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 LED specialist Cree, Inc. (NASDAQ:CREE), healthcare firm Mallinckrodt PLC (NYSE:MNK), and travel stock Spirit Airlines Incorporated (NASDAQ:SAVE). Here's a quick roundup of today's bearish brokerage notes on shares of CREE, MNK, and SAVE.Cree Stock Dips After DowngradeCree stock is down 2.4% to trade at $28.97, after a J.P. Morgan Securities downgrade to "underweight"...Read More
Dow Jones Industrial Average (DJIA) futures are signaling a lower open for stocks, as traders digest the nonfarm payrolls report for September. The Labor Department's data revealed a loss of 33,000 jobs for the month, due to the effects of Hurricanes Harvey and Irma, versus expectations of an increase of 90,000. It marked the first monthly jobs contraction since 2010. However, the unemployment rat...Read More
Palisade Research October 6, 2017 Category: Research Current Price: C$0.34Shares Outstanding: 68.7 million (post-EBRD financing)Market Capitalization: C$23.5 millionCash: ~C$5.92 million (post-EBRD financing) A copper discovery of Kincora's proposed magnitude will significantly rewards investors.One example of an explosive copper discovery is Camino Minerals (TSXV:COR, Mkt Cap: $27M). When the com...Read More
Palisade Research October 6, 2017 Category: Research Current Price: C$0.34Shares Outstanding: 68.7 million (post-EBRD financing)Market Capitalization: C$23.5 millionCash: ~C$5.92 million (post-EBRD financing) A copper discovery of Kincora's proposed magnitude will significantly rewards investors.One example of an explosive copper discovery is Camino Minerals (TSXV:COR, Mkt Cap: $27M). When the com...Read More
Patents seem like a good idea on paper. If you come up with something innovative, you should reap the rewards. That safeguards the hard work and money someone puts into an invention or technology.But patents really amount to a legal monopoly, granted by government. And as is typical with government, this intervention into the economy creates some interesting side effects.Patent trolls are business...Read More
Patents seem like a good idea on paper. If you come up with something innovative, you should reap the rewards. That safeguards the hard work and money someone puts into an invention or technology.But patents really amount to a legal monopoly, granted by government. And as is typical with government, this intervention into the economy creates some interesting side effects.Patent trolls are business...Read More
TheDow Jones Industrial Average (DJIA) notched yet another all-time high, as well as its seventh straight win, while the S&P 500 Index (SPX) extended its longest winning streak in four years -- and managed its sixth straight record close, marking the longest streak of that kind since 1997. As for the Nasdaq Composite (IXIC), the tech-rich index also wrapped up an eighth consecutive gain, for its l...Read More
U.S. stocks are trading higher again this afternoon, with the Dow, S&P 500, and Nasdaq Composite all notching fresh record peaks. Biotech Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and pharma stock Biogen Inc (NASDAQ:BIIB) are soaring, while consumer lending name Navient Corp (NASDAQ:NAVI) is sinking amid fresh legal woes. Here's a quick look at what is moving shares of REGN, BIIB, and NAVI.Pralu...Read More
Fast food franchise McDonald's Corporation (NYSE:MCD) has been tearing its way up the charts this year, tacking on 30% to rank among the best Dow components of 2017. The restaurant stock even touched an all-time high of $161.72 on Sept. 11, but has since pulled back to its current perch at $158.20. The blue chip's retreat, however, could signal a buying opportunity for options traders, as MCD...Read More
Trading options can be complicated, as there are a lot of moving pieces. It's important to stick to a core set of principles when approaching any options trade. Here at Schaeffer's, we have a simple mantra for vetting stocks before buying an option: F.A.R., or Fast, Aggressive, and in the Right direction. That is how you need a stock to move in order to profit on a short-term call or put purchase....Read More
Earlier we took a looking at bank stocks, as the sector should be in focus in the upcoming weeks. Another sector that's been receiving extra attention recently is cybersecurity -- which falls under our "software" umbrella -- with Equifax CEO Richard Smith testifying before Congress yesterday. The software group as a whole has been strong in 2017, with these stocks sporting an average year-to-date...Read More
Last Sunday's Las Vegas shooting took an immediate toll on MGM Resorts International (NYSE:MGM) stock, as the 58 casualties and over 500 injuries were inflicted from an MGM-owned resort and casino. While it is unclear how the shooting will impact tourism long-term, from a technical perspective, MGM stock could be a "buy" at current levels.MGM stock was last seenat $31.08, up 1.1% on the day, but...Read More
The S&P 500 Index (SPX) is on pace for an eighth straight day of gains, which would represent its longest winning streak in four years. In addition, another higher finish today would mark the SPX's sixth consecutive record close -- a feat not accomplished in 20 years, and one that preceded Black Monday 30 years ago. Against this backdrop, we decided to take a look at how the stock market tends to...Read More
A fresh round of Federal Reserve appearances is due this week, including Fed Governor Jerome Powell -- who is set to deliver a keynote address on Thursday. This follows Wednesday's release of the closely watched Fed meeting minutes, where traders will be looking for clues on a possible December rate hike. Plus, third-quarter earnings season will unofficially begin with several notable names set...Read More
Bank stocks will be in focus next week, with quarterly results from several high-profile financial names marking the start of third-quarter earnings season. The release of the September Fed minutes could also draw interest to the sector, as traders look for clues to a possible December rate hike. Ahead of these closely watched events, financials are one of the leading sectors we track, with Goldma...Read More
Stocks are extending their ascent into all-time-high territory, with the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all hitting fresh record peaks. While the Dow is pacing for a seventh straight win,the Nasdaq and SPX are headed for an eighth consecutive gain, which would mark the latter's longest winning streak since mid-2013. Wall Street is digesting...Read More
Analysts are weighing in on Dow stock Microsoft Corporation (NASDAQ:MSFT), as well as biotechs ACADIA Pharmaceuticals Inc. (NASADQ:ACAD) and Gilead Sciences, Inc. (NASDAQ:GILD). Here's a quick roundup of today's bullish brokerage notes on shares of MSFT, ACAD, and GILD.Canaccord Genuity Upgrades Microsoft StockMicrosoft is up 0.6% to trade at $75.14, after Canaccord Genuity upgraded the tech stock...Read More
U.S. stocks are trading higher today, with the S&P 500 aiming for its longest winning streak in years. Among the stocks making moves this morning are beverage company Constellation Brands, Inc. (NYSE:STZ), global delivery service FedEx Corporation (NYSE:FDX), and drugmaker Inovio Pharmaceuticals Inc (NASDAQ:INO). Here's a closer look at what's moving shares of STZ, FDX, and INO.Constellation Ear...Read More
Analysts are weighing in on luxury retailer Coach Inc (NYSE:COH), pharma stock Celgene Corporation (NASDAQ:CELG), and Apple supplier Western Digital Corp (NASDAQ:WDC). Here's a quick roundup of today's bearish brokerage notes on shares of COH, CELG, and WDC.Coach Stock Lower After DowngradesCoach received two downgrades today, one to "peer perform" from "outperform" at Wolfe Research, and another...Read More
Dow Jones Industrial Average (DJIA) futures are higher, with the index aiming for a seventh straight win and another all-time high. Likewise, the S&P 500 Index (SPX) is eyeing its eighth consecutive up day, which would mark its longest win streak in years. Ahead of tomorrow's closely watched nonfarm payrolls report, the Labor Department said weekly jobless claims fell by more than expected last we...Read More