I was under the impression that WSB was not advising people to buy GME at 200, but were saying not to sell until the squeeze is squoze. I think GME at 200 is unreasonable and the shorts are correct. I also think the shorts are breaking laws and GME highlights this very visibly. Silver short squeeze is orthogonal to the GME squeeze.
I'm not partaking in the short squeeze, so I don't know the exact battleplan. My point was that yesterday the top posts on r/all were to keep focusing on GME and leave the silver be, since that was a trap to save the hedgefonds, many of which own silver.
I see. I am certainly not saying drop GME and buy silver right now, I am saying silver is shiny and people love it, plus it has industrial uses and actually vanishes unlike gold. Plus there is zero liquidity on the London silver bullion markets, and they are short 100 million ounces. It is basically the same as GME but on a global scale.
I was under the impression that WSB was not advising people to buy GME at 200, but were saying not to sell until the squeeze is squoze. I think GME at 200 is unreasonable and the shorts are correct. I also think the shorts are breaking laws and GME highlights this very visibly. Silver short squeeze is orthogonal to the GME squeeze.
I'm not partaking in the short squeeze, so I don't know the exact battleplan. My point was that yesterday the top posts on r/all were to keep focusing on GME and leave the silver be, since that was a trap to save the hedgefonds, many of which own silver.
I see. I am certainly not saying drop GME and buy silver right now, I am saying silver is shiny and people love it, plus it has industrial uses and actually vanishes unlike gold. Plus there is zero liquidity on the London silver bullion markets, and they are short 100 million ounces. It is basically the same as GME but on a global scale.