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 had mentioned long before that there will be a big disconnect between future price of gold and silver and physical price of gold and silver. Yesterday physical price of silver was much higher than silver future. One three reasons why I have been telling to only invest in physical gold and physical silver for your retirement. Physical silver price was much higher than future price. One can trad...Read More
I had mentioned long before that there will be a big disconnect between future price of gold and silver and physical price of gold and silver. Yesterday physical price of silver was much higher than silver future. One three reasons why I have been telling to only invest in physical gold and physical silver for your retirement. Physical silver price was much higher than future price. One can trad...Read More
The World Gold Council says gold has likely been used to raise cash to cover losses in other asset classes.Read full newsRead More
MONTREAL, March 17, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ('Monarch' or the 'Corporation') (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is ...Read full newsRead More
There will also be updates on the coronavirus outbreak to monitorEven though life for Americans has ground to a halt amid the coronavirus outbreak, the economic agenda still has plenty to offer investors next week. The final fourth-quarter gross domestic product (GDP) reading will be the highlight, as well as earnings reports from the likes of Nike (NKE) and Micron Technology (MU). And if that's...Read More
A resurgent tech sector powered today's rallyThe Dow rebounded from a three-year low today, spearheaded by big gains in the tech sector. Although the triple-digit win was modest in comparison to the roller-coaster volatility seen in recent weeks, the blue-chip index didpare a 700 point deficit at its session lows, and hold on to the psychologically significant 20,000 level. The S&P 500 and Nasdaq...Read More
President Trump said Gilead's coronavirus treatment appears to have positive resultsWhile most stocks have bottomed out as the inescapable coronavirus-sparked selloff rages on, biotech name Gilead Sciences, Inc. (NASDAQ:GILD) has been a notable outperformer. The stock is up 3.4% at $82.12 and earlier hit a two-year high of $85.97 after U.S. President Donald Trump said the drugmaker's experimental...Read More
The brokerage bunch is still bullish on AMATIt's been quite a day for Apple (AAPL) supplier Applied Materials, Inc. (NASDAQ:AMAT). The stock opened lower out of the gate, only quickly pare those losses and pivot higher. At last check, AMAT was up 2.7% to trade at $39.96, but still faces a steep uphill climb out of its 2020 losses.More specifically, Applied Materials stock is down 34% year-to-date...Read More
Peloton's 40-day moving average has acted as pressure on the charts since early FebruarySince plummeting past the $18 region late last week, shares of Peloton Interactive Inc (NASDAQ:PTON) have been huffing and puffing -- trying to gain any sort of traction as markets become increasingly volatile. While the equity managed to string together four straight wins since last week's selloff, a price tar...Read More
Laurion Mineral Exploration announced that it is proposing to complete a flow-through and non flow-through private placement on a non-brokered basis.Read full newsRead More
Stocks fell toward deeper lows this morningAfter a morning deep in the red for major indexes, the stock market is making a swing higher midday. The Dow Jones Industrial Average (DJI), down over 700 points at its session lows, is up 270 points at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, boosted by FAANG giants Facebook (FB) and Netflix (NFLX). April-da...Read More
No fewer than nine analysts have lowered their price targetsDiscount retailer Five Below Inc (NASDAQ:FIVE) is surging 7.5% at $57.62 this morning, climbing on the heels of an impressive quarterly report, though earlier it bottomed near $47.53. The retail company posted earnings of $1.97 per share, higher than Wall Street's estimate of $1.94. However, the company's reported revenue of $687.13 milli...Read More
The reason for Hertz's bounce-back isn't clear Hertz Global Holdings Inc (NYSE:HTZ) seems to be skipping out on the selloff the car rental sector is currently experiencing as restrictions put in place amid coronavirus concerns severely limit travel. The stock is now up 17.46% at $3.97, though the reason for this massive pop is not quite clear. This surge comes just one day after the equity hit an...Read More
CARS stock has dropped spectacularly as consumers assess needs during the crisisAs the coronavirus pandemic continues to ravage the global market, consumers still have transportation needs for the time being. However, that hasn't helped Cars.com Inc (NYSE:CARS) which sits near the bottom of the New York Stock Exchange (NYSE) today, without any clear catalyst. Currently, CARS shares are down 15% t...Read More
Weekly jobless claims soared past Wall Street's expectations Dow Jones Industrial Average (DJI) futures are sliding toward even more steep losses today, following the index's first close below 20,000 in over three years last night. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also exploring even more lows this morning, while the 10-year Treasury yield continues to surge....Read More
MONTREAL, March 17, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ('Monarch' or the 'Corporation') (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is ...Read full newsRead More
Lost amid concerns about the COVID-19 coronavirus outbreak that has dominated headlines for weeks was news that the China National Space Administration (CNSA) has achieved a milestone in lunar exploration, one that could have great potential for prospecting and, eventually, mining on the Moon.CNSA's Lunar Exploration Program, also known as the Chang'e project (after the Chinese Moon goddess of the...Read More
First Cobalt (TSXV: FCC) has announced that the feasibility study on an expansion of its Ontario refinery will be complete in the coming weeks. It is also in discussions with potential automotive off-take partners looking for a North American source of refined cobalt sulphate.The company is also completing a prefeasibility study on a restart of the refinery."We are in the final stages of a feasibi...Read More
The company proposed the change in January, "to best reflect the company's focus on developing its Pulacayo silver project in Bolivia", along with a possible share consolidation of one for every 5-10Read More
It's now a $9.5 billion company (US$5.4 billion), with the market crash knocking 38% of its value since the Covid-19 coronavirus panic got going on January 22.Read More