Silver stocks like First Majestic Silver Corp (NYSE: AG) glow amid speculation that the Reddit-fueled frenzy is extending to the precious metal and related Company

What Happened: First Majestic shares closed 2156% higher at $ 1686, gaining 1269% in Thursday’s after-hour session, The iShares Silver Trust (NYSE: SLV), an ETF that tracks silver, closed 555% higher at $ 24 72

Spot silver traded 071% lower at $ 26 227, while March silver futures rose 138% at USD 2628 at press time

On Thursday that a WallStreetBets post claimed that banks were “manipulating gold and silver to cover real inflation,” the post went on to say that the price of silver, adjusted for inflation, should be, not

, 000

“$ AG is essentially $ GME for silver, highest short swimmer in the industry, nice leverage on silver and just broke to over 10 years of resistance,” said another post on the Reddit Investor Forum

Other silver stocks that have seen a surge include Hecla Mining Company (NYSE: HL) which closed 16% higher and gained 32% in the after-hour session, and Fortuna Silver Mines Inc (NYSE: FSM) which closed March 13 closed 73% higher at USD 762 and rose 709% to USD 816 in after-hours trading

Why It Matters: Investor Chris Camillo said on Benzinga’s Short Squeeze videocastin that he had a $ 500000 position in First Majestic owns and also owns iShare Silver Trust

The Reddit investors are crying out for revenge against the likes of JPMorgan Chase & Co (NYSE: JPM) who they allege rigged the silver market

If investors on the forum manage to move silver prices, ETFs linked to the silver-like ProShares Ultra Silver (NYSE: AGQ) and the Aberdeen Standard Silver Shares ETF (NYSE: SIVR) could see gains

Short selling is a trading strategy based on speculation that a company’s shares will fall in price GameStop, a troubled malls retailer of video games, has been an attractive target for short sellers, but the stock has one for retail investors on Reddit Reached rally point and stock prices have risen as short sellers have come under pressure. As of today’s closing bell, GameStop’s market value was $ 13.5 billion, or roughly the same as the New York Giants, Dallas Cowboys and New England Patriots, the three most valuable National Football League teams together

US. Oil Major Chevron Corp swung to an $ 11 million fourth quarter loss, low margins on fuel, cost and foreign currency effects overwhelmed improved drilling results to benefit oil companies from an expected bounceback in oil and gas prices after a one or two stamps of falling demand and prices set the Industry in a tailspin last year Chevron responded quickly to last year’s downturn by shedding up to 15% of its global workforce, cutting spending on new projects by more than a third, and withdrawing targets for oil exploration

(Bloomberg) – Bitcoin investors must be ready to “lose all their money,” said Gabriel Makhlouf, member of the governing council of the European Central Bank, following a central banker’s recent warning on cryptocurrency, “Personally, I’m not sure why people invest in these types of assets, but they clearly see them as assets, “Makhlouf, who is also the governor of the Irish central bank, told Bloomberg TV on Friday.” Our job is to make sure consumers are protected, “Makhlouf’s comments reflect the ECB leaders’ skepticism countered The cryptocurrency is a “highly speculative commodity,” President Christine Lagarde said this month Bitcoin prices have more than doubled since November and 40 earlier this monthExceeded $ 000 Large movements in value are common, with four daily fluctuations of more than 5% over the past nine days, Bitcoin bouncing back above 35 on Friday$ 000, with brokers attributing the move to Elon Musk and the cryptocurrency mentioned on its bios page on Twitter jumping over 35$ 000 when Musk added it to his Twitter profile Makhlouf currently sees no financial stability issues stemming from Bitcoin itself. “I am more concerned about consumers making the right choices,” he said. For more articles like this, please visit us on BloombergcomSubscribe now with the most trusted business news source always one step ahead © 2021 Bloomberg LP

A Princeton economist studied the effects of five-year wage increases at US. McDonald’s fast food restaurants

