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

Gold: 3 Essential Facts For Your Future …When any market crashes, it's a shock. For a real nose dive it normally takes something unexpected and dramatic to kick it off. If people had any idea of the reason or that it was coming then the fall would start early and be more shallow. Gold is misunderstood and it is viewed as "the mad metal", so here are three things to remember whe...Read More

The Kimberley Process may ban diamond exports from the Central African Republic, reports Reuters.KP head Welile Nhlapo told the press during a World Diamond Council meeting in Israel Monday it would review a possible trade suspension of the country at a May 10 meeting.The process was set up to regulate the trade in diamonds from conflict torn areas to ensure they do not enter the marketplace and f...Read More

RCMP grapples with questions of FBI authority in Canada … In the wake of a dramatic RCMP reveal of two people arrested in Canada in connection with a plot to derail a passenger train, Canadians may have questioned why the United States Department of Homeland Security and the US Federal Bureau of Investigation were involved in the operation. Those who have followed the quiet evolution of Cana...Read More

RCMP grapples with questions of FBI authority in Canada … In the wake of a dramatic RCMP reveal of two people arrested in Canada in connection with a plot to derail a passenger train, Canadians may have questioned why the United States Department of Homeland Security and the US Federal Bureau of Investigation were involved in the operation. Those who have followed the quiet evolution of Cana...Read More

Gold's Declining Price Is a Reversion to the Mean … Since the beginning of the economic crisis in 2008, conservatives have been predicting that inflation is right around the corner. They base this prediction on the vast increase in the money supply that the Federal Reserve brought about in order to keep the financial system from imploding. Because a too-rapid rise in the money supply did...Read More

Gold's Declining Price Is a Reversion to the Mean … Since the beginning of the economic crisis in 2008, conservatives have been predicting that inflation is right around the corner. They base this prediction on the vast increase in the money supply that the Federal Reserve brought about in order to keep the financial system from imploding. Because a too-rapid rise in the money supply did...Read More

Meltdown? 15% of world's gold miners face collapse after plunge in price strips $169-billion off market value … Gold's 9.3% plunge on April 15, the biggest one-day drop in New York since March 1980, couldn't have come at a worse time for gold companies. Barrick Gold Corp. and Newmont Mining Corp., the world's two largest producers, are among companies in the FTSE Gold Mines I...Read More

Meltdown? 15% of world's gold miners face collapse after plunge in price strips $169-billion off market value … Gold's 9.3% plunge on April 15, the biggest one-day drop in New York since March 1980, couldn't have come at a worse time for gold companies. Barrick Gold Corp. and Newmont Mining Corp., the world's two largest producers, are among companies in the FTSE Gold Mines I...Read More

Gold's decline shakes the true believers' faith … The dramatic slide in the price of gold in the past week has reversed a rise that for more than a decade has been steady and seemingly inexorable. The sudden fall in which prices plummeted 9 percent, to $1,347.40 an ounce, on Monday, the biggest two-day loss percentage since 1983 – has put goldbugs, who are by definition pessimi...Read More

Gold's decline shakes the true believers' faith … The dramatic slide in the price of gold in the past week has reversed a rise that for more than a decade has been steady and seemingly inexorable. The sudden fall in which prices plummeted 9 percent, to $1,347.40 an ounce, on Monday, the biggest two-day loss percentage since 1983 – has put goldbugs, who are by definition pessimi...Read More

Gold's fair value is $800 an ounce … Gold's bear market is just beginning. That's the depressing assessment from Claude Erb, a former commodities portfolio manager for Trust Company of the West, and co-author – with Campbell Harvey, a Duke University university finance professor – of an academic study from last June that is looking to be increasingly prophetic. &ndash...Read More

India and Vietnam: Taking the Glitter out of Gold … When uncertainty reigns, investors all over the world turn to gold as a safe haven. But some countries are starting to take issue with their residents' preference for storing wealth in gold bars, rather than bank accounts … Widespread investments in physical gold … mean that large pots of wealth sit idle, instead of being pu...Read More

Gold's fair value is $800 an ounce … Gold's bear market is just beginning. That's the depressing assessment from Claude Erb, a former commodities portfolio manager for Trust Company of the West, and co-author – with Campbell Harvey, a Duke University university finance professor – of an academic study from last June that is looking to be increasingly prophetic. &ndash...Read More

India and Vietnam: Taking the Glitter out of Gold … When uncertainty reigns, investors all over the world turn to gold as a safe haven. But some countries are starting to take issue with their residents' preference for storing wealth in gold bars, rather than bank accounts … Widespread investments in physical gold … mean that large pots of wealth sit idle, instead of being pu...Read More

Soros says gold safe haven no more, but sees cbank support-report Institutional investor George Soros said gold has been destroyed as a safe-haven asset, but expects continued central bank buying to support prices, the South China Morning Post reported. – ReutersDominant Social Theme: Don't put your trust in gold.Free-Market Analysis: For those of us who spend time documenting various gl...Read More

How the gold market was crashed … There's been a recent huge draw down of physical gold at the New York COMEX and at the JPMorgan Chase depository … So what to do? And how can that happen? They have to hatch a plan and carefully orchestrate it in a series of events that takes the gold market completely by surprise and force players out of their long positions. Read on for today'...Read More

Soros says gold safe haven no more, but sees cbank support-report Institutional investor George Soros said gold has been destroyed as a safe-haven asset, but expects continued central bank buying to support prices, the South China Morning Post reported. – ReutersDominant Social Theme: Don't put your trust in gold.Free-Market Analysis: For those of us who spend time documenting various gl...Read More

How the gold market was crashed … There's been a recent huge draw down of physical gold at the New York COMEX and at the JPMorgan Chase depository … So what to do? And how can that happen? They have to hatch a plan and carefully orchestrate it in a series of events that takes the gold market completely by surprise and force players out of their long positions. Read on for today'...Read More

Big money flowing into stock, bond funds … Go with the flow: Investors added a record amount of cash to mutual funds in the first quarter. Stock and bond funds attracted a combined $193 billion, industry consultant Strategic Insight said. That tops the previous record of $140 billion in net deposits in the first quarter of 2007. ETF cash haul: Including exchange-traded funds, net deposits in...Read More

Gold tumbles to two-year low … The slide in gold prices became a rout on Monday as the precious metal tumbled a further 5 per cent to its lowest level in two years. Bullion was swept up in a wider sell-off across markets after Chinese growth figures disappointed. But the momentum behind gold's fall has been building for several months, with investors increasingly questioning whether the...Read More