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
ANKARA, Jan 19 (Reuters) - Gold imports to Turkey hit a record 370 tonnes in 2017, more than trebling from 106.1 tonnes, data from Borsa Istanbul showed.This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 tonnes set in 2013.Imports in December alone reached 49.3 tonnes, up 34 percent year on year.Cagdas Kucukemiroglu, an Istanbu...Read More
BENGALURU/MUMBAI, Jan 19 (Reuters) - Gold demand in China firmed this week as retailers stocked up ahead of the Chinese New Year while price discounts widened in India, partly on expectations of a reduction in import duty in next month's budget.Spot gold prices, up by more than 5 percent in the past month, rose on Friday, helped by a weaker dollar amid worries about a possible U.S. government shut...Read More
Earnings season is officially in full swing, with next week featuring off some high-profile names of its own. Among those slated to report is streaming giant Netflix, Inc. (NASDAQ:NFLX), which is scheduled to unveil its fourth-quarter earnings after the stock market closes on Monday, Jan. 22. Ahead of the event, NFLX stock this morning received price-target hikes from Rosenblatt to $265 from $225,...Read More
The U.S. stock market is mixed, as the Senate shows no signs of passing a budget agreement to avoid a government shutdown. Though the CBOE Volatility (VIX) is lower, non-cyclical consumer goods stocks are seeing notable buying, and gold futures are on the rise -- hinting at strong demand for "safer" assets. One bright spot has been the retail sector, led by strong gains from blue chip Nike (NKE),...Read More
The world's leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing investors to return. Good operating results from the major gold miners in their upcoming Q4'17 earnings season could prove the catalys...Read More
On Thursday, Facebook Inc (NASDAQ:FB) snapped its six-session losing streak -- its longest since December 2016. This negative price action came after FB stock topped out at a record high of $188.90 on Jan. 8, and was exacerbated by a rare downgrade following news of changes to the company's News Feed. However, the equity is now stabilizing above a key trendline.Specifically, FB is currently tradin...Read More
Jack Dorsey's portfolio is in focus today, after Square Inc (NYSE:SQ) and Twitter Inc (NYSE:TWTR) both received some bullish brokerage attention. Here's a quick look at the analyst notes issued for shares of SQ and TWTR, and how the stocks are reacting.Nomura Instinet Eyes Another 'Phenomenal' Year for SQNomura Instinet raised its price target on Square stock by $16 to $64 -- the highest on Wall S...Read More
Technology powerhouse IBM Corp. (NYSE:IBM) is trading lower, as a disappointing full-year forecast overshadows the company's first rise in revenue in 23 quarters. In response, the tech stock has received mixed analyst attention. Of note, brokerage firm Deutsche Bank raised its price target to $160 from $150, while RBC cut its price target to $180 from $183. The Dow stock was trading 2.4% lower at...Read More
Sirius XM Holdings Inc. (NASDAQ:SIRI) and Nvidia Corporation (NASDAQ:NVDA) stocks have both been winners in recent years, andare again gaining today following bullish brokerage attention. Below we'll take a closer look at shares of SIRI and NVDA after the analyst notes. Deutsche Bullish On SIRI StockShares of Sirius XM are trading up 1.8% at $5.57, after Deutsche Bank upgraded the stock to "buy"...Read More
The shares of Overstock.com Inc (NASDAQ:OSTK) are pointed 4.2% higher in pre-market trading, amid reports that Kroger Co (NYSE:KR) could be interested in buying the e-commerce concern. However, even without the M&A speculation, OSTK shares -- which have moved in step with blockchain stocks recently -- could be sending up a "buy" signal, if past is prologue.The shares recently pulled back to within...Read More
Ex-Massey Energy CEO Don Blankenship, who served a one-year prison term on charges related to the deadliest US mine disaster, is now officially running for the U.S. Senate in West Virginia.Blankenship kicked off his campaign Thursday night with a town hall meeting for voters in which he vowed to support President Donald Trump's pro-coal stance with "actions."Blankenship kicked off his campaign Thu...Read More
After staging a sharp reversal from record highs on Thursday, the Dow Jones Industrial Average (DJI) is signaling a negative start to the trading session. All odds seem stacked against the blue-chip index today, with Dow stocks American Express (AXP) and IBM (IBM) set for post-earnings slumps. And while the House passed a short-term funding bill last night, the stopgap measure still has to clear t...Read More
Canada's RosCan Minerals Corporation (TSXV: ROS) announced this week that as it explores for gold potential at the Dormaa Project in Ghana, it is also assembling a sizeable contiguous land package in the gold prospective Birimian rocks of western Mali.In a press release, RosCan explained that it has entered into a Letter of Intent with Touba Mining SARL to acquire a 100% interest in the 56 sq. km....Read More
Shares in GoldStone Resources (LON:GRL) jumped Friday after the gold miner announced it had began a project to potentially reopen the Akrokeri mine in Ghana, which has been shuttered for over a century.The old underground mine is located within the Akrokeri prospecting licence held by GoldStone, about 1.5 km south of two proposed pits. It was shut down in 1909, due to a high inflow of water.In t...Read More
Gold Mining Stock Outlook - January 2018Read full newsRead More
Advanced Micro Devices Inc. shares rose Thursday after one analyst said the chip maker is probably benefiting more from cryptocurrency mining-related sales than it is letting on.Read full newsRead More
In order to promote the upcoming film 'Phantom Thread', writer/director Paul Thomas Anderson participated in a far-reaching and insightful AMA.Read full newsRead More
Sudan Gold Coin (SGC Token), is among few Cryptocurrency that is backed by real physical assets.Read full newsRead More
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Gold Mining Stock Outlook - January 2018Read full newsRead More