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
If there's any stock that needs a fresh start in 2018, its Chipotle Mexican Grill, Inc. (NYSE:CMG). For the past couple of years, the burrito chain has been battling constant backlash to a string of foodborne illness issues in its restaurants. Analysts are chiming in today, with Cowen and Company reiterating its "underperform" rating on CMG stock, and predicting lackluster fourth-quarter sales.Cow...Read More
President Trump is going after Amazon.com, Inc. (NASDAQ:AMZN) once again. The President this morning tweeted that the United States Postal Service should be charging Amazon more to deliver packages to help address the "billions of dollars a year" it's losing. In response, AMZN shares have dipped 0.6% at the open to trade at $1,179.33. - Donald J. Trump (@realDonaldTrump) December 29, 2017Of cours...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Stocks are signaling a higher open for the last trading day of 2017, setting up the Dow Jones Industrial Average (DJIA) for yet another record close. Once again trading action will likely be thin ahead of the long weekend, with just the Chicago purchasing managers index (PMI) on the economic schedule today. As such, the Dow and S&P 500 Index (SPX) are both set to end the week, month, and quarter h...Read More
Parenting for Freedom article series: This is the third in a series of articles that analyzes how freedom-loving people can align their parenting with their political philosophy, and how doing so will allow ideas about personal liberty to carry on to the next generation.When it comes to goal achievement, most people will tell you that the end does not justify the means. But for some reason, that...Read More
Parenting for Freedom article series: This is the third in a series of articles that analyzes how freedom-loving people can align their parenting with their political philosophy, and how doing so will allow ideas about personal liberty to carry on to the next generation.When it comes to goal achievement, most people will tell you that the end does not justify the means. But for some reason, that...Read More
The Dow Jones Industrial Average (DJIA) finished higher today, securing a historic 71st record close of 2017 -- the most ever in a calendar year. Meanwhile, both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC)finished higher as well, boosted by a strong day for financial and tech stocks. Elsewhere,gold and copper futures extended their recent hot streaks, while bitcoin stirred up controversy...Read More
U.S. stocks are holding higher this afternoon amid low trading volumes. Some names making big moves today are Chinese pipe company ZK International Group (NASDAQ:ZKIN), mobile marketing specialist Live Ventures Inc (NASDAQ:LIVE), and forex concern Gain Capital Holdings Inc (NYSE:GCAP). Let's see what's moving shares of ZKIN, LIVE, and GCAP. ZKIN Stock Explodes On New InvestmentsZK International...Read More
Subscribers to Schaeffer's Option Advisor service won big on our Phillips 66 (NYSE:PSX) February 87.50 call recommendation. Here's a closer look at what initially drew us to PSX, and how the successful options trade unfolded.When we recommended the call option in mid-November, Phillips 66 stock sported a year-over-year lead of 11.4%. PSX had recently pulled back from record high levels, but the...Read More
The"Dogs of the Dow" investing theory generally posits that the highest dividend-yielding stocks on the Dow Jones Industrial Average (DJIA) at the end of the year often net the biggest reward over the next year. However, Schaeffer's Senior Quantitative Analyst Rocky White crunched the numbers on the "dogs" of recent years, and examined what blue-chip stocks' 2017 performance could mean for 2018. D...Read More
Much of the energy sector has outperformed this month thanks to rising oil prices. In fact, data from Schaeffer's Quantitative Analyst Chris Prybal shows oil exchange-traded funds (ETFs) are having an unusually strong December, compared to their historical returns, as seen in the table below. But many energy stocks are still facing seasonal headwinds, including Chesapeake Energy Corporation (NYSE:...Read More
The shares of Netflix, Inc. (NASDAQ:NFLX) are muscling higher today, though the specific catalyst is unclear. Meanwhile, fellow FAANG stock Facebook Inc (NASDAQ:FB) is also in the black, after a rough start to the short holiday week. What's more, both NFLX and FB stocks could extend today's upside momentum to start 2018, if recent history is any guide.Netflix the Best Stock to Own in JanuaryNFLX h...Read More
The trading week again will be shortened due to New Year's Day on Monday. However, the market action should pick up substantially after that, with a number of notable economic updates set to hit the Street. Leading the way is the nonfarm payrolls report for December, which will come out on Friday. The Federal Open Market Committee's (FOMC) December meeting minutes should attract plenty of attentio...Read More
Chris describes his background in capital markets and how why he decided to become an independent researcher into rare earth and energy metals. He felt that the small sector was being ignored by institutions and there was going to be increasing demand for these metals. He says it was dull for the first few years, but now things are really picking up.The lithium market has responded positively to t...Read More
U.S. stocks are trading higher at midday, led by a rally in tech stocks. Elsewhere, the market still digesting bitcoin buzz following South Korea's new regulations on cryptocurrency trading, and commodities remain in focus, with natural gas prices soaring, copper extending its quest for new highs, and gold eyeing a ninth straight win. At last check, front-month gold futures were 0.4% higher at $1,...Read More
The town of Hay River, in the Canadian Northwest Territories, could soon have a nearby mine operating again, thanks to a deal between mining companies reached earlier this month.Osisko Metals (TSXV:OM), an exploration company significantly held by Osisko Mining (TSX:OSK) and Osisko Gold Royalties (TSX:OR), purchased all of the shares of Pine Point Mining, which owned the Pine Point lead-zinc...Read More
Copper futures have been red-hot lately, flirting with three-year highs on signs of solid demand from China. Further, the front-month copper contract is on pace for a sixteenth straight up day. Rallying with the metal have been shares of Freeport-McMoRan Inc (NYSE:FCX) and Southern Copper Corp (NYSE:SCCO), and one of the stocks is sending up a signal to buy short-term options right now.FCX Stock E...Read More
Analysts in recent weeks have highlighted a number of stocks to buy following the passage of the new tax bill. Susquehanna this morning is targeting yet another group, that being domestic credit card and financial technology companies. The covering analyst forecasts bigger profits in 2018 thanks to tax reform. Two stocks the brokerage firm is bullish on are Visa Inc (NYSE:V) and Mastercard Inc (NY...Read More
FAANG stocks Apple Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) are back in the headlines this morning, after reports surfaced of the two tech stocks being in licensing discussions with Riyadh to invest in Saudi Arabia. Here's a closer look at shares of AAPL and AMZN out of the gate.Apple Looks to Recover from Bear GapShares of AAPL are up 0.6% at $171.58 at last check. The stock most recentl...Read More