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

Wireless technology stock Energous Corp (NASDAQ:WATT) has been an intriguing speculative play on Wall Street in recent years. Interest in the shares increased dramatically at the end of 2016, following comments by the company's CEO that many interpreted to mean it was working with Apple. As it turns out, that's not the case, since Apple yesterday announced it's using Qi technology in the iPhone...Read More

Analysts are weighing in on electric car company Tesla Inc (NASDAQ:TSLA), tech concern Micron Technology, Inc. (NASDAQ:MU), and software company Oracle Corporation (NYSE:ORCL). Here's a quick roundup of today's bullish brokerage notes on shares of TSLA, MU, and ORCL. TSLA Target Hike is Faint PraiseBarclays raised its price target on Tesla stock to $210 from $165, even as the firm backed its "unde...Read More

Analysts are weighing in on oil-and-gas issue Whiting Petroleum Corp (NYSE:WLL), healthcare firm Mallinckrodt PLC (NYSE:MNK), and airline stock American Airlines Group Inc (NASDAQ:AAL). Here's a quick roundup of today's bearish brokerage notes on shares of WLL, MNK, and AAL.Whiting Petroleum Stock Shrugs Off Morgan Stanley DowngradeWhiting Petroleum stock has turned 1% higher to trade at $4.4...Read More

After two big days, U.S. stocks look set to cool off today. Among specific stocks in focus are retailer Nordstrom, Inc. (NYSE:JWN), healthcare company Centene Corp (NYSE:CNC), and crane manufacturer Terex Corporation (NYSE:TEX). Here's a quick look at what's boosting shares of JWN, CNC, and TEX. Nordstrom Reportedly Being Taken Private by Leonard GreenNordstrom stock is up 5.2% before the bell...Read More

After finishing yesterday at its highest close ever, the Dow Jones Industrial Average (DJIA) is set to open lower this morning, with Apple stock signaling a negative start after yesterday's big iPhone reveal. Futures are also lower as traders digest the latest round of wholesale inflation data. The producer price index (PPI) rose 0.2% last month, compared to the estimated 0.3% rise, due to highe...Read More

After five years of declines, copper prices stabilized in 2016, and have surged higher recently, now approaching a three-year high. The metal is used for many things, including factories, electronics, and power generation. Due to its wide use across many sectors, copper is often considered a leading indicator of economic activity. Naturally, this could be an argument for higher stock prices going...Read More

JP Morgan CEO Jamie Dimon commented that he thinks Bitcoin is a fraud, and that “it will eventually be closed.”CNBC continues its amazing economic news coverage with his interview.Yes, the CEO of a major financial institution thinks Bitcoin will be “closed.”Look, however unlikely, it is possible that the Bitcoin price goes to $0. It is not, however, anywhere within the re...Read More

JP Morgan CEO Jamie Dimon commented that he thinks Bitcoin is a fraud, and that “it will eventually be closed.”CNBC continues its amazing economic news coverage with his interview.Yes, the CEO of a major financial institution thinks Bitcoin will be “closed.”Look, however unlikely, it is possible that the Bitcoin price goes to $0. It is not, however, anywhere within the re...Read More

The U.S. stock market rallied once again, with the S&P 500 Index (SPX) hitting fresh record highs and the Dow Jones Industrial Average (DJIA) expanding on Monday's huge surge -- thanks in large part to a bank rally and Pfizer's big day. Stocks got an early boost from Treasury Secretary Steve Mnuchin, who predicted tax reform would get done by the end of the year. The Nasdaq Composite (COMP...Read More

September is historically been a weak month for the Health Care Select Sector SPDR Fund (XLV). According to data from Schaeffer's Quantitative Analyst Chris Prybal, the fund has averaged a 1.7% loss in September since its inception. Nevertheless, XLV is bucking this bearish trend so far this month -- thanks in part to a big surge for Pfizer -- up 2.4% since its Aug. 31 close to trade at $93.25, a...Read More

