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
Barrick Gold Corp expects to record a pre-tax charge of around US$429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves.Read full newsRead More
Vangold Mining Corporation (TSXV: VAN) (OTC Pink: VGLDF) (FSE: E35B) ('Vangold' or the 'Company') is pleased to announce that it has initiated a Resource Valuation and Preliminary Economic Assessment ('PEA') in respect of the Company's 100% owned El Pinguico Project, in Guanajuato, Mexico.Read full newsRead More
The U.S. stock market recently suffered a major pullback, as volatility surged. As such, Schaeffer's Senior Quantitative Analyst Rocky White compiled a list of the best stocks to buy after a major pullback -- defined as when the SPX falls at least 1% in two consecutive sessions within a month of an all-time high -- since the current bull market began in 2010. Two notable names from the list are bi...Read More
Monday's monster stock selloff is exhibit A for why I frequently recommend a 10 percent weighting in gold, with 5 percent in bullion and jewelry, the other 5 percent in high-quality gold stocks, mutual funds and ETFs.What began on Friday after the positive wage growth report extended into Monday, with all major averages dipping into negative territory for the year. The Dow Jones Industrial Average...Read More
Stocks again seesawed erratically between positive and negative territory today, with the Dow trading in a 500-point range. Along with Treasury yields and the latest round of corporate earnings reports, the latest budget showdown in Congress was also in focus, as Senate leaders claimed to have reached an agreement on a two-year spending bill to avoid a government shutdown tomorrow night. But while...Read More
Renforth Resources (CSE:RFR) is pleased to announce that stripping work completed in the Fall of 2017 has identified an ~565m2 bulk sample target area with an average grade of 0.76 g/t Au located in two veins.Read full newsRead More
Spearmint Resources (TSXV:SRJ) is pleased to announce that it has received the NOI (Notice of Intent to Drill) from the State of Nevada Commission On Mineral Resources to drill it's 100 percent owned Clayton Valley lithium prospect.Read full newsRead More
It's another volatile session on Wall Street today, with the Dow last seen sporting a triple-digit lead. Among individual stocks moving higher today are Oprah favorite Weight Watchers International, Inc. (NYSE:WTW) and media stock tronc Inc (NASDAQ:TRNC), though burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG) is struggling once again. Here's a closer look at what's moving shares of WTW,...Read More
Investors sold off copper on Wednesday as the US dollar strengthened and equity and bond market volatility spilled over onto commodity markets.Comex copper plunged more than 3% to a low of $3.085 a pound ($6,800 per tonne) in New York, an eight-week low. Volumes were particularly heavy, with more than 185,000 lots worth some $14.3 billion traded by the close. After a 30% jump in 2017, copper ha...Read More
Shares of Riot Blockchain Inc (NASDAQ:RIOT) are trading up 10.87% at $14.34 -- near the top of the Nasdaq -- after the company issued a letter of intent to purchase digital currency specialist Logical Brokerage. RIOT stock is pacing for its second straight double-digit percentage gain, and bullish options traders are striking while the iron's hot.At last check, 13,728 RIOT calls were on the tape,...Read More
Gold prices ended at a one-month low Wednesday, down a fourth-straight session, as the dollar index and Treasury yields gained, dulling investment demand for the precious metal. April gold GCJ8, +0.19% dropped $14.90, or 1.1%, to settle at $1,314.60 an ounce. That was the lowest finish for a most-active contract since Jan. 9 and largest single-session dollar and percentage loss since Nov. 20, acco...Read More
Biotech stock Regeneron Pharmaceuticals Inc (NASDAQ:REGN) has been trending lower since mid-2017, shedding almost 30% in the past six months to trade at $335.60, after just yesterday hitting a three-year low of $319.50. But with the company preparing to report earnings before the open tomorrow, Feb. 8, it should be pointed out at that this technical weakness has come despite a fairly strong post-e...Read More
The price of no asset can move up or down in a straight line, so why should mining stocks be any different? They have been declining relentlessly for almost 2 weeks, erasing more than 10% of their value. Sharp? Definitely. Unsustainable? Perhaps. When will the turnaround take place? It depends.It depends on the bullish signs and confirmations that we get. The correct question to be asking now is:...Read More
(Bloomberg) - China's growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market."Things are much more positive than they were this time last year," and the jewelry market has bottomed out after three years of declines, said Nikos Kavalis, London-based di...Read More
(Bloomberg) - The Democratic Republic of Congo tried to strike a more conciliatory tone Wednesday after a week of increasingly heated exchanges between Africa's top copper producer and some of its largest foreign investors.Mining companies are furiously lobbying the government to roll back a reformed mining law passed last month by Congo's parliament with last-minute changes that will financially...Read More
As the U.S. stock market recovers from its worst sell-off in years, many traders have an eye out for bargain trading opportunities. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, freight specialist C.H. Robinson Worldwide Inc (NASDAQ:CHRW) has been one of the best stocks to buy after a massive S&P 500 Index (SPX) pullback. And if past is precedent, CHRW stock could be...Read More
Stocks have once again erased early losses, with all major indexes trading higher at midday. Specifically, the Dow Jones Industrial Average (DJI) was up more than 300 points at its intraday peak, with all but four of the Dow's 30 stocks higher at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have also managed toturn higher, as traders eye the latest round of corporate earning...Read More
Using more than 1,000 different chemicals, unconventional oil and gas (UOG) operations combine directional drilling and hydraulic fracturing, or "fracking," to release natural gas from underground rock. Today, researchers at the University of Missouri and the University of Massachusetts released a study that found that female mice exposed to mixtures of chemicals used in UOG operations during pr...Read More
Biotech stocks Array Biopharma Inc (NASDAQ:ARRY) and Myriad Genetics, Inc. (NASDAQ:MYGN) received some bullish analyst attention this morning, although only one stock is higher at last check. Below, we'll take a closer look at the brokerage notes, and how ARRY and MYGN stocks are reacting.Analysts Chime In On ARRY's Upbeat Melanoma TrialArray Biopharma stock is up 5% to trade at $17.10, and jus...Read More
The brutal broad-market pullback this month has impacted most stocks, presenting buying opportunities for speculators who believe the long-term rally will resume. Among some of the best stocks to buy after big dips, historically, include cloud concerns Citrix Systems, Inc. (NASDAQ:CTXS) and Salesforce.com, Inc. (NYSE:CRM). Below, we take a look at CTXS and CRM stocks, which could be on sale right...Read More