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
American Lithium (TSXV: LI) has confirmed lithium mineralization at its TLC claystone project near Tonopah, Nevada, with the latest results from its ongoing 18-hole, 1,600 metre drill program.The company cut 1,084 parts per million (ppm) lithium over 36.4 metres from 27 metres downhole, 994 ppm lithium over 42.7 metres from 41 metres downhole and 934 ppm lithium over 44 metres from 24 metres downh...Read More
Almost 60 percent of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.Exempting battery engines from taxes imposed on diesel and petrol cars has upended Norway's auto market, elevating brands like Tesla and Nissan, with its Leaf model, while hurting sales of...Read More
Cross-border concerns about mineral exploration and logging in British Columbia, Canada's Skagit River watershed may put a long-simmering campaign to close a hole in the middle of two provincial parks back on the front burner.Imperial Metals (TSX:III) has applied to the provincial government for an exploration permit that, if granted, could see the company building an access road and drilling test...Read More
Cross-border concerns about mineral exploration and logging in British Columbia, Canada's Skagit River watershed may put a long-simmering campaign to close a hole in the middle of two provincial parks back on the front burner.Imperial Metals (TSX:III) has applied to the provincial government for an exploration permit that, if granted, could see the company building an access road and drilling test...Read More
Northisle Copper and Gold Inc. (TSXV:NCX) ("Northisle" or the "Company") is pleased to announce the launch of its second exploration campaign at its Pemberton Hills Property, located in British Columbia, subject to a farm-out agreement with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport").Read full newsRead More
BTU Metals Corp. (TSXV:BTU) announces it has commissioned Zen Geomap Inc to conduct a low-altitude, high resolution drone magnetic survey of its Dixie Halo properties contiguous to Great Bear Resources in Red Lake, Ontario.Read full newsRead More
Tesla stock is trading near a key long-term trendlineTesla Inc (NASDAQ:TSLA) is enjoying solid gains today, up 2.8% to trade at $293.94. CEO Elon Musk, fresh off the April 1 release of his rap song about slain gorilla Harambe, will have his court date tomorrow, April 4, with the Securities and Exchanges Commission (SEC). Musk faces contempt of court charges on allegations he violated an agreement...Read More
Traders are eyeing weak private payrolls and U.S. services sector dataThe Dow Jones Industrial Average (DJI) has paredits earlier gains, as traders turn their attention to a weakening U.S. services sector, which saw growth slow last month to a pace not seen since August 2017. In addition, Wall Street continues to weigh worse-than-expected private payrolls data, which precedes Friday's highly anti...Read More
Long puts may be an attractive way to trade TTWO, tooTake-Two Interactive Software, Inc. (NASDAQ:TTWO) stock rallied hard in March, closing out the month with an 8.2% gain, thanks in part to some Sony (SNE) buyout buzz. However, the video game stock is now trading near a trendline that's had bearish implications in the past, suggesting it could be time to take profits on TTWO.Diving deeper, the eq...Read More
Investors are yanking money out of gold exchange-traded funds as hints of improving global growth and surging stocks lure them into riskier assets.The largest fund in the space, the $32 billion SPDR Gold Shares fund, or GLD, lost more than $671 million of assets this week. And around $153 million was pulled out of the $10 billion VanEck Vectors Gold Miners ETF, ticker GDX, over the last five tradi...Read More
The simplicities of the postwar order have just begun to pass into history...Read full newsRead More
Watch out massively overpaid basketball players: you may be next to get swept away by the great robot revolution.Read full newsRead More
ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More
The metals company just raised its first-quarter sales forecast to $100 million The shares of DMC Global Inc (NASDAQ:BOOM) are flying today after the metals expert lifted its first-quarter sales forecast to roughly $100 million. The company cited its rapidly growing oilfield products arm, DynaEnergetics, and strong sales from its explosive welding business, NobelClad. As a result, BOOM stock is up...Read More
Upbeat headlines around global trade talks could also be helping semiconductor stocksOne of the biggest analyst notes this morning came out of Nomura Instinet, which initiated coverage on semiconductor stocks Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices (NASDSAQ:AMD) with "buy" recommendations. The brokerage firm says cyclical concerns could put pressure on chipmakers in the near ter...Read More
However, URBN is crossing paths with a historically bearish trendlineClothing giant Urban Outfitters, Inc. (NASDAQ:URBN) is moving higher this morning, after scoring an impressive bull note out of D.A. Davidson. Specifically, the firm upgraded its position to "buy" from "neutral," and tacked on $6 to its $30 price target. The brokerage firm cited strengthening fundamentals, expansion opportunitie...Read More
The videogame retailer's revenue and current-quarter forecast disapointedIt's another volatile earnings reaction for GameStop Corp. (NYSE:GME), with the shares down 7.8% at $9.31. The stock is reacting to the video game retailer's fourth-quarter revenue miss, while the company also warned of a current-quarter loss on weakening sales and said it would not provide a full-year forecast. This is offse...Read More
A short squeeze could help IQ extend its gainsShares of iQIYI Inc (NASDAQ:IQ) are up 0.4% to trade at $24.50 this morning, after the Chinese video streaming service inked a deal to provide in-vehicle entertainment for Ford Motor (F) in its new Sync+ system. The feature will be rolled out in Ford and Lincoln models in China later this year.On the charts, iQiyi stock has added 70% since its Jan. 2...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More