Quote:
Originally Posted by Leondros
I assume this was in Shanghai? That anecdote is interesting... a physically constrained market will absolutely be able to squeeze these institutions.
|
Yeah, this was in Vancouver. The thing is, being sold out of small units of silver doesn't imply that the overall supply is squeezed yet. Just because they run out of coins and 10oz bars doesn't mean there's a shortage of 1000oz bars around, but the retail market is generally not buying up 1000oz bars and suppliers can't instantly convert the big bars into smaller units to meet small unit demand from retail investors.
Quote:
Originally Posted by AltaGuy
It really does look as if the silver push was a plant. Every news outlet keeps saying it was WSB - and then you go over there and nothing about silver... Except that Citron, etc is long in it.
|
It may well be a plant, but for anyone who isn't trading and is willing to hold medium to long term it is still probably a good investment below $30.
At this point, people should be pretty skeptical of WSB anyways. Guys on there who bought into the pumps have a lot of financial interest in keeping the pump going regardless of what it's actually doing to any of the financial institutions. Sticking it to the man is a nice narrative that makes it feel like WSB is still on the side of the little guy, but the reality is that there is probably no shortage of guys on WSB that are making hundreds of thousands or millions of bucks off of the pump and dump and would love to see it keep pumping as they keep pulling profits out even as everyone who joins in based on their advice at this point is more likely to lose than they are to win. That's actually just screwing the little guy too.
Anyone who comes late to the party in a pump and dump is getting dumped more than they're getting pumped.