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UBG - Silver: Is This Short Squeeze For Real?
January, 28 2021 06:59 PM
UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
The fundamentals for precious metals are highly favorable. Yesterday Fed Reserve Governor Powell said they are going to leave interest rates as is. We are going to see low rates for a long time. There's tremendous cheap money available and the markets appear to have taken a bullish view of the future. We may be looking at a short squeeze of the short positions that central banks are carrying to the tune of about $35 billion. For further details see:
Silver: Is This Short Squeeze For Real?
Stock Information
Company Name:
UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Stock Symbol:
UBG
Market:
NYSE
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