Recent News

Beware the Western Digital Pop

January 09, 2019 / www.schaeffersresearch.com

The company unveiled new products at the Las Vegas CESThe shares of Western Digital Corp (NASDAQ:WDC) are higher today, after the data storage concern launched a slate of new products at the Consumer Electronics Show (CES). Against this backdrop, WDC options volume is also soaring today. However, WDC stock is now facing off against a formidable trendline, and previous tests of the moving average h...Read More

Triumph Gold Triples Property Size at Andalusite Peak in NW British Columbia after Identifying Extensive Cu-Au-Ag M...

January 09, 2019 / twitter.com

"Triumph Gold Triples Property Size at Andalusite Peak in NW British Columbia after Identifying Extensive Cu-Au-Ag Mineralization with Grades up to 67% Cu, 500 g/T Ag and 2.8 g/T Au @TriumphGoldCorp https://t.co/9NiiZ3Gxam"Read full newsRead More

Surge Exploration announces spin-out company - CuGold

January 09, 2019 / www.mining.com

Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More

Surge Exploration announces spin-out company - CuGold

January 09, 2019 / www.mining.com

Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More

Surge Exploration announces spin-out company - CuGold

January 09, 2019 / www.mining.com

Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More

Surge Exploration announces spin-out company - CuGold

January 09, 2019 / www.mining.com

Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More

2 Bank Stocks to Watch During the D.C. Shutdown

January 09, 2019 / www.schaeffersresearch.com

Both names tagged two-year lows near the start of the shutdownThe partial U.S. government shutdown has entered day 19, with President Donald Trump and congressional leaders expected to meet today to resume funding negotiations. This follows POTUS' prime-time address to the nation last night and a tweet from Trump this morning that said, "we MUST fix our Southern Border!" With no end in sight, fina...Read More

U.S.-China Trade Hopes Lift Dow

January 09, 2019 / www.schaeffersresearch.com

The DJI is pacing for a fourth straight gainThe Dow Jones Industrial Average (DJI) briefly dipped into the red, but has since roared back to life. Stocks are higher amid optimism over a U.S.-China trade deal, and Apple (AAPL) stock is pacing the blue-chip winners, despite reports the company is slashing iPhone production. At last check -- and even amid the ongoing government shutdown -- the Dow is...Read More

A Housing Stock to Target During the Government Shutdown

January 09, 2019 / www.schaeffersresearch.com

There are reasons to believe PHM can extend its recent rallyPulteGroup, Inc. (NYSE:PHM) has enjoyed a 39% rally since its late-October bottom near $20.50. What's more, the housing stock could keep climbing, if past is precedent, after flashing a big bullish signal.Schaeffer's Senior Quantitative Analyst Rocky White recently looked at the best stocks to own during a government shutdown. Looking at...Read More

The Boy Scouts, Captain Kirk And Gold?

January 09, 2019 / seekingalpha.com

Now is the time to prepare for future central bank money printing, purchasing gold, and silver on the cheap.A major bottom in the monetary metals appears to have been reached in the second half of 2018.Don't laugh, $2,000 gold may be on deck the next 6-12 months if an unexpected black swan or recession strikes.Gold and silver could prove the smartest and easiest hedges against financial market...Read More

Can The Gold To Silver Ratio Break Lower In 2019?

January 09, 2019 / seekingalpha.com

Importance of the gold to silver ratio.How the gold to silver ratio influences the prices of precious metals.2019 is a key year to observe the gold to silver ratio.Gold and silver have both been strong recently - can the gold to silver ratio break lower? For the week ended Friday, January 4, gold finished higher by $4 or 0.3% to close at $1,285 as of the final trade on the New York COMEX futures e...Read More

Chile's Collahuasi plans resource sharing with Canada's Teck Resources

January 09, 2019 / www.mining.com

Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More

Chile's Collahuasi plans resource sharing with Canada's Teck Resources

January 09, 2019 / www.mining.com

Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, prin...Read More

Norsk Hydro CEO eyes Brazil plant restart in "weeks or months"

January 09, 2019 / www.mining.com

Norwegian aluminium-maker Norsk Hydro aims to resume full production at its Alunorte alumina plant in Brazil within weeks or months, although the process still remains uncertain, Chief Executive Svein Richard Brandtzaeg told Reuters.The plant, which processes the raw material used for aluminium production, is operating at half capacity after early last year admitting it had made unlicensed emissio...Read More

Analysts Stay Bullish as AMZN Stock Tests Key Chart Levels

January 09, 2019 / www.schaeffersresearch.com

J.P. Morgan still likes Amazon stock in 2019J.P. Morgan Securities this morning came out with a note reaffirming Amazon.com, Inc. (NASDAQ:AMZN) as one of its favorite stocks out of the internet sector. The brokerage firm highlighted the company's diversified revenue stream and its fast-growing digital advertising business that should eventually make it the third largest digital ad platform in the...Read More

Tanzania's Magufuli wants central bank to buy gold as part of its reserves

January 09, 2019 / www.mining.com

Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.On Tuesday, Tanzania named its third mining minister since Magufuli was elected in 2015. The mining sector contributes around 4.8 percent of GDP, the government said last year, but the value of many mining projects in Tanzania ha...Read More

Constellation Brands Stock Slammed on Slashed Guidance

January 09, 2019 / www.schaeffersresearch.com

However, the company did announce a quarterly revenue and earnings beatThe shares of Constellation Brands Inc (NYSE:STZ) are down 10.5% to trade at $154.20 this morning -- and touched a new annual low of $152.56 out of the gate -- after the company cut its full-year profit outlook. The Corona parent cited its investment in marijuana name Canopy Growth (CGC), as well as declining wine and spirits...Read More

2 Travel Stocks Slapped With Downgrades

January 09, 2019 / www.schaeffersresearch.com

Both EXPE and BKNG have been in a steady downtrend the last six monthsAnalysts weighed in on travel stocks this morning, and the results weren't pretty. Morgan Stanley downgraded both Expedia Group Inc (NASDAQ:EXPE) and Booking Holdings Inc (NASDAQ:BKNG) to "equal weight" from "overweight," while reducing their respective price targets to $125 and $2,050. Jefferies, meanwhile, trimmed its price ta...Read More

Micron Stock Rallies Into Key Resistance After Upgrade

January 09, 2019 / www.schaeffersresearch.com

The brokerage firm cited an attractive risk/reward profile for MUThe shares of Micron Technology, Inc. (NASDAQ:MU) are trading up 6.4% at $35.89, after an upgrade to "outperform" from "market perform" at Bernstein. The brokerage firm said the memory chip stock's recent sell-off has created an attractive risk/reward backdrop, and cited expectations for an earlier-than-expected recovery in DRAM pric...Read More

Denison outlines 2019 exploration plans

January 09, 2019 / www.mining.com

Denison Mines Corp., headquartered in Toronto, has announced details of its $6-million exploration spending plans this year. Targets at Wheeler River, Waterbury Lake, and Hook-Carter properties - all in the Athabasca Basin - will be diamond drilled. At Wheeler River the drill program includes about 13,500 metres in 23 holes.At Wheeler River the drill program includes about 13,500 metres in 23 hole...Read More

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