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
While India saw a 12% decrease in demand for gold jewelry in Q1 2018, Chinese demand grew 7%, and Shanghai Gold Exchange saw April's demand for gold up 28% from 2017.Read full newsRead More
Rather than just "hodling" and hoping that Bitcoin appreciates, investors can earn a fiat-based yield on their BTC by employing what is referred to as a call overwrite technique...Read full newsRead More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
Despite mining contributing about 6 per cent of Australia's GDP, a study by YouthSight revealed that 59 per cent of young people in the country know nothing at all about mining careers.The results from the study were made public today at the MCA Minerals Education Summit in Melbourne and also through a press release issued by the industry-led, government-funded think tank METS Ignited, the Minera...Read More
The Toronto-based start-up has developed a patent-pending process for converting large components of the cannabis plant into an aqueous solution as a base for producing fermented beverages.Read full newsRead More
Update printed with express permission of Lanci Gold Weekly and Echobay Partners.LGW is a professional tool for professional traders Via GoldinAmerica.com Prayer... Always a good thing. Works best with a fundamentally outstanding investment strategy. - Scott BonSubject: Pray for a rally so we can sell it again. Around $1295 is no man's land as macro funds decide to either recommit or puke po...Read More
A big day from retail stocks provided tailwinds for the broader marketStocks managed modest gains today, overcoming early fears surrounding North Korea. A huge earnings reaction from Macy's (M) sparked a rally in the retail sector, guiding Nike (NKE) shares to a record high. The Dowgot a boost from General Electric (GE) stock as well, which enjoyed its highest close in two months. While the S&P 50...Read More
Australian lithium miner Kidman Resources said on Thursday it has entered into a binding agreement to supply lithium hydroxide to electric car maker Tesla Inc.The deal is for an initial three-year term on a "fixed-price take-or-pay basis" from the first product delivery, and contains two three-year term options, the company said in a statement.Kidman said it was also in talks with other strategic,...Read More
European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.U.S. President Donald Trump has imposed import duties of 25 percent on steel and 10 percent on aluminium on grounds of national security, but granted EU producers a temporary exempti...Read More
Tom Brady, chief economist at Newmont Mining, says the gold market has been heavily driven by investors since 2016, and it will takeRead full newsRead More
The brokerage firm waxed optimistic on Square Cash app growthSquare Inc (NYSE:SQ) is trading higher today, after an analyst at Instinet said Square Cash app growth is outpacing downloads for Paypal's (PYPL) Venmo. The analyst in coverage reiterated his "buy" rating and $65 price target -- a 15% premium to SQ stock's current perch at $56.51, up 3.4% on the day.Today's positive price action is just...Read More
Plus, the chip stock that scored a new 'outperform' ratingStocks are climbing today, thanks to encouraging retail earnings. Among stocks making particular noise today, chip name Micron Technology, Inc. (NASDAQ:MU) and penny stock Blink Charging Co (NASDAQ:BLNK) are pushing higher, while drug stock Evolus Inc (NASDAQ:EOLS) is gapping lower. Here's a closer look at what has shares of MU, BLNK,...Read More
The hedge fund has reportedly asked for a strategic reviewShares of GameStop Corp. (NYSE:GME) have traded on both sides of breakeven today, as traders digest reports that hedge fund Tiger Management has urged the video game retailer to conduct a strategic review of its turnaround efforts following management disruptions -- including the sudden departure of its short-lived CEO last week. GME stock...Read More
Call buying was very popular even before todayNike Inc (NYSE:NKE) is seeing accelerated options activity today, as a big earnings move from Macy's (M) is providing a lift to the broader retail sector. Traders are mainly targeting calls, with more than 21,000 trading so far, nearly twice the number of puts. Looking at the most popular options, the June 70 call is in the lead, followed by the June 7...Read More
EA and Activision also bounced off supportive trendlines recentlyVideo game stocks Electronic Arts Inc. (NASDAQ:EA) and Activision Blizzard, Inc. (NASDAQ:ATVI) were the subject of bullish brokerage notes today, and are trading higher as a result. Traders looking to take advantage of the price action may want to do so with options, which are attractively priced on both stocks at the moment. El...Read More
However, traders continue to eye rising bond yields and renewed tensions with North KoreaDespite worries regarding renewed tensions between the U.S. and North Korea, stocks are trading mostly higher at midday. A notable first-quarter beat from Macy's (M) is lifting retail stocks, though Wall Street is keeping an eye on rising bond yields and political uncertainty in Italy. At last check, the Dow J...Read More
JWN stock has had a positive earnings reaction in five of the last eight quartersRetail earnings are in full swing, with Macy's (M) strong quarter giving a lift to the broader sector today. Shares of Nordstrom, Inc. (NYSE:JWN) are up 0.6% at $50.15 ahead of the department store's own first-quarter results -- due out after tomorrow's close -- even after a Securities and Exchange Commission (SEC) fi...Read More