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
The blue chip is pulling back to a historically friendly trendlineThe shares of Merck & Co Inc (NYSE:MRK) just logged an 18-year high of $80.19 in early December, but have since taken a breather to consolidate around the $75 area. What's more, the healthcare concern just pulled back to a key trendline -- a signal that, if past is precedent, might send MRK on its next leg higher. Specifically, the...Read More
The Russian economy is apparently more durable than many Western politicians imagined...Read full newsRead More
The short holiday week tends to be a sluggish one for the S&P 500This year marks the 21st that the U.S. stock market will be closed in observance of Martin Luther King Jr. Day, which means we now have a round 20 years' worth of historical data to draw from in analyzing the impact, if any, this mid-January holiday has on investors. We've already shared what have historically been the best and worst...Read More
Many Chinese carmakers have announced plans to start exporting to the U.S. but none of them has managed to crack the lucrative retail market. Kandi Technologies Group Inc. may become the first.The Nasdaq-listed company, which started making electric cars in 2013, plans to ship two of its models to the U.S. this year, Chairman and Chief Executive Officer Hu Xiaoming said in a telephone interview We...Read More
Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by as-yet unidentified individuals.According to a statement by Burkina Faso minister of foreign affairs Alpha Barry, Woodman was kidnapped near the village of Tiabangou at the Bira Trend exploration site...Read More
Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by as-yet unidentified individuals.According to a statement by Burkina Faso minister of foreign affairs Alpha Barry, Woodman was kidnapped near the village of Tiabangou at the Bira Trend exploration site...Read More
Morgan Stanley's earnings misstep weighed on stocks early onThe Dow Jones Industrial Average (DJI) hasn't recovered from this morning's Morgan Stanley (MS) earnings disappointment, but has pared its loss to just over 20 points at midday.Anxieties over China's economy and U.S.-China trade relations also weighed on stocks early on.The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have both tur...Read More
VFC will report earnings before the open tomorrowEarnings season is hitting high gear, and one of the first retail names due up is VF Corp (NYSE:VFC), scheduled to report its fiscal third-quarter earnings before the open tomorrow, Jan. 18. VFC is known for making volatile moves after its quarterly reports, and the options market is expecting more of the same in Friday's session.Specifically, Trad...Read More
The oil stock was heavily shorted at the end of 2018Subscribers to our Schaeffer's Weekly Options Trader service recently won big with the Continental Resources, Inc. (NYSE:CLR) weekly 1/11 37-strike calls. Here's a quick look at what initially drew us to CLR, and how the successful bullish options trade unfolded.When we recommended the call on Thursday, Dec. 27, the energy stock was fresh off a s...Read More
Mizuho is bullish on this company's exposure to 5GNomura Instinet upgraded NXP Semiconductors NV (NASDAQ:NXPI) to "buy" from "neutral," and maintained its $95 price target -- a 21.3% premium to last night's close at $78.34. The analyst in coverage said valuation is appealing after the chip stock's recent sell-off, and traders are "underappreciating an attractive end-market mix." Likewise, CrispIde...Read More
In a new leak that can be accurately labeled "the smoking gun," Google has been busted manipulating search results on YouTube in order to manipulate social behaviors and control minds...Read full newsRead More
AUSTIN, TEXAS - Emerson today introduced the Performance Learning Platform, a portable and compact automation technology training solution that enables hands-on training to prepare workers to maintain their plant safely and efficiently. The platform reinforces the competencies essential to fostering digital transformation and helps close the workforce skills gap as the Industrial Internet of Thing...Read More
An eco-friendly heating technology created by Saiterm is changing the way homeowners stay warm over winter. Based in Amsterdam, the heating technology firm has patented "Spring", an infrared system that aims to render traditional gas boilers and electric heaters things of the past.With Spring's infrared heating technology, homeowners can turn up the heat, reduce carbon emissions and radically cut...Read More
Put buying on SIG surged in recent weeksSignet Jewelers Ltd. (NYSE:SIG) is one of the biggest losers on Wall Street this morning. The stock was last seen trading down 23.2% at $25.63 -- fresh off a nine-year low of $25.51 -- after the company cut its fourth-quarter and full-year forecasts due to a weak holiday season. One reason given for the poor performance was a sharp drop in traffic at brick-a...Read More
These S&P stocks tend to stand out in the short holiday weekNext week will be a short one for traders, as U.S. equity markets will be closed on Monday, Jan. 21, in honor of Martin Luther King Jr. Day. The federal holiday is observed on the third Monday of each calendar year -- to roughly coincide with the late Dr. King's birth date of Jan. 15 -- and 2019 will mark the 21st year that the stock mark...Read More
The shares are set for their best day in monthsThe shares of Adamis Pharmaceuticals Corp (NASDAQ:ADMP) have added 11.2% to trade at $2.92 in early market trading, on the U.S. launch of the company's allergy treatment, Symjepi. The drug -- launched by commercial partner Sandoz -- will directly compete with pharma company Mylan's (MYL) popular EpiPen. The jump has ADMP stock pacing for its third str...Read More
Gold mining veteran Rob McEwen is nothing if not optimistic.The founder of Goldcorp Inc. is sticking with his bold prediction that the precious metal will soar almost fourfold to $5,000 an ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks."Once people get over buying cryptos and biotech and cannabis stocks they're going to start looking at gold again," the chi...Read More
LONDON - The London Metal Exchange (LME) will launch seven new cash-settled futures contracts on March 11, including hot-rolled coil (HRC) steel and alumina, it said on Thursday.The exchange, the world's oldest and largest market for industrial metals, also said in a statement that it expected to launch a lithium contract in the fourth quarter."We believe that these new cash-settled contracts... w...Read More
Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020, amid the continuing U.S.-China trade war and further potential volatility because of Brexit.Cochilco said it saw production at 5.941 million tonnes for 2019, up 1.6 percent from 5.845 million in 2018, and a 227,000 tonne deficit in the global market fo...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), is pleased to announce today the finalization of an integration agreement for the Venzee distribution platform with an existing product content management engine. This agreement is an enhancement to a relationship with an existing referral partner based in the European Market."Integrating to existing platforms...Read More