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
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
January 02, 2020 (ACCESSWIRE via COMTEX) -- TORONTO, ON / ACCESSWIRE / January 2, 2020 / Nuinsco Resources Limited (Read full newsRead More
Oil prices hit nine-month highs in responseThe Dow limped into the weekend with a 233-point loss, pressured by geopolitical tensions and weaker-than-expected economic data. The blue-chip index was down over 368 points at its session low in the morning, after a U.S. airstrike killed top Iranian military commander, Qassem Soleimani. Plus, investors also digested the latest manufacturing data that f...Read More
SilverCrest Metals Inc. announces $13.2 million-dollar private placement.Read full newsRead More
LB has struggled since early August of last yearYesterday we dove into a few of the best stocks to own in the first quarter, but today, we are dipping our toes into the opposite pool. Retailer L Brands Inc (NYSE:LB) has struggled to gain momentum since its early August bear gap, and has now shed 28% over the past 12 months. This afternoon, LB is up 8% at $18.88, thanks to an upgrade to "buy" at...Read More
USO calls are running four times as quick as putsOptions volume is accelerated on the United States Oil Fund (USO) this afternoon, as the exchange-traded fund (ETF) moves higher with oil prices. Specifically, escalating tensions between U.S. and Iran had February oil futures closing up 3.1% at $63.05 per barrel, and USO shares are 3% higher at $13.19 -- trading above long-term resistance near $13....Read More
TORONTO ,Jan. 2, 2020/CNW/ - Dor?(C) Copper Mining Corp. (theRead full newsRead More
January 02, 2020 (ACCESSWIRE via COMTEX) -- TORONTO, ON / ACCESSWIRE / January 2, 2020 / Nuinsco Resources Limited (Read full newsRead More
Iran headwinds led to selling late in the week, howeverIt was an up-and-down holiday-shortened first week of 2020 for U.S. stocks. While the major indexes managed to hit fresh record highs in the first day of trading in the new year, selling ramped up on Friday after the U.S. launched airstrikes in Iran. All the same, the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and Nasdaq Comp...Read More
Plus, 24 other stocks that tend to struggle in Q1Earlier this week we covered the best stocks to own in the first quarter of 2020. For every yin there's a yang, so we decided to also break down 25 stocks to steer clear from this quarter. Surprisingly, FAANG name Alphabet Inc (NASDAQ:GOOGL) popped up on the list, despite heading into 2020 with a 33% year-over-year gain.Data from Schaeffer's Senior...Read More
Wall Street is also watching heightened tensions between the U.S. and IranThe Dow Jones Industrial Average (DJI) is down more than 240 points at midday, as Wall Street weighs news a U.S. airstrike had killed top Iranian military commander, Qassem Soleimani. Iran's promise of "harsh retaliation" in response to the attack is only stoking the bearish flames, while traders are also digesting weak fact...Read More
Tesla has tacked on almost 50% over the past 12 monthsBuzz around Tesla Inc (NASDAQ:TSLA) continues to swirl this morning, with the electric-car maker drawing headlines on news it will reduce the starting price of its Model 3 sedans made in its Shanghai factory by 16%. The cut in price comes after the company received electric-vehicle subsidies from China. Also triggering this morning's surge are...Read More
Both AAL and DAL options can be had for a bargain right nowOil prices are skyrocketing amid escalating tensions between the U.S and Iran. Travel stocks -- and more specifically, airline stocks -- are thusexposed to both surging oil prices and geopolitical tensions. This has American Airlines Group Inc (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL) both swimming in red ink this morning, and op...Read More
HUM stock rallied into 2020Humana Inc (NYSE:HUM) shares were a beneficiary of the year-end rally to 2019, as the stock has jumped sharply since its October lows near $250 to Thursday's settlement of $363.24. Analysts at J.P. Morgan Securities are expecting more upside, too, this morning raising the firm's price target on HUM to $448 from $437. As a result, the security is basically flat out of the...Read More
The Dow is set for a triple-digit decline at the openDow Jones Industrial Average (DJI) futures are signaling a negative start to the session, as caution sets in following the U.S. airstrikes in Iran that killed top military leader Gen. Qasem Soleimani. Oil prices, on the other hand, are on the rise; February crude futures are up 3.5% to $63.34 per barrel, with major energy stocks set to outperfor...Read More
Chris Vermeulen9 hours ago (Jan 02, 2020 03:31 PM GMT)The rest of the year, Gold consolidated near $1500 as a strong US Stock Market rally took hold in Q4 of 2019. Our original prediction was that Gold would rally to levels near $1750 before the end of 2019 based on our Adaptive Dynamic Learning predictive modeling system (ADL). This did not happen in 2019 as out ADL modeling systems s...Read More
James HyerczykDec 31, 2019 10:47 AM GMTGold futures surged to their highest level since October 3 early Tuesday on the back of another plunge in the U.S. Dollar. A weaker dollar tends to drive up demand for dollar-denominated gold because it makes it more attractive to foreign buyers.The dollar is weakening because investors are dumping greenback positions placed as hedges against an escalation of...Read More
Dear Reader,Yesterday we snuck into the future… and smuggled out a worrisome vision:The S&P will end the decade 50-60% lower than where it began the decade.Our snooping revealed that "mean reversion" will run down the elusive stock market at last.That is, the long arm of statistical law will finally collar its man.Yet as we wondered yesterday: Can a "trade of the decade" lock in your wea...Read More
Cordoba Minerals (TSXV: CDB) says a strategic investment from China's JCHX Mining Management, which specializes in underground mine development and construction, should close before the end of January.JCHX is currently completing underground development work in the Democratic Republic of Congo at the Kamoa-Kakula copper project, which is jointly operated by Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF)...Read More