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 retailer will report earnings ahead of tomorrow's openRetail earnings season is heating up, with home improvement name Home Depot Inc (NYSE:HD) scheduled to report its first-quarter results before the market opens tomorrow, May 15. The Dow stock has a history of muted earnings reactions -- averaging a next-day move of just 1.5% over the past eight quarters -- and options traders appear to be b...Read More
The court upheld a New Jersey state law permitting sports bettingMany casino stocks are on fire today, after a Supreme Court (SCOTUS) ruling cleared a path for the legalization of sports gambling in more states. "Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own," wrote Justice Samuel Alito. As such, call options are flying off the...Read More
May 14 (Reuters) - Australian shares rose on Monday, carried higher by BHP hitting its highest since August 2014 and giving the index a valuable boost.The S&P/ASX 200 index rose 0.3 percent, or 19 points to 6,135.3 at the close of trade. The benchmark closed marginally lower on Friday.BHP shares rose nearly 2 percent, hitting their highest in about 45 months.A rally among miners also saw Rio Tinto...Read More
LONDON, May 14 (Reuters) - Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters.Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed miner...Read More
LONDON, May 14 (Reuters) - Shanta Gold will conduct further exploration near its main mine in Tanzania after cutting costs in the past year to cope with tougher mining laws, the chief executive told Reuters.Shanta's plans buck a trend among other firms that have scaled back ambitions in Tanzania due to laws that include giving the state a bigger stake in mines, a ban on exporting unprocessed miner...Read More
Pandora stock has been strong, but Wall Street is more bullish on SPOTStreaming music stocks Pandora Media Inc (NYSE:P) and Spotify Technology SA (NYSE:SPOT) are in focus this morning, after investment research firm Cascend Securities initiated coverage on both. We'll take a closer look at shares of P and SPOT below, as well as some recent options activity. Cascend Joins P Stock SkepticsCascend st...Read More
Amazon stock is trading higher after the bull noteAmazon.com, Inc. (NASDAQ:AMZN) stock is up 0.3% to trade at $1,607.52 this morning, after receiving some bullish analyst attention from J.P. Morgan Securities. Although no price-target hike or upgrade was given, the brokerage valued Amazon's Prime subscription service at $785 per year, nearly seven times its annual cost -- and more than 44% mo...Read More
(Bloomberg) - Alrosa PJSC, the world's largest diamond miner by output, is increasing its marketing efforts and targeting new opportunities in gem cutting at a time when the market is showing signs of starting to stabilize.The Russian firm, which typically hasn't promoted stones outside Russia, last year contributed $25 million to the Diamond Producers Association for marketing and may increase s...Read More
Trump suggested Washington and Beijing should work together to support embattled ZTEOptical component stocks are rallying today, after President Donald Trump signaled support for embattled Shenzhen-based tech firm ZTE. Trump tweeted that he and Chinese President Xi Jinping are "working together to give massive Chinese phone company, ZTE, a way to get back into business, fast." In mid-April, the Co...Read More
(Bloomberg) - The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe's great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.They're all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of...Read More
(Bloomberg) - The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe's great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.They're all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of...Read More
LONDON/JOHANNESBURG, May 14 (Reuters) - Lonmin narrowed its first-half operating loss and set out plans to cut spending as the platinum miner tries to keep a takeover by Sibanye-Stillwater on track by conserving cash.The proposed deal with precious metals producer Sibanye-Stillwater, vital to Lonmin's survival, is conditional upon Lonmin retaining a positive cash balance by the time it is schedule...Read More
Ford was forced to temporarily lay off thousands of workers after a fireShares of auto manufacturer Ford Motor Company (NYSE:F) are higher in early trading, thanks to news reports from over the weekend that the company could resume production on the F-150 pick-up series by this Friday, following a recent fire at a parts factory. The fire caused more than 7,600 workers to be temporarily laid off,...Read More
Trump tweeted his support for China's ZTE over the weekendDow Jones Industrial Average (DJI) futures are trading higher today and appear ready to build off last week's momentum. The Dow is looking to secure its eighth straight gain, which would mark its longest win streak since September. Driving markets this morning are easing trade war tensions between the U.S. and China. On Sunday, President D...Read More
Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More
Strongbow Exploration (TSX-V: SBW), a Canadian firm trying to reopen one of England's most iconic tin mines, announced Monday it planned to list in London's AIM exchange for growing companies next month.The Vancouver-based junior expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which it will use to study the feasibility of resuming production at...Read More
Plus, a look at the SPY triangle breakout receiving major attention"...equities have performed better in the short term when the Fed holds rates steady versus hiking rates during this tightening cycle. Therefore, with support continuing to hold on pullbacks and negative sentiment representing future buying power, the current environment favors the bulls."-- Monday Morning Outlook, May 7, 2018S&P 4...Read More
Police say the practice could damage rivers which are protected from anything that damages them.Read full newsRead More
There are several "conventional" methods of trading earnings that most option traders are taught... Sponsored by TheoTradeFour times a year, publicly-listed companies are required to step up to the earnings confessional to announce revenue and earnings per share results for the prior quarter and future projections for growth going forward. These are conducted through prepared press releases and co...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More