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Check back later today for an additional post and visit the BMR comments section throughout the day for updates and helpful information.

1. Gold has traded between $1,275 and $1,281 so far today…as of 7:00 am Pacific, the metal is off $5 an ounce at $1,276…Silver has retraced a dime to $17.10…Copper and Nickel have both pulled back slightly after strong gains in recent sessions…they’re at $3.10 and $5.78, respectively…Crude Oil, after enjoying its best session yesterday in 6 weeks, has retreated 27 cents to $57.08 while the U.S. Dollar Index has gained more than one-quarter of a point to 95.02…

2. Fresh tensions between Iran and Saudi Arabia enabled Crude Oil to touch nearly a 2-and-a-half-year high yesterday…the Saudi-led coalition fighting against the Iran-supported Houthi movement in Yemen said it was closing all Yemeni air, sea and land crossings after a missile was fired towards Riyadh over the weekend..Saudi Arabia and its Gulf allies have said they see Iran as responsible for the Yemen conflict, and Saudi Foreign Minister Adel al-Jubeir said his country reserves the right to respond to Iran’s “hostile actions”…there’s little doubt Iran is a major destabilizing force in the Middle East and the ratcheting up of tensions should help keep a floor under Oil prices…

3. Markets in Japan, Hong Kong, Taiwan and Australia have all hit multi-year highs, supported by the climb in energy and materials companies…Japan’s Nikkei rose 1.7% today to levels last seen in early 1992 while Hong Kong’s Hang Seng has hit a 10-year high, supported by gains in Chinese Oil majors…Taiwan’s Taiex is at its highest since 1990…meanwhile, Australia’s benchmark has hit its best levels since early 2008, aided by commodities, with roughly one quarter of the index comprising energy and materials companies…

4. Canadian miner Centerra Gold (CG, TSX) is buying smaller rival AuRico Metals (AMI, TSX) in a deal valued at $310 million (CDN)…Centerra offered $1.80 per share in cash, a 38.5% premium to AuRico’s closing price yesterday…Canadian miners have been boosting acquisitions at home as they come under pressure from foreign governments over profit-sharing at crucial mines…Toronto-based Centerra reached an agreement with Kyrgyzstan in September to settle all outstanding disputes over the Kumtor Gold mine, the company’s biggest…earlier this year, Alamos Gold agreed to buy Richmont Mines in a deal valued at about $905 million, creating a top-10 Gold producer in North America…Centerra’s deal will be funded through cash in hand and debt and is expected to close in January…AuRico is developing the Kemess Property in north central British Columbia, a low-cost brownfield development asset that is host to the Kemess underground (feasibility stage) and Kemess East (PEA level) projects…

5. The Dow, S&P 500 and Nasdaq all closed at all-time record highs yesterday…the Dow has added another 48 points through the first 30 minutes of trading today…earnings reports have been generally upbeat, with 6 of the 11 sectors of the S&P 500, led by energy, reporting year-over-year earnings growth, according to FactSet…in Toronto, the TSX is 28 points higher as of 7:00 am Pacific while the Venture has slipped 2 points to 794…Fintech Select (FTEC, TSX-V) is building on its big move yesterday when it provided an update on its POS cryptocurrency solution…Tinka Resources (TK, TSX-V) was halted pre-market, pending news, after the stock closed at its highest level yesterday (74 cents) since April…

6. Drill crews at Jaxon Mining’s (JAX, TSX-V) Hazelton Project have completed vertical drill hole #1 to a depth of 170 m and have relocated 270 m along trend to the second drill pad for holes 2 and 3, as announced by the company this morning…these 3 holes are testing a large 2-D induced polarization high-chargeability anomaly coincident with soil geochemistry anomalies at the southeastern edge of the Max target…this anomaly, called the Hamblin zone, is interpreted to be 300 m long and 80 m in vertical thickness…a total of 13 holes for 2,000 m are planned for this Phase 1 program, covering a number of zones like the Hamblin…Jaxon intends to complete fieldwork and submissions to the lab for assay by the end of November…Jason Cubitt, President and CEO, commented, “We’re thrilled to get our Phase 1 drill program started before year-end at the Max target and I want to take the opportunity once again to congratulate our team and all of our contractors for the excellent work they’ve done mobilizing for this effort.”

7. Thanks to environmental terrorists opposing its Silver mine in Guatemala, Tahoe Resources (THO, TSX-V) has reported a net loss in the 3rd quarter as revenue fell due to closure of the Escobal mine, one of the largest Silver mines in world…the company lists a loss of $8.4 million, or 3 cents per share, compared to income of $63 million, or 20 cents, in the same quarter a year ago…Escobal was shut down in early July as extremists used a license issue to halt operations…the Guatemalan Supreme Court reinstated the company’s mining license near end of the Q3 but the issue must still be resolved by the Constitutional Court…also, extremists near the town of Casillas are blocking a supply road connecting Guatemala City to San Rafael Las Flores and the Escobal mine…Tahoe listed no Silver output in the 3rd quarter compared to 5 million ounces in the same period a year ago…

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