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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 $1,290 and $1,302 so far today…as of 7:00 am Pacific, bullion is up $5 an ounce at $1,302…Gold held by global ETFs increased by 15 tonnes in May, led by accumulation in Europe and Asia, according to numbers released this morning by the World Gold Council…holdings stood at 2,484 tonnes at the end of the month…this was the 3rd straight month of inflows and followed April’s impressive increase of 72.2 tonnes, the largest level of inflows in more than a year…Silver has climbed 23 cents to $16.69…Nickel, starting to get comfortable with the $7 level, has retreated 3 pennies to $7.08 after a sharp rise yesterday…Copper is up 5 cents at $3.24 while Zinc is steady at $1.45…Crude Oil has added 22 cents to $65.30 while the U.S. Dollar Index has fallen one-fifth of a point to 93.62…the greenback is cooling off with the euro hitting a 10-day high today after officials said the European Central Bank (ECB) could wind down its stimulus program by the end of 2018 and that inflation was rising back to its target…having revived growth with an unprecedented 2.55 trillion euro ($2.99 trillion) bond purchase scheme, the ECB has been debating whether to end the purchases this year as the threat of deflation appears to have passed and the bloc is on its best growth run in a decade…

2. The Crude Oil tug-of-war continues between the loss of supply from Venezuela and Iran and the potential output increase from OPEC and U.S. shale, along with a recent trend of rising U.S. inventories…OPEC countries and Russia will meet June 22 to decide whether to increase production following a drop in global inventories as world demand outstrips supply…the Trump administration has unofficially asked Saudi Arabia and some other OPEC producers to increase output in order to keep prices in a stable range…meanwhile, Crude inventories in the U.S. were surprisingly up by 2.1 million barrels in the week to June 1, according to information just released by the Energy Information Administration (EIA)…this compared with analysts’ expectations for a decrease of 1.8 million barrels…the EIA’s reported inventories of “total stocks” of Crude Oil and fuels have risen bearishly recently to their highest levels since early March due to infrastructure bottlenecks trapping shale Oil…

3. How Canadian governments are handcuffing the country’s Oil and gas sector:  The Canadian Oil and gas industry estimates it will pay a whopping $25 billion over the next 10 years to comply with federal and provincial climate change policies that are having “serious unintended consequences” for the industry and jobs…in a report released yesterday, the Canadian Association of Petroleum Producers (CAPP) says the country’s new emissions regulations are driving up costs for domestic Oil and gas producers which is causing investment to leave the country for jurisdictions that are doing less to reduce emissions…“Investment in Canada’s energy industry – and jobs for Canadians – will continue to leave for other jurisdictions unless there are changes to regulatory policies that enable growth,” CAPP president and CEO Tim McMillan stated in a release…domestic Oil and gas companies support meeting environmental goals, McMillan said, but governments need to take into account the extra burden of added costs or business will continue to migrate to places with lower standards in a phenomenon CAPP calls “carbon leakage”…Canada was built on its rich resources – when will Canadian governments start championing that competitive advantage again, and put Canadian jobs and economic growth first, rather than pandering to a globalist agenda that its #1 trading partner has wisely already rejected?…

