OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

[M-C-G]

Something about this silver run seemed, um, less than authentic. I have been following WSB and have seen very few references to silver, way more articles talking about how the silver run is a set up to try and pull money out of GME.

That said, one poster on WSB appears to have tracked down that one of the largest slv investors is actually Citadel. So, if true, these slimeballs, used CNBC to push that Melvin closed their short position in GME, which was absolutely false, now using yahoo finance, CNBC, Jim Cramer, BBC, Motley Fool and others to create a fake 'WSB is turning their attention to SLV' narrative. So much so, that my wife who hasn't ever followed stocks asked me about a run on Silver. And all the while, WSB is saying hold GME, no SLV run.

Strange, strange times.

[M-C-G]

Seeing some chatter about silver being run up next. Also seeing some stuff on how it won’t happen.

There are a couple reasons why investors shouldn't expect any sort of functional squeeze on the silver market. First, commodities markets are much larger than the market capitalization of GameStop. There's plenty of actual physical metal available for both bullish and bearish traders to use.

Second, silver has been the subject of a squeeze before, so regulators are attuned to the signs of any sort of manipulation. In 1980, three brothers in the Hunt family sought to corner the silver market, capturing roughly one-third of the tradable supply of silver. That prompted a huge silver price increase, from around $6 per ounce in early 1979 to nearly $50 per ounce just 13 months later.

However, when the commodities exchanges changed the rules governing use of margin, the heavily leveraged Hunt brothers found themselves unable to pay back their debts when the price of silver started to drop. The resulting plunge sent bullion prices back down to the $5 to $10 range (per ounce) from the mid-1980s all the way until the late 2000s.

Also, unlike GameStop stock, millions of people have items made of silver. During past price spikes, massive numbers of people have taken silver items to coin dealers, pawn shops, and others to turn them into cash. No one on Reddit can control that big a market.

Caveat emptor

Read on Twitter

?s=20

Was literally just writing about this! F Citadel.

[MickeyDavis]

Yup none of the silver stuff I saw over the weekend was on WSB

[crkone]

I'd go the opposite and scream to sell on silver.

[M-C-G]

I'd go the opposite and scream to sell on silver.

I've got some AG silver up 20%, really thinking about unloading it and locking that in.

[ReasonablySober]

Inovio has gone from $14.42 to $16.35 since opening bell.

[soxperry]

Made a nice chunk swing trading AMC the last few trading days. Last one was in at 13.70 Friday and out at 16.50 this morning but i left the profit to ride in case we go Armstrong.

Was about to make a killing on Nokia last week before they neutered it.

Crazy times, gotta keep the head on straight.

[Stannis]

I'd go the opposite and scream to sell on silver.

I've got some AG silver up 20%, really thinking about unloading it and locking that in.

I'm selling it out of spite tomorrow. Institutional investors are the ones trying to squeeze silver. Media was straight up lying here.

We need to keep the focus on team BANG (Blackberry, AMC, Nokia, and GameStop). There's still a lot of squeezing to be done.

[M-C-G]

I'd go the opposite and scream to sell on silver.

I've got some AG silver up 20%, really thinking about unloading it and locking that in.

I'm selling it out of spite tomorrow. Institutional investors are the ones trying to squeeze silver. Media was straight up lying here.

We need to keep the focus on team BANG (Blackberry, AMC, Nokia, and GameStop). There's still a lot of squeezing to be done.

This was worse than just lying...I expect sleezeballs to lie, not that I am happy about it. But I really hope this opened a lot of peoples eyes, they spammed the reddit message board, they had expert on CNBC saying the short position was covered, yahoo finance was filled with fake articles about SLV.

This is MASSIVE and COORDINATED market deception and it is right out in the open. If they are doing this now, with this many eyes, what and how big is the deception behind the scenes????

[M-C-G]

I'd go the opposite and scream to sell on silver.

I've got some AG silver up 20%, really thinking about unloading it and locking that in.

ANNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNDDDDDDDDDDDDDDDDDDDDDddd

AG Silver, down 24% today.

[Stannis]

I'd go the opposite and scream to sell on silver.

I've got some AG silver up 20%, really thinking about unloading it and locking that in.

ANNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNDDDDDDDDDDDDDDDDDDDDDddd

AG Silver, down 24% today.

I sold anyways. I'm not really a metals bug. But if I was, I'd buy physical. And I heard buying $SLV helps JPM because they hold most of it or something like that.

[jschligs]

I have a feeling a lot of little guys are going to lose their money on those meme stocks. The ride up would've been fun, but the ride down would've been worse. Glad I stayed out for the most part.

[MickeyDavis]

Knowing when to sell is a challenge for any investment during normal times let alone during the recent craziness.

[HaroldinGMinor]

Knowing when to sell is a challenge for any investment during normal times let alone during the recent craziness.

Once it left the message boards and got on the news I figured it was time to sell.

