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

I've been pushing capital to work in a variety of companies across multiple sectors. Read more to see my 5 top REITs/REs picks.Read full newsRead More

We're in the midst of the fourth quarter earnings season and already we're seeing a cautionary setup for 2023 as corporations find ways to cut back.Read full newsRead More

As of the last reporting period, Ares Capital's portfolio had a fair value of approximately $21.3B. Read more to see my thoughts on ARCC stock.Read full newsRead More

Enterprise Products Partners reported earnings for 2022, complete with another distribution hike. See why EPD looks to me like a set it and forget it pick.Read full newsRead More

McDonald's delivered a solid performance in the December quarter, despite a challenging macroeconomic backdrop. See why I rate MCD stockRead full newsRead More

With inflation now peaking and labor markets cooling, the environment enables central banks to slow and potentially pause interest-rate hikes.Read full newsRead More

Google submitted its Q4'22 earnings on Thursday. Google's advertising revenues actually declined year over year. Click here to see our take on GOOG stock.Read full newsRead More

My own judgement is that there have been three different root causes of inflation over the centuries, and there is perhaps also a fourth, a variant of two of the others.Read full newsRead More

The management team at Walt Disney is due to report financial results covering the first quarter of its 2023 fiscal year. Find out if DIS stock is a buy.Read full newsRead More

Fossil Group continues to lose market share in the growing smartwatches market. Click here to read what this means for FOSL stock and investors.Read full newsRead More

Kforce has done fairly well to grow both its top and bottom lines in recent years. Click here to read why I would rate KFRC stock as a buy.Read full newsRead More

RCI Hospitality is set for strong revenue growth this year with free cash flow likely set for another record year. Find out if RICK stock is a buy.Read full newsRead More

Beta sensitivity could act favorably this year, concurrently causing ARK Innovation ETF to surge. Click here to see our take on ARKK.Read full newsRead More

Here we highlight macro and technical bull and bear arguments for Bitcoin, focusing specifically on the latter in order to test our conviction for 2023.Read full newsRead More

Vonovia has become extremely oversold in the current market environment, creating an asymmetric risk/reward opportunity.Read full newsRead More

During the quarter, we re-entered into a position in APi Group. Why are we bullish on APG stock now? Click here to find out.Read full newsRead More

The USMV ETF is not in an especially attractive position right now - here's what investors need to know.Read full newsRead More

Griffon Corp. is one of our top five positions heading into 2023. Why did we invest in an outdated conglomerate structure? Click here to find out.Read full newsRead More

During Q4 2022, returns for separate accounts managed by Greystone Capital ranged from +5.0% to +19.9%. Click here to read the full fund letter.Read full newsRead More

Today, we discuss one of our early-stage investments, Roblox. Why do we think RBLX is a stock with the potential to 'matter'? Click here to find out.Read full newsRead More