4. The Dow is up 94 points as of 7:00 am Pacific…in Toronto, the TSX is off 23 points…Goldcorp (G, TSX) has signed an impacts and benefits agreement (IBA) with 3 First Nation communities, including Brunswick House First Nation, Chapleau Cree First Nation and Chapleau Ojibwe First Nation, for the development and operation of the Borden Gold Project in northern Ontario…the IBA is a milestone marking the first time these 3 First Nation communities are involved with a mining project…the Venture is up another 4 points to 772 as marijuana stocks continue to firm…Organigram Holdings (OGI, TSX-V), racing toward a new high, is up another 7 cents at $5.56 through the first 30 minutes of trading…yesterday the company announced that it has received an expanded cultivation license from Health Canada related to its previously announced Phase 3 expansion…Datametrex AI (DM, TSX-V) has been coming out with a flurry of news recently, and this morning the company announced that its JV company, Graph Blockchain, has secured a prototype contract with the world’s largest manufacturer of mobile phones and smart phones, valued at approximately $300,000, to build a private-enterprise blockchain solution for the electronics division of this South Korean conglomerate…Graph Blockchain Chief Operating Officer Peter Kim stated, “This is one of our most exciting accomplishments to date and a true testament to our organization as a leading-edge blockchain company”…Salazar Resources (SRL, TSX-V) and Adventus Resources (ADZN, TSX-V) reported more high-grade intersections this morning from infill drilling at the El Domo VMS deposit in Ecuador, highlighted by 13.7 m grading 5.7% Copper, 7 g/t Gold, 59.3 g/t Silver and 2% Zinc for 11.8% Copper equivalent in drill hole CURI-262…two adjacent intersections in CURI-266 were highlighted by 32.4 m grading 4.4% Cu, 1.3 g/t Au, 1.8% Zinc and 13.3 g/t Ag…infill drilling continues as the project moves toward toward an updated PEA in the first half of 2019…

5. Dolly Varden Silver (DV, TSX-V) has commenced diamond drilling at its Dolly Varden Silver Property near Stewart…25,000 m will be completed in approximately 60 to 75 drill holes….the 2018 program is designed to focus on resource delineation and verification, particularly in the areas where new discoveries were made last year at the Torbrit North, Torbrit East and Moose Lamb targets…a 2nd drill rig will be added within the next couple of weeks…

6.  Constantine Metal Resources (CEM, TSX-V) has started a 10,000-m drill program with 2 rigs at its Palmer Copper-Zinc-Silver-Gold JV in southeastern Alaska…the program will feature infill and expansion drilling at the known deposit (South Wall) and will also target the AG zone, a new Silver-Gold-Zinc-rich discovery made last year…AG is 3 km from the South Wall and has yielded the best precious metal drill intersections on the project to date…the zone also includes significant Zinc mineralization as demonstrated by drill intersections of 17.8 m grading 11.3% Zn and 20.4 m grading 9.9%…the AG zone is open along strike in both directions and at depth…

7. Aphria (APH, TSX) announced this morning that it’s moving ahead with a $55 million capital project to build a state-of-the-art Extraction Centre of Excellence in Leamington, Ontario…the facility will be equipped to conduct a wide range of cannabis extractions, including carbon dioxide, butane and ethanol, and produce world-class cannabis concentrates, including fractionated distillates…construction of the new Extraction Centre of Excellence is expected to begin immediately and the facility is scheduled to release its first concentrates by March, 2019…Vic Neufeld, Aphria CEO, stated:  “The Extraction Centre of Excellence will give Aphria a significant competitive advantage in cannabis concentrates, which are expected to be a significant product category. This is the latest example of our continued leadership in cannabis product innovation. Aphria will further its expertise delivering unparalleled innovative products to meet consumer demand. This facility will be the centre of industry-leading R&D and commercial production of next-generation cannabis concentrate products.

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

1. Gold has traded between $1,289 and $1,293 so far today…as of 7:00 am Pacific, bullion is steady at $1,293…Silver is also flat at $16.39…there’s strength in base metals today…Copper has added another 3 pennies to $3.19, Nickel – continuing its hot run – has climbed to $7.08 while Zinc is up 2 pennies to $1.44…Crude Oil (WTI) is 33 higher at $65.42 while the U.S. Dollar Index is up slightly at 94.08…Canadian heavy Crude prices, under pressure in recent months, surged yesterday to narrow the large gap with WTI after Enbridge – the country’s biggest Crude-export pipeline operator – told shippers that it won’t proceed with recently announced rules capping the amount of Crude companies could nominate for transport on its mainline…

