The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
I've been talking a lot recently about China's laser weapon primacy over the United States.China has been using these weapons for years to disrupt U.S. operations around the world, and the ulimate goal is to deploy them against military and infrastructure targets.But America has laser weapons, too.In fact, it was the the Navy that deployed the world's first ever offensive laser weapon - a cannon o...Read More
Gold mining stocks reported mixed-to-upbeat earnings results and benefited these miners' ETFs.Read full newsRead More
Consultation launched as Australia starts to map its bioenergy future The Australian Renewable Energy Agency has started to develop a bioenergy roadmap. This was called for by the government late last year in the wake of the devastating wild...Read full newsRead More
Silver Viper Minerals Corp is pleased to announce that it has entered into a letter of engagement with Eight CapitalRead full newsRead More
Rio Silver is pleased to announce that it has closed the previously announced non-brokered private placement for gross proceeds of $160,000.Read full newsRead More
Fed Chair Powell's bleak comments drove the Dow down over 600 points at its session lowsInvestors were unable to get over Fed Chair Jerome Powell's warnings this morning, as the Dow locked in an over 500-point loss by the close. Many traders are starting to have even more doubts about the surge stocks saw last week in anticipation of an already shaky economic reopening, with Appaloosa Management f...Read More
Disney has lost "powerhouse" status amid the coronavirus pandemic Entertainment and theme park mogul Walt Disney Co (NYSE:DIS) has stepped back from its normal "powerhouse" status amid the coronavirus pandemic, forced to close all theme parks across the globe and halt production on films and television series. This drop-off has triggered the security to fall back below its $200 billion market cap...Read More
Royal Caribbean is offering $3.3 billion in senior bondsThe shares of Royal Carribean Cruises Ltd (NYSE:RCL) are down 5.8% to trade at $34.21 at last check, amid news that the company is offering $3.3 billion in senior bonds, backed by 28vessels and two private islands for collateral. The cruise line plans to use the notes to repay a $2.35 billion loan as well as manage other aspects of the compan...Read More
Commodities and utilities companies breached fund's guidelines on use of coalRead full newsRead More
The Dow is down over 300 points middayThe Dow Jones Industrial Average (DJI) is down over 330 points midday as economic data and increasing uncertainty due to Fed Chair Jerome Powell's comments on potential "downside risks" weigh on the market. As states begin to ease lockdowns, CEO of The Earnings Scout, Nick Raich, wrote that "everything is dependent on the next several months and how successfu...Read More
This will be Draftking's first earnings report as a publicly traded company Online sports and gaming name DraftKings Inc (NASDAQ:DKNG) is barreling towards a new all-time closing high today, up 4.2% at $27.40,after billionaire investor George Soros disclosed a stake in the company last night. The surge comes two days ahead of DraftKings' first-quarter earnings report, due out on Friday, May 15. T...Read More
Occidental Petroleum is offering voluntary buyouts to employeesThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 4.5% at $13.91 at last check, following news that the company is offering their employees voluntary buyouts over the next two weeks -- citing issues and the massive decline in oil prices as a result of coronavirus. OXY posted a roughly $2 billion quarterly loss just last week...Read More
LVS has traded sideways in the last three weeksThe shares of Las Vegas Sands Corp. (NYSE:LVS) are down 1.1% to trade at $45.50, after the casino developer axed its Japanese casino pursuits. Although no specific reason was given, all signs point to the coronavirus pandemic. After the company made quick recoveries in other Asian markets, LVS CEO Sheldon Adelson said in a statement, "It is time for...Read More
Powell also remarked that more fiscal policy will be needed Dow Jones Industrial Average (DJI) futures are sitting right around fair value this morning, giving back sizable gains in the wake of some jarring headlines. First, the U.S. producer price index (PPI) tumbled by a larger-than-anticipated amount for April. But the real pivot came from Fed Chair Jerome Powell in a webcast event, remarking...Read More
Twilio's Programmable Video will power Zocdoc's new telehealth video service The shares of cloud concern Twilio Inc (NYSE:TWLO) are up 1% to trade at $192.16 this morning,right above last night's all-time closing high of $190.29, after announcing that its Programmable Video will power Zocdoc's new free telehealth video solution. The HIPAA-compliant video service will help healthcare professionals...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report the results of a review of the winter 2020 drilling program at the Hurricane zone. A key highlight is the recognition of several areas with excellent potential to expand the mineralization. Discovered in 2018 on the Larocque East property, the Hurricane zone is a recent discovery of high-grade uranium. Laroc...Read More
Independent Test Work Identifies a Range of Targeted End-Uses including:Anode material for advanced Lithium-ion batteriesMicronized graphite for conductivity enhancement applicationsHigh-purity graphite-based coatingsIndustrial synthetic diamondsFire retardant/fire suppressant foamsResults are anticipated to Inform Pre-Feasibility Study, Expected for Completion in Fall 20202020 Annual Meeting of S...Read More
Stocks tend to be more bullish after certain Fibonacci retracementsThe S&P 500 Index (SPX) continues to rally after the coronavirus market crash that started in March. The index, however, is running right into its 61.8% Fibonacci retracement level after being rejected there around the end of April. These levels are accessible on most charting software because they are popular support/resistance le...Read More
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.Read full newsRead More
Raisings by mainly bottom-end juniors in April were down in the order of 30% from the previous corresponding period 12 months ago, with Read More