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

Study: You have 'near zero' impact on U.S. Policy … A startling new political science study concludes that corporate interests and mega wealthy individuals control U.S. policy to such a degree that "the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact." – BreitbartDominant Social Theme: If people were...Read More

Sukari gold mine, located 700 km from Cairo.Shares in gold miner Centamin (LON:CEY) (TSX:CEE) closed down over 6% in London Thursday as the company said its long-dragged dispute with Egyptian authorities over its flagship Sukari gold mine might drag into 2015.Delivering its second quarter results, the Alexandria-based company - Egypt's largest bullion producer- also logged lower production and hi...Read More

Legalizing pot is OK, but not a priority for Canadians: poll … Poll shows Canadians are OK with legalization … According to a new poll, most Canadians support legalizing marijuana, but don't see it as a pressing issue. Six out of every 10 people polled said they would support pro-marijuana legislation, according to a survey by Angus Reid Global. However, most respondents said it...Read More

All the myths that are fit to print: Why your news feels familiar …. Has some wise guy flipped a switch and thrown the news into summer reruns? Everywhere you look in your news feed is a story you've seen before … There are two reasons we shouldn't automatically reject news that's dressed up as myth by our favorite publications, websites, and TV channels. Used judiciously b...Read More

Legalizing pot is OK, but not a priority for Canadians: poll … Poll shows Canadians are OK with legalization … According to a new poll, most Canadians support legalizing marijuana, but don't see it as a pressing issue. Six out of every 10 people polled said they would support pro-marijuana legislation, according to a survey by Angus Reid Global. However, most respondents said it...Read More

All the myths that are fit to print: Why your news feels familiar …. Has some wise guy flipped a switch and thrown the news into summer reruns? Everywhere you look in your news feed is a story you've seen before … There are two reasons we shouldn't automatically reject news that's dressed up as myth by our favorite publications, websites, and TV channels. Used judiciously b...Read More

Crisis stalks Europe again as deflation deepens, Germany stalls … Data from Germany, Italy and Portugal put pressure on ECB to act … The ECB is waiting to see whether its new four-year loans for banks will stop the relentless contraction of credit and stave off the threat of a Japanese-style deflation trap … Portugal has crashed into deep deflation and Italy's inflation rate...Read More

The US, IS and the conspiracy theory sweeping Lebanon … Is America behind the creation of the Islamic State? … The BBC's Suzanne Kianpour, in Beirut, looks at the latest conspiracy theory doing the rounds in Lebanon. "In the Middle East, conspiracy theories are in our blood," one former Lebanese official said over lunch in a restaurant in central Beirut. He was referring...Read More

Crisis stalks Europe again as deflation deepens, Germany stalls … Data from Germany, Italy and Portugal put pressure on ECB to act … The ECB is waiting to see whether its new four-year loans for banks will stop the relentless contraction of credit and stave off the threat of a Japanese-style deflation trap … Portugal has crashed into deep deflation and Italy's inflation rate...Read More

The US, IS and the conspiracy theory sweeping Lebanon … Is America behind the creation of the Islamic State? … The BBC's Suzanne Kianpour, in Beirut, looks at the latest conspiracy theory doing the rounds in Lebanon. "In the Middle East, conspiracy theories are in our blood," one former Lebanese official said over lunch in a restaurant in central Beirut. He was referring...Read More

US Fed's Fischer warns of poor growth … The Federal Reserve's vice-chairman has pointed to weak labour force participation and a soft US housing recovery as two reasons for disappointing global growth, saying this could be a long-term phenomenon. Stanley Fischer's comments reflected continuing concern about the economy that has fuelled debate over whether the Fed should move soon...Read More

The Libertarian Fantasy … In the latest Times Magazine, Robert Draper profiled youngish libertarians — roughly speaking, people who combine free-market economics with permissive social views — and asked whether we might be heading for a "libertarian moment." Well, probably not. Polling suggests that young Americans tend, if anything, to be more supportive of the case fo...Read More

US Fed's Fischer warns of poor growth … The Federal Reserve's vice-chairman has pointed to weak labour force participation and a soft US housing recovery as two reasons for disappointing global growth, saying this could be a long-term phenomenon. Stanley Fischer's comments reflected continuing concern about the economy that has fuelled debate over whether the Fed should move soon...Read More

The Libertarian Fantasy … In the latest Times Magazine, Robert Draper profiled youngish libertarians — roughly speaking, people who combine free-market economics with permissive social views — and asked whether we might be heading for a "libertarian moment." Well, probably not. Polling suggests that young Americans tend, if anything, to be more supportive of the case fo...Read More

Karl Marx was right — at least about one thing … While the steady or slightly accelerating global growth rates predicted by the IMF is the most likely outcome, it may not be achievable because of three imbalances: social, geographical and demographic. These seem deeply embedded in the structure of global capitalism today. They are weakening demand, creating excess savings and driving t...Read More

Fools at the Fire … In the heat, in the still gloaming, we set up camp near a snowbank across from a glacier and a symphony of waterfalls. North Cascades National Park, a few hours' drive from Seattle, can always be counted on as a compress to the rest of the country's fever. Then, out of the park a few days later, down the valley to the arid east, it seems as if half of Washington S...Read More

Karl Marx was right — at least about one thing … While the steady or slightly accelerating global growth rates predicted by the IMF is the most likely outcome, it may not be achievable because of three imbalances: social, geographical and demographic. These seem deeply embedded in the structure of global capitalism today. They are weakening demand, creating excess savings and driving t...Read More

Fools at the Fire … In the heat, in the still gloaming, we set up camp near a snowbank across from a glacier and a symphony of waterfalls. North Cascades National Park, a few hours' drive from Seattle, can always be counted on as a compress to the rest of the country's fever. Then, out of the park a few days later, down the valley to the arid east, it seems as if half of Washington S...Read More

Has the 'Libertarian Moment' Finally Arrived? … "Let's say Ron Paul is Nirvana," said Kennedy, the television personality and former MTV host, by way of explaining the sort of politician who excites libertarians like herself. "Like, the coolest, most amazing thing to come along in years, and the songs are nebulous but somehow meaningful, and the lead singer kills h...Read More

Medical Marijuana, Physicians, and State Law … As Massachusetts prepares to implement its new medical-marijuana law, agents of the federal Drug Enforcement Administration (DEA) have reportedly visited at least seven Massachusetts physicians at their homes or offices and told them they must either give up their DEA registration or sever formal ties with proposed medical-marijuana dispensaries...Read More