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Posted: 1/30/2021 5:48:45 PM EDT
Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver
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?" ... One WallStreetBets user (jjalj30) posted the following last night: 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. |
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I'll believe it when their much hyped raid on Dogecoin that was supposed to start an hour ago happens.
Plus, fucking with some hedge fund is one thing. Fucking with JPM is quite another. People wind up in accidents when they fuck with JPM. |
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Quoted: I'll believe it when their much hyped raid on Dogecoin that was supposed to start an hour ago happens. Plus, fucking with some hedge fund is one thing. Fucking with JPM is quite another. People wind up in accidents when they fuck with JPM. View Quote |
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It's a distraction. Somebody is trying to get them to focus on something other than GME.
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I already made 114% on my SLV calls on Friday. Playing with the house money now. Will spend 75% on shares of SLV and PSLV and the other 25% on med term SLV calls.
I’m in. ETA - Robinhood already is limiting amount of SLV and options can be purchased. Citadel owns a substantial amount of RH. Coincidence? |
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Seems a little different trying this on a ETF backed by a commodity. Not the same as a stock in a relatively small company.
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I just tried to search silver prices on Google and the prices don't even show up like every other time I've ever searched it.
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I have a decent supply of silver, what are we looking at? Double, triple, 10x the value coming up?
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So, would buying some bullion be prudent at this point? I have a fair sized bag of junk silver, but no rounds or bullion.
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There’s gonna be all sorts of shady fuckers trying to capitalize on the GME deal. Make a hype rumor, naive amateur speculator money floods in, hype generator sells his positions and profits.
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GameStop was the perfect storm of a small market cap company that was heavily shorted and leveraged, and the run was completely unexpected by the big hedge funds. It was easy for a group of small investors to buy enough to make a big impact.
But the same guys moving a commodity price after the whole world knows they’re trying to do it? Not gonna happen. At least not by any significant amount. |
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I was early on the WSB trends.
I'm telling you the silver idea was floated on/pol/ first. I'm sure they will raise the price but I'm not convinced they have the follow through. A lot easier to purchase GME on a Robinhood account than to buy physical silver |
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Pretty sure this was debunked and big money was like 120m ounces of silver long and actually not heavily shorting it at all.
Also, why would you want to short squeeze something with THAT much liquidity? Seems like a terrible candidate. |
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Quoted: Pretty sure this was debunked and big money was like 120m ounces of silver long and actually not heavily shorting it at all. Also, why would you want to short squeeze something with THAT much liquidity? Seems like a terrible candidate. View Quote This, this and this. Oh some this too. This whole deal has really saddened me. People just run with a narrative without understanding the moving pieces involved. At this point, people are being used and will end up bag holding so some clever people can make serious cash. For the love of your wallet, please start actually diving into stuff instead of just going “omg, look at this post! Buy buy buy!” You are being played like a damn fiddle. |
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WSB has gotten too big. Much more difficult to tell what is being manipulated/pushed vs. what is a genuine trading opportunity now.
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Quoted: I already made 114% on my SLV calls on Friday. Playing with the house money now. Will spend 75% on shares of SLV and PSLV and the other 25% on med term SLV calls. I’m in. ETA - Robinhood already is limiting amount of SLV and options can be purchased. Citadel owns a substantial amount of RH. Coincidence? View Quote NM |
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COMEX all major international banks with big positions...
I don't think so... |
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Always take your financial planning advice from ZeroHedge. They have a top performing track record.
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Never bet on search.
Is paper silver getting rolled & boofed by Reddit ? Silver up over $1.50 an ounce today. - AR15.COM Silver BFL rounds - AR15.COM Wall Street Bets Going after the Silver Market - AR15.COM Run on Silver? - AR15.COM Selling large amounts of physical silver quickly - AR15.COM |
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just wait until reddit sees what the hedge funds are doing with iraqi dinars!
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Quoted: Seems a little different trying this on a ETF backed by a commodity. Not the same as a stock in a relatively small company. View Quote But it's NOT backed by a commodity. Well it *is* but so fractionally as to be the same as not. It's WAAAAY more ripe to be burst than any one company's stock for the same reason. GMe was shorted by 140%, Physical Silver is shorted by orders of magnitude. |
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The attempted squeeze in 2011 flopped. It'll take FAR more than what happened with GameStop to pull it off. However, if anyone wants to try again, I might be sitting on double-digit pounds of physical silver, so I sure as hell won't complain. People have to actually take possession of silver for it to make a difference.
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Quoted: I just tried to search silver prices on Google and the prices don't even show up like every other time I've ever searched it. View Quote BULL FUCKING SHIT https://www.apmex.com/silver-price |
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RH is restricting SLV buys to 1 share. They know what's coming.
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You guys need to understand that the GameStop effect is about done now.
The pump/ dumb folks are looking for suckers..... and goldbugs are generally always suckers |
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