2. The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase Oil production by about 1 million barrels a day, according to a Bloomberg report this morning…the rare request came due to concerns about a drop in Iranian exports due to renewed U.S. sanctions, and after U.S. retail gasoline prices surged to their highest in more than 3 years last month…President Trump publicly complained about OPEC policy and rising Oil prices as WTI showed signs of potentially pushing through key resistance in the mid-$70’s…OPEC now estimates commercial Oil stocks in its sphere are now 20 million barrels below their 5-year average…however, some OPEC officials are expressing increasing concern about China’s huge and opaque store of Oil and how it needs to be taken into account after being ignored for years…Beijing has been shoring up its Oil reserves as a buffer against potential Oil shocks…local refiners are also scooping up Crude to maintain their ‘use it or lose it’ import quotas…unlike the U.S. and other countries, China doesn’t release data on the size of its Oil reserves…analysts use a variety of methods, including satellite technology, to try and track how much Oil is there…

3. The Dow is off 12 points through the first 30 minutes of trading…the NASDAQ posted a record closing high yesterday for the first time since March 12 on strength in tech stocks as Amazon and Apple climbed to fresh all-time highs…in Toronto, the TSX is up 85 points while the Venture has added 1 point to 763…Colombia continues to grab increasing attention from the cannabis sector…ICC Labs (ICC, TSX-V) announced this morning that it has entered into a pre-sale agreement with a Colombia-based company, Hlessing Industries, to supply cannabidiol and tetrahydrocannabinol derivatives for medicinal purposes in that country…Alejandro Antalich, CEO of ICC Labs, commented, “By taking steps to gain access to the domestic medicinal cannabis market of Colombia, we are very excited to be continuing our expansion plans for Latin America.  We view the Colombian market as having good potential, given that in the last 10 years, its gross domestic product has averaged 4.7% and it has a population of approximately 48 million people. As we are fully licensed for both CBD and THC production within Colombia, we expect to operate within both segments of the domestic medicinal market”…

4. Organigram Holdings (OGI, TSX-V), closing in on a new high, has received an expanded cultivation licence from Health Canada related to its previously announced Phase 3 expansion…once the remaining Phase 3 rooms are on line, the company will have a target production capacity of 36,000 kilograms per year of dried flower equivalent.  “Based on our review of publicly available data we believe we will be one of the top five licensed producers in terms of current production capacity once the remaining rooms from Phase 3 are approved,” said CEO Greg Engel.  “Given our existing inventory, production volume, and consistency and quality of supply, we believe we are well positioned to be a supplier of choice for many of the provincial cannabis boards and private retailers across Canada”…OGI is up 34 cents at $5.34 as of 7:00 am Pacific, less than 40 cents below its all-time high…

5. Seabridge Gold (SEA, TSX) has commenced lower elevation geotechnical and confirmation drilling at its KSM Project in the Eskay Camp…3 additional rigs will be added when snow conditions permit…in total, Seabridge is budgeting nearly $20 million for drilling and surface work in the 2018 exploration program…one of the key objectives this summer will be to test the down plunge projection of the high-grade core zone of the Iron Cap deposit to the west of the current resource…Seabridge Chairman and CEO Rudi Fronk commented, “This is an aggressive program at KSM.  We believe that Iron Cap has considerable room to grow and its superior grade and proximity to planned infrastructure could have a major impact on KSM economic projections”…

6. Pure Gold Mining’s (PGM, TSX-V) recent underground drilling continues to successfully delineate initial mining shapes that will underpin the early years of production at the Madsen Gold Project in the Red Lake District…tightly spaced drilling of the bulk sample area in the McVeigh domain has defined a wide mineralized structure with an internal zone of high-grade Gold mineralization that exhibits strong vertical and lateral continuity…intercepts include 22.1 m grading 57.1 g/t Au, including 1,175 g/t Au over 1 m, in drill hole PGU–0109…several mineralized structures have been intersected with very encouraging results that should upgrade parts of the mineral resource…new ramp development is underway, providing access to these mining shapes and to test mining locations in advance of the planned extraction of a 7,200 tonne bulk sample…PGM is up 2 pennies at 66 cents through the first 30 minutes of trading…

