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
A tech rally and a relatively strong batch of corporate earnings are lifting U.S. stocks today. The Dow Jones Industrial Average (DJIA) is well into triple-digit-gain territory, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are rallying impressively, as well, with all three benchmarks notching record highs. The major indexes are on pace for back-to-back wins, even as trading volumes rema...Read More
ServiceNow Inc (NYSE:NOW) has been on a roll this year, adding 70% in 2017. The cloud stock has pulled back after hitting an all-time high of $129.56 on Oct. 23, but this pullback has been contained by the shares' rising 40-day moving average, which has served as support since mid-July. As such, it looks like a prime time to bet on the security's next leg higher. Despite NOW's surge up the char...Read More
U.S. stocks are surging this morning following a fresh round of earnings reports, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) fresh off record highs. However, jewelry maker Signet Jewelers Ltd. (NYSE:SIG), shoe peddler DSW Inc. (NYSE:DSW), and biotech Cytokinetics, Inc. (NASDAQ:CYTK) are three stocks currently short-sale restricted (SSR), after barreling lower this morning. Here's a c...Read More
Analysts are weighing in on media stocks -- and merger hopefuls -- Time Warner Inc (NYSE:TWX) and AT&T Inc. (NYSE:T), as well as fellow telecommunications name Verizon Communications Inc. (NYSE:VZ). Here's a quick roundup of today's bearish brokerage notes on shares of TWX, T, and VZ.Oversold Time Warner Stock BouncesTime Warner shares are up 0.6% to trade at $88.25, even as Barclays cut its pric...Read More
Analysts are weighing in on Dow stock Boeing Co (NYSE:BA), retailer Urban Outfitters, Inc. (NASDAQ:URBN), and cybersecurity expert Palo Alto Networks Inc (NYSE:PANW). Here's a quick roundup of today's bullish brokerage notes on shares of BA, URBN, and PANW. Jefferies Bumps Up Price Target On BA Stock Boeing stock is trading up 0.6% at $266.08 this morning, just below its Nov. 8 record high of $26...Read More
Dow Jones Industrial Average (DJIA) futures arehigher this morning, flirting with a triple-digit lead, after the index kicked off Thanksgiving weekin the black yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also pointed higher ahead of what should be another light-volume session. Traders are digesting the latest batch of earnings from the retail sector, with Urban Outfitte...Read More
CEO Errol Smart spoke to Mining Journal about the secondary listing, investor appetite, advancing the Prieska project and the company's upcoming milestones.Read More
Palisade Research November 21, 2017 Category: Research Chinese traders are increasingly driving the global price of copper.And it is absolutely showing.Because of this, the Chicago Mercantile Exchange, also known as the CME, is planning something big in the next couple days.And that is to launch a futures contract for copper against spot copper prices in Shanghai. The CME said that these con...Read More
Palisade Research November 21, 2017 Category: Research Chinese traders are increasingly driving the global price of copper.And it is absolutely showing.Because of this, the Chicago Mercantile Exchange, also known as the CME, is planning something big in the next couple days.And that is to launch a futures contract for copper against spot copper prices in Shanghai. The CME said that these con...Read More
The Dow Jones Industrial Average (DJIA) spent the day modestly higher, kicking off a historically low-volume holiday week with a gain. Investors cheered a rally in tech and telecom stocks, as well as stronger-than-expected economic data, which helped ease lingering concerns about tax reform. Meanwhile, the greenback gained ground against the euro in the wake of political uncertainty in Germany, se...Read More
Software solutions provider HP Inc (NASDAQ:HPQ) will report fiscal fourth-quarter earnings after the close tomorrow. Furthermore, HPQ shares have recently pulled back to a historically bullish trendline. Below, we will take a look at this potential buy signal, and examine howHP stock could fare in the coming weeks.HP stock has had a productive year, tacking on nearly 50% in 2017 alone. The share...Read More
Just last week, one sentiment poll we follow showed active money managers reducing their stock market exposure atfever pitch, sending up a sentiment signal not seen in almost two years. Echoing that, the number of self-identified bulls in the latest American Association of Individual Investors (AAII) sentiment survey plummeted by the most since April 2013 last week. Against this backdrop, we decid...Read More
The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are entertainment giant Walt Disney Company (NYSE:DIS) and e-commerce stock Alibaba Group Holding Ltd (NYSE:BABA). Below we...Read More
U.S. stocks are trading cautiously higher this afternoon, with volume quiet ahead of the Thanksgiving holiday. Among the names making big movesare tech stock Marvell Technology Group Ltd. (NASDAQ:MRVL), plus biopharmaceutical companies DBV Technologies SA (NASDAQ:DBVT) and Intra-Cellular Therapies Inc (NASDAQ:ITCI). Here's a quick look at what's moving shares of MRVL, DBVT, and ITCI.Marvell Jump...Read More
Retailer earnings have been relatively well-received this quarter, with Abercrombie & Fitch (ANF) stock among the most recent winners. In addition, Home Depot (HD) stock charged to new heights last week after earnings, and next up in the earnings confessionalis sector peer Lowe's Companies, Inc. (NYSE:LOW), which reports earnings before the open tomorrow. Here's a closer look at LOW stock's perfor...Read More
The Dow Jones Industrial Average (DJIA) is rallying today, though volume is predictably light for first day of the holiday-shortened week. Meanwhile, the gains have been less impressive for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), as tax reform concerns and political uncertainty in Germany loom. The economic calendar is rather bare for today, but the index of leading economic indicator...Read More
U.S. stocks are trading modestly higher this morning, as uncertainty remains over the GOP tax plan. Among the stocks making moves today are drug stock Acorda Therapeutics Inc (NASDAQ:ACOR), biotech company Shire PLC (NASDAQ:SHPG), and construction and engineering firm Dycom Industries, Inc. (NYSE:DY). Here's a closer look at what's moving shares of ACOR, SHPG, and DY.ACOR Bounces After Halting Pa...Read More
Analysts are weighing in on Dow stock Wal-Mart Stores Inc (NYSE:WMT), beverage maker Monster Beverage Corporation (NASDAQ:MNST), and healthcare name Cardinal Health Inc (NYSE:CAH). Here's a quick roundup of today's bearish brokerage notes on shares of WMT, MNST, and CAH.Overbought Wal-Mart Stock Gets Downgraded at Goldman SachsOne day after hitting a record high following the retailer's blowout e...Read More
Analysts are weighing in on mobile payments stock Square Inc (NYSE:SQ), automaker General Motors Company (NYSE:GM), and e-commerce juggernaut Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick roundup of today's bullish brokerage notes on shares of SQ, GM, and AMZN. Credit Suisse Bullish on Square's Bitcoin PushSquare stock last week soared to a record high of $45.74, and was last seen trading jus...Read More
Dow Jones Industrial Average (DJIA) futures are cautiously higher to start the historically quiet Thanksgiving week, after the index suffered its first back-to-back weekly losses since August. Both S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also slightly higher. Stock traders are eyeing political uncertainty both at home and abroad, between Congress' ability to pass a GOP tax p...Read More