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
Edwards Lifesciences is one of the best healthcare stocks to own in June, historicallyLast week, we looked at a list of the best performing S&P 500 stocks in June, going back 10 years, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Today, we'll be breaking down another name on the list, medical supply manufacturer Edwards Lifesciences Corp (NYSE:EW), which is also flashing a hist...Read More
DHR's options can be had for a bargain at the momentMedical technology provider Danaher Corporation (NYSE:DHR) has pulled back to its 40-day moving average, a historically bullish trendline. This area also happens to coincide with the 20% and year-to-date breakeven levels. So with the shares flagging in a cup-and-handle bullish pattern, and additional levels of support on the charts, there's reaso...Read More
Navistar's second-quarter earnings report is due out before Thursday's openThe shares Navistar International Corp (NYSE:NAV) are up 6.7%, to trade at $25.43 this afternoon,just ahead of the heavy machinery manufacturer's second-quarter earnings report, which is due out before Thursday's open. Below, we'll dig into how NAV has fared in the past, and see what post-earnings moves the options market...Read More
Stocks are picking up steam on this mornings' promising jobs reportThis morning's promising employment data is keeping the wind at stocks' backs today, with Dow Jones Industrial Average (DJI) up more than 400 points and reclaiming the 26,000 level. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also enjoying outsized gains, with the former vying for its biggest 50-day bounce in histo...Read More
LVMH was to acquire Tiffany & Co in a billion-dollar dealThe shares of Tiffany & Co (NYSE:TIF) are down 1.1% at $115.73, after reports that the $16.2 billion takeover of the jewelry brand by French luxury group Louis Vuitton SE (LVMH), is looking less certain. LVMH's board is concerned about a deteriorating situation in the U.S. market as well as Tiffany & Co's debt. However, Credit Suisse noted t...Read More
The trendy cosmetics company is in talks with reality TV star Kim Kardashian West over a line of beauty productsThe shares of Coty Inc. (NYSE: COTY) are up 6.5% at $4.47 this morning -- one of the best stocks on the New York Stock Exchange -- after the cosmetics company disclosed it is in talks with reality TV star Kim Kardashian West over a possible collaboration on a line of beauty products....Read More
UNH is fresh off a record high last ThursdayLast week, with the help of Schaeffer's Senior Quantitative Analyst Rocky White, we broke down the best S&P 500 stocks to own in June over the past 10 years. Just two Dow stocks made the list, the best being UnitedHealth Group Inc (NYSE:UNH), which is a welcome sign for a red-hot stock boasting a 22.8% quarterly gain.More specifically, looking back over...Read More
Campbell Soup's third-quarter profits and revenue were better than Wall Street expectedCampbell Soup Company (NYSE:CPB) threw its hat into the earnings ring this morning, reporting fiscal third-quarter profits of 83 cents on revenue of $2.24 billion, both of which came in higher than analysts' estimates. Additionally, the food producer raised its full-year guidance, and saw an increase in demand...Read More
The remote meeting staple nearly doubled its revenue forecastThe shares of buzzed-about work-from-home staple Zoom Video Communications Inc (NASDAQ:ZM) are up 0.8% this morning to trade at $209.44, after posting earnings and revenue for the first quarter that topped analysts' expectations. The company nearly doubled its annual sales forecast, too, blowing Wall Street's estimates out of the water,...Read More
Protests are still going on across all 50 statesDow Jones Industrial Average (DJI) futures are up over 250 points this morning, as the market continues to focus on the optimism surrounding the economy reopening. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also modestly in theblack, with all three indexes extending their gains after last month's ADP private sector report fell...Read More
SPX returns are typically bearish when faced with a big comeback amid bullish sentimentWith lots of fanfare, the S&P 500 Index (SPX) closed above its 200-day moving average for the first time since pandemic fears crashed the market. The index spent 57 trading days below its moving average, from March 5th through last Wednesday. It was its longest stint below the 200-day moving average since 2011....Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has entered into an agreement with a reporting insider of the Company in connection with a non-brokered private placement financing (the "Offering") pursuant to which the insider has agreed to subscribe for up to 1,400 senior unsecured convertible debentures (the "Convertible...Read More
An acclaimed debut novel of two orphaned children of Chinese immigrants struggling to survive during the Gold Rush days of the American WestRead full newsRead More
To facilitate the process, the company plans to complete a 10:1 share consolidation and reduce its share count from 253.6 million to 25.4 million.Read More
Fortescue Metals Group, another iron ore miner with its best assets in Australia, was also dealt a solid blow to its environment, social and governance standing through the loss in court of aRead More
(IDEX Online) - De Beers has confirmed that Sight 5 will take place as planned, and says Sight holders will be able to attend in South Africa or Namibia if they're unable to travel to Botswana.The move comes after Sight 4, held as usual in Gabarone in early May, saw sales activity virtually wiped out by COVID-19 and the resulting travel restrictions. Sight 3, at the end of March, was ca...Read More
(IDEX Online) - Alrosa's long-term clients bought 102 of more than 800 large rough diamonds offered in the company's biggest ever digital tender.The remaining stones will now be made available to other customers to select from 5-10 carats batches.For the first time, the Russian state-owned miner sold diamonds online from boxes, piece by piece, in response to COVID-19 restrictions.It prov...Read More
(IDEX Online) - Workers in Minneapolis fled in terror when looters threw a rock through their jewelry store window. A dozen staff were stashing valuables in a safe at R.F. Moeller Jewelers, in St. Paul, when company president Bob Moeller received a text warning from police that a mob was approaching. They escaped through a back door as looters smashed their way in with sledgehammers. The company...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThis reactivation will encompass at least 80% of Peru's mining production capacity, according to the SNMPE.Peru's mining secto...Read More
Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million).Exore Resources' flagship Bagoe project is within 50 km of Perseus Mining's Sissingue gold mine in northern Cote d'Ivoire, and the two West Africa-focused companies see important synergies in the transaction."The acquisition of Exore results in Perseus gaining owners...Read More