Hey guys......Silver might be the next GME.

[Ares]

NEW - Robinhood crowd is now eyeing the "manipulated" silver market.

https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

@disclosetv @disclosetv_chat

[EE_]

NEW - Robinhood crowd is now eyeing the "manipulated" silver market.

https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

@disclosetv @disclosetv_chat

I like the sound of that. Might have to buy some paper silver. SLV and PSLV what do you think?

[osoab]

This won't end well. JPM has fed money backing it.

[Ares]

This won't end well. JPM has fed money backing it.

Then it will make for one hell of a short squeeze. LOL

[Shami-Amourae]

/biz/ has been suggesting that all day too:
https://warosu.org/biz/?task=search&ghost=yes&search_text=slv

[Cebu_4_2]

I don't think I could find all my stash if I tried.

[osoab]

The sub went private.

[Shami-Amourae]

The sub went private.

Discord shut them down too. (It's ran by a Jew.)

Thank goodness for /biz/ still being around since it's run out of Japan.
https://boards.4channel.org/biz/

OFFICIAL WALLSTREETBETS MEGATHREAD
https://warosu.org/biz/thread/S26744798


New Reddit community (likely will be shut down too):
https://www.reddit.com/r/wallstreetbetsnew/

[Ares]

Discord shut them down too. (It's ran by a Jew.)

Thank goodness for /biz/ still being around since it's run out of Japan.
https://boards.4channel.org/biz/

OFFICIAL WALLSTREETBETS MEGATHREAD
https://warosu.org/biz/thread/S26744798


New Reddit community (likely will be shut down too):
https://www.reddit.com/r/wallstreetbetsnew/

WallStreetBets is back open to the Public:

https://www.reddit.com/r/wallstreetbets/

[Shami-Amourae]

Elon Musk is calling out Discord for banning WSB.
https://twitter.com/elonmusk/status/1354609515564560392


@elonmusk
(https://twitter.com/elonmusk)
Even Discord has gone corpo …

[expat4ever]

Silver to 5k? I double dog dare them. ;)

[Hitch]

I'm in. I've got an order in on open tomorrow for SLV.

One of my stocks was caught up in this short squeeze momentum, and I sold some shares today. Almost timed the top. I bought in at $19 earlier this year, sold half today at $45. I'm using part of that profit for buying SLV. I figure we've been following gold/silver long enough, a little paper trading might be a good bet. (not selling physical silver now or even thinking about it).

[Shami-Amourae]

Max Keiser is promoting it now:
https://twitter.com/maxkeiser/status/1354540496090238976



Max Keiser
@maxkeiser
(https://twitter.com/maxkeiser)
Silver is probably the most shorted, (using naked-shorts) security/PM in the world The “Crash JP Morgan, Buy Silver” campaign of 2010 drove the price from $15 to $50 (without Robinhood) #WSB (https://twitter.com/hashtag/WSB?src=hashtag_click)/Reddit crowd could probably realize a 15x with a short-squeeze now @wallstreetbets (https://twitter.com/wallstreetbets)

[JohnQPublic]

I don't think I could find all my stash if I tried.

You would have to get your scuba gear out and try and find that spot where you had the boating accident.

[EE_]

I'm in. I've got an order in on open tomorrow for SLV.

One of my stocks was caught up in this short squeeze momentum, and I sold some shares today. Almost timed the top. I bought in at $19 earlier this year, sold half today at $45. I'm using part of that profit for buying SLV. I figure we've been following gold/silver long enough, a little paper trading might be a good bet. (not selling physical silver now or even thinking about it).

I bought in yesterday both slv and pslv. I figured with the CCP government killing oil and gas in favor of electric/solar, silver is going to get used more then ever going forward.
Add to that the reddit crowd possibly moving into the trade. I figured what the heck.

[RatHoler]

It seems that First Majestic Silver (ticker AG) is where the Reddit boys are throwing their money at the silver shorts.
Some are saying the price of AG is moving big time after hours because a tax issue was cleared up by the Mexican government. I doubt that theory.
DYODD

[EE_]

It seems that First Majestic Silver (ticker AG) is where the Reddit boys are throwing their money at the silver shorts.
Some are saying the price of AG is moving big time after hours because a tax issue was cleared up by the Mexican government. I doubt that theory.
DYODD

I think if they go after any silver play, it will attract traders to all silver stocks.
Silver has been suppressed for many years. A silver bull market is long over due and we all know it, especially with technology taking over everything.
I'll watch AG too.

[RatHoler]

^ It should be an interesting day. At some point (probably very soon) the guys with bagel breath are going to figure out a way to put a stop to all of this "retail manipulation."

Below is a comment that I have read more than once in the last 12 hours regarding the possible silver short squeeze.

"It wont work. Its not Hedge Funds who are naked shorting Silver and GOLD, its the FED. The FED has unlimited amount of liquidity so they could never be short squeezed. All these Gold & Silver Bugs wont ever understand this. The stock market & the Futures market are all manipulated by the central banks."

[EE_]

^ It should be an interesting day. At some point (probably very soon) the guys with bagel breath are going to figure out a way to put a stop to all of this "retail manipulation."

Below is a comment that I have read more than once in the last 12 hours regarding the possible silver short squeeze.

"It wont work. Its not Hedge Funds who are naked shorting Silver and GOLD, its the FED. The FED has unlimited amount of liquidity so they could never be short squeezed. All these Gold & Silver Bugs wont ever understand this. The stock market & the Futures market are all manipulated by the central banks."




Off to a good start today silver @ $26

[jcismylord]

First Majestic Silver is 30% up since yesterday.

[jcismylord]

Disappointed with NUGT, "the Gold Miners Index 2x Etf "

That is a shady dog of a stock

Used to be 3x, then out of a blue became 2x overnight.

Did a reverse-split. Does not correlate too good. A money-hog.

Avoid. Just my humble opinion.

[osoab]

https://www.zerohedge.com/markets/reddit-rebellion-about-descend-precious-metals-market

https://twitter.com/LukeGromen/status/1354794828387782663?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1354794828387782663%7Ctwgr% 5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets% 2Freddit-rebellion-about-descend-precious-metals-market


There is an important lesson for gold markets in Robin Hood reportedly going "sell only" on GME & AMC: If bullion banks are short gold into a gold re-pricing event like GME just went thru, paper gold will likely be settled in cash at the pre-spike paper price. Caveat emptor.

