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
One stock on the move today is CME Group Inc (NASDAQ:CME), after the exchange operator said it will launch bitcoin futures beginning on Monday, Dec. 18. This much-anticipated development paves the way for bitcoin ETFs and other cryptocurrency derivatives.CME stock is up 1.2% at $151.27 in morning trading, and earlier set an all-time high of $152.14. CME is now up more than 31% on the year, and ha...Read More
Last night, VMware, Inc. (NYSE:VMW) reported third-quarter adjusted earnings of $1.34 per share on $1.98 billion in revenue. This came in above the consensus forecast for a per-share profit of $1.27 on $1.96 billion in revenue. The virtualization firm also said licensing revenue came in at a stronger-than-expected $785 million.The results were met with an onslaught of upbeat analyst attention. BMO...Read More
FedEx Corporation (NYSE:FDX) has been a solid performer in 2017. Analysts are starting to take notice too, with the global delivery service stock subject to upbeat analyst attention today. Here's a quick look at FDX stock, and how options traders are playing the equity.Earlier today, FDX received a price-target hike to $265 from $245 at BMO. Echoing this sentiment, analysts at Barclays see "plen...Read More
U.S. stock futures are signaling a mixed open, as investors consider the chances of a Senate vote on tax reform today. Buzz surroundingRepublicans' tax proposal sent the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) to record highs yesterday, but Senate Majority Leader Mitch McConnell postponed a vote on the measure. The economic schedule will also draw attention, since it features a...Read More
Bank stocks helped boost the Dow Jones Industrial Average (DJIA) to another big win today -- and past 24,000 -- after Republican Senator John McCain of Arizona signaled his support for the GOP tax plan. While Goldman Sachs (GS) was near the top of the Dow, big-cap oil stocks Chevron (CVX) and Exxon Mobil (XOM) weren't far behind, as energy shares got a lift on news the Organization of the Petroleu...Read More
Earlier this week, we highlighted the 25 worst stocks in December, looking at data from the last 10 years. While some stocks on that list may be targeted by short sellers looking for history to repeat,there are obvious downsides to selling a stock short. Namely, you have to borrow shares from a broker. However, a synthetic short options strategy allows you to simulate the risk/reward of an actual...Read More
I've tried my best to stay away from bitcoin (BTC) mania, but it's everywhere, pervading the financial news landscape more and more each day. One day there are headlines about the cryptocurrency rising 50%, the next it's falling 20%. At last glance, it was trading at $9,685.52, just a day after hitting an all-time high of $11,395. Throughout it all, bitcoin and its peers have attracted critics and...Read More
Subscribers to Schaeffer's Weekend Trader Series service recently doubled their money on our Dollar Tree, Inc. (NASDAQ:DLTR) February 87.50 call recommendation. Here's a closer look at what had DLTR stock on our bullish radar, and how the options trade we recommended on Sunday, Oct. 15, unfolded.Despite getting downgraded on Friday, Oct. 13, Dollar Tree stock closed the session up at $91.50, after...Read More
The Dow Jones Industrial Average (DJIA) is set to wrap up an eighth straight monthly win, which would mark its longest monthly win streak in more than 20 years. The index today climbed north of the 24,000 level for the first time ever, and is on pace to end the week with a healthy gain of more than 2.5%. However, while the Nasdaq Composite (IXIC) is in rally mode today, the tech-rich index suffere...Read More
Stocks are trading higher this afternoon, as anticipation continues to build ahead of a tax vote taking place in the Senate today. Among the names making big moves are medical device stock BioTelemetry, Inc. (NASDAQ:BEAT), clothing retailer Tilly's, Inc. (NYSE:TLYS), and bookstore chain Barnes & Noble, Inc. (NYSE:BKE). Here's a quick look at what's moving shares of BEAT, TLYS, and BKS.BEAT is Mak...Read More
Call options are hot on Facebook Inc (NASDAQ:FB) today, as the FAANG stock bounces back from yesterday's tech sector selloff. At last check, roughly 54,000 calls were on the tape, or 1.4 times what's typically seen at this point in the day, with FB shares up 0.9% to trade at $176.64. And if past is precedent, the equity could take an even bigger bounce into the new year.Most of today's action so f...Read More
The U.S. stock market is booming today, with the Dow Jones Industrial Average (DJIA) pushing through the 24,000 level for the first time ever to hit record highs. The S&P 500 Index (SPX) also touched an all-time best -- set for its longest monthly winning streak in a decade -- while the Nasdaq Composite (IXIC) is attempting to recover from yesterday's huge tech selloff. Buzz is building ahead of a...Read More
E-commerce platform Square Inc (NYSE:SQ) has had an exceptional year, most recently generating buzz for its ventures into bitcoin, which only added to the shares' impressive performance in 2017. However, following Wednesday's sector-wide selloff in tech stocks, the shares pulled back to a trendline that has had historically bullish implications. Below, we will take a look at this potential buy...Read More
Analysts are weighing in gold stock Barrick Gold Corp (NYSE:ABX), software developer Workday Inc (NASDAQ:WDAY), and burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG). Here's a quick roundup of today's bearish brokerage notes on shares of ABX, WDAY, and CMG.Barrick Gold Stock Downgraded to "Sell" at CitigroupBarrick Gold stock is down 3.2% to trade at $13.59 -- fresh off a new annual low of $1...Read More
U.S. stocks are trading higher this morning, thanks to rebounding tech stocks and anticipation over a possible tax reform vote hitting the Senate floor this afternoon. Three stocks making notable moves today are big-time retailer Sears Holdings Corp (NASDAQ:SHLD), supermarket chain Kroger Co (NYSE:KR), and networking concern Juniper Networks, Inc. (NYSE:JNPR). Here's a closer look at what's movi...Read More
Analysts are weighing in on e-commerce titan Amazon.com, Inc. (NASDAQ:AMZN), social media stock Twitter Inc (NYSE:TWTR), and streaming content provider Netflix, Inc. (NASDAQ:NFLX). Here's what's moving shares of AMAZN, TWTR, and NFLX. AMZN Stock Bounces Back After Bull NoteAmazon stock is again receiving bullish analyst attention, as this morning Deutsche Bank raised its price target to $1,425 fro...Read More
Dow Jones Industrial Average (DJIA) futures are higher this morning, after the index enjoyed another record-setting session yesterday. Now, the blue-chip index could take aim at the lofty 24,000 benchmark, and secure an eighth straight monthly win. S&P 500 Index (SPX) futures are also signaling a positive session, with the index set to extend its longest monthly winning streak since the financia...Read More
Palisade Research November 30, 2017 Category: Research For you to make outsized gains, you need to find great projects and the smart people who know how to run them. They aren't easy to come by... But once you find such a combination, you need to take advantage of it. And that is exactly what I'm going to share with you... Even EMX Royalty, one of the most successful prospect generators in the jun...Read More
Palisade Research November 30, 2017 Category: Research For you to make outsized gains, you need to find great projects and the smart people who know how to run them. They aren't easy to come by... But once you find such a combination, you need to take advantage of it. And that is exactly what I'm going to share with you... Even EMX Royalty, one of the most successful prospect generators in the jun...Read More
Palisade Research November 30, 2017 Category: Research For you to make outsized gains, you need to find great projects and the smart people who know how to run them. They aren't easy to come by... But once you find such a combination, you need to take advantage of it. And that is exactly what I'm going to share with you... Even EMX Royalty, one of the most successful prospect generators in the jun...Read More