roughly a month, according to BMO Capital Markets. “Amid rising political friction and increased security concerns as the Washington Post suggested President Trump plans to remove his national security adviser, Gold ETF holdings saw the largest 1-day increase since mid-February,” BMO stated…a 180,000-ounce rise brings this year’s net purchases to 801,000.  “With geopolitical risk rising and inflation concerns re-emerging, even with a strengthening dollar, Gold could be entering a period where it benefits from both macro and micro asset allocation gains,” BMO added…the inflation argument seems a little weak but Gold bugs do see the low $1,300’s as very attractive given strong technical support for the metal between $1,300 and $1,280…

3. With the equity market correction barely a month in the rear-view mirror, investors in the U.S. in particular have jumped back into stocks in record numbers…U.S. stock-focused funds took in $38.3 billion in fresh cash over the past week, a new peak that reverses much of the angst over the past several weeks, according to Bank of America Merrill Lynch…

4. Global Oil demand will likely grow faster than expected this year, partly offsetting a surge in U.S. shale production and keeping the market in balance, the International Energy Agency (IEA) states in its closely watched monthly report…the IEA predicts the world’s appetite for Crude will increase by 1.5 million barrels per day (bpd) to reach 99.3 bpd in 2018, a revision of 90,000 barrels…the uptick is expected to be driven by robust demand in industrialized nations, including Europe, the U.S. and Japan.  “The market rebalancing is clearly moving ahead with…supply and demand becoming more closely aligned,” the report noted…the IEA, a Paris-based organization that advises governments and corporations on energy trends, struck a more optimistic tone than last month when it warned that U.S. shale production could overwhelm global demand and undermine the Oil market’s fragile recovery…

5. The Dow is up 92 points through the first 30 minutes of trading…in Toronto, the TSX is 72 points higher while the Venture is flat at 828…Kraken Robotics‘ (PNG, TSX-V) announced this morning that its German subsidiary has successfully concluded sea trials with its innovative SeaVision 3-D underwater laser imaging system and is presenting results at Oceanology International in London…SeaVision is the world’s first ultra-high resolution RGB underwater laser imaging system that delivers full color 3-D point cloud images of subsea infrastructure with millimetre accuracy in realtime…the initial system is designed for deployment on underwater robotic platforms such as remotely operated vehicles and autonomous underwater vehicles…on the CSE, marijuana play Cannex Capital Holdings (CNNX, CSE) has had a successful debut this week and is once again among the volume and price gain leaders in early trading today, up another 19 cents at $1.89 as of 7:00 am Pacific…

6. Bank of Montreal has stopped customers from using their BMO credit cards to buy cryptocurrencies such as Bitcoin, joining TD Bank, which made a similar announcement last month…the BMO announcement follows similar moves by TD Bank and several U.S. financial institutions…TD Bank said late last month that it is halting credit-card purchases of cryptocurrencies while it reviews the evolving market… Bank of Nova Scotia has also said that it was looking closely at its cryptocurrency transaction policy, while Royal Bank of Canada has said it allows its credit and debit cards to be used to buy virtual currencies in limited circumstances, but cautioned clients that a sudden drop in value of the coins could leave them exposed…

7.  The tax man cometh – from the Wall Street Journal’s Laura Sanders this morning:  “Late last year, the Internal Revenue Service persuaded a federal judge to require Coinbase, a San Francisco-based digital-currency wallet and platform with about 20 million customers, to turn over customer information. Driving the IRS’s decision was its belief that few Bitcoin investors appear to be paying taxes due on sales. The court order is one of the agency’s first moves as it clamps down on cryptocurrency scofflaws.  By March 16, the IRS will have data on about 13,000 Coinbase account holders who bought, sold, sent or received digital currency worth $20,000 or more between 2013 and 2015. The data include the customer’s name, taxpayer identification number, birth date and address, plus account statements and the names of counterparties.  Criminal tax lawyers expect the IRS will act on the information and high-profile cases will follow.”

