News and Reports

Metals & Mining 2025 / 2026 Year Ahead

January 07, 2026

The precious metals all soared in 2025, and while a continued monetary expansion and geopolitical risk could still drive gains especially for gold in 2026, a pullback in silver, platinum and palladium is possible after recent partly speculative surges.Read More

Year Ahead 2025

January 06, 2025

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

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

#Goldcorp 'miserable quarter' sends shares to 16-year low

October 25, 2018 / bit.ly

Operating results were hurt by lower output of all metals from the company's Pe??asquito mine, while costs climbed.Read full newsRead More

RT @mining: @Glencore boss Ivan Glasenberg to retire in 3-5 years - report

October 22, 2018 / bit.ly

He is said to have already begun training three to four people to succeed him in the job.Read full newsRead More

Gold Prices Gain as Asian Stocks Fall on Disappointing China Data

October 20, 2018 / www.investing.com

Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.Gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped 0.08% at?EUR?$1,226.4?EUR?a troy ounce by 1:19 AM ET (05:19 GMT).China’s economy grew 6.5% in the third quarter from a year earlier, its weakest pace sinc...Read More

Gold Prices Flat on Hawkish Fed Minutes

October 19, 2018 / in.investing.com

Investing.com - Gold prices were flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve.Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT).The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in Decem...Read More

Silver & PGMs Snapshot: Mexico a magnet for Canada's silver seekers

October 12, 2018 / www.northernminer.com

Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.BEAR CREEK MININGBear Creek Mining (TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.The Vancouver-based junior describes its flagship, w...Read More

Donlin gold mine needs to move a mountain. How close is that to happening?

October 13, 2018 / dlvr.it

There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More

Gold Prices Fall as Dollar Recovers

October 13, 2018 / in.investing.com

Investing.com - Gold prices were lower on Friday as the greenback recovered from a two-week low as inflation pressures eased.Comex gold futures for December delivery fell 0.39% to $1,222.80 a troy ounce as of 8:58 AM ET (12:58 GMT), after recording its largest daily percentage gain on Thursday since June 2016 amid a selloff in equities.Cooling inflation data and rate hike expectations lead to a ri...Read More

Gold Prices Extend Gains on Safe-Haven Demand; Dollar Falls

October 12, 2018 / www.investing.com

Investing.com - Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive.Gold futures for December delivery were up $3.30, or 0.3%, at $1,196.8 a troy ounce by 1:20AM ET (05:20 GMT). “Investors might start to look for alternative investments to equities, as factors such as high country debt levels and emerging infl...Read More

Rickards: Buy the Dip

February 07, 2026 / dailyreckoning.com

After a major correction on Friday, gold and silver are dipping again.As I write, silver is trading at around $81/oz and gold at $4,708. Both are still trading above their Friday lows, which is noteworthy.And to keep things in perspective, silver is now trading at levels first reached on... January 9th, 2026. And gold is trading at levels last seen on... January 20th, 2026.Clearly, the bull market...Read More

Sir, You're Behind on Your Cheese

February 07, 2026 / dailyreckoning.com

One free weekend last May, Pam, Micah, and I decided to take a ride to Bologna, in Emilia-Romagna, a mere three hours by car from our home in Il Piemonte.Friends had told me that Bolognese cuisine is beyond compare, but I wasn't all that excited. Yes, I love Parmigiano Reggiano, Grana Padana (another hard cheese), and balsamic vinegar, all from that part of Italy.But Bologna is also home to the ol...Read More

A Geopolitical Earthquake

February 07, 2026 / dailyreckoning.com

Our specialty is forecasting. We use multiple branches of science in our predictive analytic models including complexity theory, behavioral psychology, Bayes Theorem, neural networks (a form of artificial intelligence or AI), inference, subject matter expertise and good old-fashioned intuition to arrive at the market and geopolitical predictions we offer our readers.Our track record speaks for its...Read More

Don't Buy "Poor Man's Silver"

