Last week, GameStop made headlines in the financial markets. Silver is the story today. Amateur investors are sharing information on online forums, like Reddit, and moving the market. Advance Trading Risk Management Advisor Tommy Grisafi says the fear of missing out is getting people more active on Wall Street. “With everyone working from home during the pandemic, 10 million online stock accounts have been opened. America’s favorite past time became playing the stock market.” To curb speculation, trading platforms have increased margins and imposed restrictions on shares. Grisafi says the regulators are also paying attention to this trend. “The CME Group, the CFTC and the NFA will not tolerate this type of joyride in the market; it could create additional costs and fees to hedgers.”
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