Why do you think every major media outlet is pushing it? They are trying to take the focus off GameStop which is the real issue because they shorted it over 100%. Citadel owns a massive amount of SLV and they are trying to draw the price up at your expense to cover their GameStop loss. Don’t buy silver unless it’s physical Source: https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/ Lots of stuff on WSB about it too
Edit: looks like the shills have switched to telling us to buy silver and less of the “q is a domestic terrorist” line. They must have gotten an NPC upgrade over the weekend
Yes, SLVR is a NO, real silver is a GO
I remember a few years ago getting into it because there were hundreds of ounces of paper silver for every ounce of real silver, which is a pretty self explanatory recipe for under-pricing the market value.
that isn’t even it
there are thousands of ounces SHORTED on paper for every real ounce
Yeah I think that is still true, but right now Melvin Capital and Citadel are pushing to take the focus off of the actual squeeze. The time for silver will come
If you can't pull your pants down and rub your junk on it, you don't own it!
Unfortunately those fuckers got the herd spooked on physical last night. Had these @ $30 in my cart. Ate dinner, spiked to $33 in interim and sold out while I was thinking about it. Final over spot $35. Just tells me my original balk at $30 was probably right and I was panic buying -
https://store.firstmajestic.com/collections/popular/products/10oz-silver-ingot
CNN, lol, "*It's all reddit guise; you should dump GME if you don't like the stock and buy silver!!!**" -
https://edition.cnn.com/2021/01/31/investing/silver-price-squeeze-reddit-wallstreetbets/index.html
Specifically, dump your GME for an ETF.
Don't dump GME! That show is just starting to get interesting.
Silver is the next show, if you are game, get into position, if not, just sit back and enjoy the show.
ABSOLUTELY. Silver = good. SLV = manipulation attempt....
Melvin Capital- the hedge fund that is being outright destroyed by crowd-sourced GME/AMC stock purchases- is one of the world's biggest Silver investors. Buying Silver stock only helps them to recover their losses. They are sending shill assets all over the internet and instructing media to promote some fake news story about WallStreetBets (the subreddit this all ORIGINATED from) "switching over to silver" so people will think it's the next big thing. It's not true. NOBODY there is recommending silver stock purchases. If you buy silver, buy PHYSICAL silver.
None of this is financial advice. I'm just a retard and I like the stonks. If you buy stock, you probably want to buy GME or AMC stock instead of getting misdirected by the fucking media. Keep the pain on those hedge funds. HOLD until those stocks reach the lunar surface- because every day that we hold, the banksters suffer an incalculable financial loss. GME doesn't appear to have any "limit" on how much it's worth can increase, so long as people involved with this HOLD.
Speaking of hedge funds, I read that WallStreetBets is now pretty much the world's largest decentralized hedgefund. Isn't it crazy what people can accomplish when they work together? :)
Don't switch, keep the pressure on GME. Silver is the next action.
https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/
bullshit
I smelled this rat as soon as I heard Citadel had massive amounts of silver. I hope others figured it out too.
You should learn how the market works like the rest of us.
Citadel owns 10m ounces of physical silver.
BUT THEY SOLD 50M IN PAPER SILVER
If the price of silver is pushed 5-10$ now citadels physical is worth 100m
BUT GUESS WHAT YOU SMOOTH BRAIN RETARD!!!
THEY NOW OWE 500b in paper silver
NO CAN PAY OUT ON THE PAPER SILVER IF IT GOES UP IN PRICE
Same. It has really gripped TDW and TGA pretty bad
I'm just confused why people are stupid about this.
"Paper money bad! Precious metals good! Let's go buy paper silver!"
It literally doesn't add up. You have to be fuckin' mentally inept. I'm talking full on cognitively handicapped.
LOL right? There is no driving the stock up as you can't take physical delivery of the silver unless you go through Bank of New York Mellon and you are taking a shitload of delivery. You aren't going to be able to get 1 ounce delivery for a share of $SLV.
The trading initials of Silver is XAG
$SLV is the iShares Silver Trust managed by Blackrock and the one (don't know if there are more) that are actually backed by physical silver (though the actual amount is highly tampered with and unknown)
And it is therein with that Unknown that will be their downfall.. https://www.youtube.com/watch?v=ZQ5Ytow727I
You offer nothing to back-up your claim that Citadel owns "a massive amount of SLV". Your post is nothing but misinformation; except for the blurb about buying physical Ag.
exactly ^^
Citadel owns 10m ounces of physical silver.
