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

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

Investors have rediscovered their risk appetite as bond yields stabilizeStocks are comfortably higher in afternoon trading, as bond yields continue to stabilize, and optimism grows surrounding the upcoming U.S.-China trade talks set for Thursday in Beijing. What's more, a big jump from the tech sector has the Nasdaq Composite (IXIC) pushing 0.8% higher, while theDow Jones Industrial Average (DJ...Read More

BBBY shorts may be using calls to guard against any more upside riskThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are soaring today, after the Wall Street Journal said three activist investors -- Legion Partners Asset Management, Macellum Advisors, and Ancora Advisors -- are preparing to launch a proxy fight against the retailer's board of directors. The investor group, which collectively own...Read More

The stock has regained its footing on the charts after last December's bear gapAfter a tumultuous ending to 2018, blue chip Johnson & Johnson (NYSE:JNJ) appears to be on solid technical footing once again. The shares are currently trading just above the 40- and 160-day moving averages, along with a 61.8% Fibonacci retracement of their huge December bear gap. On top of this rosy technical picture,...Read More

When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More

When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More

When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More

When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More

NVDA has gained 45% since its late-December bottomNvidia Corporation (NASDAQ:NVDA) stock is up 4% to trade at $180.79, afterPiper Jaffray initiated coverage on the chipmaker withan "overweight" rating and $200 price target. The analyst in coverage sees Nvidia trading at an attractive level thanks to its market positioning with data centers and automotives, as well as the recent Mellanox acquisiti...Read More

SNC-Lavalin Group Inc. is blasting Codelco's decision to pull the plug on a $260 million contract that was at the root of two recent profit warnings.The embattled Canadian construction giant confirmed late Monday night that it had received official notice of the termination, saying it was "appalled and surprised" by the Chilean state-owned miner's decision."We believe that this termination is unwa...Read More

SNC-Lavalin Group Inc. is blasting Codelco's decision to pull the plug on a $260 million contract that was at the root of two recent profit warnings.The embattled Canadian construction giant confirmed late Monday night that it had received official notice of the termination, saying it was "appalled and surprised" by the Chilean state-owned miner's decision."We believe that this termination is unwa...Read More

Cronos reported its fourth-quarter results this morningThe shares of Cronos Group Inc (NASDAQ:CRON) are 1.7% lower at $20.18 this morning, after the cannabis concern posted a wider-than-expected fourth-quarter loss. Revenue also missed the consensus forecast, even as it soared 248% year-over-year. CRON stock hit an all-time-high of $25.10 in early February, and came back within striking distance...Read More

Short sellers are temporarily blocked from one of their recent favorite targetsShares of Conn's Inc (NASDAQ:CONN) have reversed their premarket gains, last seen down 6.3% at $22.36, after the company reported a fourth-quarter earnings beat, but fell short of revenue expectations as same-store sales declined 1.4% for the period. Today's post-earnings plunge has CONN stock retreating from a test of...Read More

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More

EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More

EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More

Investors are keen for updates to U.S.-China trade talksDow Jones Industrial Average (DJI) futures are trading above fair value today, following Monday's hard-fought win for the blue-chip barometer. A double-dose of news has investors optimistic today. First, the yield on the 10-year Treasury note has stabilized near 2.4%, after the yield curve inversion last week incited panic selling. Second,hi...Read More

The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More

The Nasdaq-100 Index just bumped into an under-the-radar round numberRegular followers of our technical analysis are well aware that we tend to favor "under the radar" indicators -- say, the 320-day moving average over the 200-day, or the Relative Momentum Index (RMI) over the Relative Strength Index (RSI). By incorporating these less-popular metrics into our chart studies alongside the "usual sus...Read More