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
Secession has been a hot topic lately from Brexit, to Catalonia, to California; so why is Puerto Rico voting on statehood tomorrow?It is a non-binding referendum which asks Puerto Ricans if they would rather the territory remain as it is now, become an American state, or go entirely independent. But some say the election has been rigged for the pro-statehood group.And indeed, they seem to have the...Read More
Secession has been a hot topic lately from Brexit, to Catalonia, to California; so why is Puerto Rico voting on statehood tomorrow?It is a non-binding referendum which asks Puerto Ricans if they would rather the territory remain as it is now, become an American state, or go entirely independent. But some say the election has been rigged for the pro-statehood group.And indeed, they seem to have the...Read More
Learning through observation is an important trait for humans, and can account for many aspects of why we are a highly advanced species. Just as peers’ behavior influences our own, it should come as no surprise that we are also influenced by the emotions of those around us.Those who inject themselves into our lives also influence our emotions. It is no longer just face to face contact that h...Read More
Learning through observation is an important trait for humans, and can account for many aspects of why we are a highly advanced species. Just as peers’ behavior influences our own, it should come as no surprise that we are also influenced by the emotions of those around us.Those who inject themselves into our lives also influence our emotions. It is no longer just face to face contact that h...Read More
Investing.com - Gold prices were just shy of their strongest level in seven months in early European trading on Thursday, as investors remained cautious ahead of testimony by former FBI Director James Comey, Britain's general election and a European Central Bank policy decision.Comex gold futures were at $1,289.93 a troy ounce by 2:55AM ET (0655GMT), down $3.30, or around 0.3%. Meanwhile, spot gol...Read More
(Adds company news items, futures)June 8 (Reuters) - Britain's FTSE 100 futures FFIc1 0.17 percent higher ahead of the cash market open.* ELECTIONS: Prime Minister Theresa May is on course to increase her majority in parliament in Britain's election on Thursday, opinion polls showed on Wednesday, suggesting her gamble to call the vote to bolster her position in Brexit negotiations will pay off. C...Read More
June 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 2 points at 7477 on Thursday, according to financial bookmakers.* ELECTIONS: Prime Minister Theresa May is on course to increase her majority in parliament in Britain's election on Thursday, opinion polls showed on Wednesday, suggesting her gamble to call the vote to bolster her position in Brexit negotiations will pay off. SHE...Read More
UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session. Currencies will affect bulli...Read More
UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session. Currencies will affect bulli...Read More
The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the "Great Gold Supply Disconnect" will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011.That being said, the world is speeding recklessly towards an epic market catastrophe. No, t...Read More
Gold prices suffered a sharp decline on Thursday, erasing a gain for the week as the euro weakened, providing support for the dollar, in the wake of the European Central Bank's monetary-policy meeting. The yellow metal failed to find support from former Federal Bureau of Investigation boss James Comey's testimony before a Senate panel amid an investigation into alleged Russian efforts to interfere...Read More
Base Metals Mining SalesBase Metals Mining Sales Market delivers detailed analysis on the main challenges and growth prospects in the Base Metals Mining Sales Industry. This Base Metals Mining Sales Market study is anticipated to help the new and existing key players in the Base Metals Mining Sales Market that will help in making current business decisions as well as to sustain in the severe compe...Read More
A successful investor's secret is the ability to set aside one's own opinions and analyze hard data without biases. After former FBI Director James Comey's testimony Thursday, the "hard data" are that, according to the collective wisdom of investors, President Trump won't be impeached. I conclude this by tracking money flows in three important segments. To learn more about money flows, please see...Read More
Deals, Investments & M&AsThe New Cryptocurrency Gold Rush: Digital Tokens That Raise Millions In MinutesJoon Ian Wong - QuartzThe oracles of Silicon Valley say token offerings could reinvent the "freemium" business model of the internet, upending the huge centralized services-think of Facebook or Google-that have emerged. Instead of enticing users with free services, paid for by venture capital, a...Read More
In February copper hit a 21-month high on the back of optimism that Donald Trump's $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.While US stimulus now appears further in the distance, Chinese support for the sector has stayed surprisingly strong with imports of the metal, widely used in the construc...Read More
The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More
The EU regulation on mineral sourcing that comes into force today is a good but small first step. Additionally, due to its limited scope and delay in implementation, it will not be effective enough, says the GoodElectronics Network. The extraction and trade of minerals, including those that end up in our electronics, has been widely linked to serious human rights violations and environmental pol...Read More
BBX rose 78% last week and a further 52.9% this week, taking its share price to US$0.20, despite no further news since its announcement of successful results from its Tres Estados project on June 1.In Australian terms, its share price of A$0.25 today is light years ahead of its price 12 months ago of A$0.02, making a one-year gain of 1,344.4%.Unsurprisingly gold plays featured heavily in this wee...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More
Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal, has finalized the acquisition of a mining project in Nevada that abandoned in 2015 due to budgetary constraints.But since gold prices staged a comeback last year, the Toronto-based miner approached its former partner Coral Gold Resources (TSXV:CLH) to buy the Robertson Property, located 60 miles south of Elko, Lander...Read More