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
Eastern promise for PolarXSPONSOREDpolarxAltech ticks boxes on path to production SPONSOREDaltech chemicalsCompany management believes that by proceeding with early works and financing activities in parallel, it can seek board approval to commence Rosemont construction by the end of 2019.Read More
The Fed was already a shadowy cabal that acted on behalf of banking interests. But now it's becoming something worse - a shadowy cabal that acts on behalf of political interests.That is, the Federal Reserve, which is supposed to be independent, is being infiltrated and manipulated by politicians.Namely, President Donald Trump.Now before I go any further, let me give you a trigger warning...What I'...Read More
Silver Spruce Resources (TSXV:SSE) (Frankfort: S6Q1) is pleased to announce that its exploration team has identified additional areas for further field investigation as potential drill targets for its upcoming program at the Pino de Plata project in western Chihuahua State, Mexico.Read full newsRead More
CPM Group has released its 2019 Gold Yearbook, stating that the metal still has some tough days ahead before finding a true rebound.Read full newsRead More
Wednesday's trading session was slightly bearish, as stocks retraced some of their Tuesday's advance. The S&P 500 index was the highest since the early October a week ago. But then the market sold off. So was that sell-off a medium-term downward reversal or still just a correction?The U.S. stock market indexes lost 0.1-0.6% on Wednesday, as investors continued to hesitate following last week's...Read More
Traders were hesitant to send stocks too far in either directionU.S. stocks traded on both sides of breakeven today, as traders considered economic data and headlines around U.S.-China trade relations. A downwardly revised reading on fourth-quarter GDP and a round of lackluster housing data set stocks back early on, but some positive buzz around trade talks and a huge earnings reaction from today'...Read More
The European Commission is eyeing opportunities within the EU's minerals and mining sector, and has put forward, in its Strategic Action Plan (SAP) on batteries, a comprehensive set of targeted measures to make Europe a global leader in sustainable battery production and use.The SAP focuses on including raw materials research and innovation, financing and investment, standardization, regulation, a...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana.In total the company has 19.4 million proven and probable tonnes grading 2.86 grams gold for 1.79 million oz. gold across its Wassa and Prestea gold mines.Its biggest los...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana.In total the company has 19.4 million proven and probable tonnes grading 2.86 grams gold for 1.79 million oz. gold across its Wassa and Prestea gold mines.Its biggest los...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
This analyst just cut FedEx's rating for the first time since 2017Susquehanna this morning just downgraded FedEx Corporation (NYSE:FDX) for the first time in two years. Specifically, the brokerage firm cut the shipping stock to "neutral" from "positive," and slashed its price target to $192 from $211. Analyst Bascome Majors said the company's capital expenditure is "more likely to rise before it...Read More
Meanwhile, Tricida is one of the best stocks on the Street todayThe Dow has traded on both sides of breakeven today, as investors monitor U.S.-China trade talks. Among the stocks making big moves today, dialysis services provider American Renal Associates Holdings (NYSE:ARA) and sporting goods retailerSportsman's Warehouse Holdings Inc (NASDAQ:SPWH) are lower, while biotech Tricida Inc (NASDAQ:T...Read More
Management of SIRIOS Resources Inc. (TSXV:SOI) is pleased to announce the completion of the 2019 winter diamond drilling campaign on the Cheechoo gold property.Read full newsRead More
QCOM has had a few struggles on the charts this yearQualcomm, Inc (NASADQ:QCOM) is slightly lower in afternoon trading, last seen down 0.9% at $56.41. The shares have struggled long-term, falling sharply since a September peak near $76. While they've been gaining in recent weeks, they're approaching potential resistance in the overhead 200-day moving average, and according to Schaeffer's Senior Q...Read More
Options traders have been approaching KMX and BB differentlyTomorrow Wall Street will have earnings releases from CarMax, Inc (NYSE:KMX) and BlackBerry Limited (NYSE:BB). Both reports are due out before the opening bell, and volatile moves are expected from KMX and BB shares. Let's take a look at how traders have been approaching the stocks. For KMX, its recent earnings history has been mostly upb...Read More
The equity has ended the quarter higher eight of the past 10 yearsWhile Google parent Alphabet (GOOGL) has been one of the worst stocks to own in April, historically, another FAANG stock could shine soon: Amazon.com, Inc. (NASDAQ:AMZN). According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the e-tail behemoth has ended the second quarter higher 80% of the time over the past 1...Read More
Fourth-quarter GDP was revised lowerStocks are lower at midday, as investors continue to digest gross domestic product (GDP) data that showed growth of 2.2% for the fourth quarter -- slower than initial estimates. Echoing that, mortgage rates fell at the fastest pace since June 2009 last week. In addition, traders are exercising caution amid U.S.-China trade talks, as Wall Street awaits word from...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More