Silver short squeeze

Hang on to your hats kids! Small market is easily manipulated
Like the Hunt brothers at internet speed

 

Log in or Sign up to hide this ad.

anything and everything can be manipulated ,nothing unusual or surprising about things getting made to look better or worse then they really are happens all the time in the world we live in

 

You think the Redditers will attack silver? Even if they did, the basis between market and physical will simply expand. The last time someone tried to corner it, the basis exploded. When it hit $50 in 1980 dealers were paying $40. Just like when it dipped down in March but no dealer would sell for less than $6 premium over. Dealers as a group are usually smart, they skim off a ton of any potential gains for themselves. Listen, I know the reasons, they have the risk of not selling yada yada, I am just saying physical buyers NEVER participate as much as they should in market movements due to dealers changing the buy/sell spread in their favor constantly.

 

Squeeze baby, squeeze!
I’ve got some silver that I’d be happy to share with a short seller - at $40/oz.
Never mind what I paid for it. .

 

Just reporting from the 20,000 ft level.
Most of my 50 lb silver hoard is locked in my SDB 1200 miles away
I’m not trading in SLV or futures market
Full disclosure

 

Shorts are able to cover so far.
Until they can’t
Second wave this afternoon will tell the tale
Remember, for every long position there is a short position, somewhere
The second wave will wash right over some folks

 

The difference, though, is there are millions upon millions of ounces not in Comex that can be PUT into Comex. Usually stocks are a fairly finite quantity. Hopefully those betting with real money are realizing the difference. Maybe 1% at most silver around is in a Comex warehouse.

 

You can always be dumb like me and sell your 40% for $1.50 each at a scummy lcs

 

Round and round we go, where we land somebody knows!

 

But seriously, what does that do to collector-value silver coins...? Do you add the value to the silver price...is a silver coin of value, say $50, worth $100 if a silver price of $50...??? Or does it remain the same...worth nothing more than the $50 silver price...?

 

There comes a point when spot exceeds numismatic value. Been that way with double eagles for years.

 

If silver goes up in a big way because of the squeeze, who the heck will buy it? It's already a ripoff due to the premiums charged! Time will tell, the price of GameStop worked, but silver, idk?

 

In case you haven't noticed, the online bullion silver dealers are "out of stock" on just about everything right now, even junk silver.

 

Bazinga!
https://www.bloomberg.com/news/arti...-grind-to-halt-as-reddit-horde-moves-to-coins

 

One question: IF the "squeeze"-project goes well, and the price of silver soar indeed, will it affect ONLY the greedy men at Wall Street or will it affect BOTH the greedy men and normal working families?

And why are the people in reddit buying physical silver? To earn money? or to hit the greedy men at Wall Street?

 

Silver is a small commodity, compared to gold, copper, iron, etc
Easily manipulated ie The Hunt Brothers
I’m thinking SLV calls out of the money will be the weapon of choice
Physical is the street level and spot is futures level
Sure gonna be an interesting week

 

Trading started again tonight...up another 5%

 

Anyone else think the whole Gamestop and silver short squeeze is just a false flag operation that benefits the big players? Why did this happen right after inauguration and not before?

The markets actually show huge purchases beyond retail groups late at night for GME. Silver price benefits JP Morgan. I'm not buying the narrative.

 

Got a conspiracy theory for us there sport?

 

Yeah, the little guy is upending markets