[osoab]

Max Keiser is promoting it now:
https://twitter.com/maxkeiser/status/1354540496090238976








Why wouldn't he? He was a big promoter of the buy silver crash JPM the last time around. How did that work out... Jamie Dimon is probably getting the giggles.

[EE_]

First Majestic Silver is 30% up since yesterday.

That was a good one!

[Neuro]

Hohoho! LOL. I just read about it today LOL. 550 years of silver price depression may be over. They may actually succeed with what the Hunt brothers failed to do in the 1970’s and 1980.

I mean they earned billions taking down the hedge fund shorts, they have plenty of ammo now.

[Neuro]

^ It should be an interesting day. At some point (probably very soon) the guys with bagel breath are going to figure out a way to put a stop to all of this "retail manipulation."

Below is a comment that I have read more than once in the last 12 hours regarding the possible silver short squeeze.

"It wont work. Its not Hedge Funds who are naked shorting Silver and GOLD, its the FED. The FED has unlimited amount of liquidity so they could never be short squeezed. All these Gold & Silver Bugs wont ever understand this. The stock market & the Futures market are all manipulated by the central banks."




You actually need to buy physical silver, like the Hunt Brothers did. I doubt the redditers have the patience for taking physical delivery on their CME contracts...

[Shami-Amourae]

You actually need to buy physical silver, like the Hunt Brothers did. I doubt the redditers have the patience for taking physical delivery on their CME contracts...

No offense but likely they won't go for Boomer Rocks.

I see most of them going all in on DeFi (Ethereum/Polkadot).


The only way to beat this system is abandoning it and using a new decentralized system that no one can control.

[Ares]

No offense but likely they won't go for Boomer Rocks.

I see most of them going all in on DeFi (Ethereum/Polkadot).


The only way to beat this system is abandoning it and using a new decentralized system that no one can control.

Not really, as they'll still use institutional investment. They don't care if you take part in their casino or not. Retirement accounts by and large, the largest segment of the FANG's are what these guys use for liquidity.

Unless everyone closes down their IRA, 401K, Employer Sponsored Retirement Accounts etc, it won't make a dent in their system.

Ethereum is garbage anyway. Polkadot is definitely a better alternative, as is Waves. Anytime Eth gets congested the Gas price goes through the roof. Fuck that.

[Shami-Amourae]

Ethereum is garbage anyway. Polkadot is definitely a better alternative, as is Waves. Anytime Eth gets congested the Gas price goes through the roof. Fuck that.

Yeah agreed but Ethereum likely will get fixed in the next couple years.

The only problem is that's forever in cryptoland so something possibly could take its place like Polkadot or Cardano.

That's why I'm heavily invested in all 3.

[Ares]

Yeah agreed but Ethereum likely will get fixed in the next couple years.

The only problem is that's forever in cryptoland so something possibly could take its place like Polkadot or Cardano.

That's why I'm heavily invested in all 3.

I went mostly into Waves, do have some Polkadot that I am holding on to. Still hesitant about Cardano. The projects Waves has partnered with, as well as implementation of their Gravity protocol (allows for integration with ANY other blockchain for DeFi) has a lot of promise.

Ethereum has been saying they'll fix it for years already. They're still trying to work out the full implementation of Proof of Stake... Who knows if they'll ever get it completely worked out without breaking their Turing Complete Smart Contracts..

[EE_]

No offense but likely they won't go for Boomer Rocks.

I see most of them going all in on DeFi (Ethereum/Polkadot).


The only way to beat this system is abandoning it and using a new decentralized system that no one can control.

That's pretty funny calling silver "boomer rocks", especially since everything the millennial's use and depends on, only works because of silver "boomer rocks".
Without silver boomer rocks, there are no cryptos. You make millennial's sound like a bunch of ignorant people.

[EE_]

That's pretty funny calling silver "boomer rocks", especially since everything the millennial's use and depends on, only works because of silver "boomer rocks".
Without silver boomer rocks, there are no cryptos. You make millennial's sound like a bunch of ignorant people.

I bet I can survive better then millennial's without boomer rock based technology.

[Shami-Amourae]

WSB just pumped Dogecoin up 200% today.

[Shami-Amourae]

Back in my day...

Here's Dan Held, who runs one of the largest crypto exchanges in the world (Kraken).
https://twitter.com/danheld/status/1354451705077911557


Dan Held
@danheld


Who would win? Boomer rocks or perfect digital scarcity?

Boomers cling to their shiny rocks and fail to adopt the coming technological revolution.
Gold has stayed at $1700 for over 10 years while Bitcoin went up 40,000%. Listening to Boomers for financial advise is a great way to lose wealth.
Gold/Silver are shorted to Hell and are easy to manipulate. Bankers haven't figured out how to control crypto yet, so it's still a free market. (Spoiler: they can't)

Crypto people are building a technological revolution to defeat the Bankers while Boomers cling to their shiny rocks wondering why the fiat price doesn't go up. You people believe some Q-Anon psy-op will save you or Trump will parachute out of the sky and arrest all the bad people. Only the Crypto people are actually doing things and trying to fix the world's problems. Fucking doing something and start building.

[EE_]

Here's Dan Held, who runs one of the largest crypto exchanges in the world (Kraken).
https://twitter.com/danheld/status/1354451705077911557



Boomers cling to their shiny rocks and fail to adopt the coming technological revolution.
Gold has stayed at $1700 for over 10 years while Bitcoin went up 40,000%. Listening to Boomers for financial advise is a great way to lose wealth.
Gold/Silver are shorted to Hell and are easy to manipulate. Bankers haven't figured out how to control crypto yet, so it's still a free market. (Spoiler: they can't)

Crypto people are building a technological revolution to defeat the Bankers while Boomers cling to their shiny rocks wondering why the fiat price doesn't go up. You people believe some Q-Anon psy-op will save you or Trump will parachute out of the sky and arrest all the bad people. Only the Crypto people are actually doing things and trying to fix the world's problems. Fucking doing something and start building.

I can't argue that crypto digits was/is the ticket to freedom, I'll be the 1st to admit I was wrong, cryptos are the place to be at this time.
There is a possibility the whole global economy could collapse in our future and taking every currency with it. Many societies throughout history have collapsed, what makes ours so different?
If we did have a societal collapse and the dollar became worthless, what would still have value?

