Silver short squeeze

Discussion in 'Bullion Investing' started by Heavymetal, Jan 29, 2021.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    The stuff is heavy..........can't carry it all in my 'get out of town, Brown', back pack.
     
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  3. Heavymetal

    Heavymetal Well-Known Member

    I mean the ‘false flag’ thing and the inauguration reference.
     
  4. bidask

    bidask Junior Member

  5. Heavymetal

    Heavymetal Well-Known Member

    Us old guys are at risk of injury
     
    green18 likes this.
  6. Heavymetal

    Heavymetal Well-Known Member

    When I started this thread spot was $25.30 Friday morning
    $28.40 now
    Bazinga
     
    slackaction1 likes this.
  7. fretboard

    fretboard Defender of Old Coinage!

    Yep, shazam! ;)
     
  8. coinaline

    coinaline Active Member

    False flags have been very useful strategies throughout history, so their existence is not a conspiracy. See Germany's invasion of Poland.

    There are now calls for more censorship of social media and regulations to "protect" the market. Of course, Robinhood is the bad guy as well after being asked to stop trading. It was one of the few avenues for retail investors, but will be blamed for their response. Watch for regulation to restrict little people's trading.

    At this point in history, I would say the belief that the little people coordinated these squeezes is the bigger, and far more outlandish, conspiracy theory.

    See who gains the most and you will find the responsible party.
     
  9. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Well if it gets to around $30 I'm going to sell some silver and possibly upgrade from a quarter eagle to a half eagle.
     
  10. Heavymetal

    Heavymetal Well-Known Member

    Help me to understand. If JP Morgan benefits because an army of small investors realizes a small market can forced up a rope without support, something should be done to JP Morgan, or their stockholders?
    I will say this, laws/regulations need to be enacted to avoid this kind of activity. Market manipulation is not a desirable activity, no matter who/what causes it
     
  11. losthomer

    losthomer Active Member

    Provident and JM Bullion websites just went down.
     
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  12. coinaline

    coinaline Active Member

    My thought process is that JP Morgan has the largest share of global physical silver, silver is used in solar, the run on silver has little people jumping on it at $29/$30 who will probably hold longterm hoping it goes up, Biden and Congress enact sustainable energy requirements, silver in demand and someone wins big.

    Robinhood was messing up the market because little investors gamble less and invest in things they believe in. I believe it was causing problems for Wall Street because they couldn't crash the market on cue. Now, people are jumping ship and they are being sued. Problem eliminated.

    The timing one week after inauguration makes me wonder. Depending on your politics, you may see things differently.
     
  13. crazyd

    crazyd Well-Known Member

    The difference between spot market price and the price/availability for a minted coin of silver never seemed more interesting.
     
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  14. Heavymetal

    Heavymetal Well-Known Member

    Interesting theory. Myself, I’m not blaming Jamie Dimon for positioning his company to improve profits. And to suggest that JPM is in concert with millions of mini investors is well...a conspiracy theory
     
    fretboard likes this.
  15. losthomer

    losthomer Active Member

    ... And they're back.
     
  16. Heavymetal

    Heavymetal Well-Known Member

    The ‘spot’ price that we trade silver at is based on the futures market.
    The ‘Merrymen’ as Jim Cramer dubbed them, seemed to find our beloved metal easily manipulated. sad in a way, glad in another.
    I got some tulips to sell. What am I bid?
     
  17. Heavymetal

    Heavymetal Well-Known Member

    $28.67 now
    To the moon, Alice
     
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  18. fretboard

    fretboard Defender of Old Coinage!

    All I know is it's an exciting time for silver, my politics never get into my PM holdings at all. :D I also don't believe in conspiracies at all, I don't have time for it or the outgoing administration! laugh.gif
     
    Jeffjay, RonSanderson and Heavymetal like this.
  19. manny9655

    manny9655 Well-Known Member

    APMEX was down briefly too. Monument Metals is still up
     
  20. Heavymetal

    Heavymetal Well-Known Member

    $28.80 now Sweet dreams folks
     
  21. -jeffB

    -jeffB Greshams LEO Supporter

    Nobody "believes in" GME. They believe that there will be a greater fool to buy it at an even higher price. And so far, they've been right.
     
    GoldFinger1969 likes this.
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