Will There Be A SilverSqueeze? Will It Hurt the Banks.

in LeoFinance3 years ago

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After a Reddit Trading group, r/wallstreetbets got the worlds attention last week by longing stocks the hedge funds were shorting the group has turned their eyes to silver. As it turns out many funds are shorting silver and they see another opportunity to attempt to squeeze banks and hedge funds.

The group has been restored on Reddit, here is the link.
https://www.reddit.com/r/wallstreetbets/

Their every move is getting attention, but the group is showing both signs of stress, and lack of organization. The Reddit group has grown to 7.4 million members and growing.

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#silversqueeze is trending on Twitter, but the traditional stock market is currently closed so it's hard to tell if there will be any great movement or what type of intervention Wallstreet, big banks and politicians will do to protect themselves.

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Here is a quick snap shot of where SLV currently is so we can watch as Global Markets open today.

Personally, I am fairly cynical about the financial rebellion's outcome, but I am loving the battles and what it is exposing.

Let's not forget those same Hedge Funds own large stakes in virtually every Media station and can control the narrative. In my opinion big tech, hedge funds and Media will punish any acts of rebellion.

Get your popcorn ready for this upcoming week. Don't get distracted by the sideshow congress is going to try to put on as a method of distraction.

@whatsup

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Banks reaction:

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Banks will be sipping on !BEER

Some will gain some money and some will lose out.

Then, plenty of plebs will lose money but think they fought a good fight.

As always.

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Yeah when I saw the email from APMex I was like huh? That seems incredibly fishy to me. There’s no way I’ll be buying any of that crap they are trying to toss lol.

What do you think will happen if all the powers that be collude to shut down WSB? There will be tens of millions of pissed off investors. Most people 40 and younger will have heard about this before long. Will these people discover DeFi and decentralized social media platforms?

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Eventually, they will move to blockchain.
You can't beat the Wallstreet.

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I think and hope so, too.

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Sometimes I wonder if all of this is the distraction itself. Popcorn's ready, too.


Hey @whatsup, here is a little bit of BEER from @bluerobo for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

The amount of money the big banks have tied up in manipulating the silver and gold markets means they have much more at stake and will do their damndest to keep it in check. We will see a run up in silver but I highly doubt there is a large enough crowd to actually cause any real harm to the banks. They collectively have a trillion at hand to play with plus all their billionaire buddies to keep propping them up.

The #silverliberationarmy grows by leaps and bounds.

I’m enjoying the short sniping. These guys think they’re geniuses. It’s particularly satisfying to see them humbled by who they think are a bunch of unsophisticated investors. I get my hit of schadenfreud.

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Your post is reblogged and upvoted by me. It is a good post. Thank you @whatsup