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
The Chinese Finance Ministry agreed to cut import taxes on some cars and auto partsCar stocks are trading higher today on news China has agreed to cut import taxes on some vehicles to 15% from 25%, and on specific automobile parts to 6%, effective July 1. The move by Beijing comes following comments from U.S. Treasury Secretary Steven Mnuchin on Monday that the two countries had made "very meaning...Read More
"We're going from talking about robots to actually building and fielding programs... Within five years, I have no doubt there will be robots in every Army formation..."Read full newsRead More
Both stocks have struggled since their late-January highsHomebuilder Toll Brothers Inc (NYSE:TOL) is an early loser today, down 7.5% to trade at $40.36, after the company reported fiscal second-quarter earnings below analyst expectations. The disappointing results are also hitting sector peers KB Home (NYSE:KBH) and Lennar Corporation (NYSE:LEN), which are both trading sharply lower today. Puts...Read More
SINGAPORE, May 22 (Reuters) - The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months.Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm ex...Read More
Rosenblatt Securities' new target is more than double the stock's Monday closeChip stock Micron Technology, Inc. (NASDAQ:MU) is soaring this morning, after the company last night said it approved a plan to buy back up to $10 billion in shares of its common stock. The news hit just hours after Micron upped its current-quarter earnings guidance. In response, MU stock has received no fewer than seve...Read More
(Bloomberg) - Rising global demand for cosmetics, marble and stainless steel is helping Taliban and Islamic State militants in Afghanistan fund their increasingly violent insurgencies, according to an investigation by Global Witness.The militant groups make millions of dollars annually mining talc, chromite and marble in eastern part of the war-torn nation. The international NGO in a report on Tu...Read More
(Bloomberg) - Goldcorp Inc. Chief Executive Officer David Garofalo says he's happy with his company's portfolio of assets, but that doesn't mean he doesn't have a wish list.In an ideal world, the company would have an asset in Nevada's Carlin Trend. "If you're an Americas-based gold company, you should be there. Barrick and Newmont are there and we should be there," he said in an interview in Tor...Read More
(Bloomberg) - Goldcorp Inc. Chief Executive Officer David Garofalo says he's happy with his company's portfolio of assets, but that doesn't mean he doesn't have a wish list.In an ideal world, the company would have an asset in Nevada's Carlin Trend. "If you're an Americas-based gold company, you should be there. Barrick and Newmont are there and we should be there," he said in an interview in Tor...Read More
WWE's 14-day RSI is above 90Needham just raised its price target on World Wrestling Entertainment, Inc. (NYSE:WWE) to $70, the highest on the Street. This follows reports the company is about to close a $1 billion deal with Fox for its "Smackdown" franchise. As such, the stock is trading up 2.4% in pre-market trading, which would put it on pace for another record high. It's essentially already tri...Read More
Kohl's shares are soaring after a big earnings beatDow Jones Industrial Average (DJI) futures are pointed higher this morning, with the blue-chip index ready to vault further north of the key 25,000 level. Trade talks continue to boost optimism on Wall Street, after China announced it will slash it import tariffs on certain automobiles and car parts starting this summer. Elsewhere, the 10-year Tre...Read More
Stocks Analysis by Sean Mason, SmallCapPower.com covering: XAU/USD, Gold Futures, Copper Futures, Barrick Gold Corporation. Read Sean Mason, SmallCapPower.com's latest article on Investing.comRead full newsRead More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the company has been trying to advance two major gold projects for years, may soon be over as the country's energy ministry said he planned to solve pending differences shortly."The main aim is to reach an agreement in the coming weeks within the spirit of the arbitration ruling," energy ministry George Stathakis tol...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the company has been trying to advance two major gold projects for years, may soon be over as the country's energy ministry said he planned to solve pending differences shortly."The main aim is to reach an agreement in the coming weeks within the spirit of the arbitration ruling," energy ministry George Stathakis tol...Read More
Stocks Analysis by Sean Mason, SmallCapPower.com covering: XAU/USD, Gold Futures, Copper Futures, Barrick Gold Corporation. Read Sean Mason, SmallCapPower.com's latest article on Investing.comRead full newsRead More
This bond yield signal just flashed for the first time since 2008Bond yields barreled back into focus last week, as the 10-year Treasury yield pushed to seven-year highs above 3%. The 2-year yield set an even longer-term milestone, as it accelerated on Tuesday to its highest level since 2008. But perhaps most noteworthy is a detail pointed out by Schaeffer's Quantitative Analyst Chris Prybal -- th...Read More
Africa-focused Gem Diamonds' (LON:GEMD) has recovered a 115-carat diamond from the Let??eng mine in Lesotho.The top white colour Type IIa gem was the ninth diamond of over 100 carats the company has found so far this year, exceeding the total number of precious stones over 100 carats dug up in 2017. Those recoveries include a massive 910-carat rock found in januaryu, the world's fifth biggest...Read More
Africa-focused Gem Diamonds' (LON:GEMD) has recovered a 115-carat diamond from the Let??eng mine in Lesotho.The top white colour Type IIa gem was the ninth diamond of over 100 carats the company has found so far this year, exceeding the total number of precious stones over 100 carats dug up in 2017. Those recoveries include a massive 910-carat rock found in januaryu, the world's fifth biggest...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Gains US$80 million credit facilityRead full newsRead More
Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.Read full newsRead More