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

Greek protesters rally against IMF and EU inspection. Anti-austerity demonstrators jeer, heckle and throw coins at auditors from bailout troika amid fears of more public sector cuts … Only hours before, the Greek prime minister, Antonis Samaras, had resolutely declared that Greece was not at war with the international bodies keeping the debt-stricken country afloat. But on Tuesday, inspector...Read More

Private Equity Played Large Role In Rush Of Initial Public Offerings (IPO) So Far In 2013 … Initial public offerings (IPO) in the United States have taken off this year, with October seeing the most IPOs since 2007, as 33 companies raised more than $12 billion, the Wall Street Journal reported Monday. – International Business TimesDominant Social Theme: Ain't capitalism grand?Free-...Read More

Greek protesters rally against IMF and EU inspection. Anti-austerity demonstrators jeer, heckle and throw coins at auditors from bailout troika amid fears of more public sector cuts … Only hours before, the Greek prime minister, Antonis Samaras, had resolutely declared that Greece was not at war with the international bodies keeping the debt-stricken country afloat. But on Tuesday, inspector...Read More

Gold Bug Schiff Counters Goldman on First Drop Since 2000 … Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold. He shows off $50 gold chips, to be used when paper money becomes worthless, a prediction repeated on his daily two-hour radio show b...Read More

Twitter Raises IPO Price Range, Looks To Sell Shares For $23-$25 … Twitter's roadshow must be going pretty well. The social network has been pitching its forthcoming initial public offering to institutional investors over the last week-plus and raised the price range for the deal Monday morning according to an updated SEC filing. Twitter now aims to sell shares for between $23 and $25 ap...Read More

Gold Bug Schiff Counters Goldman on First Drop Since 2000 … Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold. He shows off $50 gold chips, to be used when paper money becomes worthless, a prediction repeated on his daily two-hour radio show b...Read More

Twitter Raises IPO Price Range, Looks To Sell Shares For $23-$25 … Twitter's roadshow must be going pretty well. The social network has been pitching its forthcoming initial public offering to institutional investors over the last week-plus and raised the price range for the deal Monday morning according to an updated SEC filing. Twitter now aims to sell shares for between $23 and $25 ap...Read More

In Alabama Race, a Test of Business Efforts to Derail Tea … With only days to go before a special Republican primary runoff for Congress here in South Alabama, the national business lobby is going all in … In the first test of its post-government-shutdown effort to derail Tea Party candidates, the U.S. Chamber of Commerce put on a rally on Tuesday in the warehouse of an aluminum plant...Read More

International panel's leaked report predicts more illness, war, disease with global warming … Starvation, poverty, flooding, heat waves, droughts, war and disease already lead to human tragedies. They're likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report forecasts. The Nobel Peace Prize-winning Intergovernmental Pane...Read More

In Alabama Race, a Test of Business Efforts to Derail Tea … With only days to go before a special Republican primary runoff for Congress here in South Alabama, the national business lobby is going all in … In the first test of its post-government-shutdown effort to derail Tea Party candidates, the U.S. Chamber of Commerce put on a rally on Tuesday in the warehouse of an aluminum plant...Read More

International panel's leaked report predicts more illness, war, disease with global warming … Starvation, poverty, flooding, heat waves, droughts, war and disease already lead to human tragedies. They're likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report forecasts. The Nobel Peace Prize-winning Intergovernmental Pane...Read More

Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More

Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...Read More

Gross Says America's Privileged 1% Should Pay Higher Taxes … Bill Gross said that wealthy Americans, having reaped the benefits of favorable tax treatment, should be willing to pay a greater share to bolster the prospects of the working class. "If you're in the privileged 1 percent, you should be paddling right alongside and willing to support higher taxes on carried interest, a...Read More

Swiss bank bailout turned poison into profit … When the final chapter of the UBS bailout closes in November, the bank accounts will show tax payers, ordinary account holders and small businesses as the chief beneficiaries. It's been a success story that's proven difficult to repeat elsewhere in the world. Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the gove...Read More

JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More

Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More

JP Morgan sees 'most extreme excess' of global liquidity ever … If you think there is far too much money sloshing through the global financial system and causing unstable asset booms, you are not alone. A new report by JP Morgan says the bank's measure of excess global money supply has reached an all-time high. "The current episode of excess liquidity, which began in May 201...Read More

Are conspiracy theories destroying democracy? The more information we have about what governments and corporations are up to the less we seem to trust them. Will conspiracy theories eventually destroy democracy? What if I told you I had conclusive proof that the moon landings were faked, but I had been told to keep it under wraps by my BBC bosses acting under orders from the CIA, NSA and MI6. Most...Read More

Cameron Announces U.K. Plans for Debut Issue of Islamic Gilts … Minister David Cameron said the U.K. plans to become the first country outside the Muslim world to sell a Shariah-compliant bond as soon as next year. Cameron laid out his government's intentions in a speech to the World Islamic Economic Forum in London. The Islamic bonds, known as sukuk, would be valued at about 200 million...Read More