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

Snap Inc (NYSE:SNAP) has had a much-maligned start since the stock began trading in early March. Nevertheless, the Snapchat stock has turned in a positive session in seven out of the last eight days -- pacing toward another win today -- and upbeat analysts are starting to chime in.Overnight, SNAP received an upgrade to "overweight" from "equal weight" at Barclays, as well as a price-target hike to...Read More

Shares of Apple Inc (NASDAQ:AAPL) are in focus today, as traders weigh competing headlines for the tech powerhouse. AAPL won its European Union (EU) trademark case against Chinese rival Xiaomi -- but research firm Kantar reported a sharp drop in iPhone market share during the three-month period ended in October. Specifically, the lack of availability for the iPhone X helped spark a year-over-year...Read More

Shares of Depomed Inc (NASDAQ:DEPO) are almost 12% higher in electronic trading, after the biotech said it is licensing the sales rights to its opioid pain drugs, Nucynta IR and Nucynta ER, to Collegium Pharmaceutical (COLL). As such, DEPO is also slashing its workforce by 40%, and plans to move its headquarters out of California -- with the company scouting potential sites in the Midwest or along...Read More

Dow Jones Industrial Average (DJIA) futures are signaling a positive open for stocks ahead of a big day for economic data. While investors will continue to consider the ramifications of the Republican tax plan, they're digesting a rise to nine-month highs in the U.S. trade deficit in October. Markit's services purchasing managers index (PMI) and the Institute for Supply Management's (ISM) non-manu...Read More

Imagine having the power to declare something legitimate with the stroke of a pen, the press of a stamp, or the enter button on your keyboard.The government has that power. But it is part of the magical myth of government legitimacy. That is the main service government provides: legitimacy.It can make stealing legitimate. It can make kidnapping legitimate. It can make assassinations, genocides, an...Read More

Imagine having the power to declare something legitimate with the stroke of a pen, the press of a stamp, or the enter button on your keyboard.The government has that power. But it is part of the magical myth of government legitimacy. That is the main service government provides: legitimacy.It can make stealing legitimate. It can make kidnapping legitimate. It can make assassinations, genocides, an...Read More

The Dow Jones Industrial Average (DJIA) was up over 300 points at its session high -- which also represented a record peak -- as markets cheered progress on the Republican tax reform bill. The S&P 500 Index (SPX) initially joined in on the fun as well, notching a record high on the strength of bank, retail, and media stocks. However, the Dow pared its gains as the session progressed, and the SPX d...Read More

It's been a rough week for tech stocks, after Morgan Stanley last Monday said it was time to take profits on semiconductors. Among those staring at stiff weekly losses -- and paring recent bitcoin gains -- are Advanced Micro Devices, Inc. (NASDAQ:AMD), Micron Technology, Inc. (NASDAQ:MU), and Nvidia Corporation (NASDAQ:NVDA), and the selling is continuing today. What's more, options volume is runn...Read More

U.S. stocks are trading mixed, as traders eye a simultaneous tax reform rally and tech dip. Among the names making big moves are bank concern Goldman Sachs Group Inc (NYSE:GS), retail powerhouse Macy's, Inc. (NYSE:M), and shipping company United Parcel Service, Inc. (NYSE:UPS). Here's a quick look at what's moving shares of GS, M, and UPS.GS Higher With Big Bank StocksGoldman Sachs stock is mo...Read More

The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are bank stock JPMorgan Chase & Co. (NYSE:JPM) and streaming content provider Roku Inc (NASDAQ:ROKU). Below, we'll break down recent options trading activity on JPM and ROKU. Call T...Read More

Options traders are blasting CVS Health Corp (NYSE:CVS), on news the drugstore chain has put in a $69 billion bid for insurance giant Aetna (AET) -- in a move that will "transform healthcare," according to Leerink. At last check, 28,067 calls and 18,179 puts had traded on CVS stock -- six times what's typically seen, and total options volume pacing in the 100th annual percentile.Most active is the...Read More

U.S. stocks are trading mixed this afternoon, with bank and tech stocks moving in opposite directions. The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) are soaring, both touching fresh record highs as financial stocks rally on the Senate's tax reform bill that was passed Saturday.On the other hand, the Nasdaq Composite (IXIC) is modestly lower at midday, as FAANG stocks once ag...Read More

As bank stocks rally on the Senate's tax bill news, the Financial Select Sector SPDR Fund (XLF) is assailing new heights. The exchange-traded fund (ETF) is fresh off a 10-year high of $28.20, and was last seen 1.9% higher at $28.09. What's more, XLF call options are flying off the shelves at a rapid-fire rate.XLF calls are changing hands at six times the average intraday pace, with nearly 270,000...Read More

In its attempt at a hostile takeover over Qualcomm (QCOM), Broadcom Ltd (NASDAQ:AVGO) unveiled a list of 11 nominees for QCOM's board of directors, with a shareholder vote slated for March 6. Qualcomm has since issued a statement, calling the nominees "inherently conflicted" in a buyout attempt that "dramatically undervalues" the chipmaker relative to the benefit it offers Broadcom. After jumping...Read More

While most U.S. stocks are higher out of the gate, the shares of medical device maker Mazor Robotics Ltd (NASDAQ:MZOR) are bucking the trend, down 2.8% to trade at $56.11. MZOR stock is reeling amid reports that CEO Ori Hadomi is being investigated for insider trading related to Medtronic's (MDT) investment in Mazor back in 2016.Prior to today, MZOR stock was up roughly 164% in 2017, touching a r...Read More

Blue Apron Holdings Inc (NYSE:APRN) has struggled mightily since it first began trading in late June amid a suddenly crowded meal delivery industry that now includes Amazon (AMZN) and Weight Watchers (WTW). Nevertheless, the stock is soaring for a third straight day following last week's news of the company's CEO shift -- and upbeat analysts are chiming in.Earlier today, APRN received an upgrade t...Read More

One stock on the move today is low-cost carrier Southwest Airlines Co (NYSE:LUV), after Barron's mentioned LUV as one of the U.S.-focused companies that could benefit from the new Republican tax plan -- which passed the Senate in the early hours of Saturday morning, and features a reduced corporate tax rate as one of its key features.LUV stock is up 2.6% at $61.50 in electronic trading, having s...Read More

Bank stocks are getting ready to rally, after the U.S. Senate passed the Republican tax plan over the weekend. Shares of Bank of America Corp (NYSE:BAC), for instance, are up 2.5% in electronic trading -- on track to open at their highest mark since October 2008 -- as the business-friendly piece of legislation now heads to reconciliation between the House and Senate. Today's projected price move i...Read More

U.S. stocks are set to rally today, after Senate Republicansmanaged to push through a tax reform bill over the weekend. In fact, Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) futures are signaling all-time highs, as the Michael Flynn saga from last week is pushed to the back burner for the time being. One group to watch is bank stocks, with Dow components Goldman Sachs (GS) and JPMor...Read More

"The near-term risk to bulls is the move through the respective SPX and RUT century marks proving to be only temporary, as selling accompanied the RUT's last move through 1,500 in October, and there was a notable hesitation at SPX 2,600 during last Tuesday and Wednesday's trading."...The Nasdaq Composite (IXIC) continues to maintain a dominant leadership role, despite being in an 'overbought' cond...Read More