February 07, 2026 / dailyreckoning.com

Silver is known as "poor man's gold". A better name would be "everyman's gold".But the name stuck, so let's embrace it.Today we're going to look at what could be called "poor man's silver".Copper.All over the world, people are stockpiling copper bars. The screenshot below is from Chinese social media app Rednote:Source: AFRThere are many videos on these platforms encouraging people to buy copper b...Read More

Metal Beats Paper

February 07, 2026 / dailyreckoning.com

Today, we'll discuss what happened to gold, silver, metals and mining shares last Friday, and how you should play this game from here. (And as I do the last edits on this article on Tuesday morning, silver and gold prices are both up strongly.)First, I'll note that yesterday was Groundhog Day. And surely, you've seen the movie of that name starring Bill Murray, right? It's classic Americana.Punxsu...Read More

Tech Wreck

February 07, 2026 / dailyreckoning.com

Last spring, I thought the tech/AI bubble was bursting.That was wrong, or early. Same thing really.I suggested increasing exposure to precious metals and emerging markets.It's worked out well so far. Hard assets and EMs have outperformed significantly.But now a tech crash could once again be on the table. And it threatens to drag everything down with it. For a while at least.Let's dig into why sof...Read More

The New Commodity Supercycle

February 07, 2026 / dailyreckoning.com

Gold, silver, and miners are finally dipping after an insane run.Red days are no fun, but this is healthy for long-term bulls. We needed to slow down and consolidate gains. The move was too far, too fast.If you're looking to buy, free up some cash and be patient. This drop could be substantial. Although lately, every dip in gold and silver has been bought with a vengeance. We'll have to see if thi...Read More

Mining Co. "Finds" $3 Billion in the Trash

February 07, 2026 / dailyreckoning.com

On August 24, 2006, I joined Dr. Steve Sjuggerud on a trip to Tennessee. He asked me to come with him to visit a zinc smelter, of all things.For those of you who don't know Dr. Steve, he was one of the most successful newsletter writers and investors ever. He retired from Stansberry Research to surf, invest, and live the good life.He wanted to go to Clarkesville Tennessee because the company, Zini...Read More

Silver's 27% Drop, in Context

February 07, 2026 / dailyreckoning.com

Well, it's finally here.A major correction in gold and silver. It's pretty gnarly out there.A big dip was inevitable, as we've mentioned a few times lately. Metals have come a very long way in a very short time.But the sharpness of this move has surprised me. As I write, silver is down about 27% on the day to $83. Oof.Thankfully, gold is "only" down 11% and miners are down around 14%.At times like...Read More

Covfefe Confetti

February 06, 2026 / dailyreckoning.com

Did you believe Jim Rickards when he coined the phrase "Mar-a-Lago Accord"?Did you believe Stephan Miran when he actually wrote the Mar-a-Lago Accord?If you did, you're way ahead of Wall Street. And lightyears ahead of Main Street.No one really believed until two days ago. Not Wall Street. Not the City of London. Not Tokyo, Hong Kong, or Singapore.That's when The Donald told the world the dollar w...Read More

$714/oz Silver?!

February 05, 2026 / dailyreckoning.com

Silver closed trading today in Shanghai, China at $131.31/oz.That's $16 over the U.S. price.During this bull run, China has led the way. As we discussed yesterday, that's where the bulk of silver demand comes from.Silver is still primarily an industrial metal. As the best conductor of electricity, it's highly useful in electric vehicles, solar panels, and even modern weapons systems.We've covered...Read More

$110 Silver Tests the Faithful

February 05, 2026 / dailyreckoning.com

In March of last year, I wrote an article titled "Silver's 3x Upside".Silver was trading at $34.33 at the time.I expected the move to $100 to take until 2028, maybe even longer.Instead, silver shifted into vertical mode during the second half of 2025. It's currently trading at $111.69 per ounce, after briefly reaching $117.Lately, even I've been questioning whether it's time to take some profits.B...Read More

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