News and Reports

Metals & Mining 2025 / 2026 Year Ahead

January 07, 2026

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

Year Ahead 2025

January 06, 2025

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

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

U.K. ETF Sees Unusual Options Volume After Brexit Extension

April 11, 2019 / www.schaeffersresearch.com

Britain now has until Oct. 31 to divorce the EUThe European Union (EU) today granted Britain another extension to the Brexit deadline, pushing itfrom this Friday, April 12, to Oct. 31. Should Prime Minister Theresa May win lawmakers' approval for her Brexit plan before then, the U.K. can divorce the EU sooner, per a clause in the agreement.Against this backdrop, the iShares MSCI United Kingdom ETF...Read More

Call Options Hot as WW Stock Falls Even Further

April 11, 2019 / www.schaeffersresearch.com

The shares hit a two-year low earlierThe shares of WW International, Inc. (NASDAQ:WTW), formerly known as Weight Watchers, are taking a beating -- down 12.5% at $17.97, fresh off a two-year low of $17.55 -- following some bearish brokerage attention. Options traders don't seem to mind, with volume running hot today, and notable bullish activity detected.Taking a closer look at that analyst note, J...Read More

Dow Inches Higher with JPMorgan

April 11, 2019 / www.schaeffersresearch.com

JPM shares are higher ahead of earnings tomorrowThe Dow Jones Industrial Average (DJI) is cautiously higher, up nearly 30 points at midday. The index is getting a boost from bank stock JPMorgan Chase (JPM) ahead of tomorrow's earnings release, and Boeing (BA) is on pace to snap a four-day losing streak. However, UnitedHealth (UNH) is keeping the Dow's gains in check, with the shares lower on nega...Read More

Square Stock Poised for Another Surge

April 11, 2019 / www.schaeffersresearch.com

Square options are attractively priced at the moment, tooSquare Inc (NYSE:SQ) is up 1% today, trading at $75.64. The payments stock has been quiet on the charts lately, shedding 1.5% in the last 30 days. However, amidst this mini pullback, a buying opportunity has emerged, if history is any guide. Despite boasting a 34% lead in 2019, for the last month Square stock has traded in a tight range bet...Read More

RT @NorthmanTrader: Combustion: The blow-off scenario that should scare bulls and bears alike

April 11, 2019 / northmantrader.com

This is all going to end badly, even some ardent bulls will freely admit this, the question is the how, when and the where. Frankly it's a tragedy that's unfolding and discerning eyes c...Read full newsRead More

#Germany's "Circle Of Five" Roiled In New Scandal | Zero Hedge

April 11, 2019 / www.zerohedge.com

The EC said the collusion occurred between 2006 to 2014 and took place during technical meetings held by the "circle of fiveRead full newsRead More

UnitedHealth Hit With Pre-Earnings Price-Target Cut

April 11, 2019 / www.schaeffersresearch.com

UNH has had a choppy year on the chartsDow stock UnitedHealth Group Inc (NYSE:UNH) is trading down 0.8% at $244.11, following a price-target cut to $292 from $310 at BMO. This new price target is still a nearly 19% premium to last night's close, and echoes a generally bullish bias among the brokerage bunch. Specifically, 16 of the 17 covering firms sport "buy" or better ratings, while UNH's averag...Read More

Aurubis copper business hit by US-China trade war and Brexit

April 11, 2019 / www.mining.com

The chief executive of Germany's Aurubis AG said uncertainty caused by the U.S-China trade war and Brexit had hit its copper products business but that long-term demand would be rescued by higher use in electric vehicles.The Hamburg-based company produces flat rolled products, cables and foils used in the automotive industry."People are hesitating in making purchases and are lowering their invento...Read More

Wall Street Analysts Change Views on 2 Outperformers

April 11, 2019 / www.schaeffersresearch.com

There's already heavy options trading on Waste ManagementBeverage expert Keurig Dr Pepper (NYSE:KDP) and trash giant Waste Management, Inc. (NYSE:WM) have both been strong performers on the charts, but today analysts have weighed in bearishly on the stocks. Below is a brief look at the shares of KDP and WM. Morgan Stanley downgraded its rating on Keurig Dr Pepper to "underweight" from "equal-weigh...Read More

Blue-Chip Earnings Highlight Holiday-Shortened Week

April 11, 2019 / www.schaeffersresearch.com

Pinterest's trading debut could also make noiseEarnings season heats up next week with a slew of Dow names on the docket. American Express (AXP), Goldman Sachs (GS), IBM (IBM), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are among the blue chips set to report. Also ready to report will be streaming name Netflix (NFLX) and Coke rival PepsiCo (PEP). Housing starts, retail sales, and a handful o...Read More

Coal's collapse crowns winners and losers from China to the US

April 11, 2019 / www.mining.com

It's been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.A double whammy of Chinese import curbs and collapsing gas prices in Europe have whacked Australian thermal coal, at a time when demand weakens after the winter heating season and Asian buyers typically shut power plants for maintenance.While the International Monetary Fund this week...Read More

Bed Bath & Beyond Holds Above Key Support During Sell-Off

April 11, 2019 / www.schaeffersresearch.com

BBBY shares are slumping after the retailer reported earningsThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are slumping this morning, after the home furnishings retailer reported a wider-than-anticipated 1.4% drop in same-store sales for the fiscal fourth quarter. BBBY also said current-quarter per-share profit will arrive between 7 cents and 12 cents, well below the consensus 29 cents per sh...Read More

Mountain Province stock takes off on 74% diamond resource increase

April 11, 2019 / www.mining.com

Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.The updated inferred mineral resource at Faraday 2...Read More

Mountain Province stock takes off on 74% diamond resource increase

April 11, 2019 / www.mining.com

Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.The updated inferred mineral resource at Faraday 2...Read More

Apogee Blames Weather for Earnings Miss

April 11, 2019 / www.schaeffersresearch.com

APOG stock is on the short-sale restricted list todayShares of glass maker Apogee Enterprises Inc (NASDAQ:APOG) are struggling on the charts, after the company reported fourth-quarter earnings and revenue that fell below analysts' expectations. The company said harsh winter weather disrupting some manufacturing locations was a factor in slowing business, and Apogee issued full-year earnings below...Read More

Tianqi agrees truce in battle over Chilean lithium miner SQM

April 11, 2019 / www.mining.com

Santiago - China's Tianqi Lithium Corp has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world's second-biggest producer of lithium.Tianqi's $4.1 billion purchase of a 23.77% stake in SQM, which mines lithium used in electric vehicle batteries, went through in December, but the Chinese firm has faced...Read More

Fresnillo Q1 production slumps, sticks to FY targets

April 11, 2019 / www.mining.com

Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More

Fresnillo Q1 production slumps, sticks to FY targets

April 11, 2019 / www.mining.com

Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off.Silver output slipped 14.8 percent to 13.1 million ounces in the three months ended March 31, mainly due to lower grades of ore and lower ore throughput, Fresnillo said....Read More

Pharma Stock Gaps Higher After NASH Drug Results

April 11, 2019 / www.schaeffersresearch.com

The drug stock is ripe for a short squeeze, tooThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 7.5% to trade at $10.89 this morning after the pharma company's non-alcoholic fatty liver disease (NASH) drug met the main goals for its mid-stage study. On the charts, the stock has been churning below the $9.50 level for most of 2019. The shares gapped higher in late March after an ambitio...Read More

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