The Reddit Raiders turned their eyes toward silver over the weekend. Interest in the white metal sparked a surge in retail demand and pushed the spot price of silver briefly over $29 an ounce. As Peter Schiff put it, the Reddit Riders were riding silver instead of piling into heavily shorted stocks. But how should […]
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GameStop shares drop by 60% on Tuesday, as the cost struck $90.
" I assume the GameStop relocation is pretty much done," states Chris Vermeulen, primary market planner at The Technical Traders.
0:00 – GameStop
8:42 – AMC
10:49 – Silver
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The silver rate dropped 10% on Tuesday as the CME increased margin needs for silver contracts.
Peter Hug, international trading supervisor of Kitco Metals, said that the silver press effort has currently "backfired" as bullion stocks have run completely dry consequently, and also with costs up and also couple of physical products to offer, it is now much more tough for retail capitalists to push the rate up.
0:00 – Silver capture
8:30 – Silver costs shot up
10:15 – CME margin demands up for silver
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Lou Dobbs breaks down Amazon.com's and Alphabet's incomes, calling it 'outstanding.' #FoxBusiness
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