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

Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More

The drug stock is heavily shortedThe shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) are trading up 5.6% at $1.21, after the biopharm said it is appealing the Food and Drug Administration's (FDA) decision on its pain drug, Remoxy. Back in August, the regulatory agency failed to approve Remoxy, after an advisory panel voted overwhelmingly against the treatment, citing potential abuse risks. A meeti...Read More

Home Depot reports earnings tomorrow morningBrokerage firm RBC this morning cut its price target on Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) stocks to $208 and $110, respectively, saying there's concern a decline in home prices could weigh on shares of both companies -- though it admitted this threat has yet to materialize. An analyst at J.P. Morgan Securities followed suit b...Read More

Oil futures are set to snap a 10-day losing streakFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are lower today, ahead of a likely a low-volume session, with bond markets and banks closed as the U.S. marks Veterans Day. However, investors are still eyeing a rebound in oil prices, after Saudi Arabia announced it would cut its output in Decembe...Read More

Bulls should seek a move back above SPY $280 before getting aggressive"[W]e prefer to see a roll-over in the equity-only, buy-to-open put/call volume ratio before declaring the risk-reward scenario is favoring the bulls. Such patience likely means you will not catch the exact bottom, but it will also keep you out of situations like last week, in which bounces prove only temporary. Coincident with...Read More

Investing.com - Oil traders are likely to stay fixated on rising global crude supplies in the week ahead, after prices suffered their fifth straight weekly loss and plunged into bear market territory.Global oil prices are down by around 20% since early October, buffeted by signs of growing output from key producers, mainly the U.S., Saudi Arabia and Russia, and indications of a global economic slo...Read More

Investing.com - This week precious metals traders will be focusing on U.S. inflation data after the Federal Reserve indicated that it is on track to hike interest rates again in December and early next year.Wednesday’s inflation data is expected to show that U.S. consumer prices rose in October. Investors will get another update on the health of consumers from Thursday’s retail sales n...Read More

* Falling oil prices stock growth worries* Industrial, material shares suffer on China growth worries* U.S. producer prices rise more than expected in October* Tobacco shares fall on e-cigarette restriction worries* Indexes down: Dow 0.77 pct, S&P 500 0.92 pct, Nasdaq 1.65 pct (Updates to close, adds commentary)By Sinéad CarewNEW YORK, Nov 9 (Reuters) - Wall Street's three major stock i...Read More

Nov 12 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More

The Dubai Diamond Exchange (DDE) and Stargems Group have completed six rough diamond tenders of Anhui-Congo Mining Investment Company goods, with over two-million carats sold.The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the DDE in a secure, transparent and regulated environment.AdvertisementDDE parent company, the Dubai Multi Comm...Read More

(IDEX Online) - Sarine Technologies reported that group revenue rose 4% to US$11.7 million and net profit improved to US$0.3 million in Q3 2018 despite cyclical weakness in the diamond polishing midstream.   Highlights in the report include:   The Group delivered 13 Galaxy family systems to customers in Q3 2018 and expanded total installed base to 390 as of 30 September 2018 Backed by...Read More

(IDEX Online) - The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, intends to push for progress on proposed reforms to the Kimberley Process at the KP Plenary meeting starting in Brussels today. The Plenary meeting continues until November 16.   Specifically,...Read More

(IDEX Online) - Lucara Diamond Corp. reported quarterly sales revenue of $45.7 million (Q3 2017: $77.9 million) or $450 per carat (Q3 2017: $1,161 per carat) in its results for the third quarter ended September 30.   This revenue includes proceeds of $3.9 million received in July related to the company's June tender. Third quarter sales from 2017 included the sale of the Lesedi La Rona f...Read More

Back in 1979 and 1980, I remember my poor dad talking about the rate of return he was getting on his bank's certificates of deposit (CDs). It seemed normal at the time, but their rate was 18%. Who wouldn't like an 18% return on a CD today?What I found really interesting though was when the savings-and-loan crisis hit in the 1980s: the bank retracted the 18% interest rate and basically cancelled th...Read More

Perhaps even more ironic, much of the BHP train wreck on the line to Port Hedland in Western Australia, including wagons and pieces of the locomotives, could end up in a Chinese scrap-metal yard and become part of a growing scrap problem for iron ore miners. One recent estimate is that 70-80 million tonnes of iron ore could soon be displaced by the rising tide of scrap in China, which is used...Read More

LONDON – De Beers made steep cuts in the prices of low-quality stones at its sale this week, according to people familiar with the situation.The world’s biggest producer reduced prices as much as 10% for low-quality stones, said the people, who asked not to be identified because the sales are private. It’s the latest sign that the bottom end of the market is in turmoil.Advertise...Read More

You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen's "liftoff" from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, with another hike expected this December.The cumulative impact is to put the high end of the range for the fed funds rate at 2.5% by year-end. More of the same is widely anticipate...Read More

I'm in Dublin, Ireland, today, where I was honored and humbled to receive a writing award from Trinity College.It's my job to continue pointing out the risks to the financial system that we still face and to try to help people prepare for the next crisis. Of course, central banks are a big part of the problem.If you have defective and obsolete models, you will produce incorrect analysis and bad po...Read More

The midterm elections in the U.S. are mostly behind us - with the exception of a few recounts - the end result will be more gridlock until at least 2020.How will that affect the junior resource space we speculate in? It means there will be very little the two corrupt parties agree on, with infrastructure being the possible exception.Infrastructure is necessary, brings good-paying jobs to people wh...Read More

This special episode features Rob McEwen, chairman and chief owner of McEwen Mining, in a freewheeling conversation with Northern Miner publisher Anthony Vaccaro, recorded live on the sidelines of Cambridge House's Silver & Gold Summit in San Francisco in late October 2018.Rob and Anthony cover a wide variety of topics, including: gauging management's commitment to a company; the history of inflat...Read More