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
Few stocks have had as hot a start to 2018as Netflix, Inc. (NASDAQ:NFLX). The streaming giant has turned in only two negative sessions in January, and is currently riding a eight day winning streak. The FAANG name is higher again today, up 3.4% to trade at $283.80, and earlier touched a fresh record high of $286.81. The stock is riding higher on news thatcable operator Altice integrated Netflix i...Read More
PulteGroup, Inc. (NYSE:PHM) reports fourth-quarter earnings before the open tomorrow, and near-term options traders are unusually put-skewed before the event. For instance, our Schaeffer's put/call open interest ratio (SOIR) for PHM comes in at 1.35 and ranks only 2 percentage points from a 12-month high. Looking closer, recent activity has centered at the weekly 2/2 35-strike put, where speculato...Read More
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note today are tech andstocks Facebook, Inc. (NASAQ:FB) and Apple Inc. (NASDAQ:AAPL). Below, we'll break down recent options tradin...Read More
Gold futures ended lower Monday as a popular dollar gauge climbed and benchmark Treasury yields cleared their highest level since April 2014. February gold GCG8, +0.16% lost $11.80, or 0.9%, to settle at $1,340.30 an ounce. The SPDR Gold Shares exchange-traded fund GLD, -0.43% fell 0.5% and the VanEck Vectors Gold Miners GDX, -0.97% eased 2.3%. Selling has set in ahead of the U.S. Federal Open...Read More
Iranian military boats have quietly ended years of harassment of US Navy vessels in the Persian Gulf, and it looks like another welcome sign of a new cop on the beat. For years, armed Iranian "fast...Read full newsRead More
Saudi Arabia is finally reaping the benefit of leading OPEC efforts to boost oil prices by trimming global output. Its net foreign reserves rose for three consecutive months through December for the first time since 2014, tracking oil's recovery. The trend may continue, with oil enjoying its best January since 2006 and net-long positions at record highs.Read full newsRead More
It's been a cold winter so far this year, with many parts of the country experiencing record low temperatures.Read full newsRead More
It sounds good, but be careful what you wish for.Read full newsRead More
Wyoming oil is saving the day, something that hasn't been said for more than two years. State revenue forecasts are improving. The oilfield service industry is climbing. And the generalRead full newsRead More
Shut up. Zip it. It is a pathetic and cowardly way of responding to reality, but it is, alas, a widespread behavior pattern in Western Europe today - and, at least in certain milieux in poor little Belgium, it has been all but raised to a sacrament.Read full newsRead More
Japan's new cryptocurrency regulations were put to the test last week when CoinCheck - a popular, if unlicensed, Tokyo-based crypto-exchange - became the target ofRead full newsRead More
Advanced Micro Devices, Inc. (NASDAQ:AMD) is scheduled to report fourth-quarter earnings after tomorrow's close. Below, we will take a look at how AMD stock has been faring on the charts, and how options traders are speculating on the semiconductor name -- which is on the cusp of a historically bullish month.AMD stock has gained more than 27% so far in 2018, and rallied roughly 36% from its Dec. 5...Read More
Although U.S. stocks are down today, it's been a stellar start to 2018, with the major market indexes still pacing for their best month in years. With February around the corner, we decided to take a look at some stocks that could outperform next month, if past is prologue. Below is a list of 25 stocks to buy now, if history is any indicator, with travel stock Priceline Group Inc (NASDAQ:PCLN) lea...Read More
Earnings season hits high gear this week, with video game maker Electronic Arts Inc. (NASDAQ:EA) among the many names set to report. Specifically, the "Star Wars: Battlefront" creator will unveil its fiscal third-quarter results after tomorrow's close, and despite EA stock's negative earnings reaction last quarter, options traders have been loading up on calls ahead of the event. Below, we'll take...Read More
Stocks are pulling back, with the Dow Jones Industrial Average (DJI) dropping more than 160 points at its intraday low -- pressured by Apple's (AAPL) iPhone X production concerns ahead of Thursday night's earnings report. Plus, despite strong earnings from Lockheed Martin (LMT) and big M&A news in Keurig Green Mountain's purchase of Dr Pepper Snapple (DPS), investors are focusing instead on this m...Read More
(Bloomberg) - Toro Gold Ltd. became Africa's newest gold producer last week when it delivered its first batch of bullion, and the privately held firm is now weighing the possibility of selling shares this year.The company, which achieved the unusual feat of building a bullion mine without tapping public markets for funding, expects to produce about 135,000 ounces of the metal a year from the Mako...Read More
Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More
Bamako, Mali, 29 January 2018 - Randgold Resources' Loulo-Gounkoto gold mining complex is on track to improve on its record performance in 2018, with last year's production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company's general manager of its West African operations, said today.Speaking at the quarterly update for local media, Berthe said this...Read More
Bourevestnik, Inc., subsidiary company of ALROSA, supplied and commissioned a set of 27 X-ray luminescence sorters at the new recovery plant of the Cullinan mine in South Africa.The Cullinan Mine is owned 74% by Petra Diamonds Limited and is renowned as the source of very rare blue diamonds and large, high quality gem diamonds, including Type II stones characterized by low nitrogen content (their...Read More
29 Jan 2018, Neil VenturaAs we get up every morning, look in the mirror and see the same face looking back at us, it may be surprising for some people to learn that the human body actually renews most of its cells every ten years. While research has shown that some cells in the body are never replaced, the vast majority of our entire physical structure is changed several times within our lives. S...Read More