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
Morgan Stanley just took an 8.8% passive stake in resTORbioPharmaceutical concern resTORbio Inc. (NASDAQ:TORC) is eyeing its biggest one-day percentage gain in over a month this morning, following news that Morgan Stanley took an 8.8% passive stake in the company. The stock is up 10.5% ahead of the bell in response, set to break out above recent consolation near the $1.25 area. Prior to a mid-Nov...Read More
This episode features a critical look at innovation and the mining industry from Nathan Stubina, Sherritt International vice-president of technologies and operations. Nathan delivered a presentation titled, "Some Inconvenient Facts, Some Inconvenient Perceptions. Staying Still Is Moving Backwards" at the 2019 Progressive Mine Forum in Toronto, where he argued that technology alone is not enough to...Read More
The mining industry had its share of tragedy this year starting in January with the murder of Canadian geologist Kirk Woodman in Burkina Faso and Vale's tailings dam disaster in Brazil. The bad news continued into the second half of the year with the attack near Semafo's Boungou mine in Burkina Faso that killed 39 employees and contractors. The year had bright spots, too, however, with a torrent o...Read More
Party hard and party late till 1st January. Comeback relaxed with a vengeance to trade and invest. With Insignia Consultants good times will always last. Thank you everyone for your support year too. Since founding "Inisgnia Consultants" in May 2003, I have been making changing changes (every year) to ensure that our clients are updated with all the information to make maximum profit. "To err is...Read More
Party hard and party late till 1st January. Comeback relaxed with a vengeance to trade and invest. With Insignia Consultants good times will always last. Thank you everyone for your support year too. Since founding "Inisgnia Consultants" in May 2003, I have been making changing changes (every year) to ensure that our clients are updated with all the information to make maximum profit. "To err is...Read More
All three indexes suffered their worst day since early DecemberStocks slipped from last week's record highs, with only one more session left in 2019. The blue-chip index clocked a triple-digit loss of 183 points, its biggest decline in almost four weeks, while the S&P and Nasdaq also suffered their biggest one-day drops since Dec. 3. Trading volume remained thin, with some saying today's sell-off...Read More
The next month could mean big gainsPhillips 66 (NYSE:PSX) is set to finish 2019 with a gain of roughly 28%, and technical data suggests the shares could be due for another strong move higher just as the calendar turns to 2020. Specifically, a study from Schaeffer's Senior Quantitative Analyst Rocky White shows that the admittedly obscure 70-day moving average has actually been strong support for P...Read More
The Nasdaq recently snapped its longest winning streak in 10 yearsIt's been an impressive year-end rally for the U.S. stock market, with all three major market indexes carving out record highs during the Christmas week, and the S&P 500 Index (SPX) logging its fifth straight weekly gain. Additionally, the Nasdaq Composite (IXIC) muscled its way to an 11th consecutive win on Thursday, marking its lo...Read More
All three equities hit fresh highs last week before pulling back todayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, while those such as Apple Inc. (NASDAQ:AAPL) are keeping up with the high option...Read More
We suggest five gold mining stocks that outperformed the S&P 500 so far this year and are poised well to outperform in the next, backed by upbeat growth estimates and solid Zacks Rank.Read full newsRead More
These 25 stocks are the best performers in JanuaryHeading into a new month, year, and decade, Schaeffer's Senior Quantitative Analyst Rocky White broke down the best S&P 500 stocks to own in January over the past 10 years. One name in particular stood out: Netflix Inc (NASDAQ:NFLX), which is not only the sole FAANG stock to show up on the list, but it's also boasted particularly impressive returns...Read More
The Dow is down more than 100 points so farThe Dow Jones Industrial Average (DJI) is sliding today, suffering triple-digit losses so far, as stocks pull back from record-high territory. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also under pressure, though trading volumes are unsurprisingly thin for the holiday week. Oil prices have also turned lower after notching fresh highs earlier...Read More
The Tesla rival is still down 51% in 2019, thoughOne of the best stocks on this quiet trading day is Nio Inc (NYSE:NIO), up 26.2% to trade at $3.06. The Shanghai-based Tesla rival reported a third-quarter loss that was slimmer than expected, while revenue topped expectations. China deliveries also increased, despite a reduction in vehicle subsidies. Nio stock is on track to fill a late Septembe...Read More
The company will be selling its Canadian robotics unit for C$1 billionThe shares of satellite concern Maxar Technologies Inc (NYSE:MAXR) are soaring today, after the company announced it would be selling its Canadian space robotics business called MacDonald, Dettwiler and Associates (MDA) for C$1 billion, or roughly $765 million, to a consortium of financial sponsors led by Northern Private Capita...Read More
Most TREE analysts are already bullishLendingTree Inc (NASDAQ:TREE) shares have been trying to recover from their hugesell-off from earlier this month. Call buying has been the preferred strategy from TREE speculators in recent weeks, based on the 10-day call/put volume ratio of 1.26 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), and now s...Read More
The Santa Claus rally could take a breather todayAfter a Christmas week full of records on Wall Street, Dow Jones Industrial Average (DJI) futures are much quieter this morning, holding modestly above fair value. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are signaling slightly lower opens, with volume likely to be low heading into the New Year's holiday. As far as economic da...Read More
A volatility pop concurrent with a drop in stock prices could be a risk to bulls"...if momentum continues, keep in mind that there is the 12/27 and the quarterly expiration of SPY options that expire this week and on the last trading day of the year... Without a catalyst, the SPY 323 strike could act as resistance and the longer the SPY is below these strikes, the more it can be seen as a headwind...Read More
(IDEX Online) - Alrosa has announced that it plans to hold 34 auctions for or special size rough diamonds (weighing over 10.8 carats) during 2020. According to Russian law, these specials must be auctioned. Eleven of the planned Russian auctions will take place in Moscow with three further sales being held in Vladivostok.Other tenders will take place in the centers in which Alrosa has trading...Read More
Finding products our derm would approve of isn't exactly an easy task. That is, unless we want to buy from one of the pricey lines they carry in their office (we don't). But thanks to LovelySkin...Read full newsRead More
The metal, which has gained 18% this year, is getting help from easier monetary policy across the world's leading economies.Read full newsRead More