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

Greece presents bailout plans to EU finance ministers … Greece's anti-austerity government is presenting its first concrete proposals for an alternative debt plan at an emergency meeting of eurozone finance ministers in Brussels. The government wants to overhaul 30% of its bailout obligations, replacing them with a 10-point plan of reforms. But EU ministers have warned that Greece must a...Read More

For the third time in a century, America will have to ride to Europe's rescue … From the sidelines, the US is watching the unfolding Greek tragedy with growing horror. It must stand ready to assist as the euro breaks apart. It would be the third time in a century. Will America once more end up having to save the fratricidal Europeans from themselves? – UK TelegraphDominant Social T...Read More

Greece presents bailout plans to EU finance ministers … Greece's anti-austerity government is presenting its first concrete proposals for an alternative debt plan at an emergency meeting of eurozone finance ministers in Brussels. The government wants to overhaul 30% of its bailout obligations, replacing them with a 10-point plan of reforms. But EU ministers have warned that Greece must a...Read More

For the third time in a century, America will have to ride to Europe's rescue … From the sidelines, the US is watching the unfolding Greek tragedy with growing horror. It must stand ready to assist as the euro breaks apart. It would be the third time in a century. Will America once more end up having to save the fratricidal Europeans from themselves? – UK TelegraphDominant Social T...Read More

Rand Paul's Know-Nothing Fed Bashing … See if you can spot the errors in Senator Rand Paul's push to audit the Federal Reserve, which he laid out Friday in Des Moines: "Anybody here want to audit the Fed?" Paul asked from the stage. "Anybody feel that the Fed's out to get us?" … "They'd be bankrupt, they'd be insolvent," he said. "...Read More

Why Legal Cannabis Is 2015's Best Startup Opportunity … Every entrepreneur dreams of discovering an untapped market where they could start with a low investment and build a huge business. If that's you, consider the developing legal marijuana industry. This sector is growing faster than ganja under grow lights. The best part is, it's early days for this – cough – budd...Read More

Rand Paul's Know-Nothing Fed Bashing … See if you can spot the errors in Senator Rand Paul's push to audit the Federal Reserve, which he laid out Friday in Des Moines: "Anybody here want to audit the Fed?" Paul asked from the stage. "Anybody feel that the Fed's out to get us?" … "They'd be bankrupt, they'd be insolvent," he said. "...Read More

Why Legal Cannabis Is 2015's Best Startup Opportunity … Every entrepreneur dreams of discovering an untapped market where they could start with a low investment and build a huge business. If that's you, consider the developing legal marijuana industry. This sector is growing faster than ganja under grow lights. The best part is, it's early days for this – cough – budd...Read More

'Free trade' isn't what Trans-Pacific Partnership would deliver … Think the Trans-Pacific Partnership is a free trade agreement? Think again. In principle, almost everyone's in favor of free trade. It promotes international harmony, raises wages, helps economies grow. It's an article of historical faith that the enactment of harsh protective U.S. tariffs in 1930 contribut...Read More

Organic food sales have gone through the roof. It's no wonder. It's widely believed that organic foods are more nutritious and safer than non-organic — they're even said to fight cancer — even though the evidence is far from clear …The premium prices may not be buying everything that's promised. – BloombergDominant Social Theme: Who needs natural food?Free-M...Read More

'Free trade' isn't what Trans-Pacific Partnership would deliver … Think the Trans-Pacific Partnership is a free trade agreement? Think again. In principle, almost everyone's in favor of free trade. It promotes international harmony, raises wages, helps economies grow. It's an article of historical faith that the enactment of harsh protective U.S. tariffs in 1930 contribut...Read More

Organic food sales have gone through the roof. It's no wonder. It's widely believed that organic foods are more nutritious and safer than non-organic — they're even said to fight cancer — even though the evidence is far from clear …The premium prices may not be buying everything that's promised. – BloombergDominant Social Theme: Who needs natural food?Free-M...Read More

Central Banks Move to Drive Down Currencies, Yielding Domino Effect … The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world's economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven down the value of their currencies. – Wall Street J...Read More

TSA to Arrest Anyone Charged with any Crime trying to Come or Leave – including taxes … The border is closing rapidly. First it was FATCA hunting Americans with any assets overseas whatsoever. Now just two days after taking charge of the committee chairing the House Homeland Security subcommittee hearing, U.S. Rep. John Katko introduced two bills. He is looking to effectively close the...Read More

Central Banks Move to Drive Down Currencies, Yielding Domino Effect … The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world's economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven down the value of their currencies. – Wall Street J...Read More

TSA to Arrest Anyone Charged with any Crime trying to Come or Leave – including taxes … The border is closing rapidly. First it was FATCA hunting Americans with any assets overseas whatsoever. Now just two days after taking charge of the committee chairing the House Homeland Security subcommittee hearing, U.S. Rep. John Katko introduced two bills. He is looking to effectively close the...Read More

Greece pleads with Berlin for time and money to re-write debt deal … Finance Minister Yanis Varoufakis evokes fears of Nazism in Greece in a bid to end his country's "ritual humiliation" at the hands of its creditors. – UK TelegraphDominant Social Theme: Negotiations with Greece are necessary but perilous.Free-Market Analysis: Is this a dance between the EU and Greece, de...Read More

Will the Next Recession Destroy Europe? … The initial hardline posturing on both sides of the Greek debt stand-off is already moderating. This latest European crisis can be resolved and, as I recently explained, most likely will be. Yet don't be overly optimistic about the euro area's longer-term chances of survival. The hash that the European Union has made of this latest Greek emer...Read More

Greece pleads with Berlin for time and money to re-write debt deal … Finance Minister Yanis Varoufakis evokes fears of Nazism in Greece in a bid to end his country's "ritual humiliation" at the hands of its creditors. – UK TelegraphDominant Social Theme: Negotiations with Greece are necessary but perilous.Free-Market Analysis: Is this a dance between the EU and Greece, de...Read More

Will the Next Recession Destroy Europe? … The initial hardline posturing on both sides of the Greek debt stand-off is already moderating. This latest European crisis can be resolved and, as I recently explained, most likely will be. Yet don't be overly optimistic about the euro area's longer-term chances of survival. The hash that the European Union has made of this latest Greek emer...Read More