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

Blackrock Gold Corporation (TSXV: BRC) (Read full newsRead More

Plus, GDP data is due next weekAll eyes will be on the two-day G-20 summit meeting that begins on Friday, June 28, in in Osaka, Japan. After months of speculation, trade tensions, and new tariffs, President Donald Trump and Chinese President Xi Jinping will meet to discuss a trade deal. But prior to the big geopolitical summit, there's plenty to keep investors occupied. There will be blue-chip ea...Read More

And options are attractively priced at the momentCereal maker General Mills, Inc. (NYSE:GIS) will step into the earnings confessional n before the open next Wednesday, June 26. At last check, GIS is up 0.8% to trade at $53.79 today, and earlier nabbed a new annual high of $53.89. Ahead of the event next week, there is a reliable signal flashing that indicates GIS' hot streak is far from over.Spec...Read More

KMX has garnered bullish attention from analysts this weekCar resale giant CarMax, Inc (NYSE:KMX) is slightly lower this afternoon, last seen down 0.6% at $83.01. Traders are most likely gearing up for the company's first-quarter earnings report, slated for release before the market opens tomorrow,June 21. Below we will take a look at how KMX has been doing on the charts, and what the options mar...Read More

Canopy Growth is set to reveal its fiscal fourth-quarter earnings after today's close Canada-based marijuana concern Canopy Growth Corp (NYSE:CGC) is trading higher today, up 1.3% at $43.31, right ahead of the firm's fiscal fourth-quarter earnings release after the close today. The weed stock is higher after shareholders approved the company's acquisition of Acreage Holdings yesterday evening. Can...Read More

Middle East tensions are driving oil prices higherIt's a record-setting session on Wall Street, with the S&P 500 Index (SPX) running to a new record intraday high this morning, as stocks continue to react to Wednesday's dovish Fed comments. The Dow Jones Industrial Average (DJI) is surging, too, coming within 190 points of its Oct. 3 all-time peak earlier, while the Nasdaq Composite (IXIC) is also...Read More

Piper Jaffray is concerned with HSY's valuation after its strong run in 2019Hershey Co (NYSE:HSY) shares are trading down 0.5% this morning at $137.15, after Piper Jaffray downgraded the stock to "underweight" from "neutral" and set a $125 price target, saying the company's valuation is too high compared to its peers. This comes after HSY hit an all-time high of $139.34 earlier this month, with th...Read More

The brokerage firm sees 30% downside for Tesla stockTesla Inc (NASDAQ:TSLA) stock is down 1.6% this morning to trade at $226.43, in reaction to a scathing bear note from Goldman Sachs. The brokerage firm slashed its TSLA price target to $158 from $200 -- a 30% discount to last night's close -- saying, "a downward path for shares will resume as it becomes more clear that sustainable demand for the...Read More

Deutsche Bank initiated with a "buy" ratingComputer maker Dell Technologies Inc (NYSE:DELL) is climbing the chartsthis morning, last seen up 4.3% at $55.72, after Deutsche Bank initiated coverage with a "buy" rating and $62 price target on the stock. The brokerage firm said it believes DELL could stave off industry headwinds, and might benefit from refinancing opportunities in the event of lower...Read More

CCL is pacing for its worst day since 2012One of the worst stocks on the New York Stock Exchange today is Carnival Corp (NYSE:CCL), down 12.6% to trade at $46.21 this morning. The company's adjusted second-quarter earnings and revenue came in above analyst expectations, but the cruise line cut its 2019 profit forecast, citing the U.S. government policy change toward travel to Cuba. This is pacing...Read More

The 10Y US Treasury yield is now down 11bps from the FOMC Statement, plunging back below 2.00% for the first time since November 2016, as Gold has spiked up to almost $1400...its highest since Sept 2013.Read full newsRead More

Alibaba just announced that its "6.18 Mid-Year Shopping Festival" broke records across China The shares of Alibaba Group Holding Ltd (NYSE:BABA) are popping this morning, after the Chinese e-commerce giant announced that its "6.18 Mid-Year Shopping Festival" broke sales records across China. The event, which took place over 18 days and featured over 200,000 brands, helpedmany of the participating...Read More

The Dow is set for a huge open as investors cheer a dovish FedU.S. stock futures are pointing to a higher open, with the Dow Jones Industrial Average (DJI) set for a more than 250-point jump out of the gate. The bullish backdrop comes after the Fed's dovish update yesterday, putting a potential interest-rate cut on the table for 2019. Meanwhile, weekly jobless claims were lower than expected this...Read More

June 18, 2019 (ACCESSWIRE via COMTEX) -- Further Update Concerning Acacia Mining plc - Situation in Tanzania and Review of Acacia Mine Plans NOT FOR RELEASE,...Read full newsRead More

The hit of 622m grading 0.6% copper and 0.2 grams per tonne gold from 204m depth (including 188m at 0.9% copper and 0.Read More

At the event, 126 rough diamonds weighing 2,090 carats were auctioned. The lot included a large stone of 63.8 carats that originates from the deposits of Almazy Anabara JSC. The auction's total sales sum came to $7.6 million. This time, more than 100 companies participated in the auction. Buyers arrived in Dubai from Belgium, Hong Kong, India, Israel, Russia, the United Arab Emirates and the...Read More

Gem Diamonds announced it has sold all of its share capital in Gem Diamonds Botswana Proprietary Limited (GDB) to Pro Civil, a company registered in Botswana. GDB's chief is the Ghaghoo diamond mine in Botswana which has been on care and maintenance since March 2017, and which is wholly owned by GDB. GDB reported a loss of US$ 4.9 million in 2018. Its assets were valued at US$ 3.9 million. U...Read More

The Bharat Diamond Bourse (BDB) in Mumbai issued a statement, welcoming the announcement made by the Gem and Jewellery Export Promotion Council (GJEPC) that the umbrella organization of Indian diamond, gem and jewelry industry and trade would  be holding a separate Buyer-Seller meeting in in parallel to the third edition of the Bharat Diamond Week (BDW) which takes place at the bourse from 14...Read More

US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform.The system can detect changes in vibration at an extremely low frequency (one hertz). As a result, SpotSee says, it is better able t...Read More

De Beers Group Institute of Diamonds will be partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout India. The IIG has been operating for more than 50 years and is recognized as a leader in gemology and in diamond and jewelry education in India. The partnership will initially launch with a focus on the De Beers Group online Diamond F...Read More