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

Dow Jones Industrial Average (DJIA) futures are trading well above fair value this morning, signaling fresh record highs, as stocks look ready to rally. The same is true for S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures, thanks to growing optimism around a Republican tax plan that's now expected to be voted into law this week. On the economic front, investors will digest the NAHB housing...Read More

"The SPX behavior I have observed relates only to the current tightening cycle, which began in December 2015. Simply put, in the four times that the Fed has raised rates -- even if expected to do so -- the next month has been challenging for stock market buyers. On the other hand, after the 12 instances where the Fed held rates steady, it has been a rather lucrative time for stock buyers in the fo...Read More

I’m not allowed to say what I am about to say, according to the mainstream media.They claim the only reason I would make this argument is that I am full of hate.The truth is, I don’t want to see the media dupe people with a mental health condition into making destructive decisions.I came across a news story about an entire family in transition. First, the son began a transition to fema...Read More

I’m not allowed to say what I am about to say, according to the mainstream media.They claim the only reason I would make this argument is that I am full of hate.The truth is, I don’t want to see the media dupe people with a mental health condition into making destructive decisions.I came across a news story about an entire family in transition. First, the son began a transition to fema...Read More

It’s been over 2 years since I got off the beaten path and ventured over to the “dark side”… As it pertains to early FI, there’s not a single soul that I’ve ever met who didn’t want to achieve that… With that said, early FI isn’t easy and for many people the journey from beginning to end doesn’t happen in a linear fashion…Just speak...Read More

Here’s an update on my latest trades for the week ending on December 15, 2017.SOLD 10,000 shares of Almaden Minerals (AMM.TO) @ C$1.12/share Bought 65,000 shares of Nzuri Copper (NZC.AX) @ A$0.35/share Almaden MineralsSo, last week I decided to add shares of Almaden Minerals (AAU/AMM.TO), and just one week later I decided to trim back my position some. This last batch of AMM.TO shares I...Read More

December 14th marked the end of the internet. At least, that is what the media, social networks… and lobbyists would have you believe.Net neutrality has dominated the media cycle lately. But why? Why would the repeal of a rather freshly formed regulation garner all this attention, and anger?Taking a step towards a freer marketplace should be celebrated. Right?But to hear internet activists a...Read More

December 14th marked the end of the internet. At least, that is what the media, social networks… and lobbyists would have you believe.Net neutrality has dominated the media cycle lately. But why? Why would the repeal of a rather freshly formed regulation garner all this attention, and anger?Taking a step towards a freer marketplace should be celebrated. Right?But to hear internet activists a...Read More

The Dow Jones Industrial Average (DJIA) finished over 143 points higher, securing its fifth record close in six sessions, as well as a fourth straight weekly win. Both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) followed suit, notching their own record highs and weekly wins -- the fourth straight for the former index. The final Republican tax bill, which will likely feature a 21% corp...Read More

Stocks are trading higher today ahead of the release of the Republican tax plan. Among the names making big moves are financial services provider Longfin Corp (NASDAQ:LFIN), real estate stock Re/Max Holdings Inc (NYSE:RMAX), and shoe manufacturer Crocs, Inc. (NASDAQ:CROX). Here's a quick look at what's moving shares of LFIN, RMAX, and CROX. LFIN Stock Surges On Ziddu PurchaseLongfin stock has jump...Read More

Deckers Outdoor Corp (NYSE:DECK) has been chopping its way higher throughout 2017 to trade at $76.19 -- up 37.6% year-to-date, and not far from yesterday's nearly three-year peak of $78.77. Unlike Fitbit (FIT), Stifel thinks the Ugg maker has even more room to run, and boosted its DECK price target to $85 from $80, citing optimism over the company's international exposure. And with plenty of skept...Read More

There was no shortage of headlines on Wall Street this week, as a flurry of market-moving events captivated investors. Bitcoin made big noise, with the cryptocurrency's first day of futures trading sparking a brief outage for the CBOE. The Federal Open Market Committee (FOMC), to little surprise, raised interest rates -- and economic growth projections -- following its meeting on Wednesday, and th...Read More

U.S. stocks are moving higher this afternoon, with the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC) and S&P 500 Index (SPX) all scoring record highs, and pacing for a weekly win. Currently, just three Dow stocks are in the red, with tech leading the advancing majority. Stocks are in rally mode amid easing concerns over the Republican tax bill, with the final draft expected to be...Read More

The Fed issued its third rate hike of the year on Wednesday. While that could spell good news for Paypal (PYPL) in the near term, retailers Target Corporation (NYSE:TGT) and L Brands Inc (NYSE:LB) are among the worst stocks to own in the month after the central bank raises rates. Here's a closer look at how sentiment is stacked up on shares of TGT and LB ahead of what could be a difficult stretch....Read More

Transportation stock CSX Corporation (NASDAQ:CSX) is sliding today, last seen down 7.9% at $52.76, following news the company's CEO Hunter Harrison, who was hired earlier this year, is taking a medical leave. This comes just two days after the shares hit a record high of $58.35, and despite the pullback, they're still up 47% year-to-date. Plus, CSX earlier bottomed right above the 200-day moving a...Read More

Athletic wear stocks are back in focus this morning, including sector peers Nike Inc (NYSE:NKE) and Foot Locker, Inc. (NYSE:FL). Sportswear stocks (including Under Armour and Hibbett Sports) have seen a plethora of positive attention from analysts this week, and today NKE and FL are celebrating upbeat brokerage notes. Below, we'll take a look at how NKE and FL stocks are reacting today.Stifel Rai...Read More

Adobe Systems Incorporated (NASDAQ:ADBE) is up 1.1% to trade at $179.67, after the Creative Cloud parent reported fiscal fourth-quarter earnings and revenue that exceeded analyst expectations, and boosted its current-quarter profit forecast. Analysts have taken notice, with no fewer than nine brokerage firms raising their price targets, including BMO to $205 from $187. It's been an excellent year...Read More

Stifel downgraded Fitbit Inc (NYSE:FIT) to "sell" from "hold," with the brokerage firm saying a return to revenue growth next year could be a "high hurdle." Stifel went on to say that FIT's opportunity to develop and capitalize on new products within the digital health sphere has been "underwhelming to date." In reaction, FIT stock is down 5.4% to trade at $6.45 -- pacing for its biggest daily per...Read More

Dow Jones Industrial Average (DJIA) futures are trading more than 100 points above fair value, as stocks try to bounce back from yesterday's risk-off finish. Investors are hoping to see the much-awaited tax bill from congressional Republicans this afternoon, especially after Florida Senator Marco Rubio yesterday said he would vote "no" without a larger expansion of the child tax credit. On the eco...Read More

Parenting for Freedom article series: This is the first 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.For most of my adult life, I have believed that respecting an individual's freedom should be the first goal of society. It seems...Read More