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
Boeing will report earnings before the open on WednesdayBlue chip Boeing Co (NYSE:BA) just can't stay out of the news, this time in hot water after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. What's more, the Dow nameis also set to release its quarterly report before the open Wednesday, April 24. Ahead of the event, BA call...Read More
HOG options are pricing in a bigger-than-usual reactionMotorcycle manufacturer Harley-Davidson Inc (NYSE:HOG) will report earnings before the open tomorrow, April 23. Ahead of the event, HOG shares just flashed a historically bearish signal on the charts, and it looks like options traders today are rolling the dice on a negative earnings reaction.HOG stock has moved more than 18% higher in the pas...Read More
Spotify is another stock lower on bearish analyst attentionDillard's, Inc. (NYSE:DDS) is trading down 9.2% today at $67.10, following a downgrade to "underperform" from "neutral" at Wedbush, which kept its $65 price target. Wedbush analyst Jen Redding noted concern over Dillard's quarterly performance being be weighed down by an increase in promotional activity, and said that the stock is trading...Read More
Both social media stocks tend to make big post-earnings movesFirst-quarter earnings season is heating up. Among some of the high-profile names set to report this week are Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP), with results from each due tomorrow, April 23. Both social media stocks have a history of making outsized moves after earnings, and a positive reaction for outperforming TWTR and...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
Keith Barron, who owns 53% of the outstanding common shares of Aurania Resources (TSXV: ARU), has agreed to loan the company up to C$3 million to support exploration at its 100%-owned Los Cities gold project in Ecuador. The chairman and CEO also participated in the company's rights offering in March that raised C$5.25 million. Barron acquired 1.48 million of the 1.95 million shares issued at C$2.7...Read More
2 brokerage firms expect DTIL shares to doubleAlthough healthcare stocks just wrapped up a brutal week amid concerns about potential policy shifts in Washington, D.C., analysts are waxing optimistic on a pair of biotech stocks today. More specifically, analysts expect Wall Street freshman Precision BioSciences Inc (NASDAQ:DTIL) to double on the charts, and they have high hopes for Neurocrine Biosc...Read More
KO's 120-day trendline is emerging as resistanceThe Coca-Cola Co (NYSE:KO) is scheduled to report first-quarter earnings before the market opens tomorrow, April 23. The security has been stuck beneath several layers of resistance since its mid-February post-earnings bear gap, including the $47.50 region -- near its year-to-date breakeven mark at $47.35 -- and its 120-day moving average, a former f...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company's market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold property, highlighted by 28.72 metres of 2.97 g/t gold and 13.68 g/t silver...Read More
Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company's market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold property, highlighted by 28.72 metres of 2.97 g/t gold and 13.68 g/t silver...Read More
Shares of Westhaven Ventures Inc. (TSX-V: WHN) took a hit on Monday morning, down over 12% at market open and at one point traded at a six-month low of C$0.60. The company's market capitalization sits at just over C$57 million. Earlier, the company had released results from its ongoing drill campaign at the Shovelnose gold property, highlighted by 28.72 metres of 2.97 g/t gold and 13.68 g/t silver...Read More
Oil prices are heading for their highest close since late OctoberThe Dow Jones Industrial Average (DJI) is lower today, but has pared sharper losses from this morning. Boeing(BA) was charged with most of the early morning damage, after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. Elsewhere, oil prices -- and Dow stocks Exxon...Read More
Lam Research reports earnings this weekLam Research Corporation (NASDAQ:LRCX) is trading 0.7% higher at $196.10, after brokerage firm B. Riley upgraded its stance to "buy" from "neutral," while lifting its price target to $235 from $170. The analyst note said an in-line quarter can be expected when the semiconductor equipment and services producer reports earnings after the close this Wednesday, A...Read More
Rising oil prices are also likely boosting HALOil service stock Halliburton Company (NYSE:HAL) is up 1.9% at $31.73 this morning, moving higher on the back of a first-quarter earnings beat. CEO Jeff Miller also opined that "the worst in the pricing deterioration is now behind us." In addition, HAL stock is likely getting a tailwind from rising crude oil prices.On the charts, HAL has struggled to b...Read More
The shares have pulled back sharply from their mid-April record highThe shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) are down 6.6% to trade at $493.04, after the da Vinci Surgical System maker reported first-quarter adjusted profit of $2.61 per share, which was below the consensus estimate of $2.70 per share. And while the company's quarterly revenue of $974 million came in above expectations,...Read More
The retail stock has had a volatile yearThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 0.6% to trade at $17.31 this morning, after the company announced co-founders Warren Eisenberg and Leonard Feinstein will retire from the board, while five new independent directors to its C-suite. A business transformation and strategy review committee will be formed too, after receiving pressu...Read More
China's green light to build more coal-fired power plants probably won't usher in a flurry of new construction as most policies and investments in the top energy user will tilt toward renewable sources.More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of the nation's largest power companies are under a st...Read More