(Bloomberg) – The first signs that the silver market was going to be hit came on Wednesday, with comments posted on the Reddit chat room r / wallstreetbets – the investor board now known for putting an amazing brief pressure on Gamestop Corp so that it rose the market value in a week up 788% posters began to encourage each other to pile up in IShares Silver Trust, the largest exchange-traded silver fund in the world The banks manipulated silver prices, kept them artificially low and masked a lack of physical supplies. In one post it was described as “THE BIGGEST SHORT SQUEEZE IN THE WORLD” “If this sounds all too familiar, it’s because it has been for decades, if not For centuries, the rallying cry of conspiracy theorists in precious metals circles is just a matter of time before they and retail investors raging against the financial machine teamed up to say there was a strategy may be exaggerating things, but the ramifications have been in the markets Little silver miners started First Majestic Silver Corp on Thursday morning in New York, named as a short squeeze target on Reddit, with an increase of up to 39% Then private investors poured into the IShares Silver Trust and increased it by up to 72% Spot silver gained 68% at one point, the biggest jump since August ” There’s a brief print in silver. The “Hoodies are all rolling in silver and the party is on,” said Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago, in a phone call. “All other stocks like GameStop and AMC are being dumped, because they have been constrained and they must seize other short opportunities, and silver is an easily identifiable target”” Economic data released Thursday morning, which included an unexpectedly sharp drop in unemployment claims, has become a “point of contention” for traders, “said Bob Haberkorn, senior market strategist at RJO Futures, over the phone.” This is not based on global events, it’s just people on a message board pointing all their arms at the precious metals markets Options markets were spinning up in a frenzy, and traders and brokers saw wide bid / ask spreads on the IShares and Comex contracts, a record 31 million IShares Silver Trust Options Contracts Traded “The implied volatility currently quoted in the options market is greater than I have ever seen James Gavilan, Principal and Advisor at Gavilan Commodities LLC, said in a telephone interview,” The market accommodates large swings in the price of silver, and an already illiquid market has extremely broad quotes for options, “Seeing such wide volatility spreads is” mind-boggling, breathtaking, it’s really shocking, “said Gavilan,” said Gavilan. with copper erasing early losses, while the “Chinese bedside table purchase” also helped the metal, according to Tai Wong, head of metal derivatives trading at BMO Capital, the copper markets rose 06% to 7% for a three-month supply$ 873 per tonne in London (updates with volume of recording options in paragraph 8) For more articles like this please visit us on BloombergcomSubscribe now with the most trusted business news source staying one step ahead © 2021 Bloomberg LP

(Bloomberg) – An obscure company that employs five people and is producing apparently negligible amounts of oil and natural gas from some wells in Appalachia became the latest Reddit daily exchange, rising nearly 1000% to $ 128 million businesses in just a few hoursNew Concept Energy Inc was mentioned by retailers on the WallStreetBets forum on Reddit on a day brokers including Robinhood Markets restricted trading in stocks like GameStop Corp after some of the wildest stock swings the markets have seen in the past few years for a company that only sells 70 barrels Producing oil equivalent per day and having a board averaging 74 years old, that was still enough to get its stocks a whopping 959% to $ 25, its highest level since 2000. Short interest in New Concept Energy fell to 0 after S3 Partners reported 3% of its free float of 13% earlier this month The company did not immediately respond to a request for comment on metered stock performance on Thursday. At the end of 2019, New Concept Energy had 153 producing gas wells and 44 non-producing wells with mineral leases on 20000 acres According to the annual report, the company lost 46 cents of sales in 2019 to 590For more items like this, please visit us on BloombergcomSubscribe Now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP

They are young, financially savvy, and angry about being banned from GameStop stock trading

