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
Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due pro...Read More
If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed at a 7-month low today, Gold is lagging a bit. Moreover, both Silver and the gold miners have not confi...Read More
Gold prices scored a second-straight session of gains Monday, holding ground at a six-week high as global markets absorbed weekend terrorist attacks in London and investors awaited the outcome of the European Central Bank meeting and U.K. general election later this week. August gold GCQ7, +0.08% rose $2.50, or 0.2%, to settle at $1,282.70 an ounce-the highest since April 21, according to FactSet...Read More
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world's largest economy remains stuck around the 1% level."Following the notion of mean reversion, we should be seeing attractive investment opportunities"In contrast the S&P GSCI All Commodities index is flat so far in 2017 although prices for energy, m...Read More
A first look at DeepGreen Resources, a seafloor mining startup partnered with Glencore, Maersk, and Fiore Group to disrupt the metals industry and defend the environment. Growing up on his family's dairy farm in Queensland, Australia, Gerard Barron developed a work ethic that has helped him realize success in diverse industries. Barron has built and sold successful ventures in the finance, publi...Read More
Decline, Deterioration, and Bear WarningsBy Dennis SlothowerWritten Saturday, June 3, 2017Trump Rejects Climate PactThe stock market responded favorably to the President's announcement that the United States will be pulling out of the Paris Climate Pact that benefits countries like China and India at the expense of the U.S.Whether you agree or disagree with the President's decision, the financial...Read More
Where Will The Big Money Be Made? There are some conclusions here we do not agree with. But SRSrocco does fine work, and since we are in data intake mode ourselves, all ideas must be noted, and many of the ones here are good. Notably the energy costs for mining these crpyto's and how that affects their scalability. One other thing, the author is on board identifying that these are not 'safety...Read More
Muddy Waters is using outdated information and "dubious drone technology" as the basis for its decision to short Asanko Gold Inc.'s stock, with the sole goal of trying to make the shares worthless, the Canadian miner's chief executive officer said.The activist short-seller Muddy Waters, founded by Carson Block, issued a report last week saying it was shorting Asanko, which it believes is "highly l...Read More
Assay results from the latest hole on the winter programme conducted at the W85 deposit have confirmed high-grade zinc and lead mineralisation with good continuity.The intercept was a 72m length grading 5.6% Zn and 1.8% Pb from 34.57m depth. Within this was a narrower 36.48m hit averaging 6.44% Zn and 2.37% Pb from the start of the hole.This hole, the second from Darnley Bay's C$5 million (US$3.7...Read More
Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More
Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More
Shares in Canada's Osisko Gold Royalties (TSX, NYSE:OR) jumped Monday following the company's decision to buy a precious metals portfolio from US private equity firm Orion Mine Finance Group for Cdn$1.13 billion (about $834 million).The portfolio consists of 74 royalties, streams and precious metal offtakes, and its acquisition will result in Osisko holding a total of 131 royalties and streams, in...Read More
Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More
Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More
With the purchase of North Bay's ProNorth Transportation in 2015, Titanium Transportation Group Inc. (TSX-V:TTR) is planning to step up and play a bigger role in the North Bay community. There has been stable progress over time with operations growing in size.An excerpt, as well as link to the full article can be found below.by Mike Anthony, The Nugget"We're ready to move forward and move upw...Read More
The Site C Energy Project in northern British Columbia. Source: BC HydroVancouver radio station CKNW has reported that British Columbia's NPD leader John Horgan wrote a letter to the president of BC Hydro asking them to stop work on the huge Site C Energy (dam) Project in northern BC.As of today (June 5), John Horgan is not even premier of the province, although he expects to be shortly when his a...Read More
Full Article: SWOT Analysis: Deutsche Bank Says Investors Should Prepare for Flight to GoldBy: Frank HolmesStrengthsThe best-performing precious metal for the week was palladium, up 4.18 percent. Bloomberg reports that rising automobile demand may be sending palladium futures toward the steepest rally since April 20.Bloomberg's weekly poll of traders and analysts show the trending heading toward...Read More
Investing.com - Gold prices rose to their highest level in around six weeks in European trade on Monday, as market players monitored mounting geopolitical tension in the Middle East as well as the fallout from the weekend terror attack in London.Comex gold futures rose to a session peak of $1,284.67 a troy ounce, a level not seen since April 20. It was last at $1,284.18 by 3:25AM ET (0725GMT), up...Read More