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Visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,317 and $1,328 so far today…as of 7:00 am Pacific, bullion is down $5 an ounce at $1,319…Silver has slipped 9 cents to $16.41…Copper and Nickel are off slightly at $3.11 and $6.16, respectively, while Zinc is unchanged at $1.46…Cobalt has hit a new decade high of $38.56, up 23 cents…Crude Oil has climbed 47 cents to $61.43…OPEC sounded the alarms yesterday about non-OPEC production growth in 2018, particularly from the United States, but the cartel’s supply curbs are continuing to shrink the global glut as most members implement their pledged cutbacks…surplus Oil inventories in developed nations have plunged by 85% from the start of last year…the U.S. Dollar Index has rebounded one-fifth of a point to 89.90…incoming White House economic adviser Larry Kudlow has signaled that President Trump may support a stronger dollar, pursue a second phase of his tax overhaul to make cuts permanent, and take a tougher line on trade with China… minutes after his appointment was announced, Kudlow, an economist and CNBC contributor, was on the network outlining his views on a range of economic fronts, starting with the dollar…in a rare departure for someone about to take a senior government job, he even offered a trading recommendation: “I would buy King Dollar and I would sell Gold.”

2. Prices of major cryptocurrencies are recovering from a sharp downward slide early today amid closer regulatory scrutiny on the space and after Google announced plans to ban advertising related to the sector…the market capitalization or value of all the world’s digital coins dropped as low as $310.4 billion overnight, down from $372.9 billion a day before, according to Coinmarketcap.com which tracks prices based on different exchanges…Bitcoin traded at its lowest level ($7,677) since February 8 before bouncing back…it’s now up slightly for the day, above $8,300…

3. Crystal Lake Mining (CLM, TSX-V), showing strong momentum in the market and on the ground this quarter, is taking aim at Canada’s next potential Nickel sulphide discovery with drilling and geophysics commencing within the next several days at the company’s 100%-owned Nicobat Project in northwest Ontario, approximately 35 km east of the Rainy River Gold mine…according to Dr. Peter Lightfoot, the Rainy River Block is a classic “transform rift environment” featuring strike-slip faults and cross-linking structures associated with mafic intrusions, a favorable setting that provides the opportunity for a “magma highway from the mantle” similar to the Eskay Rift where Garibaldi Resources (GGI, TSX-V) has made an important massive sulphide discovery at Nickel Mountain…Crystal Lake’s Nicobat Project features an historic mineral zone (Nico1), where drilling will commence, and covers a total of 50 sq. km…it’s centered over promising magnetic features, and extensive airborne and ground geophysics will be carried out concurrently with the upcoming drilling to help target potential massive sulphide zones…massive sulphides outcrop at surface at Nico1 with the mineralization showing a high Nickel tenor of 3% to 5%…Lamontagne Geophysics, Canada’s leader in high resolution borehole EM methods, is being brought in to carry out surface and then borehole electromagnetic surveys upon completion of diamond drill holes at Nico1…

4. B2Gold (BTO, TSX) has posted record annual Gold production for the 9th straight year, churning out 630,565 ounces which exceeded the upper end of the revised guidance of 545,000 to 595,000 ounces…for the year ended December 31, 2017, the company recorded net income of $61.6 million (U.S.) or 6 cents per share, including $34.5 million (U.S.) in Q4, compared to net income of $38.6 million (4 cents per share) for 2016…all-in-sustaining costs in 2017 were $860 (U.S.) per ounce, well below guidance of between $940 and $970 per ounce…with the large, low-cost Fekola mine in Mali now in production, B2Gold is on target to achieve transformational growth in 2018 with consolidated Gold production forecast to jump to between 910,000 and 950,000 ounces…this would represent an increase in annual consolidated Gold production of approximately 300,000 ounces in 2018 from 2017…the company’s forecast consolidated cash operating costs are expected to remain low in 2018 (between $505 and $550 per ounce) and all-in-sustaining costs are expected to decrease by approximately 6% to between $780 and $830 per ounce…

5. Arizona Mining (AZ, TSX) continues to find additional high-grade areas well outside of the PEA resource boundary for its Hermosa-Taylor Project in Santa Cruz county, Arizona…the company released results this morning for 5 more drill holes from the current program focused on expansion of the trench vein system, Taylor sulphide zone and Taylor Deeps zone…highlights included HDS-491, a vertical step-out targeting shallow trench vein system (TVS) mineralization on the northern arm of the trench claim…the drill hole intercepted two veins, one of which returned 62 feet assaying 21.4% combined Zinc-Lead and 4 ounces per ton Silver…meanwhile, drill hole HDS-507 returned 223 feet (67.6 m) grading 20.3% combined Zinc-Lead and 8.4 ounces per ton Silver in an angled step-out hole targeting Taylor Deeps mineralization, 300 feet west of HDS-497 reported in late January…

