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

PennantPark Floating Rate Capital yields 11.08% and just raised the monthly distribution by 5%. Read more to see our take on the PFLT BDC.Read full newsRead More

Chevron is a quality company, but it's overvalued, making it a poor long-term investment that'll struggle to generate returns. Read my analysis of CVX stock.Read full newsRead More

Western Digital is a multinational corporation that designs, produces, and distributes data storage products and services. Read my analysis of WDC stock.Read full newsRead More

Alpine Income Property Trust has provided solid returns for investors, especially those that bought after the selloff in 2020. Read my analysis of PINE REIT.Read full newsRead More

Real estate earnings season kicked into gear this past week with reports from 30 equity REITs and 8 mortgage REITs. Click here to read more.Read full newsRead More

VCLT ETF is launched and managed by The Vanguard Group. See why I think the upside potential far outweighs probability of another round of sizable losses in '23.Read full newsRead More

AstraZeneca's stock might have sagged in January, but it got a boost recently after its 2022 earnings release. Click here to read why I'd buy AZN.Read full newsRead More

The following slide deck was published by Topgolf Callaway Brands Corp.Read full newsRead More

The following slide deck was published by Sonoco Products Company in conjunction with their 2023 Q4 earnings call.Read full newsRead More

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. Click here to read my analysis of SJM stock.Read full newsRead More

BRT Apartments is building an attractive portfolio of multi-family properties, broadly concentrated in Sun Belt states. Read my analysis of BRT stock.Read full newsRead More

Occidental is an oil-levered multinational organization whose principal business segments are oil & gas and chemicals. See what makes OXY stock a buy.Read full newsRead More

Tokyo Electron Limited (OTCPK:TOELF) Q3 2023 Earnings Conference Call February 9, 2023 3:30 AM ETCompany ParticipantsKoichi Yatsuda - Vice President of Investor RelationsHiroshi Kawamoto -...Read full newsRead More

Red Light Holland CEO Todd Shapiro talks recreational approach to psilocybin and focus on near-term revenue - a rarity in the space. Look at psychedelic companies' run rates.Read full newsRead More

MXI invests in global materials companies and it is undervalued based on a sub-consensus earnings forecast. See why I'm bullish on the fund.Read full newsRead More

UniFirst is a producer of uniforms and protective gear, as well as ancillary services like cleaning and personalization. Read my analysis of UNF stock.Read full newsRead More

The following slide deck was published by Tokyo Electron Limited in conjunction with their 2023 Q3 earnings call.Read full newsRead More

British American Tobacco pays shareholders a yield above 7%, indicating high risk. Read why I give a strong buy rating to BTI stock.Read full newsRead More

Whilst revenues have flatlined, Cresco Labs generated positive operating cash flows during its last earnings period. See why I'm neutral on the stock.Read full newsRead More

SK Telecom Co., Ltd. provides wireless telecommunication services in South Korea. Click here to read why I take a long-term bullish view on SKM stock.Read full newsRead More