We are entering a new paradigm for the oil and gas industry that is a far cry from the pro-drilling policies of the Trump presidency The Biden administrator is likely to cut oil and gas production in the US to make it renewable Promote energy sources and reduce CO2 emissions In the short term, his policies are likely to drive oil and gas prices higher – and this could help the hydrocarbon sector at least the bottom line in the coming year. For oil companies, however, the lessons of 2020 appear in the Balance sheets The massive drop in prices last May, followed by a rapid rebound to end the year at roughly the same price as it started – all of which has prompted producers to cut their spending, consolidate or reduce debt and stay free Cash in circulation In the words of Raymond James’ oil industry analyst John Freeman: “[We] start the season 4Q20 and Tue with WTI trading e 2021 capital budget season, ironically in essentially the same low $ 50 range as last year around that time, while crude oil is largely in the same spot, the industry has definitely undergone a strategic shift that has seen balance sheet health and capital return on Not only has Freeman noted the general trend in the industry after a difficult year, but also updated his stance on individual oil and gas stocks, two in particular, have caught Freeman’s attention, seeing as he sees an upside potential of at least 50 for each of them % We checked the two on TipRanks’ database to see what other Wall Street analysts had to say about them. Apache Corporation (APA), headquartered in Houston, Texas, Apache is a key operator in North America’s exploration and oil industry Company’s production activities for US Koh Hydrogen can be found in the Permian Basin, on the Gulf Coast and in the Gulf of Mexico. Apache is also active in Great Britain (in the North Sea), in Egypt (in the western desert) and in Suriname (off the coast) The company’s Permian holdings are 6,658 million barrels of oil equivalent, 66% of proven reserves.The company surpassed quarterly revenue expectations in the third quarter with $ 112 billion at the top Since reporting third-quarter revenue, Apache stock has risen 71% The company reported 445 in the third quarter000 barrels of oil equivalent per day Commenting on Raymond James ‘stock, analyst John Freeman said: “We continue to like ApacheS’ diversified U portfolio Onshore and international assets (Egypt, North Sea and Suriname) and given Apache’s significant commodity exposure (only Waha hedged base in 2021), the company is ideally positioned to benefit from our projected recovery in commodity prices in 2021/2022 In addition, the operator has a very robust FCF profile [and] a proven commitment to capital discipline … ”Consistent with these comments, the analyst gives APA a strong buy rating and a target price of $ 24, which is up 60% year over year 12 months to come (To see Freeman’s track record, click hereFreeman leads the bulls on Apache The stock has a modest buy out of analyst consensus, based on 12 ratings, including 6 buys, 5 holds, and 1 sell. The stock sells for $ 1494 and its $ 19 average price target of 30 suggests a 29% growth this year (See APA stock analysis on TipRanks) Diamondback Energy (FANG) Texas-based Diamondback Energy is another player in the Permian Basin energy boom. The company has $ 8 billion in market capitalization and was in Third quarter 2020 revenue of $ 720 million Production for the quarter averaged 2,878 thousand barrels of oil equivalent per day Diamondback’s reserves are more than 112 billion barrels of oil equivalent, of which 63% is oil and 37% is natural gas and related liquids Diamondback is expanding its operations through M&A activities In December last year, the company announced that it had QEP Re sources, a natural gas drill in the Midland Basin of the Permian Formation, and operations in the Williston Formation, North Dakota.The acquisition is an all-stock deal valued at an estimated $ 2.2 trillion QEP for 49000 acres in the Central Plateau for potential development, an average production of 48300000 BOE per day and 48 wells drilled but incomplete These assets contribute to Diamondback’s portfolio In related news, Diamondback announced it will acquire Guidon, another rival Texas oil producer, Guidon brings additional Permian assets to Diamondback, and the acquisition is significant, valued at $ 862 million in cash and stock. Freeman takes a look at Diamondback and sees the company in a strong position to meet the challenges of both the energy environment and the regulatory guidelines of the Biden Administration With the addition of QEP and Guidon acreage, we expect Midland to account for ~ 75% of pro forma activity. Note that even after the QEP / Guidon acquisitions, FANG is not yet exposed to federal acreage risk Given the regulatory uncertainty, a significant positive risk is likely to remain after the 60-day leasing moratorium expires We believe FANG has significant upside potential over the long term and are confident that the company can address short term commodity uncertainties, ”said Freeman. Not surprisingly, Freeman rates FANG as a strong buy along with a target price of $ 91. This number shows confidence in a Growing ~ 51% over the next 12 months (To view Freeman’s track record, click hereOn Wall Street, there is broad alignment with Freeman’s position here, with FANG stock holding a strong buy rating from analyst consensus based on 13 recent buy ratings versus just 3 holds with average target price of $ 6737, up ~ 12% from that current trading price of USD 67 means37 (See FANG stock analysis on TipRanks) To find great ideas for trading oil stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of the insights into TipRanks’ stocks Disclaimer: The opinions expressed in this article are solely those of the company Featured Analysts Content is intended for informational purposes only. It is very important that you do your own research before making any investment

