ECON Redditors might be targeting SLV and related precious metal shares

Donghe Surfer

Veteran Member

Randomly was reading some gab.com threads last night.
One guy had posted a screenshot of WSB (WallStreetBets) chatter, saying they should target the huge short in silver, etc.
Looks like it has indeed started, or at least scared the big boys on Wall Street to cover their huge shorts in this sector.
AG (First Majestic Silver) is suddenly up 20% today.
 

hoss

Out to lunch

Randomly was reading some gab.com threads last night.
One guy had posted a screenshot of WSB (WallStreetBets) chatter, saying they should target the huge short in silver, etc.
Looks like it has indeed started, or at least scared the big boys on Wall Street to cover their huge shorts in this sector.
AG (First Majestic Silver) is suddenly up 20% today.
Interesting correlation to the article is that silver is up 5% today.
 

paul bunyan

Frostbite Falls, Minnesota
Check out what the Reddit Posse, in the last week, did to the Game Stop Companies Shares (drove the price up up up )....hahaha they killed the bloody short sellers/ Vultures.
 

abby normal

insert appropriate adjective here
Crypto too.


The frenzy of Reddit-fueled stocks is reaching some of the weirder parts of the cryptocurrency world.



Dogecoin, a digital coin started as a joke, soared as much as 77% since 11:04 a.m. Hong Kong time, according to data from cryptocurrency tracker CoinGecko. Over the past 24 hours, it’s up 42% to $0.01129497.
 

Hognutz

Has No Life - Lives on TB
Best thing to that could happen to the metals. Get rid of paper in all commodities. If you don't hold it you don't own it! Possession is ownership wipe your azz with paper.
But the how will they manipulate it?:p
 

Hognutz

Has No Life - Lives on TB
I told my broker today to buy an assload of paper GLD today... gonna see what happens...
 

Ragnarok

On and On, South of Heaven
People were speculating on the next target for the wallstreetbets army. Kayak got it right. I wanted to put this in it's own discussion...

FWIW -- this is long, could take months, but it looks like it's the next big project for them.

1611991960012.png


THE BIGGEST SHORT SQUEEZE IN THE WORLD $SLV Silver 25$ to 1000$.

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.

Edit 1: ALL IN ON $AG. LETS GET THE MINERS.

Edit: $AG UP 40% PM. YOU ****ING RETARDS. SLV TO THE ****ING MARZ. I have got some interesting ifo from Gold Ventures. Here he goes---

Hi master!! In our debate about of which ETF is the best for our purposes (PSLV or SLV) I think that obviously the choice is SLV. Many people try to discredit it putting in doubt that it holds all the silver that it should, but I think that this had been always biased propaganda by the bullion dealers. SLV is run by BlackRock, who has many, many, many more assets under management than the SLV (in fact SLV is one of their smallest funds). Will such a leader of the investment industry put its reputation in risk??? Some years ago (in the darknest recent age of silver, about 2013-2015), the short interest in SLV was much higher than nowadays (about 25-30%). Ted Buttler always defended that shorting the SLV was not permitted by the ETF prospectus itself, because shorting one share inhibits the adding os one Oz of silver (you can sell one share to a new investor without issuing it). He initiated a public campaign against BlackRock by permitting it. The result was a legal threat of BlackRock to Buttler, he had to retreat, but magically the short interest started to decrease during the next weeks/months till "simbolic" levels. Even during this last year, where we witnessing silver inflow to the trust of several hundreds os Moz over the year before, the short interest of SLV itself didn't rise. SLV itself has no meaningful short interest itself, but the arbitrage among it and the spot/futures market make the concentrated shorts of the Comex very vulnerable. And remember, the master of the crooks, the one with the biggest and more corrupt influences, JPM, is no longer in the short side, so it will be no threated and by that will do nothing.

Advantages of SLV over PSLV are clear:

Much more available on brokers (unless in Europe due to MiFid II)

Much more liquid

And of course, it has options!!

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, **** AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. **** THE BANKS.
https://www.reddit.com/r/wallstreetbets/comments/l68ill View: https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/








The other post about SLV is absolutely correct. Silver is by far the most manipulated market in the world. JPM just paid $1 billion fine for their manipulation and they brushed it off and kept doing it. The other post didn’t say how to cause the squeeze, here’s how to play it
First here is the other post https://www.reddit.com/r/wallstreetbets/comments/l68ill View: https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


Second, everyone buy and hold GME through at least $1000 before buying silver because the shorts are still at 139% of the float so there is a technical reason to stay long until they really cover.

