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

SOME of the first geological images of one of the world's last unexplored mineral frontiers have glimpsed the mining potential of Australia's vast Nullarbor Plain.The images of the Earth's crust to a depth of 60 kilometres spanning a 484km stretch follow Australia's transcontinental rail line between Cook in South Australia to Haig in Western Australia.The new images, released this month, have ide...Read More

How the FBI reached decision on Clinton investigation ... Clinton forces should have only one hand clapping ... So far as we can now tell, the country in this instance has been well served by a leader and an FBI that has been diligent, hard-working and fair ... The FBI seems to have gotten this one right. -David Gergen, CNNDavid Gergen, a senior political analyst for CNN and "White House adviser...Read More

Chilcot report delivers damning verdict on British role in Iraq War ... London (CNN)A long-awaited official inquiry delivered a devastating indictment of Britain’s decision to invade Iraq Wednesday, finding that the war was based on flawed intelligence and had been launched before diplomatic options were exhausted. The findings of the 2.6 million-word Iraq Inquiry — seven years in th...Read More

City of London elite blame inequality for Brexit ... The City of London elite are urging companies and policymakers to learn one of the big lessons from the Brexit referendum by working harder to reverse the widening wealth gap in Britain and overseas. - Financial TimesOf course the top men in London's City want to reverse the "widening wealth gap."But not for them, you see. Not for handful of...Read More

Mexico's 84-Year-Old Mining Mogul Just Made a Cool $2.2 Billion ... Alberto Bailleres saw his net worth swell as Penoles rallied ... Miner Penoles is the world's biggest silver producer ... – BloombergWhen miners move, they move hard and fast.That's what happened toward the end of the 1970s and it is happening today as well.The interrupted upwards curve of metals prices against the dollar ha...Read More

How the FBI reached decision on Clinton investigation ... Clinton forces should have only one hand clapping ... So far as we can now tell, the country in this instance has been well served by a leader and an FBI that has been diligent, hard-working and fair ... The FBI seems to have gotten this one right. -David Gergen, CNNDavid Gergen, a senior political analyst for CNN and "White House adviser...Read More

Chilcot report delivers damning verdict on British role in Iraq War ... London (CNN)A long-awaited official inquiry delivered a devastating indictment of Britain’s decision to invade Iraq Wednesday, finding that the war was based on flawed intelligence and had been launched before diplomatic options were exhausted. The findings of the 2.6 million-word Iraq Inquiry — seven years in th...Read More

City of London elite blame inequality for Brexit ... The City of London elite are urging companies and policymakers to learn one of the big lessons from the Brexit referendum by working harder to reverse the widening wealth gap in Britain and overseas. - Financial TimesOf course the top men in London's City want to reverse the "widening wealth gap."But not for them, you see. Not for handful of...Read More

Mexico's 84-Year-Old Mining Mogul Just Made a Cool $2.2 Billion ... Alberto Bailleres saw his net worth swell as Penoles rallied ... Miner Penoles is the world's biggest silver producer ... – BloombergWhen miners move, they move hard and fast.That's what happened toward the end of the 1970s and it is happening today as well.The interrupted upwards curve of metals prices against the dollar ha...Read More

The $149-billion (U.S.) pipeline to expand the world's copper supply is running into trouble.Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade.Read moreRead More

China's state-backed Silk Road Fund, a $40 billion venture that invests along the nation's ancient trade routes with Central Asia, is said to be weighing a joint bid with China National Gold for Glencore' gold mine in Kazakhstan.According to sources familiar with the matter, quoted by Bloomberg, the group could pay up to $2 billion for the Vasilkovskoye mine, which is Glencore's largest gold opera...Read More

Bottom line: Hillary Clinton screwed up. She’s admitted this repeatedly. Other investigators have come to the same conclusion. If you want to criticize her for this, that’s fine. She deserves it. But there was no criminal intent and essentially no chance that a jury would have convicted her. We’ve known this for months now. Now we know it officially. -Mother JonesThere are those...Read More

Where the Fed Will Be When the Next Downturn Comes ... The easy-money policy may bump inflation over 3% in the next few years, setting up interest-rate increases. -WSJThis article in the Journal provides us with a scenario regarding another slump and how the Fed will react.It is written by Martin Feldstein, chairman of the Council of Economic Advisers under President Ronald Reagan and a member of...Read More

Gold Stocks Dodge Drop as Risk Aversion Hits South Africa Assets ... Gold producers escaped the worst of a two-day sell-off in South Africa as investors around the world switched to safer assets. While the rand headed for its biggest decline against the dollar in a week and was the second-worst performer in emerging markets, South Africa's gold mining index jumped to the highest since February...Read More

No matter how you look at it, Trump’s not winning ... Amid the incessant din of election-year punditry and prognostication, one fact reigns supreme: Republicans vote for Republicans and Democrats vote for Democrats ... It is why America is freckled with “red” and “blue” states and “safe” congressional seats. It is also why American presidential races are...Read More

Bottom line: Hillary Clinton screwed up. She’s admitted this repeatedly. Other investigators have come to the same conclusion. If you want to criticize her for this, that’s fine. She deserves it. But there was no criminal intent and essentially no chance that a jury would have convicted her. We’ve known this for months now. Now we know it officially. -Mother JonesThere are those...Read More

Where the Fed Will Be When the Next Downturn Comes ... The easy-money policy may bump inflation over 3% in the next few years, setting up interest-rate increases. -WSJThis article in the Journal provides us with a scenario regarding another slump and how the Fed will react.It is written by Martin Feldstein, chairman of the Council of Economic Advisers under President Ronald Reagan and a member of...Read More

Gold Stocks Dodge Drop as Risk Aversion Hits South Africa Assets ... Gold producers escaped the worst of a two-day sell-off in South Africa as investors around the world switched to safer assets. While the rand headed for its biggest decline against the dollar in a week and was the second-worst performer in emerging markets, South Africa's gold mining index jumped to the highest since February...Read More

No matter how you look at it, Trump’s not winning ... Amid the incessant din of election-year punditry and prognostication, one fact reigns supreme: Republicans vote for Republicans and Democrats vote for Democrats ... It is why America is freckled with “red” and “blue” states and “safe” congressional seats. It is also why American presidential races are...Read More

Courtesy of: Visual CapitalistBut it's not just precious metals that are back in vogue.Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter. Base metals were up, and even the TSX Venture, a Canadian index tracking many of the world's junior mining and energy stocks, was the best performing benchmark. This is meaningful, because it w...Read More