Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.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.Coronavirus, supply disruptions, muted demand and the oil price plunge have sent shockwaves across the petrochemical industry. Year-on-year profits have been considerably reduced. So how is the industry handling the blow, and what does it mean for balance sheets, budgets and planned projects?Profit margins have been squeezedCo...Read More

Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.Both projections have been revised down 2% when compared to Wood Mackenzie's pre-coronavirus forecast, with the pandemic delaying total vehicle sales by two years.Responses to the pandemic from China and Europe have strongly...Read More

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.Wood Mackenzie senior consultant Lei Sun said: “Major crude oil importers such as China have been known to build their strategic reserves when prices are low, as seen in previous oil...Read More

BHP has made an all-share offer for Anglo American which valued the company at US$40.7 billion, conditional upon separate demergers by Anglo American by distribution of its entire shareholdings in Kumba and Anglo-American Platinum Limited to Anglo American shareholders. Anglo American’s board has unanimously rejected the proposal from BHP on the basis of valuation and uncertainty associated...Read More

'One thing I like about Argentina. They cook with salt. That's it.' Robert DuvallWell, you never know, do you?Recall that the Argentines introduced a "century bond' in 2017. At the time, we were not alone in considering it the 'dumbest investment in the world.'Who would lend the Argentines money for 100 years, we wondered? Statistically, the odds were that Argentina would default seven times befo...Read More

The US dollar banking system is in themidst of a bank run by the measures that I will illustrate here.Since the 1879 gold standard wasestablished in America, the US dollar could be directly redeemed for goldwithin the banking system. This continued even after the Federal Reserve wascreated and until it was ended for citizens in 1933.In such a system, the measure of actualgold held by the banking s...Read More

Silver has quietly had a strong start to 2025, with the price up 12.6 percent. However, it remains significantly underpriced compared to gold from a historical perspective with the gold-silver ratio still above 90-1. The gold-silver ratio tells you how many ounces of silver it takes to buy one ounce of gold given the current spot price of both metals.While industrial demand has a much bigger impac...Read More

The gold miners’ stock prices have largely decoupled from their metal, which overwhelmingly drives their profits.This fundamental disconnect has spawned a shocking valuation anomaly, with gold stocks far too low relative to gold.But this aberration won’t last, as markets abhor extreme deviations from precedent.Mean reversions and proportional overshoots soon follow, so gold stocks will...Read More

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

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

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

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

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

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

Growing US crude production – particularly in the midcontinent and Rockies regions – is upending traditional Gulf Coast pipeline routes.The result? An unprecedented great American oil pipeline build-out. The shale revolution has led to burgeoning pipeline takeaway access from the Permian basin. Last month, we discussed three reasons why the Permian’s future pipeline capacity won&...Read More

What does tight oil have in common with Facebook, Apple, Amazon, Netflix and Alphabet's Google stocks (known as FAANG stocks)? Answer: tight oil is arguably the upstream equivalent of these tech sector leaders. It's the hot investment play in the oil and gas index, it outperforms like mad, and it's been driving to distraction those that don't own any. Production has leapt from zero six years...Read More