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
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Verified thermal energy credits could do for methane capture what renewable energy credits did for wind and solar power.Read full newsRead More
Best Results Include 1.0m Core Length Grading 453g/t Silver and 8.31g/t Gold from Hole LV20-224 and 0.5m Core Length Grading 40g/t Silver and 43.7g/t Gold from LV20-229Read full newsRead More
June-dated crude rose over 19%The Dow extended its midday rally, closing up over 450 points as oil prices stabilized, shaking off a volatile and historic two-session drop.Though corporate earnings leaned towards the grim side, the blue-chip index was joined by the S&P 500 and Nasdaq today in the black, as sentiment found some stability. Also in focus has been the latest relief effort out of Washin...Read More
MTCH's 10-month moving average has helped launch the equity higher in the past The shares of online dating specialist Match Group Inc (NASDAQ:MTCH) are faring well amid the most recent bout of market volatility, steadily rebounding off their late-March lows, with solid support from their 10-day moving average. While some of this momentum appears to have lost steam just below the year-to-date break...Read More
Nexus Gold (TSXV:NXS) is pleased to report that the Ontario Ministry of Energy, Northern Development and Mines, has issued an exploration drill permit for the Company's 100%-owned McKenzie Gold ProjectRead full newsRead More
Best Results Include 1.0m Core Length Grading 453g/t Silver and 8.31g/t Gold from Hole LV20-224 and 0.5m Core Length Grading 40g/t Silver and 43.7g/t Gold from LV20-229Read full newsRead More
Eli Lilly is expected to report earnings tomorrow before the open Pharmaceutical concern Eli Lilly and Co (NYSE:LLY) is trading back within a chip shot of its April 20, record closing high of $157.79. The equity is up 2.2% at $156.05 as investors gear up for the company's first-quarter earnings report ahead of the bell, tomorrow April 22. The options pits are putting a little less faith in LLY to...Read More
The latest small business stimulus is expected to pass the House tomorrowThe Dow Jones Industrial Average (DJI) is cruising at midday -- up more than 400 points at last check -- boosted by theadditional stimulus measures making their way through Washington. The Senate-approved package is expected to pass the House of Representatives tomorrow, featuring $100 billion for healthcare and roughly $32...Read More
No less than have 16 analysts raised their price targets on NFLXNetflix Inc (NASDAQ:NFLX) has been one of the few stocks to consistently thrive during the pandemic, it's up 30% this year amid the "stay-at-home" consumer environment. After last night's close, Netflix reported first-quarter earnings of $1.57 per share, lower than Wall Street's anticipated $1.65. However, the 16 million new subscribe...Read More
Chevron was ordered to cease operations in Venezuela Chevron (NYSE:CVX), the last major U.S oil company still operating in Venezuela, is higher this morning after the U.S. Treasury Department issued the oil giant a new license, giving the company until Dec. 1 to end its joint ventures in the Organization of the Petroleum Exporting Country (OPEC). This will bar Chevron from drilling wells, selling...Read More
The medical device maker said its fiscal fourth-quarter results would be significantly impacted Medical device manufacturer Medtronic PLC (NYSE:MDT) announced last night that its global revenue has taken a hit in recent weeks, while hospitals delay elective procedures utilizing its devices in order to prioritize patients with COVID-19. The firm expects this to significantly impact its upcoming fis...Read More
CNN Health recently issued an article titled: Prominent scientists have bad news for the White House about coronavirus antibody testsAccording to the article, "Antibody tests - also known as serology tests - aren't meant to diagnose active coronavirus infections. Rather, they check for proteins in the immune system, known as antibodies, through a blood sample. Their presence means a person was...Read More
Netflix's earnings report toppled estimates thanks to huge streaming numbersDow Jones Industrial Average (DJI) futures are signaling a rally this morning, taking cues from stabilizing oil prices. With the May contract now expired, June-dated crude futures have come off their 21-year low of $6.50, and were last seen at $11.25 per barrel. There's also optimism out of Washington D.C., after Congress...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") a Software as a Service (SaaS) platform focused on the $30T USD retail supply chain market*, is pleased to announce it has begun integration with three new global channel partners. Following completion of technical integration with Venzee through its advanced Application Programming Interface (API), these new ch...Read More
Breaking down the best and worst stocks since the S&P 500's all-time-high in February It's now been over two months since the S&P 500 Index (SPX) hit its last all-time high, and to say stocks have been on a wild ride ever since is an understatement. This week, however, I'm focusing on individual stocks. Below, I listed the best and worst stocks by their return since that February top, as well as a...Read More
The VIX may have settled on new support last weekAs we know, the CBOE Volatility Index (VIX), or the stock market's "fear gauge," is one of the most widely tracked gauges of U.S. stock-market volatility. This volatility index, as compiled by the Chicago Board Options Exchange (CBOE), is meant to reflect investors' expectations for short-term (30-day) volatility in the stock market. It accomplishes...Read More
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West Texas Intermediate crude for June delivery was worth US$13.93 a barrel, Bloomberg reported, following oil for May delivery plunging into negative territory this week as a worldwide slump in demand has led to a lack of storage space.The Economist Intelligence Unit energy lead analyst Peter Kiernan said price pressure would continue in the coming months "as storage rapidly builds up and the glo...Read More