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
SKWS stock is eyeing its longest daily losing streak in a yearIt's been a rough stretch for Skyworks Solutions Inc (NASDAQ:SWKS) stock. The shares are down 0.6% today to trade at $79.77, headed toward their sixth straight daily loss -- their longest losing streak since last September. Today's drop comes even after Cascend Securities boosted its SWKS price target to $95 from $90, pointing to 5G inf...Read More
A fresh gold discovery by Barrick Gold Corp in Nevada isRead full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that the Company has received a purchase order of $800,000 for its UR7 rugged handsets. Built on the Android operating system, the UR7 is a unique LTE rugged clamshell smartphone device that has a large Push-to-Talk (PTT) button and crystal clear cellular call quality via dual...Read More
The gold fund hit a three-year peak in early SeptemberGold prices have been surging since June amid increasing U.S.-China trade tensions and signs of a slowing global economy. This positive price action has been seen in the VanEck Vectors Gold Miners ETF (GDX), which tapped a three-year high at $30.96 on Sept. 4. The exchange-traded fund (ETF) has since eased back from this peak, and one options t...Read More
There's also big downgrade potential weighing on CLREnergy stocks have been in focus lately amid the rampant volatility in oil prices. This has translated into outsized gains for Continental Resources, Inc. (NYSE:CLR), up 17% in September. However, this surge has a downside; it takes the oil & gas name right up to a trendline with historically bearish implications. More specifically, CLR has run...Read More
CyberArk Software stock just pulled back to it 52-week moving average Cybersecurity name CyberArk Software Ltd (NASDAQ:CYBR) is eyeing its fifth consecutive win today, set for its biggest weekly gain since the stock hit a record high of $148.74 back in late July. While the equity has cooled since then, a sharp bounce off the $97 region, as well as a historically bullish trendline, suggests CYBR co...Read More
Microsoft is higher after the tech giant unveiled a new share repurchase programThe Dow Jones Industrial Average (DJI) is higher at midday, with Microsoft (MSFT) stock the best of the blue chips amid buyback buzz. Stocks are also reacting to upbeat economic data -- namely, an unexpected rise in existing home sales in August, and a slimmer-than-forecast decline in the Philadelphia Fed's manufacturi...Read More
Two massive blocks of puts traded in the EWH December options series early todayOptions are active early today on the iShares MSCI Hong Kong ETF (NYSEARCA:EWH), with roughly 52,000 puts changing hands in the first hour of the session -- representing 16 times the expected intraday volume, according to Trade-Alert. A closer look at the most active EWH option strikes today reveals that most of the pu...Read More
China Gold is aggressively looking to add to its project pipeline.Read full newsRead More
Now that bullion is back in favor, many miners are playing it safe.Read full newsRead More
TGT options traders have been loading up on putsThe shares of Target Corporation (NYSE:TGT) are up 0.4% to trade at $107.37 today, after the retailer announced a new $5 billion share buyback plan, which will be completed in its 2020 fiscal year. Target also unveiled a quarterly dividend payment of 66 cents per share.Target stock remains within striking distance of its Sept. 6 record high of $110....Read More
The firm widened its third-quarter loss forecast to 35 cents per shareThe shares of United States Steel Corporation (NYSE:X) gapped lower at the open today, and are now trading down 13.9% at $10.72, after the company late Wednesday updated its third-quarter forecast to a loss of 35 cents per share -- arriving well below the consensus estimate for a loss of 7 cents. The firm cited falling steel pri...Read More
The Dow stock appears headed for its longest winning streak since early AugustMicrosoft Corporation (NASDAQ:MSFT) stock has made a definitive move higher this morning -- up 1.4% at $140.50 -- on news the tech giant's board of directors approved an 11% quarterly dividend hike and a new stock buyback program of up to $40 billion in share repurchases. MSFT also said its annual investor day will fall...Read More
Yet another analyst migrated to the bullish camp for cloud stock TWLOCloud communications specialist Twilio Inc (NYSE:TWLO) is in the bullish spotlight today, after Morgan Stanley upgraded the stock to "overweight" from "equal weight." The brokerage firm also raised its price target on TWLO to $135 from $130, implying expected upside of about 20% to Wednesday's close at $112.55.On the charts, TWLO...Read More
Deputy negotiators from both countries will meet todayIt's poised to be a lower start on Wall Street today, with futures on theDow Jones Industrial Average (DJI) trading just below fair value. This comes after a divided Fed sent markets to a mixed finish on Wednesday, while today, traders are eyeing a round of U.S.-China trade talks, with deputy negotiators from both countries meeting face-to-face...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") intends to complete a non-brokered private placement of units of the Company ("Units") at a price of $0.05 per Unit, for anticipated aggregate gross proceeds to the Company of approximately $1.5 million (the "Offering").Each Unit is expected to be comprised of one common share of the Company ("Common Share") and...Read More
President and CEO Tim Moody, who spent 24 years with Rio Tinto including five as exploration director, said: "The scale of the target on the Torrubia copper trend is very attractive."The company said yesterday it had started drilling the large and untested Torrubia North target at its Águilas project, to test a high priority soil copper anomaly of up to 1.9km by 350m, where grab samples had...Read More
Morgan said he would not disclose which countries "because there are commercial negotiations going on, but we are talking to three people in various countries within the region".Read More
Newmont suspended the mine for the second time this year on Sunday after a blockade began again over water and contractor issues. Newmont Goldcorp Mexico director of external relations told Reuters the company had made "a very generous offer" but the blockade leaders were demanding hundreds of millions of dollars in cash for themselves.However local leader Felipe Pinedo denied the allegation...Read More
Ed Bridge, Chairman Emeritus of Ben Bridge Jeweler, Inc, is the 2020 recipient of the GEM Award for Lifetime Achievement. The award has been made in honor of his dedication to Ben Bridge and the jewelry industry throughout his career. The award ceremony will take place at the annual Gem Awards. The Gem Awards honor the outstanding achievements of individuals or companies whose work raises the...Read More