Top Stories This Week: Silver Goes Mainstream, What's Next for the Price?

TL;DR

Gold prices dropped below $1800 per ounce due to a rising US dollar and higher treasury yields, while silver faced manipulation accusations but later lost traction due to gamestop distractions.

Transcript

welcome back to our weekly update i'm charlotte macleod with the investing news network and this is your quick look at the stories we've been covering that you need to hear about gold was on the decline again this week dropping below the 1800 per ounce level on thursday the yellow metals started the year well above 1900 and market watchers have bla... Read More

Key Insights

• 💦 Gold prices dropped due to a strong US dollar and higher treasury yields, affecting market sentiment.
• 😚 Silver gained attention initially but lost traction as gamestop distractions became the focus for wall street bets users.
• 🥈 Experts have different opinions on investing in silver, with caution being advised by some and a sense of urgency by others.
• 🥈 The silver market is perceived to be manipulated, with an ongoing debate about the extent of manipulation.
• 👻 Australia's new rules allow pharmacists to sell low-dose CBD products over the counter, potentially easing access for consumers.
• 👍 No CBD products have been approved for sale in Australia as of yet.
• 🖐️ Market sentiment and manipulation concerns play significant roles in the precious metals and cannabis industries.

Questions & Answers

Q: Why did gold prices decline below $1800 per ounce?

Gold prices dropped due to a rising US dollar and higher treasury yields, affecting the market sentiment towards the precious metal.

Q: How did silver gain attention in the market?

Silver gained attention after members of the Reddit forum wall street bets looked for short squeeze opportunities beyond gamestop, highlighting its manipulation potential.

Q: What are the experts' views on investing in silver?

Lobotigre advises caution and long-term focus on silver's fundamentals, while Chris Marcus believes something is breaking and suggests now is the time to invest in silver.

Q: What changed in Australia's CBD products rules?

As of February 1st, pharmacists in Australia can sell low-dose CBD products over the counter, making it more convenient for companies to reach consumers. However, no CBD products have been approved for sale yet.

Summary & Key Takeaways

• Gold prices declined below $1800 per ounce due to a strong US dollar and higher treasury yields.

• Silver was initially highlighted for short squeeze opportunities by the Reddit forum wall street bets but lost traction as users focused on gamestop.

• Experts have differing views on silver, with some cautioning investors to focus on long-term fundamentals and others suggesting it is time to invest due to ongoing manipulation concerns.

• Australia changed its rules, allowing pharmacists to sell low-dose CBD products over the counter, making it easier for companies to reach consumers.