At its January FOMC meeting, the Federal Reserve kept interest rates stable – they are currently near their lows and, to no surprise, the Fed is keeping them there Fed chairman Jerome Powell may have fed some market pessimism as he spoke after the meeting, noting that unemployment has risen in recent months For market watchers seeking assistance, there is consolation in the Fed’s monetary policy The central bank has committed to issuing Treasury bills worth $ 80 billion a month -Dollars, and has put an interest rate hike on hold until 2023 At least one top strategist sees the current market environment in terms of opportunities JPMorgan strategist Marko Kolanovic takes an optimistic stance and writes: “We assume that the global COVID pandemic will decrease rapidly in the coming weeks Indeed, the pace of decline in new cases in the l Last two weeks the highest ever recorded in the US and worldwide Central banks should remain accommodative in the face of increased unemployment and over a decade of low inflation that is below their targets – term turmoil like the one this week offers an opportunity to switch from bonds to stocks. “With that outlook in mind, we have started looking for exciting opportunities that won’t break the bank, namely penny stocks. These stocks priced at $ 5 or less offer investors the highest growth potential available in the market. Again, there is a risk as the ” Pennies’ are often cheap for a reason Careful review is imperative. Using TipRanks’ database, we have identified two penny stocks that have received a consensus rating of “Strong Buy” from the analyst community, not to mention that every company has tremendous upside potential as some analysts do See BioLineRx, Ltd rise to $ 11 (BLRX) We’re Starting BioLineRx, a clinical-stage biopharmaceutical company focused on developing new cancer treatments Oncology is a key area for cutting-edge biopharmaceuticals Cancer is often fatal and often resistant to topical treatments – and these treatments themselves often cause it Serious patient side effects BioLineRx has an active pipeline of drug candidates Most advanced, however, is Motixafortid, a synthetic peptide that has completed patient enrollment in a Phase 3 stem cell mobilization trial for autologous bone marrow transplant.The drug is being studied for effectiveness in promoting bone marrow harvesting prior to cancer treatment, with the results of a pre-planned Interim analysis showed “statistically significant evidence for Motixafortid treatment at the primary endpoint” so significant that enrollment was completed ahead of schedule with 122 patients instead of 177. Stem cell mobilization using Motixafortid is believed to be the company’s most efficient way to register New Drug Considered For Regulatory Approval Based On Motixafortid’s Potential And The $ 2Some Analysts Believe Now Is The Time To Pull The Trigger Mark Breidenbach, 5 Star Analyst At BLRX For Oppenheimer, noted, “Our thesis continues to focus on Motixafortid in stem cell mobilization, and we see a disconnect between the company’s market cap and Motixafortid’s market opportunity as a stem cell mobilizer. The key GENESIS secondary endpoints are expected by mid-2021 and we’re only seeing one little risk to this data… “The analyst added,” We believe the results of the Phase 3 GENESIS trial could lead the majority of transplant doctors to choose BL-8040 instead of Mozobil to combine G-CSF, When the drug is approved In addition to our work, it contains BL-8040 for use in other Auto-HSCTs, Allo-HSCTs, AML and solid tumors. The company has a catalyst-rich, deep oncology pipeline that has attracted collaborations with Novartis, Merck and Genentech With all these points in mind, Breidenbach has rated BLRX as a Buy, and its price target of USD 11 suggests t pointing to an upward trend of a whopping 358% for the coming year (To see Breidenbach’s track record, click