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[Dave DaButcher]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

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No. If you have been following the latest history on Silver, it is actually a GME like play but for HEDGE FUNDS trying to squeeze bullion banks.They have been trying to do this the past few years. If they succeed, the gains will be astronomical.

They are doing exactly what WSB is doing to them but on a more massive scale.

If you think about it, we are in this game to make money, trying to stick it to them is nice and symbolic, but people need to put emotions away and do what is best for their wallet. Hedge funds aren't the enemies, it's the Fed and banking system that created this trashy system to begin with. Hedge funds are just a monstrosity created by them.

Worth also noting that SLV is a very small percentage of Citadel’s holdings, less than 1%.

More importantly, Silver has a strong fundamental thesis as the metal is very cheap, while also experiencing accelerating and strong fundamental demand.

Both Silver and Gold are hedges to the enormous fiscal and monetary spending that should drive a lower dollar and higher inflation. Silver is also trading at an historically wide discount to Gold.

And Silver has considerable industrial demand, as it’s used in solar panels, LCDs and a wide range of electronics.

So, beyond any squeeze potential, Silver may merit a long position. Just my 2 cents.

[Stannis]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

Sent from my SM-G960W using RealGM mobile app

No. If you have been following the latest history on Silver, it is actually a GME like play but for HEDGE FUNDS trying to squeeze bullion banks.They have been trying to do this the past few years. If they succeed, the gains will be astronomical.

They are doing exactly what WSB is doing to them but on a more massive scale.

If you think about it, we are in this game to make money, trying to stick it to them is nice and symbolic, but people need to put emotions away and do what is best for their wallet. Hedge funds aren't the enemies, it's the Fed and banking system that created this trashy system to begin with. Hedge funds are just a monstrosity created by them.

Worth also noting that SLV is a very small percentage of Citadel’s holdings, less than 1%.

More importantly, Silver has a strong fundamental thesis as the metal is very cheap, while also experiencing accelerating and strong fundamental demand.

Both Silver and Gold are hedges to the enormous fiscal and monetary spending that should drive a lower dollar and higher inflation. Silver is also trading at an historically wide discount to Gold.

And Silver has considerable industrial demand, as it’s used in solar panels, LCDs and a wide range of electronics.

So, beyond any squeeze potential, Silver may merit a long position. Just my 2 cents.

I bought silver a few months ago. I was going to buy gold as well, but just went full silver. Mostly because the demand for solar panels, which I still don't think has been valued in yet.

[Grinditout]

Slaughter on GME today, ladder attacks and such. Low volume though which is a positive for the reddit crowd to hang on to.

[bringbackhoffa]

What do you think of this conspiracy. Seems a bit far fetched but then again how do you make something like this up.

https://www.reddit.com/user/bcRIPster/comments/labq6u/follow_the_crumbs_gme_exposed_the_meta/

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[knickabocker88]

Slaughter on GME today, ladder attacks and such. Low volume though which is a positive for the reddit crowd to hang on to.

In a war of Attrition, the hedge funds are gonna win. They'll just take out more loans. It's pretty amazing that Retail made it that far.

[Garbagelo]

Hedge funds were already "hedged" for this week. RIP

[frothbrain]

sell the news. if you were getting in on GME and AMC when the networks were discussing it, it was time to exit not buy in.

[dakomish23]

Hormel trying to buy planters.

Speaking of going nuts, Hormel is one of those good companies who nobody talks about, the stock slowly goes up over time, then they do the stock split

[bringbackhoffa]

Volume still appears too low for HFs to have bought back sufficient stock to bring float to levels they are indicating, would have seen more spikes if they were buying back shares, as opposed to what may be happening which is these ladder attacks. But at this point who knows, read so many conflicting stories online it's difficult to separate fact from fiction. Float could be anywhere between 50-120 percent. The only positive thing i see is people for the most part are still holding, and the late comers are bringing down their acquisition costs by buying at today's dips. Fidelity also continues to show number of people buying is almost 3x what people are selling. HF will likely prolong this as much as possible and may still win by using every legal and illegal tactic in the book.