Could we be in one of those periods of history? There certainly are signs of it, moral decay, perversion, lack of regard for human life, broken families, corruption going unchecked, people leaving Christianity, to name a few things.

Add: Where I do believe I am still right, cryptos were designed and started by, or with the help of a government agency to usher in a cashless society.
Pretty much everything new introduced to society is great, even free in the beginning until mass appeal is gained, then you pay!
We will all pay for these cryptos one day.

Ancient societies collapsed when leaders ignored the social contract
ByBrooks Hays

When leaders abandon the social contract and betray their society's ideals, new research suggests formerly successful societies, such as the Roman Empire, can collapse in dramatic fashion.

Oct. 16 (UPI) -- When ancient societies formerly ruled by principles of good governance failed, they failed hard.

According to a new study published in the journal Frontiers in Political Science, ancient autocracies were less likely to last, but suffered less dramatic failures.

To better understand the role of government on the success and longevity of ancient societies, researchers took an in-depth look at principles that guided the governments of four societies: the Roman Empire, China's Ming Dynasty, India's Mughal Empire and the Venetian Republic.

Because free and fair elections were rare or nonexistent during ancient times, researchers had to come up with an alternative for gauging good governance.

"You can't really measure it by the role of elections, so important in contemporary democracies," study co-author Gary Feinman, the MacArthur curator of anthropology at Chicago's Field Museum, said in a news release. "You have to come up with some other yardsticks, and the core features of the good governance concept serve as a suitable measure of that."

"They didn't have elections, but they had other checks and balances on the concentration of personal power and wealth by a few individuals," Feinman said. "They all had means to enhance social well-being, provision goods and services beyond just a narrow few, and means for commoners to express their voices."

For the ruling elite, good governance was a sensible choice. Most successful empires depended on taxes and resources from local economies, and thus their leaders had to meet the basic needs of their citizens.

"There are often checks on both the power and the economic selfishness of leaders, so they can't hoard all the wealth," Feinman said.

Researchers found societies with governments that were reasonably responsive to their people -- governments that met the definition of good governance -- tended to last a bit longer than autocratic governments.

However, researchers found that when good governments turned rotten, the breakup was often uglier than the collapse of autocratic governments.

According to the study, good governments fail more dramatically because the bureaucracy is more intimately integrated with society at large.

"Social networks and institutions become highly connected, economically, socially, and politically," Feinman said. "Whereas if an autocratic regime collapses, you might see a different leader or you might see a different capital, but it doesn't permeate all the way down into people's lives, as such rulers generally monopolize resources and fund their regimes in ways less dependent on local production or broad-based taxation."

Researchers also looked at why exactly good governments fail. They found the collapse of good governments was often triggered by the rise to power of amoral leaders -- leaders who ignored the social contract and abandoned their society's ideals.

Such betrayals often precipitated or accompanied rising inequality, concentration of political power, tax evasion, crumbling infrastructure and the decline of bureaucratic institutions -- a pattern researchers suggest can be observed in modern societies.

"What I see around me feels like what I've observed in studying the deep histories of other world regions, and now I'm living it in my own life," said Feinman. "It's sort of like Groundhog Day for archaeologists and historians."

Researchers suggest their findings are a reminder that even previously successful governments and prosperous, stable societies can fail when leaders abandon a society's core principles.

"In the cases we address, calamity could very likely have been avoided, yet, citizens and state-builders too willingly assumed that their leadership will feel an obligation to do as expected for the benefit of society," said lead study author Richard Blanton.

"Given the failure to anticipate, the kinds of institutional guardrails required to minimize the consequences of moral failure were inadequate," said Blanton, a professor emeritus of anthropology at Purdue University.

https://www.upi.com/Science_News/2020/10/16/Ancient-societies-collapsed-when-leaders-ignored-the-social-contract/3521602861264/

[Shami-Amourae]

WSB just pumped Dogecoin up 200% today.

326% now.

[EE_]

326% now.

Are you recommending buying all the top cryptos, or just keep jumping from one to another?

[Ares]

Are you recommending buying all the top cryptos, or just keep jumping from one to another?

Doge has always been a meme coin. It fucking started as a meme. It doesn't really have any real world use cases. It can't do DeFi (Decentralized Finance) doesn't have smart contracts. It's a speculative asset that gets pumped and dumped every couple of years.

It's been like that ever since it started.

[Shami-Amourae]

Are you recommending buying all the top cryptos, or just keep jumping from one to another?

No it's just a crazy pump. It's being promoted on WSB heavily.

I'd only recommend buying Bitcoin, Ethereum, and Polkadot now. I'm being super Conservative since I think we could still have a final shakeout.

Dogecoin is at 500% now. It's all Zoomers buying it.
https://www.forbes.com/sites/nicholasreimann/2021/01/28/joke-crypto-dogecoin-surges-over-500-in-24-hours-in-reddit-driven-boon

[Shami-Amourae]

Doge has always been a meme coin. It fucking started as a meme. It doesn't really have any real world use cases. It can't do DeFi (Decentralized Finance) doesn't have smart contracts. It's a speculative asset that gets pumped and dumped every couple of years.

It's been like that ever since it started.

It's one of the few in the top 100 that's been here since 2013. So basically Bitcoin, XRP, Litecoin, and Dogecoin are the only remaining OGs. I'd say it will always be here. Elon Musk would unironically use it as a currency on his space colony on Mars. I just wish I had some now. I haven't held any since 2017.

[Neuro]

No it's just a crazy pump. It's being promoted on WSB heavily.

I'd only recommend buying Bitcoin, Ethereum, and Polkadot now. I'm being super Conservative since I think we could still have a final shakeout.

Dogecoin is at 500% now. It's all Zoomers buying it.
https://www.forbes.com/sites/nicholasreimann/2021/01/28/joke-crypto-dogecoin-surges-over-500-in-24-hours-in-reddit-driven-boon

Look into link as well. They are third gen crypto. Currently number 7 or 8 in market capitalisation. I think it will do this year what Eth did in 2017 (hundred bagger). It has trippled since christmas. This is the only crypto I am holding since the summer.

