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

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

The Dow Jones Industrial Average (DJIA) finished lower and snapped a five-day winning streak, despite touching a fresh record high earlier in the day. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) followed the Dow lower in afternoon trading, hurt by struggling healthcare stocks andreports the Republican tax bill has encountered last-minute resistance. Specifically, two senators will rep...Read More

Since touching a record high of $117.65 in early November, the shares of Skyworks Solutions Inc (NASDAQ:SWKS) have dropped 19%. However, in the wake of the recent pullback in Apple suppliers -- exacerbated by bearish analyst attention today -- SWKS stock could be flashing a big "buy." Below, we'll take a look at the technical signal that's preceded pops for the tech stock in recent history.SWKS st...Read More

Overstock.com Inc (NASDAQ:OSTK) is ready to go all in on blockchain -- the technology behind bitcoin -- at least according to CEO Patrick Byrne. After the company yesterday announced its blockchain division will create a for-profit venture with Peruvian economist Hernando de Soto, Byrne told CNBCthat it is exploring three options to sell or reorganize the home goods e-commerce business. Here's a c...Read More

The shares of power provider NRG Energy Inc (NYSE:NRG) have pulled back since notching a two-year high of $29.78 about a month ago. However, if history is any indicator, bulls may want to buy the NRG stock dip -- or scoop up short-term calls, which are a relative bargain right now -- with the security sending up two "buy" signals recently.Signal 1: Pullbacks to 40-Day Have Been Buying Opportunitie...Read More

The Dow earlier hit another record high, as investors react to a busy day of economic data. Among the names making big moves are social media stock Twitter Inc (NYSE:TWTR), airliner Delta Air Lines, Inc. (NYSE:DAL), and brokerage services provider Siebert Financial Corp. (NASDAQ:SIEB). Here's a quick look at what's moving shares of TWTR, DAL, and SIEB. Call Options Popular as Twitter Stock Hits...Read More

The action across Wall Street could slow some during the last trading week before Christmas, but there should be enough economic data and important earnings releases to hold investors' attention. Most notably, a number of reports on the housing sector are set for release, as well as the final reading for third-quarter gross domestic product (GDP) on Thursday. On the earnings front, the main highli...Read More

Telecom and internet stocks are in focus today, with the Federal Communications Commission (FCC) expected to vote to repeal Obama-era net neutrality rules. The landmark ruling could lead to sweeping deregulation of the telecom and cable industry. If the Commission -- comprised of a Republican majority -- votes to walk back the rules today, it would be considered a victory for big telecom compani...Read More

U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) soaring to yet another fresh record high, continuing at full speed toward a fifth straight record close and sixth straight daily win. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are higher as well, with the market still digesting the plethora of economic data released earlier today, as well as yes...Read More

While Walt Disney (DIS) gets all the attention today following its big M&A announcement, investors may want to watch media stocks Viacom, Inc. (NASDAQ:VIAB) and Discovery Communications Inc. (NASDAQ:DISCA). That's because both will be removed from the Nasdaq-100 Index (NDX) next week, and data from Schaeffer's Senior Quantitative Analyst Rocky White shows that stocks have historically outperformed...Read More

Tech stocks, and in particular, those with exposure to the internet, are in focus today, with the Federal Communications Commission (FCC) expected to repeal the Obama administration's net neutrality rules. Ahead of the highly controversial decision, Google parent Alphabet Inc (NASDAQ:GOOGL) and streaming giant Netflix, Inc. (NASDAQ:NFLX) are both trading higher, continuing to bounce back after the...Read More

As we noted yesterday, investors have been dumping silver at a rapid-fire rate lately, with some attributing the abandonment to the rise of bitcoin. Whatever the motive, the latest Commitment of Traders (CoT) data shows large speculators reduced their net long exposure on silver by nearly 28,000 contracts in the week ended Dec. 5 -- the biggest one-week decline ever recorded, per Schaeffer's Quant...Read More

Since its June bottom below $50, Target Corporation (NYSE:TGT) has mostly traded in a channel of higher highs and lows. More recently, TGT stock has outperformed the S&P 500 Index (SPX) by 11.5 percentage points during the past month, and today the shares are up 0.5% to trade at $62.97. Brokerage firm MKM Partners sees more upside ahead, too, even though the retailer last month gave an ugly holida...Read More

Athletic wear stocks are in focus this morning, including sector peers Under Armour Inc (NYSE:UAA) and Hibbett Sports, Inc. (NASDAQ:HIBB). Each sporting goods stock (as well as blue-chip Nike) received attention from Deutsche Bank ahead of the bell, with the analysts saying their confidence in athleisure is considerably higher heading into 2018. Below, we'll take a look at how UAA and HIBB stocks...Read More

This morning, biotech stock Valeant Pharmaceuticals International, Inc. (NYSE:VRX) was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, although the brokerage firm issued a price-target hike to $12 from $10. Analysts cited Valeant's patent erosions and lofty earnings estimates over the next two fiscal years, as well as skepticism for specialty pharma in 2018 as reasons for the...Read More

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is cleaning house following a disastrous 2017. The Israel-based generic drugmaker said it will cut its global workforce by 25% -- resulting in roughly 14,000 lost jobs -- and suspend its dividend payment on ordinary shares in an effort to cut costs by roughly $3 billion by the end of 2019. In reaction, TEVA stock is up 19.3% in electronic trading, set...Read More

U.S. stocks are ready to rally this morning, with futures signaling asurge for the Dow Jones Industrial Average (DJIA) -- which would mark its fifth straight record close. The S&P 500 Index (SPX) and Nasdaq-100 (NDX) are pointing to a big open, too, and there's a ton of economic data to digest today. Specifically, weekly jobless claims came in lower than expected this past week, with 225,000 peopl...Read More

What is a right? Do rights exist? They are intangible, yet philosophical constructs can be real.A right defines a state of being; it describes a condition. "Right of way," is how we describe who has first use of a road. People can certainly ignore the concept of a right of way. But that doesn’t void the concept. Right of way still serves as a tool to establish who is liable should a car acc...Read More

What is a right? Do rights exist? They are intangible, yet philosophical constructs can be real.A right defines a state of being; it describes a condition. "Right of way," is how we describe who has first use of a road. People can certainly ignore the concept of a right of way. But that doesn’t void the concept. Right of way still serves as a tool to establish who is liable should a car acc...Read More

The Dow Jones Industrial Average (DJIA) secured a fourth straight record close, after the Fed officially raised interest rates by a quarter point and lifted its economic outlook for 2018. The widely expected move also came with a forecast for three more rate hikes in 2018 -- unchanged from the central bank's previous statement. Outgoing Fed Chair Janet Yellen cited tax reform optimism as a driver...Read More