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1. Gold is up $6 an ounce at $1,332 as of 7:00 pm Pacific as Dow futures are throwing another tariff tantrum…Silver has added 5 cents to $16.41…Copper, Nickel and Zinc are down slightly at $3.04, $5.95 and $1.47, respectively…Cobalt has retreated $2.38 a pound to $39.92…Crude Oil has fallen 44 cents a barrel to $63.10…a new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight Oil, the kingdom’s biggest ever find, its Oil minister said today…that’s equivalent to the entire Oil reserve of Russia, the world’s top producer…more data gathering, evaluation and well testing will be needed to upgrade those resources, or at least a portion of them, to reserves, and production isn’t expected to begin for at least several years…the U.S. Dollar Index is down less than one-tenth of a point at 90.32…

2. Just a small group of Kinder Morgan pipeline protestors outside Vancouver’s Sheraton Wall Center within the last hour prior to an evening speech by Prime Minister Justin Trudeau at a Liberal Party $1,000-a-plate fundraiser…perhaps the Oil haters are starting to figure out that Trudeau is actually on their side…two pipeline projects (Northern Gateway and Energy East) have already crumbled under Trudeau’s tenure, and the PM has been careful to avoid any criticism of the British Columbia government which is violating the constitution through its attempts to block the already approved Kinder Morgan pipeline expansion…meanwhile, the Canadian Energy Pipeline Association warns that instead of restoring trust in Canadian energy regulation, Bill C-69 (the Impact Assessment Act introduced by the Liberals and now making its way through Parliament) ensures that no other major pipeline project will ever be built in Canada…in its submission to a parliamentary committee, the association says, “Currently there is profound uncertainty in advancing new major pipeline projects.  We now have a significant problem as a sector and as a country in accessing new markets for our products around the world.  The development of new projects is grinding to a halt.  CEPA member companies that have material assets in other countries are actively pursuing those opportunities because of the uncertainty and potential implications of further potentially seismic regulatory changes that will directly impact the pipeline sector.  Our sector is suffocating because of it.”

4. The Dow’s 3-session winning streak, its first since late February, will be put to the test tomorrow given the tariff news plus the fact an important U.S. jobs report from the Labor Department will be released 1 hour prior to market open…economists polled by Reuters expect the economy to have added 198,000 jobs in March…yesterday’s private payrolls report by ADP and Moody’s showed stronger growth than that as 241,000 positions were added, the 5th straight month that private payrolls have jumped by at least 200,000.  “The job market is rip-roaring,” stated Mark Zandi, Moody’s Analytics’ chief economist. “Monthly job growth remains firmly over 200,000, double the pace of labor force growth. The tight labor market continues to tighten.”  The big number the markets will be focused on tomorrow, however, is average hourly wages, expected to rise 0.3%…if that number is higher, traders may get inflation jitters again…

5. Cornerstone Metals (CCC, TSX-V) hit a new multi-year high today of 66 cents, closing up 17 cents at 64 cents, as investors reviewed fresh results released yesterday from the company’s Carlin Vanadium Project in Nevada including strong evidence that historic grades were understated…diamond drill hole DDC18–09 specifically twinned a Union Carbide rotary hole (R111A) from 1967 to confirm and compare rotary results (depth, thickness and grade of the high-grade Vanadium unit) to diamond drill core results, besides comparing historic to modern analytical techniques…DDC18–09 compared very well with R111A in the depth and thickness of the high-grade Vanadium unit…interestingly, though, the grade encountered in DDC18–09 (an impressive 1.47% V2O5 over 46.5 m, true thickness) was 65% higher than in the historic rotary hole R-111A…Cornerstone President and CEO Paul Cowley stated, “Many of our verification holes within the confines of the historic resource area have returned higher grades than their neighboring historic holes. Now, with this first twinned hole, there is growing evidence to suggest that historic grades may be understated.”  The Carlin Vanadium Project hosts one of the largest, richest primary Vanadium deposits in North America according to a U.S. Geological Survey (USGS) report from late last year…the deposit currently covers an area 2 km long by up to 700 m wide and can be subdivided into 4 sectors…assay results from 7 more drill holes are still pending…

6. The Dow gained another 241 points today, bringing its 3-day advance to 861 points…in Toronto, the TSX climbed 192 points while the Venture rebounded 7 points to 771…marijuana stocks bounced back today…Aphria (APH, TSX) snapped an 11-session losing skid as it provided an operational update on its Part III expansion of its facility in Leamington, Ontario, which recently received Health Canada approval…Eric Sprott has once again boosted his stake in Garibaldi Resources (GGI, TSX-V) with the company approaching the start of a fresh drill program at its Nickel-Copper-rich massive sulphide discovery at Nickel Mountain in the heart of the Eskay Camp…Sprott, in a private transaction through his privately held company, has added a block of 1 million shares at a price of $2.50 per share…the billionaire investor now beneficially owns or controls 17,318,428 shares and 4,705,562 share purchase warrants (representing approximately 17.1% of the outstanding shares on a non-diluted basis and approximately 20.8% on a partially diluted basis)…GGI closed up 7 cents today at $2.52…Corvus Gold (KOR, TSX-V) pushed higher after reporting results from 3 step-out holes in the northwest quadrant of its Mother Lode deposit in Nevada…assay results showed an expanding Gold system to the north and west with thicknesses and grades continuing to improve to the west, as highlighted in hole ML18–052 with 53.3 m at 1.90 g/t Au and 41.2 m at 1.52 g/t Au…

7. Proceeds from Canadian equity issuance in the first 3 months of 2018 were down 40% compared to the same time in 2017, according to quarterly tallies from Thomson Reuters…the decline had a lot to do with the energy sector which was a big part of last year’s market…none of the banks were credited with raising more than $1 billion in the quarter…despite the surge in independent investment bank activity, TD Securities was the top underwriter of stock sales, followed by Canaccord Genuity and Credit Suisse…

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