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
Breaking down a massive options trade on PepsiCo stockWhile PepsiCo, Inc. (NASDAQ:PEP) stock is relatively unchanged at the moment, trading at $137.34, but this hasn't stopped options traders from piling on. In fact, 20,000 calls have crossed the tape so far -- five times the intraday average -- compared to just 3,006 puts. A massive amount of activity is taking place at the June 135 call, and it...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
Short sellers usually wait until after Jan. 1 to cover their positionsInvestors holding very profitable positions will astutely wait until after Jan. 1 to sell. This postpones paying taxes on the profits by a year. Short sellers, on the other hand, who have made money will wait until after the New Year to cover their short position. In the analysis below, I'll first look for evidence that we can i...Read More
The S&P and Nasdaq hit new highs The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have hit fresh highs again today, while the Dow Jones Industrial Average (DJI) was also sporting a solid lead at last check, as stocks stay strong ahead of this week's Christmas break. More trade buzz has helped keep the rally alive, while a number of M&A-related headlines have also kept traders busy. This sets up...Read More
Wedbush initiated coverage on IAC with an "outperform" rating and a $295 price target The shares of IAC/InterActiveCorp (NASDAQ:IAC) are down 0.4% to trade at $244.98, lower despite an initiation of coverage at Wedbush with an "outperform" rating and $295 price target -- a roughly 20% premium to Friday's close. This comes just a few days after the firm dissolved its stake in Match Group (MTCH), th...Read More
ITCI is eyeing its best day since 2013One of the best stocks on the Nasdaq this morning is Intra-Cellular Therapies Inc (NASDAQ:ITCI), up 126.6% to trade at $28.19. This comes after the Food and Drug Administration (FDA) approved Caplyta, the healthcare company's treatment for schizophrenia. Intra-Cellular plans to launch the drug in the first quarter of 2020.ITCI earlier traded at $28.60, its h...Read More
3M stock is continuing its breakout above $175Manufacturing name 3M Co (NYSE:MMM) is enjoying a 0.9% lift this morning -- a reaction to the surprise bull note out of J.P. Morgan Securities. The firm upgraded MMM to "neutral" from "underweight," and hiked its price target to $150 from $143, though this still represents a 14% downside to Friday's close. Despite being in the midst of a lawsuit regar...Read More
Weekly call traders could be playing today's rallyJD.Com Inc (NASDAQ:JD) is up 3.8% this morning at $36.65, thanks to a Reuters report indicating the company is exploring an overseas initial public offering (IPO) for its logistics business. According to the article, the IPO could raise between $8 billion to $10 billion -- which equates to roughly one-fifth of JD's market cap -- and the proceeds co...Read More
All three benchmarks are entering the holiday week red-hotFresh off a record-setting week, Dow Jones Industrial Average (DJI) futures are trending higher yet again. Fueling this morning's risk-on approach are trade tailwinds out of China, after the country's finance ministry announced it will reduce import tariffs on a number of goods starting in January. This comes after President Donald Trump...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has closed its previously announced brokered private placement (the "Offering") with co-lead agents, PI Financial Corp. and Canaccord Genuity Corp. (collectively, the "Co-Lead Agents"), and with Paradigm Capital Inc. and Beacon Securities Limited (together with the Co-Lead Ag...Read More
We continue to monitor short interest levels, as well "In two operations in the form of repurchase agreements, or repos, the Fed injected $26.25 billion in overnight liquidity and about $31.27 billion in 14-day liquidity...Since the large interventions started, money-market rates have calmed." -- The Wall Street Journal, December 19, 2019"Senate passes spending bills to avo...Read More
(IDEX Online) - International exhibitors are being invited to participate in the 2020 International Diamond Week in Israel (IDWI). This is the first time the IDWI has been open to exhibitors from all markets.Ezra Boaron, IDWI chairman said the decision to open up the doors of the show came from interest shown by international companies. "The diamond world thrives on trading and I believe that this...Read More
TORONTO, Dec 19, 2019 (GLOBE NEWSWIRE via COMTEX) -- Revival Gold Inc. (RVG)(otcqb:RVLGF) (Read full newsRead More
It's the start of a new year and decade. Cue all the flashbacks and predictions.The year ahead will mark the resurgence of the junior miner. We're starting to see some money invested in producers. Producers feel better about their own balance sheets, valuations and multiples. And when you feel better, you start to buy. What are they buying? Advanced-stage exploration assets and single-asset co...Read More
(IDEX Online) - Firestone Diamonds has said that despite a solid operational performance, 2019 was a disappointing year in which revenues declined because of a weak diamond market and a reduction in carats sold.During the year ended June 30, 2019, the company recovered 829,458 carats (2018: 835,832 carats) and sold 774,830 carats sold (2018: 831,637 carats).The company, which has operations focuse...Read More
(IDEX Online) - Mountain Province Diamonds Inc. has announced that it will the upper end of its production guidance of 6.7-6.8 million carats for 2019. The company said from an operational point of view, 2019 had been a "strong year." Looking ahead, the miner expects to recover 6.75-6.95 million carats from the Gahcho Ku?? (C) Mine in 2020. The company intends to increase the plant's cap...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced that its "Another Piece of Your Story" marketing campaign reached 3 million unique consumers in just six weeks. The test campaign ran in Los Angeles and was an industry-wide collaboration to increase consumer desire for jewelry by connecting consume...Read More
AngloGold Ashanti said it expects its Obuasi gold mine in Ghana to produce about...Read full newsRead More
Dec 19, 2019 (GoldStocks.com via COMTEX) -- Gold has been one of the biggest gainers among commodities this year. At this point in time, gold is well placed...Read full newsRead More
Christopher Lewis7 hours ago (Dec 20, 2019 5:44 PM GMT)Gold markets went back and forth during the week, doing almost nothing in order to excite the crowds. Having said that though, we have seen a little bit of resiliency over the last month or so as the $1450 level has been massive support. The 38.2% Fibonacci retracement level is right there as well, as is the top of the previous ascending trian...Read More