Recent News

Technical Scoop - The hits just keep on coming

April 06, 2020 / news.goldseek.com

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More

Asian Metals Market Update: April-6-2020

April 06, 2020 / news.goldseek.com

The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More

Reuters: shrinking #nickel supplies following shutdowns linked to the new coronavirus and loss-making operations be...

April 06, 2020 / twitter.com

"Reuters: shrinking #nickel supplies following shutdowns linked to the new coronavirus and loss-making operations because of low prices are expected to offset weak demand from stainless steel mills and leave the market with only a small surplushttps://t.co/T9f5X4Nrad"Read full newsRead More

Last week's other top-gaining #resource stocks on the #TSXV were G2 Goldfields $GTWO, @JerichoOilCorp $JCO, Pacific...

April 06, 2020 / twitter.com

"Last week's other top-gaining #resource stocks on the #TSXV were G2 Goldfields $GTWO, @JerichoOilCorp $JCO, Pacific Booker $BKM and Mineral Mountain $MMV. https://t.co/4xIZOmQKfd #investing #mining #gold #oil #copper"Read full newsRead More

Gold & Silver mines closed as physical Silver becomes "most undervalued asset"

April 06, 2020 / dlvr.it

A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of...Read full newsRead More

Torex Gold suspends El Lim??n Guajes mine output due to Mexico's COVID-19 rules

April 06, 2020 / dlvr.it

(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More

$PUMA Acquires Large Gold Property Yielding Up To 50.8 g/t Au

April 06, 2020 / bit.ly

Puma Exploration Inc. has signed an option agreement to acquire 100% interest in the Williams Brook Gold property.Read full newsRead More

U.S. Stocks, Gold Surge to Start Week

April 06, 2020 / www.schaeffersresearch.com

The Dow finished the day more than 1,600 higherThe Dow, with help from Boeing (BA), continued its rally to start the week, closing up over 1,600 points. The Nasdaq and S&P 500 both closed at 7% or above with utilities, materials, and tech sectors surging. Investors were encouraged by the appearance of slowing coronavirus rates in New York and Europe as well as the Trump Administration's announcem...Read More

NEWS: FPX Nickel re-affirms anticipated timing for completion of updated PEA on Baptiste #nickel deposit in Q3/Q4 2...

April 06, 2020 / twitter.com

"NEWS: FPX Nickel re-affirms anticipated timing for completion of updated PEA on Baptiste #nickel deposit in Q3/Q4 2020https://t.co/pHKl4d5NGz"Read full newsRead More

Options Volume Runs High on Controversial Coffee Chain

April 06, 2020 / www.schaeffersresearch.com

Overall options volume is pacing in the 99th annual percentile todayThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One name that sticks out is Luckin Coffee Inc (NASDAQ:LK), with the recent volatile s...Read More

China Streaming Stock Eyes Technical Trouble

April 06, 2020 / www.schaeffersresearch.com

Huya's 80-day moving average has had bearish implications in the past Shares of the Chinese gaming platform HUYA Inc (NYSE:HUYA) are making another attempt to close their early March bear gap today, up 3.1% at $16.46 at last check. This comes right on the heels of Friday's failed rally, sparked by news that Tencent (TME) moved forward with an option, making it the majority shareholder in HUYA. Whi...Read More

Global Energy Metals reveals "outstanding" recovery rates from Millennium project

April 06, 2020 / miningmaven.com

Global Energy Metals (TSX.V:GEMC) is primed to take one of its flagship projects into the next stage of development after confirming "exceptional" metal re...Read full newsRead More

Puts Popular as GM Stock Rallies

April 06, 2020 / www.schaeffersresearch.com

GM puts are all the rage latelyAs many experts estimate the COVID-19 pandemic will reach its peak in the U.S. this week, General Motors (NYSE: GM) asked its 600 suppliers to help manufacture medical masks by offering to share its manufacturing plans for producing personal protective equipment. GM is expected to produce 20,000 masks which will be ready to deliver by April 8. Plus, a Reuters report...Read More

RT @KitcoNewsNOW: Swot analysis: U.S. Gold coins bought at fastest pace in three years

April 06, 2020 / www.kitco.com

Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game FilmRead full newsRead More

New on INK Ultra Money: Real Vision Daily Briefing, Sheila Bair on bailouts and insider jumps for Airboss stock

April 06, 2020 / www.canadianinsider.com

After the close every trading day check for the free Real Vision Daily Briefing. On Friday we heard from Raoul Pal who appears skeptical about the stock market's rebound. Don't forget to visit us every day after the close for Real Vision's take on market and economic developments during the COVID-19 crisisRaoul Pal appeared Friday on Daily Briefing (free)Also, on INK Ultra Money Free, we released...Read More

JetBlue Stock Surging Despite Sector Skepticism

April 06, 2020 / www.schaeffersresearch.com

J.P. Morgan Securities downgraded JBLU to "neutral" from "overweight"JetBlue Airways Corp (NASDAQ: JBLU) is up 7% to trade at $8.05 at last check. This comes amid a slew of skepticism and downgrades throughout the airline sector. J.P. Morgan Securities is increasingly convinced that the airline industry's road to recovery back to 2019 levels of output will be a multi-year affair. The analyst subse...Read More

Dow Stages Quadruple-Digit Rally

April 06, 2020 / www.schaeffersresearch.com

The S&P 500 and Nasdaq are also up big at middayThe Dow Jones Industrial Average (DJI) is beginning the new week with fantastic strength, currently up over 1,000 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are soaring as well, as investors remain hopeful amid reports of stabilizing hospital rates in the U.S. Building off this silver lining are reports from New York...Read More

KHC Stock Inches Higher Amid Production Plant Shakeup

April 06, 2020 / www.schaeffersresearch.com

Kraft Heinz said it will slow restaurant supply production, while ramping up output in its packaged food units Kraft Heinz Co (NASDAQ:KHC) announced that it has significantly decreased restaurant supply production at three plants, two in the U.S. and one in the U.K., in response to dwindling consumer demand, specifically in Europe. Meanwhile, Kraft said its packaged food units are working in three...Read More

eBay Stock on the Rise After Upgrade

April 06, 2020 / www.schaeffersresearch.com

Guggenheim upgraded EBAY from "neutral" to "buy"Ebay Inc (NASDAQ: EBAY) is joining in on the broad market rally today, up 4.5% to trade at $30.70 at last check. This comes after Guggenheim upgraded the "increasingly defensive" EBAY stock from "neutral" to "buy," citing the company's valuation and minimal inventory risk.Since mid-February highs just below $40, Ebay has careened to an annual low on...Read More

GILD Stock Pops on COVID-19 Treatment Buzz

April 06, 2020 / www.schaeffersresearch.com

Gilead said it plans on producing 1 million treatment courses of its experimental coronavirus drug by the end of 2020Gilead Sciences, Inc. (NASDAQ:GILD) is up 1% to trade at $79 this morning after the drugmaker said it plans on ramping up production on its experimental coronavirus treatment remdesivir, to 1 million treatment courses by the end of the year. Currently 1.5 million doses of the drug,...Read More

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