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

Bank of England cracks down on mortgages … Mark Carney outlines measures to keep lid on housing market at the Bank's Financial Stability Review … The Financial Policy Committee (FPC), which is in charge of financial stability, stressed that – while household indebtedness did not pose an "immediate threat" to the economy – it wanted to stem an increase in the n...Read More

The war on drugs is lost – legalise the heroin trade … I did not believe it before I went to Afghanistan. But it's now clear that prohibition is no answer to this deadly scourge … – Editorial by William Patey/UK GuardianDominant Social Theme: Let us regulate drugs worldwide. The UN can do it.Free-Market Analysis: Our attention was first drawn to this apparent dominant s...Read More

Shares in Cayden Resources (CVE:CYD) dipped on Thursday despite the release of the most significant drill results yet from its Pe??a de Oro target at its El Barque??o property in Mexico.After opening higher, by early afternoon trade the Vancouver-based junior was changing hands for $1.83, down 1.6% on the Toronto Exchange. Around 30,000 shares in the $86.7 million company had traded in line with u...Read More

The stock market is rigged and here's how individuals can play it … The stock market is rigged and always has been says Heidi Moore, the U.S. economics and finance editor at The Guardian. That's why many investors are staying clear of stocks even though U.S. markets are trading at all-time highs. An April Bankrate.com survey found that 73% of investors are "not more inclined to...Read More

The open source revolution is coming and it will conquer the 1% – ex CIA spy …The man who trained more than 66 countries in open source methods calls for re-invention of intelligence to re-engineer Earth. Robert David Steele, former Marine, CIA case officer, and US co-founder of the US Marine Corps intelligence activity, is a man on a mission. But it's a mission that frightens the...Read More

The stock market is rigged and here's how individuals can play it … The stock market is rigged and always has been says Heidi Moore, the U.S. economics and finance editor at The Guardian. That's why many investors are staying clear of stocks even though U.S. markets are trading at all-time highs. An April Bankrate.com survey found that 73% of investors are "not more inclined to...Read More

The open source revolution is coming and it will conquer the 1% – ex CIA spy …The man who trained more than 66 countries in open source methods calls for re-invention of intelligence to re-engineer Earth. Robert David Steele, former Marine, CIA case officer, and US co-founder of the US Marine Corps intelligence activity, is a man on a mission. But it's a mission that frightens the...Read More

Is this Obama's 'malaise' moment? … President Barack Obama's situation is getting perilously close to President Jimmy Carter's in 1979. Americans see little evidence of an economic recovery, more and more workers are giving up hope of ever finding a job, the burden of student loan debt — now larger than credit-card debt — is crushing the hopes of young people,...Read More

The al Qaeda-linked army now conquering territory in Syria and Iraq ultimately wants its new Islamic state to be a launching pad for attacking the U.S. homeland, says a new congressional report. Four experts at the Congressional Research Service (CRS) make that assessment, citing intelligence assessments and the words of Abu Bakr al Baghdadi, the leader of the Islamic State in Iraq and the Levant...Read More

Is this Obama's 'malaise' moment? … President Barack Obama's situation is getting perilously close to President Jimmy Carter's in 1979. Americans see little evidence of an economic recovery, more and more workers are giving up hope of ever finding a job, the burden of student loan debt — now larger than credit-card debt — is crushing the hopes of young people,...Read More

The al Qaeda-linked army now conquering territory in Syria and Iraq ultimately wants its new Islamic state to be a launching pad for attacking the U.S. homeland, says a new congressional report. Four experts at the Congressional Research Service (CRS) make that assessment, citing intelligence assessments and the words of Abu Bakr al Baghdadi, the leader of the Islamic State in Iraq and the Levant...Read More

Norway's $880 Billion Wealth Fund to Target Frontier Markets … Norway's $880 billion wealth fund, the world's largest, will broaden its scope of investments to target "frontier markets" and add more currencies to generate higher returns. The fund will broaden its "exposure to different sources of return and seek to exploit time-varying investment opportunities,&quo...Read More

The scandal of fiddled global warming data …The US has actually been cooling since the Thirties, the hottest decade on record When future generations try to understand how the world got carried away around the end of the 20th century by the panic over global warming, few things will amaze them more than the part played in stoking up the scare by the fiddling of official temperature data. The...Read More

Norway's $880 Billion Wealth Fund to Target Frontier Markets … Norway's $880 billion wealth fund, the world's largest, will broaden its scope of investments to target "frontier markets" and add more currencies to generate higher returns. The fund will broaden its "exposure to different sources of return and seek to exploit time-varying investment opportunities,&quo...Read More

The scandal of fiddled global warming data …The US has actually been cooling since the Thirties, the hottest decade on record When future generations try to understand how the world got carried away around the end of the 20th century by the panic over global warming, few things will amaze them more than the part played in stoking up the scare by the fiddling of official temperature data. The...Read More

Can Yellen Float Above Politics? … There's a growing consensus that central banks need to develop a new tool – so-called macroprudential policy. This involves politics too. The basic idea is that financial regulation is connected to monetary policy … Financial rules affect the economy in the aggregate. With that in mind, they could and should be tweaked during the course of t...Read More

Italy to push for 'United States of Europe' when it holds the EU presidency … Italy will use its presidency of the European Union to push for a "United States of Europe," the prime minister has said . Matteo Renzi, the Italian prime minister, has said that Italy will push for a "United States of Europe" during its six-month EU presidency, in a move likely to raise...Read More

Can Yellen Float Above Politics? … There's a growing consensus that central banks need to develop a new tool – so-called macroprudential policy. This involves politics too. The basic idea is that financial regulation is connected to monetary policy … Financial rules affect the economy in the aggregate. With that in mind, they could and should be tweaked during the course of t...Read More

Italy to push for 'United States of Europe' when it holds the EU presidency … Italy will use its presidency of the European Union to push for a "United States of Europe," the prime minister has said . Matteo Renzi, the Italian prime minister, has said that Italy will push for a "United States of Europe" during its six-month EU presidency, in a move likely to raise...Read More

Today's South is boldly moving backward …We used to call it the "New South." That was the era after Reconstruction and before the Civil Rights laws — when the states of the old Confederacy seemed most determined to preserve a social and economic order that encouraged low-wage industrialization as they fought to maintain Jim Crow. What was then distinctive about the South...Read More