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
Hamilton - The Government of Ontario will launch consultations to identify potential changes that would allow farmers to expand the emerging renewable natural gas market in Ontario and make ...Read full newsRead More
Investors also digested the latest Fed meeting minutesThe Dow turned in a triple-digit loss today, dragged lower by reignited U.S.-China trade tensions. A Reuters report indicated a "phase one" trade deal may not be reached until next year. On top of that, Chinese officials are unhappy after the U.S. Senate passed measures supporting Hong Kong protesters. The S&P 500 and Nasdaq also closed in the...Read More
The world's No. 1 copper producer is expected to ink a deal with Ecuador's Enami this week, to jointly develop the massive Llurimagua deposit.Read full newsRead More
AT&T options volume has ramped up today, tooThe Dow is lower today, as U.S.-China trade woes weigh on Wall Street. Among three names making notable moves today are Chinese stock Pinduoduo Inc (NASDAQ:PDD), telecommunications giant AT&T Inc. (NYSE:T), and biotech Cancer Genetics Inc (NASDAQ:CGIX). Here's a quick look at what's moving the shares of PDD, T, and CGIX. PDD Breaches Key Trendline...Read More
Nordstrom will post its third-quarter earnings after the close tomorrow Nordstrom, Inc. (NYSE:JWN) will take its turn in the retail-heavy options arena after the close tomorrow evening, and is selling off before hand. Sector headwinds, brought on by dismal earnings from Home Depot (HD) and Kohl's (KSS), has the equity down 3.5% to trade at $34.24 so far today, on course for its third consecutive d...Read More
E*TRADE stock just ran into a trendline with bearish implications The shares of E*TRADE Financial Corp (NASDAQ:ETFC) have been on a tear since bottoming out at a two-year low of $34.68 in early October -- tacking on roughly 29% since then, and popping north of their year-to-date breakeven level late last week. This rally may have come to a head, however. While ETFC is trading higher today, it's on...Read More
Vancouver, British Columbia, Nov 19, 2019 (Newsfile Corp via COMTEX) -- Vancouver, British Columbia--(Newsfile Corp. - November 19, 2019) - Outcrop Gold...Read full newsRead More
Mexus Gold US (MXSG) ("Mexus" or the "Company) confirmed that leaching commenced 11/12/2019 at its Santa Elena mine located in Caborca, Mexico.To mitigate this problem the company installed an automated Ph/Cyanide aeration control pumping system which was tested and worked as expected.Mexus PresidentRead full newsRead More
China will cut its renewable power subsidy to 5.67 billion yuan ($806.50 million...Read full newsRead More
Both L Brands and Nordstrom are sinking ahead of earningsStocks are struggling at midday amid lingering concerns over U.S.-China trade negotiations. Although the major benchmarks have come off their intraday lows, the Dow Jones Industrial Average (DJI) is down more than 90 points at last check on sharp losses forconsumer products specialist 3M (MMM). The S&P 500 Index (SPX) is also in the red, whi...Read More
Tilray still remains close to its Nov. 15 record lowWeed stock Tilray Inc (NASDAQ:TLRY) is up 5.2% at $21.02 today, and the mini-rally has options traders coming out of the woodwork. It's not to bet on more losses though, and it appears some traders are calling a bottom on the struggling cannabis concern. More specifically, calls are being traded at 1.7 times the average intraday amount today, wh...Read More
Northwest European oil refining margins turned negative on Tuesday, falling to a...Read full newsRead More
Global oil refiners have upgraded processing units and adjusted operations to ra...Read full newsRead More
The US regulator decided to proceed with the probe of the company last week after a meeting with Brazilian prosecutors.Read full newsRead More
Urban Outfitters posted third-quarter results that missed analysts' estimates The shares of apparel retailer Urban Outfitters, Inc. (NASDAQ:URBN) are trading back near their late-September levels this morning, following a badly received third-quarter earning report. The firm posted revenue of $987 million that missed analysts' consensus estimate, citing weakening demand for its women's clothing br...Read More
One brokerage firm likes Intelsat's risk/reward profileIt's been a volatile stretch for Intelsat SA (NYSE:I) stock, as evidenced by its 30-day historical volatility of 237.1% -- an annual high. Most of this action has been to the downside, after the Federal Communications Commission (FCC) backed a public auction for C-band spectrum, with I shares plunging from a Nov. 5 intraday peak at $26.90 to y...Read More
ARAV is heading toward its highest close since June 2018Once more, a surging biotech sits at the top of the Nasdaq after positive data for a cancer drug. Today its Aravive Inc (NASDAQ:ARAV), up 106% to trade at $13.78, after the Texas-based firm's ovarian cancer treatment reported positive data in an early-stage trial. It's set to be Aravive's best single-session gain ever by a wide margin, and...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q2 2019, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars. The Company will host a conference call on Thursday, November 21 at 10:00 A.M. Cent...Read More
A Wall Street Journal report said an impasse between the U.S. and China might thwart the "phase one" dealStock futures are pointing lower today after the Wall Street Journal said recent trade talks between the U.S. and China could soon come to an "impasse," which could stop the much-anticipated phase one agreement from happening. This comes shortly after President Donald Trump's threat to raise ta...Read More
A look at how stocks perform when the 20-day historical volatility falls below 5%The S&P 500 Index (SPX) has been grinding higher for several weeks now. With the slow grind, the 20-day historical volatility (HV) is on the verge of falling below 5% -- a rare feat. Low volatility usually corresponds to positive returns, and with the S&P 500 up six straight weeks, this time is no different. This week...Read More