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
President Donald Trump issued an executive order on Wednesday prohibiting the purchase of Iranian iron, steel, aluminum and copper, ratcheting up tensions with the Islamic Republic less than a day after it declared it may begin enriching uranium again in two months.Trump said in his order that the prohibition on trading in the Iranian metals - the country is the world's 18th largest steel exporter...Read More
President Donald Trump issued an executive order on Wednesday prohibiting the purchase of Iranian iron, steel, aluminum and copper, ratcheting up tensions with the Islamic Republic less than a day after it declared it may begin enriching uranium again in two months.Trump said in his order that the prohibition on trading in the Iranian metals - the country is the world's 18th largest steel exporter...Read More
The shares could be ready to bounce after a post-earnings slumpiRobot Corporation (NASDAQ:IRBT) stock gapped down more than 23% on April 24, in reaction to a rare revenue miss for the Roomba maker. IRBT shares have been chopping near the $98 level since, but a pair of data points is suggesting the tech stock could be ready to run higher.For starters, iRobot stock is hovering near oversold territor...Read More
A London judge rejected fugitive diamantaire Nirav Modi's third attempt to get bail, after his lawyer said that Indian authorities have seized or liquidated the equivalent of $860 million of his funds and he doesn't have access to enough resources to flee.Judge Emma Arbuthnot ruled that even though Modi was willing to double his proposed security to 2 million pounds ($2.6 million), the risk of int...Read More
A London judge rejected fugitive diamantaire Nirav Modi's third attempt to get bail, after his lawyer said that Indian authorities have seized or liquidated the equivalent of $860 million of his funds and he doesn't have access to enough resources to flee.Judge Emma Arbuthnot ruled that even though Modi was willing to double his proposed security to 2 million pounds ($2.6 million), the risk of int...Read More
On his second day in office, Michael Goehring, newly appointed president and CEO of the Mining Association of British Columbia (MABC), was caught in a flurry of requests from multiple parties anxious for his attention.After a brief vacation in Las Vegas, Goehring started his role on May 1, directly following two decades in his previous position as partner at National Public Relations, Canada's lar...Read More
On his second day in office, Michael Goehring, newly appointed president and CEO of the Mining Association of British Columbia (MABC), was caught in a flurry of requests from multiple parties anxious for his attention.After a brief vacation in Las Vegas, Goehring started his role on May 1, directly following two decades in his previous position as partner at National Public Relations, Canada's lar...Read More
The Wall Street rookie has yet to close a session lowerVegan burger specialist Beyond Meat Inc (NASDAQ:BYND) began trading on the Nasdaq last Thursday, May 2, to much fanfare. Since then, the equity has yet to close a session in the red, and is now trading at more than three times its initial public offering (IPO) price of $25. What's more, BYND options began trading today -- here's how the option...Read More
For about a century, starting in the 1860s, the most prolific gold mining region of British Columbia was the Cariboo.The town of Barkerville, which sprung up in the Cariboo gold rush, was once a bustling town of 5,000.But by the 1950s, gold mining had pretty much dried up in the area, and the town of Barkerville was saved from becoming yet another B.C. mining ghost town only when it was turned int...Read More
For about a century, starting in the 1860s, the most prolific gold mining region of British Columbia was the Cariboo.The town of Barkerville, which sprung up in the Cariboo gold rush, was once a bustling town of 5,000.But by the 1950s, gold mining had pretty much dried up in the area, and the town of Barkerville was saved from becoming yet another B.C. mining ghost town only when it was turned int...Read More
Both equities sport attractively priced options, tooBlue-chip Nike Inc (NYSE:NKE) has struggled on the charts in the past week amid broad-market headwinds brought on by escalating U.S.-China trade tensions. However, this pullback could have bullish implications, if history is any guide.Specifically, the stock's recent drop has put it within one standard deviation of its long-term 10-month moving...Read More
Lithium chemicals supplier Livent Corp. (NYSE: LTHM) saw its shares tumble by over 22% on Wednesday on the back of a disappointing Q1 earnings release, along with a substantial cut in full-year guidance. The company's market capitalization now sits at $1.2 billion.Livent, which was spun out of FMC Corp. and went public last year, reported Q1 revenue of $98.3 million, about $5 million below analyst...Read More
The Dow is higher after a morning in the redStocks have spiked higher at midday, overcoming their morning losses to trade in positive territory after the White House confirmed it believes China is ready to make a trade deal. While the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all suddenly sport solid leads, the recently noisy Cboe Volatility Index (VIX) h...Read More
Options traders are betting on unusually large moves from both namesVolatility expectations are a huge part of options trading, so we're constantly looking for stocks that could make huge moves -- or fail to live up to Wall Street's lofty volatility expectations. With this in mind, two names options traders should pay attention to this week are GoPro Inc (NASDAQ:GPRO) and Dropbox Inc (NASDAQ:DBX),...Read More
Call traders have been flocking to the petroleum nameShares of Marathon Petroleum Corp (NYSE:MPC) are tanking this morning, last seen down 3.9% at $57.13, after the company revealed a surprise first-quarter loss due to Canadian fuel costs, while also sharing plans for a $9 billion merger of its midstream units. Marathon also scrapped plans to increase coking capacity at its Garyville, La., refine...Read More
Most analysts have swiped left on MTCH, thoughA big earnings winner this morning is Match Group Inc (NASDAQ:MTCH), after the dating services company reported adjusted first-quarter earnings of 42 cents per share, exceeding the analyst estimates of 32 cents per share. Revenue also topped forecasts, while subscribers grew year-over-year, thanks to increased customer engagement with the Tinder app....Read More
The analyst just gave LendingClub an "outperform" rating and a lofty price targetFollowing last night's unexpected first-quarter profit and revenue beat, Wedbushupgraded LendingClub Corporation (NYSE:LC) to "outperform" from "neutral," and hiked its target price to $5 from $3.75 -- a roughly 55% premium to Tuesday's close. The analyst said the consumer lending firm's tighter operating efficiency i...Read More
Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition.In 2018, total deployment of renewable energy stood at about 180 gigawatts (GW), which was the same as the previous year. It was the first time since 2001 that capacity failed to increase year-on-year, according to the International Energy Agency (IEA).Adding 180 GW of clean energy...Read More
Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers as the latter refuse to take contaminated crude that traders bought from companies in Russia.At least 10 crude tankers with 1 million tonnes of oil, worth more than $500 million in normal circumstances, are marooned across Europe and still looking for buyers because they have b...Read More
INGN, for instance, is near the bottom of the NasdaqThree stocks trading sharply lower this morning after quarterly earnings reports are online education expert 2U Inc (NASDAQ:TWOU), tech name 3D Systems Corporation (NYSE:DDD), and portable oxygen supplier Inogen Inc (NASDAQ:INGN). Let's break down what's happening with the shares of TWOU, DDD, and INGN. Analysts Reexamine TWOU Stock TWOU is trad...Read More