PDAC and BMO spring conferences

Bank of Montreal organizes its 'Global metals and mining and critical minerals' conference in sunny Miami, while the PDAC stays closer to home in Toronto, on its usual venue and time after on-line and postponed/restricted editions previous years.

Future of the monetary system

Monetary largesse and ballooning public debt have been fueling the growth of the money supply. As a result, the fiat based monetary system has been experiencing its first inflationary surge in the 21st century. What does the future hold for the monetary system? Macroeconomic imbalances and geopolitics may accelerate change in the current largely USD-based monetary system into a more multipolar one.

Global Investment Returns Yearbook 2023

The Credit Suisse Global Investment Returns Yearbook 2023 offers unique data on long-term investment returns. Read the latest edition to discover how different asset classes have performed since 1900 around the world, and to find out how a historical perspective can help today’s investors plan for the future.

Vancouver Resource Investment Conference (VRIC-2023)

The annual Vancouver Resource Investment Conference is being organized on Jan 29 and 30.  Over 300 junior mining companies are gathering in Vancouver, British Columbia to showcase exploration and production of the most critical commodities the world needs to move forward in the 21st century.

Gold is ending 2022 flat, but miners slide

Eventually Gold is ending 2022 nearly flat (-0.3%) but miners still give way. The HUI gold miners index of US quoted unhedged miners is losing 11.25% over 2022.

Miners recovering

The HUI Gold Miners index has dipped several times over the last two months. The recovery after the last dip on Nov 3 proved to be sustainable.

Diverging price trends of 'white' precious metals

There is a lot of complaining going on about 'white precious metals'. In some cases producers are struggling to remain profitable, let alone to stay afloat. In other cases industrial consumers are trying to find ways to reduce the amount needed of those expensive metals having even multiplied in price.

Worst quarter since 2013-Q2 is ending with a recovery rally

Precious metals have been weakening all summer and the slide aggravated in September. We probably have seen the bottom on Monday. The last week of September, precious metals have been recovering.

Miner crash perpetuated

Never an autumn precious metals and miner rally has been more improbable than in 2022. The July miners crash was only the first stage. The month ended with miners barely following the gold recovery lasting till August 12. The sentiment for precious metals turned sour again, especially last few days as PR's from Jackson Hole don't reveal any softening of the pace of FED rate increases. Those seem now echoed by a similar, though much delayed, stance taken by the ECB.

The July Miner crash

 International tension culminating in the outbreak of the Ukraine war, caused precious metals to spike by end February and the beginning of March. The hesitant first rate FED hike didn't really alter the outlook for the yellow metal. With the benefit of hindsight this was a peak level, hence an ideal exit moment.