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
(This article first appeared in April) Barrick Gold founder Peter Munk addresses shareholders at the 2010 annual general meeting.?EUR,Credit: Barrick Gold.It's an extraordinary story about an extraordinary man who became one of the most legendary entrepreneurs in Canadian history.But at its core it is also a love story. It's a tale about Peter Munk's life-long romance with Canada - the country th...Read More
The Trump administration is proposing that limits on mercury pollution from power plants are too costly to justify and no longer "appropriate and necessary," a finding that could make it difficult to impose more stringent curbs in the future.Under President Donald Trump, the EPA now is effectively ignoring those so-called co-benefits and focusing only on the direct potential benefits from slashing...Read More
A rare signal just flashed for WorkdayThe shares of Workday Inc (NASDAQ: WDAY) are up 55.6% year-to-date to trade at $158.07, hitting a record high of $172.67 earlier this month. Now, WDAY just came within one standard deviation of its 10-month moving average -- a historically bullish trendline that could be signaling more upside for the software name. According to data from Schaeffer's Senior Q...Read More
Gold is closing out 2018 with a flourish. Prices are poised for the biggest monthly gain in almost two years as concerns about next year's economic outlook, volatility in global equities and a government shutdown in the U.S. spur demand for the metal as a haven.Spot bullion hit a six-month high on Friday, topping $1,280 an ounce, as investors favored defensive assets, adding to holdings in exchang...Read More
U.S. stocks are up with trading volumes mutedThe Dow Jones Industrial Average (DJI) has explored a 316-point trading range on both sides of breakeven today, last seen in the green, as stocks extend the recent run of volatility. Overall, the Dow and its index peers are set to close the week in positive territory -- which would mark the first weekly win in four weeks for U.S. stocks. In the meantime...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
SANTIAGO - Chilean miner Collahuasi, owned by Anglo American Plc and Glencore Plc, has applied for an environmental permit to extend the life of its deposit with an estimated $3.2 billion investment, the company said on Thursday.The project at Collahuasi, one of the world's largest copper mines with an estimated 2018 production of 545,000 tonnes, will upgrade operations to improve efficiency and p...Read More
Shorts may wait to cover their winning bets until the new yearIt's been a rough six months for Shutterfly, Inc. (NASDAQ:SFLY), with the shares down 60.6% from their June 5 record peak of $100.34, last seen at $39.91. SFLY stock bottomed near familiar support at $35 during the Christmas Eve sell-off -- a region that's served as a floor since 2014 -- and the equity could be set to spike higher from...Read More
SANTIAGO - Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world's top lithium producer, in anticipation that the US-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.Under the contract, US - based Albemarle had agreed to provide as much as 25 percent of its annual production at a...Read More
Plenty of AAPL bulls are still lingering on Wall StreetApple Inc. (NASDAQ:AAPL) is slightly lower this morning at $155.57. Since touching a record high of $233.47 on Oct. 3, the shares have shed one-third of their value, bottoming at $146.59 on Christmas Eve. Their 20-day and 50-day moving averages stand up at $166.04 and $187.48, respectively, further illustrating the FAANG stock's recent weaknes...Read More
Coups, rebel conquests, assassin's bullets - they've all ended presidencies in the Democratic Republic of Congo. This weekend, the vast central African nation is banking on a new method: the ballot box.With three main candidates vying to replace Congo's long-serving leader, Joseph Kabila, Sunday's elections could lead to the mineral-rich country's first transfer of power through voting since indep...Read More
Both the company and its CEO have agreed to pay a fine to settle civil chargesThe shares of Opko Health Inc. (NASDAQ:OPK) are up 28.1% to trade at $3.31, afterthe biotech's Chairman and CEO Philip Frost agreed to a $5.52 million settlement with U.S. Securities and Exchange (SEC) over a civil suit alleging penny stock "pump-and-dump" schemes. Opko Health was also fined.It's been a volatile stretch...Read More
* Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU - Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally...Read More
* Higher prices dampen appeal* China premiums ease to $3-$7 an ounce* Spot gold on track for biggest weekly gains in three* Dealers in India offer $2/oz discountMUMBAI/BENGALURU - Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally...Read More
There was options-related optimism ready to unwindSubscribers to Schaeffer's Options Advisor service scored a 100% profit with the Western Digital Corp (NASDAQ:WDC) April 47.50 put we recommended. We'll take a closer look at why WDC appeared on our bearish radar, and how the winning options trade unfolded.In the latest December issue of Options Advisor, Western Digital stock had already shed 50%...Read More
The restaurant stock has added nearly 75% in 2018The shares of Wingstop Inc (NASDAQ:WING) are up 2.3% this morning at $62, after Wedbush upgraded the restaurant chain to "outperform" from "neutral" while trimming its price target to $69 from $71. The analyst in coverage waxed bullishly on the company's valuation, and sees room for upside to its 2019 earnings per share and margins. Since early 201...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") consisting of the issuance of 20,032,666 units of the Company ("Units") at a price of $0.075 per Unit, for aggregate gross proceeds to the Company of $1.5 Million, as announced by the Company on December...Read More
The Dow is set to snap its three-week losing streakFutures on the Dow Jones Industrial Average (DJI) are trading modestly above fair value following yesterday's sharp reversal on Wall Street. Another win for the Dow today would make it three in a row, with the blue-chip index on track to snap its three-week losing streak. Oil prices are up, too, with February-dated crude futures up 0.8% at $44.97...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
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to report the financial and operating results for its second quarter ended October 31, 2018.Second quarter financial highlights (unaudited): Revenue of $465,959, a 7% increase over Q2 October 31, 2017. Compared to six month revenue of $1,434,742 for the period ended October 31, 2018 a 51% increase ov...Read More