NEW YORK—The United States Mint said on Tuesday it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues. Sales of U.S. gold bullion coins rose 258 percent in 2020 while silver coin demand was up 28 percent,…
US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
NTD Business Full Broadcast (Feb. 1)
Game-stopped. The company’s shares fall 30% today. Retailer investors were left out in the cold. We bring you the latest update on the virus relief talks. President Biden is meeting a group of Republicans on Monday on a new proposal. What’s in the Republican bill and will it go anywhere? And are you worried about…
Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post, one…
Some Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Several top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post,…
Reddit Forum Sparks Physical Silver Shortage on Major Dealers’ Websites
Several major silver, gold, and other precious metal dealers say they’re suffering shortages of silver—in particular—after Reddit users in the popular forum WallStreetBets called for users to make a run on the precious metal. Bullion dealers wrote on their respective websites about shortages of physical coins. APMEX wrote that “due to unprecedented demand on physical…
Major Dealers’ Websites Report Silver Shortages
Several major dealers of silver, gold, and other precious metals say they’re encountering shortages of silver, in particular, after some Reddit users in the popular forum WallStreetBets called for users to create a run on the precious metal. Later, top users on the Reddit WallStreetBets forum called on others not to purchase silver stocks, or SLV, saying…
UPDATE: Reddit Users Going After Silver for ‘Biggest Short Squeeze in the World’
Update: Top users on the Reddit WallStreetBets forum have called on others not to purchase silver, or SLV, saying that it could benefit Citadel LLC, while calling on others to purchase and hold GameStop and related stocks. Earlier Update: Top bullion dealers are encountering shortages. – A number of Reddit users on the popular r/WallStreetBets…
Reddit Users Going After Silver for ‘Biggest Short Squeeze in the World’
A number of Reddit users on the popular r/WallStreetBets forum have said they are planning to launch a coordinated effort to target silver as their next short-squeeze target. Posts encouraged individuals to use the IShares Silver Trust, the largest silver exchange-traded fund, and carry out what one user called the “BIGGEST SHORT SQUEEZE IN THE WORLD.”…
After Golden Year for Precious Metals, Silver Set to Shine in 2021
January 4, 2021
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Businessglobal economygoldGold PricesMarketsmetals industryPrecious MetalssilverSilver Pricesstock market
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After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy recovers from the impact of the coronavirus. The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits,…
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