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
One of the very first lessons I learned in investing was about "cycles."Commodity cycles, to be precise.This was all the way back in 2008. I was in my 20s and had just started writing financial newsletters when the economy started to collapse.It was a scary time, but that also meant there were plenty of bargains to be had for shrewd investors. One was oil, which fell to $30 per barrel that Decembe...Read More
Aim-listed BlueRock Diamonds, the owner and operator of the Kareevlei diamond mine, in Kimberley, has sold a 24.98 ct diamond recovered earlier this month for $190 000.Executive chairperson Mike Houston on Friday commented that the company was delighted with the sale of its largest diamond to date, adding that its recovery and sale demonstrated the potential of Kareevlei.Advertisement“We con...Read More
Austrian development contractor Züblin will use Epiroc drill rigs and loaders at El Teniente, with deliveries said to be underway and set to continue into next year.Epiroc said the machines would be equipped with its Certiq telematics system for "automated and intelligent monitoring of productivity and machine performance". Read More
Immersive Technologies CEO Peter Salfinger told Australia's Mining Monthly the sale came at the end of a process the company had started about one year ago.Read More
Fremont Gold Ltd. (TSXV:FRE) (FSE:FR2) (OTC:STDF) (Read full newsRead More
A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More
Disney stock also boosted the DowIt was a bounce-back session for the Dow today, as energy stocks and Disney (DIS) helped the blue-chip index to a triple-digit rebound after a two-day slump. Investors are monitoring the Gulf of Oman, where two tanker attacks sent oil prices climbing -- and subsequently escalatedtensions between the U.S. and Iran. Specifically, Secretary of State Mike Pompeo blamed...Read More
Breaking down a bear put spread on the real estate fundU.S. real estate investment tracker iShares U.S. Real Estate ETF (IYR) is set for its highest close since early 2007, last seen up 0.3% at $89.55. IYR has been climbing the charts this year, so far up nearly 20%, and today rallied as high as $89.64 -- tying its 12-year peak touched on June 7. Aiding the exchange-traded fund's (ETF) rally ha...Read More
Uber's about to snap its five-day losing streakThe shares of LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) are both trading higher today, after Evercore ISI initiated coverage on the ride-sharing stocks with "outperform" ratings and lofty price targets ($74 for Lyft; $60 for Uber). The brokerage firm cited "powerful near term catalysts," and an "improving pricing environment." The b...Read More
American Airlines topped the Nasdaq after J.P. Morgan's bullish earnings prediction While the Dow recovers some of yesterday's losses, several other stocks are seeing a move higher, too. That includes travelname American Airlines Group Inc (NASDAQ:AAL), sporting goods name Callaway Golf Co (NYSE:ELY), and sonar developer Coda Octopus Group, Inc (NASDAQ:CODA).Here's what's moving the shares of AAL....Read More
Morgan Stanley is bullish on Disney+ subscriber growthWalt Disney Co (NYSE:DIS) is by far the best Dow stock today, up 4.3% at $141.55. This comes after Morgan Stanley lifted its DIS price target to $160 from $135 -- a nearly 18% premium to last night's close -- and boosted its Disney+ subscriber growth forecast in part due to brand familiarity, saying it believes "the market has often overstated...Read More
AYX was looking ripe for a bullish options trade in late MaySubscribers to Schaeffer's Weekend Trader Series service justdoubled their moneywith the Alteryx Inc (NYSE:AYX) August 85 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 in our May 19 email, the shares...Read More
Short-term contracts are popular on FSLRA few stocks seeing unusual options trading today are First Solar, Inc. (NASDAQ:FSLR), Hexo Corp (NYSEAMERICAN:HEXO), and Tyson Foods, Inc. (NYSE:TSN). Let's see how speculators are approaching the shares of FSLR, HEXO, and TSN. Solar stocks are gaining today after trade authorities made some solar panels exempt from tariffs. For First Solar stock, that mean...Read More
Plus, June 21 is quadruple-witching FridayWhile June has been relatively quiet by Wall Street's standards, the action will heat up next week. Investors have the Federal Open Market Committee (FOMC) meeting to look forward to, plus a press conference from Fed Chair Jerome Powell, who alluded to an interest rate cut earlier in the month. However, CME Group's FedWatch tool suggests the market is expe...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
A look at stocks that tend to outperform during Fed meeting weeksThe Federal Open Market Committee (FOMC) will hold its two-day policy meeting next week, with the central bank's interest rate decision due at 2 p.m. ET on Wednesday, June 19. While CME Group's FedWatch tool pegs the odds of a Fed rate cut at just 24.2% this time around, traders will undoubtedly dissect post-meeting comments from Fed...Read More
The Medicines Company has nearly doubled in 2019Drug name The Medicines Company (NASDAQ:MDCO) has had a noticeably sharp turnaround this year. The good news is that this torrid rally is far from over, if this historical indicator rings true. More specifically, MDCO is now within 2% of its 20-day moving average. Since its inception, there have been four other times when the stock pulled back to...Read More
Americans' very way of life could be threatened, according to the man who predicted the downfall of Fannie Mae and Freddie Mac.No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America...Read More
Roth Capital just started coverage with a "buy" rating and a $25 price target Tomato turned pot concern Village Farms International Inc (NASDAQ:VFF) is getting some analyst recognition today, after Roth Capital initiated coverage on the stock with a "buy" rating and a $25 price target -- more than double the stock's current perch at $12.44. The analyst said it liked that Village Farms planned on...Read More
A pair of oil tankers were reportedly attacked in the Gulf of OmanThe Dow Jones Industrial Average (DJI) is higher today on strength in energy shares Chevron (CVX) and Exxon Mobil (XOM). The two oil majors have added 1.2% apiece, as reports of tanker attacks off the coast of Iran spark concerns over a potential supply disruption -- and boost July-dated crude 3.3% to trade at $52.85 per barrel. Wal...Read More