Reddit and GameStop

[Detroitgator]

I don't know how much longer wsb will be up. A lot of the serious talkers have moved to 4chan. This was posted today regarding going after silver, and he's right. Silver is the achilles heel of the financial system.

 

[bradgator2]

Well that’s scary

 

[Gatormac2112]

America will not be destroyed on a silver squeeze. That guy is an idiot.

 

[Concrete Helmet]

It's long been known that banks and Governments around the world have been writing checks against both gold and silver that their asses can't catch....you wanna see the bailout to end all bailouts...

 

[Concrete Helmet]

BTW I placed 2 orders through my broker yesterday on metals(physical)....delivery times are doubled and you have to sign agreement acknowledging that....needless to say premiums are also up.

 

[CDGator]

CNN got to the bottom of this scheme. Good work. I’m a little disappointed that they didn’t work Trump into the sentence though.

 

[bradgator2]

Silver markets open at 6pm. Up over another 5% out of the gate, but has settled down a little. Currently at $28.10.

All huge online physical silver markets (apmex, jmbullion, etc) have completely stopped selling.... or have placed things on a 10 day hold.

 

[FireFoley]

From what I can discern, if 8 large banks are short silver, it must be a small amount. There is not a huge short interest in silver as far as I can find and in fact most of the large banks research depts. have been recommending long positions in the precious metals.

Or maybe the Hunt brothers sons are trying to do a redux, LOL..

More importantly, where's BEEKS?????

https://y.yarn.co/f103150b-da71-4849-a662-918e9246fae7.mp4

 

[bradgator2]

 

[Detroitgator]

From what I can discern, if 8 large banks are short silver, it must be a small amount. There is not a huge short interest in silver as far as I can find and in fact most of the large banks research depts. have been recommending long positions in the precious metals.

Or maybe the Hunt brothers sons are trying to do a redux, LOL..

More importantly, where's BEEKS?????

https://y.yarn.co/f103150b-da71-4849-a662-918e9246fae7.mp4

The Hunt Bros only crime was that they weren't in "the club." The club changed the rules during the game and called the bros "bad". Then, for good measure, you prosecute them. Basically the same for Milken.

And now, we see history repeating with all these short squeezes, don't we?

When silver went to $45 last time, it was definitely headed for triple digits, so what did they do? Have the boys in Chicago change the rules/margin requirements. 50% chop to spot.

Expect more of the same. Know your place, peasant!

 

[BMF]

Silver markets open at 6pm. Up over another 5% out of the gate, but has settled down a little. Currently at $28.10.

All huge online physical silver markets (apmex, jmbullion, etc) have completely stopped selling.... or have placed things on a 10 day hold.

Silver prices hit highest since 2013 as Reddit army turns to commodities

Silver prices hit highest since 2013 as Reddit army turns to commodities

 

[CaribGator]

 

[no1g8r]

The Hunt Bros only crime was that they weren't in "the club." The club changed the rules during the game and called the bros "bad". Then, for good measure, you prosecute them. Basically the same for Milken.

And now, we see history repeating with all these short squeezes, don't we?

When silver went to $45 last time, it was definitely headed for triple digits, so what did they do? Have the boys in Chicago change the rules/margin requirements. 50% chop to spot.

Expect more of the same. No your place, peasant!

I was thinking about the April 2011 silver run up last night. The CME group changing the rules (increased margin requirements) cost me six figures, as they did it on about 24 hours notice, and my company had us on a 3-day “no technology” team-building retreat. It was a perfect storm for me, as I was working with long call options that went from deep ITM to very OTM literally overnight.

 

[alcoholica]

If investment firms didn’t close out of all short positions after game stop, they are dumb. The greed is strong in them.

 

[UFHealthGator]

I don't know how much longer wsb will be up. A lot of the serious talkers have moved to 4chan. This was posted today regarding going after silver, and he's right. Silver is the achilles heel of the financial system.

I don't understand. Why would our economy depend on banks shorting silver? This is the stupidest thing I have heard, but hey, markets are crazy these days.

 

[Detroitgator]

I don't understand. Why would our economy depend on banks shorting silver? This is the stupidest thing I have heard, but hey, markets are crazy these days.

Silver isn't the same issue in today as it was in 2011. In 2011, JPM had inherited MASSIVE paper shorts on silver from Bear Stearns collapse and you could effect a short squeeze by buying paper silver. That is what was happening in 2011, but then the CME stepped in a changed the rules. That short position doesn't really exist anymore on paper. The only way to do this today is by buying PHYSICAL silver, not SLV type paper, and that's what people are doing. This could cause a problem and it's why SLV is also rising.

 

[FireFoley]

Not sure where all this stands after today after Robinhood had to raise another 2.5 Billion on top of the Billion + it raised over the weekend. Saw that GME was down a C-Note today and was down anther 50 bux at one time after the close. KOSS down to 30 Bux a share. Not saying it is over but the longs in GME could begin to get a little nervous.

Also trying to run a deliverable commodity like Silver or Gold is completely different than trying to run shorts in a common stock. Lot of people might end up with quite a bit of metal in their living rooms, LOL

 

[GatorCatsi]

I had an interesting conversation today and am having another one tomorrow morning... Did you say that just randomly (but obviously in correct context), or did you say it deliberately and likely in the context it was discussed in the conversation I had today?

Interestng! I'd say w/regard to your conversation(s) it was random.

 

[GatorCatsi]

When silver went to $45 last time, it was definitely headed for triple digits, so what did they do? Have the boys in Chicago change the rules/margin requirements. 50% chop to spot.

CME Group Raises Silver Margin Requirements 17.8% Following Volatility

 

[Detroitgator]

CME Group Raises Silver Margin Requirements 17.8% Following Volatility

Right on cue...