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
Universities in America have typically been dominated by a liberalbias. … The mindset of employees at such institutions is quite different than one might think. We’re not going to name any names in this essay; this isn’t about a person or individual University. It’s about the intellectual class, really the only public intellectual class in America with any respect; the Iv...Read More
Trump’s Fed Can Start a Central Bank Revolution … President Donald Trump will select three members of the Federal Reserve board during his term in office, including a replacement chair for Janet Yellen when her appointment expires early next year. He should seize the chance to refresh the Fed with faces from the business community, adding executives to the roster of PhD economists who...Read More
President Bush Defends the 'Indispensable' Media in Rare Interview: 'Power Can Be Very Addictive' … Former president George W. Bush took a few thinly veiled shots at President Donald Trump during an interview with NBC's "Today" show. The Republican ex-president appeared on Monday's program to promote his upcoming book, "Portraits of Courage: A Commander in Chief's Tribute to America's Warrio...Read More
Universities in America have typically been dominated by a liberalbias. … The mindset of employees at such institutions is quite different than one might think. We’re not going to name any names in this essay; this isn’t about a person or individual University. It’s about the intellectual class, really the only public intellectual class in America with any respect; the Iv...Read More
Trump’s Fed Can Start a Central Bank Revolution … President Donald Trump will select three members of the Federal Reserve board during his term in office, including a replacement chair for Janet Yellen when her appointment expires early next year. He should seize the chance to refresh the Fed with faces from the business community, adding executives to the roster of PhD economists who...Read More
George W. Bush invaded Iraq to remove its - ultimately nonexistent - weapons of mass destruction. Barack Obama used cyber weaponry and sanctions to deter Iran from building its own atomic bomb. Now Donald Trump faces North Korea, but stopping its nuclear and missile program may prove impossible, creating what may be his first and perhaps defining international crisis. -ReutersPresident Donald Trum...Read More
George W. Bush invaded Iraq to remove its - ultimately nonexistent - weapons of mass destruction. Barack Obama used cyber weaponry and sanctions to deter Iran from building its own atomic bomb. Now Donald Trump faces North Korea, but stopping its nuclear and missile program may prove impossible, creating what may be his first and perhaps defining international crisis. -ReutersPresident Donald Trum...Read More
Investing.com - Gold prices hit three-and-a-half month highs on Friday as hopes for rapid tax reforms under the Trump administration faded, bolstering demand for the precious metal.Gold for April delivery settled up 0.53% at $1,258.05 on the Comex division of the New York Mercantile Exchange, having touched its highest since November 11 at $1,258.8 earlier.Gold finished the week with gains of 1.56...Read More
Google isn’t a state. It’s not a service. It’s a private company. They can censor whatever they want. Use a different company. If they want to cut off 1000’s of people from their services, that’s fine. They are free to do so … This is capitalism, Google isn’t a right. Facebook and Twitter are not free speech. They are private companies. – 4ChanGoogl...Read More
Google isn’t a state. It’s not a service. It’s a private company. They can censor whatever they want. Use a different company. If they want to cut off 1000’s of people from their services, that’s fine. They are free to do so … This is capitalism, Google isn’t a right. Facebook and Twitter are not free speech. They are private companies. – 4ChanGoogl...Read More
After coming unnervingly close to triple digits at the end of 2015, the price of gold ended a three-year losing streak last year. So far in 2017, gold has gained 9.5% in value, trading at more than $1,250 an ounce on Friday.MINING.com's sister company IntelligenceMine looked at costs at 140 primary gold mines and found 10 operations that would still make money even if gold halves in value from tod...Read More
Shares in US Lithium (OTCMKTS:LITH) went ballistic Friday after the exploration firm announced it had acquired a copper, nickel, cobalt project in Canada's Saskatchewan.Demand for lithium and cobalt has increased significantly in the past two years thanks to the growing production of electric and hybrid cars that use them in their batteries and other components.The Gochagar Lake project, until now...Read More
By Vikram SubhedarLONDON, Feb 24 (Reuters) - Bond market jitters spilled over into stocks on Friday, pulling European indexes lower for a third straight session, and the dollar was poised for a weekly loss as "Trumpflation" trades lost momentum.World stocks have hit record highs, emerging markets have regained favour and the dollar has climbed to a 14-year peak in recent weeks on expectations U.S....Read More
LONDON, Feb 24 (Reuters) - Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum.World stocks have hit record highs, emerging markets have come back in favour and the dollar has climbed to a 14-year peak in recent weeks on the back of expectations that U.S. President Donal...Read More
Investing.com - Gold prices climbed to three-month highs on Friday, as the minutes of the Federal Reserve's most recent policy meeting continued to weigh on the U.S. dollar and as policital uncertainty around the world boosted demand for safe-haven assets.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery were up 0.25% at a three-month high of $1,254.55.The...Read More
Ireland passes law making it a crime to buy sex … The country follows Canada, Sweden, Norway, Iceland and Northern Ireland in introducing legislation designed to punish men who use prostitutes without criminalising those driven into prostitution.Now sex is being recriminalized. If people want to work as prostitutes, they should be allowed to do so. Under laws now passed in several countries...Read More
Milton Friedman had many ideas that I disagree with, and others that I think haven't stood the test of time. But there's no denying his influence over the world of economics; he was one of the field's greatest popularizers and explainers. … For many Americans, the face of Milton Friedman is still the face of economics. -BloombergNo, we don’t need another Milton Friedman. We need a pers...Read More
Audit the Fed’ movement finally gaining steam? … In early January, Senator Rand Paul reintroduced the Federal Reserve Transparency Act, and Representative Thomas Massie introduced companion legislation in the United States House of Representatives, thereby continuing the “Audit the Fed” movement started by then Congressman Ron Paul. -American ThinkerThe Paul-Massie bills...Read More
Ireland passes law making it a crime to buy sex … The country follows Canada, Sweden, Norway, Iceland and Northern Ireland in introducing legislation designed to punish men who use prostitutes without criminalising those driven into prostitution.Now sex is being recriminalized. If people want to work as prostitutes, they should be allowed to do so. Under laws now passed in several countries...Read More
Milton Friedman had many ideas that I disagree with, and others that I think haven't stood the test of time. But there's no denying his influence over the world of economics; he was one of the field's greatest popularizers and explainers. … For many Americans, the face of Milton Friedman is still the face of economics. -BloombergNo, we don’t need another Milton Friedman. We need a pers...Read More