[Shami-Amourae]

Look into link as well. They are third gen crypto. Currently number 7 or 8 in market capitalisation. I think it will do this year what Eth did in 2017 (hundred bagger). It has trippled since christmas. This is the only crypto I am holding since the summer.

Yeah they'll probably pump their gains into Chainlink next. I was considering mentioning it.

[Shami-Amourae]

Dogecoin up 850% today.

It's still going!!

It just beat LITECOIN!!!

[vacuum]

The dogecoin gains are insane...

[vacuum]

If silver did actually get squeezed, would holding junior mining stocks be the play?

You can't really convert physical into crypto, and paper silver trading could get halted, shut down, or involuntarily cashed out.

The mining stocks are just like buying physical on the other hand.

Taking a step back though, the problem with silver getting short squeezed is that it would take down the financial system and so won't be allowed to happen. If it did happen, you couldn't cash out anyway.

Do I guess the question is, how realistic is it, and what would be the play?

[Serpo]

Hohoho! LOL. 550 years of silver price depression may be over.
.

It seems a lot longer.......haha

[EE_]

With the CCP in control now and actively destroying our economy and our country, where will people run to protect their wealth as the crash is in progress?
Could people run to hard assets? We know the stock market is overvalued and homes are overvalued. The question is, what asset is undervalued? hmm?

[Serpo]

With the CCP in control now and actively destroying our economy and our country, where will people run to protect their wealth as the crash is in progress?
Could people run to hard assets? We know the stock market is overvalued and homes are overvalued. The question is, what asset is undervalued? hmm?

CCP are going down...................

[Shami-Amourae]

#SilverSqueeze is now trending on Twitter.

https://twitter.com/search?q=%23silversqueeze&src=trend_click&vertical=trends

[Serpo]

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the 'Reddit-Raiders' - Silver.
On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" (https://www.zerohedge.com/markets/reddit-rebellion-about-descend-precious-metals-market) ... One WallStreetBets user (jjalj30) posted the following last night: (https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/)
Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.
...

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

...and judging by the unprecedented flows into the Silver ETF (SLV) they just got started...

SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm9A5E.jpg?itok=kxnBG6eT
Source: Bloomberg
Which helped prompt a spike in SLV off Wednesday's lows of over 11% (and note that every surge in price was mimicked by gold, but gold was instantly monkey-hammered lower after the spike).

https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmD5F7_0.jpg?itok=PkU3zcv3
Source: Bloomberg
And judging by the asset flow, SLV has room to run here...
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm58F.jpg?itok=SsPbCec7
Source: Bloomberg
Just as short-interest in the ETF has been building...
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-01-30.png?itok=T3DT-vpm
Source: Bloomberg
This surge came after Reddit user 'TheHappyHawaiian' posted the following thesis (https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/) on buying silver noting that "the worlds biggest short squeeze is possible and we can make history."
'TheHappyHawaiian' cites two reasons to buy - The Short Squeeze and Fundamentals.
The short squeeze:

Buy SLV shares (or PSLV shares) and SLV call options to force physical delivery of silver to the SLV vaults.
The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.
The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It's not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they've done for decades (look up silver manipulation fines that JPM has paid over the years).
The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn't the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren't halted and that's what will make this so fun when the true squeeze happens.
Edit for more detail: let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver. He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller. The issue is that the new seller has the same issue and does the exact same thing. This is how the cascade effect of a meltup occurs. All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation.
The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available. Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy. They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly miniscule.
The fundamentals:

The current gold to silver ratio is 73-1. Meaning the price of gold per ounce is 73 times the price of silver. Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high. Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then. In terms of current production, the ratio is even lower at 8-1. Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold.
Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty. At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.
This 0.24 billion ounces represents only 8% of the total supply of only 3 billion ounces stored as investment globally. This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades. These boomers aren't going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies. It's locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion. For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned. $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot.
**If the squeeze happens, it would be like 40 years worth of their gains in 4 months **
The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today's world is because there aren't really any good naturally occurring silver deposits left in the world. Silver is more common than gold in the earth's crust, but it is spread very thin. Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper. This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced. Even if new mines were to be constructed, it could take years to come online.
Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment. It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver. The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.
The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion. The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver. The $1.9 trillion stimulus passing in a month or two could be a good catalyst. All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.
What to buy:

I will be putting 50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16.
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmA74B.jpg?itok=psfTbo7f
This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35.
Price target of $75 for SLV by end of April if the short squeeze happens.
Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once). So if you buy SLV shares and calls, that's great. But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV. It all depends on how paranoid you want to be. There is a lot of paranoia in the precious metals world.
Alternate options:


buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay
going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery
miners; I don’t recommend buying miners as part of this trade. Miners will absolutely go up if SLV goes up, but buying them doesn't create the squeeze in the actual silver market. Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)

Details on SLV physical settlement:

When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily. From the SLV prospectus:
"An investment in Shares is: Backed by silver held by the Custodian on behalf of the Trust. The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future."


'TheHappyHawaiian" ends with a call to (financial) arms:
Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world.
Please post rocket emojis in the comments as desired.
Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too.
Bear case: silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off. It’s also the most manipulated market in the world so we are facing some tough competition on the short side

Interestingly, 'TheHappyHawaiian' dropped this update on 1/29:
Due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail.

However, judging by the massive physical premiums for silver we are seeing this weekend at APMEX (https://www.apmex.com/product/218577/2021-1-oz-american-silver-eagle-bu)...
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2021-01-30%20%281%29.png?itok=UvHSu9OZ
... and JM Bullion (https://www.jmbullion.com/2021-1-oz-american-silver-eagle-coin/)...
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/JM%20Bullion.jpg?itok=Htv_TcjS
...there are more than a few who are already rotating to SLV from GME.




https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver

[vacuum]

#SilverSqueeze is now trending on Twitter.

https://twitter.com/search?q=%23silversqueeze&src=trend_click&vertical=trends

oh boy oh boy

How do we best take advantage of a silver squeeze?

[Shami-Amourae]

oh boy oh boy

How do we best take advantage of a silver squeeze?

I wouldn't honestly. There isn't enough retail energy to do that since most are focused on Crypto. You guys might get Silver to $100 tops in the short term, but it really should be at $1,000.
If you insist just buy physical silver, so the standard stuff. There was a successful short squeeze with Palladium over a year ago and that skyrocketed. Silver is a bigger market so harder to do.

