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
If you're interested in Highland Gold Mining Limited (LON:HGM), then you might want to consider its beta (a measure of...Read full newsRead More
The S&P and Nasdaq are lower, at last checkStocks are holding near record highs today. Following last week's third rate cut of the year, Fed speeches are in focus, with Chicago Fed President Charles Evans earlier categorizing the central bank's monetary policy as "accommodative." Looking ahead, Philadelphia Fed President Patrick Harker is slated to speak at 3:15 p.m. ET. M&A headlines are also on...Read More
The combination of high stock price and low IV has been bearish for SKX in the pastSkechers USA Inc (NYSE:SKX) has been rallying sharply since its late-August lows near $29, up 34%. The shares are now trading at $39.09, within a chip-shot of their July 19 annual high of $40.50, but one signal is suggesting it's time to brace for a pullback in the retail stock.Specifically, SKX stock's Schaeffer's...Read More
A worse-than-expected fourth-quarter forecast is dragging down Match stockThe shares of online dating name Match Group Inc (NASDAQ:MTCH) are down 5.3% at $65.10 today, following the firm's third-quarter earnings report. While the Tinder parent posted profits and revenue than beat analysts' estimates, the firm's fourth-quarter outlook fell short of expectations. Match cited rising competition from...Read More
Most traders are already skeptical on CTL sharesCenturyLink, Inc. (NYSE:CTL) is trading down 4.1% today at $13.11, after a bearish analyst note came through just before the company's post-close earnings release today. Guggenheim downgraded the shares to "sell" from "neutral," saying the company should consider suspending its dividend as margin pressure will begin to catch up with it. Most analysts...Read More
Stricter environmental rules leading to output cuts in world no 1 producer China contributes to quarterly decline.Read full newsRead More
Tesla Inc plans to double the number of repair and maintenance shops, add about ...Read full newsRead More
Earnings are in focus again, along with a surprise productivity slowdownStock futures are signaling tentative gains today, after notching even more record highs yesterday. Dow futures are roughly 25 points above fair value, as traders weigh a surprise drop in third-quarter nonfarm productivity -- its biggest decline since 2015 -- against Tuesday's upbeat data on the services industry and jobs mark...Read More
WEN has found support near its 80-day trendlineIt looks like those upbeat same-store sales estimates last month were on to something. The shares of Wendy's Company (NASDAQ:WEN) are up 4.5% in electronic trading this morning, after the fast-food chain reported third-quarter adjusted earnings and revenue that topped analysts' expectations. Wendy's also upped its full-year earnings growth guidance t...Read More
AAPL stock hit a record high on TuesdayApple Inc. (NASDAQ:AAPL) stock has been on a tear in the second half of 2019, up 51% since an early June bounce off the $170 level. The FAANG stock topped out at a record high of $258.19 yesterday, before settling just below there at $257.13. BofA-Merrill Lynch thinks there's more gas in the tank, too, saying in a note that there's still "significant room for...Read More
Is the front-month gamma-weighted SOIR a tradable indicator?Our Schaeffer's put/call open interest ratio (SOIR) measures the amount of put open interest relative to call open interest, using expiration dates within the next three months. A high number for this ratio indicates a lot of puts compared to calls. Another indicator that we use at Schaeffer's is an expiration-specific gamma-weighted SOIR...Read More
CEO: "Dr. Shane Beattie is a Leader in Lithium-Ion Battery Development"Appointment Follows Testing of Graphite One Material by Major U.S. Multinational EV ManufacturerVancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today the appointment of Dr. Shane D. Beattie as its Chief Technology Officer ("CTO") effective immediately. Dr. Beatt...Read More
LME-Fastmarkets lithium carbonate, CIF China, Japan and Korea 99.Read More
James Hyerczyk6 hours ago (Nov 05, 2019 6:42 PM GMT)Gold futures are trading sharply lower late in the session on Tuesday as sellers dumped the market following a sharp rise in U.S. Treasury yields, a surge in the U.S. Dollar against a basket of currencies, and firm demand for U.S. equities.The catalyst behind the selling pressure on Tuesday was likely the release of better-than-expected U.S. ISM...Read More
Christopher Lewis8 hours ago (Nov 05, 2019 4:59 PM GMT)Gold markets have broken down significantly during the trading session in early hours on Tuesday, as we should continue to see a lot of interest in the yellow metal due to central bank monetary policy, geopolitical concerns, and quite frankly a simple malaise when it comes to the currency markets. Ultimately, the $1500 level being broken to th...Read More
Keras' manganese project at Nayega in the west African country will start out shipping ore to smelter end users, but the company intends to produce manganese sulphate for the fertiliser and batteryRead More
(IDEX Online) - The Israel Diamond Exchange (IDE) has announced that the next edition of the International Diamond Week in Israel (IDWI) will be themed "I Love Natural Diamonds." The IDE said this theme is in keeping with its video campaign produced in cooperation with the World Federation of Diamond Bourses.As well as diamond trading, the boutique event will feature a series of TED-like talk...Read More
(IDEX Online) - The Swiss Gemmological Institute (SSEF) has said its Automated Spectral Diamond Inspection (ASDI) device performed with 100-percent accuracy in an evaluation by the Diamond Producers Association's ASSURE testing project.The ASDI device, which was first released in 2014, can screen 6,500 small diamonds an hour.The testing was carried out by UL Verification Services, Inc., an in...Read More
(IDEX Online) - Kleinfeld Bridal is best known for its starring role on the reality TVs show Say Yes to the Dress. Now the retailer has partnered with Reeds Jewelers to create its first bridal jewelry collection.The collection of engagement rings and wedding bands are inspired by the selection of wedding dresses available at Kleinfeld. An as an homage to Kleinfeld's Manhattan flagship store,...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalDuring the results conference call president and chief executive Mark Bristow stressed the need for miners to take heed of social movements if they wanted to continue to exist.Read More