The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
Lundin Gold (TSX: LUG) has produced its first dor?(C) bar at the Fruta del Norte (FDN) mine in southeastern Ecuador.The first export of concentrate and dore is anticipated by mid-December and the company is on track for commercial production in the second quarter of 2020. Lundin Gold expects the mine will produce 290,000 oz. gold next year.Otto Sonnenholzner, Ecuador's vice president, Minister of...Read More
John Hathaway, CFA, Tocqueville Asset Management.This episode Tocqueville's John Hathaway joins Northern Miner Group publisher Anthony Vaccaro at the 2019 Precious Metals Summit in Zurich. Hathaway discusses the current state of gold equities and how the bigger opportunities might lie with stocks that are underrepresented by gold ETFs such as GDX and GDXJ. Hathaway and Vaccaro are introduced by Je...Read More
World Diamond Council (WDC) president Stephane Fischler says that although the Kimberley Process (KP) requires a political process, it is in the collective interest of all participants that rough diamonds meet the expectations of the market.He opened the KP plenary meeting, in India, on Tuesday, which was expected to discuss the end of the KP’s three-year reform and review cycle and the futu...Read More
Dear Rich Lifer,'There's a myth that living trusts are only for the wealthy…'That's how the pitch starts.Living trusts, formerly known as revocable trusts, are marketed as a way for people to avoid the hassles and costs of probate.But what these slick salespeople won't tell you about living trusts is what I'm going to share today.Before we get too far along, let me start by saying that livin...Read More
All-new highs are being hit and investors are chasing it by flooding money back into the market.But the simple reality cannot be denied: We already paid a hefty premium for this uptick when it was baked into stock prices, and chasing it further without much to base it on will backfire.We're coasting on short-term hope, buying the same lines that we did a year ago - or two - for why to double down....Read More
Volkswagen's new ID.3 electric vehicle will be 40% cheaper to build than th...Read full newsRead More
Amazon avoids paying federal tax - for the second year in a row, according to a new report.Read full newsRead More
Oil prices dropped sharply, thoughStocks traded in a tight range today, but though the Dow, S&P 500, and Nasdaq closed near breakeven, all three indexes managed to grab fresh record highs. Trade uncertainty was hanging over equities early on, with the weakness spreading to the commodity space, where oil prices struggled. The action could pick up tomorrow, however, as earnings will come into focus...Read More
Colorado was built on mining, especially on gold. Today in Teller County that gold is providing jobs and helping fund communities.Read full newsRead More
Short-term MU options are pricing in low volatility expectations right nowMicron Technology, Inc. (NASDAQ:MU) is slated to report earnings in mid-December, and the chip stock has a history of making big post-earnings moves -- averaging a next-day swing of 7.2% over the last two years. One options trader on Friday wagered on another volatile earnings reaction for Micron, initiating a long straddle...Read More
The European Union is accusing Amazon of prioritizing merchants using its warehouse and delivery servicesThe shares of Amazon.com, Inc (NASDAQ:AMZN) are waffling around breakeven today, slightly higher at last check to trade at $1,738.34. This comes after Bloomberg reported over the weekend allegations from European Union antitrust regulatorsthat the e-tail giant is prioritizing merchants who util...Read More
CNC is pacing for its best close in monthsCentene Corp (NYSE:CNC) shares are building off of Friday's 5.3% rally, up 2.8% at $59.16, putting them on pace for the highest close since mid-March, and the first above the 320-day moving average since around the same time. Another weekly win this week would be an eighth straight for the healthcare stock, and even with the $60 region standing overhead as...Read More
Coty bought a sizable stake in Kylie Jenner's businessStocks are hitting fresh highs to start the week, although oil prices are lower. Among three names making notable moves higher today are biotech issue Karuna Therapeutics Inc (NASDAQ:KRTX), cosmetics concern Coty Inc (NYSE:COTY), and Russian online services stock Yandex NV (NASDAQ:YNDX). Here's a quick look at what's moving the shares of KRT...Read More
SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app ...Read full newsRead More
Canada's Saracen Mineral Holdings is the buyer.Read full newsRead More
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Read full newsRead More
Oil prices are plummeting todayThe Dow Jones Industrial Average (DJI) is hitting fresh highs today, boosted by big gains for Walt Disney (DIS) stock. However, the upside is modest, as energy giant Chevron (CVX) sells off with oil prices. Specifically, December-dated crude is down 1.8% at $56.71 per barrel. Wall Street is also watching for updates on the U.S.-China trade front, and digesting news o...Read More
URBN has been climbing higher since its mid-August lowsDespite receiving an early morning bull note from RBC to $28 from $23, Urban Outfitters, Inc. (NASDAQ:URBN) is down 2.7% at $30.22 today, potentially sinking alongside its sector peers. URBN may also be in focus for the options market, as the retailer is slated to report third-quarter results after the market close, tomorrow, Nov. 19. Urban...Read More
RACE's 10-day moving average caught its latest pullbackItalian carmaker Ferrari NV (NYSE:RACE) was unable to get a halo lift this morning from sector peer Ford's (F) big electric SUV announcement. At last check, RACE was down 1% to trade at $165.55, but the stock still flashing a bullish signal that could lead to new record highs. More specifically, RACE's recent Nov. 4 record high of $172.88...Read More
HUN stock is in focus this morning following bullish brokerage attentionChemical stock Huntsman Corporation (NYSE:HUN) has been consolidating on the charts since early September, recently finding nice support from the 200-day moving average. While the $24-$25 range -- site of the shares' early 2019 highs -- is certainly on the radar as potential resistance, HUN just snagged a bullish analyst note,...Read More