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
DDS and WW shares are some of the biggest winners todayStocks are soaring to new highs again thanks to all the excitement around a potential cut in interest rates. Three names making moves you should monitor are retailer Dillard's, Inc. (NYSE:DDS), diet specialist Weight Watchers International, Inc. (NASDAQ:WW), and clinical stage biopharma concern Immunic Inc (NASDAQ:IMUX). Here's what moving th...Read More
ROKU stock had pulled back to the 40-day moving averageSubscribers to Schaeffer's monthly Options Advisor newsletter justdoubled their moneywith the Roku Inc (NASDAQ:ROKU) July 90 call option recommendation. Below, we'll explain how this options trade hit its expected target, leaving speculators with a big win.When we initially recommended the call to subscribers on Friday, June 28, we noted th...Read More
Pot stock profit-share members could receive the next check soon.This one-of-a-kind marijuana profit-sharing plan that could quickly have investors sitting on $17,667... $25,921... $38,898... or even $55,563.And possibly a whole lot more.There are no age limits to this program.No income caps.No complicated hoops to jump through (joining only takes 90 seconds).And most importantly - there are zer...Read More
Political tailwinds are boosting health insurance stocks todayThe Dow Jones Industrial Average (DJI) is riding triple-digit gains at midday, thanks to a rally in pharmacy and insurance stocks and more Fed tailwinds. UnitedHealth (UNH) and Walgreens Boots Alliance (WBA) are soaring after the Trump administration withdrew a proposal to scrap drug rebates. Elsewhere, Fed Chair Jerome Powell's second...Read More
GRUB's fee income could take a hit on new SLA rulesGrubHub Inc (NYSE:GRUB) stock is among the biggest losers on the Big Board today, following a report that a new set of rules from the New York State Liquor Authority (SLA) could put a major dent in GrubHub's fee income. Specifically, sources told the New York Post that the new rules could cut fees from15%-30% of a takeout order down to 10%, and co...Read More
A signal just flashed on the charts that could put URBN stock in even more trouble Urban Outfitters Inc (NASDAQ:URBN) has seen a rough couple of months, since pressure at its 120-day moving average capped the stock's three-month peak in April. Now, the stock is trading well below that trendline, down nearly 30% year-to-date. And whilethe $22.50 region has managed to catch some of the equity's loss...Read More
AMD stock is within striking distance of a new 13-year highAdvanced Micro Devices, Inc. (NASDAQ:AMD) has staged an impressive run on the charts since bouncing from its 30-day moving average in late June. The shares jumped 3.5% earlier this week on some bullish brokerage attention, and are now within striking distance of a new high. There could be more fuel in the chip stock's tank, too, if recent...Read More
Bed Bath & Beyond reported revenue below analysts' expectations Retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) is struggling this morning, after unveilingfiscal first-quarter revenue and comparable-store sales that missed analysts' mark. The home goods peddler did report better-than-expected per-share earnings, but warned that full-year profits will come in at the lower end of previous guidance. As...Read More
AEO has fallen on the charts over the past yearClothing retailer American Eagle Outfitters (NYSE:AEO) is making headlines this morning on news it plans to sell cannabidiol-infused products online and in nearly 500 stores. American Eagle said it struck a deal with Green Growth Brands to sell body-care products infused with CBD oil, joining sector peers Abercrombie & Fitch (ANF) and Designer Brands...Read More
MSFT shares could take aim at record highs againMicrosoft Corporation (NASDAQ:MSFT) is trading in positive territory this morning after Cowen began coverage with an "outperform" rating and $150 price target, banking on more strength from the company's commercial cloud business. This view puts the brokerage firm in opposition with analysts at Jefferies, but mirrors the general bullishness on the st...Read More
SNAP options can be had for a bargain right nowThe shares of Snap Inc (NYSE:SNAP) are up 1.9% in electronic trading, after Bank of America touted improved revenue for the company's upcoming second-quarter earnings. The analyst cited a sharp increase app downloads to near record levels last month due to the Snapchat app's "gender-face-swap" filter. The brokerage firm lifted its price target to $1...Read More
Traders also continue to cheer Powell's dovish testimonyDow Jones Industrial Average (DJI) futures are signaling another up day, following yesterday's record highs, as traders continue to cheer dovish comments from Fed Chair Jerome Powell. The central banker will continue his testimony in Washington, D.C., today. In addition, healthcare stocks -- including blue chips Walgreens Boots Alliance (WBA)...Read More
Delta Air Lines reported impressive second-quarter resultsDelta Air Lines, Inc. (NYSE:DAL) stock is up 1.6% in electronic trading, after the air carrier reported better-than-expected second-quarter adjusted earnings of $2.35 per share on a record $12.5 billion in revenue, in line with the consensus estimate. DAL also said unit revenue rose 3.8%, and raised its full-year profit forecast and quarter...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce further updates regarding its transition to an omnichannel business.Following the Company's recent corporate update, Peekaboo Beans has announced its quarterly highlights for the period ended March 31, 2019 (Q1 2019):Quarterly Highlights ($CAD)Due to a shift in sales model, sa...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report results from drill holes LE19-15, 16A, 17 and 18. The results include 3.0m of strong uranium mineralization (>1,000 CPS, including 1.0m at >10,000 CPS) in step-out drill hole LE19-18, located 100m east of previous drilling plus a 7.0m long intersection (>1,000 CPS, including 6.0m at >5,000 CPS) of strong uranium...Read More
The S&P500 breached 3,000 points for the first time before closing slightly below the benchmark.The spot gold price has shot up US$32 an ounce compared with this point yesterday, to about $1,424/oz.The gold-heavy metals and mining sector closed more than 1% higher in Toronto yesterday.Market futures were pointing to a positive start today for key global indices.The S&P/ASX200 was up at the...Read More
The country's economy is again riding a production boom for key commodities, principally iron ore and gold which could generate more than A$90 billion of exports in 2019-20, but also coal and on a different level nickel and copper.While uncertainty about global economic growth, especially in the face of ongoing trade war talk, continues to make people nervous about predicting commodity demand and...Read More
Former Nevsun Resources president and CEO Peter Kukielski was named interim CEO.Kukielski was one of the nominees put forward by Waterton Global Resource Management, Hudbay's second-largest shareholder, and was an agreed nominee as part of the settlement struck between Waterton and Hudbay days ahead of the miner's May AGM. The company is already searching for a new chairman, with Alan Hibben...Read More
There are many mining and exploration opportunities in Southern Africa, with exploration work growing as more mining companies are focusing on the region, says South African airborne geophysics technology provider Spectrem Air GM Louis Polomé. In the next ten years, remote sensing in terms of geophysics, will play a critical role in the exploration of Southern Africa, for which geological d...Read More
The Angolan government is makingpreparations for setting up the country’s new National Minerals Resources Agency, the country’s State Secretary for Geology and Mines, Jânio Corrêa Victor, stated recently. The new agency will take over the role of minerals and mining rights concessionary from State-owned mining companies. This is part of the Angolan government’s policy...Read More