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
SNE's rally could continue in the short termSony Corp (NYSE:SNE) has been hot on the charts, today eyeing its best close since almost a year. The shares were last seen at $60.32, putting their year-to-date gain at roughly 25%, and our internal data suggests SNE could keep pushing higher. Specifically, a study from our Senior Quantitative Analyst Rocky White pegged Sony as a name that could benefit...Read More
The Company Expects Strongest Quarter to Date with Revenue of $5.2MRead full newsRead More
The principles come as miners face increasing scrutiny from investors, consumers and activistsRead full newsRead More
The principles come as miners face increasing scrutiny from investors, consumers and activistsRead full newsRead More
The home furniture retailer surged in the days leading up to earningsSubscribers to Schaeffer's Weekend Player options recommendation service just scored a 196% profit on RH Inc (NYSE:RH) November 150 calls.Below, we'll explain why we anticipated a surge in RH shares, and how the winning options trade unfolded. At the time of our recommendation on Sunday, July 21, shares of the home furnishings r...Read More
Baird slashed its TOCA price target to $1 after a late-stage brain cancer study failed Upbeat trade buzz has stocks higher at midday. Three stocks making especially big moves are drugmaker Tocagen Inc (NASDAQ:TOCA), biomaterial name SINTX Technologies Inc (NASDAQ:SINT), and men's apparel retailer Tailored Brands Inc (NYSE:TLRD). Below, we'll take a look at what's driving the shares of TOCA, SIN...Read More
The Dow is higher yet again todayU.S. stocks are off their morning highs, but the major indexes are still trading in positive territory halfway through the day. The Dow Jones Industrial Average (DJI) is eyeing a seventh straight winning session, as traders respond to President Donald Trump's tariff postponement, on top of stimulus plans from Europe. Wall Street's also considering comments from Tre...Read More
The oil stock is trading near a historically bearish trendlineOil prices are headed south today, after Saudi Arabia's new energy minister said the Organization of the Petroleum Exporting Countries (OPEC) would not discuss stiffer cuts to crude production ahead of its December meeting. This is turning up the heat on energy stocks, with the shares of Concho Resources Inc (NYSE:CXO) trading down 3.7%...Read More
CAT is trending toward oversold, tooTrade-sensitive Dow stock Caterpillar Inc. (NYSE:CAT) is up 10% in September, as talks between the U.S. and China take a positive turn. Today though, Wells Fargo dumped cold water on CAT's rally with a downgrade, sending the shares 1% lower, to trade at $131.89. And if that's not enough, the machinery stock is fresh off an encounter with a historically beari...Read More
Options traders are using premium-selling strategies to bet on the stocksCaterpillar Inc. (NYSE:CAT) and Deere & Company (NYSE:DE) were both downgraded to "market perform" from "outperform" at Wells Fargo, which said it believes "U.S. construction equipment demand is at or near peak," and that slow-to-flat growth in other divisions of the companies "will put downward pressure on earnings power." T...Read More
OLED has pulled back sharply after hitting a record high last weekUniversal Display Corporation (NASDAQ:OLED) touched an all-time high of $230.32 just last week, but the shares have already pulled back significantly since this peak. OLED stock suffered two huge daily slides in the sessions after the milestone, and today it's off another 7.7% at $178.26. This price action is a result of Susquehanna...Read More
The firm just released early stage data for its wet AMD gene therapy treatmentThe shares of Adverum Biotechnologies Inc (NASDAQ:ADVM) are taking a serious nosedive today, down 32.8% at $8.07, after data from an early stage trial of the company's wet age-related macular degeneration (wet AMD) gene therapy treatment, ADVM-022, were poorly received. As a result, ADVM is trading back near its mid-May...Read More
ACB is near the bottom of the NYSEOne of the worst stocks on the New York Stock Exchange (NYSE) this morning is Aurora Cannabis Inc (NYSE:ACB), down 9.4% to trade at $5.88. The cannabis company's fiscal fourth-quarter revenue fell short of estimates due to lower-than-expected retail sales of recreational marijuana.Perhaps even more damaging, Aurora also pushed back its profitability timeline to f...Read More
ORCL has added 24.6% in 2019Computer technology name Oracle Corporation (NYSE:ORCL) is down 3.3% to trade at $54.42, the stock reeling on the back of the company's lower-than-expected fiscal second-quarter forecast, and news that one of the company's two CEOs, Mark Hurd, will be taking unplanned medical leave. Oracle also shared a fiscal first-quarter revenue miss, but said it still plans to buy...Read More
Trump delayed a tariff hike on Chinese goods to mid-October Dow Jones Industrial Average (DJI) futures areabove fair value this morning, after President Donald Trump delayed an upcoming tariff hike on Chinese goods to Oct. 15 from Oct. 1, citing the People's Republic of China's 70th anniversary as the catalyst for his "gesture of good will." The European Central Bank's (ECB) decision to cut its ke...Read More
Orion clarified it had agreed to sell 10 million shares at 10c each, not at 1c as stated a day earlier, which would reduce its stake to 11.7%.Read More
AIM-listed Kropz (AIM: KRPZ)'s share price dropped from 15p to just 9p on Thursday - a bruising fall. The company's shares were worth 42p in December last year.Read More
(IDEX Online) - Botswana Diamonds (BOD) has announced that its associate Vutomi, in which it holds a 40-percent interest has been granted environmental authorization over a substantial portion of diamond-bearing gravels at the high-grade Marsfontein mine. The mine is contiguous to Botswana Diamonds Thorny river operation. The stockpiles are believed to contain commercial-grade diamonds. "This faci...Read More
(IDEX Online) - The CIBJO Marketing & Education Commission has released a report on Gen Z, young consumers who are currently 15-25 years old. The report is the first of the CIBJO commissions special reports to be released in the run up to the 2019 CIBJO Congress in Bahrain. The report provides a breakdown of what the industry needs to consider if it is to ensure that jewelry remains a favored...Read More
(IDEX Online News) - The U.S. Department of the Treasury has released a statement in which it singles out the Al-Hebo Jewelry Company (al-Hebo) for its support of ISIS. The statement claims the Turkish-based al-Hebo has "materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to ISIS." The company also operates under the names Al-Hab...Read More