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

Dow stocks Goldman Sachs and UnitedHealth are both higher after earningsThe Dow Jones Industrial Average (DJI) is up more than 350 points, on track for its best day in two months, thanks to some strong earnings reports from blue-chips Goldman Sachs (GS) and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting impressive gains, too, powered by a bouncing tech sector...Read More

U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More

U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.Livermore, which has engaged in other activist campaigns including at Canadian and UK media firm Entertainment One Ltd , sent a letter to Detour on Tuesday, saying the board has failed its shareholders on "numerous...Read More

Anglo American (LON:AAL) plans to resume production at its massive Minas Rio iron ore mine in Brazil before year-end, but said a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.The company halted production at the mine, its biggest development project, after two leaks in March affected a pipeline that carries the ore to port in Rio de Janeiro state for...Read More

Call and put open interest on HCLP are at their highest points of the past 12 monthsThe shares of fracking specialist Hi-Crush Partners LP (NYSE:HCLP) hit a year-to-date low of $9.43 on Monday, before settling with a slimmer 5.9% loss at $9.64. The downside didn't deter bullish options traders, though, who rolled the dice on a quick move back into double-digit territory for HCLP stock.By the time...Read More

A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as the Joint Comprehensive Plan of Action (JCPA). Sanctions lifted under the Obama Administration were re-imposed.What shou...Read More

Benchmark initiated coverage on the weed stock with a "buy" ratingWith recreational marijuana slated to become legal in Canada starting tomorrow, Oct. 17, Benchmark initiated coverage on British Columbia-based Tilray Inc (NASDAQ:TLRY) with a "buy" rating and $200 price target -- a nearly 21% premium to last night's close. The analyst in coverage waxed optimistic on the company's early emergence in...Read More

Nigeria's population is growing rapidly. It now stands at 182 million, and is projected to exceed 300 million by mid-century, surpassing the U.S. to become the world's third-largest country. And thanks to a high fertility rate - more than five children per woman, higher than the average for sub-Saharan Africa and more than double the global rate - that growth can be expected to continue for quite...Read More

Our senior V.P. of research explains the "confluence of factors" that tripped up stocksSchaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he explained some of the factors that contributed to last week's brutal stock market sell-off -- including how options mechanics may have played a role heading into October expiration.To watch Todd's full remarks,...Read More

There were multiple signs of a climactic volatility event last ThursdayIt was just two short weeks ago in this space that we found ourselves looking askance at the state of the short volatility trade. And in the aftermath of last week's rapid-fire sell-off in stocks -- which was accompanied by the de rigueur spike in the Cboe Volatility Index (VIX) -- it's worth "assessing the damage" by way of a...Read More

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.The facility will have production capacity of 8 gigawatt-hours per year, or the equivalent capacity of batteries to power 160,000 cars. It will be the company's second Chinese manufacturing site and should...Read More

These 2 stocks are in the red despite broad-market tailwindsThe Dow is trading higher out of the gate this morning thanks to upbeat corporate earnings. However, not every stock is gaining after earnings. Take for example investment management giant BlackRock, Inc. (NYSE:BLK) and restaurant chain Domino's Pizza, Inc. (NYSE:DPZ), which are both in the red this morning. We'll take a closer look at sh...Read More

ADBE is finding support near its 200-day trendlineThe shares of Adobe Systems Incorporated (NASDAQ:ADBE) are up 7.2% to trade at $255.25 this morning, after the company confirmed at its analyst day its fourth quarter revenue and profit forecast, while expecting 20% revenue growth in 2019. The event drew rave reviews from analysts, with Barclays issuing a price-target hike to $304 from $297. In ad...Read More

UnitedHealth stock has already been an analyst favoriteShares of UnitedHealth Group Inc (NYSE:UNH) are 3.7% higher in electronic trading -- and could hit a new record high today -- after the Dow name reported an adjusted third-quarter profit beat of $3.41 per share and raised its full-year earnings outlook. UnitedHealth cited an increase in health insurance members as one of the notable catalysts...Read More

Gold's explosive rally over the last couple of trading sessions is unlikely to continue. That's because the rally is not built on a solid sentiment foundation. Instead of beginning against a backdrop of widespread pessimism and investor despair, this rally began when the mood among gold market-timers was already surprisingly upbeat. According to contrarian analysis, this means that the current ral...Read More

Brazil's mining giant Vale (NYSE:VALE), the world's No.1 iron ore and nickel producer, has ruled out any major acquisitions in the short-term and said it would only invest further in nickel if global prices for the metal improve.Speaking at the FT Commodities Global Summit in Rio de Janeiro on Tuesday, Vale chief executive Fabio Schvartsman said the company would only consider developing its gian...Read More

Corporate earnings so far today have been strongDow Jones Industrial Average (DJIA) futures are trading comfortably above fair value, as stocks eye a move higher out of the gate. A strong round of corporate earnings could help equities bounce back from yesterday's risk-off session, with Dow components Goldman Sachs (GS) and Johnson & Johnson (JNJ) both reporting earnings beats. Tech stocks will be...Read More

Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2018 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...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