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
Short-term PG options are relatively cheap at the momentConsumer products powerhouse Procter & Gamble Co (NYSE:PG) has been driving up the charts since last October. PG has tacked on 46% over the past 12 months, and now sits above its $300 billion market cap. With this foundation in place, now is the perfect time to buy calls. The security's Schaeffer's Volatility Index (SVI) of 17% ranks in...Read More
PLUG is running into technical resistance, thoughPlug Power Inc (NASDAQ:PLUG) announced this morning that the company is continuing its partnership with Europe's Engie to expand renewable energy services around the globe. Still, PLUG shares were last seen down 2.2% at $2.70, stalling out again in the $2.80 region that's capped previous rallies this year. This comes after a sharp bounce from the 20...Read More
Both bulls and bears are getting in on the actionIt's been a volatile week for oil prices, which nabbed their biggest one-day gain in a decade yesterday on news of weekend airstrikes against Saudi Arabian crude production facilities. Today, October-dated crude futures are down 4.6% at $59.98 per barrel, after Reuters reported Saudi Arabia will restore output earlier than anticipated. This whipsaw...Read More
Cybercriminals profit by infiltrating dozens of businesses or public agencies with a single attack, while the beleaguered managed service providers and their incapacitated clients squabble over who should pay the ransom or recovery costs.Read full newsRead More
Pancontinental Resources Corporation is pleased to announce that it has closed an oversubscribed non-brokered private placement.Read full newsRead More
Bank stocks have been booming this monthBank stocks have roared higher in September, with the Financial Select Sector SPDR Fund (XLF) up roughly 9% since a late-August bounce off familiar support near $26. The fund gapped above the $27 level earlier this month as the broader equities market rallied on upbeat U.S.-China trade headlines, and strung together a five-day winning streak last week. And t...Read More
The theme park's top executive stepped down after just seven months Stocks are trading mixed today, but little changed overall, as investors continue to eye volatile crude oil prices and a looming Fed policy decision. Three stocks in particular making moves, though, are drugmaker Evoke Pharma Inc (NASDAQ:EVOK), restaurant name Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), and aquarium conc...Read More
OG DNA Genetics Inc. and Generic Gold Corp. are pleased to announce that they have entered into a definitive agreement.Read full newsRead More
Stocks are searching for direction as the Fed meeting beginsThe Dow Jones Industrial Average (DJI) is lower again today, setting up the potential for a second straight loss for the 30-stock index. Oil's reversal after Monday's gains is weighing on the market, as October crude futures slide 5.2% to $59.61 per barrel. The energy sector is underperforming as a result, though the S&P 500 Index (SPX) a...Read More
MTCH shares are bouncing from their 80-day moving averageMatch Group Inc (NASDAQ:MTCH) is trading up 1.1% at $77.47, after Citigroup gave the stock a "buy" rating, citing the company's opportunity in international markets -- though the brokerage firm also deemed the equity "high risk." MTCH shares have pulled back some since their record high of $95.32 from Aug. 7, but in recent days they've been...Read More
J.P. Morgan Securities lifted its rating on SPLK stock to "overweight"J.P. Morgan Securities upgraded Splunk Inc (NASDAQ:SPLK) to "overweight" from "neutral," saying the data analytics software company's $2 billion second-half bookings target may be a positive catalyst. The brokerage firm also said it expects "a long runway of growth given the company's evolving use cases and expanding platform."I...Read More
HD is testing its 20-day moving average this morningThe shares of Home Depot Inc (NYSE:HD) are down 1.2% to trade at $228.31 today, after Guggenheim cut its rating on the home improvement retailer to "neutral" and removed its $230 price target. The analyst in coverage is bearish on HD's relative valuation, and does not see a path to margin expansion in 2020 amid increased capital spending and exp...Read More
Newmont Goldcorp said on Sunday it has temporarily suspended operations at the P...Read full newsRead More
Tom Camacho offers a fresh perspective on how to draw out the best in ourselves and in those around us.Read full newsRead More
The analyst thinks ZNGA is in a strong position ahead of an anticipated sector consolidationThe shares of online gaming issue Zynga Inc (NASDAQ:ZNGA) are up 2.2% in pre-market trading, after Stephens dubbed the name its "Best Idea" in video games, replacing sector rival Electronic Arts (EA). The analyst said ZNGA is "well positioned" ahead of an anticipated consolidation in the video game space ov...Read More
Oil prices have turned lower today Dow Jones Industrial Average (DJI) futures are trading below fair value this morning, as uncertainty lingers following weekend airstrikes on crude production facilities in Saudi Arabia. Oil prices are down, too, following Monday's massive surge, with October-dated crude futures off 1.3% at $61.99 per barrel.Traders are also turning their attention to the two-day...Read More
The bond ETF has retraced its steps after a breakout AugustAs you may recall, it was an unusually bullish August for the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) -- even allowing for the exchange-traded fund's (ETF's) documented tendency toward positive summertime trading returns.The long-term U.S. Treasury tracker closed the month with a share price gain of 10.8%, marking TLT's strongest m...Read More
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) (theRead full newsRead More
A nickel mining hub in the southern Philippines, which produces mostly high-grad...Read full newsRead More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More