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
Investing.com - Gold prices were lower on Friday as investors moved away from the bullion amid expectations of another interest rate hike this year, while the G20 summit in Argentina was also in focus.Comex gold futures for February delivery slipped 0.16% to $1,228.40 a troy ounce as of 4:54 AM ET (9:54 GMT).Fed meeting minutes released on Thursday showed the central bank is expecting to hike inte...Read More
Despite its best efforts, the "most likely scenario" is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) says.While the company has extended the life of its 777 mine from 2019 to 2021, the memo notes, its efforts to find new sources of ore from 777 "did not turn out as we hoped."That means that the Flin Flon mill...Read More
As an entrepreneurial educator, I've read a lot about the different parts of the brain. It's important to know how the mind works when you're trying to fill up those of your followers with knowledge.Boiling it all down to majorly simplified terms, we have three basic parts to our brain, pictured below:The left brain: Generally, this part of the brain is used for reading, writing, speaking, and l...Read More
Greetings and salutations from Mandaluyong! In case you were wondering, although I’m still in Metro Manila, I recently moved away from Bonifacio Global City (BGC) over to Mandaluyong (only a stone’s throw away, but still takes an eternity to get to during rush hour traffic) in an attempt to try something new…Well, I’ve got my reasons for being here…Anyway, I realize t...Read More
Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. Mr. Dines is "The Original Pot Bug." His early stance against use but in favor of investments led to massive gains for the readers of The Dines Letter.This excerpt from his newsletter is practically required reading for investors who have been on the fence regarding pot stocks....Read More
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Researchers with the University of Western Australia ran some calculations and determined that, although violent, the Big Bang slowly created base and precious metals. According to professors Snezhana Abarzhi and Annie Naveh from UWA's School of Mathematical Sciences, although the supernova explosion was violent it wasn't as turbulent and quick as previously thought."It is traditionally considered...Read More
A Chinese official waxed optimistic on trade talksThe Dow spent most of the session fairly close to breakeven, but ultimately rallied nearly 200 points after a Chinese official said the U.S. and China are finding common ground before the much-anticipated dinner between the countries' leaders at the G-20 meeting this Saturday. As such, the Dow logged its best week since November 2016. The S&P and N...Read More
It is still premature for gold traders to start buying. That's the judgment of many contrarian analysts, who note that gold market sentiment is not yet favorable. This is the same opinion they had six weeks ago, the last time I focused a column on gold market sentiment. Gold GCG9, -0.21% today, of course, is trading slightly lower than where it stood then. Consider the average recommended gold...Read More
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A decline in gold futures Friday, on the back of further strength in the dollar, pushed the metal down for the week, but prices still tallied a second straight monthly gain. Gold for February deliveryGCG9, -0.21% shed $4.40, or 0.4%, to settle at $1,226 an ounce, with the contract registering a weekly fall of nearly 0.3%, based on last Friday's settlement. For the month, however, prices were up ab...Read More
A decline in gold futures Friday, on the back of further strength in the dollar, pushed the metal down for the week, but prices still tallied a second straight monthly gain. Gold for February deliveryGCG9, -0.21% shed $4.40, or 0.4%, to settle at $1,226 an ounce, with the contract registering a weekly fall of nearly 0.3%, based on last Friday's settlement. For the month, however, prices were up ab...Read More
Excelsior Mining (TSX: MIN) (OTCQX: EXMGF) has closed a $75 million project financing package with Triple Flag Mining Finance Bermuda for $65 million copper metal stream and $10 million private placement of common shares of Excelsior.With the financing, Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year, the company announced in a press r...Read More
Excelsior Mining (TSX: MIN) (OTCQX: EXMGF) has closed a $75 million project financing package with Triple Flag Mining Finance Bermuda for $65 million copper metal stream and $10 million private placement of common shares of Excelsior.With the financing, Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year, the company announced in a press r...Read More
Excelsior Mining (TSX: MIN) (OTCQX: EXMGF) has closed a $75 million project financing package with Triple Flag Mining Finance Bermuda for $65 million copper metal stream and $10 million private placement of common shares of Excelsior.With the financing, Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year, the company announced in a press r...Read More
The bad news just won't stop for America's most troubledRead full newsRead More
The shares have surged 264% over the last 12 monthsThe U.S. stock market is trading modestly lower as the G-20 summit gets underway. There's some volatile price action among individual stocks, including media name World Wrestling Entertainment, Inc. (NYSE:WWE), immune disorder specialist Fate Therapeutics Inc (NASDAQ:FATE), and golf retailer Callaway Golf Co (NYSE:ELY). Here's a quick look at what...Read More
Weeklies allow investors to fine-tune their trading time frameThere are many benefits to buying options, namely limited losses and theoretically unlimited gains. But for investors looking to "customize" their trade to capitalize on -- or hedge against -- near-term moves, many turn to weekly options. Below, we discuss the benefits of trading these short-term option contracts.The most popular stocks...Read More
The Volkswagen Group confirmed that they are scouting locations in the US in order to potentially build an electric car factory to support the MEB platform for an affordable $30,000 to $40,000 elec...Read full newsRead More