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Check back later today for at least one additional posting. BMR Morning Market Musings returns tomorrow.

1. Gold has traded between $1,227 and $1,239 so far today…as of 7:00 am Pacific, bullion is up $4 an ounce at $1,238 as it attempts to overcome key resistance in the mid-to-upper $1,230’s…Silver has added 14 cents to $17.53…Standard Charter said in a note, “The previous two hikes marked cycle lows for Gold, and European election uncertainty, U.S. President Trump’s foreign policies, as well as seasonal demand in India materializing in April are likely to make Q2 the strongest quarter for Gold prices this year.”  The U.S. Dollar Index has fallen half a point to 99.84 as of 7:00 am Pacific…

2. Oil prices are now flat, having trimmed earlier gains which were fueled by expectations that an OPEC-led output deal would be extended beyond June…advances have been capped by concerns about persistently high Crude inventories…according to Reuters, OPEC sources have indicated the group’s members increasingly favour an extension but want the backing of non-OPEC producers who have yet to deliver fully on existing cuts…meanwhile, Crude prices will likely be impacted, positively or negatively, by data to be released later today on U.S. inventories from the American Petroleum Institute (API)…

3. The NASDAQ has hit another record high in early trading as it closes in on the 6,000 level…the Dow and TSX are in the green after the first 30 minutes of the trading but the Venture is flat at 811…the last band of resistance the Index must overcome before a potentially strong new uptrend gains traction is between 817 and 824…

4. Robert Friedland reported this morning that a new step-out hole, drilled 5.4 km west of the present boundary of Ivanhoe Mines‘ (IVN, TSX) rich Kahula deposit, has intersected a relatively shallow, 16.3-m zone of typical Kakula-style, chalcocite-rich Copper mineralization similar to holes drilled in the center of Kahula (assay results expected within 2 weeks)…the discovery hole is 3.8 km west of the current limit of Kakula drilling and 4.1 km west of the last drill hole with returned assays announced January 23 (11.10 m true width of 5.82% Cu beginning at a downhole depth of 993.0 m). “In the mining exploration business, the very idea that a crew would drill a step-out hole almost 4 km away from the last known mineralization is virtually unheard of,” Friedland said.  “Bear in mind that the Kakula Discovery now is vastly larger and more important than it was last year when Kamoa-Kakula was independently ranked among the 10 largest Copper deposits in the world. In fact, the resource estimate that we announced for Kakula last October only covers approximately 40% of the presently defined 10.1-km strike length of Kakula’s mineralized trend.”  IVN has climbed 28 cents to $4.58 as of 7:00 am Pacific, 53 cents below its multi-year high from late last month…

5. Bonterra Resources’ (BTR, TSX-V) recent drilling in the 2017 resource development program at its Gladitaor Gold deposit has identified additional high-grade Gold zones near surface on the west side Rivage Gap extension…drill hole BA-17–05 intersected 5 distinct Gold zones including 2 new zones, and a notable western extension of the FW Zone which intersected 6.0 m grading 41 g/t Au at a depth of approximately 60 m below surface, as announced this morning…the Gladiator deposit remains open in all directions…its drilled dimensions have been outlined to a depth of 800 m below surface with a strike length of 1,200 m…3 drill rigs are currently operating at Gladiator with a 4th drill rig being considered for the on-trend Coliseum Gold Property…BTR is up slightly at 36.5 cents in early trading…

6. Great Gold Thunder (GTG, TSX-V) is active this morning, gaining half a penny to 5.5 cents (31 million shares outstanding) after announcing that it has optioned 52 sq. km in the Urban area of Quebec…the ground adjoins Osisko Mining, Beaufield Resources and Melkior Resources‘ properties along strike and is adjacent to Osisko’s Black Dog Project in the Urban-Barry Gold Camp…GTG has also cancelled its private placement announced in February, announcing a new one at a higher price (5 cents) to raise up to $600,000…

7. Aphria Inc (APH, TSX-V) makes the jump to the “big board” tomorrow as its common shares begin trading on the Toronto Stock Exchange…the symbol (APH) will remain the same.  “Aphria’s listing on the TSX represents a major milestone in our strategic growth plan, helping to increase trading liquidity, access a growing investor base interested in the cannabis industry and raise capital for further investments,” said Vic Neufeld, Aphria CEO.  “As one of Canada’s leading cannabis companies, we are excited about the opportunities in this rapidly growing market to drive shareholder value and continue Aphria’s success story. The TSX is the premier listings destination and this achievement highlights the strength of our experienced management and team, our commitment to providing safe, quality products, and our positive growth trajectory.”

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7 @ 7:00: Respected Gold producer CEO: “I don’t think, in my 20 years, I’ve ever seen the stars so aligned for a better Gold price”