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

Let’s talk about power. The way I see it, there are basically two types of power, political and economic. You can wield power through the government, or through your giant bank account.In the crony world of corporate-political America, the lines are blurry. These days most people gain their political or economic power by mixing the two. But you can still tease apart whether someone’s p...Read More

Let’s talk about power. The way I see it, there are basically two types of power, political and economic. You can wield power through the government, or through your giant bank account.In the crony world of corporate-political America, the lines are blurry. These days most people gain their political or economic power by mixing the two. But you can still tease apart whether someone’s p...Read More

The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) started the session hitting record highs, as traders cheered a strong third-quarter gross domestic product (GDP) reading, which helps strengthen the case for a December rate hike. The Dow eventually closed at an all-time peak, as Wall Street continued to bet on bank stocks ahead of this week's GOP tax reform vote, and UnitedHealth (UN...Read More

For the first half of 2017, Dow stock United Technologies Corporation (NYSE:UTX) was flying high thanks to strong support from the 50-day moving average, finally hitting a record high of $124.79 in July. Since then, though, it's been a rocky ride for shareholders, as the 50-day actually turned to resistance and eventually the equity traded as low as $109 in September. Now, UTX stock is testing the...Read More

While earnings season has mostly wrapped up, some companies are still waiting for their turn in the spotlight. GoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA) steps into the earnings confessional this week, reporting third-quarter earnings after the market closes tomorrow. Here's a closer look at AMBA stock's performance lately, and how options traders are playing the GoPro supplier ahead of ear...Read More

The Fed is widely expected to raise interest rates at its December meeting, especially in the light of favorable economic data. While conventional wisdom indicates real estate stocks suffer in the face of rising rates, recent history suggests some equities in the sector could enjoy a Santa Claus rally. Below, we'll take a look at theiShares U.S. Real Estate ETF (IYR) and healthcare real estate inv...Read More

Retailers will continue to be in focus next week, as quarterly earnings reports keep rolling in. Among the higher-profile names set to report are Ascena Retail Group Inc (NASDAQ:ASNA), American Eagle Outfitters (NYSE:AEO), and AutoZone, Inc. (NYSE;AZO). However, a busy week of employment data will likely hold the bulk of Wall Street's interest, culminating in Friday's November jobs report. This ma...Read More

Stocks are trading mixed this afternoon, with the Nasdaq Composite (IXIC) sinking with tech stocks. Among the names making big moveslower are FAANG stocks Facebook Inc (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX), and Alphabet Inc (NASDAQ:GOOGL). Here's a quick look at what's moving shares of FB,NFLX, and GOOGL.Facebook Stock Moves Lower Despite Barclays NoteShares of Facebook stock have moved lowe...Read More

The tech-heavy Nasdaq Composite (IXIC) is in the midst of its worst single-day session in months. Western Digital Corp (NASDAQ:WDC) is one tech stock in particular that is feeling the pain, with the equity breaching two key technical levels today. Here's a closer look at WDC stock's performance lately, and how options traders are playing the tech stock.What was once a solid year for Western Digi...Read More

Stocks are all over the place today, as the Dow Jones Industrial Average (DJIA) enjoys another big rally, and the Nasdaq Composite (IXIC) is on pace for its worst day in three months. Like the S&P 500 Index (SPX), the Dow touched another record high earlier, thanks to strong gains from bank stocks, but it's sharp losses from tech stocks -- especially shares of FAANG and semiconductor firms -- that...Read More

VMware, Inc. (NYSE:VMW) is slated to report third-quarter earnings after tomorrow's close. The information technology stock has a history of positive earnings reactions, closing higher the day after the company reported in five of the last eight quarters. This time around, the options market is pricing in a single-session post-earnings swing of 8.3%, per Trade-Alert, and traders appear to be braci...Read More

U.S. stocks are trading higher this morning, on hopes for tax reform, and as traders eye Fed Chair Janet Yellen'stestimony. Three stocks making notable moves today are fast-casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE:CMG), drugconcern Capricor Therapeutics Inc (NASDAQ:CAPR), and Chinese automotive parts manufacturer Sorl Auto Parts, Inc. (NASDAQ:SORL). Here's a closer look at wha...Read More

Analysts are weighing in aircraft equipment maker Wesco Aircraft Holdings Inc (NYSE:WAIR), quick service restaurant name Wingstop Inc (NASDAQ:WING), and tech stock Autodesk, Inc. (NASDAQ:ADSK). Here's a quick roundup of today's bearish brokerage notes on shares of WAIR, WING, and ADSK. Wesco Aircraft Holdings Stock Hits New Lows After EarningsDeutsche Bank cut its price target on Wesco Aircraft H...Read More

Analysts are weighing in on blue chip Wal-Mart Stores Inc (NYSE:WMT), semiconductor specialist Marvell Technology Group Ltd. (NASDAQ:MRVL), and software stock Nuance Communications Inc. (NASDAQ:NUAN). Here's what's moving shares of WMT, MRVL, and NUAN. RBC Upgrades Red-Hot WMT StockRBC this morning upgraded Wal-Mart stock to "sector perform" from "underperform" and bumped its price target up to $...Read More

Dow Jones Industrial Average (DJIA) futures are pointed higher again this morning, after the index closed at a record high on hopes for tax reform.Traders are seemingly shrugging off North Korea's latest ballistic missile launch into the Sea of Japan, and President Trump's subsequent remarks that the U.S. will "take care of it." Elsewhere, the second reading of third-quarter gross domestic produc...Read More

Barring a significant pullback over the next couple of days, the S&P 500 Index (SPX) will coast into December on an eight-month winning streak. Below, I look how stocks have performed in December, and then how they've done after these winning streaks, which we've seen just nine other times in history. This might give us an idea of what to expect in the coming month and in 2018.December Returns for...Read More

RESOURCEStocks: The ARG share price is at its highest level in five years, and well up on a year ago. Notwithstanding a 16.5% increase in the copper price YTD, is that a decent reflection of the progress you have made this year, or has ARG just turned the corner?Rob Henderson: I believe that investor awareness of Amerigo is improving and our recent Q3 earnings of US$7.9 million demonstrate that we...Read More

Robots are taking our jobs. We all know that by now. And it sounds scary. But it really isn’t.It is understandably upsetting if you are one of the people who will be out of a job. There can be growing pains as the economy shifts. People who thought they were all set until retirement might have to find new jobs, and gain new skills.But robots taking menial jobs means more time. Some people us...Read More

Robots are taking our jobs. We all know that by now. And it sounds scary. But it really isn’t.It is understandably upsetting if you are one of the people who will be out of a job. There can be growing pains as the economy shifts. People who thought they were all set until retirement might have to find new jobs, and gain new skills.But robots taking menial jobs means more time. Some people us...Read More

It was another breakout trading session on Wall Street today, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all soaring to new heights. Financial shares rallied after Fed chair nominee Jerome Powell said at today's confirmation hearing that current bank regulations are "tough enough," and that "the case for raising interest rates at our next meeting...Read More