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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 $1,219 and $1,227 so far today, just hours from a Fed statement following the central bank’s 2-day meeting…as of 7:00 am Pacific, bullion is off $3 an ounce at $1,223…Silver has retreated 15 cents to $14.39…Copper, Nickel, Zinc and Cobalt are all relatively unchanged at $2.80, $5.31, $1.15 and $22.91, respectively…Crude Oil has slid another 55 cents to $61.12…President Trump made it quite clear in a news conference yesterday that he’s determined to keep Crude prices at non-inflationary levels…the U.S. Dollar Index has fallen one-tenth of a point to 96.08…the Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends later this morning…still, investors will be parsing the statement the Fed will issue at 11:00 am Pacific for any sign that it might be rethinking its probable pace of credit tightening in the coming months…so far this year, the central bank has raised rates 3 times…China recorded a trade surplus of $31.78 billion with the U.S. in October, down from a record $34.13 billion in September…the country’s cumulative trade surplus with the U.S. in the first 10 months of the year is $258.15 billion…world stocks scored an 8th straight session of gains today, their longest winning streak of the year…

2. October was a record month for Chinese Crude imports with analysts noting that the largest buyer of Iranian Crude may have stocked up before U.S. sanctions on Tehran kicked in this week…China imported 9.6 million barrels on average for the month, according to customs data released this morning…U.S. Crude inventories rose 5.8 million barrels in the week ended November 2, according to the latest Energy Information Administration (EIA) data…earlier this week the EIA also increased its 2019 U.S. production forecast to 12.1 million barrels a day, versus an average of 10.9 million barrels a day this year…meanwhile, there could be fresh problems for a Canadian export pipeline following Tuesday’s midterm elections after Gretchen Whitmer, another far left Democrat, won Michigan’s governor’s race…she has vowed to shut down the critical Line 5 Enbridge pipeline…

3. President Trump’s sudden firing of Attorney General Jeff Sessions after a news conference yesterday sent shares across the marijuana sector soaring late in the trading session…the industry viewed Sessions as a major obstacle to cannabis legislation, but what will the views of his Republican successor be?…in January, Sessions issued a memo on marijuana enforcement that rescinded the Obama-era policy of non-interference with marijuana-friendly state laws…that memo unleashed a bipartisan backlash, resulting in the STATES Act – a bill introduced by Democratic Senator Elizabeth Warren and Republican Senator Cory Gardner that pledged to prevent federal interference with states that have legalized cannabis…recreational cannabis will soon be legal in 10 U.S. states, the latest being Michigan after Tuesday’s midterms…meanwhile, another Sessions who has been a thorn in the side of the marijuana sector is also out of the picture now – Republican Pete Sessions (no relation to Jeff Sessions), a Congressman since 1997, lost his bid Tuesday to continue representing Texas as he lost out to Democrat Colin Allred, a former NFL player…Sessions was once named Washington’s “most powerful anti-pot official”…he used his position as chair of the House rules committee to prevent as many as 3 dozen proposed laws that would help the cannabis industry from reaching the House floor for debate and eventual vote…

4. Mexico is gearing up for cannabis legalization – the country’s next interior minister will introduce legislation to Congress to regulate the production and use of cannabis, making Mexico the most populous country to end prohibition of marijuana…Olga Sanchez Cordero, a senator who has been named as the future interior minister by leftist President-elect Andres Manuel Lopez Obrador, has drafted legislation, with input from a range of human-rights, justice-reform and public-security organizations, that will permit the cultivation and use of marijuana for medical and recreational purposes, and the development of a medical and industrial cannabis industry that will have Canada as a major export target…the incoming government is under pressure to move fast on cannabis because at the end of October, Mexico’s Supreme Court issued a pair of rulings that declared a total prohibition of recreational marijuana consumption unconstitutional…combined with 3 earlier decisions, this created a binding national precedent and made cannabis possession for recreational use de facto legal…Sanchez blamed the militarized war-on-drugs approach of the past 12 years for 235,000 deaths…

5. GT Gold (GTT, TSX-V) announced this morning that it has completed 24,749 m of diamond drilling at its Tatogga Project in northwest B.C. (drilling season is now over)…the original 18,000 m program was expanded following the discovery of Gold-rich porphyry style mineralization at Saddle North which has now been intersected in 12 holes along a strike length of over 600 m, across a width of approximately 500 m, and to a depth of greater than 1,100 m…mineralization at Saddle North remains open along strike and at depth and grades and widths generally appear to increase with depth…results for 8 more holes are pending…meanwhile, mineralization at the adjacent Saddle South Gold system has been extended to well over 1,000 m along strike and remains open to both east and west, and at depth…a new trend with high-grade intercepts was also intersected at depth to the south as announced over the summer…GT Gold has also initiated route planning and permitting for a road to the Saddle area from Highway 37 which would significantly reduce exploration costs…

6. The Dow opened lower after yesterday’s huge advance but is up slightly through the first 30 minutes of trading…in Toronto, the TSX is off 42 points while the Venture has eased off 3 points to 669 after 6 consecutive winning sessions…Aphria (APH, TSX) announced this morning that it has proposed to acquire CC Pharma GmbH, a leading distributor of pharmaceutical products to more than 13,000 pharmacies in Germany…the transaction, expected to close in January, will strengthen the company’s end-to-end medical cannabis operations and infrastructure in Germany, a key market in Aphria’s international expansion…Kinross Gold (K, TSX) reversed to a loss in the 3rd quarter as production and Gold prices fell…excluding special items, the company listed an adjusted net loss of $48.4 million, or 4 cents per share, vs. adjusted net earnings of $84.1 million, or 7 cents, in the same period a year ago…Torex Gold (TXG, TSX) has reported net income of $23.9 million (U.S.) in Q3 after record quarterly production of just over 100,000 ounces of Gold…

7. Datametrex AI (DM, TSX-V) is active again this morning with more news…DM and associate company Graph Blockchain have had several discussions with a multinational conglomerate to provide blockchain and systems integration solutions for the safe and secure importation of Canadian beef throughout its global organization, as announced by DM this morning…the solution will focus on the logistics around foreign beef importation into countries with an emphasis on areas such as quality assurance of products, delivery, payments and quotas…the company was recently invited to the Canadian Embassy in Seoul, Korea, to meet with senior officials of a multinational conglomerate, as well as counsellors from the Canadian Ministry of Trade and the Ministry of Agriculture to further discuss how each party can work together to increase trade between Canadian beef suppliers and this group globally…“This represents a fantastic opportunity for both Datametrex AI and Graph Blockchain as both companies will work together to provide the solution and integration of this innovative platform.  We are thrilled to work with the Canadian governments and their embassy representatives on a solution that will help position Canadian farmers for expansion into new markets,” stated Andrew Ryu, CEO of Datametrex…DM nearly doubled yesterday on total volume (all exchanges) of 20 million shares as the stock closed above its 50-day SMA for the first time since early this year…it’s off half a penny at 9 cents as of 7:00 am Pacific…

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