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
A long-awaited challenger to electric vehicles is here.They use a unique "blue gas" as fuel. They are reliable. They are safe. They are clean. And they are being adopted at breakneck pace by automakers and big industry alike. Amazon uses this technology at its fulfillment centers. BMW is launching a line of its popular X series of SUVs that is powered by this blue fuel. Honda is already selling...Read More
Share this articleVANCOUVER - Teck Resources Ltd. has signed a deal with Ridley Terminals Inc. that will allow it to increase shipments of steelmaking coal from its B.C. operations.Ridley Terminals owns and operates the marine bulk handling terminal on Prince Rupert's Ridley Island on B.C.'s north coast.The agreement increases contracted capacity from three million tonnes per year to six million t...Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
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Well, at least there was nickel.Read full newsRead More
Well, at least there was nickel.Read full newsRead More
It was a choppy session on Wall Street todayThe Dow turned in a triple-digit loss today, as rough outings from Merck (MRK) and Chevron (CVX) overshadowed upbeat U.S. services data. The blue-chip index pared a wider triple-digit deficit, though, amid fewer headlines regarding U.S.-Iran tensions. The S&P 500 and Nasdaq joined the Dow in the red, with the latter giving up last-minute gains despite a...Read More
NEW YORK, Jan.06, 2020(GLOBE NEWSWIRE) -- PotBotics Inc o/a RYAH. ("RYAH" or the "Company"), in conjunction with its previously announced reverse...Read full newsRead More
/PRNewswire/ - 1933 Industries Inc. (theRead full newsRead More
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Best Buy stock looks to be in the position to enjoy short-covering tailwindsElectronics retailer Best Buy Co Inc (NYSE:BBY) saw its stock rise to new highs in mid-December following a positive earnings release in November, rallying past previous record highs in the $85 region. The shares are holding just above this previous peak now, and a shift in sentiment could have them adding to their year-ov...Read More
ETFC's early October bottom coincides with its November 2007 lowsE-Trade Financial Corp's (NASDAQ:ETFC) drop off its Sept. 16 high near $46 can be described as "fast and furious," driven by a negative reaction to a "commissions race" among brokerages. More specifically, ETFC fell 4.8% on Sept. 26 when Interactive Brokers (IBKR) unveiled a commissions-free trading product, and then surrendered 16.4...Read More
ETFC's early October bottom coincides with its November 2007 lowsE-Trade Financial Corp's (NASDAQ:ETFC) drop off its Sept. 16 high near $46 can be described as "fast and furious," driven by a negative reaction to a "commissions race" among brokerages. More specifically, ETFC fell 4.8% on Sept. 26 when Interactive Brokers (IBKR) unveiled a commissions-free trading product, and then surrendered 16.4...Read More
MCHP call buying has been very popular The shares of semiconductor concern Microchip Technology Inc. (NASDAQ:MCHP) are making a strong move higher today, last seen up 6% at $109.93 and earlier tapped an all-time high of $110.80, thanks to the company's bullish sales outlook from last evening. This extends the equity's impressive trend higher in recent months, and call traders continue to pile on t...Read More
Fidelity Minerals Corp. (TSXV:FMN, FSE:S5GM, SSE:MNYC, OTC:SAIDF) is pleased to update progress with the Cerro Dorado plant upgrades and sale.Read full newsRead More
Walgreens Boots Alliance reports Q1 earnings after the close tomorrowEarnings season is just around the corner, and the first Dow name up is Walgreens Boots Alliance Inc (NASDAQ:WBA), with the pharmacy name set for its first-quarter report before the open tomorrow, Jan. 8. Ahead of the event, options traders are taking a greater interest in the blue chip.Diving right in, nearly 4,000 calls have c...Read More
Investor attention is still firmly on geopolitical tensions between the U.S. and the Middle EastToday's better-than-expected U.S. services data from the Institute for Supply Management (ISM) has done little to move stocks, as investor focus remains glued to bubbling geopolitical tensions between the U.S. and the Middle East. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are both...Read More
The $30 trendline had acted as resistance over the past yearApache Corporation (NYSE:APA) is one of the best stocks today thanks to what's being described as a "major oil discovery" off the coast of the South American country Suriname. This has the shares of APA rising 16.5% to $29.86, putting them above the 200-day moving average, which had been resistance on multiple occasions over the past year...Read More
There's pessimism among analysts and short sellers to be unwoundThe shares of FireEye Inc (NASDAQ:FEYE) are up 2.5% to trade at $18 this morning, after SunTrust Robinson raised its rating to "buy" from "hold." The analyst in coverage -- while also upping its price target to $22 from $15 -- noted the Middle East tensions will lead to more government and private sector spending on cybersecurity. S...Read More