[Siefer]

Do we need to flag that we're not giving financial advice? I truly don't know, but yeah, not giving advice. Anyways, my non-expert read on the GME situation is that it's turning into an actual clusterf--k the longer this drags out. Some number of WSB folks will have made a lot of money, and I think pretty much everyone (mostly retail investors) that bought during the middle of this last week are in rough shape. Melvin Capital already bailed out (I guess this isn't 100% confirmed?), and I'd guess the new shorts that we're seeing are against dollar amounts like $300, not the $20 that wrecked Melvin.

I think we're looking at an actual bubble now. This isn't going to be a win for the little guy. At best it'll be a reshuffling of the deck chairs, and at worst, a wealth transfer up the ladder. This of course isn't excusing the shady stuff we say from brokers this week, which at minimum exposed really shaky cash situations annnnnd was disastrously communicated.

GME down below $70, retail investors losing huge. Impossible to have seen this coming, tbh.

[skones]

I have a feeling a lot of little guys are going to lose their money on those meme stocks. The ride up would've been fun, but the ride down would've been worse. Glad I stayed out for the most part.

The 17-18 crypto boom set the tone for this. It made this all pretty damn predictable and made it easy to catch a buck. What happened with XRP was pretty much the model. "Wait for the new money, wait for the new money!" At that point, it's already too late.

[MickeyDavis]

I have a feeling a lot of little guys are going to lose their money on those meme stocks. The ride up would've been fun, but the ride down would've been worse. Glad I stayed out for the most part.

The 17-18 crypto boom set the tone for this. It made this all pretty damn predictable and made easy to catch a buck. What happened with XRP was pretty much the model. "Wait for the new money, wait for the new money!" At that point, it's already too late.

Yeah XRP is a good example. I didn't buy at the peak but I bought too late and now I'll most likely never break even. It was "play" money so I don't miss it but I still never like losing money on investments.

[skones]

I have a feeling a lot of little guys are going to lose their money on those meme stocks. The ride up would've been fun, but the ride down would've been worse. Glad I stayed out for the most part.

The 17-18 crypto boom set the tone for this. It made this all pretty damn predictable and made easy to catch a buck. What happened with XRP was pretty much the model. "Wait for the new money, wait for the new money!" At that point, it's already too late.

Yeah XRP is a good example. I didn't buy at the peak but I bought too late and now I'll most likely never break even. It was "play" money so I don't miss it but I still never like losing money on investments.

The exact same thing is happening with Doge. It's quite shocking how many new investors there are, young stupid ones at that, that are like, "WeLl WhAt If ThIs Is ThE nEw BiTcOiN" without looking at circulating volume.

[humanrefutation]

Do we need to flag that we're not giving financial advice? I truly don't know, but yeah, not giving advice. Anyways, my non-expert read on the GME situation is that it's turning into an actual clusterf--k the longer this drags out. Some number of WSB folks will have made a lot of money, and I think pretty much everyone (mostly retail investors) that bought during the middle of this last week are in rough shape. Melvin Capital already bailed out (I guess this isn't 100% confirmed?), and I'd guess the new shorts that we're seeing are against dollar amounts like $300, not the $20 that wrecked Melvin.

I think we're looking at an actual bubble now. This isn't going to be a win for the little guy. At best it'll be a reshuffling of the deck chairs, and at worst, a wealth transfer up the ladder. This of course isn't excusing the shady stuff we say from brokers this week, which at minimum exposed really shaky cash situations annnnnd was disastrously communicated.

GME down below $70, retail investors losing huge. Impossible to have seen this coming, tbh.

If you're a retail investor and you haven't sold out of GME by now, I don't know what to tell you. I would have sold out when it was at $300 a share last week. That was never going to be sustainable.

[skones]

Do we need to flag that we're not giving financial advice? I truly don't know, but yeah, not giving advice. Anyways, my non-expert read on the GME situation is that it's turning into an actual clusterf--k the longer this drags out. Some number of WSB folks will have made a lot of money, and I think pretty much everyone (mostly retail investors) that bought during the middle of this last week are in rough shape. Melvin Capital already bailed out (I guess this isn't 100% confirmed?), and I'd guess the new shorts that we're seeing are against dollar amounts like $300, not the $20 that wrecked Melvin.

I think we're looking at an actual bubble now. This isn't going to be a win for the little guy. At best it'll be a reshuffling of the deck chairs, and at worst, a wealth transfer up the ladder. This of course isn't excusing the shady stuff we say from brokers this week, which at minimum exposed really shaky cash situations annnnnd was disastrously communicated.

GME down below $70, retail investors losing huge. Impossible to have seen this coming, tbh.

If you're a retail investor and you haven't sold out of GME by now, I don't know what to tell you. I would have sold out when it was at $300 a share last week. That was never going to be sustainable.

I don't think many people saw it as "sustainable." People saw it as an open act of defiance, **** the big guy.