7. Ventripoint Diagnostics (VPT, TSX-V) is up in early trading after announcing that the #1 ranked cancer center in the United States, MD Anderson Cancer Center in Houston, Texas, has ordered the VMS+ complete heart analysis system for use in clinical evaluations of cancer patients…“With our recent market clearance from the FDA, the doctors at MD Anderson will be using the VMS+ to monitor cardiac function in cancer patients,” commented Desmond Hirson, President of Ventripoint….according to the Centers for Disease Control and Prevention, there are 23 million people in the U.S. diagnosed with cancer and these patients visited their physicians 25 million times in 2015…there are over 1,500 cancer centers in the U.S. which monitor these existing patients and treat over 1.7 million new patients annually…

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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 $1,290 and $1,299 so far today…as of 7:00 am Pacific, bullion is up $4 an ounce at $1,297…Silver has added 12 cents to $16.50…Nickel, coming off a powerful week, climbed as high as $7.03 in early trading but is now off 5 cents at $6.92…Copper is up 2 pennies at $3.15, Zinc is steady at $1.40 while Cobalt has retreated to $40.37…Crude Oil (WTI) is flat at $65.82 while the U.S. Dollar Index is down slightly at 94.04…a third round of China-U.S. trade negotiations ended in Beijing yesterday without a breakthrough…Commerce Secretary Wilbur Ross and China’s Vice Premier did not issue a joint statement after they wrapped up 2 days of discussions…the previous round of talks, held in Washington in mid-May, ended with only a vague promise by Chinese officials to “substantially” reduce their country’s trade surplus with the United States…President Trump has astutely put trade and economic issues at the top of the agenda for the G-7 Summit in Quebec later this week after slapping tariffs on Canada, Mexico and the EU, disrupting Prime Minister Trudeau’s “gender and feminism” agenda…Trudeau earlier had stated, “As host of the G7, Canada will be in a unique position in 2018 to advance our priorities, including gender equality….this topic will be at the top of the agenda…and I look forward to working with my counterparts to promote gender equality, both at home and abroad”…Trump, the billionaire businessman-turned President, is focused like a laser beam on economic issues while Trudeau, the high-school drama teacher-turned Prime Minister, is a social activist who also likes nationalizing Oil pipelines…that may help explain why Canada’s GDP lags so far behind U.S. GDP at the moment…

2. Oil analysts and investors are looking ahead to the Energy Information Administration’s (EIA) short-term energy outlook, due tomorrow…the prospect of OPEC and Russia expanding their Oil production in the 2nd half of the year has put downward pressure on Crude but charts show very strong price support in the mid-to-upper-60’s…OPEC meets June 22 in Vienna…meanwhile, U.S. Crude production has jumped to a record weekly high of 10.47 million barrels a day…at the same time, the number of rigs drilling for Oil in the U.S. – a proxy for activity in the sector – was up by 2 last week to 861, according to Baker Hughes…

3. In what is being referred to as an “unprecedented” move, a well-known Gold bull and the man behind the U.S. hedge fund Paulson & Co, John Paulson, is creating an investor alliance that will work on turning the Gold mining sector around, according to a report from Reuters…this appears to be an industry wide shakeup effort led by a coalition of major shareholders…the alliance will be named the Shareholders Gold Council (SGC) and will consist of major investors who will be looking into how to improve returns of Gold mining companies…some of the big names include Delbrook Capital, Livermore Partners, Tocqueville Asset Management, Kopernik Global Investors, Adrian Day Asset Management, Apogee Global Advisors and Equinox Partners…two other huge names – BlackRock and Van Eck Associates – are currently in discussions to join the group…the launch date is set for later this month…“The alliance is unusual because there is no similar group of investors targeting a specific sector, activism experts say,” Reuters reported…

