Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the market and reviews updates at two companies on his list.USD index futures are down 0.80% to 106.960, with the 10-year yield up 0.07% to 4.528% and the 30-year up 0.28% to 4.739%.Gold (+0.17%), silver (+0.3.85%), and oil (+0.87%) are higher, but copper (-0.18%) is lower.Stock futures are lower, with the DJIA (-0....Read More
Technical Analyst Clive Maund explains why he thinks Silver North Resources Ltd. (SNAG:TSX; TARSF: OTCQB) is a Strong Buy.Even though the price of Silver North Resources Ltd.'s (SNAG:TSX; TARSF: OTCQB) stock is about the same as when we last looked at it late in October and the silver price is slightly lower than it was back then, technically the outlook for both is considerably improved with both...Read More
This gold bull’s latestupleg has proven mighty, surging to many new nominal record highs. Amazingly gold’s massive gains have accrueddespite no demand from one of its primary drivers. That’s differential gold-ETF-share buying byAmerican stock investors. Enthralled bythe AI stock bubble, those guys have been missing-in-action. When they finally return, gold...Read More
Copper is definitely the mostimportant industrial metal out there.Freeport-McMoRanReflects Market TrendsIn the entire commodity sector, onlycrude oil is more widely used. And given the increasing importance ofall-things-electronic, copper is unlikely to be forgotten anytime soon. Thisdoesn’t mean that the only way in which its price can move is up (far from it),but it does indicate that this...Read More
So, the GDXJ plunged about 5%yesterday, and it refused to get back up, even though goldprice did. Continuationof GDXJ Decline LikelyWhat a demonstration of weakness!After the vertical plunge, the GDXJsimply paused. This simply confirms what I wrote previously – that this is NOTthe end of the decline, it’s just an acceleration in it.My yesterday’s comments on the likelyh...Read More
No amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. Investors should ignore the siren song of gold mining shares.At their highs last week, gold stocks had increased eighty percent from their lows just two ye...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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As the richest nation and the world’s largest economy, it is hardly a surprise that the United States holds the most gold.What is surprising is where the gold isn’t: the United States Federal Reserve, known colloquially as the central bank.Mainstream media dutifully reports that the American central bank is number one out of the top 10 gold depositories in the world. Its 8,133 metric t...Read More
Industrial demand for silver has been surging in recent years. Solar panel manufacturers were largely behind the 11% jump in demand for 2023 versus the prior year. Forecasters predict another 9% jump this year.For silver investors, however, the future of demand from manufacturers may be even brighter than the recent past.The solar industry has been behind much of the growing appetite for silver. D...Read More
The mid-tier and juniorgold miners in this sector’s sweet spot for upside potential just finishedreporting truly-spectacular quarterly results. Fueled by dazzling record gold prices and lower mining costs, smallergold miners’ unit earnings skyrocketed to their highest levels ever. Those incredibly-rich profits have left mid-tierseven more undervalued relative to prevailing g...Read More
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
The basis for analysis and forecasting at Elliott Wave International is fundamentally different from everyone else's.Here's a prime example in gold.This excerpt is from the March Elliott Wave Financial Forecast, when gold was trading below $2,050/oz. Gold's three-month implied volatility has declined to its lowest level in over four years. While low volatility is not a short term timing tool, low...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
The major gold minersjust reported their best quarterly results ever! Record gold prices combined with lower miningcosts catapulted unit earnings to dazzling new records. Yet despite exploding profitability, goldstocks continue to lag gold’s mighty upleg. This anomaly won’t last, as investors increasingly realize how seriouslyundervalued this sector remains. Ther...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
Canwe save the dollar before central banking kills it?Ourdeficits are now stuck at 8% of GDP — unprecedented in peacetime. And ournational debt just hit $35 trillion — unprecedented in the history of man.Eventhe central bankers realize that this isn't sustainable. That we are coming tothe day our paper money utopia crumbles.Historically,from Song Dynasty China to Weimar Germany, when p...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