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

HARARE – Zimbabwe's Parliament has passed amendments to the mining bill after removing clauses that required foreign mining companies to list locally, according to an official record of Parliament's debates seen on Friday.Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms and were contrary to the g...Read More

Just four years ago, the U.S. Navy released the 2014 U.S. Navy Arctic Roadmap - a policy position that was supposed to outline American objectives in the region through 2030.But four years later, Navy Secretary Richard Spencer and Chief of Naval Operations Adm. John Richardson sat in front of a Congressional panel explaining why U.S. Arctic policy needed to be overhauled... completely.What trigger...Read More

Beginning in December 2015, Janet Yellen put the Fed on a path to raise interest rates 0.25% every March, June, September and December, a tempo of 1% per year through 2019, until the Fed "normalizes" interest rates around 3%.The only exception to this 1%-per-year tempo is when the Fed takes a "pause" in hiking rates because one part of its dual mandate of job creation and price stability is not be...Read More

Two weeks ago yesterday we dared the wrathful gods... and tempted fate with a rare prediction.From The Daily Reckoning, dated 17 May:May 31 is the date of the next drop... We do not forecast a cataclysm - but a substantially negative May 31. So you can go ahead and put us down for it. The S&P will sink May 31.If wrong, we boasted, we would eat every word we wrote that day - without salt.May 31...Read More

A special territory panel discussion, "NWT Mining: The Key to Unlocking Our Potential", recorded live at the Canadian Mining Symposium in London on April 25, 2018.Opening Remarks: Wally Schumann, Minister of Industry, Tourism and Investment and Minister of Infrastructure, Government of Northwest Territories.Moderator: John Cumming, Editor-in-chief, The Northern Miner.Panelists: Michael J. Byron, p...Read More

Everybody should have gold in their portfolio, says Chris Mancini of Gabelli Asset Management in this interview. And now is the time to invest.Read full newsRead More

Brent Cook of Exploration Insights says while institutional and retail funds are scarceRead full newsRead More

Trade war fears have been reignited Trade war fears hammered the Dow today. News that the Trump administration was placing fresh tariffs on imports from Canada, Mexico, and the European Union (EU) put pressure on the blue-chip index early -- though domestic steel stocks initially popped -- and losses were exacerbated when Canada, Mexico, and the EU all confirmed they'd retaliate with tariffs of th...Read More

Benj Gallander of Contra the Heard Investment Letter says there's danger investing in new sectors like cannabis and cryptocurrencies, where scammers are taking advantage of speculators.Read full newsRead More

It took only a matter of weeks for subscribers to lock in a 100% profitSubscribers to Schaeffer's Option Advisor just scored a 100% profit with the Centene Corp (NYSE:CNC) June 100 call. We're going to take a look back to see why we were initially bullish, and how the options trade unfolded.At the time of our recommendation in late March, we noted that healthcare concern CNC had been on a tear,...Read More

ANF has been on a tear over the long termClothing retailer Abercrombie & Fitch Co. (NYSE:ANF) is slated to report first-quarter earnings before the market opens tomorrow. Abercrombie stock is down 7.1% at $23.91 at last check, pressured by a post-earnings drop for sector peer American Eagle Outfitters (AEO). However, ANF shares have a history of positive earnings reactions, which could help send...Read More

Plus, Viking Therapeutics call volume is skyrocketing with the share priceThe Dow is downtriple digits today, as Canada and the European Union (EU) vowed to fight back against President Donald Trump's steel and aluminum tariffs. Among individual stocks making notable moves, drug stocks scPharmaceuticals Inc. (NASDAQ:SCPH) and Crispr Therapeutics AG (NASDAQ:CRSP) gapped lower this morning, while...Read More

The lender's U.S. operations were deemed "troubled" by the Fed, according to the WSJU.S.-listed shares of Deutsche Bank AG (NYSE:DB) are selling off today, on news of a damning report by the Federal Reserve. And while the bank stock is barreling toward its lowest close in nearly two years, options traders are bracing for even bigger losses.With roughly 90 minutes left in today's trading, 64,051 pu...Read More

Commentary courtesy of Luke Doyle99BitcoinsRead more by MarketSlant EditorRead More

Gold prices finished with a loss on Thursday to tally a second straight monthly decline, as pressure from the U.S. dollar index's gains in May outweighed concerns about a global trade spat. Prices for the haven metal had initially turned a bit lower early Thursday when a round of economic data, a curtain-raiser to the closely watched monthly payrolls report due Friday, did little to sway expectat...Read More

Gold prices finished with a loss on Thursday to tally a second straight monthly decline, as pressure from the U.S. dollar index's gains in May outweighed concerns about a global trade spat. Prices for the haven metal had initially turned a bit lower early Thursday when a round of economic data, a curtain-raiser to the closely watched monthly payrolls report due Friday, did little to sway expectat...Read More

The next generation of copper mines will not only have less copper but sharply declining grades, according to a study by Mining Intelligence.Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%.The estimated total resource of copper projects in the pipeline are 106B tonnes, half the current resource total of existing mines....Read More

Canaccord Genuity said GrubHub could be like Uber and AmazonGrubHub Inc (NYSE:GRUB) stock is trading up 1.6% today at $109.25, putting it back within striking distance of its March 13 all-time high of $112.30. The move comes after Canaccord Genuity initiated coverage on GRUB with a "buy" rating and $130 price target, with the firm waxing optimistic on the company's potential as it entersthe mass m...Read More

A handful of retail earnings are also expectedThe first full week of June will be relatively quiet. On the economic front, Wall Street will digest the monthly Job Openings and Labor Turnover Survey (JOLTS), as well as data on factory orders and non-manufacturing activity. A handful of earnings are expected to trickle in, including reports fromApple supplier Broadcom (AVGO), as well as retailers Fi...Read More

Incrementum's 12th annual In Gold We Trust report analyzes gold primarily as a monetary asset and not as a commodity like say hops or barley.In its 230-page report, the Liechtenstein-based asset managers believe that gold is in the early stages of a new bull market, "which has been temporarily slowed down by the election of Donald Trump":"The expectations of the political newcomer were clearly exc...Read More