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

Transocean options are trading at three times the average intraday volumeOil and gas drilling company Transocean Ltd (NYSE:RIG) is taking a steep fall on the charts today -- alongside much of the energy sector -- pulling back after the Organization for Petroleum and Energy Countries' (OPEC) production cut announcement caused a Monday surge. RIG is down 13.3% to trade at $2.48 at last check, headin...Read More

Tesla shares breached the $1,000 threshold in intraday trading for the first time on Wednesday.Read full newsRead More

Silver Viper Minerals Corp. (theRead full newsRead More

Plus, HRL options are affordably pricedThe shares of Hormel Foods Corp (NYSE:HRL) nabbed a record high of $51.53 on march 18 while most of U.S. equities were selling off. Today, the company entered into an underwriting agreement according to the Securities and Exchange Commission (SEC), while Vice President James M. Splinter sold 40,000 shares of HRL, according to an SEC filing. As HRL continues...Read More

ZS' options can be had for a bargain at the momentWhile software name Zscaler Inc (NASDAQ:ZS) has taken a breather since its well-received earnings report sent it soaring to fresh highs earlier this month, there's plenty of evidence ZS is primed for another rally. For one, ZS' post-earnings bull gaps have often been followed by a brief pullback, plus, this most recent breather has found some suppo...Read More

A big drop for Boeing is dragging the blue-chip index lowerThe S&P 500 Index (SPX) has erased its earlier gains to join the Dow Jones Industrial Average (DJI) in the red this afternoon, as investors anticipate the latest economic update from the Federal Reserve due out latertoday. The blue-chip index is off over 200 points, dampened by Boeing's (BA) 6% midday deficit. Tech stocks, meanwhile, are...Read More

Als erste Umsetzung des Konjunkturpakets hat das Bundeskabinett nach Angaben der Regierung die lange umstritte Strategie zum Aufbau einer Wasserstoff-Industrie beschlossen. Damit will Deutschland weltweit die Nummer eins bei der Technologie werden....Read full newsRead More

ABBV hit an 18-month high out of the gate todayThe shares of biopharmaceutical company AbbVie Inc (NYSE:ABBV) are up 2.1% at $98.16 at last check, after announcing an oncology collaboration with Genmab (GMAB). The companies will work together to develop three of Genmab's bispecificantibodies, as well as a collaboration for future antibody therapeutics to treat cancer. AbbVie will pay Genmab $750...Read More

The hospitality giant is adding Luxor, Mandalay Bay, Four Seasons Las Vegas and ARIA to the list of open resortsThe shares of MGM Resorts International (NYSE: MGM) are down 4.5% at $21.04 this morning, after the hospitality giant announced it would open more resorts by July 1, including Luxor, Mandalay Bay, Four Seasons Las Vegas, and ARIA. Guests will be able to enjoy the pool areas and fine din...Read More

GameStop's first-quarter profits and revenue were worse than Wall Street expectedThe shares of GameStop Corp. (NYSE:GME) are exploring both sides of the breakeven this morning, last seen up 1% at $5.04, after reporting first-quarter losses of $1.61 on revenue of $1.02 billion -- both of which were well below Wall Street's estimates. Additionally, the video game retailer saw same-store sales fall...Read More

Best Buy will bring back over 9,000 of its workers who were furloughed in mid-AprilTech retailer Best Buy Co Inc (NYSE:BBY) announced last night that starting June 15, customers will be able to shop in 800 of its locations without an appointment, though a limited number of people will now be let inside. The company also said it planned on bringing back over 9,000 of its employees who have been fur...Read More

Tech stocks are building on Tuesday blistering run higherFutures on the Dow Jones Industrial Average (DJI) are slowly climbing above fair value this morning, as investors await the Federal Reserve's update and subsequent press conference from Fed Chair Jerome Powell later this afternoon. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also hovering in the black ahead of the open, with t...Read More

HighlightsLower Zone discovery: 10 meters of 3.9 g/t gold starting at 237 meters in FG-20-369 including:1.0 meter of 33.9 g/t at 239.0 metersHole FG-20-368 hit 10 meters of 0.8 g/t at 185 meters in same zoneNew Lower Zone thickness remains openUpper Zone intercept: 32.0 meters of 3.0 g/t gold starting at 22.0 meters in FG-20-369 including:1.0 meter of 42.5 g/t at 29.0 metersLarge diameter, o...Read More

Nasdaq returns are typically bullish after V-bottomsThis Monday, the Nasdaq Composite (IXIC) reached a new all-time high, completing the V-Bottom. Looking at the chart below, it is clear how the V-Bottom got its name - the sharp fall and quick recovery resembles a V on the chart. As I often do, this week I will be looking at past occurrences of V-Bottoms to see how it has performed going forward....Read More

Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More

In this video, Mining Journal talks with Grosskopf about its New York dual listing, junior mining investing, the all-important strategy and the firm's precious metals product range. Highlights include:Sprott Inc"We see ourselves as almost a royalty company-like profit earner in the sector. We pay a strong dividend and we have good margins. … The adoption curve of having gold become a mainst...Read More

Tribeca was one of a syndicate of lenders supporting the Kentucky-focused coal miner, which filed for bankruptcy protection in February to facilitate the sale of the operating Poplar Grove mine, partRead More

(IDEX Online) - De Beers reportedly sold just $35m of rough diamonds at it May Sight, with demand decimated by coronavirus. The equivalent sale last year brought in $416m. The May figure for Sight 4 was disclosed to news website Bloomsberg by a well-placed source but has not been confirmed by De Beers.It did not announce the figure, as would be normal practice.The company is currently adoptin...Read More

(IDEX Online) - Alrosa's rough and polished sales showed some signs of recovery in May, after a disastrous April. They were, however, a mere fraction of its pre-COVID-19 figures. The Russian state-owned miner sold a total of $40.1m worth of diamonds in May, compared with $15.6m in April, which felt the full force of lockdown. By comparison, total sales in January, before the pandemic hit, wer...Read More

(IDEX Online) - Signet, the world's largest retailer of diamond jewelry is to close more than one in 10 of its 3,200 stores after reporting Q1 total operating losses of $291m.Most of its retail outlets closed during lockdown and almost two thirds have yet to re-open.It says that to emerge as a "stronger and more efficient organization" from the pandemic it will have to close more than 380 sto...Read More