8 replies to this topic

[Rogerdodger]

Army of day-traders piling into silver?

As prices rally, analysts point to $40 and higher.

One doesn't have to look too far to find new investor interest in silver. For example, Reddit's Wall Street Bets (WSB) has a new subreddit titled: 'The biggest short squeeze in the world $SLV Silver $25 to 1000$.'

 

https://www.kitco.co...StreetBets.html

 

Short squeeze on silver from Reddit’s “WallStreetBets”

Gary Wagner

 

Thursday January 28, 2021 18:12

WallStreetBets forum targets SLV

Over the last few days, information has surfaced that this army of individual traders has now put their collective capital to create a short squeeze play on the electronically traded fund SLV.

As reported by multiple news sources including BullionVault the Reddit forum urged traders to begin to buy SLV.

MarketWatch reported that “Silver futures rallied Thursday to mark their highest finish in three weeks, following a post by a Reddit user, who suggested executing a “short squeeze” on silver. Any short squeeze in silver paper shorts would be EPIC, a post on the popular WallStreetBets forum said. Why not squeeze $SLV to real physical price, he said referring to the iShares Silver Trust exchange-traded fund.”

The net result was that today the Ishares Silver trust gained 5.55%, a total of $1.30 taking that ETF to $24.72 today. The fact that individual traders have found an outlet to exchange information and collectively banded together is a historical moment in the way individual traders can lessen the edge that hedge funds and institutional players have had for years. While many individuals have been talking about the fact that both gold and silver prices have been manipulated, it seems that these traders have given them a taste of their own medicine.

While it is created incredibly wild swings in GME and AMC, the fact that they have now turned their attention to SLV could have the same effect, of squeezing silver prices higher. More importantly, these individual traders acted in unison with the type of capital needed to stand toe to toe against the large hedge funds. Truly a historical moment.

For more information on our service simply use this link.

Edited by Rogerdodger, 28 January 2021 - 10:54 PM.

[Douglas]

Rodgerdodger, don't worry about silver.  Worry about corn, soybeans, wheat, etc.  From what I have read we are just one weather event away from a shortage and a spike in prices.  If whacky short squeezers go after the food supply short futures positions, the commodity you better have plenty of is lead.  

 

Regards,

Douglas

[Iblayz]

The big boys need to be careful here, but my guess is they won't because they seem to always get away with their schemes to protect their "system". Wall street is getting a lot of negative press and a lot of attention for effectively shutting out a lot of players here. Yes, many of them are stupid and uninformed players and many will ultimately lose their shirts, but in the meantime some big boys have lost some of their own shirts. I was one of those stupid and uninformed players back in 1999-2000. In just three or four months I had a gain of several thousand percent. I then lost most of that when the market turned and I kept thinking that it would come back. And, of course, back then the big boys got just as aggravated as they are now. They, in the name of protecting the little guy, increased margin requirements AND instituted the pattern daytrader rule that effectively shut out the little guy from entering the market and immediately playing with the big boys. There wasn't a lot of screaming then. There should have been because that was wrong and it was a self-serving move on the part of the "establishment".

 

With much bigger gaps now between the "haves" and the "have-nots" and the lingering jealousy on the part of those who always want to take what the "more fortunate" have and pass it around, the "establishment" is playing with fire now. I hope that it doesn't backfire on them because it could very well lead to some of the things that will turn Wall Street upside down. The backlash could be severe in spite of the fact that Wall Street usually has most of the establishment in its collective back pocket.

[redfoliage2]

Hedgies are trying to recover their huge loss from the GME trades by shorting stock index futures.  They have to in order to repay the loans from their Wall Street buddies.  What a corrupted Street.  But it may backfire next week  ................

Edited by redfoliage2, 29 January 2021 - 12:59 PM.

[slupert]

The big boys need to be careful here, but my guess is they won't because they seem to always get away with their schemes to protect their "system". Wall street is getting a lot of negative press and a lot of attention for effectively shutting out a lot of players here. Yes, many of them are stupid and uninformed players and many will ultimately lose their shirts, but in the meantime some big boys have lost some of their own shirts. I was one of those stupid and uninformed players back in 1999-2000. In just three or four months I had a gain of several thousand percent. I then lost most of that when the market turned and I kept thinking that it would come back. And, of course, back then the big boys got just as aggravated as they are now. They, in the name of protecting the little guy, increased margin requirements AND instituted the pattern daytrader rule that effectively shut out the little guy from entering the market and immediately playing with the big boys. There wasn't a lot of screaming then. There should have been because that was wrong and it was a self-serving move on the part of the "establishment".

