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 junior resource space is one of the highest-risk/highest-reward sectors in the investment landscape.Double-digit gains and losses are common - often in the same day.Early in my career, a mentor and friend asked me if I knew the fastest way to make a small fortune in the junior resource space.I eagerly waited for my dose of wisdom and he replied, "by starting with a big fortune."I didn't laugh....Read More
A strange thing happens when you don’t trust the government. You take responsibility for your actions, instead of shirking your duty and handing off the burden to the collective.I’ve long suspected this. People assume the government will actually do what it says it will. If you think your tax dollars will feed the hungry, house the homeless, and provide for the poor, why bother donatin...Read More
The US wants a major chunk of the investments in North Korea if a deal is reached on nuclear disarmament. This is my view for North Korea. Iran wanted to abandon the US dollar for crude oil pricing with cancelling of nuclear deal as a fall out. Trump further has reversed the ZTE Corp order so that it can negotiate with the Chinese. Gold bulls are caught between the devil and deep sea. On one han...Read More
The US wants a major chunk of the investments in North Korea if a deal is reached on nuclear disarmament. This is my view for North Korea. Iran wanted to abandon the US dollar for crude oil pricing with cancelling of nuclear deal as a fall out. Trump further has reversed the ZTE Corp order so that it can negotiate with the Chinese. Gold bulls are caught between the devil and deep sea. On one han...Read More
Total: 47 14 33Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases. While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons to its official holdings in the last seven months of...Read full newsRead More
Oil prices rose again following an updated OPEC forecastStocks jumped out of the gate this morning, thanks to a diplomatic trade tweet from President Donald Trump, which eased tensions between the U.S. and China and lifted several optical component stocks. The major indexes went on to lose momentum in what turned out to be a low-volume session, with the S&P 500 and Nasdaq both briefly dipping into...Read More
Jayden Resources, Cordoba Minerals, Asian Mineral Resources, Pacton Gold and Hunt Mining were last week's top-gaining mining stocks on the TSXV.Read full newsRead More
BOOT has a history of positive post-earnings reactionsWestern apparel retail chain Boot Barn Holdings Inc (NYSE:BOOT) is slated to report its fiscal fourth-quarter results tomorrow after the market closes. On the charts, BOOT has had a strong run, gaining 150% over the past nine months, and today reaching a more than two-year high of $22.17. The stock has also established a floor at the $17 level...Read More
On Monday copper for delivery in July fell back in the red on the Comex market in New York at $3.088 per pound or $6,800 a tonne as traders ponder rising trade tensions between the US and China, the globe's number one metals consumer.The industry is gathering in Hong Kong for LME Asia Week, but spirits may be dampened somewhat by a new report giving a muted assessment of the effects of Beijing's...Read More
The death toll has climbed to 55, the health ministry says.Read full newsRead More
So much for the billions spent buying pesos on Friday...Read full newsRead More
While Tesla's stock price is modestly higher this morning, seemingly glued to the $300-ish level, the car-maker's bonds are leaking lower in price as Elon Musk told employees in a memo that he has been undertakingRead full newsRead More
The brokerage firm said AMD stock tends to rally after the annual CoinDesk eventShares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading up 2.5% at $12.27, after J.P. Morgan Securities waxed optimistic on the chip stock ahead of CoinDesk's Consensus 2018 blockchain conference. The brokerage firm said it liked "the risk-reward of owning upside in AMD," given its historically bullish returns...Read More
Plus, the biotech higher on development plans for its liver disease drugStocks are mostly higher today, with the Dow heading toward its eighth straight win. Apparel retailer Tailored Brands Inc (NYSE:TLRD) and biotech stock Galectin Therapeutics Inc. (NASDAQ:GALT) are enjoying particularly upbeat days, while photocopy specialist Xerox Corp (NYSE:XRX) is struggling. Here's a closer look at wh...Read More
The company should provide answers on the internal audit revealed last weekThe shares of cybersecurity concern Symantec Corporation (NASDAQ:SYMC) on Friday suffered their worst session in years, after the company revealed an internal audit stemming from concerns flagged by a former employee -- though no further details were given. Today, however, SYMC shareholders should get some answers, with Sym...Read More
CAR stock just pulled back to its 200-day The 20 S&P MidCap 400 Index (MID) stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names we want to take a closer look at today are car rental stock Avis Bud...Read More
Ottawa - Women who work in artisanal and small-scale mining (ASM) face economic, decision-making, legal and institutional exclusions due to cultural norms. This is the finding of a new report from the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF).ASM is a complex and diversified sector, ranging from informal individual miners seeking a subsistence livelihoo...Read More
The DJI is eyeing its longest winning streak since SeptemberU.S. stocks are higher in afternoon trading, with the Dow Jones Industrial Average (DJI) pacing toward its eighth straight gain -- which would represent its longest winning streak since September. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also higher at midday, with the majority of today's surge attributable to easing t...Read More
Speaking in an interview with Bloomberg TV, Eisman said thatRead full newsRead More
ECB governor Villeroy said the end of net asset purchases is nearing, citing September or December as the likely cut off point, and warning that the first rate hike could come quarters, not years after the end of asset purchases.Read full newsRead More