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

Option open interest is the number of outstanding calls or puts that have been bought or sold to open, but have yet to expire or be closed. To analyze stocks, we often use option open interest as a means of measuring the relative levels of investor optimism and pessimism. More specifically, we utilize the Schaeffer's put/call open interest ratio (SOIR) as a sentiment indicator to gauge near-term t...Read More

On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading.Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in a row. Hedge funds have more than doubled net long positions - bets that gold will be m...Read More

Russia is on track to overtake South Africa as the world's largest platinum producer after its two mining giants Norislk Nickel and Russian Platinum this week announced that they are to invest $4.4bn in a joint venture to develop some of the richest known precious metals deposits on Siberia's Taimyr Peninsula. The deposits contain proven ore reserves ...Read full newsRead More

Earnings season will continue to roll along next week. Leading the pack are blue chips Coca-Cola Co (NYSE:KO) and Cisco Systems, Inc. (NASDAQ:CSCO), alongside other notables including Under Armour Inc (NYSE:UAA), PepsiCo, Inc. (NASDAQ:PEP), and Deere & Company (NYSE:DE). On the economic front, Wall Street will digest the latest round of inflation data -- a hot topic of late -- on top of monthly re...Read More

Volatility has ramped back up on Wall Street, with the CBOE Volatility Index (VIX) earlier this week topping the key 50 handle for the first time since August 2015. Most of the price action for stocks has occurred to the downside, and the tech sector has not been immune. More specifically, the PowerShares QQQ Trust (QQQ) has plunged 8.5% from its late-January record high of $170.95 -- a move that...Read More

Subscribers to our Weekend Trader service recently doubled their money on Molson Coors Brewing Company (NYSE:TAP) April 90 puts. We're going to dissect the options trade below, looking back at what originally attracted us to TAP and how the stock performed after we recommended the puts. We entered the trade back on Jan. 16, when the stock was trading near $85. The shares had been trending lower fo...Read More

Very few stocks have avoided the market headwinds of late. However, a handful of securities could be on sale at current levels, if history repeats. While these stocks tend to rally after major stock market dips, car rental concern Hertz Global Holdings, Inc (NYSE:HTZ) could also be flashing a short-term "buy" signal right now, if historical technical trends prevail. Below, we take a look at HTZ st...Read More

Gold settled higher Thursday, with a steady dollar and a drop in the U.S. stock market giving prices enough support to recoup some of the losses suffered over the last four sessions. April gold GCJ8, +0.52% rose $4.40, or 0.3%, to settle at $1,319 an ounce, after scoring its lowest finish for a most-active contract since Jan. 9 on Wednesday, according to FactSet data. It had posted losses in each...Read More

Shares of Facebook Inc (NASDAQ:FB) fell 2.8% on Wednesday, after Snap (NYSE:SNAP) -- which owns Instagram rival Snapchat -- reported impressive earnings. The FAANG stock has sold off alongside the broader stock market in recent weeks, but is now trading near a trendline that historically has had bullish implications. If past is precedent, FB shares could be headed back near record-high territory i...Read More

A former millwright with Copper Mountain Mining Corp. (TSX:CMMC) is suing the company for wrongful dismissal, claiming he and others labelled "union sympathizers" were harassed and bullied in a "highly poisonous work environment."Plaintiff Gordon MacMillan filed a notice of civil claim in BC Supreme Court on January 19. He claims he was constructively dismissed in November 2017 after six years wit...Read More

A former millwright with Copper Mountain Mining Corp. (TSX:CMMC) is suing the company for wrongful dismissal, claiming he and others labelled "union sympathizers" were harassed and bullied in a "highly poisonous work environment."Plaintiff Gordon MacMillan filed a notice of civil claim in BC Supreme Court on January 19. He claims he was constructively dismissed in November 2017 after six years wit...Read More

CAPE TOWN, Feb 8 (Reuters) - Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming end...Read More

CAPE TOWN, Feb 8 (Reuters) - Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming end...Read More

CAPE TOWN, Feb 8 (Reuters) - Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming end...Read More

CAPE TOWN, Feb 8 (Reuters) - Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of Cyril Ramaphosa as head of South Africa's ruling ANC heralds the looming end...Read More

(Bloomberg) - Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn't always better."One of the reasons the majors have failed over the years is they've built such large corporate teams that the decision-making processes within those organizations is so slow," Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. "Being able to rem...Read More

(Bloomberg) - Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn't always better."One of the reasons the majors have failed over the years is they've built such large corporate teams that the decision-making processes within those organizations is so slow," Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. "Being able to rem...Read More

(Bloomberg) - Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51 percent owned by black citizens of the country.The government wants companies to show they have a plan to achieve compliance before it will consider granting waivers, Mines Minister Winston Chitando said in an interview in Cape Town Wednesday."Com...Read More

U.S. stocks have shed early gains, with the Dow Jones Industrial Average (DJI) down nearly 400 points at midday. Rising Treasury yields are once again in focus, with Caterpillar (CAT) and Intel (INTC) stocks weighing the most on the Dow, and Apple (AAPL) the only blue chip in the black. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also sharply lower, in yet another volatile day of trad...Read More

Exchange operator Cboe Global Markets Inc (NASDAQ:CBOE) was one of the biggest losers in the recent market pullback, with J.P. Morgan Securities yesterday suggesting the historic drop in leveraged volatility ETNs will hurt trading volumes going forward. The brokerage firm cited a similar development in 2011 when volatility spiked and VIX trading volumes declined substantially afterward. As such, t...Read More