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1. Gold rallied to its highest level in 5 weeks yesterday but has backed off on profit taking today…as of 7:00 am Pacific, bullion is down $11 an ounce at $1,342…holdings of SPDR Gold Trust, the world’s largest Gold-backed exchange-traded fund, fell 0.38% to 847.30 tonnes yesterday from 850.54 tonnes on Friday…Silver has slipped 15 cents to $16.52…the record net short positioning and possible short-covering activity in Silver could make the metal a particularly strong performer during the next leg up in precious metals, according to TD Securities…base metals are up slightly…Copper and Nickel are each up 2 cents at $2.99 and $5.87, respectively, while Zinc has added a penny at $1.49…Cobalt has eased off 34 cents to $42.75…Crude Oil is down 14 cents at $65.41 while the U.S. Dollar Index is flat at 89.05…

2. U.S. consumer confidence declined moderately in March, slightly missing expectations, after reaching an 18-year high in February according to data released this morning by the Conference Board.  “Consumers’ assessment of current conditions declined slightly, with business conditions the primary reason for the moderation.  Consumers’ short-term expectations also declined, including their outlook for the stock market, but overall expectations remain quite favorable.  Despite the modest retreat in confidence, index levels remain historically high and suggest further strong growth in the months ahead,” the Conference Board stated…

3. Crude Oil has climbed by more than 7% so far this month and by 5.3% in the first 3 months of the year, putting it on track for a 3rd consecutive quarterly gain, something the market has not witnessed since late 2010…strength in WTI and Brent is due to 3 factors: 1) A stable OPEC output level thanks to impressive compliance with an Oil supply-cutting deal; 2) Supply-side geopolitical developments in Venezuela, Libya and Iran, the most acute of which is Iran; and 3) Bullish chart dynamics…all of this is helping to offset a continued rise in U.S. Crude production which has grown by nearly 25% in under 2 years to above 10 million barrels per day…it’s important to note that Canada is lagging behind its competitors in the Oil sector as Western Canadian select prices are badly trailing WTIC and are in fact down sharply this year because of a lack of pipeline capacity, a serious problem that is costing the national economy at least $50 million a day…politicians don’t seem to care, however, as the international perception of Canada as an Oil leader erodes…even Canadian institutions are now skeptical about investing in the Oil and gas sector in Canada, thanks to the lack of export pipeline space, Canada’s failure to match U.S. reductions in corporate taxes, higher personal taxes north of the border, and numerous reviews and changes to regulatory systems that create uncertainty…ENOUGH IS ENOUGH…concerned Canadians can make a difference, and can start to take their country back, beginning with phone calls and letters of complaint to their local MP’s…

4. The fact that Wacky Weaver’s Green Party in British Columbia opposes the development of a robust LNG industry in the province (in addition, of course, to the critically needed expansion of the Kinder Morgan pipeline) defies all logic…more evidence of that today as the Financial Post’s Claudia Cattaneo wrote this morning that a new report has found that First Nations in B.C. support the establishment of a liquefied natural gas sector, further discrediting the green movement’s false narrative that Canada’s Indigenous communities are opposed to fossil fuel projects…according to a joint report co-authored by the B.C. government and the First Nations LNG Alliance, the nascent sector enjoys such high Indigenous support that many are in fact upset that projects haven’t been built yet.  “There have been many positive impacts to First Nations communities related to LNG development, prior to any construction,” according to the report, made public yesterday. “Much capacity has been created due to these projects.  However, expectations have also been raised.  Now, First Nations leaders are trying to deal with their constituents’ frustration because of the delays or cancellation of these projects.”  If Ontario Premier Kathleen Wynne is the most dangerous woman in Canada, as best-selling Canadian author Jordan Peterson rightly claims, then Andrew (Wacky) Weaver is the most dangerous man…his actions are almost treasonous as he has consistently participated in foreign-funded, foreign-orchestrated smear campaigns against Canadian jobs related to the resource sector…he’s also against the largest proposed industrial project in B.C. history, a possible $40 billion investment by LNG Canada, for fear it will “add 8 to 10 megatonnes of greenhouse gas emissions”…

5. The Philippines’ mining council has again pushed back the deadline for completion of a review of 26 mines ordered shut or suspended last year…former Environment Secretary Gina Lopez, a favorite among climate change activists in Canada, ordered the closures as part of a mining crackdown led by President Rodrigo Duterte…the new delay means the review likely won’t be completed until August or September, according to a Department of Finance statement today, after an initial pledge to finish it by the end of last year…the miners have appealed the shutdowns and are still operational, so Nickel from those mines is still making its way into the market…the Philippines is the world’s 2nd-largest exporter of Nickel behind Indonesia…

6. The Dow enjoyed its biggest point gain in a decade yesterday while the NASDAQ recorded its best point gain in 17 years…in percentage terms, it was the best advance in the U.S. equity markets in nearly 3 years as the Dow surged 669 points while the NASDAQ climbed 228 points…as of 7:00 am Pacific, the Dow is up 54 points while the NASDAQ has edged slightly higher…in Toronto, the TSX is down 34 points while the Venture has slipped 3 points to 813…Cobalt 27 (KBLT, TSX-V), closing in on its $14 high from last November, has launched a Mandarin Chinese website…KBLT Chairman Anthony Milewski commented, “As our business continues to expand, many of the automakers, OEMs, battery manufacturers and investors who are expressing interest in Cobalt 27, are located in China and the broader Southeast Asia Region.  With the launch of our Chinese language website, we hope to further broaden the reach of our audience within the region and globally.  We believe our company is becoming of strategic interest to a large group of investors and industry players.”

7. Datametrex AI (DM, TSX-V) has firmed up on news that the company is in the final stages of negotiations with its partner, ABC Solutions, to implement an AI and blockchain solution for the real estate development and infrastructure division for Hyundai Corporation, the second largest conglomerate in South Korea…this opportunity is across Hyundai’s vast worldwide real estate holdings…the Nexalogy AI product, Nexa Intelligence, will be used to analyze the large amount of data gathered across various real estate sites, with a focus on security and Smart City initiatives…the utility and billing information will be collected in a private blockchain platform developed by DM’s subsidiary, Graph Blockchain, giving it greater authentication and verification.  Jeff Stevens, Datametrex President and CEO, stated:  “Hyundai Corporation is a great platform to showcase our AI and blockchain solutions. The opportunity to penetrate many divisions with our partner, ABC Solutions, within Hyundai, will position Datametrex well in the AI and blockchain sector.”

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