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
The shares have a history of making big post-earnings movesOptions traders are blasting Tailored Brands Inc (NYSE:TLRD) ahead of the retailer's first-quarter earnings report, due after the close tomorrow, June 12. This heavy options activity is hardly new for TLRD stock, though, with both call and put open interest perched at 52-week highs.Today, most of the action is occurring on the put side, wi...Read More
LULU gapped higher by 14% in the wake of March's earnings reportAthleisure icon Lululemon Athletica inc. (NASDAQ:LULU) has cooled off some since racing to a record high of $179.50 on April 25. But the lull could be over soon, with the company's first-quarter earnings report slated for release after the market closes tomorrow, June 12. Below, we will take a closer look at how LULU has been perfor...Read More
There's a lot to like about RACE stock from a technical standpoint Few groups have benefited more from President Donald Trump's decision to not go through with tariffs on Mexico than automakers, and one stock from this sector that's been soaring is Ferrari N.V. (NYSE:RACE). In fact, the shares earlier hit an all-time high of $155.51, as they go for a sixth straight positive session. Looking closer...Read More
A bullish signal flashing for Vistra might mean fresh highs on the charts Since suffering a massive bear gap shortly after hitting its all-time high in early May, the shares ofVistra Energy Corp (NYSE:VST) have been trading in a channel of lower lows, with several attempts at a bounce capped by the equity's 20-day moving average. VST is trying its hand at another comeback today, though, up 1.2% at...Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") is pleased to announce that it has secured $10 million USD (approximately $13 million CAD) in growth capital from BDC Capital Inc. ("BDC" and the "BDC Financing") to further accelerate organic growth and, in the longer term, expand the Company's customer base, product assortment and market reach.The BD...Read More
Great Bear Resources (TSXV:GBR, OTC:GTBDF) today reported mobilization of a third drill rig to its 100% owned Dixie Project in the Red Lake District of Ontario, as part of its ongoing fully-funded 60,000 metre drill program.Read full newsRead More
Chinese stimulus chatter is fueling upside, tooThe Dow Jones Industrial Average (DJI) has pared a portion of its earlier triple-digit lead, but is still sporting modest gains at midday -- putting the blue-chip index on track for a seventh straight win. In addition to stimulus buzz out of China, traders are reacting to a positive session for tech shares, with upgraded Facebook (FB) highlighting a b...Read More
The stock has seen support at its 160-day moving averageBargain retailer Five Below Inc (NASDAQ:FIVE) has had a mostly strong year on the charts. So far the shares have tacked on 28.9% year-over-year, and despite a recent fall, they're seeing a floor of support at the historically supportive 160-day moving average. Also emerging as support has been the $119 level, which represents seven times the...Read More
J.P. Morgan Securities said the move was strictly due to valuation concernsBeyond Meat Inc (NASDAQ:BYND) stock is spiraling today, down 18.9% at $136.33, pacing for its worst day ever by far. This comes after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the vegan burger maker's risk/reward is now balanced, and calling the move "purely a valuation call." Howeve...Read More
Weekly FB calls have been popular in recent daysFacebook, Inc. (NASDAQ:FB) was hit hard last week as reports swirled throughout the tech sector about potential federal investigations. However, an analyst note this morning suggested regulatory concerns are already priced into the stock, and are overshadowing the company's growth potential. This came from Moffett Nathanson, which upgraded FB shares...Read More
Virtually every analyst in coverage rates AVGO a "buy"When we last checked in with semiconductor concern Broadcom Inc (NASDAQ:AVGO), the stock was flashing a bullish signal before Memorial Day weekend. Today, AVGO is up 2.8% to trade at $289.24, after the company inked a new supply arrangement with Apple (AAPL) for the next two years.Broadcom stock is heading towards its seventh straight win. Aft...Read More
The drugmaker announced weak results for its experiential NASH treatment The shares of Cymabay Therapeutics Inc (NASDAQ:CBAY) are plummeting, after its experimental drug used to treat a fatty liver disease called nonalcoholic steatohepatitis (NASH) was only minimally effective during a mid-stage study. The stock is eyeing its biggest one-day drop ever, and already brushed a new two-year low of $...Read More
The Dow looks poised to extend its win streakThe Dow Jones Industrial Average (DJI) is yet again set for a positive open, with futures trading more than 100 points above fair value. Another win would be a seventh straight for the index, while the S&P 500 Index (SPX) is also trying to extend its win streak to six. This comes as markets overseas gained on news of potential infrastructure spending in...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
Critical chart levels stepped up to support Amazon at last week's lowsA couple of months ago in this space, we wrote that Amazon.com, Inc. (NASDAQ:AMZN) -- by virtue of its unique cross-sector footprint, as well as its uncommonly massive market capitalization (around $885 billion, as of this writing) -- was worthy of tracking as its own "micro market bellwether" of sorts, given its exposure to bot...Read More
Gold stocks hitting new highs for the year -- risk back on? Here are 4 miners on upward trajectory lately.Read full newsRead More
The U.S. Environmental Protection Agency plans to drill a test well into an inactive mine tunnel in southwestern Colorado to get information for a Superfund cleanup.Read full newsRead More
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V) ("Voleo", the "Company"), is pleased to announce the Company will participate in Google's Digital Strategy program to scale and accelerate user acquisition and growth on Voleo's social trading application.The Google Digital Strategy Program is an initiative that aims to optimize selected start-up companies' marketing spend by expanding...Read More
Investing.com - Prices of safe-haven gold fell on Monday in Asia as market sentiment was boosted by easing global trade tensions and strong trade data out of China data.Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, were down 1.0% at $1,332.05 per ounce by 1:15 AM ET (05:15 GMT).Market sentiment was boosted after the U.S. and Mexico struck a mig...Read More
Two Germany-based institutions are putting in $10 million at 9.3c per share, and are underwriting the $5 million non-renounceable rights issue set to be undertaken.Read More