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
HARARE – Zimbabwe’s mining industry has appealed to the government for help, saying output is slumping as the state-owned power company fails to honour electricity-supply contracts.Zesa Holdings has broken its promise to “ring-fence” supplies to miners, Zimbabwe’s Chamber of Mines wrote in a letter last week to Finance Minister Mthuli Ncube. With some companies lackin...Read More
The trade war with China continues to dominate headlines.Yet there is no depth to it. It focuses on the short term, like the so-called "Phase One" deal.Never mind that there is no actual "Phase Two" to mention. Or that it is just a slight rollback even if it goes ahead.Even less mentioned are the other facets in play: Chinese ambitions in the South Pacific, economic capture through debt owed to Ch...Read More
China said it'll finally make moves on intellectual propertyStocks rallied today thanks to positive headlines around U.S.-China trade relations, with the latter country saying it will raise penalties for intellectual property theft. A flurry of corporate dealmaking also added to the bullish bias, as the tech sector -- and chip stocks in particular -- helped lead the market higher. The S&P 500 and...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
The volatile price action comes during a strong day for the broader stock marketWhile the S&P and Nasdaq notch new highs today, three stocks in particular in the spotlight are biotechs Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), Intercept Pharmaceuticals Inc (NASDAQ:ICPT), and Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Below, we'll look at what's behind ARWR, ICPT, and TEVA's big moves to...Read More
Options volume is triple the average intraday paceThe shares of eBay Inc (NASDAQ:EBAY) are trading up 1.9% at $35.80, after the company said it is selling StubHub to ticket reseller Viagogo for $4.05 billion in cash. The pop has sparked a rush of activity in EBAY's options pits, with volume running at three times the average intraday pace -- and a number of speculators targeting even more upside t...Read More
Put traders are pouncing on XRT as the holiday season approachesRetail earnings have been a point of focus in recent weeks, so we were taking a look at the sector's primary exchange-traded fund (ETF), SPDR S&P Retail ETF (XRT). As far as options data is concerned, traders have started to take a more put-skewed approach with more earnings due out this week from the sector, and of course the holiday...Read More
Livent's subsidiary FMC - Minera del Altiplano pitched into a trust fund that allowed for the building of a 600.3-kilowatt solar farm in the Andes.Read full newsRead More
The company is slated to report earnings tonightCybersecurity name Palo Alto Networks Inc (NYSE:PANW) is up 1.2% at $249.87 this afternoon. Options traders look to be gearing up for the company's fiscal first-quarter earnings, which is slated for after the close today. On the charts, PANW has resumed its climb higher, with help from the 100-day moving average a few weeks back. Longer term, the e...Read More
Nov 22, 2019 (Baystreet.ca via COMTEX) -- Wall Street loves nothing better than a solid discount gold story… Especially at a time when gold prices...Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2019) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (theRead full newsRead More
Tesla CEO Elon Musk said in a tweet this weekend that 200,000 pre-orders for its Cybertruck have already been placed The shares of Tesla Inc (NASDAQ:TSLA) have turned themselves around since Friday's disastrous unveiling of its new electric pick-up truck, the Cybertruck. In fact, the stock is up 2.3% at $340.72 at last check. Options are running slightly hotter than usual today. So far 103,000...Read More
M&A headlines are in focus today, tooStocks are soaring today, with the technology sector leading the way higher on reports Beijing is seeking greater protection for intellectual property rights -- a key hurdle in U.S.-China trade negotiations. Wall Street is also sifting through an onslaught of M&A headlines, including news Charles Schwab (SCHW) will buy fellow broker TD Ameritrade (ATMD), and Fr...Read More
The movie notched $127 million in box office sales for its opening weekend The shares of Walt Disney Co (NYSE:DIS) are inching higher this morning, up 0.5% at $149.10 at last check, after "Frozen II'" collected $127 million in U.S. box office sales during its opening weekend -- making it the third biggestopening ever for an animated movie. The film's box office sales fell in line with analysts' ex...Read More
Our options-based "hedging ratio" lines up pretty well with S&P price extremesThe following is a reprint of the market commentary from the December 2019 edition of The Option Advisor, published on November 22. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Not to be outdone by the stock market's run to new records,...Read More
The rate of call buying on Netflix is at multi-month highsNetflix Inc (NASDAQ:NFLX) is trading down 0.7% this morning at $308.37, following a downgrade to "underperform" from "market perform" at Wells Fargo, which also dropped its price target to $265 from $308. The brokerage firm believes the streaming company won't be profitable per subscriber until 2022, and is concern that it's still losing $2...Read More
NVDA has had a wicked climb up the charts in recent monthsChip stock Nvidia Corporation (NASDAQ:NVDA) is up 4.4% at $220.25 this morning, fresh off a 13-month high of $220.34, thanks to a raving bull note out of Morgan Stanley. The brokerage firm handed out an upgrade to "overweight" from "equal weight," and hiked its price target to $259 from $217 -- a nearly 23% premium to Friday's close of $21...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") has entered into a negotiated arrangement, whereby it has terminated its option to purchase a 223-acre tract of land in Independence county, Arkansas. As part of the termination arrangement, the parties also agreed to release Select Sands America Corp. from its obligations under a promissory note originally securin...Read More
U.S. national security advisor Robert O'Brien predicted a trade agreement will be reached by the end of 2019Stock futures are signaling another rally today, following Friday's last minute turnaround. Dow futures are roughly 81 points above fair value after comments on Saturday from U.S. national security advisor Robert O'Brien suggested a "phase one" trade deal between the U.S. and China could be...Read More
Answering Mining's Big QuestionsRead full newsRead More