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
To authorize dedicated domestic terrorism offices within the Department of Homeland Security, the Department of Justice, and the Federal Bureau of Investigation to analyze and monitor domestic terrorist activity and require the Federal Government to take steps to prevent domestic terrorism.That’s the text of a bill introduced in Congress on February 2nd called the Domestic Terrorism Preventi...Read More
To authorize dedicated domestic terrorism offices within the Department of Homeland Security, the Department of Justice, and the Federal Bureau of Investigation to analyze and monitor domestic terrorist activity and require the Federal Government to take steps to prevent domestic terrorism.That’s the text of a bill introduced in Congress on February 2nd called the Domestic Terrorism Preventi...Read More
To authorize dedicated domestic terrorism offices within the Department of Homeland Security, the Department of Justice, and the Federal Bureau of Investigation to analyze and monitor domestic terrorist activity and require the Federal Government to take steps to prevent domestic terrorism.That’s the text of a bill introduced in Congress on February 2nd called the Domestic Terrorism Preventi...Read More
The current volatility in global stock markets should pitch for a very strong case of the need to invest in physical gold to everyone. Gold is the only safe haven. The rest of them can be junk. Once again the debate between paper investment and safe havens. Gold as a safe haven is intended to safe guard against current global investment shocks. Selected stock investment will no doubt give much b...Read More
The current volatility in global stock markets should pitch for a very strong case of the need to invest in physical gold to everyone. Gold is the only safe haven. The rest of them can be junk. Once again the debate between paper investment and safe havens. Gold as a safe haven is intended to safe guard against current global investment shocks. Selected stock investment will no doubt give much b...Read More
Gold prices are down for a second week on the back of a firmer US dollar. Oil prices also tumble amidst the release of fresh US data.Read full newsRead More
Stock market volatility was the name of the game yet again today, with the Dow exploring a range of more than 1,000 points on both sides of breakeven, before ultimately finishing in the black. It's a trend we've seen all week, with the index trading in a massive range of more than 2,100 points since Monday's open, but ultimately suffering its steepest weekly loss since January 2016. The S&P 500 an...Read More
Silver Viper Minerals Corp. (the 'Company' or 'Silver Viper') (TSX-V: VIPR) is pleased to announce that Carla Hartzenberg, CPA, CA, has been appointed by the Company as Chief Financial Officer, effective immediately.Read full newsRead More
It's been a volatile week on Wall Street, and today is no different. The Dow was last seen up around 50 points -- after being down 500 points earlier -- and on pace for its worst week since the financial crisis. This whipsaw price action is being mirrored in the drug sector, too, with Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) and Pieris Pharmaceuticals Inc (NASDAQ:PIRS) soaring, while Sarepta Th...Read More
Source: Clive Maund for Streetwise Reports 02/09/2018Technical analyst Clive Maund reviews the charts of two urban miners that he views as strong buys.We took profits or partial profits in related stocks Enviroleach Technologies Inc. (ETI:CSE) and Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB) about three weeks ago, in the full knowledge that theirs is a great story, because they were bot...Read More
Gold futures declined on Friday to suffer from their largest weekly loss in two months, as investors eyed volatility in global stocks and a leading dollar index aimed for its best weekly performance in more than a year. April gold GCJ8, +0.47% gave up $3.30, or 0.3%, to settle at $1,315.70 an ounce after tapping a high of $1,325. It finished Thursday in the green, halting a four-session skid as in...Read More
It was another volatile week of trading on Wall Street, withthe Dow trading in a more than 2,160-point range as of this writing, and sinking into correction territory. The bulk ofthe price action occurred to the downside -- a possible self-fulfilling prophecy, and marking the fastest S&P pullback from record highs in decades -- with the major benchmarksslumping to their biggest weekly losses in ye...Read More
(Bloomberg Prophets) -The 10-year Treasury yield is one of the best metrics for predicting the direction of commodity prices. Its increase in recent months indicates that commodities have more room on the upside. The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.Interest rates are one of three elements that help determine the intrinsic price...Read More
(Bloomberg Prophets) -The 10-year Treasury yield is one of the best metrics for predicting the direction of commodity prices. Its increase in recent months indicates that commodities have more room on the upside. The correlation between commodity price and the 10-year has been strong over time, for a number of reasons.Interest rates are one of three elements that help determine the intrinsic price...Read More
The stock market tailspin of late has triggered the fastest exodus of bulls in decades. However, the recent correction could present buying opportunities for speculators who believe past is prologue. In fact, Dollar Tree, Inc. (NASDAQ:DLTR) stock tends to be among the best to buy after sharp S&P 500 Index (SPX) drops from record highs. Below, we take a look at why the discount retailer could be a...Read More
LONDON, Feb 9 (Reuters) - The London Metal Exchange (LME) was likely to make fee cuts permanent on short- and medium-dated carry trades after volumes on those trades rose in January, despite slightly weaker overall turnover, it said on Friday.The LME cut fees on short-dated carries in October and on medium-dated carries in November in a bid to revive volumes after total turnover on the exchange fe...Read More
BENGALURU/MUMBAI, Feb 9 (Reuters) - Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India.Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar."Retail buyers are comfortable with the current...Read More
MOSCOW, Feb 9 (Reuters) - Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday.Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in Capetown on Friday, the statement said.(Reporting by Polina Devitt; Editing by Poli...Read More
JOHANNESBURG, Feb 9 (Reuters) - African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35 million, its chief executive said on Friday.Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new listing mainly to fund its Segilola Gold Project in Nigeria. The company als...Read More
JOHANNESBURG, Feb 9 (Reuters) - African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35 million, its chief executive said on Friday.Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new listing mainly to fund its Segilola Gold Project in Nigeria. The company als...Read More