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
Tesla released its third quarter financial results today and company delivered a significant profit for the first time in years. It's mainly thanks to many improvements to the Model 3 program...Read full newsRead More
"I wouldn't touch the crap they're lending on at twice the interest rate..."Read full newsRead More
It is very stormy weather in shortsville after Tesla reported blowout quarter.Read full newsRead More
After an already atrocious day session, AMD shares are bloodbathing after-hours (down over 25% overall) after it reported a disappointing miss on revenues and slashed guidance for Q4...Read full newsRead More
Comparing undervalued junior gold stocks based on ounces in the ground can help investors find the market's most undervalued opportunities.Read full newsRead More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More
Gold and silver need to rise after tomorrow's European central bank meeting and Friday's third quarter GDP numbers due to zoom. I am against new short term investment in gold unless it trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at the current price of $1235. Asian prices of gold are near an all-time high. Buyers in As...Read More
Not a fleshwound anymore... China started off excitedly but the afternoon session saw selling pressure into the close...Read full newsRead More
Semis, FANGs, all getting slaughtered as Nasdaq tumbles 2.6% on the day to its lowest in almost 6 months...Read full newsRead More
Volkswagen shares tumbled as much as 6% on Wednesday, after the President and CEO of Volkswagen China told Nikkei that the company will likely end the year with flat or lower sales volume in China compared to last yearRead full newsRead More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Learn what factors could drive the gold price over the next 12 months, and explore three gold ETF trading ideas.Read full newsRead More
A December rate hike is still on the table after the latest Beige Book reportStocks extended yesterday's sell-off, with major U.S. equity benchmarks closing deep in the red. Early enthusiasm over Boeing's (BA) post-earnings surge evaporated after disappointing housing data -- and selling intensified in the afternoon, as the Fed's Beige Book release appeared to bolster the case for a December rate...Read More
Barrick Gold's acquisition of Randgold Resources will create the world's largest gold miner, but investors may be getting too excited, warns Macquarie.Read full newsRead More
The world's No. 4 iron ore miner Fortescue Metals on Thursday reported an 8.6 percent fall in first-quarter iron ore shipments as pollution curbs in China reduced demand for its lower grade ore.Fortescue shipped 40.2 million tonnes in the September quarter, down from 44 million tonnes a year ago, the company said in a statement.It maintained its fiscal 2019 production guidance at 165 million to 17...Read More
Investors removed an estimated $14.72 billion from hedge funds in September pushing Q3 net flows into negative territory with an estimated $5.71 billion leaving the industry in Q3, and year to date flows to unchanged.Read full newsRead More
Stifel lowered its rating on WING stockStocks have fallen into the red today despite a strong start to the session. Three names making notable moves are restaurant chain Wingstop Inc (NASDAQ:WING), social media concern Snap Inc (NYSE:SNAP), and salon supplies retailer Sally Beauty Holdings, Inc. (NYSE:SBH). Here's what moving shares of WING, SNAP, and SBH today.WING Stock Down After Bear NoteWING...Read More
Barrick Gold Corp, which has agreed to a $6.1 billion deal to acquire Randgold Resources Ltd, reported a drop in third-quarter adjusted profit and revenue on Wednesday, hit by lower prices for gold and copper alongside higher fuel costs.As it readies for a November shareholder vote on its no-premium, all-stock transaction with African miner Randgold, Barrick made some modest changes to forecasts.B...Read More
Deadline reports that Oregon's Todd Hoffman, ofRead full newsRead More
Learn what factors could drive the gold price over the next 12 months, and explore three gold ETF trading ideas.Read full newsRead More