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
Last week the U.S. president abruptly cancelled a state visit to Denmark after the Danes rebuffed his proposal to buy Greenland, a semi-autonomous Danish territory strategically located between the North Atlantic and Arctic Ocean and rich in natural resources like uranium and rare earths."'If he is truly contemplating this, then this is final proof that he has gone mad,'" Soren Espersen, the forei...Read More
Amani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldThe company reported a 15-20m step-out hole, which returned 86.4m grading 1.65% copper, 1.56 grams per tonne gold, 28.8g/t silver and 0.28% zinc - 3% copper-equivalent or 4.Read More
I hereby order you to buy the best gold stocks.It's a bizarro world out there and if you want to save yourself having to read through 500 words, I'll summarize this piece for you by telling you to go buy your favorite gold juniors. The end.Those of you still reading who care to know why and what's next, it really comes down to two simple questions with two simple answers.The first question you sho...Read More
Japan's nuclear operators are starting to sell some of their huge holdings ...Read full newsRead More
Alrosa, a world leading diamond miner, will hold its annual True Colors auction of fancy color diamonds for the second time in upcoming September. Alrosa held its first auction for fancy color diamonds in 2018 as part of its strategy to become a recognized, authoritative source for fancy color diamonds. Prospective buyers can view the diamonds during the Hong Kong Jewellery & Gem Fair, from t...Read More
A loan of $3,425 helps a member to buy goats.Read full newsRead More
A loan of $3,425 helps a member to buy goats.Read full newsRead More
Gold Canyon Property Includes 26 Unpatented Mining Claims of a Past Operating Gold Mine That Produced 41,000 Ounces Vancouver, British Columbia--(Newsfile Corp. - August 20, 2019) - Ely Gold Royalties Inc. (TSXV: ELY) (OTCQB: ELYGF) (Read full newsRead More
Celine Lau, the veteran manager of the Hong Kong Gem and Jewellery Fairs of June and September, responded to a letter sent earlier on August 21st by the Gem & Jewellery Export Promotion Council (GJEPC), the Antwerp World Diamond Centre (AWDC) and the Israel Diamond Institute (IDI), asking Lau to postpone the show. In her letter, Lau stated that there are positive signs indicating that th...Read More
Publisher's Note: The Dines Letter has been published since 1960. With nearly 60 years of experience and analysis, today we're looking to Mr. Dines for his take on one of the most vexing problems facing the U.S. today.Call it like you see it,Nick HodgeExperience is the comb that Nature gives us when we are bald....Read More
No one's quite sure yet what the President's tweets could mean in reality, howeverIt was a wild trading session for U.S. stocks. Traders early on were reacting to the newest tariff retaliation from China, which prompted tweets from President Donald Trump ordering American companies to find "an alternative to China." Huge losses from tech stocks like Apple (AAPL) and Intel (INTC) buried the Dow as...Read More
C3 Industries has entered the Michigan cannabis market with the opening of its first "High Profile" dispensary in Detroit.The cannabis retailer plans to open 15 to 20...Read full newsRead More
Escalating U.S.-China trade tensions are creating stiff headwindsStocks are spiraling today, after news of China's retaliatory tariffs sparked a tweetstorm from U.S. President Donald Trump. Among individual names making notable moves are retailers Foot Locker, Inc. (NYSE:FL) and Macy's Inc (NYSE:M). Here's a quick look at what's moving the shares of FL and M.Foot Locker Options Hot After Earnings...Read More
A brief yield-curve inversion also spooked Wall StreetTrade headlines and retail earnings drove price action on Wall Street this week, with most of the early week moves occurring to the upside. However, stocks swung lower after another brief yield-curve inversion and news of China's retaliatory tariffs on the U.S. sparked a tweetstorm from President Donald Trump. As of this writing, the Dow, S&P 5...Read More
Skechers has pulled back from its late-July post-earnings peakSneaker name Skechers USA Inc (NYSE:SKX) is moving notably lower this afternoon, last seen down 5.4%, at $29.46 -- falling in step with Foot Locker (FL) and Nike (NKE). Skechers stock has been on a downtrend for quite some time, but things may be looking up for the security, as data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
The Anglo-American operator of a gold mine in Armenia that has been blocked for a year by environmental protesters said the government had given it the green light to restart work after a study found it posed no threat.Access to the Amulsar mine operated by Lydian International has been blocked sinceRead full newsRead More
Trump's Twitter account was in overdrive this morningThe Dow Jones Industrial Average (DJI) has sunk even deeper into the red at midday, down nearly 300 points, after a tweetstorm from President Donald Trump. Following this morning's retaliatory tariffs from China, Trump seemingly ordered U.S. companies to find "an alternative to China" -- which is hitting trade-sensitive blue chips Apple (AAPL)...Read More
CHGG options are attractively priced at the moment, tooEducation technology company Chegg Inc (NYSE:CHGG) was having a successful summer, climbing all the way up to an earnings-induced record high of $48.22 on July 30. While the stock has been mired in a pullback since then, it's taken CHGG to a trendline with historically bullish implications for options traders. More specifically, Chegg stock h...Read More
Nike has struggled since an unsuccessful test of $90 in mid-JulyAthletic apparel giant Nike Inc (NYSE:NKE) is suffering a sharp pullback this morning, down 1% at $82.49, as Foot Locker (FL) headwinds offset a big bull note from Guggenheim. Specifically, the firm added NKE to its "Best Ideas" list, saying the company is positioned well to maneuver through tariff risks, and that Nike's latest earni...Read More
CRM is on track for its best day of 2019A big earnings winner on Wall Street this morning is Salesforce.com, Inc. (NYSE:CRM), up 5.8% to trade at $156.86. The cloud name reported second-quarter earnings and revenue that topped estimates, while third-quarter and full-year guidance also beat forecasts. A higher demand for cloud software, plus its recent acquisitions, fueled the blowout report.So fa...Read More