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

Analysts are weighing in on tech stocks Adobe Systems Incorporated (NASDAQ:ADBE) and IBM Corp. (NYSE:IBM), as well as advertising agency Omnicom Group Inc. (NYSE:OMC). Here's a quick roundup of today's bearish brokerage notes on shares of ADBE, IBM, and OMC.ADBE Stock Dips After Deutsche DowngradeAdobe Systems stock is down 1.7% at $151.25, after Deutsche Bank downgraded the shares to "hold" from...Read More

U.S. stock futures are trading above fair value this morning, pointing to fresh record highs for the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC). Investors are gearing up for the first full week of corporate earnings -- and while today's earnings slate is rather light, many will be watching a post-close release from red-hot Netflix (NFLX). As for economic...Read More

"...[T]here is a potential call wall at the SPY 255 strike, with roughly 25% of the total call open interest contained in the weekly 10/13 series, and the balance in the standard October expiration series. From what we can tell, the open interest is made up of both buy- and sell-to-open activity."Should the SPY get through the 255 strike, one scenario would be call sellers buying back the calls to...Read More

The propaganda machine is firing on all cylinders. Harvey Weinstein must have pissed someone off to be sacrificed by the elite. Perhaps it was a religious sacrifice of sorts. One arm of the propaganda machine is pushing the idea that adherence to the Islamic religion can prevent sexual assaults and oppression against women.The media is now running stories which claim that the Islamic religion pre-...Read More

The propaganda machine is firing on all cylinders. Harvey Weinstein must have pissed someone off to be sacrificed by the elite. Perhaps it was a religious sacrifice of sorts. One arm of the propaganda machine is pushing the idea that adherence to the Islamic religion can prevent sexual assaults and oppression against women.The media is now running stories which claim that the Islamic religion pre-...Read More

When I first read the title of Joe Quirk’s book, I laughed.The full title is, Seasteading: How Floating Cities Will Restore The Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity from Politicians.Don’t get me wrong, I like the idea of seasteading: creating floating city-states free to experiment in governance. But I figured Quirk must have been overselling the prospect...Read More

When I first read the title of Joe Quirk’s book, I laughed.The full title is, Seasteading: How Floating Cities Will Restore The Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity from Politicians.Don’t get me wrong, I like the idea of seasteading: creating floating city-states free to experiment in governance. But I figured Quirk must have been overselling the prospect...Read More

The biggest thing this survey proves is that Orwellian double-speak is working.If you are unfamiliar, doublespeak is a term from the novel 1984. It is speech intentionally meant to confuse, or obscure reality.What does free speech mean? What is hate speech? And what laws currently or should exist in regards to speaking freely?The answers from Americans prove just how successful the media and poli...Read More

The biggest thing this survey proves is that Orwellian double-speak is working.If you are unfamiliar, doublespeak is a term from the novel 1984. It is speech intentionally meant to confuse, or obscure reality.What does free speech mean? What is hate speech? And what laws currently or should exist in regards to speaking freely?The answers from Americans prove just how successful the media and poli...Read More

The Dow Jones Industrial Average (DJIA) notched another record high, and secured a fifth straight weekly gain, as traders cheered strong retail sales and a rally in tech stocks. The S&P 500 Index (SPX) also wrapped up a five-week winning streak -- its longest since February -- and, along with the Nasdaq Composite (IXIC), scored a fresh all-time high of its own. Stock traders remained optimistic in...Read More

The Dow Jones Industrial Average (DJIA), S&P 500 (SPX), and Nasdaq Composite (IXIC) all chalked up new record highs this week, even after the latter ended its nine-day winning streak Monday. The Dow and SPX are now set for a fifth straight weekly win, which would mark the S&P's longest since the first quarter.As big banks kicked off quarterly earnings season, the Fed was also in focus. The Sept...Read More

The S&P 500 Index (SPX) touched another record high today, and is within striking distance of its fifth straight weekly win. The last time the stock market index enjoyed a five-week winning streak was in the first quarter, and prior to that you'd have to go back to early 2016. As such, we decided to take a look at how the red-hot S&P tends to perform after five-week winning streaks.The longest eve...Read More

U.S. stocks are slightly higher today, with the Dow and S&P 500 on track for their fifth straight weekly win. Online restaurant delivery service GrubHub Inc (NYSE:GRUB) and food stock Hostess Brands, Inc. (NASDAQ:TWNK) are mired in lower sessions, while steel stock Cleveland-Cliffs Inc (NYSE:CLF) is enjoying a breakout performance. Here's a quick look at what is moving shares of GRUB, TWNK, a...Read More

Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are sliding for a second straight day, with traders possibly responding to a phase 3 trial update for Siliq -- a product of subsidiary Ortho Dermotologics. VRX stock was last seen 3.9% lower at $13.29, putting the equity on pace to close below its 200-day moving average for the first time in over a month. However, it bottomed out just above the...Read More

Commodities stocks BHP Billiton Limited (NYSE:BHP) and Teck Resources Ltd (NYSE:TECK) are trading higher today, thanks to mining sector tailwinds. What's more, both stocks recently bounced off key trendlines that have had bullish implications in the past. If history repeats itself, BHP and TECK stocks could be screaming "buy" right now.BHP Could Hit New Highs, If History RepeatsAt last check, BHP...Read More

Barclays this morning upped its price target on Bristol-Myers Squibb Co (NYSE:BMY) to $65 from $58, sending the shares to their highest point since their August 2016 bear gap. This comes after Guggenheim yesterday raised its price target to $75. At last check, BMY stock was up 0.4% at $65.60, earlier topping out at $66.10, putting it above a key technical level. For instance, the security is curre...Read More

It's no secret that buying call options is cheaper than buying a stock outright. For traders lookingto stretch their dollar even further while mimicking the risk/reward of stock ownership, there's an even better alternative: a synthetic long options strategy.What Is a Synthetic Long Options Strategy?This strategy provides investors an opportunity to simulate the payoff of a long stock positio...Read More

The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are trading higher this afternoon, all threefresh from record highs, despite a mixed bag of bank earnings. Traders are also digesting the latest data on inflation and retail sales, as well as renewed threats of a missile strike on Guam from North Korea, and President Trump's plan to decertify the Iran nuc...Read More

AT&T Inc (NYSE:T) made headlines yesterday, warning that their third-quarter revenue and profit would be lower due to the influx of Hurricanes a month prior. This news cuts into a sector that has already been underperforming, according to Schaeffer's Senior Quantitative Analyst Rocky White. Only 36% of the stocks in our telecom sector are above their 80-day moving average -- tied for the lowest...Read More

Analysts are weighing in on fiber-optic communications concern Applied Optoelectronics Inc (NASDAQ:AAOI), as well as hospital stocks Tenet Healthcare Corp (NYSE:THC) and Community Health Systems (NYSE:CYH). Here's a quick roundup of today's bearish brokerage notes on shares of AAOI, CYH, and THC.Earnings Warning Sinks AAOI StockApplied Optoelectronics stock is down 21% at $46.51, after the company...Read More