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
We revisit Farmland Partners after an 18-month hiatus. The stock took a drubbing on Q4 2022 earnings results. Click to read why it's now on our watchlist.Read full newsRead More
Vista Energy, S.A.B. de C.V.Read full newsRead More
Grupo Televisa, S.A.B. (NYSE:NYSE:TV) Q4 2022 Results Conference Call February 24, 2023 10:00 AM ETCompany ParticipantsAlfonso de Angoitia - Co-Chief Executive OfficerPepe Antonio Gonzalez...Read full newsRead More
SHW is a long-term compounder and has crushed the market over the past couple of decades. Click here to read my analysis why I think SHW stock is a hold.Read full newsRead More
Aehr is among the smallest manufacturers in the ATE industry, mirroring its low, competitive moat. Click here to read my most recent analysis of AEHR.Read full newsRead More
Tesla, Inc. will hold an Investor Day on Wednesday, March 1st, and Elon Musk will present a Master Plan part 3. I predict what might be in that plan. Click here to read more.Read full newsRead More
Playa Hotels & Resorts N.V. (NASDAQ:NASDAQ:PLYA) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ETCompany ParticipantsRyan Hymel - Chief Financial OfficerBruce Wardinski -...Read full newsRead More
MLI's revenue should be impacted in 2023 due to the declining residential and commercial construction. Click here to read my analysis of MLI stock.Read full newsRead More
Brady Corporation shares have seen a nice move higher over the past months. Are BRC shares a buy or a sell here? Click here to find out.Read full newsRead More
Alliant Energy Corporation (NASDAQ:NASDAQ:LNT) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ETCompany ParticipantsSusan Gille - IR ManagerJohn Larsen - Chair, President and...Read full newsRead More
Caesars Entertainment is well-positioned to trade higher as its properties both in Las Vegas and US regionals are already showing strong growth. Click here to read more.Read full newsRead More
C.H. Robinson Worldwide provides freight transportation services, and related logistics and supply chain services worldwide. Read my analysis of CHRW stock.Read full newsRead More
The case for raising equity allocations when interest rates were close to zero was easy. After a year of interest rate hikes by the Federal Reserve, the calculus is more complicated.Read full newsRead More
California Resources Corp (NYSE:NYSE:CRC) Q4 2022 Earnings Conference Call February 24, 2023 1:00 PM ETCompany ParticipantsJoanna Park - VP, IRMark McFarland - President, CEO &...Read full newsRead More
Focusing on the closing prices, I believe we're in an A-B-C correction from the peak at ~109 on December 7. The daily RSI in TLT is heading towards an extreme oversold level of 30.Read full newsRead More
United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. Click here to read my analysis of UOVEY stock.Read full newsRead More
Enovix has been on a downtrend since production delays were announced early last month. Read more here.Read full newsRead More
Pembina Pipeline's Q4 results generally showed the stability that we have come to expect for this company. Read more on what's next for this steady dividend payer.Read full newsRead More
Ellington Financial, Inc. (NYSE:NYSE:EFC) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ETCompany ParticipantsLaurence Penn - CEO, President & DirectorJ.Read full newsRead More
Comfort Systems USA provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services. Read my analysis of FIX stock.Read full newsRead More