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We do the research,

so you don't have to.

Capitalight Research publishes subscription-based research.

About Capitalight Research

Capitalight Research publishes weekly and monthly subscription-based research focused on gold, silver, copper, nickel, lithium, and select rare earths, technical analysis, US and Canadian economic and market data.

Our clients, which range from global mining companies to institutional wealth managers, use our proprietary research to inform their investment decisions, capital allocation decisions, treasury operations and business risk assessments.


Our business model is subscription-based, which produces higher quality reports and allows us to follow the facts wherever they lead us. We also offer customized research and 'white-label' versions of our publications.

Our Publications

Capitalight Research’s flagship publication is the internationally read Gold Monitor, which has been published for nearly 40 years. The Gold Monitor is quantitative driven with the analysis that only many years of experience of closely monitoring the market can provide. Our analysis integrates the current bullish and bearish factors driving the gold price, then ranks these factors according to the most relevant.

Gold Monitor

Published weekly

The monthly Silver Monitor features deep dive analysis into the underpinnings of the silver market. This publication covers not only silver market supply and demand factors, but also macroeconomic factors and events on the silver price. Past topics have included interest rates, inflation, government policy, recessions, market volatility and the US dollar. We include an updated quarterly scenario-based silver price forecast

Silver Monitor

Published monthly

The Critical Mineral Monitor assesses the outlook for minerals that are key to global decarbonization and electrification.

Critical Minerals

Published monthly

Phases & Cycles, founded over 30 years ago by Ron Meisels, specializes in independent technical and behavior analysis of North American securities and indices (S&P 500, S&P 100, DOW, S&P/TSX, and TSE Indices). The service provides both short- and long-term oriented investment research to assist money managers, investment advisors and individual investors in their decision making. The analysis provides an early warning, alerting our clients to potential price moves before they occur through the over 200 reports published each year.

Phases & Cycles

Multiple reports published weekly

Economic Insights is a chart-based overview and analysis of the US and
Canadian economies. The monthly publication includes a topical discussion
of recent events along with dashboards and charts on GDP, employment
data, inflation, the housing market, and monetary policy and fiscal policy.

Economic Insights

Published monthly

The Market Monitor provides propriety equity market valuation models based on the principles of Benjamin Graham “the father of value-investing”. This report is designed to be a ‘chart book’ of the S&P 500 and TSX indices, and our estimate of over and under valuation. This report also includes our interest rate and exchange rate forecasts.

Market Monitor

Published monthly

"As economist Martin Murenbeeld writes in his most recent Gold Monitor newsletter, “rising global debt levels is one of our most important medium/long-term factors in the gold outlook.”

This Economic Indicator Is Proving The Naysayers Wrong


"Copper could be heading towards supercycle territory in the medium term, with price levels expected to reach above US$5 per pound, economist and commodity market specialist Patricia Mohr told a mining event in Vancouver this week."

Patricia Mohr sees a copper super cycle emerging in the medium term

The Northern Miner

Tom Brady is Chief Economist at Newmont Mining Corporation. Having undertaken rigorous analysis of the drivers of historical and recent growth spending patterns in the industry, Brady believes that gold supply will gradually decline over the coming years.

Thoughts on global gold mine supply

World Gold Council

"The SPX had a one-day reversal on Wednesday. It traded in a narrow trading range between 3940 and 3965 until 1:30pm, but then began a sharp ascent to 4080 in the next 2 ½ hours. This brought the SPX above its 200-day Moving Average for the first time since March."

Chart watch: This is the week the market correction ended

The Globe and Mail

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Our Custom Services

Capitalight Research also offers customized ‘PHD-on-demand' research to our clients. Whether you need a one-page article or a presentation backed with facts, Capitalight Research can fulfill your needs.


Our most frequent requests include preparing gold price forecasts with longer time-horizons, preparing Board of Director presentations customized for their region of operation, and preparing shareholder meeting presentations that support the “buy and hold gold and gold equities” thesis.

Read our blog

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Brian Bosse

CEO & Director

Thomas Brady. Ph.D.

Editor, Silver Monitor, Critical Minerals Monitor

Ron Meisels


Carolyne Mignault

Research Associate

Martin Murenbeeld

Editor, Gold Monitor

Monica Rizk

Senior Technical Analyst

Chantelle Schieven

Managing Director

Peter Szydlowski

Director of Sales

Our Team Members

Alphabetical by surname

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