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
It looks like a hybrid between a golf cart and Wall.E. Its main function is to move through collapsing, rubble-strewn tunnels at mine sites to map them and analyze pollutants in groundwater.It can do what humans cannot: penetrate thousands of feet into a mountain, creep through very narrow areas with poor air quality and gather data of poorly understood subterranean flows, many of which contain to...Read More
The gold price was down for the first time this year after the release of the latest US jobs data. Silver, copper and oil were also down for the week.Read full newsRead More
This week for Bitcoin, Bonds, and Bullish stockholders...Read full newsRead More
Marlin Gold Mining Ltd (TSXV:MLN), a metals and mining company based in Canada, received a lot of attention from a substantial price increase on the TSXV over the last fewRead More...Read full newsRead More
The South African workers had been stuck since Wednesday, when a power cut stopped the lifts.Read full newsRead More
Toronto-based Yamana Gold said on Friday that an accident at its Gualcamayo mine in Argentina resulted in two fatalities.Read full newsRead More
All of the nearly 1000 miners trapped in the Sibanye-Stillwater's Beatrix gold mine in South Africa due to a power outage were brought back to the surface.Read full newsRead More
The rescue team faced the difficult task of bringing up hundreds of workers one at a time from the 700-meter deep mine. The workers had been trapped in the mine since Wednesday evening.Read full newsRead More
The miners were trapped after a power outage knocked out the elevators that were used to take them to the surface.Read full newsRead More
After Trump announced the steep 30% U.S. tariffs on imports of solar panels and washing machines. the Chinese Commerce Ministry expressed "strong dissatisfaction" and said it "aggravates the global trade environment."Trump is not done with tariffs. In the days and weeks ahead, we can expect further announcements with regard to steel and aluminum imports to the U.S. Again, such imports come largely...Read More
Ready or not, a trade war between the U.S. and China is underway.On Monday, Jan. 22, President Trump announced steep 30% U.S. tariffs on imports of solar panels and washing machines.What was significant about these tariffs is that they are being applied worldwide. The tariffs are not aimed at China alone, but China is by far the largest source of solar panels shipped to the U.S., and China and Sou...Read More
Buckle your seatbelt - the market has been on a bumpy ride this week.And in light of the recent sell-off in pot stocks, it's worth taking a deeper look at what's happening in the markets.Consider this your pot-stock correction survival guide.Of course, this isn't the first correction in pot stocks we've weathered over the past year.But it is the first time in a long time that all the pot markets h...Read More
Even the best predictions aren't always accurate.Weather forecasters were expecting a cloudy, dreary morning in western Pennsylvania. Yet the famous groundhog Punxsutawney Phil still managed to see his shadow this morning. If legend holds true, that means we'll have to bundle up for six more weeks of frigid winter weather.Stocks were also spooked by their shadows this Groundhog Day. Futures are dr...Read More
Did you watch Trump’s State of the Union Address? The whole thing??I don’t blame you if you skipped out early. Because according to one commentator, this was the third longest speech of its kind in American history!But if you did turn off the TV to call it a night early, you may have missed the latest information on Trump’s $1.5 trillion plan. And as an investor, you do NOT want...Read More
We're constantly being told nowadays that the economy has been gathering steam and we can expect further growth ahead.OK, fine, but let's take a look at real U.S. GDP annual growth since the recession ended in 2009:2010: 2.5%2011: 1.6%2012: 2.2%2013: 1.7%2014: 2.6%2015: 2.9%2016: 1.5%2017: 2.3%It all averages out to: 2.16%.Where's the steam? Can someone show me the “Trump Boom” please?...Read More
It wasn’t the bombshell everyone hoped for. But the release of the FISA (Foreign Intelligence Surveillance Act) memo did corroborate what we already knew: the government is corrupt.In fact, the contents of the memo should be disturbing to everyone. But Bill Binney, Thomas Drake, and Edward Snowden revealed much worse. Americans are desensitized to immense abuses of their rights.The FISA Mem...Read More
It wasn’t the bombshell everyone hoped for. But the release of the FISA (Foreign Intelligence Surveillance Act) memo did corroborate what we already knew: the government is corrupt.In fact, the contents of the memo should be disturbing to everyone. But Bill Binney, Thomas Drake, and Edward Snowden revealed much worse. Americans are desensitized to immense abuses of their rights.The FISA Mem...Read More
It wasn’t the bombshell everyone hoped for. But the release of the FISA (Foreign Intelligence Surveillance Act) memo did corroborate what we already knew: the government is corrupt.In fact, the contents of the memo should be disturbing to everyone. But Bill Binney, Thomas Drake, and Edward Snowden revealed much worse. Americans are desensitized to immense abuses of their rights.The FISA Mem...Read More
We asked you earlier today to pay attention. We hope you didThis broken bull flag is bad...This non confirmation weekly close is worse.. While it may seem like Armageddon, and Gold May in fact be at the beginning of a precipitous drop, that isn't a complete given though the cash market did trade there. We actually did not settle under $1330 Further, Gold is suffering as an ebb tide sinks all boa...Read More
Gold rose on the back of rising bond yields and negative news on crypto currency news. After today's US January nonfarm payrolls it will be a technical trade with Chinese demand and bond yields as the key. Today and Monday are big days for gold and silver. I expect $50 either side moves in gold from the current price of $1347.90. Silver on the other hand needs a daily close over $1740 today and...Read More