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
Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More
With the purchase of North Bay's ProNorth Transportation in 2015, Titanium Transportation Group Inc. (TSX-V:TTR) is planning to step up and play a bigger role in the North Bay community. There has been stable progress over time with operations growing in size.An excerpt, as well as link to the full article can be found below.by Mike Anthony, The Nugget"We're ready to move forward and move upw...Read More
The Site C Energy Project in northern British Columbia. Source: BC HydroVancouver radio station CKNW has reported that British Columbia's NPD leader John Horgan wrote a letter to the president of BC Hydro asking them to stop work on the huge Site C Energy (dam) Project in northern BC.As of today (June 5), John Horgan is not even premier of the province, although he expects to be shortly when his a...Read More
Full Article: SWOT Analysis: Deutsche Bank Says Investors Should Prepare for Flight to GoldBy: Frank HolmesStrengthsThe best-performing precious metal for the week was palladium, up 4.18 percent. Bloomberg reports that rising automobile demand may be sending palladium futures toward the steepest rally since April 20.Bloomberg's weekly poll of traders and analysts show the trending heading toward...Read More
Investing.com - Gold prices rose to their highest level in around six weeks in European trade on Monday, as market players monitored mounting geopolitical tension in the Middle East as well as the fallout from the weekend terror attack in London.Comex gold futures rose to a session peak of $1,284.67 a troy ounce, a level not seen since April 20. It was last at $1,284.18 by 3:25AM ET (0725GMT), up...Read More
By Ellsworth DicksonVancouver radio station CKNW has reported that British Columbia's NPD leader John Horgan wrote a letter to the president of BC Hydro asking them to stop work on the huge Site C Energy (dam) Project in northern BC.As of today (June 5), John Horgan is not even premier of the province, although he expects to be shortly when his alliance with the Green Party will be enough for them...Read More
Long-Term Capital Management (LTCM) was a hedge fund with nearly $130 billion in assets. In 1998 it nearly collapsed and would have, had it not been bailed out by the Federal Reserve.The founder of LTCM was a Salomon Brothers trader, John Meriwether. The principal shareholders were Nobel Prize-winning economists Myron Scholes and Robert Merton.LTCM's strategy was relatively straightforward. It he...Read More
Clearly, the only sane thing to do after a terrorist attack is to take rights away. Maybe if we build a prison around society, we will all be safe. Maybe it is just a matter of the government having more power over the citizens, and they will finally rid the world of terrorism.Or maybe the UK’s priorities are all wrong. For instance, did you know that in the United Kingdom, you are required...Read More
Clearly, the only sane thing to do after a terrorist attack is to take rights away. Maybe if we build a prison around society, we will all be safe. Maybe it is just a matter of the government having more power over the citizens, and they will finally rid the world of terrorism.Or maybe the UK’s priorities are all wrong. For instance, did you know that in the United Kingdom, you are required...Read More
It is the simplest, most basic aspect of life: you need food, so you grow some vegetables. If you have extra you sell them on a street corner to your neighbors, and if you live in California you get arrested for it.Licensing is when the government takes a right from you, and sells it back. This California man failed to purchase his rights back from the state.But the poor police had pictures taken...Read More
It is the simplest, most basic aspect of life: you need food, so you grow some vegetables. If you have extra you sell them on a street corner to your neighbors, and if you live in California you get arrested for it.Licensing is when the government takes a right from you, and sells it back. This California man failed to purchase his rights back from the state.But the poor police had pictures taken...Read More
Investing.com - Gold prices rose to their highest level in over than a month on Friday after a disappointing U.S. employment report underlined the case for the Federal Reserve to continue raising rates at a gradual pace.Gold for June delivery settled at $1,278.77 on the Comex division of the New York Mercantile Exchange, up 0.93%. It was the highest close since April 25.The U.S. economy added 138,...Read More
Trump Rejects Climate PactThe stock market responded favorably to the President's announcement that the United States will be pulling out of the Paris Climate Pact that benefits countries like China and India at the expense of the U.S.Whether you agree or disagree with the President's decision, the financial markets liked the news. Under the terms of the deal, the earliest the U.S. can formally ex...Read More
When you were a kid, what did you want to be when you grew up?A teacher?An archaeologist?A pirate?A soldier?An antiquarian arms dealer?If you answered yes to any of the above, then you are in for a treat. If you didn't then, well, you are still in for a treat.That's because I spent the better part of an afternoon speaking with someone who fits all of those bills. Sean Rich has a very specific set...Read More
Investing.com - Gold prices edged lower in early morning North American trade on Friday as increased risk appetite weighed on the safe haven asset and investors looked ahead to the U.S. employment report and its corresponding impact on Federal Reserve (Fed) monetary policy.On the Comex division of the New York Mercantile Exchange, gold for June delivery lost $4.40, or around 0.35% to $1.262.60 a t...Read More
As you probably know, the marijuana industry is the hottest sector in the market right now. Nationwide legalization is imminent. It's going to happen. It's just a matter of time. Of course, the cannabis industry won't reach its full potential until that actually happens. That's why marijuana stocks are so hot right now. Everyone is scrambling to climb aboard the ship before it leaves port.The p...Read More
After a nerve-racking, jam-packed five-hour bus ride on a careening mountain road in the Nepalese countryside, I was seriously doubting my life choices. I had quit my job, moved my stuff back home with Mom and Dad, budgeted my modest savings for the next five months, and now I was in the middle of a remote town by a river with an over-stuffed backpack.It had all started with an application to help...Read More
After a nerve-racking, jam-packed five-hour bus ride on a careening mountain road in the Nepalese countryside, I was seriously doubting my life choices. I had quit my job, moved my stuff back home with Mom and Dad, budgeted my modest savings for the next five months, and now I was in the middle of a remote town by a river with an over-stuffed backpack.It had all started with an application to help...Read More
The 43-day strike at Escondida copper mine - the longest private-sector mining strike in Chile's history - ended on March 24, but part owner and operator BHP only lifted the force majeure on Thursday.Escondida is the world's largest copper mine by a large margin and the operation accounts for about 5% of the world's total copper output. Estimates put lost copper output during the strike at around...Read More
Investing.com - Gold prices pulled away from the previous session's five-week highs on Thursday, as the dollar regained some ground ahead of a string of U.S. data due later in the day and on Friday amid mounting hopes for a June rate hike by the Federal Reserve.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.39% at $1,267.05.The June contract e...Read More