Is Silver "Next"? Plus an Update on Short Interest and Options Flow in GameStop

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 1 February 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Feb1,2021: Real Vision’s Haley Draznin explores how the Reddit mania is spreading from Gamestop to the precious metals market like silver and even SPACs. In the main segment, Real Vision managing editor Ed Harrison conducts a data-filled deep dive of the ongoing pressures in GameStop Corp ($GME), looking at factors such as the declining short interest to renewed activity in far out-of-the-money call options. Ed rejects the theory that silver will be the next hotspot of speculative activity and notes that natural gas was actually up more than silver today. Lastly, Ed and Jack discuss potential endgame scenarios for the speculative mania in distressed equities like GameStop, and Ed shares an update on COVID-19 variants. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Relax.
0:02.0	Let the fact that you've woken up to a cold shower just wash over you.
0:08.0	With British Gas Home Care cover, you can get your boiler repaired again and again, and an annual service is included too.
0:18.6	Repeat our mantra.
0:21.6	Home Care.
0:25.0	Such British Gas Home Care Cover, see website for terms. Welcome to the Real Vision Daily Briefing. It's Monday, February 1st.
0:46.0	Soon I'll be joined by managing editor Ed Harrison, but first with the day's stories,
0:51.0	Haley Drasmin.
0:52.0	Hey Jack, it's the first session of February
0:55.0	and all three major indices were up on Monday.
0:58.0	Investors appear to shake off concerns about all of that speculative retail trading that largely
1:04.2	drove the market's worst weekly sell-off since October last week.
1:08.3	Robin Hood limited their restricted stock list to 8 from 50 and you can only buy one share of Game Stop and 10 shares of
1:15.6	AMC for example. Game Stop shares actually fell today and trading was halted again at one point,
1:21.9	but Robin Hood announced it raised an additional 2.4 billion
1:25.9	and that's after 1 billion raised last week. So a combined 3.4 billion making it the biggest
1:32.1	fundraise since the Act was first founded in 2013.
1:35.9	So this Reddit media is still spreading.
1:38.8	What's the next move forward?
1:40.6	It's notable that precious metals are rising.
1:43.0	Silver futures surged as much as 13% on Monday,
1:47.0	and that's the highest since 2013.
	...

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