here) The rest of the street seems to reflect Breidenbach’s bullish sentiment, with 3 buys and no holds or sells made, the consensus is unanimous: BLRX is a strong buy On top of the good news, upside is ~ 428% based on the USD 1267 Average Target Price (See BLRX stock analysis on TipRanks) Kindred Biosciences (KIN) While most biotech companies focus on human drugs, we’re not the only market in the market Kindred Biosciences is a biopharmaceutical company in the veterinary market that develops biological drugs for life To improve our pets and work animals The company describes its mission as “bringing pets the same safe and effective medicines that human family members enjoy. Parvovirus (CPV) is a highly infectious and deadly viral disease that affects dogs while vaccines are available.” u ntreated cases have a mortality of over 91% KIND-030, Kindred’s lead drug in the pipeline, is currently being developed for the treatment of this disease. The drug candidate is currently developing two paths – one for the treatment of established infections and one for the prophylactic preventive treatment of CPV The prophylactic study has shown positive results, with all treated dogs avoiding infection, while all dogs in the placebo group developed parvovirus disease. KIND-030 also showed a mortality benefit when given to treat infection with the drug candidate in the pivotal Study phase of development, the final prior to possible approval. Last month, Kindred announced it had entered into an agreement to manufacture KIND-030 with Elanco Animal Health – a major manufacturer of veterinary medicines, according to Cantor analyst Brandon Folkes sees a lot of potential in Kindred, particularly in the company’s agreement with Elanco, “A partnership with a leading animal health company, in this case Elanco, is exactly what the company needed from our point of view, which we believe confirms KIN’s new strategic approach as a drug developer in search of larger trading partners, we believe today’s deal should show investors that Kindred’s pipeline continues to have significant value that could be realized in the next 12 to 18 months, ”said Folkes Kindred leads also studies of Tirnovetmab or KIND-016, an antibody directed against IL31, for the treatment of atopic dermatitis in dogs by The central efficacy study of this drug began in the last quarter of 2020 There is a potentially huge market for successful dermatitis treatment in dogs In the last six years there has been a 47% increase in veterinary visits for dogs with severely itchy skin and the market is growing to 900 million Estimated USD or Greater “While 2020 was a tough year for KIN stock, the company continued to score multiple shots on goal from its diversified pipeline that could reward investors at the current level with multiple readings in 2021 and renewed sole focus on the As we develop its pipeline, we expect that 2021 could be a banner year for KIN should it be able to deliver on the promise of its pipeline and, in particular, of the atopic dermatitis portfolio, ”the analyst summarized. To this end, Folkes gives KIN a price target of $ 11, implying 139% upside for 2021, and an overweight (ie Buy) rating (To see Folkes’ success story, click here) Kindred is another company with a unanimous consensus from Strong Buy analysts based on 5 recent Buy ratings that the stock has an average price target of $ 1025, indicating ~ 124% growth from its current trading price of $ 459 (See KIN stock analysis on TipRanks) To find great ideas for trading penny stocks at attractive reviews, visit TipRanks ‘Best Stocks to Buy, a newly introduced tool that brings together all the insights into TipRanks’ stocks Disclaimer: The opinions expressed in this article are solely those Featured Analysts Content is intended for informational purposes only. It is very important that you do your own analysis before making any investment

