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
TheDow Jones Industrial Average (DJIA) extended its winning streak to six sessions, notching another record high. In addition, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) battled back from a morning dip, touching all-time peaks and bringing their winning streaks to seven -- the SPX's longest since May. Stock traders breathed a collective sigh of relief after Secretary of State Rex Tillerso...Read More
U.S. stocks are trading higher again this afternoon, with the Dow eyeing a sixth straight winning win. Solar stock Real Goods Solar, Inc (NASDAQ:RGSE) and biotech stock Motif Bio(NASDAQ:MTFB) are soaring, while specialty retailer Office Depot Inc (NASDAQ:ODP) is in the gutter. Here's a quick look at what is moving shares of RGSE, MTFB, and ODP.Real Goods Solar Stock More Than Triples After...Read More
Even with the U.S. stock market carving out record highs in today's trading, the CBOE Volatility Index (VIX) is up 1.8% at 9.68, on track for its second straight day of gains. While this upside should be taken with a grain of salt considering the market's "fear gauge" is lingering in single-digit territory -- and near historically low levels -- call volume on the volatility is running at a slightl...Read More
Pharmaceutical stocks have dominated headlines today, including a major FDA win for Mylan (MYL) and a potentially lucrative partnership for CytomX Therapeutics (CTMX). Against this backdrop, the SPDR S&P Biotech ETF (XBI) is fresh off a two-year high, and one options trader is paying big bucks to bet on even more upside for the exchange-traded fund (ETF).So far today, XBI has seen roughly 38,000...Read More
Electric vehicle maker Tesla Inc (NASDAQ:TSLA) is in the spotlight again today, with the stock attempting a rebound after bullish analyst attention. Specifically, Nomura Instinet started TSLA stock with a "buy" rating, as well as a 12-month price target of $500, which represents a roughly 40% increase from the stock's current perch. The firm's analyst believes Tesla is "well positioned to accrue...Read More
Amazon.com, Inc. (NASDAQ:AMZN) has put in a strong technical performance in 2017, up 29%. And though AMZN has retreated from its July 27 record high of $1,083.31, it found a sturdy foothold near $940 -- home to a 38.2% Fibonacci retracement of the November-to-July surge -- last seen trading up 0.8% at $963.28, even after the European Union (EU) issued a lofty tax fine on the firm. With Amazon shar...Read More
Despite wobbling in early trading, the Dow Jones Industrial Average (DJIA) is modestly higher at midday, set to extend its winning streak to six sessions. The Dow touched another record high this morning, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also flirting with all-time highs -- and pacing for a seventh straight win -- after spending part of the morning lower. Investors are...Read More
Analysts are weighing in on video game maker Electronic Arts Inc. (NASDAQ:EA), semiconductor stock NVIDIA Corporation (NASADQ:NVDA), and biotech CytomX Therapeutics Inc (NASDAQ:CTMX). Here's a quick roundup of today's bullish brokerage notes on shares of EA, NVDA, and CTMX.Electronic Arts Stock Dips Despite Bullish Analyst NoteElectronic Arts stock is down 1.2% to trade at $116.55, despite bulli...Read More
U.S. stocks are mixed this morning, with the Dow touching fresh record highs yet again. Among the stocks making moves this morning are snack and drink giant PepsiCo, Inc. (NYSE:PEP), as well as pharmaceutical stocks Mylan N.V. (NASDAQ:MYL) and Amicus Therapeutics, Inc. (NASDAQ:FOLD). Here's a closer look at what's moving shares of PEP, MYL, and FOLD.PEP Stock Fizzles After Weak SalesShares of PEP...Read More
Analysts are weighing in on drugmakers Teva Pharmaceutical Industries Ltd (NYSE:TEVA) and Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA), as well as toy stock Hasbro, Inc. (NASDAQ:HAS). Here's a quick roundup of today's bearish brokerage notes on shares of TEVA, MNTA, and HAS.Teva Tanks on Mylan's FDA WinTeva Pharmaceutical stock is down 11.8% at $16.60, after rival Mylan (MYL) received Food and Drug...Read More
Dow Jones Industrial Average (DJIA) futures are slightly higher ahead of the bell, signaling another up day for the record-setting blue-chip index. Elsewhere on Wall Street, though, stocks are signaling a breather, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) at risk of snapping their six-day winning streaks. While economic data has driven the U.S. stock market higher in recent days, a...Read More
On September 15, Quadron Cannatech Corporation (CSE:QCC) released their new proprietary, automated, next generation CO2 Extraction System - the "BOSS".Equity Guru highlights the new extractor system and its capabilities, and discusses the extraction technology, and why everyone in the cannabis industry is getting excited about it.Please find below an excerpt and a link to the full article. We...Read More
The media says, “Jump.” And the public responds in unison, “How high?”“As high as you ever have jumped before, except maybe after 9/11, or the Kennedy assassination.”Of course, when there is news, it should be reported. Today it is reported sensationally, as entertainment. Is it meant to inform, or induce?Which came first, the media’s obsession with violen...Read More
The media says, “Jump.” And the public responds in unison, “How high?”“As high as you ever have jumped before, except maybe after 9/11, or the Kennedy assassination.”Of course, when there is news, it should be reported. Today it is reported sensationally, as entertainment. Is it meant to inform, or induce?Which came first, the media’s obsession with violen...Read More
Look at the prices of the most familiar publicly traded companies, names like Facebook (FB), Amazon.com (AMZN), Apple (AAPL), and Tesla (TSLA). All of them are well over $100. It didn't used to be like this. Stock splits have declined extensively over the past few years leading to a high proportion of stocks trading in the triple digits.Stocks Over $100The chart below shows the percentage of optio...Read More
TheDow Jones Industrial Average (DJIA) rocketed to record highs out of the gate and didn't look back, securing a fifth straight win. In addition, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) extended their winning streaks to six days -- touching all-time highs of their own -- as traders cheered solid September auto sales, which got a boost from post-hurricane demand.Continue reading for mor...Read More
It's a busy day on Capitol Hill, with former Equifax CEO Richard Smith testifying in front of the House Energy and Commerce Committee, and Wells Fargo & Co (NYSE:WFC) CEO Tim Sloan appearing before the Senate Banking Committee. The WFC CEO was grilled by Senator Elizabeth Warren, with the Massachusetts Democrat saying he "should be fired" in the wake of last year's fake account scandal. And though...Read More
U.S. stocks are trading higher again this afternoon, with the S&P 500 Index, Dow and Nasdaq Composite all touching fresh intraday record peaks. Airline stock Delta Air Lines, Inc. (NYSE:DAL) is enjoying a strong day, while biopharmaceutical stocks Celsion Corporation (NASDAQ:CLSN) and RedHill Biopharma Ltd (NASDAQ:RDHL) are trending in opposite directions. Here's a quick look at what is mov...Read More
The good news continue to pour in for Amazon.com (AMZN) following the company's Whole Foods purchase, with Bloomberg reporting another strong increase in foot traffic for the grocer. While Wal-Mart (WMT) is often seen as the main Amazon rival, the recent foot traffic data suggests Sprouts Farmers Market Inc (NASDAQ:SFM) could be the big loser, and the shares are sliding as a result. The stock...Read More
The fourth quarter is typically the strongest of the year for U.S. stocks. However, while the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), Nasdaq Composite (IXIC), and Russell 2000 Index (RUT) typically outperform in the final three months of the calendar year, 2017 could be an exception for some of the indexes, if history repeats. Below, we'll take a look at how the record-setting Do...Read More