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
(IDEX Online) - Indian diamond producers are being urged to adopt a voluntary month-long ban on the import of rough diamonds from 15 May.Trade bodies make the plea in an open letter and say it will help the industry survive the coronavirus crisis and send a clear message to banks that it is not prepared to face further debt.An estimated $7bn of rough and polished diamonds have been stuck in India,...Read More
IDEX has a million diamonds online, more than any other trading portal, according to independent comparisons by the Diamond World website.It emerges as "front-runner" and is singled out for its transparency and objectivity.It also boasts by far the highest number of registered sellers, currently around 2,000.IDEX outperforms five other portals in these key metrics, in a side-by-side analysis...Read More
Gold figures to play a starring role as a store of value as investor expectations on future inflation climb amid global stimulus efforts that have put a flood of cash into the financial system.Read full newsRead More
Gold figures to play a starring role as a store of value as investor expectations on future inflation climb amid global stimulus efforts that have put a flood of cash into the financial system.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"Never allow a crisis to go to waste." Depending on your interpretation, that can mean several things. For some, it can mean learning from whatever happened to prevent it from occurring again. For others, it can mean using a crisis to further some goal. If you've been reading the headlines over the past few weeks, you know China has taken it to mean the latter. As the world continues dealing w...Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
A break of key technical resistances will result in another wave of rise in all metals and energies. Do not short crude oil. I expect crude oil prices to rise to $80 (nymex) next year once world gets over corona virus crisis. Crude oil producers and large speculators will more than make up for their current losses next year. Buy crude oil call options for August 2021 with a strike price of $70.0...Read More
Gold Fields hopes to reach full production at its only gold mine in South Africa by the end of May, its chief executive said on Thursday, as it forecast limited impact to its global output from the coronavirus pandemic.Read full newsRead More
Oil suffered its biggest one-week decline in historyThe Dow finished the day up over 250 points after rebounding from its midday lows, but still ended the week lower, its first weekly decline for April. Sentiment was boosted by U.S. President Donald Trump signing the long-awaited $484 billion coronavirus aid package. However, this sour session of earnings and economic data quickly provided a mark...Read More
Oil prices collapsed into negative territory for the first time ever this week To no one's surprise, it was another wild week on Wall Street, with oil's historic nosedive front and center. Stocks started the week in a downward spiral after oil futures for May delivery collapsed into negative territory for the first time ever on Monday. Things improved slightly by mid-week, as crude futures began t...Read More
J C Penney is currently discussing filing for bankruptcy The plight of J C Penney Company Inc (NYSE:JCP) continues; as of today the department store chain name is in advanced talks for bankruptcy funds. According to a Wall Street Journal report, the retailer is seeking a debtor-in-possession loan from big banks somewhere in the ballpark of $800 million to $1 billion so the company can remain oper...Read More
No less than three analysts raised their price targetsE*TRADE Financial Corp (NASDAQ:ETFC) is down 0.2% to trade at $38.14 today, after the firm reported adjusted first-quarter earnings of 74 cents per share, well below the 91 cents per share anticipated by analysts. E*TRADE's $707 million in revenue also came in lower than expected. Analysts chimed in optimistically, however, as no less than thr...Read More
Oil prices are extending their rally as rumors of a production cut circulate The Dow Jones Industrial Average (DJI) is lower at midday, having pared away triple-digit gains from the morning. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) have also traded on both sides of the aisle today, while all three benchmarks cruise toward sizable weekly losses. Oil prices are so far clinging to gain...Read More
L Brands has filed a complaint against Sycamore Partners for deal gone awryShares of L Brands Inc (NYSE:LB) are down 1.5% to trade at $10.46, after receiving no fewer than four bear notes, including a downgrade out of Barclaysto "equal weight" to "overweight," and price-target cut to $10 from $30. This slam comes after news that L Brands filed a complaint against Sycamore Partners for backing out...Read More
Continental Resources is ceasing production in North DakotaThe shares of Continental Resources (NYSE:CLR) are down 4% at $12.70, amid news that the company ceased production in North Dakota and closed off most of its wells in the state's Bakken shale field. Earlier, it was reported that CLR declared force majeure on at least one contract after crude dipped into the negative this week.Continental R...Read More
Sanofi cited a strong demand for pain and fever medications during its first quarter French pharmaceutical maker Sanofi SA (NASDAQ:SNY) is up 2.2% at $49.45 after releasing its first-quarter results and confirming its 2020 outlook. The company announced a 16.1% rise in income at constant exchange rate to 2.04 billion euros, or $2.20 billion, and a 6.6% pop in sales to 8.97 billion euros, or $9.69...Read More
Australia's largest gold refinery has ramped up production of one kilogram bars to ease the supply squeeze in the U.S. that helped propel a surge in the premium for New York futures.Read full newsRead More
Oil prices appear ready to rally for the third-straight dayDow Jones Industrial Average (DJI) futures are poised to climb this morning, propped up by an encouraging earnings report from blue chip American Express (APX). Wall Street is so far shaking off some of the latest alarming economic data, as durable goods orders for March fell 14.4%. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Inde...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") reports that the Company will release its results on or before May 29th, 2020 and will host an investor conference call and CEO Q&A at such time to discuss the results.The Company remains an essential services business with sales and large scale trials for first responders, military and defense cont...Read More