Wallstreetbets And Reddit Light Fire Under Silver Short Squeeze Movement
- GoldSilver Pros
We discuss the phenomenon that is happening in silver. Wallstreetbets lit a fire under the market, causing massive amounts of retail flight into shorted stocks. The movement spilled over to the #silversqueeze movement, bringing generalist investors into the fold of fighting the silver shorters. The attack begin by massive purchases of SLV shares, causing huge demand for silver in the market to satisfy SLV ETF demand. This was exacerbated over the weekend by shortages across the physical silver industry. The latter occurred because analysts like Gold Silver Pros, Arcadia Economics, and many others, whom had covered precious metals for a decade and more, decided to shift attention away from silver ETFs into physical. We know the only way to dismantle the silver futures short position, which is what keeps the price suppressed for silver, is the only way to win a war. Buying SLV helps only in that it increases demand for physical, but we believe a lot of inflows into SLV are leased anyway, creating synthetic demand for silver derivatives and not the physical metal itself. We discuss all of this in detail in our live stream tonight, and give our take on what likely happens next. While silver prices are being smashed the last several days in the futures market, the movement has gained a lot of steam and will not die in a single weekend or trading day.
- I do not believe that the Reddit WallStreetBets movement (even 3 million strong) has sufficient money ‘firepower’ to be successful in attacking the bullion banksters, BIS … in the precious metals market. If the attempt is successful, it is very likely they had HELP in the form of JP Morgue. JP Morgue has as much as 1 BILLION ounces of physical silver. They stand to gain hundreds of Billion$$ if not a Trillion when silver hits $1000/ounce. When/If the vertical move starts, expect “Shark” hedge funds who smell blood to join in the Long side.
– - When/If that happens, the Reddit WallStreetBets movement will be blamed for bringing the Comex and financial system down. Ie. it is not just about destroying the bullion banksters, it can and will affect the global financial system as “Systemic” banks collapse. Who are the Reddit WallStreetBets movement: they are US, the small guys, the people who always lose in this RIGGED market. The PUBLIC in effect will be blamed for bringing the financial system down.
– - Why would JP Morgue switch side to LONG, apart from profits$$$, and betray the other bullion banksters? The Global Reset has already been announced. The western Illuminati need an event to collapse the old/existing financial system, bring about extreme chaos, collapse … and then offer their pre-planned Luciferian New World Order financial system –> ‘666’. Do not be taken for a ride, the master manipulators are still moving the chess pieces to bring about their desired result. It is just the Hegelian Dialectic, Order Out of Chaos in action.
– - Buy and hold physical gold and silver. We may or may not see a hyperbolic price movement in silver this time round to the hundreds of dollars. But the solution to the coming crisis is still to: Buy and hold physical gold/silver.
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