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Discussion in 'Happy Hour' started by Don Wassall, Jan 31, 2021.

  1. Don Wassall

    Don Wassall Administrator Staff Member

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    This Reddit group is shaking Wall Street and the oligarchy's financial system to the core. Now they're targeting silver:

    "Everyone Is Afraid Ahead Of The Open" - Reddit-Raiders Spark Nationwide Physical Silver Shortage
    https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver

    This is part of the ongoing populist revolt. If the oligarchy thought they had finished it off when Trump left the White House they're wrong. Death by a thousand cuts is the only feasible strategy to pursue, and small, hard to smother battlegrounds like this one will continue to pop up. . .

    Another article:

    The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash


    https://www.oftwominds.com/blogjan21/stocks-dead1-21.html
     
    Last edited: Jan 31, 2021
  2. white is right

    white is right Hall of Famer

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    Gamestop was bought regardless of the fundamentals and has gone from a small cap to a Fortune 500 price range and Hedge Funds have lost billions try to short this bubble. Quite a bit of the profits have been given back and some mom and pop investors will get destroyed similar to Bitcoins various bubble pops over the years.

    Why some hedge fund managers haven't done jail time for manipulating commodities and stocks over the years is a mystery to me. The SEC fining to jailing some of these a holes would set a message loud and clear about tanking sectors of the economy.
     
  3. Bucky

    Bucky Hall of Famer

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    Gotta love it. Elites getting mad at the little guy for using the same tactics they've always done to manipulate the markets
     
  4. Don Wassall

    Don Wassall Administrator Staff Member

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    I've always been dumb when it comes to understanding "shorts" and "longs" and the strategies involved, but all the articles during the past week about the populist uprising taking place has finally turned on the light bulb, at least a little bit.
     
    Last edited: Jan 31, 2021
  5. Freethinker

    Freethinker Hall of Famer

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    If anyone has a bit of money to throw around, I’d get some silver coins. For first timers, it’s as easy as bidding on EBay. If stocks are more your thing, look to SLV or AG (First Majestic Silver). There is a lot of momentum behind this and it’s almost guaranteed that the price is going up this week. Beyond that it’s hard to say but the upside is there for it to really break out and set all time highs.
     
  6. white is right

    white is right Hall of Famer

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    Funny you say this I had friend settle a small debt with a payment in silver coins a while back and have maybe 100 and something US worth of silver but I never was really into the precious metal because of the lack of preciousness.

    I recall a funny scene on Pawn Stars where a customer brought 100K in old junk silver(non rare or high grade coins) and he needed to bring it on a dolly and could have had an armed guard escort. If it was in gold it would have been maybe a book bags worth for 100K

    PS we talked about this before on another thread but silver has had recent history of being bet on before and it blew up in the face of one of the Hunt brothers(yes a brother of Lamar). He lost millions and paid fines and might have done time for his robber baron manipulation of the silver market.
     
  7. Riddlewire

    Riddlewire Master

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    Never trust any narrative that the mainstream media doesn't bother fighting against.
    If they say "The little guys stuck it to the rich elite", then don't believe it. Something else must have been going on.

    I haven't looked into Gamestop yet, but this AMC portion stinks like Moochelle Obongo's bicycle seat.
    Who actually profited from the runup on AMC? I'll give you two names:
    1. Hollywood. That one is obvious. They need theaters to still exist and AMC was definitely in danger of disappearing forever, which would have dominoed rapidly.
    2. Silver Lake Partners. A private equity fund. They made a huge investment in AMC in 2018. These recent events allowed them to dump their worthless stocks for cash and solidify AMC's financials for at least the rest of the year. Why does that matter? Because Silver Lake Partners was founded and run by the sleaziest of Deep State slimeballs. Clintonites, Zuckerbugs, people with close ties to our phony government.

    Keep your eyes open
     

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