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
FALCON GOLD CORP. (TSXV: FG) (Read full newsRead More
I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More
I am getting bullish on euro and pound. I also expect more losses for the US dollar index and gains for Asian currencies against the US dollar. A currency war can be unleashed by Trump anytime. Trump believes that nations will use currency depreciation to offset higher tariffs. The Federal Reserve will take direct and indirect measures to ensure the competitiveness of the US dollar. This implies...Read More
President Trump has a "feeling" a trade deal with China will be reachedThe Dow pulled back for its second straight loss today, but held on to the 26,000 level. Subpar inflation data underscored expectations for an interest rate cut soon, weighing on bank stocks. A drop in oil prices and a slumping tech sector also kept the three U.S. benchmarks under pressure all day. On the trade front, President...Read More
MX and SYBX stocks both shot to the top of their respective exchangesWhile the Dow trades modestly lower, several individual stocks are making volatile moves, including Magnachip Semiconductor Corp (NYSE:MX), Synlogic Inc (NADSAQ:SYBX), and Hooker Furniture Corporation (NASDAQ:HOFT).Here's what's moving the shares of MX, SYBX, and HOFT.Magnachip Stock Climbs NYSE On Forecast BoostMX stock is at th...Read More
Evercore ISI initiated coverage on both names with an "outperform" ratingEvercore ISI chimed in on restaurant stocks today, saying the lack of an "existential Amazon threat and death of impulse channel risk" could create cash-flow stability, and tapped McDonald's Corp (NYSE:MCD) and Yum! Brands, Inc. (NYSE:YUM) as two of its top picks. The brokerage firm also started coverage on the two stocks wit...Read More
Could traders be reacting to Kevin Durant's injury?The chatter around Kevin Durant's injury in game 5 of the NBA Finals has even made its way to Wall Street, with some attributing the pullback in shares of Madison Square Garden Co (NYSE:MSG) on Tuesday to the Warriors forward's apparent Achilles injury -- since it's long been speculated that Durant will join the Knicks next year. In fact, Durant r...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
LRCX still has a solid YTD leadLam Research Corporation (NASDAQ:LRCX) has an interesting setup in the options pits based on some of Schaeffer's indicators, with short-term traders heavily put-skewed despite unusual call buying in recent weeks. For instance, the Schaeffer's put/call open interest ratio (SOIR) of 1.61 ranks in the 86th annual percentile, while the 10-day call/put volume ratio at the...Read More
Data showed weekly crude inventories rose again last weekThe Dow Jones Industrial Average (DJI) is lower at midday, as traders digest the latest inflation data, putting the blue-chip index on track for back-to-back losses. While downside for the Dow is modest thanks to big gains from pharma stocks Johnson & Johnson (JNJ) and Merck (MRK), oil prices are making a notable move south after data showed...Read More
The Apple supplier is set to report earnings after tomorrow's closeThe shares of Apple (AAPL) supplier Broadcom Inc (NASDAQ:AVGO) are cooling off slightly, down 1.6% at $279.01 ahead of the company's fiscal second-quarter earnings release after the close tomorrow, June 13. The shares just touched three-week highs yesterday following a seven-day win streak -- the longestsince September 2018 -- but...Read More
The blue chip is set to snap a six-day winning streakThe shares of Cisco Systems, Inc. (NASDAQ:CSCO) are pulling back from 18-year highs, after analysts at William Blair downgraded the blue chip to "market perform" from "outperform." It's the first time the brokerage firm has adjusted its CSCO rating in six years, citing concerns about increasing competition and growth in fiscal 2020. As such, Cis...Read More
AXGT keeps trading lower despite a bull note and a smaller-than-expected lossAxovant Sciences Ltd (NASDAQ:AXGT) has seen its stock fall from the mid-$30 range to yesterday's close of $3.94, even after positive data for its Parkinson's treatment. However, Jefferies referred to the shares as "remarkably cheap" and even though it cut its price target to $16 from $24, it kept its "buy" rating in place...Read More
Some traders are betting on bigger losses through Friday's closeDave & Buster's Entertainment Inc (NASDAQ:PLAY) is trading at the bottom of the Nasdaq this morning, after the restaurant and entertainment name unveiled an unexpected drop in same-store sales (SSS) for the first quarter, with CEO Brian Jenkins citing "the Easter shift." The company also lowered its full-year forecast. A round of bear...Read More
The firm inked a multi-year deal with Green Organic DutchmanThe shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT) are surging on the charts yet again, after the Canadian nutrition products specialist announced its partnership with Green Organic Dutchman. According to the deal, the latter company will supply cannabis and hemp biomass to NEPT, which will manufacture the finished products. The...Read More
There's still plenty of negative sentiment around the toy stockWhen we last checked in with toy icon Mattel Inc (NASDAQ:MAT), the stock was reaping the benefits of a Hello Kitty partnership. Today, MAT is up 4.2% to trade at $11.26, after the company rejected MGA Entertainment's latest merger offer.The bull gap from last week took Mattel stock back above its year-to-date breakeven level. Thanks t...Read More
Traders are digesting the CPI reading for MayFutures on the Dow Jones Industrial Average (DJI) are trading below fair value today after the index snapped its win streak on Tuesday. Investors this morning are monitoring the tame consumer price index (CPI) for May, which again pointed to soft underlying inflation -- likely increasing chatter about a potential interest rate cut from the Fed. With li...Read More
The Fed is not expected to raise rates at next week's meetingA Fed meeting is scheduled to wrap up next Wednesday, June 19. The Fed is expected to keep rates steady this time, but there's always a chance at some volatility based on the wording in the committee's statement. At its next meeting at the end of July, the Fed is expected to lower rates for the first time since raising them from near zer...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has filed a National Instrument 43-101 Technical Report (the "Report") on its 100% owned Larocque East property (the "Property"), home to the Hurricane uranium zone. The Hurricane zone is a new discovery of high-grade uranium mineralization located in the prolific eastern Athabasca Basin, Saskatchewan....Read More
Los Andes Copper (TSXV: LA) says its Vizcachitas project - a copper-molybdenum porphyry deposit 150 km northeast of Santiago, in central Chile - will be the South American country's next major copper mine.The project, which would produce copper and molybdenum concentrates from an open-pit mine and concentrator, sits at a relatively low elevation of 2,000 metres above sea level, and is just 65 km f...Read More