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
Three things/events/economic data which can affect gold and silver till next week.1. European Central bank meeting tomorrow.2. US GDP numbers on Friday. 3. US-China trade talks. I do not think FOMC meet will have any impact on metals, energies or the US dollar Index. Interest rate cut has been factored in by the market. Gold and silver short-term investors need to c...Read More
The Dow closed lower, thoughIt was a mixed session on Wall Street today. While the S&P and Nasdaq sailed to new record-high closes as chipmakers surged on Texas Instruments (TXN) earnings, the Dow plunged on negative earnings reactions for several blue chips, including Caterpillar (CAT). Traders also kept a close eye on congressional testimony from former Special Counsel Robert Mueller, and digest...Read More
A bear signal just sounded for FedEx stock that could cap its recent rebound With sector peer United Parcel Service (UPS) in the spotlight, FedEx Corporation (NYSE:FDX) is getting a halo lift, up 2.3% at $177.77. The jump has FDX pacing for its fifth straight win, extending the stock's impressive rally off its June lows. In fact, only one of the last 10 closes have been negative, and the stock i...Read More
Edwards Lifesciences is one of the best stocks on Wall Street todayU.S. stocks are mixed today during a huge session for earnings, though the Nasdaq managed a fresh record high. As for individual names to watch, healthcare stocks Edwards Lifesciences Corp (NYSE:EW), Tenet Healthcare Corp (NYSE:THC), and Jounce Therapeutics Inc (NASDAQ:JNCE) are all making outsized moves. Here's how EW, THC, and J...Read More
The shares have pulled back to their 10-month trendlineAround two weeks ago, we profiled the call activity surrounding Cronos Group Inc (NASDAQ:CRON). While the weed stock has struggled to break out since then, a longer-term trendline has emerged that suggests this recent pullback could present a unique buying opportunity, if past is precedent. Cronos' recent sluggish price action has brought th...Read More
TXN hit a record high earlier todayTexas Instruments Incorporated (NASDAQ:TXN) is red-hot today, sparking accelerated activity in the chip stock's options pits. The stock is up 7.7% at $129.28 -- fresh off a record high of $129.80 -- after the semiconductor firm's second-quarter earnings beat eased concerns over slowing global microchip demand, and most of today's options volume has occurred on th...Read More
The electrification of transport is transforming the demand and supply of battery raw materials. We expect to see double-digit growth for battery raw materials over the next decade. Our latest research suggests they could face a supply crunch by the mid-2020s.Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce the commercial launch of their latest enterprise Push-to-Talk over Cellular (PoC) offering, the Uniden (R) UV350 Desktop Dispatch Unit (DDU). The DDU is now available through cellular carriers and distributors in the United States, Canada, and Israel.Built on the foundation and...Read More
The chip sector is propping up the tech-heavy Nasdaq The Dow Jones Industrial Average (DJI) is taking a breather today, down triple digits as the latest batch of blue-chip earnings reports disappoints. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are cautiously in the black, with the latter fresh off a new record high, as chip sector gains outweighthe scrutiny FAANG stocks are receiving...Read More
Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
UPS announced second-quarter earnings and revenue that exceeded analysts' estimates The shares of package delivery concern United Parcel Service Inc (NYSE:UPS) are up this morning on second-quarter earnings and revenue that exceeded analysts' estimates. The company cited strengthening e-commerce deliveries and a higher demand in domestic shipments, driven by increased Next Day Air volume from Amaz...Read More
Our indicators showed a put-skew on Boeing and Visa before earningsWall Street is considering a barrage of earnings releases this morning, and two of the biggest names making headlines are Dow stocks Boeing Co (NYSE:BA) and Visa Inc (NYSE:V). Below is a brief breakdown of the news and numbers to watch for the shares of BA and V today. For Boeing, traders are considering the fallout from the compan...Read More
Boeing suffered a major loss of $5.82 per share, while Caterpillar also reported an earnings miss A disappointing day for blue chips in the earnings arena has Dow Jones Industrial Average (DJI) futures reversing course, signaling a roughly 100-point loss this morning. Trade-sensitive stocks Caterpillar (CAT) and Boeing (BA) are in the spotlight after CAT posted a second-quarter earnings and rev...Read More
The construction giant cited slowing Chinese sales for its earnings missCaterpillar Inc. (NYSE:CAT) stock is down 5% in electronic trading, after the big-cap construction concern reported adjusted second-quarter earnings of $2.83 per share. Not only was this below the consensus estimate, but it was down 4.7% from its year-ago profit, on slowing demand in China. Revenue of $14.43 billion fell just...Read More
Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
Gold hasn't been this expensive, in silver terms, in a quarter-centuryThis week, I'm looking at gold and silver, which are behaving very strange lately relative to each other. The chart below shows the two commodities since 2010. Gold has shot higher recently to its highest levels since 2013. Silver, on the other hand, has moved higher recently, but has significantly lagged behind gold. Gold/Silve...Read More
Australian mining engineer Palmer was Newmont's COO and promoted to the dual roles of president and COO last year.In February, former Rio Tinto executive Rob Atkinson was announced COO, effective June 1, freeing up Palmer to take on the CEO role when Gary Goldberg retired in the fourth quarter.Newmont said Goldberg would serve as executive advisor to support Palmer and the executive leadership tea...Read More
Severalmaz, the Lomonosov mining and processing division of Alrosa, said that in the first half of this year, it had increased its production with 21 percent to more than 1.9 million carats of rough diamonds, 340,000 carats more than in the same period of 2018. In January-June, the Lomonosov mining and processing division mined 1.8 million tons of ore and processed almost 1.7 million tons. More th...Read More
De Beers Group's carbon-capture research at the Gahcho Kue mine in Canada has received a funding boost following the award of a C$675,000 grant from Natural Resources Canada's Clean Growth Program towards pioneering research in partnership focused on delivering carbon-neutral diamond mining. The project in Canada is part of a De Beers Group global research program that includes studies,...Read More
In response to the severe global health and ecological impacts resulting from the use of mercury by artisanal gold miners (ASGM), a major new effort to address this issue is being launched by Mercury Free Mining (MFM). https://www.mercuryfreemining.org/ More than 15 million subsistence gold miners inadvertently release 8,000 pounds of mercury into the environment every day causing irreversib...Read More