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
All three names are on the short-sale restricted list today, thoughThe Dow has explored a 500-point trading range on both sides of breakeven, as Wall Street digests the latest trade developments and a negative earnings reaction for Apple (AAPL). Among other stocks making notable moves are gene therapy specialist Adverum Biotechnologies Inc (NASDAQ:ADVM), Apple supplier Universal Display Corporatio...Read More
Gold futures declined on Friday after a stronger-than-expected October jobs report, prompting prices for the precious metal to end the week with a modest loss. Gold for December delivery GCZ8, -0.16% fell $5.30, or 0.4%, to settle at $1,233.30 an ounce. It ended the week roughly 0.2% lower, according to FactSet data. On Thursday, gold settled at a more than three-month high, up 1.9% as the U.S....Read More
Considering that every major job category increased in October, virtually everyone is hiring.Read full newsRead More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More
The electric car name remains heavily shortedTesla Inc (NASDAQ:TSLA) confirmed today that the Securities and Exchange Commission (SEC) has issued subpoenas investigating production projections for its Model 3 vehicle. Should government enforcement occur, Tesla has said it could have "material adverse impact on our business."This isn't the first time the Feds and Tesla have battled it out. Elon Mus...Read More
Canada Cobalt Works (TSXV: CCW) (OTC: CCWOF) announced today that underground drilling on the first level of the northern Ontario Castle mine, specifically targeting cobalt for the first time at this historic silver producer, has returned high-grade cobalt, nickel and silver grades.Highlights: "These cobalt grades are very high in a global context and demonstrate the unique opportunity at the Cast...Read More
Canada Cobalt Works (TSXV: CCW) (OTC: CCWOF) announced today that underground drilling on the first level of the northern Ontario Castle mine, specifically targeting cobalt for the first time at this historic silver producer, has returned high-grade cobalt, nickel and silver grades.Highlights: "These cobalt grades are very high in a global context and demonstrate the unique opportunity at the Cast...Read More
Specialist mining investors have found aRead full newsRead More
Specialist mining investors have found aRead full newsRead More
Undervalued Tinka on zinc radarsRead full newsRead More
The stock's pullback from record highs could be a buying opportunityHandmade marketplace Etsy Inc (NASDAQ:ETSY) is slated to report third-quarter earnings after the close on Tuesday, Nov. 6. While the shares have pulled back recently with the broader equities market, a historically bullish technical signal is now flashing -- suggesting ETSY stock could be on sale at current levels.Etsy shares touc...Read More
Apple's earnings reaction stifled the stock market's momentumStocks came back with a bang this week, though it wasn't enough to save the Dow from its worst monthly loss since January 2016. While news the U.S. was considering more tariffs on Chinese goods spooked traders early on, an upbeat tweet on U.S.-China trade talks from President Donald Trump sparked a broad-market surge, with the Dow and Na...Read More
Tesla delivered a new Powerpack system to Nova Innovation's tidal power station in Scotland - creating "the world's first grid-connected 'baseload' tidal power station."...Read full newsRead More
UBS' price target represents a 40% premium to yesterday's closeThe shares of Michael Kors Holdings Ltd (NYSE:KORS) are up 3.5%, at last check, to trade at $58.51. This upside comes after UBS upgraded the retailer to "buy" from "neutral," and boosted its price target to $80 from $76, a nearly 40% premium yesterday's close. In addition, Piper Jaffray also raised its rating on KORS -- to "overweight...Read More
All three indexes started the session in positive territoryThe Dow Jones Industrial Average (DJI) jumped nearly 200 points at the open on trade optimism and a strong October jobs report. However, the White House's denial that a U.S.-China trade deal is in the works and a sharp post-earnings sell-off for Apple (AAPL) stock has pulled the Dow into negative territory, with the S&P 500 Index (SPX) an...Read More
...the French megabanks are on the hook!Read full newsRead More
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today's article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market.Elections are approaching the US again. Two years after Donald Trump was elected as POTUS, American voters go to th...Read More