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
Stocks got a mid-week boost from Fed Chair Powell's dovish commentsIt was a banner week for Wall Street, with the Dow and S&P 500 leading the charge with new record highs. The 27,000 and 3,000 levels were both toppled, respectively, thanks to Fed-related tailwinds, as Wall Street cheered dovish mid-week comments from Fed Chair Jerome Powell. The Nasdaq also hit an all-time peak, barreling north of...Read More
Options volume is accelerated on CTST, ACB, and CGC stocksU.S. stocks are rallying again today to end their record-setting week on another high note. In the meantime, we're monitoring moves from weed stocks CannTrust Holdings Inc (NYSE:CTST), Aurora Cannabis Inc (NYSE:ACB), and Canopy Growth Corp (NYSE:CGC). Here's how the shares of CTST, ACB, and CGC are trading today. New Low For CTST After It P...Read More
The shares have retreated after every other signal over the past three yearsCardinal Health Inc (NYSE:CAH) was among the drug distributors that catapulted higher yesterday, after the Trump administration withdrew a proposal that aimed to end rebates paid to pharmacy benefit managers. As such, CAH stock yesterday rallied to its highest point in nearly two months. However, if recent history is any i...Read More
Analysts are overwhelming bullish on the biopharmaRedhill Biopharma Ltd (NASDAQ:RDHL) stock is near the top of the Nasdaq today, up 12.7% at $7.48, after the Israel-based drugmaker saw some bullish brokerage attention. Specifically, WBB Securities raised its rating to "strong buy" from "buy," and reiterated its $17 price target -- a 156% premium to last night's close.The firm said it expects the F...Read More
Peloton closes $73,352 first tranche of financingRead full newsRead More
LONDON - Nickel prices touched their highest in four months on Friday on worries that major producer Indonesia will resume an export ban on ore in 2022.Indonesia relaxed the ban in 2017, but ...Read full newsRead More
Goldman Sachs upgraded SFIX stock to "buy" from "neutralThe shares of online styling service Stitch Fix Inc (NASDAQ:SFIX) are on the rise, after Goldman Sachs upgraded the stock to "buy" from "neutral," commending the company's "product innovation, operational efficiencies, and geographic expansion," as well as its recent brick-and-mortar store closures, which could provide "significant opportun...Read More
The SPX has reclaimed the 3,000 levelThe Dow Jones Industrial Average (DJI) is heading toward its third straight win and second straight triple-digit gain to close out a record-setting week. The blue-chip index already nabbed another fresh intraday record high earlier today, as optimism regarding a Fed rate cut builds. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are confidently higher as...Read More
Weekly options trading has picked up on FBFacebook, Inc. (NASDAQ:FB) is in focus today after President Donald Trump tweeted about the company's new cryptocurrency Libra, saying he's "not a fan" of cryptocurrencies in general and that the company may need to get a banking charter. This comes as the Senate Committee on Banking, Housing, and Urban Affairs is set to hold a hearing for Libra next week,...Read More
Both Citi and BMO see headwinds for banks from potential Fed rate cutsMost bank stocks got a boost yesterday, after Fed Vice Chair Randal Quarles said the central bank would announce changes to the Volcker Rule later this year as a means of deregulating the financial industry. Nevertheless, Citigroup sees headwinds for the sector, saying a 100-basis point Fed rate cut could pull down U.S. banks ea...Read More
Cititgroup has been climbing higher on the chartsBank giant Citigroup Inc (NYSE:C) is up 0.3% at $71.83 this afternoon, eyeing its sixth straight weekly win. Options traders may be gearing up for the company's second-quarter earnings, slated for before the market opens, Monday, July 15. Below we will take a look at how C has been faring on the charts, as well as to what the options market is pric...Read More
Illumina also lowered its full-year revenue growth forecastBiopharma concern Illumina, Inc. (NASDAQ:ILMN) is eyeing its worst day in nearly three years, after the company reported preliminary second-quarter revenue that fell well below analysts' expectations. The firm also lowered its full-year revenue growth forecast, citing a weak direct-to-consumer market, among other things. ILMN stock is down...Read More
Analysts remain quite bullish on SAVE, thoughA day after Delta Air Lines (DAL) soared in the wake of its quarterly report, the shares of sector peer Spirit Airlines Incorporated (NYSE:SAVE) are down 0.4% to trade at $52.04 this morning. Spirit's second-quarter revenue growth outlook of nearly 19% came in lower than expected. Despite the subpar number, Citi upped its price target on SAVE today to...Read More
Ford has been climbing the charts since its December bottomShares of Ford Motor Company (NYSE:F) are higher this morning, after the car name announced an extended collaboration with sector peer Volkswagen. Specifically, the two automakers will take equal minority stakes in self-driving and electric vehicle startup Argo, which will result in a majority stake when combined. The deal allows the compa...Read More
The brokerage firm began coverage on Wall Street freshmen Zoom Video Communications and SlackWall Street newcomers Zoom Video Communications Inc (NASDAQ:ZM) and Slack Technologies Inc (NYSE:WORK) are in focus this morning after receiving new coverage at Stephens. More specifically, the brokerage firm took a bullish view on both the shares of ZM and SLACK, giving them "overweight" designations. Loo...Read More
The Dow is set to extend its journey atop 27,000Dow Jones Industrial Average (DJI) futures keep surging, signaling another record high on the horizon, amid lingering optimism about a July rate cut. Traders continue to cheer dovish two-day testimony from Fed Chair Jerome Powell, with bank stocks Goldman Sachs (GS) and JPMorgan Chase (JPM) higher ahead of the bell -- and ahead of a flood of bank ear...Read More
The biopharma outlined a Phase 3 study for its MS treatment, ibudilastMediciNova, Inc. (NASDAQ:MNOV) stock is up 9% in electronic trading, after the California-based biopharmaceutical firm announced plans for a late-stage clinical trial for ibudilast in patients with progressive multiple sclerosis (MS). The company said it will conduct just one study, with the Food and Drug Administration (FDA) sa...Read More
July 10, 2019 (ACCESSWIRE via COMTEX) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY...Read full newsRead More
Emmerson shares were trading at 3.84p early today, up more than 42% since the start of 2019 but off the recent high of 6.2p reached in May.The company's CEO Hayden Locke said the oversubscribed new share issue showed good investor support for Khemisset."These funds enable us to continue our strategy of rapidly advancing the project and our discussions with various potential strategic partners, wit...Read More
PERTH (miningweekly.com) – Diversified miner Rio Tinto has unveiled its latest tender from the Argyle diamond mine, in the Kimberley region of Western Australia, as the operation nears the end of its life cycle.The 64-diamond collection includes three Fancy Red diamonds and weighs a combined 56.28 ct.Advertisement“I am delighted to be at the Argyle mine for this exclusive world preview...Read More