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

Ares Capital is an attractive 11.2% yield BDC but faces market-cycle risks, including fallout from the recent SVB failure. See why ARCC stock is a Hold.Read full newsRead More

John's retirement accounts generated a total of $1,312.50 of dividend income for Feb. 2023 vs. $1,188.66 for February 2022. See the Feb. update for the portfolio here.Read full newsRead More

iShares Russell 3000 ETF, as the name implies, uses the Russell 3000 Total Market Index as its investment strategy. Click here to read more about IWV.Read full newsRead More

BP is investing heavily in the green energy sector, while Exxon remains more focused on its core business. Check out the comparison between BP and XOM stocks.Read full newsRead More

XBI is likely in the early to mid stages of a period of underperformance versus its larger-cap peers and the broad US stock market. See why XBI ETF is a Sell.Read full newsRead More

Meta Platforms stock got a lot of attention this week due to the Congressional TikTok hearings. Read more to see my thoughts on META and my recommendation.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

Nike is currently valued at 33.92x earnings and gets an F rating from Seeking Alpha on its valuation. Read more to see why NKE stock is a Hold.Read full newsRead More

With turmoil in the banking sector spreading to the broader market, many investors are seeking safety in large-cap stocks, including large-cap technology stocks.Read full newsRead More

This week, a variety of indexes that detect stress in the financial system all had significant increases. Click here to read this week's edition of Weekly Indicators.Read full newsRead More

There are two main choices for Bitcoin exposure in a brokerage account: GBTC and BITO. Find out why I believe BITO is a better choice for investors.Read full newsRead More

Last year, Deciphera Pharmaceuticals was almost destroyed by a trial failure. This year, it has had some good omens. Click here for our analysis of DCPH stock.Read full newsRead More

BioLife is a producer of biopreservation media for the CGT industry, which is still in the early innings of significant growth. See why BLFS stock is a Buy.Read full newsRead More

PacWest Bancorp released an important liquidity update on Wednesday. The market unfairly dismissed it and sent shares of PACW lower by 17%.Read full newsRead More

The current madness has to stop. And it will stop because, as the old wag Herb Stein laid down in his law years ago: Things that can't go on, stop.Which raises the question: Which things?And the answer is the things Western Civ is doing in its attempted suicide: inciting war, recklessly running up debt, persecuting its own citizens and stealing their liberties, subjecting them to medical malfeasan...Read More

The recent SVB bank failure is going to have more ramifications on the economy and investment scene than some realize. Click here to read more.Read full newsRead More

Cedar Fair, L.P. witnessed a greatly improved operational performance in terms of attendance and revenues in 2022. Click here for my take on FUN stock prospects.Read full newsRead More

CyberArk is a leading identity and access security solutions company, specializing in protecting organizations from cyberattacks. Click here to read my analysis.Read full newsRead More

Deckers Outdoor is up over 50% in the past year and currently trading nearly at its all-time high. Click here to read my most recent analysis of DECK stock.Read full newsRead More

Ceridian HCM reported its Q4 2022 financial results on February 9, 2023. Learn why my CDAY outlook is a Buy.Read full newsRead More