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[Ghetto Gospel]

Just know... the house always wins. Some people will make it out, but I surmise there's going to be a lot of casualties in retail

[robillionaire]

This was inevitable. You aren’t going to bring down the system by buying stocks, guys. Some people made some money and I hope the hedge fund got burnt but now people who didn’t get out are about to feel a great deal of pain

[bringbackhoffa]

Just know... the house always wins. Some people will make it out, but I surmise there's going to be a lot of casualties in retail

Most definitely will be the retail consumer getting beat down at the end. Bet the movie or season of Billions portraying this will be great.

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[Grinditout]

In other news, ethereum breaking the 1500 mark

[frothbrain]

Just know... the house always wins. Some people will make it out, but I surmise there's going to be a lot of casualties in retail

Most definitely will be the retail consumer getting beat down at the end. Bet the movie or season of Billions portraying this will be great.

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The failure of the DTCC, SEC, and Biden administration to step in and shut down the blatant naked selling and FTD abuse committed by these hedge funds is to be expected when you elect a wall street funded candidate.

Retail investors will hold the bag because hedge funds play by different rules with the politicians beholden to them.
The redditor who identified GME short squeeze and lead the charge made a brilliant move for him and his early followers but it took months to play out.
The FOMOs who joined in this week thinking that hedge funds had to cover at these prices were just naive and greedy.

Don't base your decisions on the consensus of an echo chamber.
A lot of these same redditors holding bags of GME, AMC were the same ones cheering on wall street's sweetheart Biden who was literally bankrolled by them. Just desserts.

[frothbrain]

Volume still appears too low for HFs to have bought back sufficient stock to bring float to levels they are indicating, would have seen more spikes if they were buying back shares, as opposed to what may be happening which is these ladder attacks. But at this point who knows, read so many conflicting stories online it's difficult to separate fact from fiction. Float could be anywhere between 50-120 percent. The only positive thing i see is people for the most part are still holding, and the late comers are bringing down their acquisition costs by buying at today's dips. Fidelity also continues to show number of people buying is almost 3x what people are selling. HF will likely prolong this as much as possible and may still win by using every legal and illegal tactic in the book.

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There's a small chance that enough retail investors hold GME(buy back in at this dip and hold) and the FTD % shoots up in which case the SEC, Biden etc will have their hands forced to address it. With voices like AOC, Musk, Cuban backing the retail investors, I don't see how this doesn't escalate IF people truly hold the line against these sell ladders. Hard to believe but we will see.

This is a moonshot so anyone still in it should understand the risks of being so.

[bringbackhoffa]

FINRA also showing 226% short interest so who the hell knows whats right and wrong. http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0

this has always been a gamble and continue to treat it as one.

[Capn'O]

This was inevitable. You aren’t going to bring down the system by buying stocks, guys. Some people made some money and I hope the hedge fund got burnt but now people who didn’t get out are about to feel a great deal of pain

I do think there are some more sustainable socially responsible plays that can help and make money. E.g. going long on clean energy (my tack) or short on private prison companies. Both are good bets right now as there's fundamental social value and momentum behind the investment. GameStop might have been the Hero We Deserve though.

[frothbrain]

FINRA also showing 226% short interest so who the hell knows whats right and wrong. http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0

this has always been a gamble and continue to treat it as one.

https://www.investopedia.com/terms/n/nakedshorting.asp

They aren't playing by your rules. Slap on the wrist consequence for them in comparison to playing by the book.

[Garbagelo]

They definitely added shorts because they are already hedged.

Wall Street likes sending messages too.

[N Y K]

I like VOO... and VXF... and VXUS... even some BND forever. Just wanted to interject with diversification and long-term investing in mind.