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Gold has traded between $1,201 and $1,210 so far today…as of 11:00 am Pacific, bullion is up $6 an ounce at $1,203…Silver is flat at $16.77…Copper is off 3 pennies at $2.64…Nickel has fallen 15 cents to $4.61…Crude Oil is 27 cents higher at $52.64 while the U.S. Dollar Index is up more than one-tenth of a point to 101.56…

Inflation-adjusted yields on U.S. government bonds have tumbled over the past month, the latest sign of moderating market expectations for near-term economic growth as the Trump administration prepares to apply a fix to 8 years of over-regulation and over-taxation that have restrained the American entrepreneurial spirit…

So-called real yields, which subtract inflation readings from the 10-year U.S. Treasury note’s yield, have dropped to a recent 0.38% from 0.74% at their mid-December post-election peak…real yields tend to rise with a strengthening economy, so the surge following Donald Trump’s November 8 election signaled an assumption that a global expansion of economic activity was under way…the yield decline and a recent pullback in the greenback suggest that investors are reassessing how quickly an economic boost may gather steam…

“We Need To Phase Out The Oilsands” – Trudeau

The National Post reported this morning that the federal Conflict of Interest and Ethics Commission has launched an investigation into the circumstances of Prime Minister Justin Trudeau’s New Year’s holiday in the Bahamas, the first time a sitting Prime Minister has come under scrutiny by the independent parliamentary watchdog…

However, Canadians should be more concerned about this when it comes to Trudeau:  The former drama teacher is fluent in English and French but his fatal flaw is that he doesn’t speak the language of job and wealth creation at a time when American capitalism is about to return with a vengeance…

It’s an unfortunate fact that Canada’s competitiveness vis-a-vis the United States is going to erode with Trump in the White House and Republicans in control of Congress, particularly in the areas of taxation, investment, business regulation and energy policies, because of unwise choices made at provincial and federal levels in this country…that means a quick “change in direction” is critical or Canadians will have to accept a lower standard of living – “energy poverty”, perhaps, as a grandmother in messed-up Ontario so aptly described to Trudeau at a town hall meeting last week…how could there be such a thing as “energy poverty” in a country such as Canada that is so blessed with rich energy resources?…that’s a very good question and the answer lies in the twisted thinking of many Canadian politicians who have embraced climate change fanaticism, the new global religion headed up by false prophets…

Consider these comments Trudeau made Friday that have angered so many, especially in Alberta:  “You can’t make a choice between what’s good for the environment and what’s good for the economy.  We can’t shut down the Oilsands tomorrow. We need to phase them out.  We need to manage the transition off of our dependence on fossil fuels.  That is going to take time. And in the meantime, we have to manage that transition.”

Oh, really, we need to “phase out the Oilsands“?…while Canada continues to downplay its abundant energy resources and can’t even get pipelines built as countless politicians contribute to the false narrative of how our Oil contributes to the “destruction” of the planet, other countries like the United States are going in a different direction…meanwhile, the International Energy Agency predicts that global Oil demand is going to continue to grow until at least 2040!…

How has Canada lost its way as a nation?…

Oil Update

The United States keeps pumping Oil as fast as it can as the Trump administration gets ready to double-down on America’s energy advantage by loosening regulations and appointing a Secretary of State who’s an Oil Czar…

Goldman Sachs now says it expects year-on-year U.S. Oil production to rise by 235,000 bpd in 2017, taking into account wells that have been drilled and are likely to start producing in the first half of the year…U.S. Oil output is now at 8.95 million bpd, up from less than 8.5 million bpd in June last year and at similar levels to 2014…

In Today’s Morning Musings…

1. What Gold in Canadian dollars is telling us…

2. A northern Quebec exploration play with promise…

3. U-turn on the way for Clean Commodities (CLE, TSX-V)?…

4. Something’s brewing in Silver!…

5. Daniel’s Den – a unique Uranium play…

Plus more…click here to read the rest of today’s Morning Musings and all BMR exclusive content, through a risk-free Pro, Gold or Basic package, or login with your username and password…