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Ranked: The World’s Largest Lithium Producers In 2023

Ranked: The World’s Largest Lithium Producers In 2023

Three countries—Australia, Chile, and China—accounted for 88% of lithium production in 2023.In this graphic, we list the world’s leading countries in terms of lithium production. These figures come from the latest USGS publication on lithium statistics (published Jan 2024). Australia Leads, China Approaches Chile Australia, the world’s leading producer, extracts lithium directly from hard-rock mines, specifically from the mineral […]
Nvidia – The Market’s Atlas

Nvidia – The Market’s Atlas

Image Source: Pixabay After discussing Nvidia’s (NVDA) outsized role in the market’s psyche in the lead-up to its earnings report, it seems prudent to offer a final follow-up amidst the stock’s latest post-earnings rally. Quite frankly, if you told me that NVDA would be up over 10% by midday while the S&P 500 (SPX) is up only slightly, I would have […]
Should You Sell In May And Go Away?

Should You Sell In May And Go Away?

Image Source: Unsplash Historically, the period from November to April has shown the best returns. But that doesn’t mean that May to October has been down in these 6 months!In fact, looking back over the past 25 years, the S&P 500 has gained an average of about 2% from May through October. From November through April, it […]
Doctor Copper Is Sending Signals Our Way

Doctor Copper Is Sending Signals Our Way

  ↵Image Source: Pixabay The price of copper has hit an all-time high. This represents a signal about the world economy. The euphemism on Wall Street for the implications of the price of copper is called Doctor Copper.If the price of copper is moving higher, then Doctor Copper is diagnosing economic growth, or possibly an artificial […]
Financial Leaders Warn Of A Potential Hard Landing As Fed Weighs Options

Financial Leaders Warn Of A Potential Hard Landing As Fed Weighs Options

Image courtesy of 123rf.com As the U.S. economy continues to navigate a complex landscape with persistent inflation and a stock market setting new highs, the Federal Reserve seems committed to its patient approach regarding interest rate adjustments. Despite some encouraging signs of easing inflation, Fed officials have emphasized the need for more consistent data before considering any rate cuts. […]
Economy Slowing Slipping Into Recession, But Not There Yet

Economy Slowing Slipping Into Recession, But Not There Yet

Image Source: Pexels The recent spate of economic data continues to point to a weakening economy but one that is not yet precipitously falling into recession. The Philly Fed Index was released late last week. The diffusion index for current general activity declined 11 points to 4.5 in May. The index for new orders declined from 12.2 […]
Dow Sheds 605 Points, Logs Worst Day Of 2024

Dow Sheds 605 Points, Logs Worst Day Of 2024

Nvidia’s (NVDA) blockbuster earnings report could only prop up the broader market for so long. Stocks took a massive step back Thursday, with the Dow shedding more than 600 points for its biggest daily-digit drop since February 2023, with all three components finishing in the red. The tech-heavy Nasdaq and S&P 500 logged substantial losses […]
Gold Miners Facing 13-Year Resistance!!!

Gold Miners Facing 13-Year Resistance!!!

Image Source: Pixabay Gold prices have moved steadily higher and this has provided a strong tailwind to gold mining stocks.Today, we’ll highlight a very bullish setup in this sector by looking at the Gold Miners ETF (GDX).The chart below is a long-term “monthly” chart that highlights a massive triangle pattern that has developed for GDX.And, as you […]
Indian Central Bank Goes On Gold Buying Spree

Indian Central Bank Goes On Gold Buying Spree

Image Source: Unsplash The Reserve Bank of India has followed the lead of China and other Eastern central banks and ramped up its accumulation of gold.According to the latest data released by the RBI, the Indian central bank increased its gold reserves by 24 tons through the first four months of the year. The RBI added […]
Grains Report – Thursday, May 23

Grains Report – Thursday, May 23

  ↵Image Source: Unsplash WHEAT General Comments: Wheat was lower in all three markets after trading higher early in the session as the Illinois crop tour found the chance for very big yields. There were no more reports of frosts and freezing temperatures in Russian growing areas. It has also been very dry there. In addition, Ukraine […]