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

Coincheck told authorities that it had lost 500 million NEM cryptocurrency coins in today's cyberheist, which at the current exchange rate amounts to roughly $400 million!Read full newsRead More

Overstock.com Inc (NASDAQ:OSTK) is tentatively scheduled to report fourth-quarter earnings after next Monday's close. Below, we will take a look at how OSTK stock has been faring on the charts, and how options traders are speculating on the blockchain name.Looking closer, Overstock.com has had an astounding run recently, gaining more than 344% over the past six months and touching an all-time high...Read More

It was another impressive week for the U.S. stock market, as investors continue to cheer corporate earnings. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all recorded all-time highs and a fourth straight weekly win, even after the government shutdown carried over into Monday. Meanwhile, the White House tried to iron out its position on the weakening U.S....Read More

Gold in Brief:We've been on hiatus for some time now. The last thing we did was make a call that gold was headed to $1700. In fact, one of our writers, Vince Lanci, stated in a kitco interview with Daniela Cambone that the trade was to short BTC futures and buy gold on a dollar neutral basis. That has worked out well. So we circled back with him for some insight:SK: Did you buy Gold and short...Read More

Metallis Resources Inc. (TSXV:MTS) ("Metallis" or the "Company") is pleased to announce that further to its news release dated January 5, 2018, the Company has closed its private placement (the "Private Placement") pursuant to which its issued 1,897,142 Units at a price of $1.15 per Unit for aggregate gross proceeds of $2,181,713.Read full newsRead More

Q4 GDP came in at 2.6%, missing expectations and below last quarter's 3.2% GDP print, and the lowest since the first quarter of 2017, largely as a result of a surging trade deficit in the fourth quarter.Read full newsRead More

The U.S. stock market is set to end the week with strong gains, as Wall Street reacts to the latest batch of corporate earnings reports. Among individual names making big moves are Israel-based biotech RedHill Biopharma Ltd (NASDAQ:RDHL), Dow stock Pfizer Inc. (NYSE:PFE), and Humira parent AbbVie Inc (NYSE:ABBV). Here's a quick look at how the drug stocks are trading today.RedHill Biopharma Stock...Read More

Gold fell sharply on Friday, but held on to a weekly gain, on the heels of conflicting comments from the Trump administration on dollar policy. Prices began to fall in electronic trading on Thursday after CNBC reported that President Donald Trump said he wanted to see a stronger dollar and expressed optimism that the battered U.S. currency would strengthen. On Friday, February gold GCG8, -1.04%...Read More

The shares of casino concern Wynn Resorts, Limited (NASDAQ:WYNN) are plummeting in afternoon trading, after The Wall Street Journal reported allegations of sexual misconduct by CEO Steve Wynn (subscription required). The billionaire has denied the rumors -- which include accusations that he forced employees to engage in sex acts -- blaming ex-wife Elaine Wynn, "with whom I am involved in a terribl...Read More

(Bloomberg) - A metal that's in demand for batteries is surging, and it's not the one everyone's talking about.Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It's an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty.What's driving prices is tightening supply and stron...Read More

Among the plethora of names in the slew of earnings reports next week is hardware stock Seagate Technology PLC (NASDAQ:STX). The tech company is slated to report its fiscal second-quarter earnings before the bell on Monday. Below, we will take a look at how options traders are speculating ahead of the report, as well as how STX has been faring on the charts.As an overview, Seagate stock has outpe...Read More

LUSAKA, Jan 26 (Reuters) - A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case.State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Pl...Read More

LUSAKA, Jan 26 (Reuters) - A $1.4 billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case.State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi Mining Pl...Read More

Strong corporate earnings continue to drive stocks higher, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) both setting new record peaks. Dow component Intel (INTC) is surging after its earnings release, while upbeat drug news has fellow blue chip Pfizer (PFE) posting fresh highs, too, as they lead a broad rally in the tech and healthcare spaces. Elsewhere, investors are reacti...Read More

BENGALURU/MUMBAI, Jan 26 (Reuters) - Demand for physical gold improved slightly in most Asian hubs this week, despite rising prices, as buyers stocked up on expectations of a further rally in the yellow metal.Gold prices rose on Friday, putting them on course for a near 2 percent weekly gain, in anticipation of a further dip in the U.S. dollar.Demand in India, the world's second-largest consumer o...Read More

JD.com Inc (NASDAQ:JD) is buzzing this morning, after Bloomberg reported the Chinese e-tailer was preparing for its long-awaited foray onto U.S. soil later this year. The company is hoping to establish itself on the West Coast, and start online sales by the second half of 2018. JD.com is hoping to gain ground on Chinese rival Alibaba (BABA) and American e-commerce monster Amazon.com (AMZN). Again...Read More

Transport stocks have taken a hit this week, following some lackluster airline earnings. As such, the Dow Jones Transportation Average (DJT) is pacing for a weekly loss of more than 2%. Considering the Dow Jones Industrial Average (DJI) is headed for a weekly win, some Dow Theory followers could be getting nervous at the divergence. Below, we take a look at how the transports and blue-chip indexes...Read More

Shares of Nike Inc (NYSE:NKE) earlier matched yesterday's all-time high of $68.64, and at last check, the Dow component was up 1% at $68.36. The move comes after infamous investor Bill Ackman said his hedge fund Pershing Square has taken a passive position in Nike stock that has already netted a 30% return. This is just more positive momentum for NKE, which sports a year-to-date advance of 9.2% an...Read More

Shares of coffee chain Starbucks Corporation (NASDAQ:SBUX) are trading lower in early market action, after the company reported lower-than-expected fiscal first-quarter earnings. It also gave a tepid outlook for 2018, while executives added they're still evaluating how the tax law will affect the business. At last check, Starbucks stock was trading down 4.7% at $57.72, after receiving a slew of mi...Read More

Stock futures are pointed higher this morning, setting the major market indexes up to secure their fourth straight weekly win. Intel (INTC) stock is lifting Dow Jones Industrial Average (DJI) futures, thanks to a well-received earnings report. Investors are also digesting the advance reading on fourth-quarter gross domestic product (GDP), which showed economic growth of 2.6% -- smaller than the 3%...Read More