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
The tech stock is ripe for a short squeeze, tooThe shares of Seagate Technology PLC (NASDAQ:STX) have climbed alongside the broad market this holiday season, culminating in a Dec. 23 annual high of $60.83. What's more, the tech stock remains in close contact with a trendline that offers historically bullish implications, if past is precedent. Specifically, according to Schaeffer's Senior Quantit...Read More
The earnings slate is quiet heading into 2020The end of 2019 and beginning of 2020 will be quiet on both the earnings and economic fronts. While Chinese truck and auto manufacturer Nio (NIO) is scheduled to release its quarterly report on Monday, Dec. 30, the Chicago purchasing managers index (PMI), consumer confidence, and construction spending will also be in focus throughout the holiday-shorten...Read More
Headlines about strong e-commerce sales are keeping bulls at the tableThe S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are grinding to new highs again, and the Dow Jones Industrial Average (DJI) is also higher, as stocks continue to rally into the new year. With the Nasdaq looking for a 10th consecutive record close, traders are monitoring more trade buzz and this morning's jobless claims updat...Read More
Amazon stock has already added 20% in 2019Another record-breaking holiday shopping season has Amazon.com, Inc. (NASDAQ:AMZN) moving higher this morning, now up 1.2% at $1,809.90 at last glance. Not only did more customers try Amazon Prime, but they shopped at record levels, buying billions of items and tens of millions of Amazon devices. In response, Amazon stock touched a one-month high of $1,82...Read More
Spectrum Pharmaceutical's cancer drug failed a mid-stage trialSpectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) is one of the biggest losers early on today, down 55.8% at $3.87, after the company's cancer drug poziotinib failed a mid-stage study, with the shares hitting a three-year bottom of $3.61 already as a result. This move could spark bearish analyst attention for the drugmaker, since all five co...Read More
There's a lot of pessimism around TSLA to be unwoundNo stock has had as a resounding close to 2019 as Tesla Inc (NASDAQ:TSLA). Today looks to be more of the same, with the stock up 0.4% to trade at $427.11 -- and earlier hitting a new record high of $429.99 out of the gate -- after Wedbush hiked its price target by $100 to $370. And if that's not enough, the analyst in coverage predicts the compa...Read More
Argus lifted its price target to $235 from $220Argus just gifted a post-Christmas bull note to Ireland-based IT concern Accenture Plc (NYSE:ACN) this morning, right on the heels of last week's fiscal first-quarter earnings beat and raise. The analyst maintained its "buy" rating, and hiked its price target to $235 from $220 -- an 11% premium to Tuesday night's close. Despite this, the shares of ACN...Read More
The NDX is gunning for its 10th straight record closeDow Jones Industrial Average (DJI) futures are poised for modest gains this morning, with volume still light in the wake of the Christmas holiday. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, with the latter ready to take a crack at an 10th straight record close. U.S.-China trade tailwinds cont...Read More
(IDEX Online) - Alorsa and Zimbabwe Consolidated Diamond Company (ZCDC) have signed a number of agreements to finalize the creation of a joint venture for prospecting and exploration works for primary diamond deposits in the Republic of Zimbabwe.According to the agreements, Alrosa owns 70 percent of Alrosa (Zimbabwe) Limited JV, with state-owned ZCDC getting 30 percent. The Russian mining com...Read More
(IDEX Online) - Tiffany & Co. have reported an increase of 1-3 percent (unaudited) in net sales for the period between November 1-December 24. The company said sales in the Chinese Mainland continue to drive overall sales growth, which saw a strong double-digit increase. However, this was offset by continuing sales declines in Hong Kong and, to a lesser degree, Japan, which has been affec...Read More
Gold prices held steady on Monday in thintrading, as investors refrained from m...Read full newsRead More
Australian shares slipped on Monday as weaker iron ore futures put pressure on h...Read full newsRead 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
Christopher Lewis8 hours ago (Dec 24, 2019 05:17 PM GMT)Gold markets broke out above the $1500 level during the trading session on Tuesday, as it looks like we are ready to go much higher. The $1520 level should continue to be an area where we could see a bit of resistance but breaking above there allows the market to go much higher, perhaps as high as the $1550 level in the short term. Clearly, g...Read More
This holiday episode features a special Innovation Presentation by Peak Power chief operating officer Matt Sachs at the 2019 Progressive Mine Forum in Toronto. Matt discusses how advanced software can help industry, including mining companies, save on costs relating to energy usage. Topics include: making energy production a two-way street by adding electric vehicle batteries to the power grid; ho...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
Talisker has entered into a royalty purchase agreement and royalty agreement with its subsidiary Bralorne Gold Mines Ltd. and Osisko Gold Royalties Ltd.Read full newsRead More
Artwork Archive's founder has a very unusual hobby.Read full newsRead More
Gold has a chance to be an interesting investment in the coming year said Blackstone investment luminary Byron Wien on CNBC Tuesday.Read full newsRead More