The GameStop Short Squeeze saga caught the attention of Congress Thursday morning, and that excitement is already spreading in hearings on the matter. Rep Maxine Waters (D-CA), chair of the House Committee on Financial Services, announced plans for one Investigating the situation and citing a history of “predatory behavior” by hedge funds Waters failed to name Robinhood or other trading services, but noted that a future hearing will focus on the systemic financial impact of short selling, “gamification” and online trading platforms would

Ericsson on Friday beat core earnings guidance for the fourth quarter, aided by heavy 5G device sales and the ban on Chinese rival Huawei in multiple countries, Ericsson not only sells more, but earns more with each sale The gross margin rises to 406% in the quarter from 368% a year earlier. In the core business Networks in particular, margins of 43% were achieved from 411% in the previous year with an increase in sales of 20%

(AAPL) posted impressive results last quarter, exceeding Wall Street expectations for all major product lines, particularly the iPhone.The company saw double-digit growth in every product category, with record sales in all geographic markets, and a huge rebound in sales China and achieved gross margins that were more than a full percentage point higher than expected

(Bloomberg) – Three million miles of natural gas pipelines cross the US.And the fight against climate change could make them all obsolete The last two weeks alone illustrate the missions President Joe Biden canceled on his first day in office approval for the $ 9 billion Keystone XL oil pipeline, a clear signal for every new pipeline Project for fossil fuels in the USAS Will Have Long Chances Its climate envoy, former Secretary of State John Kerry, warned that natural gas pipelines could become “stranded assets” within 30 years as the government tries to end carbon emissions from power plants and NextEra Energy Inc wrote $ 1.2 billion of its investment in the Mountain Valley gas pipeline from West Virginia to Virginia, which was fraught with regulatory and legal delays. So pipeline owners have another, potentially future-proof fuel in mind: hydrogen, unlike natural gas, hydrogen can be burned without that carbon dioxide is pumped into the air, run it through a fuel cell to generate electricity, and the only waste is water Produce hydrogen with electrolysers powered by solar systems or wind farms and store such large amounts of renewable energy – far more than any battery today can hold. And the best for pipeline companies: To get it where it needs to be may require the same basic infrastructure that now carries natural gas, in other words, it could be a savior for the companies behind our fossil fuel infrastructure. Even if the same companies insist that gas will play a role in the years to come, many are speaking from them about the potential of hydrogen they start projects to mix small pieces of hydrogen into their existing networks to see how the devices behave they carry out experiments to remove hydrogen from this mixed gas and transfer it to specific locations use them and investigate how they will eventually be of a force “We see our gas network as an energy system that delivers molecules to our customers, and by 2050 the source of these molecules will be very different,” said Sheri Givens, Vice President of U.S. Regulatory and Customer Strategy at National Grid “We see hydrogen as the low-carbon molecule of the 21st century But the hype is far from reality, with some climate activists battling the industry over gas bans calling the talk of hydrogen greenwashing gas companies are downplaying the difficulty of switching from one fuel to another and trying to convince investors that they are still relevant in a carbon-free world “The industry is always releasing things that could happen – if we just keep using gas now,” said Matt Vespa, an Earthjustice employee, so far there is more actual hydrogen activity in Europe and the US than there is in the USwhere some companies have expressed interest without revealing many specific plans. The then commercial director of Energy Transfer, the largest US. The pipeline operator called hydrogen a “head scratch” last fall, which at least doesn’t make sense for the time being. “At this point, we don’t see anything near hydrogen on the horizon,” said Marshall S McCrea, now co-CEO of the company’s hydrogen transportation issues, go beyond the will to pursue it. Gas pipeline owners cannot simply switch from one gas to another without turning off existing customers Therefore, any transition would begin with mixing hydrogen into the existing fuel stream. “We see hydrogen as the low carbon molecule of the 21st century Century“But even mixing the two – let alone replacing with the other – poses technical problems that would have to be overcome Compressors designed to move natural gas do not work well on hydrogen, the lightest of all elements, and would likely need to be replaced in some types of steel pipes become brittle and crack when exposed to hydrogen over time, while polymer pipes can easily handle hydrogen. “We need to investigate this for every single pipe we add hydrogen to,” said Jack Brouwer, director of Advanced Power and Technology Energy program at the University of California at Irvine “But it’s a phenomenon that we can deal with because it’s slow”” Problem pipes and compressors could be replaced over the years, he said, or pipes could be protected with coatings applied from the inside by robotic devices called pigs, which are currently used for pipeline inspection and maintenance, “just put a couple of spray guns on the same machine and off we go, all the way down the pipeline, “he said pilot projects around the world are designed to solve problems and give businesses a better sense of what other barriers might lie ahead. California, Sempra has Energy, for example, has planned a series of demonstration projects to test different concentrations of hydrogen in fuel mixtures – possibly up to 20% – in insulated pipe segments made of polyethylene, steel, and a combination of both.In another project, the technology will be tested to remove hydrogen from it remove and compress the mixed gas “With the infrastructure already in place and serving customers, we would argue that it is in the public interest to continue using this infrastructure for decarbonization,” said Jonathan Peress, Senior Director of Regulatory Affairs at Sempra’s Southern California Gas CoIn July, a group of eleven European gas infrastructure companies presented a plan to set up a special hydrogen transport network The existing gas infrastructure can be modified to transport hydrogen at an affordable cost. The hydrogen network is expected to be available by 2030 6800 kilometers (4225 miles) and almost 23 by 2040000 kilometers (14300 miles), three quarters of which will consist of converted natural gas pipelines National network in the UK has launched a number of hydrogen demonstration projects, including using the gas to heat homes, and discussing the creation of a hydrogen pipeline transmission network to connect industrial centers along Britain’s east coastS.The company is working with six national laboratories and other companies on a gas mixture research called HyBlend, “The only thing we have in the US We should be very proud and of great value to us when we have an enormous natural gas transportation and storage network, ”said Alan Armstrong, chairman of the Williams Companies, Inc, an energy infrastructure giant whose core business is natural gas “It’s a tremendous opportunity for us to really use hydrogen and make it more economical” For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2021 Bloomberg LP

