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
Cejay Kim September 16, 2015 Category: Research Who is Dr. Copper? He is believed to have a PhD in advanced economics because of his almost supernatural ability of predicting inflection points in the economy. He is looked at as a leading indicator because of his widespread application across industries; when copper prices decline there is a slowdown in growth and when prices increase there is a st...Read More
Cejay Kim September 16, 2015 Category: Research Who is Dr. Copper? He is believed to have a PhD in advanced economics because of his almost supernatural ability of predicting inflection points in the economy. He is looked at as a leading indicator because of his widespread application across industries; when copper prices decline there is a slowdown in growth and when prices increase there is a st...Read More
Asher Abid Khan sat in Istanbul's Ataturk Airport and considered his next move — forward to Syria and enlistment in the Islamic State, the militant group that had drawn him to the possibility of dying for Allah, or home to Texas and his bewildered family whose imploring messages were filling his voice mail.The 19-year-old pulled out his phone and dialed."I want to come home," K...Read More
Asher Abid Khan sat in Istanbul's Ataturk Airport and considered his next move — forward to Syria and enlistment in the Islamic State, the militant group that had drawn him to the possibility of dying for Allah, or home to Texas and his bewildered family whose imploring messages were filling his voice mail.The 19-year-old pulled out his phone and dialed."I want to come home," K...Read More
Two fatal developments are converging during this election in the United States. The decoupling of the super-rich from the rest of society is an accelerating trend in recent years. And also the consequences of a series of rulings by the Supreme Court in 2010 that enable politicians and support groups to accept unlimited donations. This confluence of events is undermining the development of the wor...Read More
Two fatal developments are converging during this election in the United States. The decoupling of the super-rich from the rest of society is an accelerating trend in recent years. And also the consequences of a series of rulings by the Supreme Court in 2010 that enable politicians and support groups to accept unlimited donations. This confluence of events is undermining the development of the wor...Read More
Donald Trump went from clown to contender in a mere 30 days. He is now polling in at 30% among Republicans, a 12-point spread from Ben Carson who is #2. Trump still loses next to Hillary by 2 points, but her nomination is not secure.A race of Sanders vs. Trump would be quite the sight, straight out of the 1930s. It's the Reds vs. the Browns all over again. My own sense is that the Browns could...Read More
Donald Trump went from clown to contender in a mere 30 days. He is now polling in at 30% among Republicans, a 12-point spread from Ben Carson who is #2. Trump still loses next to Hillary by 2 points, but her nomination is not secure.A race of Sanders vs. Trump would be quite the sight, straight out of the 1930s. It's the Reds vs. the Browns all over again. My own sense is that the Browns could...Read More
They say that every vote counts, but it's not usually this literal: A vote on a local sales-tax increase in Columbia, Missouri will be decided this month by Jen Henderson, a 23-year-old college student.Henderson is the only person eligible to vote on the increase because she is the only legal resident of the Business Loop 70 Community Improvement District (CID), the Columbia Tribune reports. T...Read More
They say that every vote counts, but it's not usually this literal: A vote on a local sales-tax increase in Columbia, Missouri will be decided this month by Jen Henderson, a 23-year-old college student.Henderson is the only person eligible to vote on the increase because she is the only legal resident of the Business Loop 70 Community Improvement District (CID), the Columbia Tribune reports. T...Read More
Chris Christie said Saturday that if elected president, he will track immigrants who overstay their visas like FedEx packages."I'm going to have Fred Smith, the founder of FedEx, come work for the government for three months. Just come for three months to Immigration and Customs Enforcement and show these people," the New Jersey governor said at a town hall event here.Christie added...Read More
Chris Christie said Saturday that if elected president, he will track immigrants who overstay their visas like FedEx packages."I'm going to have Fred Smith, the founder of FedEx, come work for the government for three months. Just come for three months to Immigration and Customs Enforcement and show these people," the New Jersey governor said at a town hall event here.Christie added...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
Cejay Kim September 9, 2015 Category: Research We are mired in almost the longest gold bear market in history. Since April 2011, the (HUI) Gold BUGS Index has declined more than 80%, while in the same period physical gold has declined 25%.Needless to the say, miners have experienced significantly more volatility than the underlying commodity. This is because gold producers are leveraged to gold pr...Read More
The Islamic State (Isis) militants have released a new video showing the terror group minting and distributing gold dinars, which it claims will be the new currency to save Muslims from the enslavement of 'satanic' US banks.The hour-long video, which is available in several languages, is mainly addressed to its Muslim supporters and claims that it is an attempt to take the land back to the...Read More
The Islamic State (Isis) militants have released a new video showing the terror group minting and distributing gold dinars, which it claims will be the new currency to save Muslims from the enslavement of 'satanic' US banks.The hour-long video, which is available in several languages, is mainly addressed to its Muslim supporters and claims that it is an attempt to take the land back to the...Read More