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
U.S. stocks have done it again, extending their quest for record highs. Well-received bank earnings drove stocks higher, led by JPMorgan Chase (JPM). In addition, traders applauded solid retail sales data, with holiday spending surging by the most since 2005, according to the National Retail Federation. Against this backdrop, the Dow enjoyed a second straight gain of more than 200 points, and has...Read More
Investors are betting there's more to come from commodities after a surge in industrial metals and oil prices.Read full newsRead More
While the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all got a taste of defeat this week, with the Dow suffering -- gasp! -- two losing sessions, U.S. stocks once again cruised to an impressive weekly win and fresh record highs, extending their historic start to the year. There was again some Trump-related turbulence, with reports suggesting the president...Read More
The U.S. stock market is looking to end the week strong, thanks to this morning's big bank earnings. Among other names making volatile moves are retail stocks Amazon.com, Inc. (NASDAQ:AMZN), Etsy Inc (NASDAQ:ETSY), and Kohl's Corporation (NYSE:KSS). Here's a quick roundup of what's moving the shares of AMZN, ETSY, and KSS.Amazon Stock Heads Toward Longest Win Streak Since MayIt's been a record-set...Read More
Demand for energy has got commodities off to a bullish start in the first full trading week of 2018. A weaker dollar and increased focus on inflation together with geopolitical risks were some of the main drivers of a strong beginning to the year for crude oil and gold. Correction risks lurk, however, with oil potentially at riskRead full newsRead More
Macarthur Minerals Limited (TSXV:MMS) is pleased to provide an update to shareholders to highlight a very active year during 2017 with the development of its lithium and gold tenement and claims portfolio within the very prospective regions of the Pilbara (Western Australia) and Railroad Valley (Nevada, USA).Read full newsRead More
The iShares Transportation Average ETF (IYT) has been among the best exchange-traded funds (ETF) in the first quarter, historically. Over the past 10 years, the fund has ended the quarter higher 70% of the time, averaging a healthy gain of 5.02% -- the best of all ETFs we track. The IYT is exceeding its reputation so far in 2018, too, up 9% and just off a record highs, with help from a solid week...Read More
Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.32%...Read More
Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.30%...Read More
Image: GlencoreZinc hit fresh highs above $3,400 a tonne on Friday, the best level since August 2007 as supply worries intensify and the base metal complex finds support from a robust outlook for global growth."From the macro point of view, this is not an environment where you'd want to be shorting metals," Michael Widmer, head of metals research at Bank of America Merrill Lynch, told Bloomberg Ne...Read More
Although bitcoin (BTC)came to the surface nearly a decade ago, the digital currency really burst into the mainstream in late 2017. The fresh surge in demand was evident when bitcoin futures began trading on Cboe Global Markets (CBOE) and CME Group (CME) exchanges, the former of which experienced website outages amid crazy volume. Below we will take a deeper look into the volatile cryptocurrency w...Read More
Spearmint Resources Inc. (TSXV:SRJ) (OTCBB: SPMTF) (FSE: A2AHL5) ('SRJ' or the 'Company') wishes to announce that it has closed the acquisition and now owns 100 percent of the WHY WEST Magnesium project near Rossland, BC, and the BUDDY claims in the Golden Triangle of BC.Read full newsRead More
He's "like, really smart."Read full newsRead More
The world simply can't get enough lithium to feed its electric vehicle demand, and China in particular is leading the pack.Read full newsRead More
The world's mining sector is firing on all cylinders again, and one of it's biggest investors can't wait to get paid.Read full newsRead More
Earnings season is upon us, and Dow component UnitedHealth Group Inc (NYSE:UNH) is set to report fourth-quarter earnings next Tuesday before the open. Below, we will break down UnitedHealth's upbeat earnings history, as well as some other "buy" signals that have cropped up lately for the Dow stock.UNH stock has moved higher the day after seven of its last eight earnings releases, including a 5.5%...Read More
Bank earnings are in focus today, and financial institution Citigroup Inc. (NYSE:C) is expected to report its fourth-quarter earnings before the markets open on Tuesday, Jan. 16. Below, we will dig deeper into how the stock has been faring ahead of its highly anticipated report, and why C options can still be had at a bargain.C stock has had a stellar year, picking up more than 28% over the past...Read More
China continues to gobble up the world's commodities, setting new records for consumption of everything from crude oil to soybeans.Read full newsRead More
As a general rule, the most successful man in life is the man who has the best informationaheadoftheherd.comIn the 1800's the United States under President James Monroe invoked the Monroe Doctrine, which stated that any effort by European nations to control any independent state in North or South America would be viewed as "an unfriendly disposition towards the United States."The intent of the Mon...Read More
As a general rule, the most successful man in life is the man who has the best informationaheadoftheherd.comIn the 1800's the United States under President James Monroe invoked the Monroe Doctrine, which stated that any effort by European nations to control any independent state in North or South America would be viewed as "an unfriendly disposition towards the United States."The intent of the Mon...Read More