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

"The S&P 500 Index (SPX - 2,553.17), while grinding out new highs, appears to have hit a wall at the 2,550 half-century mark. This follows the rally that began in late September after two weeks of similar sideways action in the vicinity of the 2,500 century mark. Long-time readers of this weekly commentary know to pay attention to half-century marks on the SPX, as they have historically acted as m...Read More

The new study should be considerably more palatable to shareholders than Nevada Copper's last take on the Yerington, Nevada-located project, which was a 70,000 tonnes per day integrated underground/openpit operation with a US$1 billion initial price tag and an after-tax internal rate of return of 15.6%. Released in May 2015 as copper prices were in free fall, it went over like a lead balloon.Read More

Graham G. Clow, Chairman, is pleased to announce the appointment of Arthur G. Graham, MBA, P.Eng., as Vice President, Corporate Development (New York), Avakash Patel, P.Eng., as Vice President, Metallurgy (Toronto), and Grant Malensek, P.Eng./P.Geo., as Principal Engineer - Valuations (Denver). With over 37 years of experience as a financial institution mining expert with experience in operat...Read More

Individual freedom terrifies those in power. But it is an innate desire that cannot be suppressed. Therefore the media attempts to replace the drive for personal liberation with sexual liberation.It is a carnal animalistic type of “freedom” that those in power want you to focus on. They promote a temporary feeling, a fleeting pleasure. Individual freedom is about building your future....Read More

Individual freedom terrifies those in power. But it is an innate desire that cannot be suppressed. Therefore the media attempts to replace the drive for personal liberation with sexual liberation.It is a carnal animalistic type of “freedom” that those in power want you to focus on. They promote a temporary feeling, a fleeting pleasure. Individual freedom is about building your future....Read More

Alright, libertarians, you wanted drug legalization, right? Well, with opioids, via loose prescriptions, you got it, and what's happened? We are in the middle of the worst epidemic of overdose and addiction this country has ever seen, thousands are dropping like flies, and it appears that things will be getting worse before they get better. Your theories might sound nice when you don't have skin i...Read More

Alright, libertarians, you wanted drug legalization, right? Well, with opioids, via loose prescriptions, you got it, and what's happened? We are in the middle of the worst epidemic of overdose and addiction this country has ever seen, thousands are dropping like flies, and it appears that things will be getting worse before they get better. Your theories might sound nice when you don't have skin i...Read More

The Dow Jones Industrial Average (DJIA) fell triple digits, with traders spooked on reports special counsel Robert Mueller last month issuedsubpoenas to President Donald Trump's campaign staffers as part of a larger investigation into Russian collusion in the 2016 U.S. election. Uncertainty over Congress' ability to pass a GOP tax plan only stoked the bearish flames, with the S&P 500 Index (SPX) a...Read More

It was an up-and-down week for U.S. stocks, but as of this writing the Nasdaq Composite (IXIC) is well on its way for a weekly win, with the S&P 500 Index (SPX) flirting with breakeven and the Dow Jones Industrial Average (DJIA) destined for a second straight weekly loss. The Dow can direct part of the blame for its weakness on oil prices, which fell sharply mid-week due to a concerning outlook fo...Read More

Financial stocks have taken a breather lately, amid concerns about tax reform and the surprise departure of Consumer Financial Protection Bureau (CFPB) Director Richard Cordray. However, one bank stock could be a bargain at current levels, if past is prologue: Citigroup Inc (NYSE:C). Below, we'll explain why C stock could be flashing "buy" right now.Since notching a post-financial-crisis high of $...Read More

Gold prices jumped this week as the U.S. dollar weakened. This positive price action helped boost the SPDR Gold Shares (GLD), which was last seen trading up 1.2% at $122.90 -- on track for its second straight weekly win, a feat not accomplished since early September. Nevertheless, one GLD options trader is bracing for steep losses for the malleable metal in the near term, possibly bracing for a sh...Read More

U.S. stocks are trading mixed this afternoon,amid concerns about Republican tax reform plans. Among the stocks making big movesare clothing retailers Abercrombie & Fitch Co. (NYSE:ANF) and Gap Inc (NYSE:GPS), and Greek shipping concern Diana Containerships Inc (NASDAQ:DCIX). Here's a quick look at what's moving shares of ANF, GPS, and DCIX.ANF Leads NYSE After Earnings, Solid Hollister SalesAberc...Read More

It's a big day for retail stocks, with positive earnings reactions for Gap Inc (NYSE:GPS) and Foot Locker, Inc. (NYSE:FL) -- and an impressive public trading debut for Stitch Fix Inc (NASDAQ:SFIX) -- helping to drive the upside action.Most recently, the SPDR S&P Retail ETF (XRT) was up 2.7% to trade at $41.69, but one options trader is taking a defensive stance on the retail sector ahead of the up...Read More

The Dow Jones Industrial Average (DJIA) is flirting with a second straight weekly loss, with the blue-chip index sharply lower at midday. The Dow hasn't been lower for two consecutive weeks since mid-August, but hasn't suffered a three-week decline at all in 2017. While also lower, the losses have been less severe for the Nasdaq Composite (IXIC) and S&P 500 Index (SPX), as both are still pacing fo...Read More

Tesla (TSLA) made headlines last night, as Elon Musk spearheaded the dramatic unveiling of its electric semi truck. J.B. Hunt Transport Services Inc (NASDAQ:JBHT) was impressed enough to quickly reserve multiple semitractor-trailers from the electric car name. Below, we will check in with J.B. Hunt, and examine how the truck stock could fare in the wake of this big development.J.B. Hunt stock has...Read More

Retail earnings have been heating up, and the sector will continue to be in focus after the Thanksgiving holiday, too, as traders eye Black Friday and Cyber Monday sales numbers. Ahead of these annual events, Urban Outfitters, Inc. (NASDAQ:URBN) will take its turn in the earnings confessional after Monday's close. Here's a closer look at how the retail stock has been performing on the charts, and...Read More

U.S. stocks are trading mixed this morning, with traders digesting the latest news on the Republican tax reform bill. Among the stocks making moves today are sports retailers Foot Locker, Inc. (NYSE:FL) and Hibbett Sports, Inc. (NASDAQ:HIBB), and electric car company Tesla Inc (NASDAQ:TSLA). Here's a closer look at what's moving shares of FL, HIBB, and TSLA.Foot Locker Rallies on Third-Quarter...Read More

Analysts are weighing in on retail stocks Williams-Sonoma, Inc. (NYSE:WSM) and Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH), as well as drugmaker Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Here's a quick roundup of today's bearish brokerage notes on shares of WSM, SPWH, and TEVA.Williams-Sonoma Stock Downgraded After EarningsWilliams-Sonoma stock is down 13.3% at $45.83, after the Potter...Read More

Analysts are weighing in on software stock Splunk Inc (NASDAQ:SPLK), footwear retailer Shoe Carnival, Inc. (NASDAQ:SCVL), and semiconductor equipment specialist Applied Materials, Inc. (NASDAQ:AMAT). Here's a quick roundup of today's bullish brokerage notes on shares of SPLK, SCVL, and AMAT. Splunk Stock Hits Fresh High After Beat-and-RaiseSplunk stock is up 14% this morning at $79, touching a...Read More

Dow Jones Industrial Average (DJIA) futures are pointed lower this morning, as the blue-chip index attempts to eke out a weekly win. Nasdaq-100 Index (NDX) futures, however, are pointing higher this morning, as the index basks in the glow of its record close yesterday. Along with Tesla's (TSLA) semi truck buzz and a handful of well-received retailer earnings, Washington, D.C., will remain in fo...Read More