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 Dow Jones Industrial Average (DJIA) was down nearly 167 points at its intraday low, and while the blue-chip index managed to pare these losses, it still closed at its lowest point since Oct. 19. Sparking the risk-off session was another big drop in oil prices, as supply and demand concerns resurfaced, while a sharp decline for Caterpillar (CAT) only exacerbated the Dow's woes. This negative pr...Read More

The latest round of corporate earnings has put a spotlight on the retail sector, with shares of Target (TGT) today falling on the company's disappointing outlook for the holiday season. More names from this group are gearing up to release quarterly results in the days ahead, including Foot Locker (FL) and Abercrombie & Fitch (ANF). And according to data from Schaeffer's Senior Quantitative Analyst...Read More

U.S. stocks are trading lower as the nosedive in oil prices continue. Among the stocks making big movesare oil-and-gas concerns SandRidge Energy, Inc. (NYSE:SD) and Marathon Petroleum Corp (NYSE:MPC), as well as mobile payments stock Square Inc (NYSE:SQ). Here's a quick look at what's moving shares of SD, MPC, and SQ. SD Stock is Biggest NYSE Loser on Plans to Buy Bonanza CreekSandRidge Energy...Read More

Stock market exposure by active money managers has plummeted in recent weeks, as evidenced by the National Association of Active Investment Managers (NAAIM) survey. Specifically, last week's NAAIM index touched 56.16 -- the lowest since May 2016 -- and has fallen by40% in the past six weeks. Against this backdrop, we decided to take a look at how the S&P 500 Index (SPX), as well as the CBOE Volati...Read More

Retailer Ross Stores, Inc. (NASDAQ:ROST) willreport third-quarter earnings after the close tomorrow. While sector peer Foot Locker (FL) hopes to buck its ugly post-earnings trend, Ross Stores would like to see a repeat of its recent earnings reactions. What's more, ROST shares tend to outperform during the week of Thanksgiving. Below, we will examine Ross Stores' earnings trends and how options...Read More

It's another risk-off session for U.S. stocks, with the Dow Jones Industrial Average (DJIA) dipping almost 167 points at its session low. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also lower at the halfway point, though the latter index has rebounded hard off its morning lows. The CBOE Volatility Index (VIX) -- or the stock market's "fear gauge" -- earlier peaked above 14.50, into te...Read More

It's a busy week for retail earnings, with Abercrombie & Fitch Co. (NYSE:ANF) set to release its results ahead of Friday's open. The shares have a history of making volatile post-earnings moves. Over the past eight quarters, ANF stock has averaged a one-day swing of 14.9% in the session subsequent to the report -- including a 17.1% one-day pop in August. This time around, the options market is pri...Read More

Retail stocks have been in focus lately as earnings season rolls on. The next big name up is shoe retailer Foot Locker, Inc. (NYSE:FL), which will step into the earnings confessionalbefore Friday's opening bell. Given how fellow retail peers Target (TGT) and Dick's Sporting Goods (DKS) fared after earnings, Foot Locker's earnings reaction is highly anticipated. Here's a closer look at FL sto...Read More

U.S. stocks are trading lower this morning, with equities taking their lead from tumbling oil prices. Among the stocks making moves today are retailer Target Corporation (NYSE:TGT), car parts manufacturer SORL Auto Parts, Inc. (NASDAQ:SORL), and pharmaceutical concern Acorda Therapeutics Inc (NASDAQ:ACOR). Here's a closer look at what's moving shares of TGT, SORL, and ACOR.Target Falls on Disap...Read More

Analysts are weighing in on homebuilder Beazer Homes USA, Inc. (NYSE:BZH), Chinese social media stock YY Inc (NASDAQ:YY), and biotech Sangamo Therapeutics Inc (NASDAQ:SGMO). Here's a quick roundup of today's bullish brokerage notes on shares of BZH, YY, and SGMO. More Highs for BZH Stock After Earnings BeatBeazer Homes last night announced a top- and bottom-line beat for the company's fiscal fourt...Read More

Analysts are weighing in on Snapchat parent Snap Inc (NYSE:SNAP), semiconductor stock MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI), and retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY). Here's a quick roundup of today's bearish brokerage notes on SNAP, MTSI, and BBBY stocks.Soros Dissolves SNAP StakeSoros Fund Management dissolved its entire stake in Snap in the third quarter. Meanwhile, JM...Read More

Dow Jones Industrial Average (DJIA) futures are down over 100 points this morning, as markets react to plummeting oil prices and lingering concerns over the U.S. tax overhaul. Crude futures are extending yesterday's slide this morning, with December-dated oil down 1.1% at $55.10 per barrel, ahead of today's weekly inventories data. Meanwhile, the Dow is once again being dragged down by General El...Read More

Thanksgiving week is always a low-volume trading week, with markets open less than four days (Friday is a half-day for U.S. stocks). This week, I'll look at what stocks have done in the past during the week of Thanksgiving, while also finding which stocks tend to do well during the holiday week.Stocks During Thanksgiving WeekThanksgiving week itself tends to be bullish. Over the past 50 years, the...Read More

Palisade Research November 15, 2017 Category: Research In any industry, deal flow is key. Being the first to unearth new and exciting opportunities is the difference between making it big and making it nowhere at all. Firesteel's management has demonstrated such an ability, sprinkled with a little luck. Through the course of their dealings, Michael Hepworth and Basil Botha came across a group who...Read More

Have you ever tried to go out to dinner with a party of 20? This is a group of people with presumably the same core value: you all want to have dinner with some friends. So everyone is in agreement on the goal, even if a few guys just go along to make their wives happy.The decision of where to go out to eat is usually left to just a few people in the group. Some people might voice support for this...Read More

Have you ever tried to go out to dinner with a party of 20? This is a group of people with presumably the same core value: you all want to have dinner with some friends. So everyone is in agreement on the goal, even if a few guys just go along to make their wives happy.The decision of where to go out to eat is usually left to just a few people in the group. Some people might voice support for this...Read More

It was a negative session on Wall Street today, with the Dow Jones Industrial Average (DJIA) falling in step with General Electric (GE) -- which slumped to its lowest point since late 2011. And while a positive earnings reaction for Home Depot (HD) helped pull the Dow and S&P 500 Index (SPX) off their intraday lows, sinking oil prices kept stocks in the red.Meanwhile, ahead of a Wall Street Journa...Read More

There's been notable options trading activity on media stock CBS Corporation (NYSE:CBS) today. At last check, calls and puts were both crossing at a rate projected to be three times the average daily volume, and total open interest on the security is now at a 52-week high. The vast majority of this volume comes from massive spread activity at the weekly 11/24 75-strike call and put, some of which...Read More

U.S. stocks are continuing their pullback this afternoon, as General Electric (GE) continues its disastrous decline. Among the stocks making big movesare restaurant chain Buffalo Wild Wings (NASDAQ:BWLD), entertainment streaming service Roku Inc (NASDAQ:ROKU), and technology infrastructure concern Switch Inc (NYSE:SWCH). Here's a quick look at what's moving shares of BWLD, ROKU, and SWCH.BWLD High...Read More

It's no secret the stock market has cooled off recently, as traders fret about tax reform, corporate earnings, and General Electric (GE). In fact, at its session low today, the S&P 500 Index (SPX) was trading south of its 20-day moving average. The last time the SPX ended below this trendline was Aug. 30, meaning it hasn't been breached for 52 trading days -- the longest streak in years. Below, we...Read More