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

After each touching record highs in early trading, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all pulled back, dragged down by struggling financial stocks and dismalearnings reports from Priceline (PCLN) and TripAdvisor (TRIP), to name two. Only the Dow managed to eke out a win, swinging higher in the final minutes of trading to notch a sixth straight...Read More

Earnings season continues this week, as traders today digested negative reactions from travel and drug stocks alike. After the close Wednesday, Wall Street will hear from TV streaming platform provider Roku Inc (NASDAQ:ROKU) -- marking its first earnings report as a publicly traded company. Here's a closer look at what ROKU options traders are expecting from the entertainment stock ahead of th...Read More

Shares of Hertz Global Holdings Inc (NYSE:HTZ) are getting smacked today, after sector peer TrueCar (TRUE) reported its first revenue miss in almost two years and gave dismal sales guidance. At last check, HTZ stock was down 19.5% to trade at $20.35, earlier touching the round $20 mark for the first time since early September. And ahead of the car rental company's own turn in the earnings confessi...Read More

Square Inc (NYSE:SQ) is scheduled to report earnings after the market closes on Wednesday, and options volume has been unusually heavy heading into the event. In fact, put and call open interest currently sit at 52-week highs, with traders on both sides of the aisle placing bets before the release. Below, we'll take a closer look at recent options activity on SQ stock, and how the shares have been...Read More

Retail stocks are spiraling today, on reports major department stores have ordered less inventory for the holiday season. Even as rumors swirl over a possible Amazon takeover (subscription required), shares of Kohl's Corporation (NYSE:KSS) are down 4.8% to trade at $40.56. Nevertheless, one options trader seems confident KSS will bounce back by week's end -- a time frame that includes the retailer...Read More

Stocks are trading lower this afternoon, despite a brush with record highs this morning. Among the stocks making big movesare pharmaceutical concerns Mallinckrodt PLC (NYSE:MNK),Keryx Biopharmaceuticals (NASDAQ:KERX), and Five Prime Therapeutics Inc (NASDAQ:FPRX). Here's a quick look at what's moving shares of MNK, KERX, and FPRX.Mallinckrodt Stock Falls on Disappointing Drug SalesMallinckrodt sto...Read More

Canadian Solar Inc. (NASDAQ:CSIQ) will report third-quarter earnings before Thursday's opening bell. Given how sector peer First Solar (FSLR)rallied in late October after earnings, the solar company's earnings reaction is highly anticipated. Here's a closer look at CSIQ stock's performance lately, and how options traders are positioning themselves ahead of earnings.Although the Guggenheim Solar ET...Read More

After again touching record highs this morning, the Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) have pulled back sharply. Investors are digesting the latest round of earnings reports, and the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) for September, which remained near record levels. Next up is an afternoon speech from departing Fed...Read More

Shares of Blue Apron Holdings Inc (NYSE:APRN) are spiraling today, after Weight Watchers (WTW) said it will test a meal-delivery service -- throwing its hat in an increasingly crowded space that includes Amazon (AMZN). At last check, APRN stock was down 16.4% at $3.29, fresh off a record low of $3.24. Nevertheless, call volume is accelerated, with a number of options traders eyeing a quick rebound...Read More

Bank stock Morgan Stanley (NYSE:MS) recently pulled back to its ascending 40-day moving average, which has marked buying opportunities in the past. Despite the recent dip, the equity is up more than 18% year-to-date, and over 52% year-over-year, outperforming the broader S&P 500 Index (SPX) and the Financial Select Sector SPDR Fund (XLF). What's more, the shares are trading above $46, which is hal...Read More

U.S. stocks are trading modestly higher this morning, with the major equity indexes hitting fresh record highs out of the gate. Among the stocks making moves are drug concern Valeant Pharmaceuticals International Inc (NYSE:VRX), enterprise software provider Salesforce.com, Inc. (NYSE:CRM), and drybulk shipping company Diana Containerships Inc (NASDAQ:DCIX). Here's a closer look at what's moving sh...Read More

Analysts are weighing in on athleisure stock Under Armour Inc (NYSE:UAA), Oprah-endorsed Weight Watchers International, Inc. (NYSE:WTW), and homemade goods platform Etsy Inc (NASDAQ:ETSY). Here's a quick roundup of today's bullish brokerage notes on shares of UAA, WTW, and ETSY. Susquehanna Upgrades Under Armour StockUnder Armour stock was upgraded to "neutral" from "negative" at Susquehanna, send...Read More

Analysts are weighing in on travel stocks Priceline Group Inc (NASDAQ:PCLN) and Tripadvisor Inc (NASDAQ:TRIP), as well as online car-shopping service TrueCar Inc (NASDAQ:TRUE). Here's a quick roundup of today's bearish brokerage notes on PCLN, TRIP, and TRUE.Priceline Shares Tank on Disappointing GuidanceDespite the travel company's third-quarter earnings and revenue beat, Priceline stock is dow...Read More

Dow Jones Industrial Average (DJIA) futures are sluggish, but pointed slightly higher this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also flat, after the indexes touched record highs yesterday. Earnings season continues to chug along, while markets await theLabor Department's latest Job Openings and Labor Turnover Survey (JOLTS), due out at 10:00 a.m. ET. President T...Read More

Anytime someone in an elite or powerful position starts saying the population is too high we should get worried. You can bet it isn’t their friends and family that they are talking about overpopulating the Earth.Of course, they are talking about people whom they consider peasants. Definitely me, and probably you too. We are the ones crowding this little planet, and we are the ones whose carb...Read More

Anytime someone in an elite or powerful position starts saying the population is too high we should get worried. You can bet it isn’t their friends and family that they are talking about overpopulating the Earth.Of course, they are talking about people whom they consider peasants. Definitely me, and probably you too. We are the ones crowding this little planet, and we are the ones whose carb...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each touched record highs today, even as telecom stocks sank after Sprint (S) ended merger talks with T-Mobile (TMUS). Instead, traders cheered takeover chatter in the chip sector, after Broadcom (AVGO) made an unsolicited $103 billion buyout bid for Qualcomm (QCOM), and energy stocks rallied with oil pric...Read More

Semiconductor stocks have been red-hot lately, between an AMD-Intel partnershipand Broadcom's unsolicited buyout bid for Qualcomm. Amid all of the action, the VanEck Vectors Semiconductor ETF (SMH) hit a record high of $104.20 today, last seen up 1% at $104.04. Below, we will examine SMH's record run and see how options traders have been positioning themselves. Today's milestone is the cherry o...Read More

It's a big week for retail earnings, with accessories designer Michael Kors (KORS) kicking things off this morning with a blowout report. Looking ahead, department store Macy's Inc (NYSE:M) is scheduled to report earnings Thursday morning. Ahead of the event, M stock is down 1.6% at $18.07 -- fresh off a seven-year low of $17.94 -- after Morgan Stanley reiterated its negative fourth-quarter outloo...Read More

Stocks are trading higher this afternoon, with traders digesting major M&A developments and high-profile Saudi Arabian arrests. Among the stocks making big moves this afternoon are luxury retailer Michael Kors Holdings Ltd (NYSE:KORS), firearm producer Sturm Ruger & Company Inc (NYSE:RGR), and woman's healthcare company TherapeuticsMD Inc (NASDAQ:TXMD). Here's a quick look at what's moving share...Read More