BUT THEY SOLD 50M IN PAPER SILVER
If the price of silver is pushed 5-10$ now citadels physical is worth 100m
BUT GUESS WHAT YOU SMOOTH BRAIN RETARD!!!
THEY NOW OWE 500b in paper silver
NO CAN PAY OUT ON THE PAPER SILVER IF IT GOES UP IN PRICE
Yep! Exactly right. They profit and it is all about taking the focus off GME.
The reason that physical silver is ridiculously low compared to gold, for instance, is because the big boys are SHORTING it. This post goes hard against that grain.
My entire thing is not to buy $SLV in an attempt to short squeeze it, buy physical silver if you want to make a dent.
His source is opinions on reddit
Added some source to the text. Not misinformation at all actually
AGQ was trading up before market opened. I got in at 9:30 am and made some quick $$. Rode the hype and did alright.
Noticed much silver originating from China, high fidelity speaker wire in particular.
Diamonds in hand
Can mods sticky this? ?
Why so scared glowie?
hahahahah
The pain is coming! AND I WANT TO SEE FUCKING PERP WALKS!
We know they are naked and we are going to squeeze until everyone sees they are naked.
Because there are lots of other people on here raving about it and people need to know the truth. $SLV !== physical silver and you cannot take physical delivery from a share of $SLV except in massive quantities working through Bank of New York Mellon so this whole thing is actually a fraud to give Citadel (who owns a massive amount) the ability to realize a massive profit.
CDE is the play.
This post is misinformation unless you have evidence.
Handshake account telling me my post is misinformation that’s cool
Still haven't provided any evidence. That's cool.
Research it yourself, it's very easy to determine that the Enemy owns a lot of silver, and they also own even more of the paper certificates on silver via their banks and clearing houses.
I'm not going to argue the point, but just know that if you DO buy silver be sure you take physical possession of it, if all you get is a certificate you may well be screwed and you definitely will not affect the Enemy. Their silver price goes up - you will drive it up for them - and they own far more than you can own.
They may well recover from Gamestonks with people buying silver today.
Research it yourself instead of making non-arguments on the interwebs.
Silver is very different than Gamestonks.
https://files.catbox.moe/e4h2uj.jpg
Put a link in the text. Lots of other posts all over WSB about it
You linked opinion pieces as your evidence. Lmao
You think you are going to get the truth from CNBC?
You think I watch CNBC? Man you really like assuming stuff with no factual evidence lmao.
Really. Have you been paying attention?
All of a sudden the focus is on silver? Why? The thing is this:
If you obtained a put of say 15 dollars, but you hold it for weeks and months on end, you pay interest on it. Right?
So, all you have to day is sit down and keep your position till such time the initial wave of support is gone.
However, knowing these idiots manipulating everything, including perception if that helps their case, all of a sudden we see a "hausse" in articles trying to solicit support for another play. A bigger play, a play that is much more difficult to sustain.
By simply stating it lacking evidence, and therefor misdirection, the main weapon is many people focusing on one specific item.
By division of that focus, the sustained support for GME will flaunder and the price correction will set in.
How can that be of service? And to whom?
Goodluck!
Thank you for posting this! It’s exactly what will happen. Otherwise why would the same media that have been straight up lying to us try to “help” us out.
Thank you for pointing out the silver deal too on how hard it would be to achieve the same thing. GameStop is one thing, but the squeeze would have to be much bigger as I understand it
Here is some more information. Read carefully on the topic of Securities lending.
It is big business.
For those wanting a better understanding, read this first: https://www1.interactivebrokers.com/en/index.php?f=46942
Sounds good, right?
https://www.callan.com/blog-archive/securities-lending-101/
So, who is on the hook for what, exactly?
The collateral aims to protect the lender from borrower default and is typically required to be 102%-105% of the value of the borrowed security. On a daily basis, lending agents will mark-to-market to determine if the borrower needs to post additional collateral (“mark-up”) or if the lender must return collateral (“mark-down”) as the value of the borrowed security fluctuates.
So, if the hedgefund play would come to pass, and the stock GME would have decreased from $20 to $15 and I just loaned them my 20.000 shares at 20, meaning 400.000 for which collateral has to be given in the amount of $420.000, at 15 dollars, the collateral would represent 315.000, freeing up 105.000 for the hedgefund to play with.
However, the price went to: $300 and beyond.
do the math.