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

"Every day I ask myself the same question: How can this be happening in America? How can people like these be in charge of our country? If I didn't see it with my own eyes, I'd think I was having a hallucination."-Philip Roth, novelistIt is easy to be distracted right now by the circus politics that have dominated the news headlines for the past year, but don't be distracted.Don't be fooled, not...Read More

"Every day I ask myself the same question: How can this be happening in America? How can people like these be in charge of our country? If I didn't see it with my own eyes, I'd think I was having a hallucination."-Philip Roth, novelistIt is easy to be distracted right now by the circus politics that have dominated the news headlines for the past year, but don't be distracted.Don't be fooled, not...Read More

Getting Clever with Fear to Restrict the Internet.Representatives from the seven countries (UK, USA, Germany, Italy, France, Canada, and Japan) known as the G7 which form the Council on Foreign Relations met to discuss what to do about extremist jihadi content on the internet. They want to work with tech giants to make sure anything that could recruit or train terrorists is taken down within two h...Read More

Getting Clever with Fear to Restrict the Internet.Representatives from the seven countries (UK, USA, Germany, Italy, France, Canada, and Japan) known as the G7 which form the Council on Foreign Relations met to discuss what to do about extremist jihadi content on the internet. They want to work with tech giants to make sure anything that could recruit or train terrorists is taken down within two h...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and the Nasdaq Composite (IXIC) each touched record highs today, as a new budget plan passed by the Senate fueled optimism about tax reform. Traders also considered President Trump's comments on who will head the central bank after Fed Chair Janet Yellen's term is up, with Trump specifically naming Yellen, Fed Governor Jerome Powell...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 (SPX), and Nasdaq Composite (IXIC) all chalked up new record highs this week, with the Dow closing above the 23,000 mark for the first time ever on Wednesday -- its best day in a month -- thanks to impressive earnings from IBM. Tax reform hopes helped the Dow and SPX extend their win streaks to a sixth day on Friday, after the Senate passed a b...Read More

Stocks are higher this afternoon, with the Dow, S&P 500 Index, and Nasdaq all touching record highs once again. Mining concern Cleveland-Cliffs Inc (NYSE:CLF) and fast-food firm Del Taco Restaurants Inc (NASDAQ:TACO) are sinking, while software stock Atlassian Corporation PLC (NASDAQ:TEAM) is surging after earnings. Here's a quick look at what is moving shares of CLF, TACO, and TEAM.Cleveland-C...Read More

There are many ways call and put options can be utilized; there's a strategy out there for every market view. Today, however, we will be discussing the differences between options that are in the money (ITM), near or at the money (ATM), and out of the money (OOTM), and the pros and cons of each for options buyers. Options 101First off, an option's relation to "the money" depends on three things: w...Read More

Shares of cloud content management specialist Box Inc (NYSE:BOX) are exploding higher today. The stock was last seen up 5% at $21.62, earlier touching a two-year high of $21.76. This is just more of the same from BOX, which shot higher last Friday thanks to a price-target hike to $25 at Canaccord Genuity, and gained more momentum on Wednesday on news the Food and Drug Administration (FDA) chose th...Read More

There are lots of stories circling about stock market volatility -- or lack thereof -- and for good reason. The last time the S&P 500 Index (SPX) dropped 3% or more was June 24, 2016 -- 333 days ago -- during the Brexit panic. The S&P is now in the midst of its longest streak without a 3% pullback since 2013, and just its fourth such stretch in 20 years, according to Schaeffer's Senior Quantitativ...Read More

Earnings season is in full force, with a number of stocks already soaring to fresh highs. Looking ahead, consumer products manufacturer Kimberly-Clark Corp (NYSE:KMB) is slated to unveil its quarterly results before Monday's open. Here's a closer look at how KMB stock has been performing ahead of earnings, and how options traders are positioning themselves.Kimberly-Clark stock is down 2% today to...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading higher this afternoon, all touching fresh record highs after the Senate passed a budget plan, fueling hopes for tax cuts. Bank stocks are in rally mode, and tech is on the mend, helping to overshadow disappointing earnings from blue chips General Electric (GE) and Procter & Gamble. Elsewhere, tra...Read More

Analysts are weighing in on pharmaceutical stock Celgene Corporation (NASDAQ:CELG), medical device maker Intuitive Surgical, Inc. (NASDAQ:ISRG), and electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA). Here's a quick roundup of today's bearish brokerage notes on shares of CELG, ISRG, and TSLA.Celgene Halts Trial of Crohn's Disease DrugCelgene stock is down 10.7% at $121.46 this morning, due to n...Read More

U.S. stocks are trading higher this morning after the Senate passed a budget proposal, moving one step closer to tax reform in the process. Among the stocks making moves this morning are industrial conglomerate General Electric Company (NYSE:GE), oil services specialist Schlumberger Limited. (NYSE:SLB), and Taser parent Axon Enterprise, Inc.(NASDAQ:AAXN). Here's a closer look at what's moving shar...Read More

Analysts are weighing in on digital payment processor PayPal Holdings Inc (NASDAQ:PYPL), shoe stock Skechers USA Inc (NYSE:SKX), and athletic apparel retailer Lululemon Athletica inc. (NASDAQ:LULU). Here's a quick roundup of today's bullish brokerage notes on shares of PYPL, SKX, and LULU.PayPal Stock Soars to Record High After Raising GuidancePayPal stock is up 5.2% to trade at $70.75 and hit a r...Read More

Dow Jones Industrial Average (DJIA) futures are higher this morning, as the index looks for its sixth straight win and another record high. Markets are shaking off a rough earnings report from General Electric (GE) and poorly received Procter & Gamble (PG) earnings, with stocks pointing higher after the Senate approved a $4 trillion budget measure last night, lifting hopes for tax reform. The...Read More

Two years ago I moved to Florida from Massachusetts. When people found out I was moving, they would often immediately remark, “Get ready for the brutal heat and humidity!”It was their first instinct to bring up any possible negative about moving to a much more pleasant climate.About a year later, I posted pictures of vegetables we had grown, and chickens we keep. I also mentioned the n...Read More

Two years ago I moved to Florida from Massachusetts. When people found out I was moving, they would often immediately remark, “Get ready for the brutal heat and humidity!”It was their first instinct to bring up any possible negative about moving to a much more pleasant climate.About a year later, I posted pictures of vegetables we had grown, and chickens we keep. I also mentioned the n...Read More

After spending most of the day weighed down by Apple (AAPL) stock -- which suffered its worst day since August -- the Dow Jones Industrial Average (DJIA) managed to erase a triple-digit deficit to eke out a small gain, extending its winning streak to a fifth session. Thanks to impressive earnings from Travelers(TRV) and Verizon (VZ), the index secured a fresh record close. The S&P 500 Index (S...Read More

In the wake of its high-profile proxy battle with Nelson Peltz, Procter & Gamble Co (NYSE:PG) will take its place in the earnings confessional bright and early tomorrow morning. Ahead of the event, the Dow stock is trading down 0.6% at $91.52 amid broad-market headwinds. Options traders, meanwhile, are blasting PG -- with more than 45,100 contracts traded, almost four times what's typically seen...Read More