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

As the U.S. largest producer of eggs, Cal-Maine Foods has thrived in periods of uncertainty. Here's what investors in CALM stock need to know.Read full newsRead More

Hanryu Holdings, Inc. has filed to raise $35 million in a U.S. IPO, though the final figure may differ, and operates a platform in South Korea. Click for my take on HRYU.Read full newsRead More

How Lumen reports its earnings may have greater influence on its stock price than the facts of the report. Click here to read my most recent analysis of LUMN.Read full newsRead More

Viper Energy Partners could be a good way to expose your consumer exposure to energy prices. Find out why VNOM stock may add balance to your portfolio.Read full newsRead More

The Federal Reserve appears to be losing control of market and financial conditions have eased dramatically since December FOMC meeting. Click here to read more.Read full newsRead More

Lucid Group (LCID) cooled off in afternoon trading on Monday after Friday's monster 40% rally. Read more on LCID stock.Read full newsRead More

The SPDR S&P 500 Trust ETF has high-quality tech bets andRead full newsRead More

American International is a multi-line insurer with a global P&C footprint specializing in commercial and personal lines. Read my earnings analysis of AIG stock.Read full newsRead More

SoFi reported another strong quarter with revenue growth surging to 58%. The fintech also guided to another strong year. See our view on the stock.Read full newsRead More

First Interstate reported 4Q 2022 earnings on January 27. Shares promptly fell 11% from prior day closed. Read more to see the open letter.Read full newsRead More

The following slide deck was published by Ryanair Holdings plc in conjunction with their 2023 Q3 earnings call.Read full newsRead More

Murphy Oil Corporation is an independent global oil and natural gas exploration and production company. Click here to read my analysis of MUR stock.Read full newsRead More

Ryanair Holdings plc (NASDAQ:NASDAQ:RYAAY) Q3 2023 Earnings Conference Call January 30, 2023 5:00 AM ETCompany ParticipantsMichael O'Leary - Group CEO & Executive DirectorNeil Sorahan -...Read full newsRead More

Indonesia and the Philippines are the world's biggest suppliers of nickel.Read full newsRead More

JPMorgan is a defensive, flight-to-quality and outperforms in recessions and in the long term. See why JPM, for me, has always been and still is a long-term hold.Read full newsRead More

Erie Indemnity Company remains successful at sustaining revenue growth and margin expansion. See why my recommendation, for now, is a Hold for ERIE stock.Read full newsRead More

BATT has returned a negative 6.7% over the past year but is up 22.8% YTD. Read why I am changing my rating on the ETF from Hold to Buy.Read full newsRead More

Invesco KBW Bank ETF is a sector-specific fund, with a focus on bank stocks exclusively. See why I believe a Hold rating is appropriate for KBWB.Read full newsRead More

The turnaround in oil and other commodities in 2022 is well documented. The turnaround in EM is much less so. Check out my suggestion companies.Read full newsRead More

Altria offers an enormous 8.5% current yield, and has increased its dividend for 53 years in a row. It also faces massive risks.Read full newsRead More