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
Probe Metals (TSXV: PRB) has intersected gold mineralization on its wholly-owned Val-d'Or East property, located 1.5 km west of the New Beliveau deposit in Quebec.Results from 22 followup drill holes totalling 6,210 metres in the Courvan area, released on Aug. 20, identified new gold mineralization with intercepts grading up to 6.8 grams gold per tonne at over 5 metres, including one metre of 25....Read More
This is one of the most urgent times in the past 5,000 years of investing.As global markets teeter, the richest people in the world are pushing their money into gold as a safe haven.John Paulson made $5 billion betting on gold in 2009. He also made millions shorting the subprime mortgage crisis during the Great Recession. He has a $1.3 billion stake in the SPDR Gold Trust. George Soros, the man w...Read More
Home Depot's earnings win couldn't boost the DowU.S. stocks took a breather today, ending the recent relief rally for the Dow and its index peers. For the Dow and S&P, today's pullback snapped a three-day win streak, while the Nasdaq's two-day rise is over, as well, with tech and financial stocks among the hardest hit during the session. The Dow's decline comes despite a strong earnings performanc...Read More
One name is eyeing its biggest one-day percentage gain since last AugustStocks are trading lower today as Treasury yields cool. Among individual stocks making notable moves are pharmaceutical firms Endo International PLC (NASDAQ:ENDP) and Vivus, Inc. (NASDAQ:VVUS), as well as acoustic shockwave technology name Soliton Inc (NASDAQ:SOLY). Here's a quick look at what's moving the shares of ENDP, VVUS...Read More
Call options are running much hotter than usual todayBiopharmaceutical stocks Nabriva Therapeutics PLC (NASDAQ:NBRV) and Moderna Inc (NASDAQ:MRNA) are seeing unusual options volume today, with the equities moving on Food and Drug Administration (FDA) news. Specifically, the FDA approved Nabriva's pneumonia antibiotic late yesterday, sending NBRV stock to a three-month high earlier. Meanwhile, Mode...Read More
Cigna stock is slightly lower on reports that it is selling its benefits insurance unit Healthcare concern Cigna Corp (NYSE:CI) is slightly lower today, down 0.5% to trade at $162.10 following a Reuters report that the firm plans onselling its group benefits insurance unit. The stock has been trending lower since a 9.2% surge in mid-July, with pressure from the 20-day moving average capping recent...Read More
The analysts think new drug releases could help AbbvieAbbvie Inc (NYSE:ABBV) is trying to recover from last week's two-year low, getting a boost today from an upgrade to "overweight" from "neutral" at Piper Jaffray, which also set an $80 price target. The brokerage firm believes the stock could benefit from the release of the company's psoriasis treatment Skyrizi and arthritis treatment Rinvoq --...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") announces a non-brokered private placement to raise $3.0M consisting of 7.5 million units at a price of $.40 cents per unit with one strategic investor. Each unit will consist of one common share and one half warrant exercisable at $.60 per share for a period of two years.Marc Seelenfreund, CEO of Siy...Read More
Papua New Guinea plans to take a larger share of the Porgera gold mine as part o...Read full newsRead More
The combination of new highs and low IVs has historically been bullish for SHAKShake Shack Inc (NYSE:SHAK) has turned up the heat in 2019, with the shares of the burger chain boasting a 111% year-to-date lead. More recently, the stock shot up 18.2% on Aug. 6 in the wake of the burger chain's blowout second-quarter earnings report, eventually topping out at a record high of $98.06 on Aug. 16. And w...Read More
The Dow erased a triple-digit drop, with help from Home Depot stockThe Dow Jones Industrial Average (DJI) has muscled atop breakeven today, erasing a triple-digit deficit, with Home Depot (HD) stock up more than 4% after earnings. However, Treasury yields have dippedas recession anxieties begin to bubble up again, sending bank stocks lower. Wall Street is also anticipating the Fed's meeting minute...Read More
J.P. Morgan Securities upgraded the stock to "overweight"Shares of plant-based burger maker Beyond Meat Inc (NASDAQ:BYND) are higher this morning, thanks to some upbeat analyst attention from J.P. Morgan Securities. The brokerage firm upgraded BYND stock to "overweight" from "neutral," and lifted its price target by $1 to $189. What's more, BYND call options are on fire today.Specifically, J.P. Mo...Read More
AAPL shares are higher as Apple TV+ buzz swirlsApple Inc. (NASDAQ:AAPL) stock is trading up 0.4% at $211.25, as buzz swirls over the tech giant's new streaming service, Apple TV+. Specifically, Bloomberg reported the subscription service will launch in November -- a month also expected to see the premier of Walt Disney's (DIS) Disney+ -- for $9.99 per month. Additionally, Apple could be committing...Read More
SRPT options volume is running at 10 times the average intraday pace this morningSarepta Therapeutics Inc (NASDAQ:SRPT) is near the bottom of the Nasdaq this morning, down 16.5% to trade at $100.52. Last night, the Food and Drug Administration (FDA) declined to approve the company's golodirsen injection for the treatment of Duchenne muscular dystrophy (DMD), citing risk of infection and kidney to...Read More
Calls have remained popular on HPQ, howeverTech stock HP Inc (NYSE:HPQ) and retailer Foot Locker, Inc. (NYSE:FL) will both be in the earnings spotlight later this week, and both names received downbeat analyst attention this morning. As such, let's take a look at the shares of HPQ and FL to see how Wall Street is approaching each companies' upcoming quarterly report. Citigroup downgraded its opini...Read More
The retailer posted second-quarter per-share earnings above estimates, though Department store issue Kohl's Corporation (NYSE:KSS) stepped into the earnings ring this morning, with second-quarter earnings of $1.55 per share, which beat out analysts' estimates. However, the retailer reported quarterly revenue and comparable-store sales below expectations, citing unseasonably chilly and wet weather....Read More
Stock futures are quiet following a volatile stretch Dow Jones Industrial Average (DJI) futures are trading cautiously above fair this morning, following a volatile stretch for the blue-chip index that saw six triple-digit closes in the last eight days. Yesterday's U.S.-China trade optimism has dimmed, and instead investors are digesting a mixed quarterly report from trade-sensitive Home Depot (HD...Read More
Papua New Guinea plans to take a larger share of the Porgera gold mine as part o...Read full newsRead More
Papua New Guinea plans to take a larger share of the Porgera gold mine as part o...Read full newsRead More
Traders last week loaded up on out-of-the-money SPY puts, sending premiums soaringWith the major U.S. equity benchmarks already down more than 3% halfway into the month of August, you don't have to look too far to find signs of panic in this stock market. Witness, for example, the Cboe Volatility Index (VIX), commonly known as the market's "fear index," jumping above the 24 level twice in the past...Read More