Reddit #silversqueeze

Discussion in 'Silver' started by AustralianAustrian, Jan 31, 2021.

  1. STKR

    STKR Well-Known Member Silver Stacker

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    ABC Bullion are the biggest refiners in the Southern hemisphere. They will always have silver in storage but may be limited by Minting capacity.

    Last year they were only listing 1kg and 10oz bars on their website, on pre-order, until demand eased.
     
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  2. Millennial Engineer

    Millennial Engineer Active Member

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    Reddit WallstreetSilver Discussion on this.
    https://www.reddit.com/r/Wallstreet...g/slv_altered_its_prospectus_on_3rd_february/ They have 25.4k Members now.



    From Bullion Star who wote the Zero Hedge article:

    iShares Silver Trust (SLV) published a new Prospectus dated 08 February 2021. From the link on its website, this is a document saved as "slv20210203_s3asr_v1.docx", with a date of 03 February, the day after massive 3 day inflows into SLV. Suspicious timing on updated prospectus!

    Original Tweet: https://twitter.com/BullionStar/sta...its-london-slv-warns-limited-available-silver
     
  3. sammy

    sammy Active Member Silver Stacker

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    Pope Francis has officially stated that hell may not be real a year or two ago.
     
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  4. Jason1

    Jason1 Well-Known Member

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    he also spruiks the climate change agenda and a bunch of other woke agendas,
    he is about as catholic as my circumcised dick lol
     
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  5. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Hell exists Pope Francis.......it's an altar boy locked in a vestry.
     
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  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    A brokeback?
     
  7. alor

    alor Well-Known Member Silver Stacker

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    Black Rock makes the most from the last squeeze
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The real squeeze hasn't happened yet... It will come eventually when a state player starts buying up all the 1000 oz bars is leaked, then the mad scramble for 1000 bars will commence. Maybe the state buyer offers 10-15% premium for half a million bars. But before that, the price may still drop. That's the problem, timing.
     
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  9. crewy

    crewy Active Member

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    Which state player? Any details of expectations with the squeeze and silver supply issues moving forward?
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don’t have any info, Only speculation based on the fact silver is an important industrial metal. just need patience. Probably within next 1-2 years?
     
  11. alor

    alor Well-Known Member Silver Stacker

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    https://www.bullionstar.com/buy/product/gold-various-lbma-100g
    gold can go for spot 1 item :)
     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  13. alor

    alor Well-Known Member Silver Stacker

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    there were 74 bars since posted the link,
    no, silver all the way
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    they added another 30 bars when it was almost sold out.
     
  15. Millennial Engineer

    Millennial Engineer Active Member

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    They Have 29k Memembers now. Heading to 30k over the weekend.

    Someone posted a photo of 22 Monster Boxes of Maples (11,000) which they had just purchased. And Wisely deleted it. I have a screenshot of the photo.

    From memes and photos of what was just purchased, silver which people had there are getting to be more photos of graphs now considering the recent dip in the silver prices.
     
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  16. Millennial Engineer

    Millennial Engineer Active Member

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    Wall Street.jpg

    It Reached 30k members last night
     
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  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    its actually growing pretty damned fast.
     
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  18. Millennial Engineer

    Millennial Engineer Active Member

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    Yeah growth isn't viral but it looks consistent and organic enough 5%< of group members online at all time. I dont' keep track of Reddit so have no idea how fast reddit groups are supposed to go

    I checked Apmex last night all the Congo Gorilla Coins are sold out.
     
  19. heartastack

    heartastack Well-Known Member Silver Stacker

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    Like any exponential graph it will look like a steady flat line for a while (this is the accumulation phase - now is really the time to buy aggressively), then it will get steeper as noise gets louder then there will be a parabolic critical mass at which point exit strategy should be implemented
     
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  20. Millennial Engineer

    Millennial Engineer Active Member

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    Yeah it has all the ingredients to go exponential. Community understands physical vs paper silver price difference and are very supportive of each other. I think the Mods understand the physical vs paper silver price difference. Don't censor too much like other subreddits.
    From youtube It also has Chris Duane's blessings. Lots of photos of silver shield coins there.

    Lots of examination of the current prospectus change.

    Now the subreddit is more established now, if silver had the attention paid to it 3 weeks ago it might reach critical mass....

    Also Edit
    HappyHawaiian on Wall Street Bets, not Wall Street Silver
    https://www.reddit.com/r/wallstreet...silver_short_squeeze_is_glaringly_obvious_to/
     
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