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
Call volume is at an annual peak on both namesThe Dow is sailing toward its longest weekly win streak in 23 years on hopes of a U.S.-China trade deal. Among individual stocks making notable moves are shipping specialist Pitney Bowes Inc. (NYSE:PBI), biopharmaceutical firm Amarin Corporation (NASDAQ:AMRN), and Google parent Alphabet Inc (NASDAQ:GOOGL). Here's a quick look at what's moving the share...Read More
The index hasn't rallied this much during a nine-week surge since 1935The Dow Jones Industrial Average (DJI) is on pace for a 0.5% gain this week, which would mark its ninth straight weekly gain -- something we haven't seen since May 1995. Prior to that, you'd have to go back to 1989 for a similar rally, which was the first of its kind in more than 20 years, per data from Schaeffer's Senior Quanti...Read More
Gold futures settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal's largest one-day drop since August. Gold for April delivery on Comex GCJ9, +0.22% gained $5, or 0.4%, to end at $1,332.80 an ounce, while March silver SIH9, +0.53% picked up 11.3 cents, or 0.7%, to finish at $15.914 an ounce. Gold booked a 0.8% weekly rise, while...Read More
Gold futures settled higher Friday as the dollar weakened, with bullion booking its second straight weekly gain, a day after the metal's largest one-day drop since August. Gold for April delivery on Comex GCJ9, -0.10% gained $5, or 0.4%, to end at $1,332.80 an ounce, while March silver SIH9, -0.12% picked up 11.3 cents, or 0.7%, to finish at $15.914 an ounce. Gold booked a 0.8% weekly rise, while...Read More
The Dow is pacing for its best weekly win streak in more than 20 yearsIt was a short but bullish week for U.S. stocks, despite ugly economic data and the Fed's concerns about the economy. The Dow Jones Industrial Average (DJI) just climbed above the 26,000 level for the first time since November, and is pacing for a ninth straight weekly win -- something we haven't seen since May 1995. Likewise, t...Read More
An indigenous community in Peru has blocked Chinese miner MMG Ltd from using a road to transport copper from its massive Las Bambas mine to a port for shipment for the past 10 days, a lawyer representing the community said Friday.The community of Nueva Fuerabamba says the government illegally turned the road, which runs through its farmland, into a national highway, and wants to reach a deal with...Read More
An indigenous community in Peru has blocked Chinese miner MMG Ltd from using a road to transport copper from its massive Las Bambas mine to a port for shipment for the past 10 days, a lawyer representing the community said Friday.The community of Nueva Fuerabamba says the government illegally turned the road, which runs through its farmland, into a national highway, and wants to reach a deal with...Read More
The world's gold miners have spent years avoiding each others' gazes like nervous teenagers. Now all of a sudden they're acting like the thrill has gone.It hasn't even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was "consummated," and already Executive Chairman John Thornton appears to be checking out an old flame. Like most odd couples, they co...Read More
Shorts have been piling on ahead of earningsBurger chain Shake Shack Inc (NYSE:SHAK) is down 1.5% at $52.51 in early afternoon trading, with traders bracing for the company's impending fourth-quarter report. With earnings slated for after the market closes on Monday, Feb. 25, below we will dive into what the options market has priced in for SHAK shares' post-earnings moves.Shake Shack stock has m...Read More
The world's gold miners have spent years avoiding each others' gazes like nervous teenagers. Now all of a sudden they're acting like the thrill has gone.It hasn't even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was "consummated," and already Executive Chairman John Thornton appears to be checking out an old flame. Like most odd couples, they co...Read More
The stock is near a historically bullish trendlineEtsy Inc (NASDQ:ETSY) stock is enjoying a pop today, in anticipation for its fourth-quarter earnings release after the close next Monday, Feb. 25. The security just hit a Feb. 5 record high of $60.58 and has found an area of support at the $54 level. What's more, the stock recently flashed a bullish signal that, if history is any indicator, could s...Read More
Many short sellers and options traders are profiting from today's crashSpecialized pharmacy stock Diplomat Pharmacy Inc (NYSE:DPLO) is trading at record lows today, earlier bottoming at $7.33, after the company announced it's delaying the release of its fourth-quarter and full-year 2018 earnings report, and is pulling its 2019 forecasts due to greater-than-expected weakness in its pharmacy benefit...Read More
President Trump and China's Vice Premier Liu will meet later todayThe Dow Jones Industrial Average (DJI) is confidently higher today, up triple digits as optimistic investors await news from this afternoon's trade talks between U.S. President Donald Trump and Chinese Vice Premier Liu He. The blue-chip index is headed toward its ninth straight weekly win, its longest weekly winning streak since 19...Read More
* China, Hong-Kong markets quiet* Yen-denominated gold hits over 1-year peak* India discounts narrow to $1 from $6 earlier this week* India's gold marketPhysical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.In Japan, the metal was sold at a discount of about 75 cents to the gl...Read More
* China, Hong-Kong markets quiet* Yen-denominated gold hits over 1-year peak* India discounts narrow to $1 from $6 earlier this week* India's gold marketPhysical gold demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.In Japan, the metal was sold at a discount of about 75 cents to the gl...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
BullionStar was recently asked to comment on the Reserve Bank of Australia's gold reserves supposedly stored at the Bank of England's gold vaults in London. This Q & A is a summary of the discussion.Read full newsRead More
The stock is trading near a historically significant trendlineThe shares of Amazon.com, Inc. (NASDAQ:AMZN) hit a year-to-date high of $1,736.41 on Jan. 31, thanks to a blowout earnings report for fellow FAANG name Facebook (FB). AMZN stock has since pulled back amid a negative reaction to the e-tailer's fourth-quarter results, as well as a number of PR headaches. However, the equity could be heade...Read More
The price of copper surged nearly 3% on Friday after stocks held in global warehouses operated by the LME fell to the lowest since 2005.Copper for delivery in March hit $2.9535 per pound ($6,510 a tonne) by midday on the Comex market, the highest level since the start of July last year. The price spiked in heavy volumes with nearly 1.5m tonnes worth $9.5 billion traded by lunchtime in New York.Glo...Read More
The price of copper surged nearly 3% on Friday after stocks held in global warehouses operated by the LME fell to the lowest since 2005.Copper for delivery in March hit $2.9535 per pound ($6,510 a tonne) by midday on the Comex market, the highest level since the start of July last year. The price spiked in heavy volumes with nearly 1.5m tonnes worth $9.5 billion traded by lunchtime in New York.Glo...Read More