6. The Dow is up 98 points through the first 30 minutes of trading…in Toronto, the TSX is 39 points higher…Premium Brands Holdings (PBH, TSX) – check out that chart – has posted more blockbuster numbers while also increasing its quarterly dividend by 13.1% to 47.5 cents per share…the company has also signed separate agreements to acquire 4 Canadian food firms for $227 million…the Venture has added 2 points to 829…on the CSE, Cannex Capital Holdings (CNNX, CSE) had a successful debut yesterday and is among the volume leaders in early trading today, up 9 cents at $1.43 as of 7:00 am Pacific…

7. National Access Cannabis (NAC, TSX-V) has signed a binding term sheet to expand its business relationship with CannaRoyalty Corp., and will carry CannaRoyalty products in National Access stores in various provinces in Canada, as legally permitted…this non-exclusive agreement expands on an existing business relationship to distribute CannaRoyalty products through National Access’s future Manitoban retail stores.  “Our growing relationship with CannaRoyalty will provide our retail customers with greater access to a diverse portfolio of quality cannabis products at our future locations,” said Mark Goliger, National Access Cannabis CEO.  “Their deep experience successfully supplying branded cannabis products to the Californian marketplace will serve us well as we look to grow our retail footprint outside of Manitoba, to Alberta, British Columbia and beyond. Ultimately, our aim is to offer a balanced approach to retail distribution; providing Canadians with access to high-quality products while maintaining our reputation for secure, safe, and responsible access.”

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

1. Gold has traded between $1,321 and $1,331 so far today…as of 7:00 am Pacific, bullion is down $3 an ounce at $1,323…Silver is relatively unchanged at $16.53…Copper is up 5 cents at $3.17 while Nickel is ahead slightly at $6.30…Zinc is flat at $1.49 while Cobalt is steady at a decade high above $38…Crude Oil has added 15 cents to $60.86 while the U.S. Dollar Index has rebounded one-tenth of a point to 89.82…in economic data released this morning, the Commerce Department said retail sales declined for a 3rd straight month as households curbed purchases of cars and other expensive items…meanwhile, Chinese data were encouraging with industrial production rising to 7.2% from 6.2%, fixed asset investment at 7.9% from 7.2% previously, and retail sales also climbing, from 9.4% to 9.7%…

2. OPEC has raised its growth forecast for non-OPEC production in 2018 by 280,000 barrels a day from last month’s report…the group now sees Oil supplies from outside the cartel growing by 1.66 million barrels a day this year, slightly higher than anticipated demand growth…that puts the fragile balance in the Oil market at risk of tipping into oversupply and dragging Crude prices lower…for more than a year, OPEC has partnered with other producers including Russia to limit output and drain a global glut that devastated Oil prices beginning in late 2014…U.S. production, however, has surged to record levels above 10 million barrels a day in recent months, topping the output from OPEC’s biggest producer, Saudi Arabia…

3. Trent Mell continues his aggressive acquisition strategy – First Cobalt (FCC, TSX-V) is taking over U.S. Cobalt (USCO, TSX-V) in a “friendly transaction”…all of the U.S. Cobalt issued and outstanding common shares will be exchanged on the basis of 1.5 First Cobalt common shares for each U.S. Cobalt common share issued and outstanding…the exchange ratio represents a 61.8% premium to U.S. Cobalt’s closing price yesterday and a 58.5% premium based on both companies’ 5-day volume-weighted average trading prices…this implies a total equity value of approximately $149.9 million on a fully diluted in-the-money basis…one has to wonder, how long will it be before First Cobalt tries to swallow Canada Cobalt (CCW, TSX-V) which has key assets in the northern Ontario Cobalt Camp and a current undervalued market cap of only $22 million?…Mell stated in this morning news release, “We foresee a shortage of Cobalt over the next 5 years yet there are few companies doing significant work to identify new sources of supply. This transaction creates a larger platform to discover and develop Cobalt projects for the growing electric vehicle market by combining high-quality North American assets in two of the best Cobalt jurisdictions outside the DRC.  U.S. Cobalt’s Idaho Project complements our Canadian Cobalt Camp properties, offering upside potential for shareholders of both companies. We view the First Cobalt refinery as a strategic asset as it is the only permitted Cobalt refinery in North America capable of producing battery materials. We look forward to working with the U.S. Cobalt technical team as they complete drilling in support of a maiden mineral resource estimate expected later in 2018.”

