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
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
Trump's impeachment progress is the key reason for gold and silver to rise. Impeachment news is the reason for gold price to rise from $1460 to $1520. Thereafter investment interest and speculative longs pushed gold past $1600. Gold prices not falling below $1530 despite some bearish news should be taken as short term positive by bulls. News on US-China trade deal (everything collected from Re...Read More
As of Jan. 10, SAINT JANE's Luxury Beauty Serum ($125) and the Deluxe Travel Luxury Beauty Serum ($38) can be found at more than 280 Sephora locations across the U.S.Luxury...Read full newsRead More
By The Fresh Toast's Rudy Sanchez, provided exclusively to Benzinga Cannabis.Forty-three percent of investors have the impression that the marijuana industry is growing at a...Read full newsRead More
GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) exceeded fourth-quarter estimates for Epidiolex sales, notching $108 million in revenue for the CBD drug, according to the company...Read full newsRead More
As traders, we love when a big price movement works in our favor. However, being on the other side of a huge price swing can also decimate your account. TRead full newsRead More
Growing supplies of renewable natural gas key to reducing emissions from trucks and buildingsExperts estimate that 4,450 Trillion Btus of renewable natural gas will be available by 2040, about 90% of the nation's current natural gas consumptionPIXLEY, Calif., Jan. 13, 2020 /PRNewswire/ -- Calgren Dairy Fuels and Southern California Gas Co. (SoCalGas) today announced that four additional C...Read More
Jobs and retail data lifted Wall Street todayThe Dow roared to a fourth straight win and new record high today, thanks to upbeat retail sales and jobs data. The blue-chip index's over 200-point win can also be attributed to the details of the newly signed "phase one" trade deal with China, where it was revealed China could purchase nearly $200 billion more in U.S. goods in the coming years. The S&...Read More
Sirios Resources is pleased to announce that it recently applied by map designation for 150 new mining claims in order to expand its 39 gold property.Read full newsRead More
The gap between the SPX and its 200-day moving average is unusually wideThe S&P 500 Index (SPX) has rallied over the past few months, and now, relative to its 200-day moving average, it's the highest it's been in about two years. Specifically, it's now 10% above the moving average. The last time it reached this level it did not go well. The S&P 500 peaked on January 26, 2018 at 14% above the movin...Read More
Morgan Stanley downgraded the electric automaker to "underweight" from "equal-weight"Tesla Inc (NASDAQ:TSLA) is getting hit with a bear note from Morgan Stanley just two days after the stock nabbed an all-time high of $547.41. The analyst downgraded the electronic auto manufacturer to "underweight" from "equal-weight" but lifted its price target to $360 from $250 -- still a sizable deficit off las...Read More
Deep-South Resources Inc. announces that it extends the closing of the second tranche of its Private Placement by a maximum of two weeks.Read full newsRead More
Traders at the major exchanges have picked up long calls at a rapid paceData from the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows there's been unusual interest in long ArcelorMittal SA (ADR) (NYSE:MT) call options. The steel concern's 10-day call/put volume ratio comes in at 12.63, a reading that ranks in the bullish 97th annual percenti...Read More
Earnings season will be picking back up this week with several blue chips Despite Monday's market closure in honor of the Martin Luther King Jr. holiday, it's shaping up to be a busy week ahead. For starters, traders can expect quarterly reports from blue chips American Express (AXP), IBM (IBM), Intel (INTC), Johnson & Johnson (JNJ), Procter & Gamble (PG), and Travelers (TRV). FAANG name Netflix...Read More
Cambell Soup just pulled back to a bullish signal on the charts During the past 12 months, packaged food manufacturer Campbell Soup Company (NYSE:CPB) has been on a climb higher. Year-over-year, the stock has added 36%, and it just came off a two-year high of $49.55 in early January. More upside could be in the soup stock's future, though, should history be any indication.Specifically, CPB just pu...Read More
ECR Minerals (LSE:ECR) was trading at 0.7p a share on Thursday after revealing that its cash balance has been boosted by a large research and development r...Read full newsRead More
Options have been running hot ahead of the company's earnings reportJoining the busy earnings slate this week is distribution name Fastenal Company (NASDAQ:FAST). The company is scheduled to report earnings before the open tomorrow, Jan. 17. Below we will take a look at how FAST has been faring on the charts, and what the options market is pricing in for post-earnings moves. At last check, the equ...Read More
The Dow hit another fresh high amid well-received weekly jobless claims and December retail salesThe Dow Jones Industrial Average (DJI) has continued its steady rise higher at midday, touching another record high, as Wall Street looked towards promising economic data, namely upbeat retail sales and jobless claims. A post-earnings pop from bank name Morgan Stanley (MS) and a finalized "phase one"...Read More
AOBC has climbed in recent monthsShares of firearm maker American Outdoor Brands Corp (NASDAQ:AOBC) are down 0.4% at $9.54 this morning, the stock buzzing on news that the company's CEO James Debney has been ousted by the board effective immediately, after violating a non-financial company policy. Longer term, the equity has added over 77% from its Oct. 3 low, and is now sporting a 3.2% year-to-d...Read More
iRobot has been trending higher recentlyThe shares of iRobot Corporation (NASDAQ:IRBT) are sporting a 7.7% gain this morning to trade at $57.51, putting them on pace for their best close since October and a second straight finish atop the 100-day moving average after roughly nine months below the trendline. Today's upside is coming thanks to an upgrade to "market perform" from "underperform" at Ra...Read More