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

Fed fights back against 'feral hogs' … A top US central banker on Monday warned the "feral hogs" of financial markets against trying to force the Federal Reserve to shelve plans to slow its bond buying, as yields on US Treasuries climbed to their highest level since August 2011. Richard Fisher, president of the Dallas Federal Reserve, said in an interview with the Financial...Read More

Analysis: Brazil riots raise questions over sporting mega-events … Brazilian anger against the cost of staging the World Cup could undermine the argument that host countries benefit from sporting mega-events as they become too big for most countries to handle. UEFA's idea of splitting the Euro 2020 championship into minitournaments hosted in 13 different countries could be one of the alt...Read More

Kevin Rudd ousts Australia Prime Minister Julia Gillard … Kevin Rudd is more popular with voters than Ms Gillard … He won 57 votes in a leadership ballot of Labor MPs and senators called by Ms Gillard, who received 45 votes. The change comes ahead of a general election due in September, which polls suggest Labor is set to lose. After the vote, Ms Gillard confirmed she would stand by a...Read More

Pensioners living on pocket money as savings crisis hits millions … Pensioners-living-on-pocket-money-as-savings-crisis-hits-millions … Almost two million retired adults in the UK have less disposable income than the average 11 year-old, as Britain's savings crisis creates a generation of "pension paupers". A new survey last night said 15 per cent of men and women in reti...Read More

How Much Beanie Babies Were Predicted To Be Worth Vs. How Much They're Really Worth … The 1998 edition of the Scholastic Beanie Baby Handbook listed the original price of Beanie Babies when they were first released, how much they sold for in 1998, and their estimated price in 2008. Beanie Babies were supposed to be a good investment. From page 27 of the book: " Basically, if you can...Read More

Two Fed Presidents Emphasize Stimulus to Persist After QE Taper … Two Fed Presidents Emphasize Stimulus to Persist After QE Taper Two Federal Reserve (TREFTOTL) presidents who differ over the need for more stimulus emphasized that monetary policy remains accommodative, less than a week after a timeline to reduce bond purchase jolted financial markets. "What we're talking about here...Read More

Fed fights back against 'feral hogs' … A top US central banker on Monday warned the "feral hogs" of financial markets against trying to force the Federal Reserve to shelve plans to slow its bond buying, as yields on US Treasuries climbed to their highest level since August 2011. Richard Fisher, president of the Dallas Federal Reserve, said in an interview with the Financial...Read More

Analysis: Brazil riots raise questions over sporting mega-events … Brazilian anger against the cost of staging the World Cup could undermine the argument that host countries benefit from sporting mega-events as they become too big for most countries to handle. UEFA's idea of splitting the Euro 2020 championship into minitournaments hosted in 13 different countries could be one of the alt...Read More

Kevin Rudd ousts Australia Prime Minister Julia Gillard … Kevin Rudd is more popular with voters than Ms Gillard … He won 57 votes in a leadership ballot of Labor MPs and senators called by Ms Gillard, who received 45 votes. The change comes ahead of a general election due in September, which polls suggest Labor is set to lose. After the vote, Ms Gillard confirmed she would stand by a...Read More

Pensioners living on pocket money as savings crisis hits millions … Pensioners-living-on-pocket-money-as-savings-crisis-hits-millions … Almost two million retired adults in the UK have less disposable income than the average 11 year-old, as Britain's savings crisis creates a generation of "pension paupers". A new survey last night said 15 per cent of men and women in reti...Read More

How Much Beanie Babies Were Predicted To Be Worth Vs. How Much They're Really Worth … The 1998 edition of the Scholastic Beanie Baby Handbook listed the original price of Beanie Babies when they were first released, how much they sold for in 1998, and their estimated price in 2008. Beanie Babies were supposed to be a good investment. From page 27 of the book: " Basically, if you can...Read More

Mark Carney: golden chance for return to prosperity beckons … Mark Carney has a golden opportunity to rescue Britain. The incoming Bank of England Governor has the Chancellor squarely behind him, a public desperate for new ideas to bolster the recovery, and a suite of powers to make rival central bankers jealous. With no ties to the UK, he doesn't need to curry political favour or burnis...Read More

The Federal Reserve's Framers Would Be Shocked … ONE hundred years ago today, President Woodrow Wilson went before Congress and demanded that it "act now" to create the Federal Reserve System. His proposal set off a fierce debate. One of the plan's most strident critics, Representative Charles A. Lindbergh Sr., the father of the aviator, predicted that the Federal Reserve A...Read More

76% of Americans are living paycheck-to-paycheck … Roughly three-quarters of Americans are living paycheck-to paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency...Read More

Mark Carney: golden chance for return to prosperity beckons … Mark Carney has a golden opportunity to rescue Britain. The incoming Bank of England Governor has the Chancellor squarely behind him, a public desperate for new ideas to bolster the recovery, and a suite of powers to make rival central bankers jealous. With no ties to the UK, he doesn't need to curry political favour or burnis...Read More

The Federal Reserve's Framers Would Be Shocked … ONE hundred years ago today, President Woodrow Wilson went before Congress and demanded that it "act now" to create the Federal Reserve System. His proposal set off a fierce debate. One of the plan's most strident critics, Representative Charles A. Lindbergh Sr., the father of the aviator, predicted that the Federal Reserve A...Read More

76% of Americans are living paycheck-to-paycheck … Roughly three-quarters of Americans are living paycheck-to paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday. Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency...Read More

At least 37 miners are dead and many injured after a gold mine collapsed in the Central African Republic.The collapse occurred inside a pit near Ndassima village on Sunday and was caused by heavy rainfall, Reuters reports."The toll of 37 is provisional as there were many injured," said Prosper Ndouba, a spokesman for the president's office.The republic is a major site for diamond and gold projects...Read More

BIS fears fresh bank crisis from global bond spike Soaring bond yields across the world threaten trillion of dollars in losses for investors and a fresh financial crisis unless banks are braced for the shock, the Bank Settlements has warned … Marcus Nunes from the Fundação Getúlio Vargas in São Paulo said the report "reeks of Austrianism", referring to t...Read More

The global middle class awakens … Marko Djurica Alper, a 26-year-old Turkish corporate lawyer, has benefited enormously from Prime Minister Recep Tayyip Erdogan's rule. He is one of millions of young Turks who rode the country's economic boom to a lifestyle his grandparents could scarcely imagine. Yet he loathes Erdogan, participated in the Taksim Square demonstrations and is taking...Read More