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

1. Gold climbed to $1,231 overnight, a new 2-and-a-half month high…as of 7:00 am Pacific bullion is holding most of its gains, up $7 an ounce at $1,226 as it begins the new week on a strong note with more safe haven buying despite a rebound in the greenback today…the Dollar Index has pushed back up above 100 with a gain of more than one-third of a point…

2. Crude Oil prices are steady this morning…OPEC supply cuts and rising tensions between the United States and Iran are, for now, being balanced off by ample inventories and signs that higher prices will revive U.S. output…the Trump administration’s new sanctions against Iran, though not affecting Oil output, have raised the possibility of further developments that could hinder export growth in OPEC’s 3rd-largest producer…John’s latest WTI chart and Venture trading patterns suggest Crude could make a significant jump this month…

3. The Venture, aiming for its 7th straight weekly advance, has jumped out of the gate strongly this morning with a gain of 6 points to 825 as of 7:00 am Pacific…this puts the Index within just 23 points of last summer’s high…

4.  The incredible leverage the speculative Venture can offer, especially in a bull market!…Pyng Medical (PYT, TSX-V) has soared nearly 400% this morning on a cash buyout at 30.2 cents (U.S.) from Teleflex Medical Canada Inc., a wholly owned indirect subsidiary of Teleflex…

5. Accumulation continues in Cobalt stocks…LiCo Energy Metals (LIC, TSX-V), which has exposure to both Cobalt and Lithium through advanced properties in northern Ontario and Chile, is up a penny at 18 cents as of 7:00 am Pacific…technical breakouts occurred last week in Cobalt juniors Castle Silver Mines (CSR, TSV-V), CobalTech Mining (CSK, TSX-V) and Cruz Capital (CUZ, TSX-V)…

6. Tinka Resources (TK, TSX-V) has hit a new 52-week high in early trading, touching 39 cents – it’s best level in nearly 2 years…the company is gearing up for a major drill program at its 100%-owned Ayawilca Zinc Project in the heart of the richly mineralized Silver-Lead-Zinc belt of Central Peru…

7. A couple of significant bought deals announced this morning…Osisko Mining (OSK, TSX) is raising $30 million at $3.40 a share while Aphria (APH, TSX-V) is raising $50 million at $5.00 a share…APH has also received conditional approve to move from the Venture to the TSX.  Vic Neueld, APH CEO, stated, “Graduating to the TSX represents yet another important milestone for Aphria as we continue our successful journey as one of Canada’s leading cannabis companies. This achievement comes on the heels of many other important milestones we’ve reached: first public licensed producer to report consecutive positive quarterly operating results; first public LP to report consecutive quarters with net profits; first public LP to license its cultivation intellectual property; diversification with non-cultivation assets; low-cost producer status.”