Just buy Crypto, since that will solve more problems.

Also JP Morgan now is the largest net holder of Silver. Meaning they are long Silver right now, and not short like they were 10 years ago.

I do think Silver will possibly 10x within the next year or 2 though.



Max Keiser broke down a lot of what has been going on here:

https://www.youtube.com/watch?v=143YvkTdNI4
Skip to 36:25 where Max covers why the Silver campaign will fail likely.

[Hitch]

Just buy Crypto, since that will solve more problems..

The problem is, it's just not that easy to buy crypto. I went to coinbase and signed up. I thought, I'll start with a few hundred bucks, learn (the hard way of course), but at least have some exposure.

I couldn't transfer any money to that coinbase account, they rejected everything.

I support the movement, but it's got to get easier for a lot of us to get onboard. If you want the masses to go crypto, it's got to be easier.

[vacuum]

There isn't enough retail energy to do that

At current prices, the world's annual 1 billion ounces of production of silver would be $27 billion. Thats the current market cap of gamestop.

And it includes....all industrial needs.

It is so incredibly easy to blow silver up.

[Shami-Amourae]

The problem is, it's just not that easy to buy crypto. I went to coinbase and signed up. I thought, I'll start with a few hundred bucks, learn (the hard way of course), but at least have some exposure.

I couldn't transfer any money to that coinbase account, they rejected everything.

I support the movement, but it's got to get easier for a lot of us to get onboard. If you want the masses to go crypto, it's got to be easier.

Agreed that's a major problem. The exchanges are swamped right now sadly.
I'm sure it will be fixed soon though.

You may want to look into Voyager, I haven't tried them yet but may try it myself. They're a public company in Canada.
https://www.investvoyager.com/

You could also always buy some Bitcoin at a Coinstar at your local grocery store.

You could also download Atomic Wallet and buy with a credit card, but the fees are a little high.
https://atomicwallet.io/buy-bitcoin

I believe there's a conspiracy to slow down new investors from getting in and a major organized short on Bitcoin because a lot of institutions plan on loading the boat on crypto in February.

[Shami-Amourae]

BrotherJohnF is back, damn all the old timers are coming back. Energy is building for Silver.

https://www.youtube.com/watch?v=tnvi_ToJijg

[vacuum]

Whats the over under on when silver is made illegal to own?

[Shami-Amourae]

Whats the over under on when silver is made illegal to own?

Silver won't be illegal to own. That's silly.

[vacuum]

Silver won't be illegal to own. That's silly.

Its happened before with gold.

https://www.marketwatch.com/story/stashing-some-gold-heres-why-that-could-soon-be-illegal-according-to-one-notable-hedge-fund-bear-2020-05-20

And silver is far more important than gold.

Edit: Actually silver was also confiscated in 1933

[Serpo]

https://www.youtube.com/watch?v=f-voHfn69iA&feature=emb_logo

[Shami-Amourae]

One of the top crypto YouTubers says he's buying Silver:
https://twitter.com/IvanOnTech/status/1355812382220673025


Maybe the Crypto community (Millenials + Zooomers) might get into Silver afterall.

[Shami-Amourae]

The Winklevoss twins are onboard (their billionaires):
https://twitter.com/tyler/status/1355879360591499266

[Shami-Amourae]

Max Keiser outlined how they can simply pile on more naked shorts and keep the price down:
https://twitter.com/maxkeiser/status/1355904849142050825

Max knows what I do: that the best solution is simply buying Bitcoin.
The bankers can't naked short Bitcoin like they can Silver. That's the true Achilles' heel of the Globalists.

[RatHoler]

^
Silver has always disappointed and never has lived up to its hype so Max is probably correct.

I've grown weary over the years of hearing about COMEX default, backwardation, ratios, disconnect in physical to spot price, monetary & industrial use, supply & demand, production cost, inflation, and so forth. JP Morgan just shrugs all of that off like a pesky fly at a picnic table.

If silver doesn't bust thru $50 this run, I doubt I'll live long enough to see it happen. I'm definitely in the "I'll believe it when I see it" camp.

Will this coming week be the perfect storm where silver finally takes off or just the ultimate disappointment? If AG fails to move in a big way, even old time supporters of the metal may finally back off their hyperbole regarding its price upside. One thing is certain: we have unprecedented hype and presumably an insane amount of new buyers entering the physical and paper markets.
It's time to put up or shut up.

[Shami-Amourae]

^
Silver has always disappointed and never has lived up to its hype so Max is probably correct.

The reason Gold and Silver can be naked shorted is because there is no known supply of it. No one can tell you the above ground supply, plus you have to remember we find more and more every year due to improved mining techniques -- so it's literally an inflationary asset. Price discovery is completely broken.

Bitcoin has 21 million possible coins, and we have records of each coin. Millions are lost, and millions more will be lost. You can't invent more of something when the supply and location of it is fully transparent to the world. Bitcoin is truly deflationary and the hardest money in human history.

That is why Bitcoin is superior to both Gold and Silver. Bitcoin is the only way to stop the Bankers, this Silver campaign will drive up the price for a bit, but it will end in a lot of people owning Silver that will be worth less than they bought it in a couple years. I'll probably use this as a chance to finally sell my Silver and buy more Bitcoin (real money.)

[EE_]

Silver opened up at $29.11

[osoab]

The Winklevoss twins are onboard (their billionaires):
https://twitter.com/tyler/status/1355879360591499266

How did that work out for the Hunt Brothers?

[Ares]

How did that work out for the Hunt Brothers?

The difference is that you have thousands possibly millions buying silver now and wanting delivery.

[osoab]

The difference is that you have thousands possibly millions buying silver now and wanting delivery.

They will issue fiat instead. At a the price before the spike.

[Ares]

They will issue fiat instead. At a the price before the spike.

They would have to change the rules, which is not out of the realm of possibility in order to pull that off. They would also expose the majors that they don't actually have the silver to be able to complete the contract and dealers prices would go through the roof after that.

[osoab]

It's full on propoganda on msm for the wilver spike being caused by WSB.

Heard it on two national radio spots, AP news wire, and a local radio news spot.

Something seems fishy with this.

