It’s been a volatile week in the markets.On Monday, Aug. 5, the Dow Jones Industrial Average lost more than 1,000 points, and the S&P 500 dropped 3%, resulting in the worst day for both indexes since September 2022. The sell-off was blamed on factors ranging from worries about the economy and the slow response from the Federal Reserve, regarding interest rate cuts, to the unwind of...Read More
A “Minsky Moment” refers to a point in time when a period of bullish speculation leads to a spectacular market crash.Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets. “Minsky held that, over a prolonged period of prosperity, investors take on more and more risk, until lending exceeds what borrowers can pay off from their inco...Read More
The macro setup for gold stocks is evolving into something that will surprise many after decades of poor fundamentalsI don’t make a habit of pumping the most frustrating stock sector on the planet just for the sake of it. I have made a habit of discussing why, since 2003, the macro market backdrop has been adversarial to gold stocks much more often than not. By extension, internal indicators...Read More
The gold miners willsoon report what will almost certainly prove their best quarter ever. Mostly due to Q2’s record-shattering goldprices, gold miners’ earnings should soar off the charts. Those will be further boosted by slightly-lowermining costs many of these companies are predicting. With such incredibly-strong fundamentals,more professional fund managers should s...Read More
The PCE Index statisticswere released today, and you might wonder what impact they will have on theprice of gold.Let’s dig in.One might think that PCE is a criticaldriver of gold prices (and thus, you might be concerned with what the number isgoing to be), and there is some truth to it, but looking at how those reportshave indeed influenced gold price provides extra context to what...Read More
The gold miners’ stocks have been grinding lower for a month now, sapping traders’ enthusiasm.But this is par for the gold-summer-doldrums course, what typically happens in June.This sentiment-rebalancing drift is quite bullish for this high-potential sector, reloading it for another strong surge higher.With their probable mid-summer bottoming nearing, traders have a mid-upleg opportun...Read More
For details on how your data is used and stored, see our Privacy Notice. Demand for mined commodities exceeded pre-pandemic levels in 2021. Despite macro-economic headwinds over the next few years, growth seems assured and could be supercharged by a faster decarbonisation pathway. Supply constraints and disruptions continue and are likely to be exacerbated by economic sanctions on Russia...Read More
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Early 2022 has brought the most traumatic events in Kazakhstan’s 30 years of modern independence. Widespread protests and civil unrest led to unprecedented scenes of violence on the country’s streets. Especially in Almaty, the largest city. More than 225 lives have been lost.What began as peaceful demonstrations against a sharp increase in the price of LPG fuel in resource-ri...Read More
For details on how your data is used and stored, see our Privacy Notice. The road to zero carbon will see an extraordinary build out of low carbon electric vehicles (EVs) and renewable power generating capacity. And as the world reduces its dependence on hydrocarbons, metals will be a linchpin of a zero carbon economy. Copper – in the form of wire, cable and foil – will bind...Read More
This webinar is open to Wood Mackenzie clients with the following subscription ONLY:Asia Pacific Power ServiceAsia Pacific Renewables ServicePlease register with your business email if your company has access the subscription above. Successful registration is based on email domain detection. Feel free to contact angel.hang@woodmac.com or luis.catalan@woodmac.com if you have any questions or e...Read More
For details on how your data is used and stored, see our Privacy Notice. It’s a little over a year since the US Inflation Reduction Act was passed into law. Solar was one of the main beneficiaries, thanks to an extension and expansion of the tax credits available to the industry. So why has the sector fallen out of favour with investors recently?August was a difficult month for the...Read More
We stand at a pivotal moment for the metals that will be essential to the energy transition. Metals-intensive low-carbon electrification remains a significant demand driver for transition metals, but geopolitical tensions and a challenging fiscal environment mean net-zero policies are being rolled back.For copper, EV and grid-related growth will boost long-term demand, but short-term supply-demand...Read More
Both nickel and copper possess properties that give them a central role in the drive for a greener future. While demand from existing use cases will continue to grow steadily, electric vehicle (EV) and energy storage applications will underpin a huge increase in long-term demand.At the recent Future Facing Mined Commodities Forum, we looked at the importance of these two metals for the energy tran...Read More
The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.Our interactive copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.Fill out the fo...Read More
For details on how your data is used and stored, see our Privacy Notice. Metals and mining companies are starting to shake off the sector’s long-held dedication to capital discipline. In stark contrast to Big Oil corporates which are cutting budgets, Big Mining are upping investment with the goal of growing mine supply. James Whiteside, Head of Metals and Mining Research, analysed...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points at 8:30 AM EDT.General Electric Aerospace advanced $3.29 to $181.64 after reporting higher than consensus first quarter results. Medpace Holdings dropped $18.99 to $270.00 after lowering second quarter guidance. Halliburton dropped $0.92 to $21.00 after reporting a decline in first quarter revenues. Verizon d...Read More
Stagflation is a grim economic diagnosis. High inflation, stagnant growth, and elevated unemployment.The United States from 1972-1982 is the textbook case. Inflation raged as high as 14%, real economic growth was practically non-existent, and unemployment reached 9.7%.Now the threat of stagflation once again looms large. Inflation is set for a comeback, growth is slowing, and widespread layoffs ha...Read More
Mark your calendar for tomorrow, Wednesday, April 23, at 2pm Eastern Time for a live broadcast from Jekyll Island, Georgia, where the U.S. Federal Reserve was conceived. Tune in, at no cost to you.Paradigm Press Group is hosting a special, online, subscribers-only event at ground zero of the U.S. dollar as we know it (yes, "as we know it" because it used to be something very different). We'll come...Read More
Pro Investor David Erfle describes how western investors have finally rediscovered gold and gold stocks. He shares why silver ...Read More