4. The Colorado Controversy builds:  Adam Travis, recently fired as President and CEO of Colorado Resources (CXO, TSX-V), is turning up the heat in his battle to replace the current board of directors at a special AGM April 17…in a news release this morning, Travis announced he has mailed a proxy circular and letter to shareholders of Colorado in advance of the company’s April 17 AGM.  “I stood up against self interested actions taken by the Chairman of the Board, Lawrence Nagy, and two interconnected directors, Terese Gieselman and William Lindqvist (the “Conflicted Directors”).  This ultimately led to my termination without cause, as your President and CEO.”  Travis went on to say, “Shareholders have not been told the full story and as you read further, you will find that in order for Colorado Resources to succeed, change is required.  I have a passion for the corporation to succeed, work in the best interests of shareholders and deliver results.  Like you, I am also a shareholder.  Along with my family, we hold approximately 6,000,000 shares of Colorado.  My interests are aligned with yours and I am motivated to maximize value for all.  Unfortunately, the self interested and oppressive actions of the majority of the board, have given me no other option but to stand up for the rights of shareholders and propose a new board of directors.  I care deeply about seeing Colorado transitioned back into a functioning and transparent company with a board of directors that will act in the best interests of shareholders. You now have a choice and the opportunity to determine the next path forward for your investment in Colorado.”  Stay tuned, folks – this is about to become even more interesting, we’re sure…

5. The Dow is up 21 points through the first 30 minutes of trading…in Toronto, the TSX is 45 points higher while the Venture has added 2 points to 831…the infrastructure buildup continues in the Eskay Heart of Gold Camp…preparatory work has started on the site of a permanent year-round camp at Seabridge Gold’s (SEA, TSX) 100%-owned KSM Project to support continuing exploration and to facilitate prompt commencement of the much larger work programs required to advance the development of KSM once a joint venture partner is obtained…iMetal Resources (IMR, TSX-V) has sampled more high-grade Gold (along with Copper) at surface at its Gowganda West Property in northern Ontario with two promising zones several km south of Tahoe Resources‘ (THO, TSX) multi-million ounce deposit, contiguous to IMR’s ground, now believed to be linked…this is an entirely fresh grassroots discovery with grades over a minimum strike length of 300 m that significantly exceed those found at surface at Tahoe’s deposit…IMR is advancing toward a near-term drill program and is also investigating Cobalt showings on the eastern side of the property…

6. A new marijuana play, Cannex Capital Holdings (CNNX, CSE), made its debut on the CSE this morning after recently completing a $48 million offering at $1…Cannex intends to facilitate growth through cash flow from operations, strategic acquisitions and partnerships…the company says it will focus on providing a range of comprehensive and flexible growth options for licensed cannabis cultivators, processors and/or dispensaries domestically and internationally, including providing turnkey real estate with operational infrastructure, as well as long-term advisory and consulting services… CEO Anthony Dutton stated, “Cannex…represents a key advancement in our corporate business plan. A CSE listing will allow us to build a strong public shareholder base and more effectively pursue a number of near-term significant growth opportunities.”  CNNX opened at $1.55 this morning and is trading at $1.30 as of 7:00 am Pacific…

7. Google will ban online advertisements promoting cryptocurrencies and initial coin offerings starting in June, part of a broader crackdown on the marketing of a new breed of high-risk financial products…Alphabet’s Google announced the decision last night in an update to its policy, which says it will begin to block ads for “cryptocurrencies and related content.” Facebook took a similar step in January, leaving the two largest web-ad sellers out of reach of the nascent digital-currency sector…

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