Third, the other post said to buy miners, but that won’t cause a silver squeeze. The miners will benefit from the squeeze, but buying miners alone does nothing to actually beat the manipulating banks at their own game in silver.

So here’s how you do it:

Buy SLV directly. If you want options buy in the money or near the money to force true hedging (buying) by the market maker. This is a very old and slower moving market than equities so unless you are buying leaps, SLV shares are the way to go anyways. Alternatively, buy silver physically or even force delivery through purchasing futures if you are rich and can store it. Physical silver purchases carry a premium over spot price though so you end up causing more physical silver to be purchased by simply buying SLV.

By purchasing SLV, more shares will be created and SLV will have to purchase massive amounts of physical silver to hold in their vaults because the etf has to remain backed by physical silver.

Silver is a much larger market than GME, but the paper traded gold market is 100x the physical market. If we force more physical purchase and delivery of silver, the paper traders will be required to buy it in real life and deliver it. Creating a positive feedback loop just like a short squeeze.

Lastly, the fundamental case is that government stimulus combined with fed money and reopening economy will cause inflation, and that government debt loads mean dollar debasement. Lest someone say we are manipulating the market (as big banks have literally been doing for decades). We like the stock!

Let’s get GME to the moon and then park all of the winnings in SLV. Could take a couple of months to fully moon as delivery of silver takes time but it really could go to $1000 from $25. If GME took down a single hedge fund, this would take down JPM.

Please share, it’s hard to break through right now

Power and tendies to people!

TLDR: don’t sell GME till over $1000 and then move it all to SLV and hold for 3+ months
https://www.reddit.com/r/wallstreetbets/comments/l6fgbn View: https://www.reddit.com/r/wallstreetbets/comments/l6fgbn/the_other_post_about_slv_is_absolutely_correct/
 
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miscount

Contributing Member
You can't manipulate the price of metals. You can buy and hold ounces to reduce the supply. which will drive the price of metals up overall. The paper manipulates the price of metals flooding the metal market with fake metals. There is about 100 paper ounce contracts for every ounce of Gold out there. I have no idea much Silver paper is out there. Collect up the shiny!
 

buttie

Veteran Member
Joined Reddit and the WallStreetBets sub reddit yesterday. What I found was the guys talking silver were getting told to stfu until the current gme deal is done. Probably best to see how things turn out next week before spending $$$.
 

The Snack Artist

Membership Revoked
You can't manipulate the price of metals. You can buy and hold ounces to reduce the supply. which will drive the price of metals up overall. The paper manipulates the price of metals flooding the metal market with fake metals. There is about 100 paper ounce contracts for every ounce of Gold out there. I have no idea much Silver paper is out there. Collect up the shiny!
Wanna bet?
 

Doomer Doug

TB Fanatic
Gee is this why you hold PHYSICAL GOLD AND SILVER? hmmm? you thunk, maybe. :D

So, MY physical silver is now valued at $27 an ounce, yada yada yada, and it was about $25 or so, and was down to about $18 when I bought it a year or so ago, and has been as high as $30? or so, give or take.

It's is called INVESTING, and not gambling. Gamblers need to go to the stock market and get shorn with the rest of the sheep. Or as Eli Wallach put it so eloquently in "The Magnificent Seven." "If God didn't want them to be shorn, he wouldn't have made them sheep." :kaid:

I watch these knuckleheads and shake my head. The point of it all is to preserve your standard of living and your wealth, and the BEST way to do that is to have PHYSICAL GOLD AND SILVER ALONG WITH A SHOTGUN AND AR-15 WITH 2000 ROUNDS OF GREEN TIP 5.56.MM
:conf:
 

Doomer Doug

TB Fanatic
well, moi owns some PHYSICAL SILVER AND GOLD OUNCES along with guns, and ammo, and did I mention more ammo? :D

I am a most fortunate revolutionary Ragnarok, since I just have to sit back and watch the system crash and burn. I mean they have printed 5 TRILLION IN FANTASY MONEY the last 18 months or so. The debt is now $30 TRILLION. and they just put Yellen in as secretary of the Treasury. I am speechless that few people see what is coming down the road at us. You need physical. It is the emperor is naked all over again, gang. The COMEX will collapse if even a small fraction, measured in like under 5% of the total amount was required to be PHYSICALLY BROUGHT OUT IN THOSE 100 OZ BARS nobody has anymore.
 

