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

MLPs demonstrated their resiliency during March, a month characterized by increased volatility in markets.Read full newsRead More

21 micro-cap energy producers were evaluated using a quality matrix with factors including P/S, YOY Revenue Growth, NIM, FCF Margin, and Total Debt/Market Cap.Read full newsRead More

Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify.Read full newsRead More

Sunnova reported YoY revenue growth of 200% for its last reported fiscal 2022 fourth quarter. Click here to read my most recent analysis of NOVA.Read full newsRead More

The market is punishing the strongest banks. Read why this presents a rare opportunity for investors who can identify top-notch financial institutions.Read full newsRead More

Catalyst watch for the week of April 2.The hosts explore the big topic of the week, nonfarm payrolls. Levi Strauss & Co. and Constellation Brands will report earnings.Read full newsRead More

Lanxess has gone from being primarily a basic chemicals to a majority specialty chemicals company over the last few years. See why we rate LNXSF stock a Hold.Read full newsRead More

Gold has been seeing a large number of contracts roll in the final day of the contract. That did not happen this month. Unlike gold, the removal of silver has continued unabated.Read full newsRead More

ESG funds, including both mutual funds and exchange-traded funds, have grown into a $400 billion market in the United States alone.Read full newsRead More

In this article, I express my opinion on why Amazon should follow the example of Alibaba and spin off its business into separate, independent segments. Read more about AMZN here.Read full newsRead More

Why the U.S. consumer continues to spend. As inventories begin to shrink, will retailers regain their pricing power and margins?Read full newsRead More

Banks are failing, creating the current banking crisis. The Fed continues to raise interest rates to tame inflation and the stock market is more volatile than ever.Read full newsRead More

The Fed added a gargantuan sum to its balance sheet in March, netting an increase of $324B.Read full newsRead More

Most readers follow my work for the extensive writing I have done referencing my aggressive growth portfolio. Read more here.Read full newsRead More

Earnings of Capital Bancorp will most probably dip slightly this year on the back of high provision and operating expenses. But read why I rate CBNK stock a Buy.Read full newsRead More

Sunnova Energy increased its revenue by 130.6% YoY to $557.6 million for FY2022, however high operating expenses continue to deepen losses. Read more about NOVA here.Read full newsRead More

AVDX's lackluster performance since the release of 4Q22 earnings is likely due to slowing B2B spending among AVDX's customer base. Read more about AVDX here.Read full newsRead More

Innovative Industrial Properties is beginning to feel some pain, with some tenants defaulting on rent. But read why I rate IIPR stock a Strong Buy.Read full newsRead More

On a year-over-year basis, the PCE price index without food and energy products ("core PCE") jumped by 4.6% year-over-year in February.Read full newsRead More

CEFs were relatively flat on the week; however, discounts continued to mostly push wider, offsetting NAV gains. Read the latest edition of CEF Weekly Review here.Read full newsRead More