The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More
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
Workday may have closed a contract with DisneyWorkday Inc (NASDAQ:WDAY) is trading up 3.8% today at $135.25, thanks to rumors the software company landed a few major contracts during the third quarter, including one with Walt Disney (DIS). While nothing will be confirmed until Workday reports earnings -- tentatively scheduled for later this month -- options traders are seemingly betting on more up...Read More
Gold futures ended Tuesday with a loss, at their lowest settlement in nearly a week, with traders focused on the outcome of Tuesday's midterm elections that will determine control of Congress. December gold GCZ8, -0.16% lost $6, or 0.5%, to settle at $1,226.30 an ounce on Comex. That was the lowest finish since Halloween. December silver SIZ8, -0.06% settled 14.7 cents, or 1%, lower at $14.50 an...Read More
NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More
NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More
NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More
Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More
Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More
Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More
Pacton Gold (TSXV:PAC; US:PACXF) (theRead full newsRead More
Groupon has been struggling on the charts for monthsShares of Groupon Inc (NASDAQ:GRPN) are trading slightly higher this afternoon, last seen up 0.9% at $3.30. The coupon concern is expected to report its third-quarter earnings before the market opens tomorrow, Nov. 7. Below, we will take a look at what the options market has priced in for the stock's post-earnings moves, and dive into the shares'...Read More
The stock tends to struggle in the last two months of the yearThe holidays will be here before you know it, and that means retail stocks take center stage. However, GameStop Corp. (NYSE:GME) is one retailer to avoid in the coming months, if history is any guide. Below, we outlined 25 stocks that tend to struggle during the holiday season.According to Schaeffer's Senior Quantitative Analyst Rocky...Read More
Bearish sentiment and recent buybacks could make RH a strong buy in NovemberIt's shaping up to be a great time to go long on home furnishings retailer Restoration Hardware Holdings, Inc (NYSE:RH). While the shares have pulled back in recent months from their highs near $160 from early September, they're bouncing from the site of their 2015 and 2017 highs, hinting at double-barreled support going f...Read More
Oil prices are lower againStocks are modestly higher at midday, with traders keeping a close eye on midterm election updates. The technology sector is seeing some of the biggest gains today, with a sharp push higher for IBM (IBM) helping boost the Dow Jones Industrial Average (DJI) to a triple-digit lead. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are up, as well, as the latter seeks to s...Read More
Looking at oil prices, sanctions on Iran haven't so much kicked in as shuffled onto the stage. Waivers granted to eight countries by the Trump Administration should mitigate the drop in Iranian oil exports to a large degree (and could even herald a near-term increase).With midterm elections on Tuesday, the White House had good reason to go with hem-and-haw rather than shock-and-awe. Higher oil pri...Read More
After a few months threatening to break the all-time record (102,635 units, set last December), the Chinese plug-in electric vehicle (PEV) market finally hit a new high, with some 104,900 plug-in vehicles being registered in September, up 66% and in line with previous months' growth ratesRead full newsRead More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More