Wallstreetbets eye up SLV

[Oldun]

Wow, the algos crawling the internet for popular clickbait have even put this front page.

https://www.bbc.com/news

and the front of the business page

 

https://www.bbc.com/news/business-55882758

Edited February 1, 2021 by Oldun

[Altitudes]

Just looked at first two pages on WSB for silver mentions. Here's the only two threads I saw:

https://old.reddit.com/r/wallstreetbets/comments/l9gv98/citadel_is_the_5th_largest_owner_of_slv_its/

 

https://old.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/

 

Don't think this is going to have the same interest until GME has played out.

 

 

[Oldun]

For sure. As I mentioned earlier, no way a gaggle of individuals will beat Wall Street long term. If you get a win, take it and run before you get crushed. 

[Chronix]

Fake news on slv, so attention gets taken from GME AMC

 

[Oldun]

It doesn’t matter if it is fake news or not. Just stick with the charts. They dont lie.

[HighlandTiger]

I can see the panic in the GME guys, as everyone heads over to silver, their plans of world domination is crumbling. 

There are going to be some heavy losses for anyone who doesn't get out soon. 

[HighlandTiger]

4 hours ago, Oldun said:

For sure. As I mentioned earlier, no way a gaggle of individuals will beat Wall Street long term. If you get a win, take it and run before you get crushed. 

My opinion exactly. I said early last week by intention was to get in and out quickly with a bit of profit. Sadly I ended with a little loss as I got out as soon as I saw robinhood and 212 do the dirty. 

I'm now keeping out of it all, apart from anything happening with anything I currently own. 

[Coolsmp]

Oldun said: For sure. As I mentioned earlier, no way a gaggle of individuals will beat Wall Street long term. If you get a win, take it and run before you get crushed. 

21 minutes ago, HighlandTiger said:

 intention was to get in and out quickly with a bit of profit. 

Guerilla warfare at its best

[HighlandTiger]

Just now, Coolsmp said:

Oldun said: For sure. As I mentioned earlier, no way a gaggle of individuals will beat Wall Street long term. If you get a win, take it and run before you get crushed. 

Guerilla warfare at its best

I see you've been busy on the freetrade forum 😏

[Coolsmp]

3 minutes ago, HighlandTiger said:

I see you've been busy on the freetrade forum 😏

Haha yes. My second favourite place to hang out after the Silver Forum. Always good to diversify your portfolio from precious metals

[HighlandTiger]

Just now, Coolsmp said:

Haha yes. My second favourite place to hang out after the Silver Forum. Always good to diversify your portfolio from precious metals

Yeah, I've been dipping my toe into the scene there in the last few weeks. 

[Thelonerangershorse]

And so it begins...

https://www.bbc.co.uk/news/business-55882758

 

[CatStudent]

On 28/01/2021 at 07:13, CollectForFun said:

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

I agree, I would have preferred a more stable grow during next months caused by all the printing in course.

But maybe this "distributed manipulation" (aka bubble) can break the farce of paper silver and accelerate what would had been a natural movement.

[HelpingHands]

If we get new members joining to sell in the trade section remember to keep your head.

Set any hype aside as you dont want to end up with fakes or other scams.

[Tn21]

22 minutes ago, HelpingHands said:

If we get new members joining to sell in the trade section remember to keep your head.

Set any hype aside as you dont want to end up with fakes or other scams.

Have you seen an influx of new members over this weekend ?

[Oldun]

44 minutes ago, HelpingHands said:

If we get new members joining to sell in the trade section remember to keep your head.

Set any hype aside as you dont want to end up with fakes or other scams.

@BackyardBullion might get busier as an intermediary !

[HelpingHands]

35 minutes ago, Tn21 said:

Have you seen an influx of new members over this weekend ?

26 yesterday but I only really notice if they post so Im not sure what's normal from the past.

 

[Prophecy]

Bullion Vault just went down... then reappeared with this:

https://www.bullionvault.com/info/silver-short-squeeze

It appears they are being inundated in some form or another.

[SilverDrum]

24 minutes ago, Prophecy said:

Bullion Vault just went down... then reappeared with this:

https://www.bullionvault.com/info/silver-short-squeeze

It appears they are being inundated in some form or another.

Points three and four are interesting to read.

[BackyardBullion]

The SLV pre-market is hovering around $27.30/oz right now. I would have expected this to be higher all things considered. 

https://www.marketwatch.com/investing/fund/slv

[Spark268]

I'm glad I pulled my eBay auction yday, my hand was literally getting bitten off

[very452001]

Is silver market manipulated and heavily shorted and how does these issues compare to gold?

What is the marketcap of physical silver and the marketcap of iou paper derivative silver?

Can wallstreetbets really take silver to the moon like they did with game and if so can robinhood or trading212 stop buying of it?

 

Finally physical silver bullion dealers, are dealers obliged to sell real physical silver at whatever price wallstreetbets manage to pump up to and are they obliged to buy back physical silver at these high pumped prices or will they wait out this wallstreetbets frenzy is over then buy back?

[Mox]

How long till we get to the moon? I will need a wee soon so can we stop at the motorway services?

[BackyardBullion]

1 minute ago, very452001 said:

Is silver market manipulated and heavily shorted and how does these issues compare to gold?

What is the marketcap of physical silver and the marketcap of iou paper derivative silver?

Can wallstreetbets really take silver to the moon like they did with game and if so can robinhood or trading212 stop buying of it?

 

Finally physical silver bullion dealers, are dealers obliged to sell real physical silver at whatever price wallstreetbets manage to pump up to and are they obliged to buy back physical silver at these high pumped prices or will they wait out this wallstreetbets frenzy is over then buy back?

Silver is a giant market compared to a stock. 

It is manipulated to a degree, yes. 

It cannot be manipulated by a group of individuals. 

They will not take it to the moon, I can all but guarantee that. 

Dealers are businesses, they are not obliged to buy or sell at any price at any time. They work by buying at a certain price and selling it very quickly afterwards. 

Dealers have and will increase premiums on their silver to compensate for small movements in markets. Buying from Joe Public at spot and then charging 20% over spot for sales. 

[Connor]