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
The study analysed the participation of mining and hydrocarbons extraction on public finances and the economy of the country, as well as their social-environmental impacts.Read More
In one of its shortest press announcements ever, De Beers published the results of its seventh sales cycle - what the diamond industry and trade continues to call a "sight." The seventh sight generated $280 million, a whopping 44 percent less than the $503 of the same cycle in 2018. The current sales number is slightly higher than the $280 in the sixth cycle. Bruce Cleaver, CEO, De Beers Group,...Read More
Llewellyn Delport has resigned as CEO of diamond exploration, mining and marketing company Trans Hex, effective August 31.The Trans Hex board thanked Delport for his contribution to the company since 2004.AdvertisementNonexecutive chairperson Marco Wentzel will serve as executive chairperson of the company until a suitable candidate is found to succeed Delport as CEO. AdvertisementRead More
Negative interest rates are profoundly idiotic. Who would ever pay money to lose money?Europe has been mired in them for a while now. Germany's 30-year bonds with negative interest rates didn't sell well, but that's just one of many.UBS Group AG is going to charge some people 0.6% on deposits. A bank in Denmark is selling mortgage-backed notes that have a negative coupon.Then there is Switzerland,...Read More
Okay, let's just get it out there...A few months ago, I had another surfing-related trip to the ER.Without going into all the gory details, here's a quick picture:As you can see, I ended up with a small sideways smile right below my original one.Essentially, I was tumbling under the water and the pointy nose of my surfboard went straight under my lip - all the way through, in fact - and eventually...Read More
Pancontinental Resources Corporation (TSXV:PUC) (Read full newsRead More
Oil prices couldn't hold their gains, thoughStocks rose today thanks to comments from President Donald Trump, who said China wants to keep negotiating on trade -- though some in the Chinese media suggested the two nations didn't speak as the President described. Still, tech stocks led a broad rally, with trade-sensitive names like Apple (AAPL) enjoying the most upside. As such, the Dow, S&P, and N...Read More
Barron's waxed optimistically on Roku over the weekendRoku Inc (NASDAQ:ROKU) stock is up 3.1% at $142.03 -- fresh off a record high of $145 -- after Barron's said "the best way to play streaming is turning out to be upstart Roku." Today's pop brings the equity's year-to-date gain to nearly 365%, and options traders think there's more upside in store for Roku in the near term.Amid relatively averag...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Marvell stock has been a long-term outperformerSemiconductor stock Marvell Technology Group Ltd. (NASDAQ:MRVL) has been outperforming on the charts in 2019. In fact, just last month, the shares climbed to a 13-year peak of $27.64, and now sit46% higher year-to-date. Over the past week, though, the stock has pulled back amid U.S.-China trade uncertainty, but according to data from Schaeffer's Senio...Read More
Call buying has been popular on AMGNThe stock market is soaring today on upbeat U.S.-China trade headlines. Among individual stocks making notable moves are biotechs Amgen, Inc. (NASDAQ:AMGN) and Arcadia Biosciences Inc (NASDAQ:RKDA), as well as oil name PDC Energy Inc (NASDAQ:PDCE). Here's a quick look at what's moving the shares of AMGN, RKDA, and PDCE.Options Bulls See More Upside for Amgen Sto...Read More
An Indonesian bulker carrying nickel ore has gone missing with a crew of 25 on board.Read full newsRead More
Short interest is at a two-year highDISH Network Corp (NASDAQ:DISH) is trading 3.5% higher today at $32.14, after receiving bullish attention from Raymond James. The brokerage firm said it's a good time to buy DISH shares, upgrading to "strong buy," with the company standing to benefit during the 5G rollout as U.S. carriers look for spectrum bands. (In early 2018, some valued DISH Network's spectr...Read More
The 80-day trendline could push the drug stock even lower U.K.-based pharmaceutical concern Mylan NV (NASDAQ:MYL) is getting a broad-market boost today, up 2.3% at $18.76, set for its first positive close in a week. This positive price action may be short lived, however. While the stock enjoyed a brief surge at the end of July, it spent most of August in a downward slide, pressured lower by a ceil...Read More
South African miner increases production, improves profit Continue reading...Read full newsRead More
SEDG options are attractively priced at the momentWhen we last checked in on SolarEdge Technologies Inc (NASDAQ:SEDG), the solar stock was under pressure from a rare bear note and C-suite shocker. Now, less than a week later, this pullback has brought SEDG near a trendline that could mark an attractive entry point for a bullish options trade. More specifically, SolarEdge has pulled back to its 2...Read More
The Dow, S&P, and and Nasdaq are all higher at middayIt's a strong start to the week for the Dow Jones Industrial Average (DJI), as President Donald Trump's trade commentsspark optimism on Wall Street. The blue-chip index has put on roughly 190 points, led by trade-sensitive Apple (AAPL), which has gained nearly 2%, and retailer Nike (NKE) stock, which is up 1.5%. Chip stocks, including Advanced M...Read More
Monday morning's M&A updatesDigesting this morning's market headlines, there are three M&A stories traders should be following. For starters, Bristol-Myers Squibb Co (NYSE:BMY) and Celgene Corporation (NASDAQ:CELG) are both making strong moves higher, thanks to news Amgen Inc (NASDAQ:AMGN) is buying CELG's psoriasis drug Otezla for $13.4 billion, paving the way for BMY and CELG's buyout deal. BMY...Read More
The upbeat U.S.-China trade developments are boosting the chip sectorA double-dose of headlines has the shares of Qualcomm, Inc. (NASDAQ:QCOM) up 1% to trade at $74.17 this morning.First, the chip stock is enjoying broad market tailwinds thanks to the latest U.S.-China trade optimism. But a C-suite shakeup e is also propping up the stock. On late Friday, the company announced current Chief Fina...Read More
FL suffered its worst day in two years on FridayFoot Locker, Inc. (NYSE:FL) slumped 18.9% on Friday -- marking the retail stock's worst day sine Aug. 18, 2017, when it plunged 27.9% -- after the athletic apparel retailer's earnings report fell short of expectations. FL shares are now trading at levels not seen since the fourth quarter of 2017, and bearish analysts are rushing to adjust their out...Read More