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
Econet Wireless is now allowing group savings on its mobile money platform, EcoCash, a development the company says will reduce risks associated with cash handling.The EcoCash Savings Club will earn interest on "all pooled funds" each month.Saving groups can appoint a chairperson who will undertake the opening of the account while approving members will also be selected from the group.Sa...Read More
Econet Wireless is now allowing group savings on its mobile money platform, EcoCash, a development the company says will reduce risks associated with cash handling.The EcoCash Savings Club will earn interest on "all pooled funds" each month.Saving groups can appoint a chairperson who will undertake the opening of the account while approving members will also be selected from the group.Sa...Read More
If you ever wanted to give our nation's central bank a piece of your mind, now is your chance.That's because Federal Reserve Chair Janet Yellen is hiring … and she's taking applications from everyone who wants to apply.On Jan. 16, the Federal Reserve Board announced it is creating a "Community Advisory Council." – Uncommon Wisdom Daily, May 1, 2015Faux transparenc...Read More
If you ever wanted to give our nation's central bank a piece of your mind, now is your chance.That's because Federal Reserve Chair Janet Yellen is hiring … and she's taking applications from everyone who wants to apply.On Jan. 16, the Federal Reserve Board announced it is creating a "Community Advisory Council." – Uncommon Wisdom Daily, May 1, 2015Faux transparenc...Read More
When is a gun not just a gun? When it's also constitutionally protected free speech.That is the legal argument being made by Cody Wilson, a Texas man who gained attention two years ago by posting what are believed to be the world's first online instructions for how to build a 3-D printable gun. Mr. Wilson's files for what he called the Liberator, a single-shot pistol mostly made of pla...Read More
When is a gun not just a gun? When it's also constitutionally protected free speech.That is the legal argument being made by Cody Wilson, a Texas man who gained attention two years ago by posting what are believed to be the world's first online instructions for how to build a 3-D printable gun. Mr. Wilson's files for what he called the Liberator, a single-shot pistol mostly made of pla...Read More
The government doesn't need a warrant to search cellphone tower location records, a federal appeals court in Atlanta has ruled. In a potentially wide-ranging ruling, the court said that because cellphone owners technically "volunteer" their location to providers when they make phone calls, law enforcement agencies do not need a warrant to track an individual's location. – B...Read More
The government doesn't need a warrant to search cellphone tower location records, a federal appeals court in Atlanta has ruled. In a potentially wide-ranging ruling, the court said that because cellphone owners technically "volunteer" their location to providers when they make phone calls, law enforcement agencies do not need a warrant to track an individual's location. – B...Read More
The Federal Reserve said on Monday that the Justice Department was conducting a criminal investigation into the disclosure of confidential information in 2012 about a crucial meeting of the Fed committee that sets monetary policy.The Fed acknowledged the investigation in a letter to House Republicans who are pressing for information about the leak and the Fed's internal inquiry at the timeR...Read More
The Federal Reserve said on Monday that the Justice Department was conducting a criminal investigation into the disclosure of confidential information in 2012 about a crucial meeting of the Fed committee that sets monetary policy.The Fed acknowledged the investigation in a letter to House Republicans who are pressing for information about the leak and the Fed's internal inquiry at the timeR...Read More
The spectacular crash of Corinthian Colleges after years of systematically deceiving thousands of students into enrolling into low-quality, high-cost education programs has once again raised questions about how the for-profit college industry staved off stronger rules governing the $1.4 billion per year in federal loans that helped keep Corinthian afloat.Some hints emerged today in the giant chain...Read More
The spectacular crash of Corinthian Colleges after years of systematically deceiving thousands of students into enrolling into low-quality, high-cost education programs has once again raised questions about how the for-profit college industry staved off stronger rules governing the $1.4 billion per year in federal loans that helped keep Corinthian afloat.Some hints emerged today in the giant chain...Read More
The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, a milestone in the country's efforts to open its economy that would blunt U.S. criticism of Beijing's currency policy. The fund's reassessment of the yuan—set to be made official in IMF reports on China's economy due out in the coming months—fol...Read More
The International Monetary Fund is close to declaring China's yuan fairly valued for the first time in more than a decade, a milestone in the country's efforts to open its economy that would blunt U.S. criticism of Beijing's currency policy. The fund's reassessment of the yuan—set to be made official in IMF reports on China's economy due out in the coming months—fol...Read More
In the mining sector, mergers and acquisitions can deliver rapid returns to shareholders.Investors in Cayden Resources saw their shares swell by 300% in price late last year, when Cayden received a takeover offer from Agnico Eagle Mines. Steve Todoruk, a broker at Sprott Global Resource Investments Ltd., has been eyeing the next possible takeover. He believes he's narrowed down the most likely...Read More
It might sound like complete nonsense until you do a little bit of historical research. People often assume that community policing has always been around, that without police society itself would crumble. Few realize that the model of policing that we know today in the United States has its origins in slave patrols.The sort of propaganda that many of us are raised to believe has led us to imagine...Read More
It might sound like complete nonsense until you do a little bit of historical research. People often assume that community policing has always been around, that without police society itself would crumble. Few realize that the model of policing that we know today in the United States has its origins in slave patrols.The sort of propaganda that many of us are raised to believe has led us to imagine...Read More
Don't hold your breath, but future historians may look back on 2015 as the year that the renewable energy ascendancy began, the moment when the world started to move decisively away from its reliance on fossil fuels. Those fuels – oil, natural gas, and coal – will, of course, continue to dominate the energy landscape for years to come, adding billions of tons of heat-trapping carbo...Read More
Don't hold your breath, but future historians may look back on 2015 as the year that the renewable energy ascendancy began, the moment when the world started to move decisively away from its reliance on fossil fuels. Those fuels – oil, natural gas, and coal – will, of course, continue to dominate the energy landscape for years to come, adding billions of tons of heat-trapping carbo...Read More
Senate Republicans have launched the opening salvo in a battle over government surveillance powers, introducing a bill to preserve intact the National Security Agency's authority to store and search domestic telephone records…Legal authority for the program, contained in Section 215 of the Patriot Act, is set to expire June 1. That has set off a race between lawmakers who want to preserv...Read More