Ragnarok

On and On, South of Heaven
Mods, I didn't notice this thread:

Redditors might be targeting SLV and related precious metal shares

Could someone combine?
 

Shooter

Veteran Member
I been buying silver since 1965. have a lot that cost me 1 dollar a ounce,

just looked Monex has it at $27.11 pretty high from when I was buying, stopped last few years, seems extra food and bullets were needed more,
 

Ragnarok

On and On, South of Heaven
I been buying silver since 1965. have a lot that cost me 1 dollar a ounce,

just looked Monex has it at $27.11 pretty high from when I was buying, stopped last few years, seems extra food and bullets were needed more,

$27.11 is the spot price.

If you go on Amazon or Ebay it is selling for almost double that. Around $38.00-$40.00 an ounce.



DO NOT sell for spot... You will be giving it away!
 

billet

Veteran Member
I been buying silver since 1965. have a lot that cost me 1 dollar a ounce,

just looked Monex has it at $27.11 pretty high from when I was buying, stopped last few years, seems extra food and bullets were needed more,
Right there with you. I got in the game around 98 and have been steadily buying ever since thru the ups and downs. Exciting times we live in!
 

bassgirl

Veteran Member
Somethings going on, the post up that is super long, mentions BlackRock and silver blah blah. BlackRock has A LOT of its people in the Biden Administration.
 

NCGirl

Veteran Member
Gee is this why you hold PHYSICAL GOLD AND SILVER? hmmm? you thunk, maybe. :D

So, MY physical silver is now valued at $27 an ounce, yada yada yada, and it was about $25 or so, and was down to about $18 when I bought it a year or so ago, and has been as high as $30? or so, give or take.

It's is called INVESTING, and not gambling. Gamblers need to go to the stock market and get shorn with the rest of the sheep. Or as Eli Wallach put it so eloquently in "The Magnificent Seven." "If God didn't want them to be shorn, he wouldn't have made them sheep." :kaid:

I watch these knuckleheads and shake my head. The point of it all is to preserve your standard of living and your wealth, and the BEST way to do that is to have PHYSICAL GOLD AND SILVER ALONG WITH A SHOTGUN AND AR-15 WITH 2000 ROUNDS OF GREEN TIP 5.56.MM
:conf:
They are not gambling. And they don't care if it's gold, silver or widgets.

They (and I now that I see their game) are really just trying to screw those hedge fund guys for our own amusement. I'll ride these buys up and I'll ride them down if I have to. I'm not "investing" anymore than I can comfortably afford to lose. For me it's all about the entertainment value and a bit of let's stick it to them.... that is why I'm playing.
 

Ravekid

Veteran Member
By purchasing SLV, more shares will be created and SLV will have to purchase massive amounts of physical silver to hold in their vaults because the etf has to remain backed by physical silver.

Where does this information come from? I just re-read parts of the prospectus and current fact sheet. These legal documents will use every tactic available to protect the trust and make sure iShares/Blackrock is protected.

There are 553,200,000 shares of SLV according to the prospectus. The trust holds 601,936,982.10 ounces of silver. I didn’t read anything about the trust being required to issue more shares. Maybe I missed it. Once all of those stated shares are purchased, that’s it. Additionally, the documents state that the price of SLV is tied to the market price, not the NAV. So even if the trust did have to issue more shares due to a strong demand, they don’t have to buy more silver. What happens is that each share ends up being worth a fraction of an ounce of silver instead of the ~1:1 ratio that is the current aim.

Use caution if this SLV run takes off. This isn’t like a corporate issue stock share. It is an ETF and thus has different rules. Lets say the share price runs up to $500/share. There might be language in the trust documents that says the trustee at any time can liquidate the trust via physical delivery. So they liquidate and you get one ounce of silver. There is likely language about costs, how they can give the current spot price of silver as cash in lieu of delivery, etc.. If the spot price is $30/ounce, your $500 share price of the trust has a $30 value in physical silver.
 
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Shooter

Veteran Member
I been watching silver on Monex, it looks like they dont update on weekends, anyone have a better place to follow?
 
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