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
Gold erased early losses to trade slightly higher on Friday and was headed for its biggest monthly gain in over three years as concerns about a slowdown in global growth and hopes for rate cuts by ...Read full newsRead More
Gold erased early losses to trade slightly higher on Friday and was headed for its biggest monthly gain in over three years as concerns about a slowdown in global growth and hopes for rate cuts by ...Read full newsRead More
BNN Bloomberg speaks with Ken Hoffman, senior expert, Basic Materials Practice, McKinsey & Company discusses drivers behind higher nickel prices, as well as where copper's been trading lately.Read full newsRead More
BNN Bloomberg speaks with Ken Hoffman, senior expert, Basic Materials Practice, McKinsey & Company discusses drivers behind higher nickel prices, as well as where copper's been trading lately.Read full newsRead More
The VIX just booked its second straight monthly winAfter starting off gangbusters in the morning, it was a stumble toward the finish line for the Dow today. The blue-chip index finished right around breakeven, slowly whittling away triple-digit gains generated from early U.S.-China trade optimism. The S&P and Nasdaq joined the Dow in a mixed finish, but all three benchmarks did hang on fortheir fi...Read More
Silver Spruce Resources Inc. (TSXV:SSE) is pleased to announce the closing of its financing. The Company has issued 5,225,000 units at $0.05 per unit for gross proceeds of $261,250.Read full newsRead More
The stocks tend to outperform in SeptemberThe retail sector has been firmly in focus this week, with several stocks seeing huge moves after earnings, including J.Jill (JILL) and Dollar General (DG). Sector peers L Brands Inc (NYSE:LB) and Ross Stores, Inc. (NASDAQ:ROST) could come into focus next month, too, with both showing up on Schaeffer's Senior Quantitative Analyst Rocky White's list of best...Read More
The Dow and S&P are pacing for a third straight daily winIt was another volatile week on Wall Street, driven by an onslaught of U.S.-China trade headlines. The bulk of the price action was to the upside as Washington and Beijing struck conciliatory tones toward trade negotiations, with Friday's gains putting the Dow and S&P 500 Index (SPX) pacing for a third straight daily win and on track to snap...Read More
The broader stock markets are struggling this afternoonStocks are struggling to maintain their early morning positive momentum this afternoon, though all three major market indexes are pacing toward their first weekly win of August. Two names making notable moves today are hospital operator Community Health Systems (NYSE:CYH) and bulk shipping specialist Eagle Bulk Shipping Inc. (NASDAQ:EGLE). Her...Read More
Fears of shortages as top producing country brings forward export restrictionsRead full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata")announces it has filed its Q2 2019 financials, and will be hosting a conference call to discuss these results on Tuesday, September 3rd at 9:00 AM EST (6:00 AM PST). Conference call details are set out below.Highlights:Q2 2019 revenue of $2.0-million compared with $5.3-million in Q2 2018Adjusted EBITDA...Read More
ALXN is clinging to its year-to-date breakeven levelOne of the worst stocks on the Nasdaq today is Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) down 9.6% to trade at $101.44 today. The U.S. patent office will review three patents for the drugmaker's rare disease treatment Solaris, after Amgen (AMGN) filed a petition challenging the patents. A final outcome is expected in 18-24 months. In response t...Read More
Rule 1: Don't play if you can't payYou might assume that trading options and playing fantasy football have very little in common, but you'd be wrong. To start, both have become more mainstream lately; more than 4.5 billion equity options traded in 2018, marking an all-time high, according to data from the Options Clearing Corporation (OCC). Plus, almost 60 million North Americans played fantasy sp...Read More
The Dow, S&P, and Nasdaq are all eyeing August losses The Dow Jones Industrial Average (DJI) has erased an early triple-digit gain and is now staring down a 50-point loss at midday. Stocks initially rose on data showing solid consumer spending in July and signs of progress on U.S.-China trade relations, though another round of tariffs on Chinese goods is set to hit over the long weekend. Elsewher...Read More
FedEx has struggled over the past 12 monthsShipping giant FedEx Corporation (NYSE:FDX) is trading 1.3% higher at $159.46 today, a rarity for the stock, as its long-term performance has a grim history. The stock has shed 35% over the past 12 months, touched a three-year bottom of $147.82 on Wednesday, and is now seeing pressure from a historically bearish trendline. Below, we will explore data fro...Read More
One oil stock, in particular, tends to have a rough monthWe recently outlined the 25 best stocks to own in September, historically, with Southwest Airlines (LUV) enjoying some of the best returns over the past decade. Today, however, we're taking a look at the stocks that tend to slide in September, with oil-and-gas concern Marathon Petroleum Corp (NYSE:MPC) logging the steepest average loss of al...Read More
Both low-priced healthcare stocks are higher this morningHealthcare stocks Paratek Pharmaceuticals Inc (NASDAQ:PRTK) and Akari Therapeutics PLC (NASDAQ:AKTX) both made headlines with strong moves out of the gate. Let's take a moment and check out how the shares of PRTK and AKTX are trading. PRTK was last seen trading up 5.6% at $3.58, thanks to positive data around the company's skin infection tr...Read More
The retailer has seen long-term support at the 160-day moving averageShares of dollar store retailer Dollar General Corp. (NYSE:DG) are inching their way higher this morning, as the company relishes in yesterday morning's second-quarter earnings beat. No fewer than nine analysts have handed out fresh bull notes since yesterday's close. Giving the highest praise so far is a price-target hike to $1...Read More