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
Shares of streaming name Roku Inc (NASDAQ:ROKU) began trading on the Nasdaq on Sept. 28, opening at $15.78 after pricing its initial public offering (IPO) at $14. ROKU options, meanwhile, became available one week later on Thursday, Oct. 5, and in that time, speculators have amassed 7,750 open positions on Roku. Here's a closer look at how options traders have been lining up on the streaming name,...Read More
Big banks have been some of the main beneficiaries of the "Trump rally," with investors pricing in expectations for less strict regulations on Wall Street. Further, the Financial Select Sector SPDR Fund (XLF) has moved higher in tandem with expectations for a third rate hike in 2017, with the CME Group's FedWatch tool now predicting an 86.7% chance that the U.S. central bank will lift its benchmar...Read More
U.S. stocks are higher today once again, as the Dow, S&P 500, and Nasdaq Composite all set fresh intraday highs this morning. Biotech stocks MannKind Corporation (NASDAQ:MNKD) and AnaptysBio Inc (NASDAQ:ANAB), as well as airline stock American Airlines Group Inc (NASDAQ:AAL), are soaring. Here's a quick look at what is moving shares of MNKD, ANAB, and AAL.Analyst Initiates Bullish Coverage On Man...Read More
The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) all hit new record highs this morning, with energy stocks setting a bullish tone as November crude futures add 2.7% to trade at $50.90 per barrel. However, Dow component Procter & Gamble (PG) is sitting out the rally, with PG stock down 1.3% after activist investor Nelson Peltz failed in his bid for a board...Read More
Semiconductor stocks have been ripping higher over the past 12 months, as evidenced by the price action in the VanEck Vectors Semiconductor ETF (SMH). The exchange-traded fund (ETF) is up 37.8% year-over-year, with its trusty 80-day moving average serving as a reliable foothold during rare pullbacks. What's more, the shares hit a record high of $96.47 earlier on NVIDIA stock tailwinds, and were la...Read More
The major U.S. equity benchmarks rallied to new record highs out of the gate this morning, following suit with strength in oil prices. Among the stocks making moves this morning are tech company Nvidia Corporation (NASDAQ:NVDA), biopharmaceutical concern Pfizer Inc. (NYSE:PFE), and biomaterial products developer MiMedx Group, Inc. (NASDAQ:MDXG). Here's a closer look at what's moving shares of NV...Read More
Shares of consumer products company Newell Brands Inc (NYSE:NWL) have been sliding since an early August earnings report, and a downwardly revised full-year guidance early last month sent the equity to an annual low. NWL is now down more than 16% year-over-year, but sentiment surrounding the stock remains overly bullish. Analysts, for example, are extremely optimistic. By the numbers, nine of 13...Read More
Analysts are weighing in on cybersecurity stock Palo Alto Networks Inc (NYSE:PANW),coal concern Peabody Energy Corporation (NYSE:BTU), and Dow component Caterpillar Inc. (NYSE:CAT). Here's a quick roundup of today's bullish brokerage notes on shares of PANW, BTU, and CAT.Palo Alto Networks Stock Gaps Higher On UpgradePalo Alto Networks stock is up 3.2% to trade at $151.16, after Morgan Stanley...Read More
Analysts are weighing in on cybersecurity name Qualys Inc (NASDAQ:QLYS), pharmaceutical stock Eli Lilly and Co (NYSE:LLY), and Apple supplier JabilInc (NYSE:JBL). Here's a quick roundup of today's bearish brokerage notes on shares of QLYS, LLY, and JBL.Morgan Stanley Hits Qualys Stock With DowngradeQualys was downgraded at Morgan Stanley to "equal weight" from "overweight," with the brokerage firm...Read More
Dow Jones Industrial Average (DJIA) futures are modestly higher ahead of the bell, rising in step with oil prices. At last check, November-dated crude futures were up 1.3% to trade at $50.21 per barrel, boosted by reports that Saudi Arabia will slash oil exports next month. Meanwhile, several central bank officials are set to take the stage today ahead of tomorrow's release of the September Fed me...Read More
Our recently-revised Ubika Gold 20 index outperformed the TSX Gold Index year over yearThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 (UG20) Index gained 1% since our last report dated August 8, 2017, matching the TSX Gold Index, which was also up 1% and beating the Gold Spot price, which was down 1%, over the same period. Notable performers for thi...Read More
Palisade Research October 10, 2017 Category: Research Current Price: C$0.63Shares Outstanding: 172.7 millionMarket Capitalization: C$108.8 million52-Week Range: C$0.35-C$0.70Cash: ~C$20 million Click here for last update. This morning Northern Vertex released its PEA of the Moss Gold Mine Expansion and confirmed our assumptions in our last price upgrade. The original FS was purposefully restricted...Read More
Oh, Hollywood… It’s only in this demented part of the planet that a man could give birth to his own mother!If you haven’t seen it yet check it out.mother!Its another stillborn of a film slipped out from between Hollywood’s fetid thighs. A movie midwifed by none other than the talented, anti-human auteur Darren Aronofsky.Thanks, Darren, for sharing with us your great messa...Read More
Oh, Hollywood… It’s only in this demented part of the planet that a man could give birth to his own mother!If you haven’t seen it yet check it out.mother!Its another stillborn of a film slipped out from between Hollywood’s fetid thighs. A movie midwifed by none other than the talented, anti-human auteur Darren Aronofsky.Thanks, Darren, for sharing with us your great messa...Read More
TheDow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all opened higher out of the gate this morning, but the stock market gains quickly evaporated as the session progressed. Along with the Dow, the Nasdaq touched another record high in early action -- but the tech-rich index eventually halted its nine-day winning streak. Along with general caution ahead of earni...Read More
U.S. stocks are mixed to start the week, as the Dow and Nasdaq Composite set fresh intraday highs albeit with muted overall gains. Healthcare stocks Express Scripts Holding Company (NASDAQ:ESRX), K2M Group Holdings Inc (NASDAQ:KTWO), and Davita Inc (NYSE:DVA) are all sinking after receiving bearish analyst attention. Here's a quick look at what is moving shares of ESRX, KTWO, and DVA.ESRX Stock...Read More
Shares of major packaged food stocks are getting pummeled today, with Kellogg (K) earlier hitting a three-year low. Sector peers Kraft Heinz Co (NASDAQ:KHC) and General Mills, Inc. (NYSE:GIS) are also trading lower, and dangerously close to tagging fresh lows, too. As such, options volume is accelerated on both KHC and GIS. Options Bears Continue to Target Kraft Heinz StockFor KHC, put open intere...Read More
The Nasdaq Composite (IXIC) earlier notched another record high, peaking not even a point below the round 6,600 level, but has since pulled back to dance around breakeven. Should the tech-rich index eke out a win, it would be a 10th straight -- matching the Nasdaq's Julywinning streak, and marking a feat accomplished just two other times since the 2009 stock market bottom. As such, we decided to t...Read More
Wal-Mart Stores Inc (NYSE:WMT) shares are up 2.7% at $81.13, at the top of the Dow, after the retailer unveiled its Mobile Express Returns app, which will allow customers to quickly return items bought online in Walmart stores -- the latest in a string of swipes at rival Amazon (AMZN). Plus, Barron's waxed optimistic on Wal-Mart over the weekend, saying the stock could rise "another 15% or more ov...Read More
Options trading has been extraordinarily heavy on banks stocks JPMorgan Chase & Co. (NYSE:JPM) andWells Fargo & Co (NYSE:WFC), as both companies step up to the earnings plate this week. Here's a closer look at how options traders have been placing their bets on JPM and WFC stocks.The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trad...Read More