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
Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
Traders just booked profit in short positions in gold and silver. They are sitting on cash at the moment. News will be the key. Trade deal with China is not signed yet. I will not rule out further escalation of trade war with China as US economic numbers have beaten Chinese in November. Trump is at an advantage (with China) on the trade war in the short term. Trade war will be pain for every nat...Read More
Darren Gee, CEO of Peyto Exploration, discusses the impact of higher AECO prices on the company's operations.Read full newsRead More
Darren Gee, CEO of Peyto Exploration, discusses the impact of higher AECO prices on the company's operations.Read full newsRead More
Four mineworkers were killed and one was seriously injured after a rock fall at a South African gold mine on Friday trapped five workers underground, the company and a mining union said on Sunday.The collapse at the Village Main Reef's Tau Lekoa gold mine in North West province followed at leastRead full newsRead More
Stocks struggled to gain momentum todayThe Dow explored a 145-point trading range today, before settling south of breakeven, as Wall Street proceeded with caution ahead the Dec. 15 deadline when the U.S. is expected to lift tariffs on some Chinese goods. A report from The Wall Street Journal indicated that these looming tariffs could be delayed, even as separate headlines suggested a phase-one tra...Read More
Maple Gold is pleased to announce that is has filed a NI-43-101 Technical Report for the new Mineral Resource Estimate on the Douay Gold Project.Read full newsRead More
Owing to an “on-demand” society and incessant consumerdemand for better value, the peer-to-peer marketplace continues to gain inpopularity. Unicorns like Uber (NYSE: UBER) and Airbnb jump to mind as pioneersin the space, but the reality ...Read full newsRead More
Madagascar plans to increase its royalties on nickel and cobalt to 4% from 2% at...Read full newsRead More
(Adds detail, mining ministry comment)Read full newsRead More
AVGO was one of the best S&P stocks in the past 10 yearsBroadcom Inc (NASDAQ:AVGO) just received a price-target hike to $345 from $330 from Piper Jaffray, representing 9.5% upside from the current price of $314.98. This also stands in record-high territory for AVGO shares, which peaked at $325.67 back on Nov. 19. And with the decade about to come to the close, we looked back even further, and noti...Read More
The drug stock is ripe for a short squeeze, tooIt's been a hot start to December for Immunomedics, Inc. (NASDAQ:IMMU). The pharmaceutical stock is up 11.5% already this month, and earlier today nabbed a fresh annual high of $21.49. Heading into the new year, IMMU shows no signs of slowing down, especially after flashing a reliable "buy" signal.More specifically, the stock's new high today comes am...Read More
Options bulls have blasted CMCSA stock in recent weeksComcast Corporation (NASDAQ:CMCSA) stock is trading down 2% at $43.04, after the media giant said it plans on committing $2 billion to content and marketing spending over the next two years for its new Peacock streaming service. The Netflix (NFLX) rival's streaming service will launch in April, with more details expected in mid-January.This dro...Read More
Dec 08, 2019 (GoldStocks.com via COMTEX) -- Last week saw gold stocks up their performance; right up until Friday. New nonfarm payroll figures came out that...Read full newsRead More
All amounts expressed in U.S. dollars. TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced tha...Read full newsRead More
INFO has added almost 54% in 2019Information and analysis services stock IHS Markit Ltd (NYSE:INFO) has been an outperformer on the charts. Long-term support from the 50-day moving average has the shares up 53.7% year-to-date, and fresh of their 11th straight monthly gain. With this steady support in place, now is a prime time to buy calls. Digging deeper, short interest has surged 111% from its M...Read More
Traders are shrugging off this morning's trade "update"It's another day of weak price action for stocks on Wall Street, with traders mostly holding tight ahead of tomorrow's Fed decision. Ahead of the opening bell, it looked as though apparent headway in U.S.-China trade relations could lift stocks, but the risk-off sentiment has remained. The Dow Jones Industrial Average (DJI) and S&P 500 Index (...Read More
Needham is the latest analyst to issue a bear note on NFLXStreaming giant Netflix Inc (NASDAQ:NFLX) is struggling this morning, 2% lower at $296.43, after becoming the subject of one of Needham's latest bear notes. Analyst Laura Martin downgraded the equity to "underperform" from "hold," saying increased competition from rival streaming services could force a loss of around 4 million premium U.S...Read More
Tech has put in a strong performance in 2019The technical backdrop for U.S. stocks has been positive for most of 2019. The Nasdaq Composite (IXIC) has outpaced the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) on a monthly basis for a majority of the year, and is currently up 30.5% since its Dec. 31 close, compared to a 20% gain for the Dow, and a 25.5% gain for the S&P over that same...Read More
MCD, DPZ, and SBUX all received "outperform" designationsBrokerage firm RBC last night began coverage on a number of restaurant stocks, including taking bullish outlooks on big names McDonald's Corp (NYSE:MCD), Domino's Pizza, Inc. (NYSE:DPZ), and Starbucks Corporation (NASDAQ:SBUX). Let's take a quick look at the details around the stocks, and how they're trading this morning.For blue chip MCD, R...Read More