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

It could be another tough day for bitcoin. For the past week, the enigmatic cryptocurrency has seesawed betweensharp drops and rapid recoveries. Today, crypto-related stocks Riot Blockchain Inc (NASDAQ:RIOT) and Overstock.com Inc (NASDAQ:OSTK) are lower due to news the South Korean government is working to regulate bitcoin trading. Options Bears Eyeing RIOT StockThe new curbs on crypto tradin...Read More

Stock futures are signaling a higher open, as the Dow Jones Industrial Average (DJIA) looks for a second straight win. Trading volume is likely to stay muted ahead the start of the new year, but investors will have some economic data to digest nonetheless. Weekly jobless claims this morning came in higher than expected, with 245,000 people filing for unemployment benefits, compared to 240,000 fore...Read More

The Dow Jones Industrial Average (DJIA) finished modestly higher today, avoiding a three-day losing streak in a relatively muted session. Meanwhile, both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC)finished just above breakeven, held in check by pullbacks from energy stocks and retailers. Elsewhere,gold and copper futures extended their recent hot streaks.Continue reading for more on today...Read More

Russian billionaire Viktor Vekselberg's Renova Group has sold its stake in Russian gold producer Petropavlovsk, Renova spokesman Andrey Shtorkh told Reuters on Wednesday."The deal is closed, we are not disclosing the details," Shtorkh said. He declined to disclose the price of the deal and the buyer of the stake.Petropavlovsk declined to comment. The Interfax news agency reported that the 22 per c...Read More

U.S. stocks are about to wrap up their best quarter in four years, and the Dow is set for its longest quarterly win streak in 20 years. Looking ahead to the first quarter of 2018, which kicks off on Tuesday, a pair of airline stocks could rally, if history is any guide. In fact, Alaska Air Group, Inc. (NYSE:ALK) stock has handily outperformed in the first three months of the year, and has been the...Read More

It's been a sluggish day on Wall Street, with the Dow last seen slightly above breakeven. A few stocks to watch today are Callaway Golf Co (NYSE:ELY), Horizon Pharma PLC (NASDAQ:HZNP), and XPO Logistics Inc (NYSE:XPO). Shares of golf enthusiast ELY are trading lower, while HZNP andXPO are heading the opposite direction. Analyst Downgrade Sinks ELY StockCompass Point this morning downgraded Callaw...Read More

It's no secret that 2017 has been a banner year for stocks. While the major market benchmarks have cooled off amid light holiday-week volume and a recent dip for Apple (AAPL) stock, they're still set to put a big, bullish bow on 2017 this Friday. In fact, the Dow Jones Industrial Average (DJIA) is still just one record close from making history, and both the Dow and S&P 500 Index (SPX) are pacing...Read More

Yesterday, chip stock Broadcom (NASDAQ:AVGO) was down 3.4% at its intraday low, as a warning on iPhone X shipments pressured stocks of Apple (AAPL)-adjacent companies. While AVGO has lost more than 6% this month,it may be time to buy the dip on the semiconductor name. Based on historical price data, the chip stock tends to outperform during the first month of the year.The 25 S&P 500 Index (SPX) s...Read More

For the second year in a row, people -and commodity analysts such as those at TD Securities and the Bank of Montreal- are being bullish on silver. This is according to a survey conducted by precious metals retailer Kitco among the readers of its website. Some 151 people, or 39% of the sample of 386 participants, chose silver as 2018's most likely outperformer,with gold taking the second place with...Read More

Stocks are modestly higher at midday, as the major equity benchmarks attempt to dodge a third consecutive session of losses. Post-holiday trading volume remains light, with little in the way of economic news to steer the market -- though investors are largely brushing off a steeper-than-forecast drop in the Conference Board's consumer confidence index, which cooled this month after hitting a 16-ye...Read More

The numbers: Pending-home sales ticked up 0.2% in November, the National Association of Realtors said Wednesday. What happened: NAR's index of pending home sales tracks real-estate transactions in which a contract has been signed, but the deal hasn't closed. November's increase missed the consensus forecast of a 0.5% monthly gain from economists surveyed by Econoday. The index reading was 109.5...Read More

A number of retail stocks have found new life toward the end of 2017, including Lululemon Athletica Inc. (NASDAQ:LULU). The shares enjoyed their highest close in over a year yesterday, thanks to their strong push up the charts in the second half of the year. By the numbers, LULU stock has surged 67.5% since the end of May, with a solid chunk of these gains coming after an impressive earnings relea...Read More

Wireless technology stock Energous Corp (NASDAQ:WATT) received some good news this morning, after the Federal Communications Commission (FCC) granted certification for the company's WattUp Mid Field wireless charging transmitter. This marks the first FCC certification for power-at-a-distance wireless charging, per a company press release.The FCC milestone has sent WATT up an astounding 83.1% to t...Read More

Oppenheimer analyst Hartaj Singh weighed in bullishly today on Sarepta Therapeutics Inc (NASDAQ:SRPT), calling the biopharmaceutical stock "a key SMID-cap pick in our coverage universe." In a note to clients, Singh said, "We do not see any meaningful competition to SRPT's [Duchenne muscular dystrophy] franchise for another 3-5 years," and reiterated both his "outperform" rating and a $76 price tar...Read More

Footwear stock Deckers Outdoor Corp (NYSE:DECK) has vaulted to a gain of 43% year-to-date, roughly doubling the percentage gain of the S&P 500 Index (SPX) over this same time frame. That stock recently muscled above the $78 level, which had previously marked DECK's highs since a big bear gap in early 2015. With this technical hurdle in the rearview, the next major zone of resistance for DECK is as...Read More

The shares of Tesla Inc (NASDAQ:TSLA) retreated yesterday, even after CEO Elon Musk teased plans for an electric pickup truck, which he promised to make "right after the Model Y." However, analysts at KeyBanc are more concerned about Tesla's Model 3, and today lowered their fourth-quarter delivery estimates for the vehicle to 5,000 from 15,000. Below, we'll take a closer look at TSLA stock and tod...Read More

Dow Jones Industrial Average (DJIA) futures are trading modestly above fair value this morning. Stocks will try to bounce back from yesterday's bearish session, where a pullback from Apple (AAPL) stock pressured the tech sector. Traders will also have some economic data to sift through today, namely stats on consumer confidence and pending home sales. Plus, blockchain stocks could remain in focus,...Read More

Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fueling a rally this year driven by optimism about demand and supply disruptions at mines.Jiangxi Copper Co. was told to cut production for at least a week before a new assessment is made on local pollution levels. Earlier in the month, the No. 2 smelter, Tong...Read More

With only a few days left of 2017, I decided to compare some key stats from this year to other years. Also, I looked back historically to find the years most like 2017, and see how stocks performed after these extremely low-volatility grinds higher. 2017 Key Statistics: Positive Days and Low VolatilityBelow is a table looking at some key stats for each year since 2000. With a few days left in the...Read More

What does desperation look like? This:The weird thing about trees is that someday, like all of us, they die.This tree was on its way out. In fact, the tree was removed in order to protect anyone standing under it from danger. Who usually stands under it? The press. Melania was trying to protect the same press that now attempts to skewer her over landscaping.(Of course, if the tree broke and killed...Read More