Wallstreetbets eye up SLV

[Paul]

[Green]

On 28/01/2021 at 03:06, Liam84 said:

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...

Well how much alleged physical silver is out there? Not just $SLV but total kilos of bullion? How much sway could 4 million redditors exert on it especially after/during their forays into $GME $AMC $BB $BBBY etc

[MancunianStacker]

SLV is a paper ETF it may have some physical to put into its key facts documents but it is not fully aollcated and backed unlike Sprott’s ETF “PSLV”. SLV and others had around 200 people claiming the same oz of silver 4 years ago when I last checked 😂

If you’re going to go long on an ETF, PSLV is Canadian (no USA interference), and is a physical Silver Trust with the Canadian Mint as Custodian. A nice way to own physical within your ISA or SIPP (pension). I’ll be buying tomorrow at some point.

[MrB]

If the spot price of silver hit $1000 an oz, where would you sell?

I don't see the market for physical silver being liquid enough to absorb those prices if it ever happened. Everybody and his dog would probably be trying to dispose of their stack (unless the great reset really was around the corner). 

This kind of market distortion would be difficult to navigate. Just look at what happened with oil when it went negative. 

[MancunianStacker]

2 minutes ago, MrB said:

If the spot price of silver hit $1000 an oz, where would you sell?

I don't see the market for physical silver being liquid enough to absorb those prices if it ever happened. Everybody and his dog would probably be trying to dispose of their stack (unless the great reset really was around the corner). 

This kind of market distortion would be difficult to navigate. Just look at what happened with oil when it went negative. 

Why would you want to sell? At $1,000 an oz the $ would be practically dead and you’d most likely be waiting for the new global currency to float post a global reset. Gold would automatically adjust higher and a new global reserve currency would need to be renegotiated. At that point $1,000 an oz could look cheap.

Just like GME hold then buy some more!

[sovereignsteve]

1 hour ago, HighlandTiger said:

The only problem I see with this scenario, is that if the reddit guys succeed in their plans of bringing down hedge funds and banks, then the already fecked economy is going to get an even bigger hit. The stock market crashes as everyone sells their long positions to cover their shorts, the economy crashes, inflation rises, unemployment rises, austerity goes back on the table, peoples pension pots decrease massively, and we're all screwed.

Whilst the reddit lemmings are thinking they are sticking it to the man, they are actually in danger of destroying their own lives.

The only hope on the horizon, is that all these bored people sitting at home isolating, pretending to be day traders, will eventually go back to work and p!ssing their wages away down the pub/bookies/casino, instead of the SM, or they lose all their cash because they weren't quick enough to sell at a profit.

Being part of a massive group sticking it to the government, is all well and good but you have to live with your actions afterwards.

By trying to see the bigger picture, I'm now, hoping that the reddit craze gets stomped on and crushed by the big guys,......The damage they could cause is just not worth it. 

Your scenario is probably inevitable at some point and is just waiting for the right catalyst. This could be it but I doubt it. Somehow the can will get kicked down the road again.

 

[MancunianStacker]

21 minutes ago, Green said:

Well how much alleged physical silver is out there? Not just $SLV but total kilos of bullion? How much sway could 4 million redditors exert on it especially after/during their forays into $GME $AMC $BB $BBBY etc

At some point the paper versus physical price of an oz of silver would disconnect. It’s not the same now and when demand picks up the difference will widen making the paper price look stupid. 

[silenceissilver]

1 hour ago, HighlandTiger said:

The only problem I see with this scenario, is that if the reddit guys succeed in their plans of bringing down hedge funds and banks, then the already fecked economy is going to get an even bigger hit. The stock market crashes as everyone sells their long positions to cover their shorts, the economy crashes, inflation rises, unemployment rises, austerity goes back on the table, peoples pension pots decrease massively, and we're all screwed.

Whilst the reddit lemmings are thinking they are sticking it to the man, they are actually in danger of destroying their own lives.

The only hope on the horizon, is that all these bored people sitting at home isolating, pretending to be day traders, will eventually go back to work and p!ssing their wages away down the pub/bookies/casino, instead of the SM, or they lose all their cash because they weren't quick enough to sell at a profit.

