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1. Gold has traded between $1,286 and $1,297 so far today as it continues to search for a catalyst to break out to $1,300 and beyond…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,292 ahead of a no-confidence vote in the British Parliament following yesterday’s defeat of Prime Minister Theresa May’s Brexit deal…Silver is steady at $15.56…key breakout point is $15.75…Copper is up slightly at $2.68…Nickel is off 3 cents at $5.24 while Zinc is 2 cents higher at $1.13…Crude Oil has retreated slightly to $52.02…U.S. Crude output is expected to climb to a new record of more than 12 million barrels per day this year, the Energy Information Administration reiterated yesterday, adding that the U.S. will become a net Crude exporter by late 2020…the U.S. Dollar Index is relatively unchanged at 96.01…in economic data, builder sentiment rose modestly in January on a monthly index from the National Association of Home Builders…this came after 2 months of sharp drops in sentiment to the lowest level in more than 2 years…U.S. retail sales were supposed to be released today but the partial U.S. government shutdown has nixed that…

2. China’s central bank today pumped a net 560 billion yuan ($83 billion) into its banking system – a record amount of money injected in 1 day –  in a sign that officials there are determined to prop up a slowing economy…the yield on the 10-year Chinese government bond fell below 3.1%, its lowest in more than 2 years…“At present, it is the peak of the tax period, and the total liquidity of the banking system is declining rather quickly,” the People’s Bank of China said in a statement on its web site…liquidity, or the ease by which assets can be turned into cash, is particularly important for companies needing to pay taxes while maintaining regular operations…for more than a year, many Chinese businesses have already been struggling with sluggish economic growth, increased financing difficulties and greater obligations to provide benefits for employees…the Chinese New Year holiday, when most companies shut down for at least a week, is also less than 3 weeks away…according to financial database Wind, the previous single-day record for cash injections into the Chinese banking system came in January 2016 when the country’s economy was also experiencing difficulties…if you recall, that was an historically astute time to be investing in commodities…China will take whatever extraordinary measures it has to in order to kick-start its economy…

3. A solid majority of Canadians are calling the lack of new Oil pipeline capacity in the country a “crisis”, according to Angus Reid…the institute surveyed 4,024 Canadian adults between December 21 and January 3 and found that 58% affirmed that the lack of new Oil pipeline capacity constitutes a crisis, while 42% says it does not…responses varied widely across the provinces, with a high of 87% of Albertans polled calling it a crisis while, at the low end, only 40% of Quebecers had a similar sentiment…that’s ignorance, really, on the part of many Quebecers who are obviously unaware of the contribution Alberta’s Oil industry has made to the tens of billions of dollars their province has siphoned from the federal government in “equalization payments” (welfare) over the years (more than $13 billion will be paid to Quebec in 2019, far exceeding payments to any other province)…meanwhile, in another example of Quebec’s glaring hypocrisy, new Premier Francois Legault recently stated how there was no “social acceptability” in his province for a “dirty energy” pipeline in Alberta…yes, Alberta Oil is “dirty energy” according to the misinformed Legault, but his province has eagerly grabbed the money from that “dirty energy” to fund its expensive social programs and infrastructure projects at the same time as it imports Oil from Saudi Arabia – the ultimate in hypocrisy…Oil from Alberta is “dirty” (of course that was also Obama’s lie for 8 years) but Oil from Saudi Arabia is perfectly okay?…furthermore, even though Quebecers are viewed across the country as “environmentally conscious”, they are (per capita) some of the highest consumers of energy on the entire planet according to a report prepared by researchers at Universite de Montreal’s business school…

4. B2Gold (BTO, TSX) has reported its 10th straight year of record annual production – 953,504 ounces of Gold for 2018 is near the top end of revised guidance…this also led to a dramatic 92% increase to $1.2 billion (U.S.) in consolidated Gold revenue…B2Gold will release its full 2018 year-end financials on March 12 and says it expects to be at the lower end of its cost guidance ranges for consolidated cash operating costs of between $505 and $550 per ounce and consolidated AISC of between $780 and $830 per ounce…the company also says it has reduced its total debt outstanding to approximately $480 million from $700 million at the beginning of 2018…B2Gold expects to produce up to 975,000 ounces of Gold in 2019 but it’s also forecasting a 6% increase in AISC over 2018 guidance…meanwhile, an exploration budget of approximately $43 million for 2019 will focus mainly on West Africa and around its existing mines…B2Gold now has 5 operating Gold mines and numerous exploration and development projects in various countries including Nicaragua, the Philippines, Namibia, Mali, Burkina Faso, Colombia and Finland…

5. Atlantic Gold’s (AGB, TSX) Moose River consolidated Gold mine (MRC) in Nova Scotia produced 90,531 ounces of Gold in its first year of operations in 2018, slightly exceeding guidance as the company reported this morning…Atlantic Gold is forecasting 2019 production in a range between 92,000 and 98,000 ounces at impressive all-in-sustaining costs between $695 and $755 CDN ($521 too $566 U.S.), though the company has planned for a lower production rate in Q1 at higher than average cash costs and AISC due to a range of factors including a mill liner change…meanwhile, AGB continues to compile assay results from its drilling programs completed in late 2018 at Touquoy, Fifteen Mile Stream, Cochrane Hill and the 149 deposit…based on exploration success at the different projects to date, Atlantic plans on continuing its exploration activities throughout 2019…updated resource and reserve estimates plus the combined life-of-mine plan (LOM) are scheduled for release late this quarter…

6. The Dow is up 138 points through the first 30 minutes of trading…Goldman Sachs posted blowout quarterly earnings, sending the stock up strongly…Bank of America also jumped after reporting a record quarterly profit…Morgan Stanley, another major bank, is scheduled to report tomorrow…in Toronto, the TSX is up 53 points with Aurora Cannabis (ACB, TSX) the volume leader in early trading as the stock continues to push higher following a technical breakout and news…the Venture has lost a point to 597…investors are itching for some exciting news on the exploration front ahead of some key conferences in Vancouver, and there are certainly several plays that could provide that…Great Bear Resources (GBR, TSX-V) is one of them, and the stock was halted pre-market pending news…

7. RNC Minerals (RNX, TSX) has closed its previously announced bought deal and concurrent private placement financing, raising total gross proceeds of $9 million at 46 cents per share…6.5 million shares of the PP were taken by Eric Sprott who now owns or controls 47.7 million shares or approximately 10.2% of the company…RNC has a 100% interest in the producing Beta Hunt Gold mine in Western Australia where a significant high grade discovery – the “Father’s Day Vein” – was made last fall…the company has initiated a 40,000-m drill program on near-mine exploration targets focused on the Father’s Day Vein area, results of which will be incorporated into an updated NI-43-101 resource estimate targeted for the 2nd quarter of this year…Beta Hunt Gold resource potential is underpinned by multiple Gold shears with Gold intersections across a 4-km strike length open in multiple directions adjacent to an existing 5 km ramp network…technically, RNX has gone through a healthy consolidation and now appears to be gearing up for a move out of its current strong support zone in the mid-to-upper-40’s…

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