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

When I last wrote about Munich RE, I made the decision to trim and rotate what had become a superb profit in terms of returns into other investments. Read more here.Read full newsRead More

Due to decades of globalisation and rising wealth inequality, we may be entering a regime of higher inflation and inflation volatility, resulting in a very different investing environment.Read full newsRead More

Enfusion has strong growth and resilience, yet its valuation remains significantly discounted. Find out why ENFN stock is a Buy.Read full newsRead More

Investing in dividend-paying stocks has proved to be a helpful strategy, outperforming global markets over the long term.Read full newsRead More

Yields on 10-year Treasuries are now below 3.3 percent, and the entire yield curve remains below the upper boundary of the Fed funds target rate.Read full newsRead More

Insiders have sold over $40 million in shares of Apple since 3/22/2023. Apple is lagging in the AI race compared to Google and Microsoft. Read more on AAPL here.Read full newsRead More

The Russell 2000 Index carries five times the negative earnings exposure as its large cap counterpart, along with higher relative debt burdens.Read full newsRead More

Stock futures rose and yields crept higher following a better-than-forecast March jobs report. Read why upside could be ahead in the commodities space, including the GSG commodities ETF.Read full newsRead More

Over the 47-year period since 1975, value stocks with high ROE ratios outperformed the value universe of stocks for the one-year period after the curve first inverts by an average of 4.8%.Read full newsRead More

A number too hot will stoke inflation concerns. A number too cold will stoke recession concerns. Read why March jobs number is just right for a soft landing.Read full newsRead More

AFYA has been outperforming the sector median in most metrics, and should continue to do so over the next couple of years at least. See why AFYA stock is a buy.Read full newsRead More

Global Ship Lease is a buy based on its attractive well-covered dividend yield, lower leverage, and its better-than-average earnings prospects. Read more about GSL here.Read full newsRead More

Markets climbed in Q1 despite the unexpected banking crisis, with S&P 500 gaining 7.5% with dividends. However, markets are yet to appreciate downside risks as macro conditions deteriorate.Read full newsRead More

Airbnb (ABNB) got hammered into the close yesterday, as The Bear Cave issued a short report. See why we move to the sidelines after our Sell rating in February.Read full newsRead More

Too much growth is priced into today's valuation, and Chipotle trades at very rich multiples compared to its peers. Find out why CMG stock is a Sell.Read full newsRead More

The Duckhorn Portfolio reported Q2 2023 financial results on March 8, 2023. Click here to read why I'm on a Hold for NAPA stock in the near term.Read full newsRead More

Union Pacific is down more than 22% from its all-time high. Click here to read why investors should consider UNP stock for long-term stable dividend growth.Read full newsRead More

Applied Digital Corporation (NASDAQ:NASDAQ:APLD) Q3 2023 Earnings Conference Call April 6, 2023 9:00 AM ETCompany ParticipantsAlex Kovtun - IR, Gateway Group, Inc.Wes Cummins - Chief...Read full newsRead More

abrdn Physical Silver Shares ETF has hit highs due to what appear to be very short-lived factors. See why this could pose a significant risk to SIVR ETF investors.Read full newsRead More

For Q1 2023, the Palm Valley Capital Fund increased 3.01%. Click here to read the full fund letter.Read full newsRead More