Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Paper money eventually returns to its intrinsic value - zero. Voltaire, 18th centuryIn films and TV shows set in the future, money is usually a digital government currency.Credits, cubits, and chits are a few names I recall. This is a globalist CBDC-based vision of the future. Bleak.But in one of my favorite sci-fi movies, Looper, precious metals reign supreme as money. In that film, the inevitab...Read More

For details on how your data is used and stored, see our Privacy Notice. Demand for mined commodities exceeded pre-pandemic levels in 2021. Despite macro-economic headwinds over the next few years, growth seems assured and could be supercharged by a faster decarbonisation pathway. Supply constraints and disruptions continue and are likely to be exacerbated by economic sanctions on Russia...Read More

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Early 2022 has brought the most traumatic events in Kazakhstan’s 30 years of modern independence. Widespread protests and civil unrest led to unprecedented scenes of violence on the country’s streets. Especially in Almaty, the largest city. More than 225 lives have been lost.What began as peaceful demonstrations against a sharp increase in the price of LPG fuel in resource-ri...Read More

For details on how your data is used and stored, see our Privacy Notice. The road to zero carbon will see an extraordinary build out of low carbon electric vehicles (EVs) and renewable power generating capacity. And as the world reduces its dependence on hydrocarbons, metals will be a linchpin of a zero carbon economy. Copper – in the form of wire, cable and foil – will bind...Read More

This webinar is open to Wood Mackenzie clients with the following subscription ONLY:Asia Pacific Power ServiceAsia Pacific Renewables ServicePlease register with your business email if your company has access the subscription above. Successful registration is based on email domain detection. Feel free to contact angel.hang@woodmac.com or luis.catalan@woodmac.com if you have any questions or e...Read More

We stand at a pivotal moment for the metals that will be essential to the energy transition. Metals-intensive low-carbon electrification remains a significant demand driver for transition metals, but geopolitical tensions and a challenging fiscal environment mean net-zero policies are being rolled back.For copper, EV and grid-related growth will boost long-term demand, but short-term supply-demand...Read More

For details on how your data is used and stored, see our Privacy Notice. It’s a little over a year since the US Inflation Reduction Act was passed into law. Solar was one of the main beneficiaries, thanks to an extension and expansion of the tax credits available to the industry. So why has the sector fallen out of favour with investors recently?August was a difficult month for the...Read More

Both nickel and copper possess properties that give them a central role in the drive for a greener future. While demand from existing use cases will continue to grow steadily, electric vehicle (EV) and energy storage applications will underpin a huge increase in long-term demand.At the recent Future Facing Mined Commodities Forum, we looked at the importance of these two metals for the energy tran...Read More

The copper market is on the brink of transformation, driven by increasing demand for copper-intensive technologies and the urgent need for sustainable practices across the metals and mining industry.Our interactive copper infographic offers a comprehensive overview of the future of the copper market, detailing the key trends and projections that will shape the industry through 2034.Fill out the fo...Read More

BHP has made an all-share offer for Anglo American which valued the company at US$40.7 billion, conditional upon separate demergers by Anglo American by distribution of its entire shareholdings in Kumba and Anglo-American Platinum Limited to Anglo American shareholders. Anglo American’s board has unanimously rejected the proposal from BHP on the basis of valuation and uncertainty associated...Read More

'One thing I like about Argentina. They cook with salt. That's it.' Robert DuvallWell, you never know, do you?Recall that the Argentines introduced a "century bond' in 2017. At the time, we were not alone in considering it the 'dumbest investment in the world.'Who would lend the Argentines money for 100 years, we wondered? Statistically, the odds were that Argentina would default seven times befo...Read More

The US dollar banking system is in themidst of a bank run by the measures that I will illustrate here.Since the 1879 gold standard wasestablished in America, the US dollar could be directly redeemed for goldwithin the banking system. This continued even after the Federal Reserve wascreated and until it was ended for citizens in 1933.In such a system, the measure of actualgold held by the banking s...Read More

Silver has quietly had a strong start to 2025, with the price up 12.6 percent. However, it remains significantly underpriced compared to gold from a historical perspective with the gold-silver ratio still above 90-1. The gold-silver ratio tells you how many ounces of silver it takes to buy one ounce of gold given the current spot price of both metals.While industrial demand has a much bigger impac...Read More

The gold miners’ stock prices have largely decoupled from their metal, which overwhelmingly drives their profits.This fundamental disconnect has spawned a shocking valuation anomaly, with gold stocks far too low relative to gold.But this aberration won’t last, as markets abhor extreme deviations from precedent.Mean reversions and proportional overshoots soon follow, so gold stocks will...Read More

As the richest nation and the world’s largest economy, it is hardly a surprise that the United States holds the most gold.What is surprising is where the gold isn’t: the United States Federal Reserve, known colloquially as the central bank.Mainstream media dutifully reports that the American central bank is number one out of the top 10 gold depositories in the world. Its 8,133 metric t...Read More

Industrial demand for silver has been surging in recent years. Solar panel manufacturers were largely behind the 11% jump in demand for 2023 versus the prior year. Forecasters predict another 9% jump this year.For silver investors, however, the future of demand from manufacturers may be even brighter than the recent past.The solar industry has been behind much of the growing appetite for silver. D...Read More

The mid-tier and juniorgold miners in this sector’s sweet spot for upside potential just finishedreporting truly-spectacular quarterly results. Fueled by dazzling record gold prices and lower mining costs, smallergold miners’ unit earnings skyrocketed to their highest levels ever.  Those incredibly-rich profits have left mid-tierseven more undervalued relative to prevailing g...Read More

The basis for analysis and forecasting at Elliott Wave International is fundamentally different from everyone else's.Here's a prime example in gold.This excerpt is from the March Elliott Wave Financial Forecast, when gold was trading below $2,050/oz. Gold's three-month implied volatility has declined to its lowest level in over four years. While low volatility is not a short term timing tool, low...Read More

The major gold minersjust reported their best quarterly results ever!  Record gold prices combined with lower miningcosts catapulted unit earnings to dazzling new records.  Yet despite exploding profitability, goldstocks continue to lag gold’s mighty upleg. This anomaly won’t last, as investors increasingly realize how seriouslyundervalued this sector remains.  Ther...Read More