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
Anyone researching Pure Gold Mining Inc. (CVE:PGM) might want to consider the historical volatility of the share...Read full newsRead More
(IDEX Online) - Sarine Technologies has released a preliminary update for Q3 2019 in which it says it has returned to nominal profitability. The company said despite ongoing negative conditions in the mid-stream, revenues for the third quarter will be 20 percent better than those of the second quarter, hitting $14 million. This will allow for a nominal net profit. To keep expenses down,...Read More
(IDEX Online) - Longtime Jewelers Mutual executive David Sexton is retiring after 39 years with the company. He began at Jewelers Mutual in 1980 as an underwriting assistant and took on a range of roles before becoming vice president of Loss Prevention and Consulting in 2004.In this role, Sexton was responsible for the development, recommendation and implementation of Jewelers Mutual's loss p...Read More
(IDEX Online) - A 7.03-carat fancy blue diamond ring mounted by Moussaieff with an upper estimate of CHF 14 million ($14.2 million) is set to go under the hammer at Christie's Geneva Magnificent Jewels auction.Another headlining lot is a 46.93-carat D color, internally flawless diamond ring with a high estimate of CHF 4.5 million ($4.6 million).Among the other important lots are three Cartier...Read More
(IDEX Online) - Latest sales numbers from the National Retail Federation show almost no movement from August. Retail sales in September were down just 0.1 percent seasonally adjusted from August (+ 4.5 percent unadjusted year-over-year). The numbers exclude automobile dealers, gasoline stations and restaurants.According to the U.S. Census Bureau, overall September sales - including auto dealers, g...Read More
Anyone researching Pure Gold Mining Inc. (CVE:PGM) might want to consider the historical volatility of the share...Read full newsRead More
Gold miner St Barbara Ltd on Friday revised lower production guidance for its fl...Read full newsRead More
In 2011, Pretium Resources (TSX: PVG; NYSE: PVG) shares skyrocketed on some of the most extraordinary gold and silver grades ever reported in B.C.'s Golden Triangle. An early assay from the company's Brucejack project, 1,000 km north of Vancouver, returned an eye-watering 41,582 grams gold per tonne.But in late 2012, doubt started to take hold about the continuity of those grades, when an early re...Read More
According to the Centers for Disease Control and Prevention (CDC), every year about 735,000 Americans have a heart attack.Of these, 525,000 are a first heart attack and 210,000 happen in people who have already had a heart attack.The CDC says that heart disease takes the lives of around 600,000 Americans every year or 1 in 4 deaths. And, it's the leading cause of death for both men and women of mo...Read More
Publisher's Note: Mr. James Dines has been an expert on the market and its movements for decades. Today we have an excerpt for you from the latest issue of The Dines Letter that shows it.To your wealth,Nick Hodge Outsider Club Founder and PresidentDinesism #20: Bubbles are invisible to those inside the bubbles. Mass Psychology (page 331)One anomaly intrigues us: why have both the U.S. dollar and...Read More
Netflix stock reversed course, dragging down the tech sector Stocks suffered a steep slump today, with tech stocks among the top laggards as Netflix (NFLX) reversed yesterday's post-earnings pop. Meanwhile, the Dow ended the week on a 255-point dip, dragged lower by the latest Boeing scandal. The 737 Max parent wasn't the only blue chip receiving backlash today, though; an asbestos recall for its...Read More
VANCOUVER, Oct. 15, 2019 (Canada NewsWire via COMTEX) -- This news release constitutes aRead full newsRead More
The broader stock market is much lower this afternoon, thoughThe U.S. stock market is trading lower today on disappointing economic data out of China, though all three major indexes are headed toward weekly wins. Among individual stocks making notable moves today are skin disease specialists Dermira Inc (NASDAQ:DERM) and Menlo Therapeutics Inc (NASDAQ:MNLO). Here's a quick roundup of what's moving...Read More
The firm is set to release its third-quarter results before the open on MondayThe shares of oilfield services name Halliburton Company (NYSE:HAL) are getting a halo lift on Schlumberger's (SLB) third-quarter earnings and revenue beat -- out earlier today. The stock has added 1.6% to trade at $18.81 so far today -- eyeing its highest close this week. HAL will soon be joining it's sector peer in t...Read More
Dow earnings are expected to come in droves again next weekThe start to a fresh earnings season was at the forefront of headlines this week. The Dow Jones Industrial Average (DJI) locked in a 237-point win on Tuesday, surging on the back of early wins by JPMorgan Chase (JPM) and UnitedHealth (UNH). Eyes were also on the U.K., where Prime Minister Boris Johnson said a "great new Brexit deal" was dr...Read More
Put options are flying off the shelves after a Reuters reportThe shares of Boeing Co (NYSE:BA) are getting wrecked today, down 4.3% at $353.34, after Reuters reported that employees may have misled the Federal Aviation Administration (FAA) about a critical 737 MAX safety system. The planes have been grounded since a pair of fatal crashes earlier this year, and sources say the airline issue turned...Read More
Credit Suisse cut the equities to "underperform" and slashed their price targetsCredit Suisse weighed in on the retail sector today, downgrading a trio of stocks to "underperform" from "neutral" amid expectations for a sluggish holiday season. Specifically, the analyst firm cut its ratings on Gap Inc (NYSE:GPS), Victoria's Secret parent L Brands Inc (NYSE:LB), and department store concern Macy's I...Read More
However, the DJI and SPX are heading toward their second straight weekly winsThe Dow Jones Industrial Average (DJI) is off at midday --- and was down triple digits at its session lows -- but is still clinging to what would be its second straight weekly win. Theblue-chip index is shaking off a revenue beat from Coca-Cola (KO), and is instead being dragged down by Johnson & Johnson's (JNJ) baby po...Read More
Guggenheim just upped its price target on Domino's Pizza to $310Domino's Pizza, Inc. (NYSE:DPZ) is inching lower, despite a price-target hike from Guggenheim. The analyst lifted its price estimate to $310 from $280 -- a roughly 21% premium to last night's close -- and named the pizza chain its "best idea" in the restaurant space. The broker added that the stock maintains "superior value" despite t...Read More
STX stock has put in a strong performance in 2019Seagate Technology PLC (NASDAQ:STX) stock rallied hard off its early August lows near $42, eventually topping out at an annual high of $57.20 on Sept. 18. The shares have since consolidated some of these gains, but are trading near a trendline that's had bullish implications in the past -- suggesting a rally to new highs could be on the short-term h...Read More