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

Ontario parents who object to vaccines could be forced to take a class in science of immunization ... Parents in Ontario seeking a non-medical exemption to public-school immunization laws will soon have to take a course in the subject first. - National PostAnti-vaccine sentiments seem to be increasing. And such sentiments provide a textbook example of The Daily Bell's arguments regarding the imp...Read More

Western envoys in Uganda walk out of Museveni swearing-in 12 May 2016 ... The swearing-in ceremony was the fifth since President Museveni took power in 1986 Western delegations attending the inauguration of Ugandan President Yoweri Museveni have walked out of the ceremony in protest. – BBCThe West has a positive fetish about large-scale justice. And its latest obsession is the Internationa...Read More

The Coup Plot That Seeks to Oust Brazil’s President ... Russia Blames ‘Foreign Interference’ for Brazil Coup ... CIA has an extensive record of carrying out covert operations around the globe aimed at destabilizing governments that refuse to comply with U.S. interests. – TelesurOver the past months, we've written several articles on Brazil and US destabilization of th...Read More

Trump’s ‘Crooked Hillary’ label may stick ... Donald Trump dispatched his Republican rivals by branding each one with an insulting but memorable nickname ... As the general election campaign nears, Trump has settled on a label for the likely Democratic nominee: "Crooked Hillary." "It works," he boasted to the New York Times. "It flows." -Los Angeles TimesWhen we start to see...Read More

Ontario parents who object to vaccines could be forced to take a class in science of immunization ... Parents in Ontario seeking a non-medical exemption to public-school immunization laws will soon have to take a course in the subject first. - National PostAnti-vaccine sentiments seem to be increasing. And such sentiments provide a textbook example of The Daily Bell's arguments regarding the imp...Read More

Western envoys in Uganda walk out of Museveni swearing-in 12 May 2016 ... The swearing-in ceremony was the fifth since President Museveni took power in 1986 Western delegations attending the inauguration of Ugandan President Yoweri Museveni have walked out of the ceremony in protest. – BBCThe West has a positive fetish about large-scale justice. And its latest obsession is the Internationa...Read More

The Coup Plot That Seeks to Oust Brazil’s President ... Russia Blames ‘Foreign Interference’ for Brazil Coup ... CIA has an extensive record of carrying out covert operations around the globe aimed at destabilizing governments that refuse to comply with U.S. interests. – TelesurOver the past months, we've written several articles on Brazil and US destabilization of th...Read More

Ancient bronze tools unearthed in Sweden were made using copper from the Mediterranean, showing there was trade between the two cultures, archeologists have found.According to a story carried in Haaretz, an Israeli daily newspaper, copper mined in Sicily, Sardinia, the Iberian peninsula and Cyprus was exchanged for Nordic amber, which was as highly valued as gold in Mycenaean Greece and in the pr...Read More

Republicans Pray Trump Will ‘Evolve’ on Foreign Policy ... Donald Trump may eventually find some common ground with Congress on economics, but there's less hope for unity between the Republicans and their presumptive presidential nominee when it comes to foreign policy. Some senior party figures hope Trump's views will "evolve" to the point where the party can feel comfortable defend...Read More

Central banks are loading up on gold ... This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. - Yahoo, Business InsiderYesterday, we wrote about two simple, powerful factors boosting gold.First, the equity "bull" market is at least seven years old now and can't be counted...Read More

Global corruption costs trillions in bribes, lost growth ... Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday. – ReutersThe IMF has just announced that doing away with corruption worldwide is "criti...Read More

Republicans Pray Trump Will ‘Evolve’ on Foreign Policy ... Donald Trump may eventually find some common ground with Congress on economics, but there's less hope for unity between the Republicans and their presumptive presidential nominee when it comes to foreign policy. Some senior party figures hope Trump's views will "evolve" to the point where the party can feel comfortable defend...Read More

Central banks are loading up on gold ... This has been a great year for gold. The precious metal is up 19%, and recently crossed $1,300 per ounce for the first time in 15 months before pulling back into the $1,265 area. - Yahoo, Business InsiderYesterday, we wrote about two simple, powerful factors boosting gold.First, the equity "bull" market is at least seven years old now and can't be counted...Read More

Global corruption costs trillions in bribes, lost growth ... Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday. – ReutersThe IMF has just announced that doing away with corruption worldwide is "criti...Read More

Already high bankruptcy and default rates in mining & metals and oil & gas will only accelerate this year and the prolonged downturn in commodities will increasingly spill over into other sectors.So says Moody's Investors Service in a new report which forecasts global speculative-grade (sometimes called junk) default rates will continue to rise this year, to reach 5% in November due to continue...Read More

Indian central bank governor says helicopter money no panacea ... Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -ReutersRaghuram Rajan has come out against helicopter money and this is probably to be expected f...Read More

Why China Is Prone to Bubbles ... The only sure way for China to prevent new bubbles is to tighten credit, slow money growth and allow risk to price assets properly. If the government keeps stepping in to prevent falling prices and to bail out banks or other investors, the possibility of loss is discounted. The probability of an asset crunch like the ones Japan experienced in the 1990s and the...Read More

Bloomberg Singer Says Gold Rally Just Beginning as Goldman Sees Losses ... Billionaire hedge fund manager Paul Singer said that gold's best quarter in 30 years is probably just the beginning of a rebound as global investors — including Stan Druckenmiller — weigh the ramifications of unprecedented monetary easing on inflation. "It makes a great deal of sense to own gold. Other investors...Read More

Indian central bank governor says helicopter money no panacea ... Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -ReutersRaghuram Rajan has come out against helicopter money and this is probably to be expected f...Read More

Why China Is Prone to Bubbles ... The only sure way for China to prevent new bubbles is to tighten credit, slow money growth and allow risk to price assets properly. If the government keeps stepping in to prevent falling prices and to bail out banks or other investors, the possibility of loss is discounted. The probability of an asset crunch like the ones Japan experienced in the 1990s and the...Read More