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

SAGE Therapeutics Inc (NASDAQ:SAGE) had a rip-roaring end to 2017, tacking on 78% in December, and touching an all-time high of $173.36 on Dec. 8. It appears the momentum might spill over into 2018, with the drug stock sending up a signal to buy short-term options right now.While SAGE stock vaulted up the charts, its short-term options prices remained in the proverbial basement. The equity's Sch...Read More

The European Union has taken over the chairmanship of the Kimberley Process for 2018, a decade after it last directed the initiative. Federica Mogherini, who is an Italian politician and the High Representative of the bloc for Foreign Affairs and Security Policy, will be heading the operation. Kimberley is a process started in 2003 following the United Nations General Assembly's Resolution 55/56....Read More

The European Union has taken over the chairmanship of the Kimberley Process for 2018, a decade after it last directed the initiative. Federica Mogherini, who is an Italian politician and the High Representative of the bloc for Foreign Affairs and Security Policy, will be heading the operation. Kimberley is a process started in 2003 following the United Nations General Assembly's Resolution 55/56....Read More

The initial price of bitcoin, set in 2010, was less than 1 cent. Now it's crossed $16,000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin today is drawing millions of dollars from hedge funds. The recent price surge may be a bubble. Or it could be a belated recognition by the broader financial community that so-called cryptocurrencies -- digital forms of money -- are go...Read More

A second Sino-Russian oil pipeline began operations on New Year's Day, doubling China's capacity to import crude from the East Siberia-Pacific Ocean system.Read full newsRead More

U.S. stocks are broadly higher halfway through the first trading day of 2018. While the Dow Jones Industrial Average (DJIA) has pared much of its triple-digit lead, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are holding their early gains as tech and energy stocks outperform. Adding to the risk-on bias is the Markit purchasing managers manufacturing index (PMI) for December, which revealed...Read More

BEIRUT, LEBANON (6:45 A.M.) - Concerned military, intelligence and diplomatic figures within the United States have reportedly given Israel permission to aRead full newsRead More

Shares of Ross Stores, Inc. (NASDAQ:ROST) closed out 2017 with a bang, surging 22.3% year-over-year and hitting a record high of $81.48 on Friday, Dec. 29. The retail stock is continuing this momentum into the new year -- last seen trading up 0.7% at $80.80, after Citigroup raised its price target to $85 from $72 and Nomura said the company will be one of the biggest beneficiaries of the GOP tax o...Read More

Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, said in a securities filing on Tuesday that on January 8, 2018, it will conclude the sale of a fertilizer unit to US-based Mosaic Co. (NYSE:MOS) with adjustments. The changes will reduce the price tag of the sale by $1.35 billion. The South American miner revealed that it wants to retain control of the TIPLAM port terminal,...Read More

Brazil's Vale (NYSE:VALE), the world's largest iron ore and nickel miner, said in a securities filing on Tuesday that on January 8, 2018, it will conclude the sale of a fertilizer unit to US-based Mosaic Co. (NYSE:MOS) with adjustments. The changes will reduce the price tag of the sale by $1.35 billion. The South American miner revealed that it wants to retain control of the TIPLAM port terminal,...Read More

Mickey Fulp the Mercenary Geologist sits down with Maurice Jackson of Proven and Probable to revisit the virtues of a proven methodology that he has employed with regards to tax loss selling. Mickey shares how to be selective in buying particular issuers within a specific date range that have produced fairly consistent returns ranging from 10% up to 50%! Mickey also shares the best value propo...Read More

Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.Read full newsRead More

MUMBAI, Jan 2 (Reuters) - India's gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.The rebound in purchases by India, the world's second-biggest consumer of gold after China, could support global prices, which are already near their highest le...Read More

Riot Blockchain Inc (NASDAQ:RIOT) is down 3.9% at $27.28, even as bitcoin trades higher. Today's downside comes after CEO John O'Rourke revealed in an SEC filing that he sold 19,583 RIOT shares for $28.45 apiece, and 10,800 shares for $28.90 each. The transaction occurred last Friday, Dec. 29, when RIOT stock closed at $28.40.In the last three months, the shares have nearly quadrupled in value --...Read More

International diamond trading network Rapaport Group released a report that states that, following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.Even though the company's RapNet Diamond Index, known as RAPI, slid 1.7% for 3-carat diamonds in the last month of the year, it edged up 0.3% for 1-carat diamonds, 1.2% for 0.30-carat diamonds, and 0.6% for 0.5...Read More

International diamond trading network Rapaport Group released a report that states that, following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.Even though the company's RapNet Diamond Index, known as RAPI, slid 1.7% for 3-carat diamonds in the last month of the year, it edged up 0.3% for 1-carat diamonds, 1.2% for 0.30-carat diamonds, and 0.6% for 0.5...Read More

International diamond trading network Rapaport Group released a report that states that, following a better-than-expected holiday season, polished diamond prices stabilized in December 2017.Even though the company's RapNet Diamond Index, known as RAPI, slid 1.7% for 3-carat diamonds in the last month of the year, it edged up 0.3% for 1-carat diamonds, 1.2% for 0.30-carat diamonds, and 0.6% for 0.5...Read More

Online streaming subscription service Netflix, Inc. (NASDAQ:NFLX) is soaring this morning after the stock received an upgrade to "outperform" from "neutral" at Macquarie, along with a price-target raise to $220 from $200. In a note to clients, the brokerage firm also stated that the FAANG stock is "miles ahead" of its streaming competition in terms of original content, and asserted, "Netflix has w...Read More

Pharmaceutical company Johnson & Johnson (NYSE:JNJ) has kicked off the new year in lackluster fashion. The Dow stock was downgraded this morning to "neutral" from "overweight" at J.P. Morgan Securities. The brokerage firm noted that it is still fundamentally bullish on Johnson & Johnson -- evidenced by the fact it kept its price target at $150 -- but said there are more compelling large-cap play...Read More

Stock futures are signaling a positive start to the new year, after the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) notched impressive 2017 returns. The premarket gains come as February-dated crude futures hold above the $60-per-barrel mark amid increasing political tension in Iran and the U.S. Dollar Index (DXY) points to a fifth straight down day. Ahead...Read More