Health foods retailer United Natural Foods, Inc. (NASDAQ:UNFI) will report earningstomorrow night. While earnings season has mostly wrapped up, UNFI's report will be of interest, considering Amazon's successful foot traffic with Whole Foods after its price cuts. Below, we will take a look at United Natural Foods' earnings history, and how investors are trading the equity.At last check, UNFI stoc...Read More

Pfizer Inc. (NYSE:PFE) is popping today, following several of its fellow biotech stocks higher. At last check, PFE shares were up 3% to trade at $35.37, and earlier hit a 13-month high of $35.75. Bullish options traders are flooding the Dow stock, too, with one trader eyeing even higher highs over the next several months.With around two hours left in the trading session, nearly 132,000 PFE calls h...Read More

U.S. stocks are trading higher this afternoon, with the S&P 500 Index (SPX) setting a new intraday record, thanks to a rally in financial stocks. Among the names in the spotlight today are biotech stock Aldeyra Therapeutics Inc (NASDAQ:ALDX), medical device maker Aethlon Medical, Inc. (NASDAQ:AEMD), and biotech company Intercept Pharmaceuticals Inc (NASDAQ:ICPT). Here's a quick look at what...Read More

Shares of Twitter Inc (NYSE:TWTR) are in the midst of yet another impressive win streak. Today's 2.7% rise has the stock trading at $18.13, on pace for its fifth straight win and second consecutive close above the 100-day moving average. This would mark TWTR's highest close since it gapped lower after earnings in late July. Options traders have flocking to the social media name, too, betting on...Read More

While the Dow enjoyed its best session since March on Monday, and the S&P 500 Index (SPX) secured a record closing high, the Nasdaq Composite (COMP) added a healthy 72 points, or 1.1%. Looking back at the Nasdaq's best days of late, we discovered a unique pattern emerging: the tech-rich COMP tends to fare particularly well on certain days of the week, and one weekday in particular has been especia...Read More

It's been a monster two days for the U.S. stock market, after the uncertainty surrounding Hurricane Irma and North Korea that kept Wall Street in check last week subsided over the weekend. While the S&P 500 Index (SPX) is fresh off a new record high, the Dow Jones Industrial Average (DJIA) is extending its lead north of the 22,000 mark, after notching its biggest one-day gain since March on Monday...Read More

The Dow Jones Industrial Average (DJIA) is higher at midday, building off of yesterday's excellent session, as Apple's big iPhone reveal takes center stage. The S&P 500 Index (SPX) and Nasdaq Composite (COMP) are also higher, with the former setting a new intraday record, with help from a rally in financial stocks. Beyond equities, traders are also processing Treasury Secretary Steve Mnuchin's com...Read More

A number of Apple suppliers are trading higher today, ahead of this afternoon's big iPhone event. Among those is Western Digital Corp (NASDAQ:WDC), with the shares up 0.5% to trade at $87.80, even after Reuters reported Toshiba is favoring a consortium led by Bain Capital to buy its memory chip unit. Today's price action is just reflective of WDC stock's longer-term trend, up 68% year-over-year. A...Read More

Symantec Corporation (SYMC) is up 32% year-to-date and 29% year-over-year. Following a recent bounce from its 200-day moving average, SYMC is now trading above the $29.50 area -- which roughly coincides with a double of its early 2016 lows -- and could have room to run higher from here. Analysts remain skeptical, however. Of the 20 brokerages covering SYMC, 13 rate the stock a "hold" or "sell."...Read More

Analysts are weighing in on auto stock Advance Auto Parts, Inc. (NYSE:AAP), as well as retailers Michael Kors Holdings Ltd (NYSE:KORS) and Under Armour Inc (NYSE:UAA). Here's a quick roundup of today's bearish brokerage notes on shares of AAP, KORS, and UAA.Citigroup Downgrades AAP Stock to 'Sell'The bad news keeps coming for Advance Auto Parts stock, which is currently down 2.4% to trade at $...Read More