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

Edward Snowden revelations prompt … UN investigation into surveillance … UN's senior counter-terrorism official says revelations 'are at the very apex of public interest concerns' … The UN's senior counter-terrorism official is to launch an investigation into the surveillance powers of American and British intelligence agencies following Edward Snowden's revel...Read More

Fed unlikely to redraw markers for rate hike … Federal Reserve policymakers have cooled to the idea of explicitly raising the bar on future interest rate hikes, a sign the U.S. central bank is angling for a return to more subtle – and familiar – ways of explaining how it plans to steer the economy. The Fed, still struggling to boost the U.S. recovery from the Great Recession, rem...Read More

Edward Snowden revelations prompt … UN investigation into surveillance … UN's senior counter-terrorism official says revelations 'are at the very apex of public interest concerns' … The UN's senior counter-terrorism official is to launch an investigation into the surveillance powers of American and British intelligence agencies following Edward Snowden's revel...Read More

At the IMF Research Conference on November 8, 2013, former Treasury Secretary Larry Summers presented a plan to expand the con game. Summers says that it is not enough merely to give the banks interest free money. More should be done for the banks. Instead of being paid interest on their bank deposits, people should be penalized for keeping their money in banks instead of spending it. – Paul...Read More

Legendary investor Jim Rogers not only thinks Federal Reserve policy is incompetent, he thinks the entire institution should be eliminated. Asked by RT television network what he'd do if he was named chairman of the central bank, Rogers said, "I'd abolish the Federal Reserve, and then I'd resign." The world has survived just fine without central banks for most of its history,...Read More

At the IMF Research Conference on November 8, 2013, former Treasury Secretary Larry Summers presented a plan to expand the con game. Summers says that it is not enough merely to give the banks interest free money. More should be done for the banks. Instead of being paid interest on their bank deposits, people should be penalized for keeping their money in banks instead of spending it. – Paul...Read More

Legendary investor Jim Rogers not only thinks Federal Reserve policy is incompetent, he thinks the entire institution should be eliminated. Asked by RT television network what he'd do if he was named chairman of the central bank, Rogers said, "I'd abolish the Federal Reserve, and then I'd resign." The world has survived just fine without central banks for most of its history,...Read More

ECB warns of danger from Federal Reserve's policy shift US decision to scale back stimulus is a potential threat to euro zone economy, says European Central Bank … The ECB said the risks to the eurozone's financial system from outside the currency bloc had grown since May. – The Irish TimesDominant Social Theme: Central banks are not aligned. Chaos rises. A beast stalks Bethleh...Read More

Public-private partners at UN pledge to seek funding for sustainable energy for all … The United Nations and the World Bank today announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "...Read More

ECB warns of danger from Federal Reserve's policy shift US decision to scale back stimulus is a potential threat to euro zone economy, says European Central Bank … The ECB said the risks to the eurozone's financial system from outside the currency bloc had grown since May. – The Irish TimesDominant Social Theme: Central banks are not aligned. Chaos rises. A beast stalks Bethleh...Read More

Public-private partners at UN pledge to seek funding for sustainable energy for all … The United Nations and the World Bank today announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "...Read More

Richard Duncan: Fed Targeting 20,000 on the Dow … Richard Duncan—author, former specialist at the World Bank and consultant to the IMF—says the Federal Reserve plans to stimulate the stock market by 10-15% each year for the next two years. "My opinion is that credit growth will remain insufficient to drive economic growth and, therefore, the Fed is going to have to continue...Read More

NSA collected porn visits data to discredit Muslim 'radicalizers' … The National Security Agency has been collecting a mountain of dirt on the online sexual activity of individuals, all of them Muslims, whom the agency seeks to discredit due to their 'radicalizing' efforts. The expression 'all's fair in love and war' just took on a whole new meaning in the ongoing...Read More

Public-private partners at UN pledge to seek funding for sustainable energy for all … The United Nations and the World Bank today announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "...Read More

Richard Duncan: Fed Targeting 20,000 on the Dow … Richard Duncan—author, former specialist at the World Bank and consultant to the IMF—says the Federal Reserve plans to stimulate the stock market by 10-15% each year for the next two years. "My opinion is that credit growth will remain insufficient to drive economic growth and, therefore, the Fed is going to have to continue...Read More

NSA collected porn visits data to discredit Muslim 'radicalizers' … The National Security Agency has been collecting a mountain of dirt on the online sexual activity of individuals, all of them Muslims, whom the agency seeks to discredit due to their 'radicalizing' efforts. The expression 'all's fair in love and war' just took on a whole new meaning in the ongoing...Read More

Public-private partners at UN pledge to seek funding for sustainable energy for all … The United Nations and the World Bank today announced a concerted effort by governments, international agencies, civil society and the private sector to scale up efforts to provide sustainable energy to all, with Secretary-General Ban Ki-moon calling for massive new investments in the face of a rising "...Read More

Bank of England ratesetters hit back at critics of forward guidance … Mark Carney and Spencer Dale defend flagship policy, and say the economic recovery would be at risk if the Bank had not indicated how long it would keep interest rates low … In a robust defence of forward guidance – which pledges not to consider raising rates from their record low of 0.5pc until the jobless rat...Read More

China-Japan rearmament is Keynesian stimulus, if it doesn't go horribly wrong … Asia is on the cusp of a full-blown arms race. The escalating clash between China and almost all its neighbours in the Pacific has reached a threshold. All other economic issues at this point are becoming secondary. Beijing's implicit threat to shoot down any aircraft that fails to adhere to its new air c...Read More

Bank of England ratesetters hit back at critics of forward guidance … Mark Carney and Spencer Dale defend flagship policy, and say the economic recovery would be at risk if the Bank had not indicated how long it would keep interest rates low … In a robust defence of forward guidance – which pledges not to consider raising rates from their record low of 0.5pc until the jobless rat...Read More