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
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
Weak Chinese data had BIDU in the red this morningThe shares of Baidu Inc (NASDAQ:BIDU) were lower in early trading, pressured by weak Chinese economic data. However, BIDU stock was last seen up 3.2% at $163.67, after the Beijing-based e-commerce concern said 2018 revenue grew on a year-over-year basis. The bullish reversal has sparked heavier-than-usual call volume, with a number of traders eyein...Read More
More bear notes could be on the way for LPX, AKAM, and GMEDOn the first trading day of 2019, stocks pared their sharp losses and turned higher at midday. Lumber manufacturer Louisiana-Pacific Corporation (NYSE:LPX), cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), and medical device maker Globus Medical Inc. (NASDAQ:GMED) are all lower on negative analyst attention. Below, we'll take a loo...Read More
FAANG-heavy FDN hit an annual low in late DecemberTech stocks took a hit in 2018, with the technical weakness underscored by the price action in the First Trust Dow Jones Internet ETF (FDN) -- a fund that includes several FAANG members as its top holdings -- which tagged an annual low of $107.06 on Dec. 24, and closed out the fourth quarter down 17.6%. This has left a number of analysts scrambling...Read More
A pair of retail stocks could struggle in the short termWe recently outlined the best stocks to own in January and the first quarter, historically. Today, we'll take a look at stocks that could struggle in the short-term, if past is prologue. Among some of the worst January stocks is luxury retailer Tiffany & Co. (NYSE:TIF), while Victoria's Secret parent L Brands Inc (NYSE:LB) has been among the...Read More
Call volume is surging on the cloud concernA number of tech stocks have turned higher this afternoon, helping push the Nasdaq into positive territory. One name making a notable upside move is Box Inc (NYSE:BOX). The shares of the cloud specialist were last seen trading up 8.1% at $18.25, thanks to fresh M&A buzz pegging the company as a potential buyout target. Options activity has picked up in a...Read More
As a general rule, the most successful man in life is the man who has the best informationWe probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world. But Spectrum Mining Corporation, a private company, controlled one of the best - the Wicheeda Lake REE claims 80km north of Prince George, BC.Wicheeda LakeIn 2008 Spectrum contracted Falc...Read More
Traders don't need to wait until the opening bell to start raking in massive wins.In light of the recent market action, many traders are taking time to reevaluate their portfolios...Analyzing their open positions...And getting ready to make any needed changes to their trading in the weeks and months ahead.However, most traders are under the impression that they have to wait until markets open to...Read More
Procter & Gamble was named one of BofA-Merrill Lynch top picks for the first quarterBofA-Merrill Lynch just named Procter & Gamble Co (NYSE:PG) one of its "high conviction ideas" for the first quarter of 2019. The brokerage firm said it sees sustainability in P&G's recent revenue strength, and that the company is positioned to beat earnings per share (EPS) and organic sales estimates. Looking at t...Read More
The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore.Read full newsRead More
Bullion futures held near a six-month high after topping $1,280 an ounce.Read full newsRead More
The DJI was down triple digits in early tradingThe Dow Jones Industrial Average (DJI) was down triple digits to start the session, as weak manufacturing data out of China fueled fears of a global economic slowdown. However, the Dow has since pared most of its losses -- and briefly turned higher -- while the tech-rich Nasdaq Composite (IXIC) has pulled a 180 to kick off 2019 in the black. Oil price...Read More
The chip stock is also historically strong in JanuaryIt was a brutal 2018 for chip stocks, and Skyworks Solutions Inc (NASDAQ:SWKS) was no exception. The semiconductor name shed 32% last year, but there could be clearer skies ahead, if history is any indicator. For one, Skyworks stock tends to outperform during the first quarter, looking back 10 years. According to Schaeffer's Senior Quantitat...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
...as with all moments of excess, there is a price to be paid and the hangover has escalated...Read full newsRead More
BofA-Merrill Lynch is the latest brokerage firm to call MRVL stock a "buy"BofA-Merrill Lynch placed Marvell Technology Group Ltd. (NASDAQ:MRVL) on its "high conviction" list for the first quarter, and called the semiconductor stock a "buy" -- echoing a recent bullish call from Citigroup. The upbeat analyst note has MRVL stock brushing off broad-market headwinds to trade up 0.3% at $16.23.Longer te...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More