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

The annual change in real US GDP and the S&P 500 shows broadly the same trends over the last 20 years.Read full newsRead More

The HYGH ETF provides interest rate hedged exposure to high-yield bonds. Read more to see my thoughts on the ETF and why it is a Hold.Read full newsRead More

VTES ETF aims to take low duration and credit risk while giving you tax advantages of Municipal bonds. Check out why we're neutral on the fund.Read full newsRead More

Ubiquiti has taken a big hit since it reached its 52-week high, and will probably struggle to maintain momentum in 2023. Click here to see our take on UI stock.Read full newsRead More

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.Read full newsRead More

FEMS ETF pays a quarterly dividend with a decent but inconsistent yield. Click here to read my recommendation for the fund.Read full newsRead More

I was excited to get back to the New York Stock Exchange yesterday. Read more to see 3 high yielding mREITs that are yielding an average of 14.3%Read full newsRead More

Cisco's fundamental business is strong enough for it to continue its transformation efforts without existential threats. Find out if CSCO stock is a buy.Read full newsRead More

The SPDR Portfolio S&P 500 Value ETF was up on its counterpart, SPYG, to start the year. Click here to see our take on SPYV ETF.Read full newsRead More

American tower was a REIT on my no-no-list for several years after starting to write as a contributor. Click here to see our current view on AMT stock.Read full newsRead More

(IDEX Online) - Rolex is to open three temporary factories by 2025 to cope with unprecedented demand for its luxury watches.The company, privately owned by the Hans Wilsdorf Foundation, currently produces just over 1m watches a year, but demand always outstrips supply. Last November it announced plans to build a new $1.1bn production site at Bulle, about 60 miles from its Geneva base, which w...Read More

(IDEX Online) - US jewelry sales enjoyed a "spike" during February, driven in part by Valentine's Day, according to Mastercard SpendingPulse, along with other gifting sectors.But it didn't provide an actual percentage increase, as it generally does.It did, however, say that apparel and department store sales - also classed as gifting sectors - saw growth of 3.9 per cent and 5.6 per cent...Read More

The Peruvian Ministry of Energy and Mines (Minem) announced that 2023 will see the development of 74 mining projects across 17 departments in the country for a total investment of US$596 million.Most of the projects, or 39 of them, focus on copper mining and represent an investment of US$284 million. The red metal is followed by gold, with 18 projects and an investment of $220 million. Zinc occupi...Read More

(IDEX Online) -  Luxury French jeweler Boucheron is using Aerogel - the lightest substance on Earth - in place of a center stone in its Goutte du Ciel (a drop of sky) necklace.The substance is 98.8 per cent air (and 0.2 per cent silica) and has been used by NASA top insulate its Mars Rover Unit. It is a synthetic material, in which gas replaces the liquid, and ounce for ounce it is more expen...Read More

The Credit Suisse saga presents systemic and contagion risk to the global banking markets. There is likely going to be a shotgun wedding this weekend.Read full newsRead More

With a management that is not pulling punches, CrowdStrike may just achieve its ambitious target of $5B in ending ARR by FY2026, implying an accelerated CAGR of 25%. Read more here.Read full newsRead More

We believe the sell-off is overdone, triggering BAC's stock declines by -15.54% at the time of writing, near its pre-pandemic levels. Click here to read more.Read full newsRead More

Klepierre is one of the largest mall operators in Europe. In this article, I will have a closer look at what the increasing interest rates mean for the REIT.Read full newsRead More

CaixaBank is the largest bank in Spain with the No. 1 position in several of its core divisions. Read more about CAIXY here.Read full newsRead More

The new year started off strong, and investors welcomed a broad relief rally. I met this with relief too, but also with a mix of skepticism. Read more here.Read full newsRead More