[osoab]

They would have to change the rules, which is not out of the realm of possibility in order to pull that off. They would also expose the majors that they don't actually have the silver to be able to complete the contract and dealers prices would go through the roof after that.

That's the thing. The brokerages, fed.gov, clearinghouses, and exchanges can change the rules anytime. It's their game.
It's been done before and will be done again to the above's advantage.

I don't see WSB being the movers in wilver either.
Buying SLV or First Majestic Silver does not directly affect the spot price/contract price.

I think this is big money using WSB as another "poster boy" to place blame/use as cover.

Does anyone know when the next key deliver date is for wilver?
Looking over the comex site, I can't tell what is the next key delivery date.

[EE_]

Prices aren't bad at CNI https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

Silver eagles $33.30
Maple leafs $31.90
100 oz bars $30.80 an oz

[osoab]

Prices aren't bad at CNI https://www.golddealer.com/product-category/products-2/bullion/silver-bullion-coins-bars/

Silver eagles $33.30
Maple leafs $31.90
100 oz bars $30.80 an oz

They are sold out of everything except for phils @ $36.25

Still better than apmex available price. 44 frns for a SAE
No 100, 50, or 10 oz bars at apmex

[EE_]

They are sold out of everything except for phils @ $36.25

Still better than apmex available price. 44 frns for a SAE
No 100, 50, or 10 oz bars at apmex

Wow, that was fast. They had them all when I posted. Only stupid people buy from APMEX, they are bandits!
If you are buying, check back with CNI often. I've dealt with them for years, top notch business!

[Hitch]

I'm eyeballing these guys...

From JM Bullion.

https://www.jmbullion.com/2020-1-oz-cook-island-bounty-silver-coin/

In stock, and while premiums are still high, might be a good physical purchase.

[osoab]

Wow, that was fast. They had them all when I posted. Only stupid people buy from APMEX, they are bandits!
If you are buying, check back with CNI often. I've dealt with them for years, top notch business!

I haven't bought in years. :)

All of you talking wilver @ 14 being the last ride are looking prescient.
It was @ $12 just 10 months ago. Including the ride from the summer.

http://gold-silver.us/forum/showthread.php?100939-So&p=970752#post970752

[osoab]

I'm eyeballing these guys...

From JM Bullion.

https://www.jmbullion.com/2020-1-oz-cook-island-bounty-silver-coin/

In stock, and while premiums are still high, might be a good physical purchase.

That is about all they have left. They have some random generic rounds too.

https://www.jmbullion.com/search/?q=#/?_=1&filter.instock.low=1&filter.instock.high=1&page=1&resultsPerPage=60&filter.metal_type=Silver

[EE_]

I haven't bought in years. :)

All of you talking wilver @ 14 being the last ride are looking prescient.
It was @ $12 just 10 months ago. Including the ride from the summer.

http://gold-silver.us/forum/showthread.php?100939-So&p=970752#post970752

If you are in need of silver, I'd call CNI and see if you can get on a waiting list for the eagles, maples and the 100oz bars. It's worth a try.
Ask for Ken Slater

[Hitch]

EE, osoab's got a point. We've been here before.

Go Silver! Rockets! Go time! Then,

like a limp dick on prom night, a big disappointment. I'm a hopeful optimist, yet a "will actually believe it's happening, when it happens." type of guy. I did buy some SLV though.

[osoab]

To today's price in perspective, we are at Aug 2020 price now.

[EE_]

EE, osoab's got a point. We've been here before.

Go Silver! Rockets! Go time! Then,

like a limp dick on prom night, a big disappointment. I'm a hopeful optimist, yet a "will actually believe it's happening, when it happens." type of guy. I did buy some SLV though.

We haven't been in the green new deal before. Solar, electric cars and green infrastructure plans, technology taking over everything. Silver usage is going to go way up. Not to mention inflation is rearing it's ugly head.
Of course we could be on a precipice of a major economic crash and new war?

[Hitch]

We haven't been in the green new deal before. Solar, electric cars and green infrastructure plans, technology taking over everything. Silver usage is going to go way up. Not to mention inflation is rearing it's ugly head.
Of course we could be on a precipice of a major economic crash and new war?

Thanks and I'm with ya, brother EE. But, we have been here before. The big difference, is when bloomberg starts talking about silver, and apmex and sd bullion stopping new orders of physical (holding what they have), that's a new one.

It would be great if the little guys could break the manipulative back of the big silver manipulaters. I will try to remain realistic though going forward. And, I've never sold silver, only bought and added, held.

[vacuum]

Wow, that was fast. They had them all when I posted. Only stupid people buy from APMEX, they are bandits!
If you are buying, check back with CNI often. I've dealt with them for years, top notch business!

Whats their website?

[vacuum]

EE, osoab's got a point. We've been here before.

Go Silver! Rockets! Go time! Then,

like a limp dick on prom night, a big disappointment. I'm a hopeful optimist, yet a "will actually believe it's happening, when it happens." type of guy. I did buy some SLV though.


To be quite honest, I've pretty much only ever panic bought silver when the price was spiking over the years.

$14, $27, etc

As long as you never sell and you panic buy in large enough quantities, its not actually a bad thing. Likely if you bought at lower prices you wouldn't buy as much.

[EE_]

Silver rocket fail
https://thumbs.gfycat.com/PerfumedMarvelousFunnelweaverspider-small.gif

[RatHoler]

Silver is the ultimate cock tease of all time.

She can shine up and provocatively lure you in with a wink & her strong body (fundamentals), but ultimately her pimp hand (JP Morgan) calls her back home before you can taste the nectar. All you end up with is your peter in your hand, but the attraction apparently can never be extinguished. You always expect that next time will be different and you’ll finally score.

She’s a no good dirty whore.

[PatColo]

To today's price in perspective, we are at Aug 2020 price now.

Ag down ~8% from yesterday atm --- right about the middle of the $22-$30 range it's been in since last Aug!

https://www.tradingview.com/x/GqivgxYH/

[woodman]

Ag down ~8% from yesterday atm --- right about the middle of the $22-$30 range it's been in since last Aug!

https://www.tradingview.com/x/GqivgxYH/
Good buying opportunity if the premiums come down.

