In 2016, #Canada mined an estimated 903,000 troy ounces of Platinum Group Metals in concentrate. Over 78% of this amount was mined as a by-product, as there is only ONE Primary producer of PGM's in Canada. Our River Valley Project could become the second.
Source: Natural Resources Canada
2018 reaches a climax this week.
It’s effectively the last serious trading week of the year, and the economic calendar reflects that. Indeed, there’ll be a handful of days between Christmas and New Years to keep across, but with little news and thin trade, it’s tough to imagine anything coming out of them.
TIP: When it comes to trading this month’s Federal Reserve rate decision, there are a few things to consider.
First and foremost, investors have fully priced in 25bp of tightening so a hike won’t be a surprise. Secondly, most investors expect the central bank to be less hawkish so if the Fed makes it clear that further rate hikes are needed and there’s still scope for 3 rounds of tightening, the dollar will soar regardless of Powell’s concerns about the economy.
Although the Fed forecasts 3 rate hikes, Fed fund futures are only pricing in 1 for next year and this huge misalignment will translate into FX volatility. If the Fed’s dot-plot forecast drops to 2 hikes from 3, the dollar will drop – but the magnitude will depend on the Fed’s tone.
There’s no reason for the Fed to talk up rate hikes right now because stocks are falling, yields are slipping and the dollar is weakening. Lower yields and a lower dollar also help to minimize the pain of falling stocks.
Global political and economic uncertainty (brexit anyone?) has made for a tumultuous time in the markets recently. 🌊 Good diversification has been proven to help investors withstand the peaks and troughs. With enough variety in your portfolio those investments that are performing well can potentially offset the impact of those doing badly. And if all of this sounds too frightening to contemplate, remember: that’s what experts are there for. A good financial advisor can help you hold your nerve. ✅ Link in bio to book a call with our CEO to find out more #letsmakeitrain
Leverage Your Losses: Harvest your losses! It’s been a strong year for US #equities, but international #stocks and fixed income have had negative returns for the most part. Therefore, take advantage of tax loss harvesting to offset any of the gains you’ve taken throughout the year. Bear in mind, though, that you can’t buy back the same holding you sold at a loss within 30 days or else you’ll run afoul of ‘wash sale’ rules. #accounting#sdmayer#taxplanning