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Check Back Later This Morning For Today’s Morning Musings.

1. Two days before the Federal Reserve is widely expected to raise interest rates for just the 2nd time in nearly a decade, Gold dipped as low as $1,151 overnight before bouncing back…as of 7:00 am Pacific, bullion is up slightly at $1,160…Friday’s trading marked the 20th consecutive session of Gold ETF outflows, totaling 164 tons of the metal since November 10…meanwhile, Axis Bank Ltd., India’s top importer of Gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering…the move is likely to further curtail imports by the world’s second-biggest Gold consumer…

2. Oil prices have surged to a new 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices…on Saturday, producers from outside OPEC, led by Russia, agreed to reduce output by 558,000 bpd, short of the target of 600,000 bpd but still the largest contribution by non-OPEC ever…WTI is up $2.31 at $53.81 as of 7:00 am Pacific while the double long HOU Crude Oil ETF on the TSX has added 69 cents to $9.20…

3. The Venture’s new uptrend from its November low is gaining traction with the Index up 5 points at 754 as of 7:00 am Pacific…a key band of resistance exists between 770 and 784…the Dow, which has had 21 winning sessions out of 25, is up again in early trading while the TSX has added 46 points…

4. BMR has learned that Tahltan leader Chad Day has been suspended from his employment with pay by the Tahltan Central Government as the TCG initiates an investigation into a “complaint” against the Tahltan leader…the nature of that complaint and who it was made by have not been revealed…a potential change at the top of Tahltan leadership would be a welcomed development in some quarters of the B.C. exploration industry after some controversial moves by Day have spooked investors since he was first elected in 2014…Day also irritated top officials in the provincial government with his antics in the summer of 2015 when he led a protest against drilling in the Sheslay district in an attempt to gain leverage over the government in negotiations with the province over a potential new Shared Decision Making Agreement with the Tahltan…

5. Doubleview Capital (DBV, TSX-V) has completed 5 diamond drill holes at the Hat Gold-rich Copper Porphyry Project in the Sheslay district…a total of 2,020 m of drilling was directed toward the northern part of the Lisle Zone while also testing for the first time very prospective areas of the broad Hat porphyry corridor – the western part of Anomaly E located immediately northeast of the Lisle Zone, and the northwest edge of Anomaly F, more than 1 km south of the deposit…results are pending…

6. The Venture’s newest cannabis stock, Emblem Corp. (EMC, TSX-V), began trading this morning…it’s at $3.49 as of 7:00 am Pacific…Emblem was formed out of a reverse takeover of Saber Capital with $22 million raised at $1.15 per share…

7. Altai Resources (ATI, TSX-V) is again one of the volume leaders on the Venture this morning, up 3 pennies at 13 cents as of 7:00 am Pacific…meanwhile, Power Metals (PWM, TSX-V), the former Aldrin Resources, has come to life with a gain of 3 cents to 16.5 cents through the first 30 minutes of trading after announcing two advisory board appointments and that the company is reviewing a number of opportunities in the Americas in specialty metals that are benefiting from the burgeoning battery and energy storage markets…