[Shami-Amourae]

Max Keiser outlined how they can simply pile on more naked shorts and keep the price down:
https://twitter.com/maxkeiser/status/1355904849142050825

Max knows what I do: that the best solution is simply buying Bitcoin.
The bankers can't naked short Bitcoin like they can Silver. That's the true Achilles' heel of the Globalists.

Max Keiser was right, again.

Silver is now lower than the weekend. The bankers smacked Silver lower than it was last Friday to send a message.

Meanwhile Ethereum just hit all time highs.

:rolleyes:

[Shami-Amourae]

(JP Morgan) calls her back home before you can taste the nectar.

JP Morgan no longer shorts Silver, and is actually the biggest long. They are now the biggest holder of Silver in the world.

The government mandated short position is now organized between 8 smaller institutions, so it's more distributed.

[EE_]

JP Morgan no longer shorts Silver, and is actually the biggest long. They are now the biggest holder of Silver in the world.

The government mandated short position is now organized between 8 smaller institutions, so it's more distributed.

Our country is so doomed. Wall Street is backed by the globalists, just like the supreme court, the Democrats, Republicans, the MSM, the FBI, CIA, DOJ, etc.
They are all flexing their muscle on the world now. They are all in cahoots against the little guy. Doom on!

[Hitch]

Yes, silver got slapped down hard today. Yes, it's demoralizing. Yes, it sometimes really sucks to be invested in silver.

But, look at what's happened in just a few days. A lot of firsts have happened. Bloomberg was talking about the shorts in silver, it was all over the news, big media. Apmex halted orders, even though they had the silver. I've never seen them do that. Also, their premiums are insane, about $15 a silver eagle premium.

Physical silver was rushed. That's great, and a bunch of geek tech kids on Reddit got exposed to silver. So, what happens next? A bunch of physical silver falls in the hands of new investors, gets delivered, and they hold it. It's easy to order silver, but takes effort to cash it in.

We should have seen this coming big money (big banks) to try to readjust any new momentum into silver, but it's not over. It's still an exciting time for silver, and while no posting rockets yet, it may come in the near future.

[EE_]

Yes, silver got slapped down hard today. Yes, it's demoralizing. Yes, it sometimes really sucks to be invested in silver.

But, look at what's happened in just a few days. A lot of firsts have happened. Bloomberg was talking about the shorts in silver, it was all over the news, big media. Apmex halted orders, even though they had the silver. I've never seen them do that. Also, their premiums are insane, about $15 a silver eagle premium.

Physical silver was rushed. That's great, and a bunch of geek tech kids on Reddit got exposed to silver. So, what happens next? A bunch of physical silver falls in the hands of new investors, gets delivered, and they hold it. It's easy to order silver, but takes effort to cash it in.

We should have seen this coming big money (big banks) to try to readjust any new momentum into silver, but it's not over. It's still an exciting time for silver, and while no posting rockets yet, it may come in the near future.

I think today was a buying opportunity for silver stocks, AG, SLV and PSLV

[vacuum]

Interesting how PSLV didn’t quite drop down like SLV did. The physical and paper are even decoupling on the stock market.

[PatColo]

Little Guys Challenge Wall Street Vultures
(http://therealistreport.com/little-guys-challenge-wall-street-vultures)
February 16, 2021 (http://therealistreport.com/little-guys-challenge-wall-street-vultures/) Realist Report (http://therealistreport.com/author/realist/) One comment (http://therealistreport.com/little-guys-challenge-wall-street-vultures/#comments)

A network of individual, “common man” retail investors organizing on social media sites, including a popular public forum called Wall Street Bets, hosted on the discussion website Reddit, has caused chaos in the financial markets recently, inflicting billion-dollar losses on predatory hedge funds. Hedge funds often use their vast sums of capital to target struggling companies by “shorting” their stocks, which is essentially betting that the stock price will drop, not rise. Wall Street Bets and their supporters have thoroughly exposed the corrupt nature of the financial system, which illegally colludes and collaborates with large financial institutions and players to protect their ill-gotten gains.

The retail investors, largely comprised of individuals investing minimal sums of money in specific stocks, took a page from the hedge fund’s playbook this time by encouraging their allies to purchase and hold shares of stocks in targeted companies that major hedge funds “shorted,” particularly the struggling video game retailer GameStop, resulting in the company’s stock price skyrocketing in recent weeks. GameStop stock (GME) traded for just $17.25 at the beginning of the year and ballooned to a high of $347.51 on Jan. 27 as the number of shares traded also skyrocketed from around 20 million daily to nearly 200 million on Jan. 22. The stock price has since fallen to about $130 with volume under 40 million as AFP goes to press.

“Shorting” a stock is a popular strategy hedge funds and other large financial firms utilize to not only make huge sums of money but in some cases to target and destroy struggling companies. In a nutshell, a “short” is when a market player borrows shares in a company and sells them immediately in the anticipation that the price of the share will drop. The borrowed shares will eventually be sold at the lower price, and the market player will pay back their original lender and pocket the difference.

To further guarantee the price of shares of targeted companies drops—and the hedge funds can thus reap massive profits—“experts” from these hedge funds appear as financial analysts on mainstream news broadcasts and convince investors to sell their shares in targeted companies. This drives the price of the stock even lower to the benefit of the hedge fund vultures. This is an appalling practice that often destroys otherwise stable companies.

Short selling is a common practice on Wall Street, generating huge profits, but it can also result in devastating losses if a shorted company’s stock price actually rises rather than falls. In the case of GameStop, large Wall Street hedge funds had tremendous short positions in the stock. When the individual retail investors organizing on the Wall Street Bets Reddit page noticed the situation and encouraged their allies to purchase shares of GameStop, they drove up the share price, dealing a major blow to the hedge funds.

According to recent reports, short-sellers took massive financial hits in January alone, with losses of nearly $71 billion. Just over $1 billion were lost by hedge funds that shorted GameStop, including Point72, Citron Research, and Melvin Capital, the latter of which required a multibillion-dollar bailout from fellow hedge funds as a result of its devastating losses in the GameStop short sell.

As news spread of the major losses Wall Street firms and hedge funds were taking, popular stockbroker services began restricting trades in GameStop and other stocks that had been shorted, a blatant and clear attempt to manipulate the market in favor of the hedge funds that were being crushed. Robinhood, a popular app-based platform that prides itself on democratizing finance and investing for everyone, outright banned users from purchasing shares of GameStop and other “volatile” stocks that were shorted by major hedge funds in January, while several other stockbroker services followed suit.

