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

Nobel gurus fear globalization is going horribly wrong … An interconnected world was meant to reduce inequality – but that doesn't seem to be happening. David Ricardo's Theory of Comparative Advantage has broken down after 200 years, or so I learned at the Lindau forum of Nobel laureates in Bavaria. The theory published in 1817 has been a guiding principle of free trade, taken...Read More

Here's what it will take to trigger the next stock market correction … As Wall Street hit another new record Thursday, it is worth considering what could cause a serious setback in stock market prices around the world. Since I started writing this column in 2012, I have repeatedly argued that the rebound in stock market prices from their nadir in the 2008-09 global financial crisis was t...Read More

Nobel gurus fear globalization is going horribly wrong … An interconnected world was meant to reduce inequality – but that doesn't seem to be happening. David Ricardo's Theory of Comparative Advantage has broken down after 200 years, or so I learned at the Lindau forum of Nobel laureates in Bavaria. The theory published in 1817 has been a guiding principle of free trade, taken...Read More

At least 37 people have died after a gold mine located 60 km north of the Central African Republic town of Bambari collapsed, burying about 30 workers.The mine is owned by Canadian Axmin (CVE:AXM), but was taken over by rebels over a year ago, who now control the area.According to local media, the accident was due heavy rains that made the pit in which the miners were working collapse. A governme...Read More

Janet Yellen Takes On Jackson Hole … The economic-policy debate in the U.S. is moving from, "Why is the recovery so sluggish?" to "Is inflation starting to get out of hand?" This shift is premature, to say the least. Federal Reserve Chair Janet Yellen should say so Friday when she addresses the annual summer confab of central bankers in Jackson Hole, Wyoming. – Bloo...Read More

Islamic State threat 'beyond anything we've seen': Pentagon … The sophistication, wealth and military might of Islamic State militants represent a major threat to the United States that may surpass that once posed by al Qaeda, U.S. military leaders said on Thursday. "They are an imminent threat to every interest we have, whether it's in Iraq or anywhere else," Defen...Read More

Janet Yellen Takes On Jackson Hole … The economic-policy debate in the U.S. is moving from, "Why is the recovery so sluggish?" to "Is inflation starting to get out of hand?" This shift is premature, to say the least. Federal Reserve Chair Janet Yellen should say so Friday when she addresses the annual summer confab of central bankers in Jackson Hole, Wyoming. – Bloo...Read More

Islamic State threat 'beyond anything we've seen': Pentagon … The sophistication, wealth and military might of Islamic State militants represent a major threat to the United States that may surpass that once posed by al Qaeda, U.S. military leaders said on Thursday. "They are an imminent threat to every interest we have, whether it's in Iraq or anywhere else," Defen...Read More

Nobel economists say policy blunders pushing Europe into depression … German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states … Professor Joseph Stiglitz said austerity policies had been a 'disastrous failure' and are directly responsible for the failed recovery. – UK TelegraphDominant Social Theme: The central bankers have...Read More

Black market boom lays bare a social divide in Colorado's marijuana market … Nascent cannabis industry splits between wealthy with clean criminal records and those who turn to less than legal methods … The red card – part of the state's legal landscape since 2000 when voters approved the sale of marijuana for medical use – allows the grower to cultivate a doctor-pre...Read More

Nobel economists say policy blunders pushing Europe into depression … German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states … Professor Joseph Stiglitz said austerity policies had been a 'disastrous failure' and are directly responsible for the failed recovery. – UK TelegraphDominant Social Theme: The central bankers have...Read More

Black market boom lays bare a social divide in Colorado's marijuana market … Nascent cannabis industry splits between wealthy with clean criminal records and those who turn to less than legal methods … The red card – part of the state's legal landscape since 2000 when voters approved the sale of marijuana for medical use – allows the grower to cultivate a doctor-pre...Read More

Government unveils significant stimulus measures to prop up cooling economy Korea … Economic growth decelerated in the second quarter of the year and more recent data indicate that the economy is still losing momentum. …, Although exports have been rising, growth is moderate, mainly due to the strong appreciation of the Korean won. Against this backdrop, Choi Kyoung-hwan's economic...Read More

I'm a cop. If you don't want to get hurt, don't challenge me. It's not the police, but the people they stop, who can prevent a detention from turning into a tragedy … No officer goes out in the field wishing to shoot anyone, armed or unarmed. And while they're unlikely to defend it quite as loudly during a time of national angst like this one, people who work in law enfor...Read More

Government unveils significant stimulus measures to prop up cooling economy Korea … Economic growth decelerated in the second quarter of the year and more recent data indicate that the economy is still losing momentum. …, Although exports have been rising, growth is moderate, mainly due to the strong appreciation of the Korean won. Against this backdrop, Choi Kyoung-hwan's economic...Read More

I'm a cop. If you don't want to get hurt, don't challenge me. It's not the police, but the people they stop, who can prevent a detention from turning into a tragedy … No officer goes out in the field wishing to shoot anyone, armed or unarmed. And while they're unlikely to defend it quite as loudly during a time of national angst like this one, people who work in law enfor...Read More

Stocks rally: Dow up 175, Nasdaq hits 14-year high … Stocks closed sharply higher Monday as the Dow surged 175 points and the Nasdaq jumped to a 14-year high. The rebound came as concerns over the Ukrainian conflict began to ease and investors shifted focus to corporate dealmaking and economic news. – USA TodayDominant Social Theme: The Dow climbs a wall of worry.Free-Market Analysis:...Read More

36% Of Americans Haven't Saved Anything For Retirement … Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com (NYSE: RATE) report. Sixty-nine percent of 18-29 year-olds haven't saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older. –CBSDominant Social Theme: It's bad o...Read More

Stocks rally: Dow up 175, Nasdaq hits 14-year high … Stocks closed sharply higher Monday as the Dow surged 175 points and the Nasdaq jumped to a 14-year high. The rebound came as concerns over the Ukrainian conflict began to ease and investors shifted focus to corporate dealmaking and economic news. – USA TodayDominant Social Theme: The Dow climbs a wall of worry.Free-Market Analysis:...Read More

36% Of Americans Haven't Saved Anything For Retirement … Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com (NYSE: RATE) report. Sixty-nine percent of 18-29 year-olds haven't saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older. –CBSDominant Social Theme: It's bad o...Read More