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
Earnings season is kicking into high gear. In addition to a number of Dow names and tech firms stepping up to the earnings plate, travel company United Continental Holdings Inc (NYSE:UAL) is slated to unveil its quarterly results after tomorrow's close. Here's a closer look at how UAL stock has been performing ahead of earnings, and how options traders are positioning themselves.Since hitting a re...Read More
U.S. stocks are trading mixed this morning, with the Dow elbowing higher after some positive blue-chip earnings reports. Among the stocks making moves this morning are pharmaceutical company Johnson & Johnson (NYSE:JNJ), banking concern Morgan Stanley (NYSE:MS), and GPS navigation company Garmin Ltd. (NASDAQ:GRMN). Here's a closer look at what's moving shares of JNJ, MS, and GRMN.Johnson & Johnson...Read More
Analysts are weighing instreaming entertainment service Netflix, Inc. (NASDAQ:NFLX), Dow stock UnitedHealth Group Inc (NYSE:UNH), and biotech Biogen Inc (NASDAQ:BIIB). Here's a quick roundup of today's bullish brokerage notes on shares of NFLX, UNH, and BIIB.Netflix Earnings Impress AnalystsNetflix stock is down 0.1% to trade at $202.59, reversing pre-market gains, despite the company's better-t...Read More
Shares of retailer Dollar Tree, Inc. (NASDAQ:DLTR) have been on a tear in recent months. Despite a downgrade on Oct. 13, the stock managed to hit a 52-week high, bringing its year-to-date lead to nearly 19%. The shares just broke north of a trendline connecting lower highs since this time last year, and could be headed to higher highs. A round of bullish analyst attention could help DLTR stock ris...Read More
Analysts are weighing in on fast-food chain Sonic Corporation (NASDAQ:SONC), organic foods specialist United Natural Foods, Inc. (NASDAQ:UNFI), and mining stock Freeport-McMoRan Inc (NYSE:FCX). Here's a quick roundup of today's bearish brokerage notes on shares of SONC, UNFI, and FCX.Sonic Earnings Draw Mixed Reactions from AnalystsSonic shares are up 0.8% to trade at $25.01, despite the company's...Read More
Dow Jones Industrial Average (DJIA) futures arehigher this morning, as markets digest a busy day of earnings reports. Dow stocks Goldman Sachs (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are all headed higher after earnings beats, and should help the Dow extend its quest for record highs.Netflix (NFLX) is also in the earnings spotlight, after reporting higher-than-expected subscriber gr...Read More
Introducing, Quadron Cannatech Corporation (CSE:QCC) "THE BOSS". It's the next generation in CO2 Extraction, combining simplicity, innovation, and quality to produce one of the most innovative extraction systems to date.The "BOSS" CO2 Extraction System combines proprietary max flow technology with advanced thermodynamics, automated features and an exclusive plug and play design.The BOSS has a ve...Read More
Once you accept that you are not sovereign, it is just a matter of maneuvering for governments to do whatever they want.They don’t play by any rules. But they force you to follow them. Some governments do this by blunt force. Other governments do it by controlling the media narrative. Still, others twist the law to fit their purposes and appear legitimate. Most use a combination of tactics t...Read More
Once you accept that you are not sovereign, it is just a matter of maneuvering for governments to do whatever they want.They don’t play by any rules. But they force you to follow them. Some governments do this by blunt force. Other governments do it by controlling the media narrative. Still, others twist the law to fit their purposes and appear legitimate. Most use a combination of tactics t...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each scored fresh record highs, as traders expressed optimism about third-quarter earnings season. Along with Netflix (NFLX) earnings, which are rolling in right now, a handful of big-cap companies will report this week. At its intraday peak, the Dow was within 40 points of the 23,000 level, lifted by bounc...Read More
Among the companies announcing third-quarter earnings this week is motorcycle giant Harley-Davidson Inc. (NYSE:HOG). Ahead of the Tuesday morning release, speculative players are active, with HOG option volume rising to nine times the norm today.According to Trade-Alert, in fact, today's call volume on HOG of 14,542 contracts is pacing in the 98th percentile of its annual range. The most popular s...Read More
Options trading has been heavy on chip stocks Micron Technology, Inc. (NASDAQ:MU) andNvidia Corporation (NASDAQ:NVDA), as both companies received bullish analyst attention today. Here's a closer look at how options traders have been placing their bets on MU and NVDA stocks.The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading da...Read More
Third-quarter earnings season is ramping up this week, with big banks Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) slated to report earnings tomorrow morning. Here's a closer look at how GS and MS have performed ahead of earnings -- and after past earnings reports -- and how options traders have been positioning themselves on the financial shares.Options Players Are Betting On A...Read More
The iShares MSCI Japan ETF (EWJ) is fresh off a 10-year high of $57.69, after Japan's Nikkei touched another 21-year high. The exchange-traded fund (ETF) has added 4.4% just in the past month, shaking off its North Korea jitters from August, and EWJ options traders have been betting bullishly ahead of Japan's snap election this weekend.Today, the fund has seen roughly 34,000 call options change h...Read More
We've been taking a close look at mining stocks lately, and today we're digging into Vale SA (ADR) (NYSE:VALE). The outperforming equity is trading just above a key price point, potentially signaling extended upside. Plus, data suggests it's a good time to target near-term VALE options. Jumping right in, the stock is up over 88% during the past year to trade at $10.45. More recently, it's pulled b...Read More
Options volume has been exploding on utility stock PG&E Corporation (NYSE:PCG) during the shares' three-day slide. Before last Thursday, PCG had an average daily options volume of just 237 contracts, a number that's jumped to 1,936 over the past three days. Today alone, more than 40,000 PG&E options have already been traded, as speculators react to headlines surrounding the company's involvement i...Read More
U.S. stocks are slightly higher today to kick off the week, as the Dow, S&P 500, and Nasdaq all touch record highs once again. Among the names in the spotlight this afternoon are biotech stock Cara Therapeutics Inc (NASDAQ:CARA), insurance provider Health Insurance Innovations Inc (NASDAQ:HIIQ), and retail stock Nordstrom, Inc. (NYSE:JWN). Here's a quick look at what is moving shares of CARA, H...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are trading higher this afternoon, all three fresh off all-time highs. Traders are optimistic ahead of the first full week of earnings season -- kicking off with the Netflix (NFLX) quarterly report tonight -- and a rebound in bank stocks is also driving the major market indexes higher.Continue reading for mo...Read More
Analysts are weighing in on Dow stock Apple Inc. (NASDAQ:AAPL), online discount provider Groupon Inc (NASDAQ:GRPN), and mining company AngloGold Ashanti Limited (NYSE:AU). Here's a quick roundup of today's bullish brokerage notes on shares of AAPL, GRPN, and AU.KeyBanc Weighs In On Apple StockApple stock is up 0.8% to trade at $158.23, after KeyBanc upgraded the Dow component to "overweight" fr...Read More
U.S. stocks are trading higher this morning, with major equity indexes setting fresh record highs out of the gate in anticipation of the first full week of corporate third-quarter earnings. Among the stocks making moves this morning are online sales concern JD.com, Inc. (NASDAQ:JD), along with biopharmaceutical names Exelixis, Inc. (NASDAQ:EXEL) and TG Therapeutics, Inc. (NASDAQ:TGTX). Here's a c...Read More