It's an injustice that you have been on here for 10 years without a single like @AustralianAustrian ( fixed it for you ) Yes, I have got my popcorn and drinks ready for the fireworks starting tomorrow. I hope it doesn't turn out to be a dud fizzler Although, I am not sure how I would handle the $1000 per ounce silver, It will turn me into a multi millionaire with more money to spend than I would know how to. ( hope it does not unhinge my mind and send me off to the lunatic asylum, need to be careful what you wish for )
reddit just deleted he original #silversqueeze post, not sure why. here's the new thread https://www.reddit.com/r/Wallstreetsilver/
wallstreetbets removed it not reddit, from what ive read around there the admin thought it was thinning the money away from gme pump. the thing im seeing wrong with this silver pump idea, they cant make up their minds up as to which they are backing, Either SLV,PSLV, Ag stocks or hoarding bars of silver. That sort of indecision is a problem for them.
ah ok thanks. valid point about dilution, lets hope the messaging can get clearer. I noticed todays physical prices went up (while closed), also checkout the premium on 1 oz minted pamp https://www.abcbullion.com.au/store/silver
I haven't been on in years.... I hold everything I ever bought, despite some offers with good premium at times... So I laugh when I see the fed up people target hedge funds short positions, making several millionaires along the way. Of course many will lose what they put in, but mostly they know this, and it's more a statement than an investment strategy. Then robinhood bone them, stopping their ability to buy more, pushing up the price...... Well, this sort of thing is common when markets crash: I personally know a bloke, who Comsec should reimburse hundreds of thousands of dollars, as they 'were unable' to execute his sell order when he wrote it. It's not a one off, the big brokers look after the big players. Only a fool wouldn't believe this. So now, there's a crowd who are mobilized... and really pissed with the establishment... I'm not sure they understand, they could very well collapse the entire financial and world trade system: In weeks. So first things, first: Stupid hedge funds, got lazy and had wide open shorts that all the world could see. They got greedy and lazy, and paid the price. Now the banks have rooted around with fiat, and paper commodities, and shorts... and it's like the whole CDS thing in 2008, except this time it's real: The fed can print all it wants, but if the crowd keep hovering up the supply, the new $$$$$ don't solve that problem. I can't be alone in being freaked out about how serious this is: This could be it.
I too haven't been here for a while..... I hope the fat greedy pricks get taught a lesson. After the events of the last 12 months, so many have lost so much. But they've gained so much..... Hope they suffer. But we know they won't, because they'll just change the rules to suit themselves. Don't be too concerned, because the establishment won't change.
I noticed Ainsllie Bullion had their online sales offline for a while, when they came back online it was with an additional $3 an ounce premium on silver.
You're not alone - easy to see how the losses in theory could be infinite. This could well be the "black swan".
I can’t see how a small stocks and hedge funds that I never heard before this happened can be a systematic risk. Unless you mean the reverse black swan? Meaning everything melts up.
Apmex and some other dealers here in the States have stopped sales until the markets open tonight. They are expecting huge spot price increases I would guess. I'll be up early for premarket trading ready to jump on board with my brother and sister stackers supporting this movement. Who would have guessed....a tech revolution led by fat lazy American millenials. Shame on us for doubting them haha.
looks like physical is already drying up. Keeping an eye on Perth Mint website. https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Strangely, stocks were available on Sat. What happened on Sunday (US Sat night)? I am slow, need to settle for a bigger one. Usually, I prefer to get 1 or 2 kilobars but cheap ones sold out. Should have bought SLV last week.
Apmex is completely out of lower grade bullion and constitutional silver is totally gone. Only the highest price silver left now, graded and collector stuff and the nicest silver dollars. All secondary market type silver seems to have dried up. I havent checked other dealers but apmex is the biggest and usually has good stock.
Another old timer returning after a long hiatus. Great to see silver at 38 .. Going to enjoy watching to see how this all pans out ..
According to some, there will need to be liquidations to cover the $GME losses. Exits may get quickly crowded in e.g., ETF's. Just a theory, of course.
Looking forward to the Silver markets opening and the “Reddit” effect. Many retailers have either sold out and/or or pulling inventory to wait and see what happens with the Ag market. Going to be fun!!
