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 backpedaled alongside 10-year bond yields, stirring recession fearsIt was a choppy session for U.S. stocks today, as the Dow erased early gains around midday to turn lower alongside the 10-year Treasury yield -- which is drawing closer to parity with its 2-year counterpart, and raising alarms about a possible yield curve inversion. This development, paired with rising tensions in the U.S.-C...Read More

Credit Suisse is lacking hope toward Kraft HeinzTrade uncertainty has stocks hovering around breakeven, leaving marketsrelatively quiet at midday. Three stocks that are making noise today are measurement name Keysight Technologies Inc (NYSE:KEYS), Tommy Hilfiger parent PVH Corp (NYSE:PVH), and ketchup manufacturer Kraft Heinz Co (NASDAQ:KHC). Below, we will dive into what is moving the shares of...Read More

The social media stock is making a notable move higher todaySnap Inc (NYSE:SNAP) options volume is heavy today, as the shares of the Snapchat parent jump 1.6% to trade at $11.87 -- putting them within striking distance of their April 8 eight-month peak at $12.63. Most of the action has been at the hands of bullish speculators, as they target even more upside for the social media stock over the nex...Read More

Blackrock Gold Corp. (TSXV:BRC, OTC:BKRRF, FRANKFURT:AHZ) (Read full newsRead More

Traders have been buying to open out-of-the-money June calls this weekU.S.-China trade tensions have sparked a sell-off in oil prices recently, with the front-month July-dated contract shedding roughly 13% since its April 23 close at $66.24 per barrel -- last seen at $57.53 per barrel. This weak price action has been seen in the VanEck Vectors Oil Services ETF (OIH), which is off more than 27% ove...Read More

Production has officially ceased at the first and only diamond mine in the Canadian province of Ontario- the Victor mine owned by De Beers Canada. The news comes 10 years and 10 months after the mine was officially opened in July 2008.Mining ceased on March 5, and the recovery plant treated stockpiled material since then. The last economic ore was processed on May 25, 2019, followed by several day...Read More

China's retaliatory tariff hikes are set to take effect on June 1The U.S.-China trade war could remain in focus next week, with China's retaliatory tariffs on $60 billion in U.S. goods slated to take effect on Saturday, June 1. Meanwhile, next week's potentially market-moving events will also include May's highly anticipated nonfarm payrolls, as well as Apple's (AAPL) Worldwide Developers Conferen...Read More

Speculators are targeting at-the-money weekly options that expire tomorrowRide-sharing service Uber Technologies Inc (NYSE:UBER) is set to unveil its first earnings report as a publicly traded company after tonight's close, and ahead of the event, the stock is relatively quiet -- last seen down 0.3% at $39.84. UBER's options pits, on the other hand, are buzzing, with volume running at a much quick...Read More

UBS just downgraded Verizon from "buy" to "neutral" The Dow component Verizon Communications Inc (NYSE:VZ) was just served a bearish note by UBS. The analyst knocked the stock to "neutral" from "buy," saying its valuation already prices in a number of potential catalysts. The analyst maintained their price target of $59, which sits at a slight premium to current levels. VZ is down 2.1% at $56.94 a...Read More

Once every decade or so, the world goes through a collective freak-out about rare earths.The suite of 17 elements strung toward the bottom of the periodic table are notable in that they're essential in several high-technology applications such as wind turbines, electric cars and lasers, and largely made in China.That makes them a scary-sounding weapon in economic and diplomatic disputes. Back in 2...Read More

Traders aren't doing much with trade uncertainty sapping sentimentStocks are hovering near breakeven today in a low-volume session. Trade uncertainty is holding back the Dow Jones Industrial Average (DJI) and its index peers, with news China is halting soybean purchases from the U.S. overshadowing upbeat gross domestic product (GDP) data from this morning. There's also notable weakness in the ener...Read More

Analyst sentiment remains bullishly skewed, howeverAlthough Dropbox Inc (NASDAQ:DBX) is down 0.5% to trade at $22.51 today, it remains on pace toward its first weekly win since May 3. However, this mini-heater has sent DBX barreling toward a trendline with bearish implications, if history is any guide.More specifically, the equity is now within one standard deviation of its 80-day moving average,...Read More

The new International Maritime Organization (IMO) 2020 regulations are expected to have some tangible effect on the steel industry. Primarily, increasing freight rates for raw materials such as iron ore and coal as ship owners and operators pass on higher bunker costs. Yet the new regulations may have a further, more unexpected effect on the steel sector, and the nascent electric vehicle battery...Read More

Copper's price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market.Copper is used in the power and construction industries and is seen by investors as a gauge of economic health.Benchmark copper prices on the London Metal Exchange, trading at aroun...Read More

Copper's price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market.Copper is used in the power and construction industries and is seen by investors as a gauge of economic health.Benchmark copper prices on the London Metal Exchange, trading at aroun...Read More

Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.In the first three months of 2019, gold purchases by the country's top banks hit the highest level in six years, as nations diversify their assets away from the US dollar.Global gold reserves, in fact, rose 145.5 tonnes in the first quarter, a 68% increase from a year earlier, based on...Read More

The SPX is down more than 5% so far this monthThe U.S. stock market got off to a rip-roaring start in 2019, with the S&P 500 Index (SPX) surging more than 17% year-to-date through its April 30 close. The broad-market index started the month of May off strong, too, hitting a record intraday high on May 1, before the cards came crashing down on renewed U.S.-China trade tensions. The SPX is now pacin...Read More

The Ohio House of Representatives on Wednesday approved a measure that would subsidize the state's struggling coal and nuclear plants after lobbying from a member of President Donald Trump's re-election campaign.Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well, according to a p...Read More

Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More

Shares in Ecuador-focused SolGold (LON, TSX:SOLG) took a hit on Thursday, following media reports of a potential referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located.The company's stock dropped more than 28% in London to 24.26 pence in early morning, but recovered in the afternoon to close at 32p, leaving its market cap at almost 589m pou...Read More