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

If you support free speech, you support sex trafficking. At least that’s what politicians hope the public will think.Clever politicians seem to be learning. If they want to censor the web and destroy free speech, they need to pick the right targets for their legislation. Of course, in reality, the legislation will end up affecting all of us.Their efforts really amount to holding websites acc...Read More

The Dow Jones Industrial Average (DJIA) closed higher for a fifth straight day, hitting fresh record highs in the process. However, the broader stock market struggled for gains, with the Nasdaq Composite (COMP) and S&P 500 Index (SPX) both retreating from yesterday's record closes -- though the latter index did manage another intraday peak early in the day. For the most part, investors consi...Read More

While earnings season is over, it won't be long before it comes around again. During this break in the action, it's a good time to review some basics about how implied volatility (IV) impacts option prices. IV plays a key role in determining the price you pay to buy an option, so it's critical to keep entry costs at a minimum in order to take full advantage of the leverage provided by options. To...Read More

U.S. stocks are mixed this afternoon, with the Dow outperforming its fellow equity indexes after this morning's inflation data.Among the names in the spotlight today are aerospace concern (and Dow stock) Boeing Co (NYSE:BA), Chinese online retailer Alibaba Group Holding Ltd (NYSE:BABA), and credit bureau TransUnion (NYSE:TRU). Here's a quick look at what is moving shares of BA, BABA, and TRU.Boei...Read More

As the Dow trades near record highs, the Nasdaq is trading lower amid pressure from biotechs. One drug stock in the red is cystic fibrosis specialist Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX). This retreat could create a compelling opportunity for options traders, though, as VRTX tests a key trendline with historically bullish implications.Volatility Expectations Are Low on VRTX StockVRT...Read More

Economic data continues to dominate the news, with the September Fed meeting kicking off on Tuesday. Policymakers are expected to leave the benchmark interest rate untouched, but market participants will be awaiting details on the Fed's plans to unwind its $4.5 trillion balance sheet. Earnings are relatively light, but traders should watch out for reports from some big names like Adobe Systems (AD...Read More

Biotech stock bluebird bio Inc (NASDAQ:BLUE) continues to be a major winner for shareholders and options traders alike. The equity just hit a two-year high of $136.85, and was last seen 5.3% higher at $133, bringing its one-year gain to more than 111%. Not surprisingly, bullish options traders continue to target BLUE, betting the shares will rise even further in the weeks ahead. Starting with da...Read More

Options activity on GrubHub Inc (NYSE:GRUB) has been on the upswing over the past year. Currently, there are 126,283 options open on GRUB stock -- 100,436 calls and 25,847 puts -- in the 93rd annual percentile, and fewer than 22,100 contracts shy of the 12-month peak of 148,356 contracts hit on Aug. 4. As a point of comparison, total open interest fell to a 52-week low of 19,448 contracts on Sept....Read More

The Dow Jones Industrial Average (DJIA) is slightly higher at midday, bouncing back from early losses -- and even managing to notch a fresh intraday record of 22,189.97 earlier. The market is digesting the latest employment and inflation data, the latter of which has raised expectations for a December rate hike. In that same vein, oil prices continue to climb, with October crude futures up 1.8% at...Read More

Oil prices have been rising this week -- with October-dated futures trading above the $50-per-barrel mark today, after getting a boost yesterday on the International Energy Agency's (IEA) upwardly revised 2017 global oil demand forecast. While oil refiner Marathon Petroleum Corp (NYSE:MPC) is trading down 0.6% at $52.90 this morning, the energy stock recently pulled back to a historically bullish...Read More

Analysts are weighing in on information technology (IT) concern VMware, Inc. (NYSE:VMW), computer graphics company NVIDIA Corporation (NASDAQ:NVDA), and online retailer eBay Inc (NASDAQ:EBAY). Here's a quick roundup of today's bullish brokerage notes on shares of VMW, NVDA, and EBAY. VMW Hits New High After Barclays UpgradeVMW received an upgrade to "overweight" from "equal weight" at Barclays, a...Read More

Analysts are weighing in on car rental specialist Hertz Global Holdings, Inc (NYSE:HTZ), credit bureau Equifax Inc. (NYSE:EFX), and healthcare stock Opko Health Inc. (NASDAQ:OPK). Here's a quick roundup of today's bearish brokerage notes on shares of HTZ, EFX, and OPK.Hertz Stock Pulls Back After Morgan Stanley NoteHertz Global Holdings is reeling, down 9.5% to trade at $21.66, after Morgan Stanl...Read More

It could be another ho-hum day on Wall Street, with stock futures pointing to a slightly lower open. Among specific stocks in focus are hospital operator Tenet Healthcare Corp (NYSE:THC), semiconductor concern Lattice Semiconductor Corp (NASDAQ:LSCC), and cancer treatment specialist Array Biopharma Inc (NASDAQ:ARRY). Here's a quick look at what's boosting shares of THC, LSCC, and ARRY. Sale Re...Read More

Dow Jones Industrial Average (DJIA) futures are pointed slightly lower this morning, after notching a record-high close and fourth straight win yesterday. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signaling a lower start, despite pumping out record-high closes of their own. Traders are digesting today's inflation data, with the latest consumer price index (CPI) toppin...Read More

The Dow Jones Industrial Average (DJIA) spent most of the session flirting with breakeven, with upside momentum capped by Apple shares. However, the Dow broke out in late-day trading, notching another record-high close and a fourth straight win. Likewise, the Nasdaq Composite (COMP) eked out a win for a second consecutive record close, while the S&P 500 Index (SPX) managed another all-time h...Read More

It's been a rough 2017 for many retail stocks, with several notable names turning into earnings casualties. However,the SPDR S&P Retail ETF (XRT) has been on a tear since touching a four-year low in August, and today is notably higher, with help from Nordstrom's big day. Against this backdrop -- and ahead of Friday's retail sales data -- we decided to take a look at thesector, as well as one r...Read More

The stock chart for JPMorgan Chase & Co. (NYSE:JPM) is looking quite bullish at the moment. Shares of the banking giant just bounced from the 100-day moving average, and also experienced a series of closes below their lower Bollinger Band. A similar setup occurred back in mid-May and early June, and resulted in a massive upside rally for JPM. Add to this the fact that bank stocks in general have...Read More

U.S. stocks are trading mixed this afternoon, with the Dow struggling to build on solid gains from the last two sessions. Among the names in the spotlight today are tech stock Western Digital Corp (NASDAQ:WDC), retail giant Target Corporation (NYSE:TGT), and biopharmaceutical company Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX). Here's a quick look at what is moving shares of WDC, TGT, and LXR...Read More

Unless you live under a rock, you're probably aware that Apple Inc. (NASDAQ:AAPL) debuted its highly anticipated line of new products yesterday. Along with the $999 iPhone X -- which won't be available until November, much to many analysts' dismay -- the company also unveiled another pair of iPhones, a new Apple Watch, a wireless charging pad, and Apple TV 4K. The shares of AAPL hit an intraday hi...Read More

The Dow Jones Industrial Average (DJIA) is slightly lower at midday,unable to build on the solid gains from the last two sessions. Apple's big iPhone reveal yesterday has done little for the stock, which at last check was trading in the red to lead the Dow laggards. Both the S&P 500 Index (SPX) and Nasdaq Composite (COMP) are also lower, though the former eked out another all-time high earlie...Read More