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 S&P and Nasdaq both nabbed record closes earlier this weekEarnings season is a roller coaster, and this week was no different. Wall Street saw the S&P 500 and Nasdaq nab record closes, only to take a breather later in the week, although this could signal low volatility ahead. In addition to corporate earnings, traders kept an eye on oil prices and digested better-than-expected gross domestic...Read More

Ollie's Bargain Outlet is nearing record-high territoryRetail chain Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) is moving higher this afternoon, last seen up 0.2%, at $95.32. The shares earlier this week received a Morgan Stanley's price-target hike to $86 from $79, which sent OLLI's year-to-date gain above 43%. In fact, the stock rallied its way to an all-time peak of $97.98 on Wednesday....Read More

Oil prices are reeling on comments from President TrumpDespite first-quarter gross domestic product (GDP) growth that exceeded expectations, the Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today. The index was last seen modestly higher, though, even as blue chips Exxon Mobil (XOM) and Intel (INTC) tank after earnings. Meanwhile, the Nasdaq Composite (IXIC) isin the re...Read More

At least nine analysts raised their Amazon price targets overnightAmazon.com, Inc. (NASDAQ:AMZN) is buzzing this morning, with analysts quick to react after the e-tailer last night reported a first-quarter earnings beat. Specifically, the tech giant recorded a $7.09 per-share profit in the first three months of 2019, more than double its year-ago $3.27 per-share profit, and well above the consensu...Read More

Uber is expected to go public in early MayDetails of Uber's initial public offering (IPO) are emerging, valuing the company north of $80 billion, and that has rival ride-sharing concern LYFT Inc (NASDAQ:LYFT) in focus. Another name that's in the conversation is PayPal Holdings Inc (NASDAQ:PYPL), with the payments processor planning a $500 million purchase of Uber shares, which are expected to be p...Read More

Edibles and the entry of major retail players should push pot into the mainstreamWeed concern Aurora Cannabis Inc (NYSE:ACB) is higher today, as traders digest the company's new licensing agreement for EnWave's patenteddrying technology. In addition, ACB and fellow cannabis concern Hexo Corp (NYSEAMERICAN:HEXO) both scored fresh "buy" ratings from analysts at Desjardins Securities. The brokerage f...Read More

Sibanye Gold Ltd. agreed to raise its all-share offer for platinum miner Lonmin Plc, citing an increase in metal prices since the deal was announced in December 2017.The increase should help bolster support from Lonmin investors, who still need to vote on the takeover. It also signals Sibanye boss Neal Froneman's determination to get the deal done, as the company needs access to Lonmin's metal-pro...Read More

INTC is on track for its worst day since July Intel Corporation (NASDAQ:INTC) is the worst stock on the Dow today by far, down 8.3% to trade at $52.85, after the chipmaker cut its 2019 revenue forecast to $69 billion from $71 billion, while also reporting lower-than-expected data center sales. The dismal guidance overshadows aearnings and revenue beat, sparking concerns about a sector-wide semico...Read More

The brokerage firm also slashed its FDX price targetUBS downgraded FedEx Corporation (NYSE:FDX) to "sell" from "neutral," and slashed its price target by $10 to $161 -- a nearly 15% premium to last night's close at $188.87. Analyst Thomas Wadewitz cited slowing Asian airfreight and German factory activity as signs of a "challenging environment for Fedex's International Package business," while wea...Read More

The food delivery concern announced a first-quarter earnings and revenue beat Food delivery concern Grubhub Inc (NYSE:GRUB) is soaring today, after the company posted earnings and revenue for the first quarter that exceeded analysts' estimates. The company says it's gained an edge in the oversaturated market via aggressive spending and strategic partnerships with restaurants. GRUB shares are up 9...Read More

In a meeting at the economic affairs ministry in The Hague late last year, Tata Steel's Dutch chief Theo Henrar pledged he would spend hundreds of millions of euros to cut factory emissions - on condition the government invested a similar amount.The proposal from the industrial giant, which has not been made public, comes against the backdrop of global wrangling between governments and corporation...Read More

The SPX and NDX are signaling lower starts, tooIt's a busy morning on Wall Street, with traders eyeing another round of blue-chip earnings.Intel (INTC) stock is bracing for a big drop on the chipmaker's weak outlook, and oil major Exxon Mobil (XOM) is also lower after earnings. Elsewhere, traders are digesting the the latest gross domestic product (GDP) reading, which showed the U.S. economy grew...Read More

ZEN Graphene Solutions (TSXV: ZEN) reported this week that it is collaborating with Constance Lake First Nation to incorporate traditional knowledge into the environmental baseline studies for its Albany graphite project near Thunder Bay, Ontario.In a press release, ZEN said that the studies are already underway and, together with social baseline assessments, they will be an important input into...Read More

ZEN Graphene Solutions (TSXV: ZEN) reported this week that it is collaborating with Constance Lake First Nation to incorporate traditional knowledge into the environmental baseline studies for its Albany graphite project near Thunder Bay, Ontario.In a press release, ZEN said that the studies are already underway and, together with social baseline assessments, they will be an important input into...Read More

Delrey Metals (CSE: DLRY) announced that it has mobilized a team of exploration geologists and samplers to its wholly-owned Star, Porcher and Blackie properties located near Prince Rupert, British Columbia.In a press release, Delrey said the crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by the recently completed high-resolution geophysical surv...Read More

Delrey Metals (CSE: DLRY) announced that it has mobilized a team of exploration geologists and samplers to its wholly-owned Star, Porcher and Blackie properties located near Prince Rupert, British Columbia.In a press release, Delrey said the crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by the recently completed high-resolution geophysical surv...Read More

Australian exploration and development Aurelia Metals (ASX:AMI) said on Friday it has begun discussions with miner and commodities trader Glencore (LON: GLEN), which it hoped would lead to the acquisition of the Swiss company's CSA copper mine."The company's high-level assessment is that CSA mine could potentially be a strategic fit for the company, consistent with our general view that further c...Read More

Australian exploration and development Aurelia Metals (ASX:AMI) said on Friday it has begun discussions with miner and commodities trader Glencore (LON: GLEN), which it hoped would lead to the acquisition of the Swiss company's CSA copper mine."The company's high-level assessment is that CSA mine could potentially be a strategic fit for the company, consistent with our general view that further c...Read More

Australian exploration and development Aurelia Metals (ASX:AMI) said on Friday it has begun discussions with miner and commodities trader Glencore (LON: GLEN), which it hoped would lead to the acquisition of the Swiss company's CSA copper mine."The company's high-level assessment is that CSA mine could potentially be a strategic fit for the company, consistent with our general view that further c...Read More

Tavi Costa, global macro analyst at Crescat Capital, makes his Real Vision debut in style - with a bullish trade idea on precious metals. He highlights why it's finally time for gold to start outperforming, confirms his thesis by examining a variety of macro indicators, and discusses how to play the current setup, in this interview with Jake Merl. Filmed on April 24, 2019.Read full newsRead More