Drawga

A short squeeze is the opposite of a market crash (where everyone tries to sell stocks that they hold at the same- long squeeze if you will). In a short squeeze, everyone is trying to buy back the stock they've sold earlier, usually all at the same time. Remember that, in a short trade, you've already sold shares (that you have borrowed), with the hope of buying them back at a lower price later.
The potential losses in a crash are just the money you put in, but in a short squeeze, your potential losses could be infinite (the share price can keep going up). Because of this, everyone panics and buys at the same time, driving the share price to extreme highs. 
short squeezes happen quite often, although not as spectacular as with Gamestop - the guys over at Reddit have joined in the buying frenzy to make things worse. People at Robinhood are complaining that they cannot buy any more Gamestop, but hindsight will tell them its for their own good ;0)
Aside from silver, there are a lot of stocks in the UK which are long overdue short squeezes. Royal mail was shorted heavily, until Covid hit, and its share price has more than doubled since.
as an aside: Some ETFs and some of the 'cheaper' brokers in the US and over here can sometimes lend the stocks **you** hold to people are shorting. In return they give the broker cash + interest. Those interest payments are then used to subsidise the cheap broking service, with the cash used as a security deposit - in case the short seller does not come back with the stocks they've borrowed.
I dont know if the SLV and GLD ETFs engage in this, but i wouldnt be surprised !

https://twitter.com/TheLastDegree
https://goldsilver.com/blog/first-gamestop-next-silver/
Basically, we know the large banks are heavily short silver on the Comex futures market, as much as 250 times the amount of silver available for delivery.  If enough people purchase physical silver directly from dealers and mints, or via ETFs (PHAG in the UK, PSLV elewhere) then the Comex can be drained quickly forcing bullion banks to close their shorts.  This is a huge deal and could see physical silvers shortages appear very quickly globally.
 

This will be brilliant if the Reddit WallStreetBets lot get on this 

😂

Only the physical markets will take down the paper markets. Silver is the Achilles heel b/c it is such a small market and effects the gold market - the ultimate real money market. It is small enough for this Reddit group to attack and potentially 'win'.
SLV often alleges additions to its inventory which are physically impossible - b/c the amounts it claims to add aren't physically available. It achieves the impossible b/c these aren't additions of physical, they are silver certificates - paper. Only by removing physical from their system can that system be collapsed. If all these Reddit people bought physical, then physical would go unobtainium, other than at much higher prices. 
The paper scheme must have just enough physical at something like the paper prices. With a run on physical it doesn't have enough physical at something like the paper price and they lose control.
i am not sure i am ready for this - i would like to amass some more at something like today's prices.

Despite being on the internet since the 14.4K days I didn't get involved in the memewars/Gamergate as they hit their peaks, it didn't interest me and seemed like a 'detached from real life' affair. I'm starting to see the power of such things when there's a 'fight' to be had over a collective cause. This is turning out to be very interesting...
 

If you’ve the time watch the movie The  Big Short or even better The Wolf of Wall Street. They can help explain 

these chaps are making some funny points
 

Where’s @Wonger calling 400 gold, 🤔

these chaps are making some funny points
 

I have consulted my 50% accurate, leading market research tool to decide on market sentiment
 
Its ma lucky penny 
“You need to call it. I can’t call it for you. It wouldn’t be fair. It wouldn’t even be right.”
 

Some modest buys. At the tail end of a 5 week month that included xmas. Still got to scratch the itch though...

Finally got round to picking up a 2019 oriental. They sit well in a repurposed case.

And these spotless 2012 dragons. The half and the full ounce. At £36 the pair from a local guy I couldn't not buy them.
Itch scratched. Only days until payday again...

Sorry just posted somehting in the silver thread, not gold.

3 in stock at
https://bullionexchanges.com/1-oz-gold-john-wick-continental-round

Call it "One Grace" clag it in a plastic coffin mark it up 500% sure Winner Winner, Chicken Dinner !

For those that have seen the John Wick movies, bar this website https://www.apmex.com/product/193803/john-wick-1-oz-gold-continental-coin
Is anyone aware of anywhere else selling it. I know you can get it in silver aswell, but I for one would prefer the GOLD version.

 
 
I've seen a couple of youtube videos speculating on the mintage, and the actual value of it within that fictional movie universe.
Which peaked my intrest for getting one of these coins because . . . it looks smart and has latin on it haha.
Dont mess with another mans stack...or puppy

Its a lot to do with the Dollar, inflation & bonds and stuff (I dont pretend to understand this).

Janet Yellen did a stimulus speech. money printing = further devaluation of the dollar & also increase inflation. 
Bitcoin is not looking great if you ask me. Savvy investors are extracting profits & buying safer assets. 
Looking at the charts gold usually does this around now & starts to rally Feb, so its also market driven, especially with industrial metals. 

A president gets let in with 20,000 troops deployed - thats is very suspicious if you ask me & makes the future worrisome!
Especially as the mainstream media are talking about a civil war & civil unrest is possibly being encouraged. 

I have looked at a lot of videos this morning & EVERY analyst is literally creaming themselves - saying there will be a huge upside coming. And the potential of an S&P crash. 
I knew that anyway as the fundamentals have not changed, but I have to say i got a little shaken Monday and pulled out a 30% to reinvest if it plummeted, with little loss. 

I have one question, why are there so many sales of gold on this forum this week as its not dropped through any major levels??
Surely there is not much profit at the moment? I have personally sold some gold and platinum, but only to buy mining stocks as the upside is better. 

Because more people are buying or panic selling or another reason?? VAT and brexit on silver for example. Im confused?
 
 

I always seem to use the BBP chart aswell, got Kitco on my phone, but prefer BBP chart.
Anyway did the price shoot up because of Biden? (cue The Imperial March Star Wars theme... by the looks of WDC)

£1342 was the moment Trump departed on Marine One 
£1370 was the moment before Joe Bidens Inauguration 👍

1,375 is the price to see as it might go to the upside. 

It did not hit 1340, which is a very good sign as that was the level I was looking for. 
That dip was just the Comex opening. Manipulation / sales so i don't pay any attention to that. 
It a good time to buy stocks though 😛

Also depends what happens today with the Biden thing. 
Janet Yellen did a speech about the stimulus yesterday, thats helps in some way. 

 

I’ll be buying gold the week after next - so I’ll guarantee it jumping back up to £1,400🤨

Same rules as be frightened when people get greedy, when the mouths start saying to sell gold then you buy, when they say to buy then you sell, if your just growing and never selling then ignore it all and wait for a fall to buy more...dont get lost in a forest of imaginary trees.

"Take our free money, but you have to have a vaccine". 
If not join the job line & suffer. 
Its against human rights (in some way), but I can see this happening. 

From a stock point of view its punched below the $1850 resistance, which can cause all sorts of problems, especially in the paper price. 
I have been looking though all the charts and it always seems to do that (most years anyway) around now. Fabulous buying opportunity considering. 
I dont know who said you cant time a market, but its actually quite predictable when it comes to metals.