Wallstreetbets eye up SLV

[Arganto]

Having already annoyed the big boys with the GameSpot stuff...

[Arganto]

https://www.rebelnews.com/gamestop_stock_soars_as_reddit_investing_community_trolls_wall_street

Link to their last escapade in case you missed the news

[Altitudes]

Don't think this will be as easy to squeeze as GME was, but definitely could see more interest in it, especially after the GME event is over.

[Drawga]

Good time to buy soon? or will it Jump up? double bluff?...I know nothing

[CollectForFun]

But what else is this than another manipulation? Definitely not normal and healthy market development.

[Spark268]

now would be the time to short Gamestop with some drinking money

[motorbikez]

Reddit - wallstreetbets - THE BIGGEST SHORT SQUEEZE IN THE WORLD $SLV Silver 25$ to 1000$.

 

Good luck to them if they do go for SLV, the likes of Morgan Stanley & other bullion banks that have been taking the p--s for years are now crying. They don't like it when some group has the audacity to take the fight to them lol.

[Paul]

Max Keiser tried to sort it back in 201-2011 "buy silver crash JPM morgan" get silver to $50-$100

Not even a dint made, just riding momentum

Now all the perfect qualities of silver & moon shot prices he professed are gone now he is firmly on the Bitcoin bus

Another two faced ex-wall streeter

[Arganto]

2 hours ago, CollectForFun said:

But what else is this than another manipulation? Definitely not normal and healthy market development.

If it works to expose the corruption to a wider audience then it should be a net positive to those who have the real thing in hand. Who knows what will happen, to me it feels like it's all wrapped up in the anti establishment movement overall. Like the arrows in the opening credits of Dad's Army; each one coming from a different angle of attack but ultimately aiming for the same outcome.

Sure, a lot of the wallstreetbets dudes will be doing it for the Pepe meme opportunites and also just to profit, but it all adds to the crowd standing behind the cultural battering ram. 

The issue is the big nobs have had a very long time to fortify their ramparts...

[Arganto]

Looks like the commies on Reddit have taken action... I'm surprised anything like that still exists on there to be honest. Presumably they'll still be operating privately and maybe will diversify into other platforms.

[motorbikez]

Reddit boys are maybe having a bit of fun with First Majestic silver on the Canadian market up 40% in pre market trading lol.

AG Stock Price | First Majestic Silver Corp. Stock Quote (U.S.: NYSE) | MarketWatch

[SilverTanner]

I've only got $100 cash in my eToro account 😠

[Arganto]

If it does work (spot at £19.17 right now) and soars it likely won't stay there long, I wonder if it will directly affect the physical market enough to tempt people to cash in that physical silver? Time for a swap into gold maybe...🤣

 

[Dragonnumis]

[Paul]

SLV up nearly a quid and half ! wow 

[Stwills]

Nearly a 6% move to the upside in an hour is pretty impressive for Silver!!!

 

[motorbikez]

I'm watching live on L2 & First Majestic Silver is currently 35% up on yesterday. Our own silver plays HOC & FRES are also flying although a mere 8% or so ,probably more to do with silver moving rapidly up today.

 

I'd like to see the reddit boys get behind HOC & FRES but whatever they are certainly stirring things up for the likes of JPM.

[Stwills]

That is some volume!

F3325219-BAD4-4977-927B-6AD248252886_1_201_a.heic

[Stwills]

23 minutes ago, motorbikez said:

I'm watching live on L2 & First Majestic Silver is currently 35% up on yesterday. Our own silver plays HOC & FRES are also flying although a mere 8% or so ,probably more to do with silver moving rapidly up today.

 

I'd like to see the reddit boys get behind HOC & FRES but whatever they are certainly stirring things up for the likes of JPM.

First Majestic Silver Corp

Thu, January 28, 2021, 2:52 PM

 

 

 

 

VANCOUVER, British Columbia, Jan. 28, 2021 (GLOBE NEWSWIRE) -- At the request of IIROC ("Investment Industry Regulatory Organization of Canada"), First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company") wishes to confirm that it is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and level of trading volume of its ordinary shares.

[Paul]

can these Reddit chaps get behind ticker symbol "3GRACES" and pump the price ten-fold to while they are at it  

[sovereignsteve]

Trading in Gamestop severly restricted. Big boys rattled.

[motorbikez]

14 minutes ago, Stwills said:

First Majestic Silver Corp

Thu, January 28, 2021, 2:52 PM

 

 

 

 

VANCOUVER, British Columbia, Jan. 28, 2021 (GLOBE NEWSWIRE) -- At the request of IIROC ("Investment Industry Regulatory Organization of Canada"), First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company") wishes to confirm that it is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and level of trading volume of its ordinary shares.

Lol  First Majestic are currently up 30%  IIROC must be retards like most regulators around the world to believe that, Keith Neumeyer is one of the sharpest guys in the silver mining game lol all power to him & good luck.

[KRO]

Interesting market impact from FX Street, 

 

Potential market impact

As far as this silver "short-squeeze" goes, it is still very early days, with spot prices still well within recent ranges. However, in the admittedly unlikely scenario that silver did see a "real" short-squeeze (i.e. if silver surged 100% to fresh all-time highs), this could impact currency markets by undermining confidence in the fiat-based monetary system. As most people are aware, most major developed market central bank’s target inflation of about 2% per annum and, amid the shock of the pandemic which compounded pre-existing deflationary forces (such as globalisation, aging populations and technological innovation), central bank have been finding it increasingly difficult to meet their 2% inflation targets. As a result, central banks have turned to increasingly unorthodox methods of attempting to boost inflation, such as quantitative easing, which is essentially the creation of new money out of thin air to buy government (and bank and corporate) debt, in order to artificially suppress interest rates and thus spur economic activity.

A key problem with such policies is that many fear that expansion of the money supply in such a way will boost inflation. Given that precious metals are seen as a hedge against inflation, any massive surge in precious metal prices might be seen as an early omen for an incoming surge in inflation. This would undermine confidence in fiat currencies across the globe, and the various winners and losers might be difficult to predict but given the fact that it is the global reserve currency, it would seem likely that the USD would have the most to lose from any precious metal price surge-induced loss of confidence in fiat currencies.

 

[Silverscrooge]

I have been stacking for twenty years waiting for this time...its happening finally.

[craig12]

feeding frenzy over  back under £19