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
Cruise ship Carnival is also in the crosshairs as oil prices surge Stocks are lower today, and the Dow is on pace to snap its eight-day win streak as drone strikes in Saudi Arabia have oil prices skyrocketing, sparking even more geopolitical anxieties. Three stocks in particular moving on the news are cruise concern Carnival Corp (NYSE:CCL), as well as oil majors (and Dow stocks) Exxon Mobil Corp...Read More
TOL stock is headed toward its fifth straight winToll Brothers Inc (NYSE:TOL) stock is showing strength amid a down day for the broader equities market -- up 1.8% at $39.44, set to extend its winning streak to five. Today's pop has caught the eye of options traders, with single-session call volume already at a new 52-week peak.By the numbers, roughly 17,350 calls are on the tape at last check, alm...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce the Company has commenced integration with certain commercial vehicles of one of the largest automobile manufacturers in the United States for drivers to operate their Uniden(R) UV350 device through the control panels of the commercial fleet vehicles.The integration is geared t...Read More
Oil prices keep grinding higher after this weekend's events in Saudi ArabiaThe Dow Jones Industrial Average (DJI) is lower today, as investors try to gauge the impact of a sharp spike in oil prices on stocks. October crude futures were last seen adding to their recent strength, up 11.6% at $61.20 per barrel in response to the Saudi Arabia attacks. So while energy stocks are making huge moves highe...Read More
XRAY sports bargain-bin options at the moment, tooHealthcare stock Dentsply Sirona Inc. (NASDAQ:XRAY) has spent the past two months trading in a tight range between the $50 and $54 levels. Smack in the middle of this recent consolidation is a trendline that could have bearish implications in the coming weeks, if past is precedent. More specifically, XRAY is staring right up at resistance at its...Read More
Options are already popular on both stocksUber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) are both trading higher today following bullish analyst attention. HSBC released a note upgrading each stock to "buy," saying sentiment has turned bearish on UBER and LYFT shares, especially due to last quarter's poorly received numbers. The brokerage firm also said it was possible for the compa...Read More
DKS stock is coming off a four-week winning streakWells Fargo downgraded Dick's Sporting Goods, Inc. (NYSE:DKS) to "market perform" from "outperform," saying it's "moving to the sidelines," with the retail stock up 25% year-to-date through Friday's close at $39 -- in line with the brokerage firm's DKS price target. Wells Fargo also expressed concern over the sporting goods retailer's "ability to s...Read More
ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. On July 3, employees at Arbor Dental in Longview, Washington, noticed glitches in their computers and couldn't view X-rays. Arbor was one of dozens of dental clinics in Oregon and Washington stymied by a ransomware attack that disrupted their business...Read 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
An estimated 48,000 workers head to the picket lines this morningGeneral Motors Company (NYSE:GM) is in focus this morning, after labor union United Auto Works (UAW) went on strike overnight, since contract talks over the weekend stalled. There's an estimated 48,000 hourly workers reportedly headed for the picket lines this morning, the first nationwide strike at GM in 12 years.The UAW is calling...Read More
Rising oil prices could lead to higher costs for Delta Air Lines This weekend's drone strike at oil facilities in Saudi Arabia has done a number on the travel sector this morning, with investors afraid that a spike in oil prices will lead to higher costs for airlines. The shares of Delta Air Lines, Inc. (NYSE:DAL), in particular, are looking to snap their five-day win streak -- their longest sin...Read More
Crude production facilities in Saudi Arabia were attacked over the weekend Dow Jones Industrial Average (DJI) futures are below fair value this morning-- putting the blue-chip index's lengthy winning streak at risk -- with Wall Street spooked by a weekend drone attack on Saudi Arabian crude production facilities. This has oil prices eyeing their biggest one-day gain since February 2016, though, wi...Read More
The company plans on refreshing its entire EV lineup and introducing several new EV models. Speaking of which, has the Model Y production line been built yet?Read full newsRead More
Short-term risks have risen, from a chart perspective"In 2014, the SPX was rejected at 2,000, and a near-7% correction ensued over the next month. Ultimately, the historically significant, but unpopular, 320-day moving average marked an important bottom. And if the mid-August 2019 closing low at 2,840 marks a low, the pullback from closing high to closing low would be about 6%, with the bottom occ...Read More
It was trading at $1,503/oz earlier, ahead of a US Federal Reserve meeting later this week. Copper had finished last week up 2.5% on the London Metal Exchange after goodwill trade gestures between the US and China improved sentiment.Market futures are proving mixed at the start of the week.Rio Tinto (LSE: RIO) closed up about 2.2% in London on Friday, while metals and mining stocks closed 2.7% hig...Read More
The company has announced it has suspended works in one mining front at Brucutu, its second-largest iron ore mine behind the Carajás operation, but has been allowed to fully restart itsRead More
The scope of work to be carried out by Thiess includes overburden removal and haulage, coal mining and run of mine rehandling services, equipment maintenance and pit dewatering.This new contract is in addition to Thiess's existing scope of work for provisioning and maintenance of Coronado's electric shovel and supply of an ultra-class truck fleet.Coronado CEO Gerry Spindler said the new contract e...Read More
(IDEX Online) - Petra Diamonds today announced a 6-percent drop in its full year revenue to $463.6 million (FY 2018: $495.3 million). Diamond prices also dropped 5 percent.The company reported a net after-tax loss of $258.1 million compared to a net loss of $203.1 million in 2018.Production was up marginally over 2018 at 3.87 Mcts compared to 3.84 Mcts. Petra reported production of 705 Kcts for Ju...Read More
(IDEX Online) - Rio Tinto is showcasing the 64 pink and red diamonds that make up the 2019 Argyle Pink Diamonds Tender. The diamonds are being shown in Perth, Singapore, London and New York, with bids closing on 9 October 2019. The 64 diamonds in the collection weigh 56.28 carats and include six outstanding or "hero" diamonds. They are:Lot 1: Argyle Enigma,1.75-carat modified radiant Fan...Read More
Right before last week's Democratic debate, Elizabeth Warren revealed her plan to greatly expand Social Security.And then, during opening remarks, Andrew Yang said he wanted to pay 10 Americans "freedom dividends" worth $1,000 a month as a way of demonstrating his larger plan to do the same thing for everyone in the country.Now, both of these proposals are attempts to create larger social safety n...Read More