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
There are two things which we all need to focus w.r.t to corona virus:Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world's most densely populated zone with inadequate m...Read More
There are two things which we all need to focus w.r.t to corona virus:Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world's most densely populated zone with inadequate m...Read More
Endeavour Miningsaid on Monday it will acquire Toronto-listed Semafoin a C$1 billion ($690.7 million) deal to create the biggest gold producer in Burkina Faso, increasing its focus on the country despite rising insecurity.The combined group will produce 1 million ounces of gold a year, EndeavourRead full newsRead More
ImagineAR.com is a mobile augmented reality platform that can be used to instantly create mobile activations and engagements anywhere in the world. Businesse...Read full newsRead More
Shares of Roche Holding AG Read full newsRead More
Gold logged its biggest percentage gain since May 2009Stocks began the week deep in the red, as political gridlock drags down Wall Street. Despite the Federal Reserve deploying aggressive new measures to aid markets against the COVID-19 outbreak, the Dow dropped over 800 points at its session lows as the Senate failed twice to negotiate the terms of a massive stimulus package. The S&P 500 and Nas...Read More
Nike is expected to reveal its fiscal third-quarter report after the close tomorrowWhen we last checked in with Nike Inc (NYSE:NKE), the blue chip retailer was just beginning to feel the pinch of coronavirus-induced headwinds. Seven weeks later, Nike stock is nursing a nasty 37.3% loss year-to-date. What's more, the swoosh logo steps into the earnings confessional for its fiscal third-quarter re...Read More
Netflix calls have been outnumbering puts as the streaming stock makes a swift recovery The20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.One stock in particular getting plenty of attention from options players (and analysts) is Netflix Inc (NASDAQ:NFLX),...Read More
ZTO Express just pulled back to a historically bullish trendline after a price target cut from JefferiesChina-based shipping specialist ZTO Express (Cayman) Inc (NYSE:ZTO) is getting hit today after Jefferies cut its price target to $27.10 from $29.20. In response, ZTO is down 1.8% at $24.25. And while the shares continue to wallow beneath newfound pressure at their 20-day moving average, ZTO just...Read More
Major indexes in the red as congress decides on an agreementAfter making an attempted rebound following a "limit down" this morning, rising after the Federal Reserve announced new measures to help markets against the COVID-19, the Dow Jones Industrial Average (DJI) is down over 700 points as investors wait for Congress to agree on a stimulus bill, and earlier hit a fresh three-year low. The S&...Read More
Goldman Sachs upgraded Boeing to "buy" from "neutral"Perpetually struggling Boeing Co (NYSE:BA) is getting some respite this morning, up 4.3% at $99.12 after Goldman Sachs upgraded the aerospace specialist to "buy" from "neutral." The analyst said traders can get BA shares for a steal right now, seeing as the stock is down 80% from its 2019 highs, and predicts a strong resurgence in air travel onc...Read More
Cowen and Company lowered AT&T to "marketperform"AT&T Inc. (NYSE:T) is down 4.1% to trade at $28.45 at last check. The telecommunications name was downgraded at Cowen and Company to "market perform" from "outperform," and recieved a price-target cut to $37 from $43. The brokerage believes AT&T complex programs such as WarnerMedia will create uncertainty in comparison to rival Verizon (VZ).T has se...Read More
Apple canceled plans that would limit iPhone purchases to two per customerWhile its brick-and-mortar stores outside of China will remain closed, Apple Inc (NASDAQ:AAPL) announced it is no longer limiting customers to two devices on online iPhone purchases. This announcement comes just a few days after the tech giant instituted the limit. Also weighing on the shares is a price-target cut from Insti...Read More
The Fed's measures to get the U.S. economy back on track are giving stock futures a big boost After swimming deep in the red this morning and earlier hitting a "limit down," Dow Jones Industrial Average (DJI) futures are getting a big boost after the Federal Reserve said it would be implementing new measures to combat the COVID-19 shakeup ravaging the U.S. economy. This includes an open-ended a...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has commenced delivery on its large government tender for up to 15,000 push-to-talk devices, previously announced on December 02, 2019.Depending on the total units and mix between rugged handsets and in-vehicle devices, the tender is valued between $3-million to $5-milli...Read More
The number of new confirmed cases jumped by more than 26,000 yesterday to 292,142 globally and the death toll rose by 1,600 to 12,784, according to the World Health Organisation.Marex Spectron global head of market analytics Guy Wolf said global macro indices had collapsed to a post-GFC low, however "risks now lie to the upside not the downside"."Global equity markets are seeing out-performance in...Read More
Freeport-McMoRan said Monday as part of its response to Covid-19, its board had resolved to suspend the quarterly cash dividend of US5c per share previously planned for May 1.Read More
The Brazil-based miner had warned of a possible 800,000 tonne impact on sales this quarter if it had to close the distribution centre due to restrictions designed to halt the spread of the coronavirus.TRMT had handled 23.7 million tonnes of iron ore shipped in 2019."Vale is in communication with the government and working on a contingency plan to keep the terminal operating, while safeguarding its...Read More
Share this articleMONTREAL - A $1-billion deal to combine two Quebec companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday.Stock in Montreal-based Endeavour Mining Corp. fell by as much as $4.15 or 19.2 per cent to $17.50 on the Toronto Stock Exchange after it announced the deal to acquire Semafo Inc.In contrast, Montreal-base...Read More
(IDEX Online) - Tiffany has reported a $4.4 billion profit for last year, matching its record high in 2018.It said its focus now was on a return to normal after the coronavirus pandemic.The New York-based jeweller said profits for Q4 were down two per cent to to $201 million, partly as a result of costs involved in the proposed $16bn acquisition by the French luxury goods group LVMH (Mo?? <