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
Fidelity Minerals Corp. (TSXV:FMN, FSE:S5GM, SSE:MNYC) is pleased to provide the following corporate update.Read full newsRead More
JBLU calls are crossing at 179 times the average intraday pace todayCall volume is running quick on JetBlue Airways Corporation (NASDAQ:JBLU), with more than 98,250 contracts on the tape so far -- 179 times what's typically seen at this point in the session, and easily eclipsing the previous 52-week peak of 27,872 calls traded in a single session, set on May 16. By comparison, around 2,200 puts ha...Read More
USO calls have reigned in popularity for some time nowAs oil prices rally today, the Organization of the Petroleum Exporting Countries (OPEC) will hold its bi-annual meeting in Vienna, Austria this Thursday. Ahead of the event, options traders are targeting the United States Oil Fund (USO), with bulls betting on a bigger move from the oil-focused exchange-traded fund (ETF). More specifically,...Read More
Barrian Mining Enters Into Definitive Agreement to Acquire the Kinsley Mountain Gold Project From Liberty GoldRead full newsRead More
January crude futures are up more than 4% Stocks are recovering some of yesterday's massive losses, thanks to more vague trade headlines pointing to progress in U.S.-China trade talks. The Dow Jones Industrial Average (DJI) is comfortably in triple-digit territory, while a big day from the energy sector has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) higher as well. This comes as oil price...Read More
The 110-strike call is popular in EXPE's options pits todayExpedia Group Inc (NASDAQ:EXPE) stock is up 6.5% today to trade at $105.89, on news the online travel company's CEO and chief financial officer have stepped down amid a disagreement with the board over business strategy. This follows the stock's devastating reaction to Expedia's third-quarter earnings report last month, and has options tra...Read More
Salesforce.com posted third-quarter results that exceeded estimates Salesforce.com, Inc. (NYSE:CRM) took its turn in the earnings confessional this morning with some interesting results. CRM posted $4.51 billion in revenue, which shot up 33% since this time last year, and an earnings of 75 cents per share, both of which exceeded analysts' expectations. However, the firm slashed its fiscal fourth-q...Read More
Puts have risen in popularity today in responseThe shares of Workday Inc (NASDAQ:WDAY) are down 5.2% to trade at $164.48 today, despite the software company reporting adjusted third-quarter earnings per share of 53 cents and $938.1 million in revenue, both of which topped analyst forecasts. Instead, Workday's weaker-than-expected 2020 fiscal outlook and subpar 2021 subscription revenue forecast i...Read More
Bulls were targeting the $4 levelGoPro Inc (NASDAQ:GPRO) just gave an update for Black Friday and Cyber Monday, saying its Hero8 Black "sold at record levels." GPRO shares have popped 6.4% out of the gate to trade at $4.11, but while they've taken back the $4 level, they're already back below the 50-day moving average. Still, the move may be enough for recent options traders.Jumping in, data from...Read More
UNH has been bounding higher on the chartsMere days off reporting its 2020 full-year forecast, UnitedHealth Group Inc (NYSE:UNH) is shifting higher this morning, after a fresh round of bull notes from brokerage firms. No fewer than three analysts have hiked their price target on the Dow name, including BMO Securities to $310, Credit Suisse to $320, and Piper Jaffray to $325. Coming into today, UN...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has entered into an engagement letter with PI Financial Corp. to act as sole bookrunner and co-lead agent together with Canaccord Genuity Corp. (collectively, the "Co-Lead Agents"), and with Paradigm Capital Inc. and Beacon Securities Limited (together with the Co-Lead Agents...Read More
A C-suite shakeup has GOOGL in focus todayAfter the market spent the last three days swimming in red ink, Dow futures are poised for a triple-digit bounce-back today. A Bloomberg report cited sources that claimed the U.S. and China were making progress toward a "phase one" deal, assuaging concerns that tensions between the two sides had intensified. Elsewhere, investors are unpacking the latest A...Read More
Technically, stocks aren't as expensive as they were during the tech bubble, when compared to other commodities Here's a blast from the past. Remember when gold had 12 straight years of positive returns from 2001 through 2012? Not only that, it outperformed the Dow in ten of those years. When the Dow began making new highs in 2013, it was still down 75% when priced in ounces of gold. Some people m...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that the Company has closed its previously announced bought deal private placement pursuant to an agreement with PI Financial Corp. (the "Underwriter") for gross proceeds of approximately C$3.50 million (the "Offering" or the "Brokered Financing"). The Company also announces that, due to investor demand, the Com...Read More
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AG Thorson7 hours ago (Dec 03, 2019 6:15 PM GMT)Last month I penned an article explaining how gold tends to form interim highs/lows in the opening days of a new month. That article was timely as prices topped that very day at $1519.20 and fell to $1446.20 by November 12th.Monthly Trend ChangesNotice in the chart below how gold sometimes changes course at the beginning of a month. Not always, but e...Read More
The US has warned of tariffs on French goods after hitting Brazil and Argentinian metal imports this week and yesterday president Donald Trump told reporters in London a trade deal with China may have to wait until after the US presidential election in November 2020.Despite yesterday's dip, the S&P500 was still up 23% in 2019, Bloomberg pointed out.Metals and mining stocks were 2.6% lower in T...Read More
The deal follows an October transaction that saw Osisko Metals acquire Karst Investments for US$8.5 million and two-million shares to snare an outstanding 3% NSR royalty on the project.The company will grant Osisko Gold Royalties a right of first offer on any future sales of royalties, streams or interests on Pine Point and a senior secured interest and first-priority mortgage on the project as co...Read More
These demand drivers, as well as the rising global need for ferrous metals, industrial minerals and fuel-ore mining was driving market revenues toward US$2.9 billion by 2025, a compound annual growth rate of 6.7% from 2018, the Santa Clara, California-based consultancy said.The firm said mining chemical manufacturers were increasingly developing and integrating digital technologies to boost applic...Read More
CEO Ivan Glasenberg, 62, had flagged then confirmed plans he was nearing the end of his tenure about 12 months ago. At the time, he said he hoped to find a successor before he turned 65.He told investors yesterday the company would meet in early 2020 to talk about a change in its "old guard," the Wall Street Journal reported. "I don't want to be an old guy running this company—and soon...Read More