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
Gold has fallen more than 5% from its April high.But Capital Economics says the rout is over. Follow gold in real time here. After slumping...Read full newsRead More
Kazakhstan plans to sell at least 25% of the world's largest uranium miner this year, the centerpiece of an effort to open up the economy of the former Soviet republic sandwiched between China and Russia.Read full newsRead More
Kazakhstan plans to sell at least 25% of the world's largest uranium miner this year, the centerpiece of an effort to open up the economy of the former Soviet republic sandwiched between China and Russia.Read full newsRead More
The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years. Key conclusions emerging from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief...Read More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
The Dow and its index peers gave back gains and closed lowerStocks traded on both sides of breakeven today, but ultimately closed the session lower following pessimistic comments from President Donald Trump on trade. The president told reporters today that he doubts trade negotiations with China will be successful, saying the Asian nation "has become very spoiled." Investors also reacted to the la...Read More
Filings show that top-tier hedge fund managers Ray Dalio and John Paulson stayed true to the yellow metal in Q1.Read full newsRead More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
'Are we not looking for it? Are we bad at finding it? Or have we found it all? My answer is we found it all'Read full newsRead More
Plus, WWE stock scores a record high as TV suitors line upStocks are slumping today, despite another early burst from oil prices and the energy sector. Among stocks making particular noise today, World Wrestling Entertainment, Inc. (NYSE:WWE) and biotech stock Loxo Oncology Inc (NASDAQ:LOXO) are pushing higher, while construction name US Concrete Inc (NASDAQ:USCR) is swimming in red ink. Her...Read More
Why it may not be too late to jump in on the fund's uptrendSince May 8, when President Donald Trump announced the U.S. would withdraw from the Iran nuclear deal, theEnergy Select Sector SPDR Fund (NYSEARCA: XLE) has been on fire. With oil prices surging amid concerns about Iran sanctions, the energy exchange-traded fund (ETF) is pacing for its 10th straight win -- which would mark its longest win...Read More
Options bears and short sellers have been targeting SHAKShake Shack Inc (NYSE:SHAK) hit a two-year high of $59.91 earlier, and was last seen trading up 2% at $59.80. With the shares holding near this peak -- and implied volatilities low after the company's early May earnings report -- it could be time to bet on SHAK stock's next leg higher.Specifically, the equity's Schaeffer's Volatility Index (S...Read More
KR stock has become a battleground between bulls and bearsIt's been a volatile two-year stretch for Kroger Co (NYSE:KR). In fact, KR has a Schaeffer's Volatility Scorecard (SVS) of 89, which shows it's consistently made bigger moves than the options market was expecting over the past 12 months. This choppy price action is continuing today. The stock was up as much as 5.7% earlier, but was last see...Read More
The shares have more than doubled in three months, and the rally could have legsOil prices have been hot lately, amid concerns about Iran sanctions. As such, several energy stocks have been on fire, and Whiting Petroleum Corp (NYSE:WLL) is definitely no exception. WLL stock has more than doubled in less than three months, yet near-term options remain attractively priced. What's more, Whitingstock'...Read More
Fed Presidents Raphael Bostic and Patrick Harker are slated to speak twice next weekRetail earnings will continue to flood Wall Street next week, with Kohl's Corporation (NYSE:KSS), Sears Holdings Corp (NASDAQ:SHLD), and Target Corporation (NYSE:TGT) among the many names set to report. Additionally, all eyes will be on the Federal Reserve, as traders digest the minutes from the May Federal Open Ma...Read More
It took just under seven weeks for subscribers to bank a 100% profitSubscribers to Schaeffer's monthly Option Advisor newsletter just scored a 100% profit with the NetApp Inc. (NASDAQ:NTAP) June 60 call. We're going to take a look back to see why we were initially bullish on NTAP, and how the options trade unfolded.At the time of our initial call recommendation on Friday, March 23, we noted t...Read More
Previous pullbacks to CPE's 40-day moving average have preceded ralliesOil prices are on the rise today, with June-dated crude futures up 0.1% at $71.61 per barrel at last check. Energy stock Callon Petroleum Company (NYSE:CPE) is higher, too, gaining 4% to trade at $14.17. This positive price action echoes the stock's longer-term trend, with CPE adding 16% in 2018. More recently, the stock pulle...Read More
"I'm privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran," said the diplomatic source.Read full newsRead More
Moscow. May 17, 2018 - A representative of ALROSA, the world's largest diamond mining company, was elected as Vice Chair of Responsible Jewellery Council (RJC) on May 17.On May 17, Peter Karakchiev, ALROSA's Head of International Relations, was elected as RJC's Vice Chairman at its 2018 annual general meeting held in Moscow.The RJC is an international standards setting and certification organizati...Read More
Cisco Systems and Walmart are limiting the Dow's upsideU.S. stocks are trading modestly higher at midday, with help from rising energy stocks and crude prices. June-dated oil futures were up 0.8% at $72.06 per barrel, at last check, while Brent crude is trading above $80 per barrel. Keeping gains limited for the Dow Jones Industrial Average (DJI), however, are Cisco Systems (CSCO) and Walmart (WM...Read More