 

With much bigger gaps now between the "haves" and the "have-nots" and the lingering jealousy on the part of those who always want to take what the "more fortunate" have and pass it around, the "establishment" is playing with fire now. I hope that it doesn't backfire on them because it could very well lead to some of the things that will turn Wall Street upside down. The backlash could be severe in spite of the fact that Wall Street usually has most of the establishment in its collective back pocket.

 

Army of day-traders piling into silver?

As prices rally, analysts point to $40 and higher.

One doesn't have to look too far to find new investor interest in silver. For example, Reddit's Wall Street Bets (WSB) has a new subreddit titled: 'The biggest short squeeze in the world $SLV Silver $25 to 1000$.'

 

https://www.kitco.co...StreetBets.html

 

Short squeeze on silver from Reddit’s “WallStreetBets”

Gary Wagner

 

Thursday January 28, 2021 18:12

WallStreetBets forum targets SLV

Over the last few days, information has surfaced that this army of individual traders has now put their collective capital to create a short squeeze play on the electronically traded fund SLV.

As reported by multiple news sources including BullionVault the Reddit forum urged traders to begin to buy SLV.

MarketWatch reported that “Silver futures rallied Thursday to mark their highest finish in three weeks, following a post by a Reddit user, who suggested executing a “short squeeze” on silver. Any short squeeze in silver paper shorts would be EPIC, a post on the popular WallStreetBets forum said. Why not squeeze $SLV to real physical price, he said referring to the iShares Silver Trust exchange-traded fund.”

The net result was that today the Ishares Silver trust gained 5.55%, a total of $1.30 taking that ETF to $24.72 today. The fact that individual traders have found an outlet to exchange information and collectively banded together is a historical moment in the way individual traders can lessen the edge that hedge funds and institutional players have had for years. While many individuals have been talking about the fact that both gold and silver prices have been manipulated, it seems that these traders have given them a taste of their own medicine.

While it is created incredibly wild swings in GME and AMC, the fact that they have now turned their attention to SLV could have the same effect, of squeezing silver prices higher. More importantly, these individual traders acted in unison with the type of capital needed to stand toe to toe against the large hedge funds. Truly a historical moment.

For more information on our service simply use this link.

Apples and Oranges, one mitigating factor, Uncle Buck.. They could really be setting the retail investor up for a slaughter that way. (JmHO)

[Rogerdodger]

Get rid of all of your Wall Street Trading How-to books and get this one:

Tricks and Traps (Cons, scams, bunco swindles and rigged carnival games)

 

 

SILVER MUST BE A SURE BET NEXT WEEK...

Because EVERYBODY says so!!!

 

What could go wrong?

"But it may backfire next week"  "setting the retail investor up for a slaughter that way."

 

Just a few KITCO articles:

 

Silver prices are up nearly 7% this week, with most of the buying coming Thursday and Friday.

Wall Street, Main Street bullish on gold, but silver is the metal to watch next week

Can silver be short-squeezed to $1,000? Peter Hug

A short squeeze on silver from Redditt’s WallStreetBets continues  Gary Wagner

Gold to still hit $2,300 in 2021, but silver and platinum to outperform — MKS

Army of day-traders piling into silver? As prices rally, analysts point to $40 and higher Anna Golubova

 

Edited by Rogerdodger, 30 January 2021 - 02:38 PM.

[dougie]

makes me thing the market bottom is about to fall out

[linrom1]

It's like they're telling that shorting is too dangerous now just when market is going to dive.

[Rogerdodger]

Several posts have emerged on Reddit that either deny Wall Street Bets’ involvement with the silver squeeze trades, or suggest that the whole thing is a “trap”, and these posts were overwhelmingly upvoted. KITCO

 

SilverSqueeze could be a fake 'trap' for GameStop traders, here's why - Lobo Tiggre

 

Why #SilverSqueeze ‘backfired’; price is now collapsing - Peter Hug
 

 

The silver price dropped 10% on Tuesday as the CME raised margin requirements for silver contracts.

"Basically, this intent to try to squeeze the [silver] market was…absolutely silly, has now backfired and now there’s no retail product in the market and the premiums are right at March levels of last year,” he said.

Edited by Rogerdodger, 02 February 2021 - 04:45 PM.