The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
If there's one thing Americans love doing, it's spending money. You may have seen earlier this week that online retail giant Amazon held its annual "Prime Day" event. Over the course of two days, the retailer slashed prices on thousands of items, luring in customers with promised savings across many different categories. To the surprise of no one, it paid off for Amazon. According to early repo...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances suppo...Read More
The gold miners' stocks continue to rally on balance, after a major upside breakout extended their strong upleg. That's driving mounting interest in this recently-forsaken sector. With the latest quarterly earnings season underway, traders will soon enjoy big fundamental updates from the gold miners. They are likely to report good Q2 results, with improving operational performances suppo...Read More
Campaigners say full consultation was not carried out before 2014 reopening of European-owned Fenix siteRead full newsRead More
A WSJ report suggested the Fed won't consider a half-point rate cut at its July meetingIt was another choppy session for stocks, as traders digested a fresh round of earnings and a clarification on Thursday's comments from New York Fed President John Williams -- which sparked a tweetstorm from President Donald Trump. However, a Wall Street Journal report indicating the Fed will likely stick to a q...Read More
It was an eventful week for retail stocks and Dow namesSomebody forgot to tell Wall Street that these are supposed to be the summer doldrums. Record highs for the Dow, S&P 500, and Nasdaq were had early in the week, and the kickoff of earnings season was the predominant storyline the last five days. Trade tensions still lingered too, and investors scrounged for every scrap of information about a p...Read More
Chewy unveiled its quarterly earnings report, the first since going public in JuneWith earnings in view, stocks are mixed in afternoon trading, but the major market indexes are pacing for a weekly loss. Two stocks that are lower today are pet food concern Chewy Inc (NYSE:CHWY) and oncology issue Marker Therapeutics Inc (NASDAQ:MRKR). Here's a look at what's moving CHWY and MRKR today. Chewy Stock...Read More
BofA-Merrill Lynch downgraded the equity to "underperform"The shares of Michaels Companies Inc (NASDAQ:MIK) are swimming in red ink today, due to ugly analyst attention. BofA-Merrill Lynch downgraded the craft retailer to "underperform" from "neutral," and took a hatchet to its price target, cutting it to $5 from $9 -- a discount of 40% to yesterday's close of $8.37. The analyst said that even as...Read More
J.P. Morgan Securities reinstated coverage with an "underweight" ratingThe chemicals sector appeared near the bottom of our internal Sector Scorecard this week, with the average 52-week stock return in the sector coming in at negative 13.3%. Nevertheless, most analysts remain bullish on the group. However, that could be starting to change, with Cowen and Company issuing a warning on the sector, an...Read More
Some Boeing traders are looking ahead to next week's earnings reportBoeing Co (NYSE:BA) is the best Dow stock this afternoon, after the aerospace giant said its grounded 737 MAX planes are expected to begin flying again in the fourth quarter. BA also indicated it will ramp up production of the aircraft by next year, and compensation to airlines as a result of delayed 737 MAX deliveries will transl...Read More
CALM has struggled on the charts over the long termEgg producer Cal-Maine Foods Inc (NASDAQ:CALM) is up 0.6% at $39.32 this afternoon, with the long-term underperformer set to snap its two-day losing streak. History suggests the stock could be in store for more downside after the company's fiscal fourth-quarter earnings, slated for release before the market opens this Monday, July 22. Below, we w...Read More
Credit Suisse initiated coverage on AMC with an "outperform" rating and an $18 price targetThe shares of AMC Entertainment Holdings Inc (NYSE:AMC) just toppled the $10 mark for the first time in nearly a month, up 6.7% at $10.26 after Credit Suisse initiated coverage on the movie theater concern with an "outperform" rating and an $18 price target -- roughly a 90% premium to last night's close. The...Read More
President Trump is tweeting about Fed rate cutsThe Dow Jones Industrial Average (DJI) is modestly higher, thanks to Microsoft (MSFT) -- today's big blue-chip earnings winner. In addition, Boeing (BA) stock is higher after the company said the grounded 737 MAX should be back in service in the early part of the fourth quarter. Investors are also digesting the latest tweets from President Donald Tr...Read More
The shoemaker reported impressive second-quarter earningsSkechers USA Inc (NYSE:SKX) has gapped into annual-high territory today, after the shoemaker's earnings reports sparked a round of bullish brokerage notes. The optimism has spread to the options pits, too, where it looks like some day traders are betting on even bigger gains through tonight's close.Taking a quick step back, Skechers said its...Read More
The Wall Street freshman reported a revenue beatNewly public cybersecurity stock CrowdStrike Holdings Inc (NASDAQ:CRWD) is enjoying a serious surgefollowing the company's earnings debut. CrowdStrike reported fiscal first-quarter earningsin line with analysts' estimates, and revenue that beat expectations. The firm also predicted stronger-than-expected current-quarter figures. CRWD stock is up 14.5...Read More
WW has added 60% since May 31The shares of WW International, Inc. (NASDAQ:WW) are up 5.9% to trade at $26.70 today -- one of the better stocks on the Nasdaq this morning -- after D.A. Davidson delivered an upgrade to "buy" from "neutral," while upping its price target to $32 from $24.50. Analyst Linda Weiser thinks the Oprah stock has moved off its low, noting encouraging subscriber trends and im...Read More
GRUB is holding above its previous highs near $74Food delivery app GrubHub Inc (NYSE:GRUB) is moving slightly higher this morning, up 0.1% at $74.97, after a fresh bull note out of Benchmark. Specifically, the brokerage firm initiated coverage with a "buy" rating and $95 price target, representing a 27% premium to last night's close. Analyst Daniel Kurnos said the stock is at "a tasty entry point...Read More
Reuters said the retailer has held talks with restructuring specialistsJ C Penney Company Inc (NYSE:JCP) is down 10.1% to trade at $0.97 -- heading toward its worst day since Aug. 16 -- after a Reuters report indicated the embattled department store is exploring debt restructuring options. According to the article, JCP has met with lawyers and investment bankers who specialize in restructuring in...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
The New York Fed clarified John Williams' seemingly dovish remarks Dow Jones Industrial Average (DJI) futures are higher this morning, even as a spokesperson for the New York Fed clarified that yesterday's dovish comments from New YorkFed President John Williams were academic and "not about potential policy actions." Meanwhile, well-received earnings for Microsoft (MSFT)are lifting the blue-chip i...Read More