Being part of a massive group sticking it to the government, is all well and good but you have to live with your actions afterwards.

By trying to see the bigger picture, I'm now, hoping that the reddit craze gets stomped on and crushed by the big guys,......The damage they could cause is just not worth it. 

Of course the economy will crash and anything could be the black swan event, also this. So don't blame them for potentially triggering it. As a matter of fact when it crashes I would rather have it been triggered not by the powers that shouldn't be as they would, in this case, have most control over what would happen next. And next will be the battle between socialism and freedom. The powers that be will try to use it as catalyst for their so called Great Reset (which would rather be a transformation after a reset).  Maybe this whole thing is a false flag in order to be able to blame very evil white supremacist Nazis Trump supporters for the fiat crash, in the first place. I don't think that's very likely the case at all but neither can one just take the predominant narrative as if it was an established fact.

Edited January 31, 2021 by silenceissilver

[SilverDrum]

2 hours ago, HighlandTiger said:

Whilst the reddit lemmings are thinking they are sticking it to the man, they are actually in danger of destroying their own lives.

The alternative is to carry on investing in a system that is clearly rigged? This has reached far greater than "Reddit", this is the general public now. 

[Paul]

The power of "the great unwashed" to ruin your online reputation and business : ROBINHOOD

https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en_GB&gl=US&showAllReviews=true

Now downgraded to a 1star app for stock and shares in Googleplay store

Page after page after page of 1 star reviews, venting and fuming

The moves to appease the 'few' at the top, the trickle down affect of this on Robinhood might ultimately fail them as a company & bring about their demise.

No doubt a campaign is in the offing to topple RobinHood soon in revenge tactics 

[sixgun]

2 hours ago, motorbikez said:

You have hit the nail on the head here, the bullion banks will be wiped out if the reddit guys etc succeed.

Very doubtful the bullion banks will be wiped out by this. These banks have been operating under the cover of official sanction for years. They breach limits time and time again. They could not do this unless they were given the nod. They act as agents for the BIS and central banks. Their shortfalls will be cancelled out with a keystroke by the Fed.  
i had a prolonged discussion a couple years ago with a member here about who owns the Fed. He couldn't accept the Federal Reserve is a private bank - it is owned by private banks. As members will no doubt have heard the statement - The Federal Reserve is no more federal than Federal Express. One tentacle of the parasitic squid will tell the other to push the key and zero out the negative entries.

[sixgun]

2 hours ago, HighlandTiger said:

The only problem I see with this scenario, is that if the reddit guys succeed in their plans of bringing down hedge funds and banks, then the already fecked economy is going to get an even bigger hit.

The Western Empire has been circling the drain for decades. Two world wars saw to that. Nixon coming off the gold standard was the signal things were well underway. It died in 2008. The corpse has been rotting since but the controlled media told us it was 'recovering'. There was no recovery.
A bunch of kids on Reddit are not the reason for anything other than pointing out there is something wrong when 140% of the stock in a company is sold short. There is something wrong when gold and silver are rehypothecated 100's of times. i call it fraud and criminal but the powers that should not be give it the green light. 
Prepare as best can for the full fiat collapse. i expected this a few years back and like a stopped clock i am right sometimes - i suspect i'm going to be right this time.  

Edited January 31, 2021 by sixgun

[Chrissyblards1]

1 hour ago, CollectForFun said:

I am curious to see how this develops, but I am not sure what effect massive buying of ETF will have. As far as I know, with ETFs backed by physical holding it works like this: if you buy an ETF unit, this does not cause ETF manager to immediately purchase additional unit of physical. By buying an ETF unit, you only purchase the right for existing underlying physical from the previous holder of the same ETF unit. So volume of underlying physical stays the same.

Additional units of physical are purchased only if additional ETF units are "created". This creation is done via participating banks - they deliver physical to the ETF manager and for that they receive new ETF units which they can sell on the market. So if there is real shortage of physical, no new ETF units will be created and ETF holders' share of the total physical volume will not increase.

The above is of course to some extent simplified so anything could happen. E.g. what if the physical delivered previously by banks to ETF was in fact sold short?

