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

U.S. stocks are mixed ahead of the Thanksgiving holiday, though the Nasdaq Composite (IXIC) carved out a new high earlier. Among those making the biggest moves are online vehicle auction services provider Copart, Inc. (NASDAQ:CPRT), bitcoin biochain expert Riot Blockchain Inc (NASDAQ:RIOT), and Roomba maker iRobot Corporation (NASDAQ:IRBT). Here's a quick look at what's moving shares of CPRT, RI...Read More

Earlier today, Square Inc (NYSE:SQ) stock hit a new record of $49.55 -- marking its 10th consecutive session of all-time highs, fueled in large part by optimism over the mobile payment company's recent move to allow its customers to buy and sell bitcoin. However, SQ has since reversed course to trade down 1.7% at $47.24, on pace for its first daily loss in over a week.Meanwhile, the recent crop of...Read More

Oil prices have been climbing amid increased expectations members of the Organization of Petroleum Exporting Countries (OPEC) and non-cartel members will extend their production cut agreement at next week's meeting. This positive price action is continuing today, with January-dated crude futures up 1.9% at $57.88 per barrel, after data showed a surprise decline in domestic crude supplies. As such,...Read More

Stocks are bouncing around breakeven today, as trading volumes remain muted before the Thanksgiving holiday tomorrow. However, the Nasdaq Composite (IXIC) managed to touch a fresh record high in early action. And while the Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) trade in a tight range, many investors will likely stay glued to the market to see this afternoon's release of the Fe...Read More

The Consumer Discretionary Select Sector SPDR Fund (XLY) -- whose top holdings include FAANG stocks Amazon (AMZN) and Netflix (NFLX) -- has been roaring higher, as solid earnings and an ongoing tech rally help boost the sector. Earlier today, XLY shares hit a record high of $94.55, but options traders think there's even more upside on the horizon.At last check, roughly 3,600 calls had traded on XL...Read More

It's been a rocky year for most telecom stocks, as evidenced by the price action of the iShares U.S. Telecommunications ETF (IYZ). The exchange-traded fund (ETF) has been exploring a channel of lower highs and lows since its early 2017 peak, and plummeted to a new annual low in early November, after Sprint (S) and T-Mobile (TMUS) called off their merger. Against this backdrop -- and with AT&T (T)...Read More

Amazon (AMZN) may be the ever-growing monolith of the online retail space, but it's hardly the only stock in the sector that's worth your attention. With the busy holiday shopping season kicking off this week, the shares of online retail hub Etsy Inc (NASDAQ:ETSY) just sent up a reliably bullish signal on the charts.Specifically, ETSY has had a lengthy stay above its 80-day moving average, and rec...Read More

Analysts are weighing in on cloud name salesforce.com, inc. (NYSE:CRM), Outback Steakhouse parent Bloomin' Brands Inc (NASDAQ:BLMN), and retail stock GameStop Corp. (NYSE:GME). Here's a quick roundup of today's bearish brokerage notes on shares of CRM, BLMN, and GME.Salesforce Stock Downgraded After Dismal Profit ForecastAnalysts were quick to weigh in on Salesforce.com, after the cloud concern u...Read More

U.S. stocks are trading close to breakeven in low-volume, pre-holiday action. Three stocks making moves today are e-commerce solutions company Baozun Inc (NASDAQ:BZUN), farming machinery concern Deere & Company (NYSE:DE), and Chinese machinery company Cleantech Solutions International Inc (NASDAQ:CLNT). Here's a closer look at what's moving shares of BZUN, DE, and CLNT.BZUN Falls After Third-Q...Read More

Analysts are weighing in on semiconductor specialist Marvell Technology Group Ltd. (NASDAQ:MRVL), cybersecurity expert Palo Alto Networks Inc (NYSE:PANW), and biotech stock Sangamo Therapeutics Inc (NASDAQ:SGMO). Here's what's moving shares of MRVL, PANW, and SGMO. Barlcays Upgrades Marvell StockBarclays is weighing in on Marvell Technology stock after the company's big M&A announcement earlier t...Read More

Dow Jones Industrial Average (DJIA) futures are trading above fair value ahead of what's expected to be a low-volume session. Nevertheless, a jam-packed economic calendar leaves plenty to digest for those lingering on Wall Street ahead of the Thanksgiving holiday. While early data showed durable goods unexpectedly fell 1.2% in October, the day's marquee event will be the 2 p.m. ET release of the...Read More

With retail stores opening on Thanksgiving, Cyber Monday becoming a thing, and websites running deals all weekend, Black Friday doesn't seem as momentous as it once was. In any case, it's a telling time for retail stores -- and retail stocks. News reports of lines and fist fights will emerge later this week, and they will be used to gauge consumer strength and the economy, in general. This made me...Read More

With mining stocks, many investors/speculators are fixated on alpha plays because they are so damn exciting… With these stocks, it’s normal to witness double digit (or more) fluctuations in share price in a single trading session due to a new press release…Well, like most things, there’s a yin and a yang…What goes up usually comes back down….And oftentimes, on t...Read More

Every once in a while a technology comes along that upsets an entire industry.Digital cameras put Kodak out of business. The giant of the photography industry had the opportunity to adopt the technology early. But their profits depended on selling film more than selling cameras.And this is not a new phenomenon.When the printing press was invented in the 15th century, it revolutionized education fo...Read More

Every once in a while a technology comes along that upsets an entire industry.Digital cameras put Kodak out of business. The giant of the photography industry had the opportunity to adopt the technology early. But their profits depended on selling film more than selling cameras.And this is not a new phenomenon.When the printing press was invented in the 15th century, it revolutionized education fo...Read More

It was a record-setting session on Wall Street today. Not only did the Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) hit record highs, but the S&P 500 Index (SPX) topped 2,600 for the first time ever -- and Goldman Sachsraised its 2018 target for the benchmark to 2,850, based on expectations for tax reform. Tech stocks led the path higher, while a strong batch of earnings reports...Read More

U.S. stocks have rallied to record levels today. Among those making the biggest moves are semiconductor stock Mellanox Technologies, Ltd. (NASDAQ:MLNX), transportation industry services provider Cubic Corporation (NYSE:CUB), and drugmaker Celsion Corporation (NASDAQ:CLSN). Here's a quick look at what's moving shares of MLNX, CUB, and CLSN. Starboard Stake Provides Tailwinds for Mellanox Techno...Read More

Tech stocks are leading the stock market rally today, and chipmaker Micron Technology, Inc. (NASDAQ:MU) is soaring right alongside its sector peers. At last check, the shares were up 3.8% to trade at $49.46 -- fresh off a 16-year high of $49.56 -- after Evercore ISI called Micron "the strongest stock within the [semiconductors and technology] group," and said the equity could surge another 25%. Op...Read More

The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) ended last week in the red, marking their first back-to-back weekly losses since August. What's more, the indexes haven't suffered a three-week losing streak since mid-2016 -- and it's not looking like another weekly loss is in the cards, with stocks at record highs. There have been just six calendar years in history where the Dow and...Read More

While "Grand Theft Auto" parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) continues to bask in its earnings victory earlier this month, sector peer Electronic Arts Inc. (NASDAQ:EA) has found itself in hot water, after extensive backlash related to micro payments in its latest high-profile video game "Star Wars: Battlefront II". Below, we will check in with EA to see how the video game stoc...Read More