Silver futures rally on Thursday heading towards its highest level in three weeks, according to a post by a Reddit user who suggested a “short squeeze” on silver

(Bloomberg) – New York markets had just heated up, and the investment world was preparing for the episode of Thursday’s ongoing drama: Legions of Robinhood Markets Investors vs Hedge Fund Goliaths, but within minutes one rocked one for them The outside world invisible shock wave hit the mechanics of Wall Street, rushing Robinhood for more than $ 1 billion in extra money.The exchange’s central clearing hub had demanded high collateral from brokers like Robinhood, which for weeks enabled spectacular stock jumps like GameStop Corp, the Silicon Valley company with the popular free trading app came to a crossroads, it reduced the risk to itself by banning certain trades and placing customer bets – causing an outcry from customers and even US Political Leader That night it was revealed that Robinhood had raised more than $ 1 billion from existing investors and pulled hundreds of millions more from bank lines of credit to weather the storm. “Look, it’s non-negotiable about our financial requirements and meet our clearinghouse deposits, “said Vlad Tenev, Chief Executive Officer of Robinhood, as he defended his company’s decisions in an interview with Bloomberg Television on Thursday.” This is what we have to do “The capital injection is” a strong sign of investor confidence that will help us continue to serve our customers, “a Robinhood spokesperson later said in an emailed statement. The money will allow the company to” continue investing in record growth “when the story of this month’s stock craze could be written it will be a story about how retailers from Reddit message boards au s set out to challenge the status quo of Wall Street – and in the end, beat their beloved broker, too”For weeks, Robinhood has been their trading platform of choice on a mission to ‘Democratize Finances for All’ as they inflicted billions in losses on hedge funds by sending stocks that slashed those companies into the stratosphere – a type of populist crusade into it Solid World of Finance Robinhood’s trade restrictions made virtually no one happy on Thursday, except perhaps the hedge funds in a surreal scene, political arch enemies Alexandria Ocasio-Cortez and Ted Cruz found common ground to make the company’s decisions, as conspiracy theories erupted online on the question is whether such critics will meddle inside the industry as pressure increased on Robinhood and other companies to restrict certain deals that would create arcane sections of the market designed to prevent disaster, like the Depository Trust & Clearing Corp.Not “Shameful” An important consideration for brokers, especially when it comes to soaring and volatile stocks like GameStop, is the money they have to raise with DTCC while waiting a few days for stock transactions to settle Low margin on a brokerage account can lead to a money crisis on volatile days, such as when GameStop falls from $ 483 to $ 112, as it did at one point during Thursday’s session, “It’s not really Robinhood, nefarious things.” “Bloomberg Intelligence analyst Larry Tabb said,” It’s the DTCC adage, “This stuff is just too risky. We don’t trust these people have the money to do these things in two days because in two.” Days, Who Knows What The Price Might Be, It Might Be Zero The problems on Thursday started at 10 a.m. when the DTCC got significantly more from member brokers after days of turmoil A DTCC spokesman refused to specify how much it needed from certain companies, but said industry-wide collateral needs rose to $ 33 billion by the end of the day, compared to $ 26 billion -Dollar executives from “Rare Circumstances” brokerage rushed to figure out how to handle the funds Robinhood’s reaction attracted the most public attention, but the company wasn’t the only one trading stocks like GameStop and AMC Entertainment Holdings IncIn