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

Craig-Hallum believes the Apple troubles could persist for CirrusFabless semiconductor concern Cirrus Logic, Inc. (NASDAQ:CRUS) is trading sharply lower today, after Craig-Hallum said the company's adaptive noise cancellation (ANC) is not in the new Apple AirPods 2, according to iFixit teardown. What's more, the brokerage firm suggested more Apple-related headwinds could be in store, since its cha...Read More

Speculators are gambling on more short-term upsideCasino stocks are mostly higher today, thanks to the latest data out of gambling enclave Macau. Specifically, while Macau revenue fell 0.4% year-over-year in March, it was the biggest month of 2019 and was in line with expectations. In addition, optimism about U.S.-China trade relations is also likely boosting stocks with exposure to both countries...Read More

The stock has been among the best to own in Q2, historicallyThe shares of video game maker Electronic Arts Inc. (NASDAQ:EA) ended the first quarter with a gain of nearly 29% -- their best quarter since the end of 2014. What's more, EA stock could extend its 2019 rally over the next few months, if recent history is any indicator.Specifically, the maker of the "Apex Legends" and "Battlefield V" game...Read More

GameStop stock has struggled to break above key levels of resistanceInvestors are gearing up for a quarterly report out of GameStop Corp. (NYSE:GME), set for after the market closes tomorrow, April 2. Below we will take a look at how the video game retailer has fared on the charts, and dive into what the options market is pricing in for the stock's post-earnings move.GameStop stock is down 0.6% a...Read More

Traders are cheering strong data from the U.S. and ChinaThe Dow Jones Industrial Average (DJI) is up more than 250 points at midday, on lingering optimism over this morning's encouraging Chinese manufacturing data. Echoing that, U.S. manufacturing activity rebounded in March, per the latest data from the Institute for Supply Management (ISM), while February construction spending increased. As suc...Read More

MSFT options are attractively priced at the momentMicrosoft Corporation (NASDAQ:MSFT) is less than two weeks removed from its March 21 record high of $120.82. Amid MSFT's climb up the charts, call options have been flying off the shelves lately. In fact, the equity showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest total options volume...Read More

The shares surged more than 80% in the first quarterMaryland-based orphan disease specialist Cerecor Inc (NASDAQ:CERC) has flown under the radar of analysts. At last Friday's close, just one analyst covered the biopharmaceutical stock, maintaining a "strong buy" rating and $9 price target. Earlier today, though, H.C. Wainwright initiated coverage on CERC stock with a "buy" rating, and $11 price ta...Read More

Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More

The equity is on pace to conquer its 320-day moving average todayBerenberg this morning called out United Parcel Service, Inc. (NYSE:UPS) for having a strong global presence, and said it's "increasingly confident that it will deliver margin improvement in both its international business and U.S. this year." As such, the brokerage firm handed UPS an upgrade to "buy" from "hold," and tacked on $5 t...Read More

Credit Suisse analysts predict that the U.S. parcels market could double in 5 yearsAt least two brokerage firms discussed Amazon.com, Inc. (NASDAQ:AMZN) in notes this morning. Credit Suisse mentioned the FAANG stock in its write-up on FedEx (FDX), saying the latter can increase profits and market share as it competes with Amazon in delivery. At the same time, the analysts also predicted that the U...Read More

China's Ganfeng Lithium Co said on Monday it would spend $160 million to boost its ownership stake in an Argentina lithium project with Lithium Americas Corp, part of a plan to solidify its access to the white metal used to make electric vehicle batteries. The deal, which must still be approved by shareholders, will see Ganfeng boost its ownership in a joint venture that controls the Argentina pro...Read More

The majority of covering analysts call CVX stock a "buy"The shares of Chevron Corporation (NYSE:CVX) are trading up 1.3% at $124.83, after Morgan Stanley initiated coverage on the oil major with an "overweight" rating and a $146 price target -- an 18.5% premium to last Friday's close. The brokerage firm called CVX low risk, and waxed optimistic on the company's free cash flow and dividend coverage...Read More

MNKD received a $12.5 million milestone payment from United TherapeuticsBiopharmaceutical concern MannKind Corporation (NASDAQ:MNKD) is volatile today, after the company received a $12.5 million milestone payment from United Therapeutics (UTHR). The payment is part of a collaboration agreement -- worth up to $37.5 million in milestone payments for MNKD -- to develop and commercialize MNKD's hypert...Read More

Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky.The outlook for demand is running into troubling signs in the U.S. and China, the two biggest consumers. In early March, China cut its goal for economic expansion, while a report last week showed U.S. growth cooled more than forecast.In th...Read More

Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky.The outlook for demand is running into troubling signs in the U.S. and China, the two biggest consumers. In early March, China cut its goal for economic expansion, while a report last week showed U.S. growth cooled more than forecast.In th...Read More

ATVI has struggled to break out, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 0.9% to trade at $46.44 this morning, after Wedbush added the video game maker to its "Best Ideas" list. In the note, the brokerage firm believes ATVI could see "significant outperformance" in 2019 and that strength continuing into 2020, when the company could realistically post earnings per share o...Read More

The previous chief executive of crop merchant Louis Dreyfus Company (LDC) was ousted after trying to start talks with Glencore Agriculture and other rivals, the Financial Times reported on Monday.LDC, one of the world's largest agricultural commodity traders, announced last September the surprise departure of Gonzalo Ramirez Martiarena, along with that of its finance chief, the latest in a series...Read More

February retail sales data fell short of expectationsDow Jones Industrial Average (DJI) futures are signaling a positive start to a historically strong month, with the blue-chip index set to build on its first-quarter momentum. Encouraging factory data out of China is whetting investors' risk appetite today, with bulls shrugging off an unexpected drop in February retail sales data. Futures on the...Read More

Traders should watch the VIX 18 level as a warning sign that the massive short futures trade is set to unwindThe first quarter of 2019 is in the books. The S&P 500 Index (SPX - 2,834.40) logged an impressive 13% advance, following a lousy fourth quarter that saw the index lose 14%. In case you missed Schaeffer's Senior Quantitative Analyst Rocky White's Indicator of the Week commentary last Wednes...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More