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
Bloomberg said some Chinese officials are concerned about Trump's "impulsive nature"The Dow lost 140 points today, as sentiment over trade negotiations between Washington and Beijing continued to sour, dampening positive earnings from FAANG names Apple (AAPL) and Facebook (FBB). Specifically, a report from Bloomberg said some Chinese officials are wary over a long-term trade deal amid concerns ov...Read More
GoldSpot Discoveries Corp. is pleased to announce it has commenced a four-year collaboration with the Metal Earth project.Read full newsRead More
Apple CEO Tim Cook pointed to strong demand for the new iPhone 11The U.S. stock market is spiraling today, with Wall Street spooked by U.S.-China trade headlines and a formal vote in the House of Representatives to proceed with the impeachment inquiry into President Donald Trump. However, not all stocks are trading lower, with the shares of tech giant Apple Inc. (NASDAQ:AAPL) and smartphone suppli...Read More
Silver Spruce Resources is pleased to announce the completion of its field due diligence program on the Melchett Lake Zn-Au-Ag project.Read full newsRead More
DLTR is pacing for its longest losing streak in yearsDollar Tree, Inc. (NASDAQ:DLTR) has been getting hammered since its record high of $119.71 on Oct. 22, today down another 2% at $109.84, putting it on pace for a seventh straight loss -- what would be its longest losing streak since 2014. However, historical data says a quick turnaround is ahead, as DLTR stock has been positive in November in ni...Read More
This is the biggest 8-month drop since July 1980...Read full newsRead More
CROX options were attractively priced upon recommendationSubscribers to Schaeffer's Weekend Trader Series service just scored a nice profit on the Crocs, Inc. (NASDAAQ:CROX) January 2020 29-strike call. Below, we'll explain why we expected a big surge from CROX shares, and how the winning trade unfolded in just over two weeks.At the time of our initial recommendation on Sunday, Oct. 13, footwear...Read More
One name got slapped with an "underperform" ratingWith earnings season in full swing, traders are reacting to a deluge of quarterly confessions today. Two such names that just threw their hats into the earnings ring are Paris-based marketing firm Criteo (NASDAQ:CRTO) and chip manufacturer Cree, Inc. (NASDAQ:CREE). Below, we'll take a look at the post-earnings analyst attention surrounding CRTO and...Read More
RTN stock hit a two-year high earlier this weekRaytheon Company (NYSE:RTN) shares came barreling into 2019, surging more than 30% from their late-December lows near $144 to their late-February highs around $188. The defense stock spent the next several months churning in a tight range just below its first-quarter peak, before taking a sharp bounce off its 50-week moving average in late August.This...Read More
Renforth Resources Inc. (CSE:RFR, OTC:RFHRF) offers shareholders the following updateRead full newsRead More
A global inquiry into how mining companies store billions of tonnes of waste in ...Read full newsRead More
Europe's largest copper producer Aurubis AG remains on the hunt for takeove...Read full newsRead More
November series puts have been popularSplunk Inc (NASDAQ:SPLK) is trading 1% lower today at $119.31, but the shares could be flashing a buy signal right now. Data from Schaeffer's Senior Quantitative Analyst Rocky White highlights a recent pullback to the80-week moving average, and the previous nine meet-ups with this long-term trendline have yielded an average three-month gain of 7.9%. However, c...Read More
It'll be another busy earnings scheduleThe upcoming earnings schedule doesn't feature as many Dow components as recent weeks, with just Walt Disney (DIS) set to report, but there are still a number of notable companies on the list. Early in the week traders will hear quarterly results from Uber (UBER) and Shake Shack (SHAK), with names like Square (SQ) andDropbox (DBX) due to report later on. Belo...Read More
Facebook and Apple are higher after earnings, thoughThe Dow Jones Industrial Average (DJI) is sharply lower at midday -- and was down nearly 250 points at its session lows -- as U.S.-China trade tensionsovershadow another busy day of earnings. A Bloomberg report, citing unnamed sources, indicated the Chinese government has doubts about a long-term trade deal and President Donald Trump's "impulsi...Read More
BRIEF-Sandspring Resources Proposes Name Change To Gold X Mining:BRIEF-Sandspring Resources Proposes Name Change To Gold X Mining CorpRead full newsRead More
At least four analysts have issued price-target cuts on Etsy stock The shares of online retail giant Etsy Inc (NASDAQ:ETSY) are sinking today, following a mixed third-quarter report. The firm posted earnings of 12 cents per share, which fell in line with the consensus estimate, but came in lower than last year's profits. And while its $197.9 million in revenue beat expectations, the company also r...Read More
The cloud stock lowered its full-year profit forecastTwilio Inc (NYSE:TWLO) reported adjusted third-quarter earnings of 3 cents per share on $295.1 million in revenue -- more than analysts were expecting. However, the cloud concern also said base revenue for the three-month period missed estimates, and it lowered its full-year profit forecast and tightened its revenue guidance, which is likely wha...Read More
Twitter stock has struggled since its early September peakJust one week removed from its catastrophic post-earnings plunge, Twitter Inc (NYSE:TWTR) is suffering another steep pullback today, this time after the company announced plans to ban all political ads from its platform beginning Nov. 22. Twitter CEO Jack Dorsey explained, "we believe political message reach should be earned, not bought,"...Read More
Dicerna Pharma inked a licensing agreement with RocheNear the top of the Nasdaq this morning sit two drug stocks. First up is Dicerna Pharmaceuticals Inc (NASDAQ:DRNA), after the company scored a research and licensing agreement with Roche AG. The two will develop treatments for chronic hepatitis B, with Dicerna getting $200 million up front and up to $1.47 billion in milestone payments. In resp...Read More