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

Markets are slumping today, with the Dow, S&P 500, and Nasdaq Composite all lower on the Black Monday anniversary. Telecom stock Verizon Communications (NYSE:VZ) and pharmaceutical firm Uniqure NV (NASDAQ:QURE) are higher today, while tobacco giant Philip Morris International Inc. (NYSE:PM) is sinking after earnings. Here's a quick look at what is moving shares of VZ, QURE, and PM.Verizon Sto...Read More

U.S. stocks are pulling back from record highs today, as Apple Inc. (NASDAQ:AAPL) leads a tech sell-off. However, a stock market breather this week may not be too surprising, considering we recently sent up an overbought signal that's sounded only two other times this year. Below, we'll break down the overbought signal, and explain why a tech cool-down may have been in the cards. We'll also unveil...Read More

Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) have been sliding in recent days, falling below their 200-day moving average to trade at $12.38. In fact, if the shares closed lower today, it would mark their seventh straight loss. The sell-off was apparently good news for one VRX options trader, who seemingly just cashed out a major bearish position for a big win. At last check, more than 13...Read More

Third-quarter earnings reports continue to flood in from Dow members like American Express Company (NYSE:AXP), which is trading lower this afternoon despite an earnings beat. Another handful of blue-chip companies are expected to release quarterly earnings next week, but first, traders will digest results from General Electric Company (NYSE:GE) tomorrow morning.Here's a closer look at GE ahead...Read More

Biopharmaceutical stock Juno Therapeutics Inc (NASDAQ:JUNO) has been moving primarily sideways on the charts in recent months, despite managing to hit twin peaks around the $47 level in September. However, the stock just met up with a key trendline that has had bullish implications in the past. If history repeats itself, JUNO stock could be screaming "buy" right now.According to Schaeffer's Senior...Read More

Subscribers to Schaeffer's Weekly Options Trader service recently scored a 132% profit from weekly 10/13 205-strike 3M Co (NYSE:MMM) calls. Below, we'll break down why we were bullish on MMM and how the successful options trade unfolded. When we recommended the weekly calls on Sept. 29, 3M stock had just moved off an overbought condition. Plus, the Dow stock was up around 17% year-to-date, and...Read More

Another onslaught of quarterly earnings are due this week, with big-cap companies like Boeing Co (NYSE:BA), Exxon Mobil Corporation (NYSE:XOM), Intel Corporation (NASDAQ:INTC), McDonald's Corporation (NYSE:MCD), and Visa Inc (NYSE:V) set to report. Earnings from FAANG names Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOGL) are also slated for release. On the economic front, traders...Read More

While the broader stock market takes a breather today, we're searching for names bullish options traders may want to target. Based on data provided by Schaeffer's Senior Quantitative Analyst Rocky White, we landed on biotech stocks Amicus Therapeutics, Inc. (NASDAQ:FOLD) and Flexion Therapeutics Inc (NASDAQ:FLXN). Not only are the shares flashing potential "buy" signals, but options data suggests...Read More

Apple stock is spiraling today -- the worst Dow stock so far -- amid concerns for iPhone 8 demand and Apple Watch cellular connection failures in China. Against this backdrop, it's not too surprising to see a number of Apple suppliers on the decline, too, with chip stocks Advanced Micro Devices, Inc. (NASDAQ:AMD), Broadcom Ltd (NASDAQ:AVGO), and Qorvo Inc (NASDAQ:QRVO) all trading in the red. Here...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all trading lower on this Black Monday anniversary, dragged into the red by tech stocks. Most notably, Apple (AAPL) stock is weighing on the Dow, as concerns about the iPhone 8 and Apple Watch overshadow an earnings beat from Verizon (VZ). U.S. stocks are also taking cues from across the pond, as politi...Read More

Analysts are weighing in on biotech Gilead Sciences, Inc. (NASDAQ:GILD), software company Adobe Systems Incorporated (NASDAQ:ADBE), and credit card provider American Express Company (NYSE:AXP). Here's a quick roundup of today's bullish brokerage notes on shares of GILD, ADBE, and AXP.Gilead Sciences Stock Pops on FDA Cancer Drug ApprovalGilead Sciences stock is up 1.7% to trade at $81.40, after th...Read More

U.S. stocks are trading lower this morning, pressured by weakness in the tech sector. Among the stocks making moves this morning are United Airlines parent United Continental Holdings, Inc. (NYSE:UAL), tech powerhouse Apple Inc. (NASDAQ:AAPL), and drug concern Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP). Here's a closer look at what's moving shares of UAL, AAPL, and CRBP.Shares of UAL Fall...Read More

Analysts are weighing in on Dow stock Nike Inc (NYSE:NKE), medical device maker Mazor Robotics Ltd (NASDAQ:MZOR), and fast-casual restaurant chain Chipotle Mexican Grill, Inc. (NASDAQ:CMG). Here's a quick roundup of today's bearish brokerage notes on shares of NKE, MZOR, and CMG.Nike Inventory Glut Behind Goldman Sachs DowngradeNike stock is down 0.6% to trade at $52, after Goldman Sachs downgrade...Read More

Today marks the 30th anniversary of the infamous 1987 "Black Monday" stock market crash, and -- despite a geopolitical environment that's fairly riddled with risk and uncertainty -- the major equity indexes have soared to multiple consecutive record highs. Meanwhile, over the last six months, the average daily CBOE Volatility Index (VIX) reading has been a mere 10.82 -- well below the VIX's five-y...Read More

Dow Jones Industrial Average (DJIA) futures are lower this morning, signaling the index's pullback from record highs. The slowdown can be attributed to a combination of overseas trouble in Spain, a downgrade for Nike (NKE) stock, and what could be a rough day for Apple (AAPL), amid concerns about iPhone 8 demand and reports of Apple Watch trouble in China. The S&P 500 Index (SPX) and Nasdaq-100 I...Read More

This Thursday, Oct. 19, will mark the 30th anniversary of Black Monday -- when the stock market notoriously crashed in 1987. This week, we'll be publishing a handful of features in observance of the event. Yesterday, we kicked things off with a look at the stock market changes since Black Monday, and how the S&P 500 Index (SPX) tends to perform after major meltdowns. Today, we'll eye some of the n...Read More

The Dow Jones Industrial Average (DJIA) had another record-shattering session, closing above the 23,000 level for the first time ever -- just one day before the 30th anniversary of Black Monday. IBM stock helped propel the Dow to its best day in more than a month, as the blue chip rallied after earnings, and a surge in financial stocks ushered the S&P 500 Index (SPX) to a record high of its ow...Read More

The Dow is soaring today, topping 23,000 level and setting another intraday record in the process. Grocery stock Supervalu Inc. (NYSE:SVU) and video game maker Electronic Arts Inc. (NASDAQ:EA) are having tough days, while insurance issue Anthem Inc (NYSE:ANTM) toasts some good news. Here's a quick look at what is moving shares of SVU, EA, and ANTM.SVU Stock Reverses Lower Despite Grocery De...Read More

Stocks have been marching higher -- and could have more room to run -- and one sector that has not been left behind is what we call the Autos and Parts group. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, 97% of the the stocks we cover from this sector are currently trading above their 80-day moving average, and have an average year-to-date gain of over 23%. Take Avis...Read More

One must go back to Oct. 4, 1968, to experience a market environment where the 30-day historical volatility (HV) of the stock market was lower than it is now, according to Schaeffer's Quantitative Analyst Chris Prybal. Could this be the calm before the storm for the S&P 500 Index (SPX)? Here's what to expect from the SPX going forward, if past is prologue.SPX Historical Volatility Falls Below 5Alt...Read More