What an effective demoralization plan it would be to have trump play the part of someone wanting to save America, so we would all feel represented and taken care of even while his own party helped demolish our civil rights before our eyes, only to have him hand over the keys to someone he knows full well is a cheat and in the pocket of the most brutal regime since the Nazis, and probably worse.
Theres apparently so much sitting around in the form of jewelry and SILVERWARE that they can buy back and melt down if the price were at risk of spiking. It isnt, at least not anywhere near on par with the 10x, 100x, 1000x. Even seeing a 4x increase would be a near miracle.
Dont get me wrong... Stack physical gold and silver and platinum as you can. Its all gonna go up. Its just not a short squeeze.
A coup in Burma, military or otherwise... Is like two hyenas fighting over a piece of rotten meat. That place has been under military control more often than not since the 60s, and enforced a socialist regime at one point.
Thats exactly what it is. Dont get me wrong, silver has been suppressed through shorting and is a good long term play in my opinion, but its NOT going to be causing anything resembling what we saw with gme. Melvin likely covered much of their positions in the manipulated drops caused by trading halts, and the rise after. If they know when a fall and rise will happen... Because their owners/parent company are orchestrating it.. They can cover. The reason this is all incredible is because normally theyd never be so blatant with the manipulation. Normally it would be subtle and much of it algorithmic. But this time they were caught with their hand in the cookie jar and got desperate to avoid rapid insolvency and worse, so they just made a hail Mary play out in the open. Their buddies in media and congress ran defense.. And it looks like theyre gonna get away with all of it.
Where are people hearing this crap? It is not possible to short squeeze silver, there is a massive supply to draw from, so it isnt naked shorted by more shares than exist, which is what makes GME possible. Beyond that, institutions have been switching from short to long on silver for at least a month. Buy physical silver or gold, but dont expect a short squeeze. This is a distraction.
I am elated to see hedge funds get squeezed, but your "rich elite hedge fund managers" is incomplete. Mom and pop investors can short too, and do. The unfortunate side effect is that any mom and pop investor who is playing with their retirement funds in the market will be totally fucked if they shorted gamestop based on investment managers advice. That doesnt mean I dont want this retribution against hedge funds to continue, but its more honest to also note that the fallout for some normal folks exists.
Nothing has made sense for the past 5 years.