Silver Rally Runs Into Roadblock as Margins Rise, Warnings Mount
The investor frenzy that stoked wild gains in everything from GameStop Corp. to silver is showing signs of fatigue.
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The investor frenzy that stoked wild gains in everything from GameStop Corp. to silver is showing signs of fatigue.
Reddit Trades Crumble as GameStop, AMC and Silver Plunge Bloomberg 2/2/2021 Michael Msika and Jake Lloyd-Smith (Bloomberg) -- The wild run-up of trades popular with Reddit crowds is starting to come crashing down. Popular Searches GameStop Corp. sank 47% to $118.84 as of 9:42 a.m. in New York. It’s now down 65% from its record close of $347.51 on Wednesday. AMC Entertainment Holdings Inc. slid 39% and Express Inc. lost 26%. Silver tumbled more than 5% after surging to an eight-year high. The speculative activity hatched online has captivated global markets, drawing attenti...
Dig Into Precious Metal Strength with These Gold Miners ETFs February 2, 2021 Last year’s safe haven scramble saw gold rise to new highs with silver tethering to gold’s success, but it could be the other way around in 2021. Silver prices are jumping, which is helping gold’s cause. ETF traders can play precious metals with a pair of leveraged funds from Direxion Investments. Rather than play gold directly, traders can use miners via the: Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG): seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MV...
Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.
Silver Coin Sites Seize Up as Buying Frenzy Takes Hold Bloomberg 2/1/2021 Yvonne Yue Li and Eddie Spence © Bloomberg One-ounce silver coins sit on a one-kilogram silver bar at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold held its ground after a record-setting rally as investors awaited the outcome of a Federal Reserve meeting amid expectations policy makers will remain dovish, potentially spurring more gains. (Bloomberg) -- Retail sites for silver have been overwhelmed with demand for bars and coins, ...