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 Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF) had sought compensation for damages in the amount of $385.7 million, which included $307.2 million f...Read More
Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit.In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Randgold fou...Read More
Barrick Gold's incoming chief executive said he wants to pull together Tanzania's mining industry to tackle a "desperate" tax dispute that has snared several companies, including the firm's Acacia Mining unit.In an increasingly acrimonious conflict that has lasted almost two years, the government has torn up mining contracts, hiked taxes and royalties, and banned raw minerals exports. Randgold fou...Read More
Apple shares are headed toward their worst weekly rout in yearsIt was a dismal Thanksgiving week on Wall Street, as continued weakness in the tech sector took a toll. A disappointing batch of retail earnings ahead of Black Fridayand a continued rout in oil prices only added to the bearish buzz, and despite a brief respite in the selling pressure on Wednesday, all three major benchmarks are headed...Read More
Oil prices have fallen to a more than 12-month lowStocks are looking getting crushed once more today, thanks again to a tech sell-off, but also because of plummeting oil prices, which earlier fell to a more than 12-month low. Among individual oil names making moves lower are Schlumberger Limited (NYSE:SLB), Marathon Oil Corporation (NYSE:MRO), and Halliburton Company (NYSE:HAL). Here's a quick lo...Read More
everything in its power to change that. And after threatening the future of one Chinese telecoms supplier (ZTE), the US has been pushing its allies around the world to stop using equipment from another mainland firm with an even larger global reach: Chinese consumer tech and telecoms giant Huawei.Read full newsRead More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
There are several reasons to be bearish on GME stockThere hasn't been much good news surrounding GameStop Corp. (NYSE:GME) stock in the past year. The shares have been punished, touching a 13-year low of $12.14 earlier this week. And while they enjoyed a rare upside move on Wednesday thanks to the sale of the company's Spring Mobile business, they're back in the red today. Now with earnings due ou...Read More
Most of the stock market suffered in October -- but not DG sharesWhen most people think of Black Friday, they likely don't conjure up images of Dollar General Corp. (NYSE:DG). However, the discount retailer appeared on our radar for several reasons recently. To start, the stock tends to do well after Black Friday. In addition, DG shares just flashed a historical buy signal ahead of earnings next m...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 sq. km.BTU will acquire Burgundy for 3.6 million sharesThe company will call its new c...Read More
FAANG stocks are dragging the tech sector down again todayThe broader stock market has resumed its sharp sell-off today, led by the spiraling tech sector. More specifically, FAANG stocks are significantly lower today, with Facebook, Inc. (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL) under pressure amid some negative headlines.Facebook Under More Public Pressure From SorosFor Facebook, the social medi...Read More
The shares have had a more volatile-than-usual 60-day stretchThe shares of United Technologies Corporation (NYSE:UTX) are up 2.4% at $128.73, after China approved the blue-chip defense firm's record $23 billion buyout of aircraft parts manufacturer Rockwell Collins (COL). The deal, which was first announced in September 2017, received the green light from U.S. and European regulators earlier this...Read More
Oil's poised for a seventh weekly loss after Saudi Arabia signaled its output may have reached a record, while America's growing crude stockpiles stoked concerns over a potential supply glut.Futures retreated as much as 3.3 percent in New York, set for a 5.6 percent drop this week. Saudi Arabia is producing in excess of 10.7 million barrels a day, Energy Minister Khalid Al-Falih said, giving the s...Read More
LONDON - Britain's Banks Mining has won a high court challenge to the government's decision to reject its application to develop a new coal mine in northeastern England, the company said on Friday.Northumberland County Council agreed last year that the mine's developer, Banks Mining, a division of The Banks Group, could extract 3 million tonnes of coal by cutting an open cast, or surface, mine nea...Read More
Some penny stock news for this Black Friday on Wall StreetTwo low-dollar stocks making notable pre-market moves are Auris Medical Holding AG (NASDAQ:EARS) and Orchids Paper Products (NYSE:TIS). The shares of both EARS and TIS are set to rise at the open, so we'll take a closer look at the stocks below. For EARS, the security is set to rise almost 23% at the open, following news the company's CEO T...Read More
II bulls haven't been this prevalent in yearsBack in September, when the major stock market indexes were still flirting with new highs, optimism on Wall Street was unsurprisingly elevated. Specifically, the number of bullish newsletter advisors surveyed in theInvestors Intelligence (II) poll was at its highest point since January. However, unless you've been hiding under a rock, you're aware that...Read More