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
ExGen Resources Inc. (TSXV:EXG; OTC: BXXRF) ("ExGen") announced today that, effective Friday, January 11, 2019, it will continue from the Province of Alberta to the Province of British Columbia pursuant to a resolution passed by shareholders of ExGen at the annual and special meeting held November 5, 2018.Read full newsRead More
The Fed minutes underscored a dovish take toward future rate hikesStocks soared today on lingering trade tailwinds, while a relatively dovish tone in the December Fed meeting minutes only strengthened bulls' resolve into the close. Traders also watched as oil prices surged back above the $50 per barrel mark for the first time since mid-December, while Apple (AAPL) climbed to the top of the Dow, de...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
Imperial Metals (TSX:III) announced this week that due to declining copper prices, operations at the Mount Polley mine will be suspended. The suspension plan includes milling of low grade stockpiles which is targeted to extend operations to the end of May 2019.In a news release, the company said there will be no impact to the mine's ongoing environmental monitoring and remediation program, and t...Read More
Imperial Metals (TSX:III) announced this week that due to declining copper prices, operations at the Mount Polley mine will be suspended. The suspension plan includes milling of low grade stockpiles which is targeted to extend operations to the end of May 2019.In a news release, the company said there will be no impact to the mine's ongoing environmental monitoring and remediation program, and t...Read More
ATM maker Diebold Nixdorf is also heading toward its best day in yearsStocks are cruising higher today, enjoying solid gains amid U.S China trade optimism. Among stocks making notable moves today, Kandi Technologies Group Inc (NASDAQ:KNDI) and computer hardware issue Diebold Nixdorf Inc (NYSE:DBD) are higher, while Snapchat parent Snap Inc (NYSE:SNAP) is lower. Below, we'll take a look at the...Read More
Gold settled higher on Wednesday, buoyed by a drop in the dollar as the market weighed comments from Federal Reserve officials for hints on the pace of the central bank's interest-rate hikes this year. Prices for the precious metal then extended their gains following the Comex settlement as minutes from the Federal Open Market Committee's December meeting revealed that some Federal Reserve members...Read More
Gold settled higher on Wednesday, buoyed by a drop in the dollar as the market weighed comments from Federal Reserve officials for hints on the pace of the central bank's interest-rate hikes this year. Prices for the precious metal then extended their gains following the Comex settlement as minutes from the Federal Open Market Committee's December meeting revealed that some Federal Reserve members...Read More
The stock is brushing off headwinds from a major stakeholderThe shares of Canopy Growth Corp (NYSE:CGC) have shot up 12.5% to trade at $33.35, as a bullish brokerage note offsets a sharp sell-off for CGC stakeholder Constellation Brands (STZ). Options traders are reacting, too, targeting more short-term gains for the weed stock.Taking a quick look at that analyst note, Piper Jaffray initiated cove...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
CROX shares are set for a fourth straight daily gain Footwear stock Crocs, Inc. (NASDAQ:CROX) is rallying to new highs, with some citing a positive call-out from data firm M Science, though we've been unable to pin down the specifics. Regardless, the shares were last seen up 5.3% at $31.71, and just tapped a seven-year high of $31.88. This would mark a fourth straight gain for the equity, bringing...Read More
The company unveiled new products at the Las Vegas CESThe shares of Western Digital Corp (NASDAQ:WDC) are higher today, after the data storage concern launched a slate of new products at the Consumer Electronics Show (CES). Against this backdrop, WDC options volume is also soaring today. However, WDC stock is now facing off against a formidable trendline, and previous tests of the moving average h...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Both names tagged two-year lows near the start of the shutdownThe partial U.S. government shutdown has entered day 19, with President Donald Trump and congressional leaders expected to meet today to resume funding negotiations. This follows POTUS' prime-time address to the nation last night and a tweet from Trump this morning that said, "we MUST fix our Southern Border!" With no end in sight, fina...Read More
The DJI is pacing for a fourth straight gainThe Dow Jones Industrial Average (DJI) briefly dipped into the red, but has since roared back to life. Stocks are higher amid optimism over a U.S.-China trade deal, and Apple (AAPL) stock is pacing the blue-chip winners, despite reports the company is slashing iPhone production. At last check -- and even amid the ongoing government shutdown -- the Dow is...Read More
There are reasons to believe PHM can extend its recent rallyPulteGroup, Inc. (NYSE:PHM) has enjoyed a 39% rally since its late-October bottom near $20.50. What's more, the housing stock could keep climbing, if past is precedent, after flashing a big bullish signal.Schaeffer's Senior Quantitative Analyst Rocky White recently looked at the best stocks to own during a government shutdown. Looking at...Read More
Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More