fact, Charles Schwab CorpTD Ameritrade put a brake on transactions at both companies on Wednesday Interactive Brokers Group Inc and Morgan Stanley’s E * Trade took similar action on Thursday Thomas Peterffy, the billionaire chairman of Greenwich, Connecticut-based Interactive Brokers, told Bloomberg TV the restrictions were due to concerns about the integrity of the market and the system, E * Trade stressed that his actions are highly unusual “We take such actions seriously and only rarely take them,” said spokesman Thayer Fox, adding that he expects normal trading to resume on Friday, while Robinhood said after market close it was planned was to resume “limited purchases” in affected securities. An attempt was also made to allay customers’ concerns that evening with an email that said, “This was a temporary decision made to continue serving you in the best possible way, and was not easy to meet credit lines The company has at least several hun Millions of dollars have been withdrawn from its bank credit lines, said one person with knowledge of the situation. The company’s lenders include JPMorgan Chase & Co and Goldman Sachs Group IncAccording to Bloomberg, Robinhood officials and those banks declined to comment. Robinhood’s capital remains “strong,” CEO Tenev told Bloomberg TV, underscoring that the restrictions have helped protect the broker and its clients. One question is whether frustrated clients will forgive Douglas Bray, a Connecticut software developer who has been using Robinhood for about five years, plans to sell about 100 after the trade restrictions, which some see as treason in their campaign against Wall Street’s financial eliteWithdrawing $ 000 “I’m disappointed that I couldn’t hold my money like any institutional investor in GME,” said 32-year-old Bray, referring to the GameStop ticker, “Hedge funds are about to have a massive short squeeze Brokers now protect clients as a facade so they can reassure their institutional backers The entire community is outragedOther brokers can hope to capitalize on the moment Webull, which has grown during the pandemic, posted a 16th place according to CEO Anthony Denier, according to CEO Anthony Denier -fold increase in new accounts from the 7-day average The app was ranked second most popular free iPhone app in the US on Thursday from # 60 the day before, according to SensorTower, which collects data via mobile apps (Robinhood was still No 1) Denier didn’t want to comment on the reason for the jump.On the previous Thursday, Webull had also restricted trading in stocks like GameStop and AMC Robinhood is expected to go public for months this year, late Thursday, with people aware of these preparations saying it was planning to move forward sometime in the first half of 2021, despite the controversy and line drawdowns, however, it remains to see what lasting impact Robinhood’s association with the retail revolt has – and now all the strains on the company’s relationship with the rebels behind it “Today’s trade restrictions have only made things worse,” said Douglas Boneparth, who serves as president of the wealth management firm Bona Fide Wealth competes for clients with Robinhood “Many will ignore the fact that Robinhood has faced increased costs that have created an unsustainable business environment” For more articles like this, please visit us on BloombergcomSubscribe now to get your nose on the most trusted business news source to have in front © 2021 Bloomberg LP

The future is good at lows, but points to price losses in the stock markets. GME shares and AMC rose A Novavax coronavirus vaccine is highly effective

QuantumScape has pioneered battery technology What won’t it for five years, has lots of revenue yet the stock up 377% since August

“How free is the market exactly?” asks the founder of WallStreetBets, the forum on Reddit at the center of the GameStop (GME) saga

Silver Stock

World News – CA – How WallStreetBets is fueling a rally in Silver Stock