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 looks all but certain that Congress is set to pass sweeping tax reform this week. According to J.P. Morgan Securities, the new tax rules will greatly benefit companies such as Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T), and Comcast Corporation (NASDAQ:CMCSA). Of course, this comes right after the companies scored what was considered a win with the Federal Communications Commissio...Read More

After a volatile 2017, Credit Suisse said it is cautiously optimistic about U.S. biotechs, believing tax reform could be a positive catalyst for big-cap drug companies. Nevertheless, the brokerage firm issued opposing notes for biotech stocks Biogen Inc (NASDAQ:BIIB) and Gilead Sciences, Inc. (NASDAQ:GILD). Below, we will take a closer look at BIIB and GILD stocks.Credit Suisse Sees BIIB Returnin...Read More

United Airlines parent United Continental Holdings Inc (NYSE:UAL) is moving higher this morning, after Buckingham Research upgraded the shares to "buy" from "neutral." UAL is up 1.9% at $65.63 in early trading, extending a rebound from its Nov. 15 annual low of $56.51. Currently, the airline stock carries 11 "hold" or "strong sell" ratings from analysts, compared to just five "strong buys." Mean...Read More

The U.S. Food and Drug Administration (FDA) yesterday expanded the use of Exelixis, Inc.'s (NASDAQ:EXEL) drug, Cabometyx, to treat those with advanced kidney cancer. The decision comes well ahead of the FDA's mid-February action date, and earned EXEL stock a price-target hike to $38 from $35 at SunTrust Robinson. RBC, meanwhile, projected a $1 billion market opportunity for the biotech.In reaction...Read More

U.S. stock futures are broadly trading above fair value this morning, as tax reform remains the main focus on Wall Street. The Dow Jones Industrial Average (DJIA) is signaling a triple-digit jump, and tech stocks look ready to rebound, illustrated by a sharp rise in Nasdaq-100 Index (NDX) futures. The House of Representatives and the Senate bothwere able to pass the GOP's pro-business tax bill, bu...Read More

After this full week of trading, we'll be followed by two shortened weeks for Christmas and New Year's. Below, I show how stocks have performed during these holiday weeks in the past. First, though, I point out how bullish the second half of this month usually is for the S&P 500 Index (SPX).History Says to Buy Stocks NowBelow is a table comparing the first half of December to the second half of De...Read More

JOHANNESBURG (miningweekly.com) – Lesotho-focused Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation to purchase the Aim-listed company BK11 asset until December, 31, 2018.BK11 is a diamond asset in Botswana, currently on care and maintenance.AdvertisementAmulet was funding the construction and operation of a bulk sampling plant at the BK11 mine d...Read More

The Dow Jones Industrial Average (DJIA) finished lower today, falling short of its 71st all-time closing high of 2017 -- which would mark a new Dow record. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) joined the Dow in the red, as tech stocks were dragged lower by Apple (AAPL). Anticipation continues to build for the final Republican tax bill, which passed the House vote earlier t...Read More

BlackBerry Ltd (NYSE:BB) will report earnings tomorrow morning, and ahead of the big event, BB stock is trading down 0.5% at $10.89. The stock gapped more than 13% higher following the company's last earnings report in late September -- when it was still trading under the ticker "BBRY" on the Nasdaq -- and options traders are betting on more of the same this time around.At last check, 51,458 calls...Read More

Stocks are taking a breather, as investors await a vote on the GOP's tax bill. Among the names making big moves are blockchain investor Riot Blockchain Inc (NASDAQ:RIOT), medical device stock Zimmer Biomet Holdings Inc (NYSE:ZBH), and drugmaker Portola Pharmaceuticals Inc (NASDAQ:PTLA). Here's a quick look at what's moving shares of RIOT, ZBH, and PTLA. RIOT Stock Makes Another Big MoveOne of th...Read More

TheUnited States Oil Fund (USO) has spent the better part of two years retreating from resistance in the $12 neighborhood, as founder and CEO Bernie Schaeffer noted earlier this month. What's more, if recent history is any indicator, USO shares could start 2018 with a whimper -- and short-term options traders can speculate on the oil fund at a bargain. The exchange-traded fund's (ETF) current annu...Read More

While Twitter (TWTR) explores new highs -- extending yesterday's analyst-induced surge -- shares of Facebook Inc (NASDAQ:FB) are slumping after MoffettNathanson wrote a note to clients entitled "Facebook: Is it Time to Get Out?" In reaction, FB is trading down 1.2% at $178.71, with FAANG stocks feeling additional pressure from this morning's unusual Apple (AAPL) downgrade.In its note, the brokerag...Read More

Shares of Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) hit record highs today, after housing starts for November topped expectations and homebuilder confidence continues to rise. Of course, both stocks are also benefiting from the broader market's surge. When you consider the iShares U.S. Home Construction ETF (ITB) historically averages respective gains of 2.5% and 2.4% in Decem...Read More

Although the retail sector is signaling a strong close to 2017, not every retail stock is cruising into the New Year. Home goods retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) reports third-quarter earnings after the close tomorrow, and will look to avoid its recent post-earnings price-action. Below, we will take a look at Bed Bath & Beyond's past earnings moves, and examine how options traders a...Read More

U.S. stocks are lower this afternoon, pulling back from yesterday's record closing highs. The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are all in the red at midday, with Goldman Sachs (GS) leading the blue-chip losers, and FAANG stock Apple (AAPL) pacing a tech decline. The market is still awaiting the highly anticipated tax vote from Congress, with t...Read More

Nomura initiated coverage on Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) with a "buy" rating and a $43 price target -- representing expected upside of 150% to the stock's current perch at $17.10, up 2.1% so far today. The brokerage firm said the current valuation doesn't price in SCMP's Niemann-Pick disease type C1 (NPC1) treatment -- an extremely rare metabolic disorder -- and other products in t...Read More

It's been a good second half of the year for automakers Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM). Respectively, the stocks sport year-to-date gains of 4.4% and 22%, with the latter hitting a record peak of $46.76 in late October. Brokerage firm RBC expects this trend to continue, weighing in bullishly on both F and GM this morning. RBC Bumps Up Ford Stock Price TargetFord s...Read More

As markets await news on the tax reform vote, two stocks have already ascended to fresh record highs this morning: streaming content provider Roku Inc (NASDAQ:ROKU) and online automotive stock Cars.com Inc (NYSE:CARS) are both moving after hedge funds reported stakes. Below, we will take a closer look at ROKU and CARS stocks.ROKU Stock Could Have Room to RunMorgan Stanley reported a 5.1% passi...Read More

The Dow Jones Industrial Average (DJIA) on Monday notched its 70th record high in 2017, tying 1995 for the most in one year. And with a couple weeks left before we flip the calendar -- not to mention the index taking off in early trading today, ahead of an expected vote on tax reform -- there's a good chance this year will go down in history for the blue-chip index. Further, the Dow and the S&P 50...Read More

Unless you've been hiding under a rock, you've likely been bombarded by bitcoin-related headlines over the past couple of weeks. Not only are various talking heads already suggesting a "bitcoin bubble" in the wake of last week's highly anticipated bitcoin futures launch, but several media outlets have attributed the recently dulled appetite for gold and other commodities to the soaring popularity...Read More