Almost Sounds like a Ponzi scheme. 😁

[motorbikez]

13 minutes ago, sixgun said:

Very doubtful the bullion banks will be wiped out by this. These banks have been operating under the cover of official sanction for years. They breach limits time and time again. They could not do this unless they were given the nod. They act as agents for the BIS and central banks. Their shortfalls will be cancelled out with a keystroke by the Fed.  
 

I agree with you, I said if they succeed, I don't believe they will, but they a bringing to the attention of the general public by the power of the internet what is going on in silver & PMs.

IMHO what the reddit crowd are doing will make the bullion banks think a little bit more about how they operate. Writing naked shorts IMHO is ridiculous & corrupt.

[Roy]

At least it's drawn our attention away from Covid-19.

[Groundup]

1 hour ago, Paul said:

Careful listening to Andrew Maguire he has been a "collapse is only around the corner" for over x10+ years now since i listened to him first on King World News. He WILL be right one day and it will be I TOLD YOU SO.

A stopped clock is still right twice a day, which is more than Mr Maguire has been  

It's better to be 10 years early than a second too late... I also read the KWN.... silver doctors.... Wealth Watchman... Silverbear cafe...ect.ect. yes Andrew Maguire is out on timeline but who here times the market correctly. The main thing is we were in and stacking and learning.

[motorbikez]

6 minutes ago, Roy said:

At least it's drawn our attention away from Covid-19.

Roy I've zero interest in hearing anything about covid.

[Cornishfarmer]

@LawrenceChard you will have as much insight as anyone on this.     Have physical sales taken off this weekend?    If silver does skyrocket will you be paying what you are now or will you hold off until it settles.

personally I can see it going up but not as big as game because the market in silver is too big world wide with too many holding where as with the shares it’s easier to do.   Don’t get me wrong I think silver is manipulated and not where it should be but can’t see it going to the moon..... As much as I would like it to.        Next question.  Who will buy when we want to sell?

@ChrisSilver any upsurge in members in the last week?

[sixgun]

You can see new members as they join here
https://www.thesilverforum.com/search/?type=core_members&joinedDate=any&sortby=joined&sortdirection=desc

[sixgun]

28 minutes ago, Roy said:

At least it's drawn our attention away from Covid-19.

Is that another one of your crazy conspiracy theories Roy?

[earlofyorkshire]

Trending on Twitter

[Oldun]

Not a snowball chance in hell in the ordinary investor short squeezing silver without some serious seed capital to get to the bullion banks. The plebs will need some serious moolah beyond the odd millionaire going along for the ride to short squeeze the bullion banks and be able to make it stick.

Edited January 31, 2021 by Oldun

[Oldun]

1 hour ago, sixgun said:

The Western Empire has been circling the drain for decades. Two world wars saw to that. Nixon coming off the gold standard was the signal things were well underway. It died in 2008. The corpse has been rotting since but the controlled media told us it was 'recovering'. There was no recovery.
A bunch of kids on Reddit are not the reason for anything other than pointing out there is something wrong when 140% of the stock in a company is sold short. There is something wrong when gold and silver are rehypothecated 100's of times. i call it fraud and criminal but the powers that should not be give it the green light. 
Prepare as best can for the full fiat collapse. i expected this a few years back and like a stopped clock i am right sometimes - i suspect i'm going to be right this time.  

Captain hindsight. No beef but nothing posters here  aren’t already aware of

Edited January 31, 2021 by Oldun

[silenceissilver]

1 hour ago, sixgun said:

i call it fraud and criminal but the powers that should not be give it the green light. 

This wording could also be seen as a demand for more regulation. Just to anyone who might read it that way - we have too many regulations, not too few. It's the original green light that's the problem - the green light to print money as a cartel which actually means there is a red light for anyone else to offer money (e.g. gold backed) which really is the problem.

[sixgun]

24 minutes ago, Oldun said:

Not a snowball chance in hell in the ordinary investor short squeezing silver without some serious seed capital to get to the bullion banks. The plebs will need some serious moolah beyond the odd millionaire going along for the ride to short squeeze the bullion banks and be able to make it stick.

i hear there is 10 million of them in this Reddit group. A $1000 a piece would be $10 billion in firepower. 
The silver market would be blown out of the water if they aim at the right targets.
The problem is they have landed on SLV.
 

 

Edited January 31, 2021 by sixgun