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

Calamos Long/Short Equity & Dynamic Income Trust (CPZ) is down in line with the S&P 500 Index in the past year. Check out why I'm neutral on the fund.Read full newsRead More

In Q4 2022, HUB Group reported a 2% year-over-year increase in revenue, but a decline in operating margin to 8.1%. Click here to see our take on HUBG stock.Read full newsRead More

Based on the quantitative analysis, Boyd Gaming is positioned in the middle of the gaming industry. See why I assess BYD stock as a hold at present.Read full newsRead More

BP is not my absolute top pick among oil stocks, however, the good easily outweighs the bad. Click here to read why I would rate BP stock as a buy.Read full newsRead More

Chart management made a financing error that dropped the stock price. The business still appears unaffected. Click here to see our take on GTLS stock.Read full newsRead More

DCP Midstream preferreds, DCP.PB and DCP.PC, yields 7.75% and 7.88%, respectively. See why we rate both DCP-B and DCP-C as Buys, with DCP-C holding a slight edge.Read full newsRead More

Astria's shares have rallied on back of some healthy patient data regarding STAR-0215. See why we will stay on the sidelines for ATXS stock.Read full newsRead More

Martin Midstream Partners is issuing $400 million in new second-lien notes due 2028 at 97% of par. See why I'm bullish on MMLP stock.Read full newsRead More

Pioneer Natural Resources is an excellent way to play energy prices as investors can profit from a rising share price. Click here to see our take on PXD stock.Read full newsRead More

Real estate equities also continued their hot start to the new year as REIT earnings season kicked into gear. Check out the real estate weekly metrics here.Read full newsRead More

Blackstone is in hot water. We think that some of its peers are more compelling, namely, Patria Investments Limited. Read more to see our comparison.Read full newsRead More

Itochu did not raise its annual profit or dividend forecast in the last earnings report, unlike most of its trading company peers. See why I'm neutral on the stock.Read full newsRead More

FanDuel should continue to be a growing contributor to the performance of Boyd Gaming in the future. Click here to see our take on BYD stock.Read full newsRead More

Market movements this year indicate that many investors don't believe that the Federal Reserve will really live up to its picture of continued increases in its policy rate.Read full newsRead More

ICF paid quarterly dividends since its inception and generated low but consistent yield. See why I'd recommend the fund only to long-term growth seeking investors.Read full newsRead More

SomaLogic caught a strong bid in December and the rally has extended into the new year. Click here to read why I would rate SLGC stock as a buy.Read full newsRead More

GrafTech sees volume declines, higher costs and lower prices in 2023, creating a very tough setup. Click here to see our take on EAF stock.Read full newsRead More

Investors will return next week with a new wildcard in the mix after the January jobs report smashed expectations.Read full newsRead More

So far this year, Cosmos has outperformed the growth of major indices, which have also had a strong start to the year. See why I rate COSM stock a strong buy.Read full newsRead More

Meta announced its Q4 earnings, exceeding expectations on the top line by 1.5%. Click here to read my analysis of META stock and why it's a hold.Read full newsRead More