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
Kirkland Lake Gold and Detour Gold are joining forces.Read full newsRead More
Amazon is one of the worst S&P stocks for December With the unofficial start to the holiday shopping season kicking off during Black Friday, investors might be interested to see which stocks tend to do the best, and which are notorious underperformers next month. One name that could come as a surprise is Amazon.com, Inc. (NASDAQ:AMZN). In fact, the e-commerce giant is the only FAANG name to show u...Read More
There's a lot of pessimism around THC to be unwound The shares of Tenet Healthcare Corp (NYSE:THC) are up 2% to trade at $32.56 today, just a chip-shot off Monday's annual high of $32.89. There's reason to believe more highs are on the horizon, with the healthcare stock flashing a bullish signal for the final month of 2019. More specifically, THC's Monday high comes amidhistorically low implied...Read More
In 2018, South Korea's SK Innovation beat its larger, local rival LG Chem t...Read full newsRead More
Third-quarter GDP was better than expectedStocks are little changed at midday, as traders look ahead to tomorrow's Thanksgiving Day holiday. While the price action is muted, there's plenty of economic data to digest, including a stronger-than-anticipated reading on third-quarter gross domestic product (GPD) and an eighth straight monthly rise in consumer spending in October. At last check, the Dow...Read More
It's definitely not retail, based on historical dataRetail has been the main focus of Wall Street ahead of the holiday season, but it turns out the retail sector has not been a top performer in December during the past 10 years. Instead, the media sector, represented by the PowerShares Dynamic Media Portfolio ETF (PBS) has done well in the month, according to data from Schaeffer's Senior Quantitat...Read More
VMware posted third-quarter earnings and revenue that both beat analysts' estimates The shares of software concern VMware, Inc. (NYSE:VMW) are up 2.3% to trade at $168.75 this morning, after the firm posted third-quarter profits of $1.49 per share, and revenue of $2.46 billion -- both of which beat analysts' estimates. VMware cited strengthening sales for its Hybrid Cloud subscription and SaaS.Ana...Read More
DE is set to breach a key trendline todayA notable earnings loser this morning is Deere & Company (NYSE:DE). Although the machinery company reported fiscal fourth-quarter earnings and revenue that topped estimates, Deere issued a full-year profit forecast that fell short of analyst expectations. CEO John May cited "lingering trade tensions" and severe harvesting conditions as catalysts for the dr...Read More
Options traders have taken a put-focused approachPVH Corp (NYSE:PVH) has been one of a number of retailers to report earnings in recent days, with Monday's post-close report initially sending the shares higher in yesterday's trading -- only to see them ultimately close 0.5% lower at $100.05. The round-number $100 price point seems to be acting as a magnet for the stock, after previously representi...Read More
Upbeat trade comments from Trump have stock futures pointed higher this morning Stock futures are pointing to a positive open ahead of the Thanksgiving holiday,as U.S. President Donald Trump said the U.S. and China are in the "final throes of a very important deal." The comments followed a phone call between the two nations in which negotiations were discussed, and an agreement to keep working thr...Read More
How Black Friday has been a signal for stocks in the past 30 years Thanksgiving is upon us tomorrow, followed by one of the busiest shopping days of the year. Black Friday, evidently, isn't necessarily the busiest shopping day of the year as retailers run deals earlier and online shopping has become more popular. It still marks the unofficial beginning of holiday shopping. Next week, reports of Bl...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), today announced its financial results for the three months ("Q3 FY19") and nine months ended September 30, 2019 ("YTD").Key Highlights:Revenues for three months ended September 30, 2019 increased 217% to $3,178,495 compared to $1,003,362 for the three months ended September 30, 2018. Revenues for the nine...Read More
Christopher Lewis8 hours ago (Nov 26, 2019 4:36 PM GMT)Gold markets pulled back a bit during the trading session on Tuesday, reaching towards $1450 level, an area that was previous resistance. At this point, that previous resistance at the top of the ascending triangle has held the market up, which is basically what needs to happen in order for gold to continue going higher. There is the possibili...Read More
Speaking in London this week, Resource Capital Funds' Ross Bhappu, LinQ managing director Clive Donner and Tembo Capital principal David Street said prolonged under-investment in new supply capacity,Read More
The investment is being made in the Western Turner Syncline phase two mine (WTS2), part of the Greater Tom Price operations.The project comprises existing and new deposits, a new crusher and a 13km conveyer.The new conveyor system will help lower greenhouse gas emissions from the mine by 3.5% compared to road haulage.Rio said it was assessing additional options to reduce emissions including renewa...Read More
(IDEX Online) - Robert Weldon, director of the RTL Gemological Library & Information Center at GIA, has been awarded the Antonio C. Bonanno Award for Excellence in Gemology for 2020.The award is given by the Accredited Gemologists Association (AGA).Before joining the GIA, Weldon worked as a journalist at both JCK and Professional Jeweler, which he helped found. He has photographed some of the...Read More
Galena provides a leading lightSPONSOREDgalena miningThat gloomy view, in the latest copper-market analysis from Credit Suisse, is at odds with how some other banks and hedge funds see the outlook for copper which is the metal most directly plugged intoRead More
Sarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The initiative, led by former mining union leader senator Napoleón Gomez, seeks to reform the federal work and social security law to ban outsourcing except for activities that expressly require a specialisation beyond the core activity of the contractor.Senator Gomez, who is openly critical of the pr...Read More
Galena provides a leading lightSPONSOREDgalena miningIt said the final set of results from summer exploration had extended the Sherlock corridor further to the west, while the Columbo zone to the east opened a new frontier for surface exploration inRead More
Sarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The company's geological hypothesis is that it will encounter more mineralisation to the north of AntaKori in the area now permitted for drilling where there are various geophysical anomalies which it believes may represent mineralization related to a porphyry centre (the magnetic low) surrounded by an annul...Read More