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

This new book is a must-read for the business-minded.A shocking new book is making its way through the academic, financial, and economic circles in America.According to one interview, it even became the #2 book in all of China!This book has become so popular because it identifies a big change in the U.S.'sfuture... which could inevitably lead to the fall of several of the most powerful tech compa...Read More

One trader seems to have executed a short put spread todayThe shares of Expedia Group Inc (NASDAQ:EXPE) are down 1.3% to trade at $124.50 today, after United Continental (UAL) announced it will pull its fares from the site later this year. Expedia and United have been battling in the courtroom, with a federal judge earlier this month rejecting the former's request for an injunction that would hav...Read More

BofA-Merrill Lynch just initiated coverage with an "underperform" ratingWhile several pot stocks have gotten a serious boost on BofA-Merrill Lynch's latest note, sector peer Cronos Group Inc (NASDAQ:CRON) has not fared so well. The analyst just initiated coverage with an "underperform" rating and a $13 price target -- a 17.7% discount to yesterday's close. The broker said it was uncomfortable with...Read More

Put volume has already hit an annual high on the healthcare ETFIt's been a brutal week for healthcare stocks, as traders head to the sidelines on concerns about potential policy changes out of Washington, D.C., including a "Medicare for All" bill from Sen. Bernie Sanders of Vermont. The sector-wide sell-off is nowhere more evident than in theHealth Care Select Sector SPDR ETF (XLV), which is on pa...Read More

The price of copper jumped on Wednesday after upbeat industrial activity data from China, consumer of half the world's industrial metals, provided evidence that Beijing's stimulus program is finally filtering through to the real economy.Copper for delivery in May added more than 2% to touch a high of $2.9955 per pound ($6,604 per tonne) on the Comex market in New York. It's the highest level since...Read More

The price of copper jumped on Wednesday after upbeat industrial activity data from China, consumer of half the world's industrial metals, provided evidence that Beijing's stimulus program is finally filtering through to the real economy.Copper for delivery in May added more than 2% to touch a high of $2.9955 per pound ($6,604 per tonne) on the Comex market in New York. It's the highest level since...Read More

Sherritt International Corp will not be materially impacted by the Trump administration's decision to allow lawsuits in U.S. courts against foreign firms in Cuba, the Canadian mining firm said on Wednesday.The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro's revolution s...Read More

The two names are flashing reliably bullish signalsThe U.S. stock market has put in a strong performance this month, with the S&P 500 Index (SPX) pacing toward a 2.3% April gain. The retail sector, in particular, has been a pocket of strength, as evidenced by a 1.2% month-to-date advance for the SPDR S&P Retail ETF (XRT). And if history is any indicator, retail stocks Gap Inc (NYSE:GPS) and Boot B...Read More

Confusion over who's in charge in Venezuela may keep Crystallex International Inc. from collecting a $1.2 billion arbitration award.Crystallex, a bankrupt gold producer, is trying to seize shares of the U.S. unit of Venezuela's state-owned energy company that controls Citgo Holding Inc. An appellate judge in Philadelphia indicated at a hearing Monday that the matter may get sent back to a lower co...Read More

Confusion over who's in charge in Venezuela may keep Crystallex International Inc. from collecting a $1.2 billion arbitration award.Crystallex, a bankrupt gold producer, is trying to seize shares of the U.S. unit of Venezuela's state-owned energy company that controls Citgo Holding Inc. An appellate judge in Philadelphia indicated at a hearing Monday that the matter may get sent back to a lower co...Read More

Analysts have issued a flurry of price-target hikes and upgrades todayNo stock has been as hot as Qualcomm, Inc. (NASDAQ:QCOM) these last two days, after the chipmaker settled its patent dispute with Apple (AAPL). As part of the settlement, Qualcomm signed a new six-year patent license deal with the iPhone maker, which would add over $25 billion in market cap. However, amidst this surge up the c...Read More

The Nasdaq is clinging to a modest gainThe Dow Jones Industrial Average (DJI) has erased this morning's gains, due to disappointing earnings from blue chip IBM (IBM). The healthcare sector also continues to struggle, with UnitedHealth Group (UNH) lower again on concerns about potential policy changes out of Washington, D.C. Meanwhile, the S&P 500 Index (SPX) is lower with the Dow, though the Nas...Read More

Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More

Shares of Millennial Lithium Corp (TSX.V:ML) traded up 12.4% at the open on Wednesday to an intraday high of C$1.92, lifting the Vancouver-based company's market capitalization to over C$150 million. Over 120,000 shares were traded by early afternoon, almost three times the average session volume.Earlier, the company released an updated resource estimate for its Pastos Grandes lithium project in S...Read More

Shares of Millennial Lithium Corp (TSX.V:ML) traded up 12.4% at the open on Wednesday to an intraday high of C$1.92, lifting the Vancouver-based company's market capitalization to over C$150 million. Over 120,000 shares were traded by early afternoon, almost three times the average session volume.Earlier, the company released an updated resource estimate for its Pastos Grandes lithium project in S...Read More

The joint venture - Copper Fox 25% and Teck Resources 75% owned - continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer of copper, gold and molybdenum.An in-depth conceptual study has begun to follow up on last year's sizing and infrastructure alternatives. The project is also being de-risked...Read More

The joint venture - Copper Fox 25% and Teck Resources 75% owned - continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer of copper, gold and molybdenum.An in-depth conceptual study has begun to follow up on last year's sizing and infrastructure alternatives. The project is also being de-risked...Read More

The joint venture - Copper Fox 25% and Teck Resources 75% owned - continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer of copper, gold and molybdenum.An in-depth conceptual study has begun to follow up on last year's sizing and infrastructure alternatives. The project is also being de-risked...Read More

The burger stock is still up 27% year-to-dateBurger giant Shake Shack Inc (NYSE:SHAK) is down 3% at $57.69, after Longbow Research downgraded the stock to "neutral" from "buy," saying the equity's gains since November are "modest" relative to the company's fourth-quarter same-store sales beat. This is offsetting a price-target hike to $60 from $54 at Wedbush, though the new target is in line with...Read More

Macquarie cut its rating on the chip stock, citing risk from the Apple-Qualcomm settlementMacquarie downgraded Skyworks Solutions Inc (NASDAQ:SWKS) to "neutral" from "outperform," but maintained its $90 price target -- a discount to last night's close at $93.56. The brokerage firm said Apple's (AAPL) recent settlement with Qualcomm (QCOM) could create pressure for SWKS, and may limit the Massachus...Read More