Posted on 02/01/2021 2:54:04 PM PST by RomanSoldier19
JM Bullion You Tube CNBC interview /b>
Also Reuterus
Retail investors turn attention to silver as GameStop shares retreat,P>
A rally in the price of silver lifted the metal to an eight-year high on Monday but those gains faded as some investors questioned the ability of social media-driven traders to move prices in a bigger, more liquid market.
The retail traders’ darling, GameStop Corp, sold off, giving up all of Friday’s strong rally, but other shares caught up in the Reddit rally, including BlackBerry Ltd and AMC Entertainment Holdings Inc, extended the advance that has brought pain to short-sellers.
While a lot of people came in with great enthusiasm that they would see moves in silver reminiscent of what happened with GameStop, “they now realize there is not as much buying pressure pushing it up like some had thought,” said Michael Matousek, head trader at U.S. Global Investors.
https://www.reuters.com/article/uk-retail-trading-silver/silver-becomes-the-new-gamestop-as-metal-soars-to-eight-year-high-idUSKBN2A00WB
(Excerpt) Read more at youtube.com ...
Silver wasn’t pimped on Reddit’s WSB. Rumor there was that it was a misdirection by the hedge funds/big media to lessen pressure on GameStop.
Nobody on Wall StreetBets is saying they have enough money to keep up with the people who own silver by the warehouse. The warehouses for silver litterly lock up the forklifts instead of the 10 metric ton silver ingots.
I do see alot of the pump and dump places for the heggies going off about silver, seems like the heggies are gather capital from the much slower boomers.
I don’t understand it. I’m staying out of it.
That’s exactly what’s happening.
Big money was trying to move people off of Gamestop today but I don’t think they succeeded too much. Silver price only went up 8%. I did check last night and several places were flat out of silver for delivery.
Yep. Then they told everyone not to jump, to HOLD GME. SLV positions were already strong with Citadel.
29 dollars looks good to me. Rate things are going my lead, brass, and copper gonna be good too. The moon is coming full soon too. Silvers good.
The last time someone tried to corner the silver market it didn’t end that well.
You do know gme is now around $180 a share after hours. I’d say they were pretty happy.
PM’s outside of industrial uses, really don’t have any value.
The whole idea of a “free” market is a joke when it comes to PM’s. It is like a casino where only the “house” gets rich.
Gamble if you wish. I’ll invest in lead, brass, copper, and steel. I can get a much more tangible return.
Too risky. Everyone should invest in something safe. Like tulip bulbs.
I visit a preparedness site daily and there is considerable discussion about acquiring as much silver as you can in case the SHTF. If green backs become worthless silver would then be used as a trading medium. Coins and bullets are among the first things hoarded, not to mention toilet paper.
I checked with the company I usually buy from. They’re flat out of everything except coin silver.
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