4. The Dow is up 209 points as of 7:00 am Pacific…most troubling for Democrats about Friday’s strong jobs report is that the biggest job gainers have been groups that have historically suffered from stubbornly high levels of unemployment, including younger workers, black workers and so-called marginally attached workers, whose employment is tracked by the Bureau of Labor Statistics with the so-called U-6 rate…in Toronto, the TSX is up 75 points while the Venture has added 1 point to 767…GT Gold (GTT, TSX-V) announced this morning that it’s mobilizing crews for the start of drilling at its Saddle South high-grade Gold discovery in northwest B.C., about a 2-hour drive north of the Eskay Camp…initial drilling with 2 rigs will simultaneously step out west and east of the high-grade near-surface Gold zone defined at Saddle South last year through abundant multi-gram intercepts including 51.5 g/t over 6.95 m…the 425 sq. km Tatogga Project includes a “triangle” of deposit opportunities featuring Saddle South, Saddle North (Gold-Copper porphyry) and Quash-Pass approximately 7 km to the south which features many of the same geological, geochemical and geophysical characteristics as Saddle South…First Cobalt (FCC, TSX-V) has completed its previously announced acquisition of US Cobalt (USCO, TSX-V) by way of plan of arrangement…US Cobalt shareholders will receive 1.5 common shares of First Cobalt for each US Cobalt share held and US Cobalt has become a wholly-owned subsidiary of First Cobalt...the deal increases FCC’s outstanding share total to more than 300 million, giving it a market cap in excess of $200 million…

5. Canada Cobalt (CCW, TSX-V) is up another 3.5 cents to 48.5 cents as of 7:00 am Pacific…CCW has become the hottest Cobalt stock in Canada after news late last week that the company’s proprietary Re-2OX process has recovered 99% of Cobalt and 81% of Nickel from gravity concentrates while also removing 99% of arsenic in testing carried out by SGS Lakefield…the next stage for CCW is to create client-specific Cobalt formulations for battery sector clients in China…in addition, Canada Cobalt is about to become the first company to drill underground for high-grade Cobalt in Canada since the Cobalt rush started 2 years ago…CCW’s past producing Castle mine was a source of extremely high-grade Silver going back to the early 1900’s with significant mining operations carried out by Agnico Eagle in the 1980’s…the Cobalt that was visible throughout 11 levels of the mine was mostly untouched, however…

6. Bonterra Resources (BTR, TSX-V) is up slightly in early trading after releasing the latest drilling results from a continuing resource development program at the Gladiator Gold deposit, including an intersection of 34.3 g/t over 2.8 m which further extends the south zone to the west by approximately 50 m…encouraging assay results from 10 recent drill holes have extended the known dimensions of the mineralization in multiple zones westward and to surface at the Rivage Gap area…“Our winter drill campaign has been completed and was successful in expanding and defining the Gladiator Gold deposit,” stated Nav Dhaliwal, President and CEO.  “We are now excited to commence our spring and summer drill program, which will focus on further definition of the deposit for the upcoming resource update in the latter part of 2018, but to also test regional priority targets to the southwest and northeast.” 

7.  Malaysia’s state-owned Petronas is joining the Shell-led LNG Canada Project proposed for northwest British Columbia, though B.C. Green Party leader Andrew Weaver has voiced strong opposition to an LNG industry in the province…Petronas walked away from its own LNG project in B.C. just one week after the NDP took office…though the New Democrats felt vindicated by the news, major obstacles need to be cleared before the LNG Canada partners reach the threshold for a final investment decision expected later this year…the LNG Canada Project could be an issue that breaks up the marriage between the NDP and the Greens and throws British Columbians into a new election…

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Focus on the “market within a market” to boost your trading/investment success in June…