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

I know a better way to fight ISIS. It starts with an idea that should appeal the better angels of both hawks and doves: National service for all 18- to 28-year-olds.Require virtually every young American—the civic-minded millennial generation—to complete a year of service through programs such as Teach for America, AmeriCorps, the Peace Corps, or the U.S. military, and two things will...Read More

I know a better way to fight ISIS. It starts with an idea that should appeal the better angels of both hawks and doves: National service for all 18- to 28-year-olds.Require virtually every young American—the civic-minded millennial generation—to complete a year of service through programs such as Teach for America, AmeriCorps, the Peace Corps, or the U.S. military, and two things will...Read More

The shooting at the Emmanuel AME Church in Charleston is a tragedy and an undeniable act of racism. It is entirely proper to consider it an act of domestic terrorism. We should pause for a moment to remember the victims and offer our thoughts or prayers to their families.I wish we could also pause for a moment before we start to politicize this tragedy. Alas, my friends on the Left and Right have...Read More

The shooting at the Emmanuel AME Church in Charleston is a tragedy and an undeniable act of racism. It is entirely proper to consider it an act of domestic terrorism. We should pause for a moment to remember the victims and offer our thoughts or prayers to their families.I wish we could also pause for a moment before we start to politicize this tragedy. Alas, my friends on the Left and Right have...Read More

Genetically modified organisms hold a lot of promise for creating hardier crops and faster growing fish, but even supporters are concerned about invasive organisms running wild. If a faster, better, stronger strain of bacteria escaped the lab, how would we stop it? Now, scientists have come up with a new solution: self-destructing DNA.The system would use cutting-edge gene-editing tools to erase D...Read More

Genetically modified organisms hold a lot of promise for creating hardier crops and faster growing fish, but even supporters are concerned about invasive organisms running wild. If a faster, better, stronger strain of bacteria escaped the lab, how would we stop it? Now, scientists have come up with a new solution: self-destructing DNA.The system would use cutting-edge gene-editing tools to erase D...Read More

Six months after abandoning its humanitarian but underperforming slogan, "America's Navy. A global force for good," the U.S. Navy is making an $84 million bet on a new, presumably more muscular advertising agency.The Pentagon recently announced that Young and Rubicam, a slick Manhattan marketing firm, has won the Navy's advertising contract for its recruitment effort for one year...Read More

Six months after abandoning its humanitarian but underperforming slogan, "America's Navy. A global force for good," the U.S. Navy is making an $84 million bet on a new, presumably more muscular advertising agency.The Pentagon recently announced that Young and Rubicam, a slick Manhattan marketing firm, has won the Navy's advertising contract for its recruitment effort for one year...Read More

When it comes to transparency, this year's Bilderberg summit fails in every way imaginable. Three prime ministers, two foreign ministers, one president, no press conference. No public oversight. Just a bunch of senior policymakers locked away for three days with some incredibly powerful corporate lobbyists, discussing subjects intimately related to public policy. Subjects such as "globali...Read More

When it comes to transparency, this year's Bilderberg summit fails in every way imaginable. Three prime ministers, two foreign ministers, one president, no press conference. No public oversight. Just a bunch of senior policymakers locked away for three days with some incredibly powerful corporate lobbyists, discussing subjects intimately related to public policy. Subjects such as "globali...Read More

Russia and China have cracked the top-secret cache of files stolen by the fugitive US whistleblower Edward Snowden, forcing MI6 to pull agents out of live operations in hostile countries, according to senior officials in Downing Street, the Home Office and the security services.Western intelligence agencies say they have been forced into the rescue operations after Moscow gained access to more tha...Read More

Russia and China have cracked the top-secret cache of files stolen by the fugitive US whistleblower Edward Snowden, forcing MI6 to pull agents out of live operations in hostile countries, according to senior officials in Downing Street, the Home Office and the security services.Western intelligence agencies say they have been forced into the rescue operations after Moscow gained access to more tha...Read More

Mark your calendar: The most talked-about talent competition since Major Bowes Original Amateur Hour will be broadcast Aug. 6 on Fox News, from the new entertainment capital of the world, Cleveland. Ten Republican presidential contenders — those ranked highest in the five most recent national polls prior to the event — out of a possible field of 19, at last count, will share the stage....Read More

Mark your calendar: The most talked-about talent competition since Major Bowes Original Amateur Hour will be broadcast Aug. 6 on Fox News, from the new entertainment capital of the world, Cleveland. Ten Republican presidential contenders — those ranked highest in the five most recent national polls prior to the event — out of a possible field of 19, at last count, will share the stage....Read More

"Don't make me f**king run around here with thirty pounds of g*d-d***ed gear on in the sun because you want to screw around out here." – McKinney (TX) police officer Eric Casebolt to unidentified teens at pool party, June 5, 2015 (transcript) News coverage of the McKinney police incident faded quickly once the out-of-control Cpl. Casebolt resigned. Most commentary has been on t...Read More

"Don't make me f**king run around here with thirty pounds of g*d-d***ed gear on in the sun because you want to screw around out here." – McKinney (TX) police officer Eric Casebolt to unidentified teens at pool party, June 5, 2015 (transcript) News coverage of the McKinney police incident faded quickly once the out-of-control Cpl. Casebolt resigned. Most commentary has been on t...Read More

A review of the Federal Reserve's response to recent leaks about its bond-buying plans raises new questions about the central bank's efforts to police interactions with investors who can profit handsomely from inside information.In January 2011, the Fed adopted new rules for dealing with breaches, after a private research firm published an account of the central bank's deliberations. U...Read More

A review of the Federal Reserve's response to recent leaks about its bond-buying plans raises new questions about the central bank's efforts to police interactions with investors who can profit handsomely from inside information.In January 2011, the Fed adopted new rules for dealing with breaches, after a private research firm published an account of the central bank's deliberations. U...Read More

Washington's failure in recent years to keep careful watch over what goods are made where — especially when it comes to such vital items as electronics and drugs — means the United States now depends far more on China than vice versa. Back in the 1990s, advocates of liberalizing U.S. trade with China said economic interdependence would inevitably lead to peaceful coexistence. But o...Read More

Washington's failure in recent years to keep careful watch over what goods are made where — especially when it comes to such vital items as electronics and drugs — means the United States now depends far more on China than vice versa. Back in the 1990s, advocates of liberalizing U.S. trade with China said economic interdependence would inevitably lead to peaceful coexistence. But o...Read More