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1. Gold has traded between $1,243 and $1,258 so far today…as of 7:00 am Pacific, bullion is off $9 an ounce at $1,247 after hitting a wall again yesterday at its 200-day moving average (SMA) around $1,260…U.S. private payrolls rose by 263,000 last month, well above a consensus estimate of 185,000, which put some pressure on Gold over the last 90 minutes while equity markets have blasted higher…the greenback, however, has hardly budged…the ADP report serves as a preamble for the Labor Department’s monthly employment data which will be released Friday morning…Silver has retreated slightly to $18.20…the strong ADP report has given base metals a boost…Copper has advanced 6 cents to $2.67, Nickel has gained 12 cents to $4.62 while Zinc is up 3 pennies to $1.26…meanwhile, Cobalt prices have climbed to $25.40, levels not seen in about 9 years…

2. Defiant and provocative North Korea fired a ballistic missile today from its coast into the sea off the Peninsula, just a day ahead of the start of a 2-day meeting between President Trump and Chinese President XI Jinping in Florida…if China doesn’t get on board with the U.S. and use its influence with North Korea to reign in that regime, expect a unilateral military response by the Trump administration…Secretary of State Rex Tillerson, signaling that American patience with North Korea has run its course, stated, “North Korea launched yet another intermediate range ballistic missile. The United States has spoken enough about North Korea. We have no further comment.”

3.  Nervous nellies in Oil got sucked out of their positions in the upper $40’s late last month, despite a chart that showed exceptional support at $46 for WTI, while traders were also ignoring bullish demand fundamentals…this morning, Crude hit a 4-week high of nearly $52 a barrel…the American Petroleum Institute, an industry group, said late yesterday that its own data for the week showed a 1.8 million barrel fall in Crude supplies, a 2.6-million barrel decrease in gasoline stocks and a 2 million-barrel reduction in distillate inventories…the U.S. government will release its official data within the hour…

4. The Venture is holding steady at 822 in early trading with strength in Oil and base metals offsetting the modest drop in Gold…we’ll have an updated Venture chart in today’s Morning Musings that gives powerful new evidence of the “coming move”…Colorado Resources (CXO, TSX-V) is up 2 pennies at 30 cents after reporting excellent results, including 25 feet grading 9.75 g/t Au, from its first round of drilling at its Green Springs Gold Property in Nevada…in Toronto, the TSX is up 59 points while the Dow has soared 143 points as of 7:00 am Pacific…

5. EnGold Mines (EGM, TSX-V) has pushed above key resistance in the mid-to-upper-40’s after releasing details following a pre-market trading halt on important new gravity signatures over a broad area around a new drilling discovery at its 100%-owned Lac La Hache Property in the Cariboo region of British Columbia (geologists used gravity anomaly data in targeting discovery drill hole G16–01 that returned 26.6 m grading 1.76% Cu)…the most significant of the new anomalies is located approximately 2.5 km northwest of G16–01 and has returned values exceeding 3 milligals, which is 3 times higher than values reported to date, and is approximately 1,000 m by 500 m at the 2.5-milligal level and higher…another strong gravity anomaly has been identified 1.2 km southeast of the discovery hole…assay results for 2 step-out holes, 50 m to the east and 50 m to the west of G16–01, are expected shortly…both holes were reported to be as visually impressive as G16–01…

6. Osisko Mining (OSK, TSX) has reported significant high-grade Gold intersections in more drill hole results released this morning for a new discovery area (Lynx Zone) east of the main Windfall deposit mineralized zones…drill hole OSK-W-799 returned 63.8 g/t Au over 4.4 m and 50.9 g/t Au over 4.6 m…OSK-W-16–792 cut 42.1 g/t Au over 9.2 m while OSK-W-788 hit 17.0 g/t Au over 17.3 m…OSK is up 18 cents at $5.25 as of 7:00 am Pacific…on trend to the southeast, Bonterra Resources (BTR, TSX-V) is within shouting distance of a new 52-week high as the company continues to enjoy success at its Gladiator Gold Project…we’ll have an update on BTR in today’s Morning Market Musings…

7. The world’s first marijuana ETF has been launched…Horizons ETFs Management (Canada) Inc. has launched the Horizons Medical Marijuana Life Sciences ETF which begin trading on the TSX this morning under the ticker symbol HMMJ…HMMJ is the first ETF in the world that offers direct exposure to North American-listed stocks that are involved with medical marijuana bioengineering and production…it’s trading at $10.45 in its debut after 30 minutes…

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