Users were only allowed to sell their shares of GameStop, not purchase any. Robinhood eventually allowed users to begin purchasing GameStop stock again, but only in very limited numbers. The moves sparked immediate backlash from individual retail investors, who use platforms like Robinhood to purchase shares of GameStop and began posting negative reviews of the Robinhood app on the Google Play Store. This prompted Google to intervene and delete the negative reviews in order to protect Robinhood, yet another indication of the collusion between large financial interests.

In late January, a group of investors who utilized Robinhood filed a class action lawsuit against the company for its seeming market manipulation in favor of the hedge funds that shorted GameStop.

“Robinhood purposefully, willfully, and knowingly removing the stock GME [GameStop] from its trading platform in the midst of an unprecedented stock rise thereby deprived retail investors of the ability to invest in the open-market and manipulating the open-market,” the lawsuit argues in part. It goes on to allege Robinhood’s moves to block or severely restrict the ability of its users to purchase GameStop and other key stocks was done at the behest of “large institutional investors” into the company and designed to benefit their positions in the market.

Several congressional representatives, including “Squad” member Rep. Rashida Tlaib (D-Mich.), have condemned Robinhood and called for an investigation into the market manipulation and collusion on full display in the wake of the GameStop phenomenon.

“This is beyond absurd,” Rep. Tlaib recently tweeted, insisting that the House Committee on Financial Services open an investigation into “Robinhood’s market manipulation.”

“They’re blocking the ability to trade to protect Wall Street hedge funds, stealing millions of dollars from their users to protect people who’ve used the stock market as a casino for decades,” she powerfully stated.

Other progressive Democrats, such as Rep. Ro Khanna, expressed their outrage over the situation, noting that the incident “showed how the cards are stacked against the little guy in favor of Wall Street traders.”

While much remains uncertain about the future of GameStop, there are millions of individual retail investors that now realize their power and potential in the market, while Wall Street hedge funds, brokerage platforms, and major sections of the mass media have been exposed as openly collaborating to protect their ill-gotten gains and to prevent individuals from challenging their financial hegemony.

Reddit Trading, a popular anonymous user on the social media site Twitter, who is associated with the Wall Street Bets forum, argued in a recent tweet that what is happening is “beyond a movement. . . . This is a new normal.”

“The market is not going anywhere,” Reddit Trading stated. “We have shown that if we want a stock we will buy it and maximize the return. Exact same things hedge funds do to make billions.”

NB: This article was originally published (https://americanfreepress.net/little-guys-challenge-wall-street-vultures/) by American Free Press on Februay 16, 2021. Subscribe (http://americanfreepress.net/subscribe/)to America’s last real newspaper today!


http://therealistreport.com/little-guys-challenge-wall-street-vultures (http://therealistreport.com/little-guys-challenge-wall-street-vultures)

[vacuum]

Silver may be ready to explode.

Delivery for this month is 2/24. If there are any problems, it will set off a chain reaction. Remember, corporations need to secure their supply at any cost. Apple doesn't care if silver costs $27 or $27000. They need it and will procure it.

Check out this DD:
https://old.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/

Check out this vid:

https://www.youtube.com/watch?v=wtxr_yXDXTo

Here's my guess: we get the delivery for this month doesn't go that well, but ultimately it is smoothed over. We get a permenent bump in silver price into the $30s. People begin aquiring physical furiously throughout March. Total meltdown could then be in March. It could of course explode this month as well.

[Ares]

Silver may be ready to explode.

Delivery for this month is 2/24. If there are any problems, it will set off a chain reaction. Remember, corporations need to secure their supply at any cost. Apple doesn't care if silver costs $27 or $27000. They need it and will procure it.

Check out this DD:
https://old.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/

Check out this vid:

https://www.youtube.com/watch?v=wtxr_yXDXTo

Here's my guess: we get the delivery for this month doesn't go that well, but ultimately it is smoothed over. We get a permenent bump in silver price into the $30s. People begin aquiring physical furiously throughout March. Total meltdown could then be in March. It could of course explode this month as well.

Physical prices are already decoupling, even for 1000oz bars there is a $10 premium over spot per ounce. If there is a delivery failure, it's definitely going to show the wall street emperor has no clothes.

Glad some of us have stocked physical when it was easier to get a hold of.

[EE_]

Silver may be ready to explode.

Delivery for this month is 2/24. If there are any problems, it will set off a chain reaction. Remember, corporations need to secure their supply at any cost. Apple doesn't care if silver costs $27 or $27000. They need it and will procure it.

Check out this DD:
https://old.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/

Check out this vid:

https://www.youtube.com/watch?v=wtxr_yXDXTo

Here's my guess: we get the delivery for this month doesn't go that well, but ultimately it is smoothed over. We get a permenent bump in silver price into the $30s. People begin aquiring physical furiously throughout March. Total meltdown could then be in March. It could of course explode this month as well.

If Ed is right, this is a big WOW coming!

[PatColo]

biggest BTC group on gab, 29.5 K members
https://gab.com/groups/1898

Ag chart today
https://www.tradingview.com/x/cKFqN68Q/

[PatColo]

Robert Kiyosaki: I’m Buying All the Silver, It’s 100% Manipulated, Back Up the Truck

248,337 views
•Feb 16, 2021

Stansberry Research (https://www.youtube.com/channel/UCVgL_VeHteGecp5nn0NRztQ)

https://www.youtube.com/watch?v=h3aCPiNPqCE

https://www.youtube.com/watch?v=h3aCPiNPqCE

The hard assets are starting to win right now and people need to wise up, this according to best-selling author Robert Kiyosaki. In an interview with our Daniela Cambone, he explains why he wants to accumulate as much gold, Bitcoin, and especially silver as possible. "I stay out of paper, I stay out of the stock market," he says. Kiyosaki also talks the silver squeeze: "The trouble with silver is that it is a real asset and the biggest [investors] that use it are some of the biggest companies in the world. So I was happy when Reddit stirred the waters— but they were messing with real companies. It's 100% manipulated." He adds that he "backed up the truck on silver" recently, taking whatever he could get his hands on from his dealer.