Tim Pool lays out the argument here, saying Reddit never said to squeeze silver. Fake news is telling you to buy silver in order to bail out Melvin Capital because they own a significant portion of the silver market. https://patriots.win/p/11SKLNM1T7/even-tim-pool-knows-capital-owns/
So I researched it, and even Yahoo agrees that Melvin Capital benefits in a silver squeeze: https://finance.yahoo.com/news/citadel-silver-bet-exposes-rifts-082912706.html
(Specific portion of article posted in comments below)
So now I should take financial advice from a article reading grifter and Yahoo finance?
C'mon man
Are you saying Citron doesn't own shares in silver? Go on. Make that claim. Because they have the link to it in the article.
Show me the post in WSB where they're calling for shorting silver. I'll wait.
This is true. The silver market is massively manipulated. A stand against the banks here is a dagger to the heart. All the msm melvin+silver crap is just to refocus energy away from destroying the silver market. The silver market is shorted many times over physical supply. It was already about to explode with massive deliveries being posted in both gold and silver. The public waking up and protecting themselves with physical silver and gold is exactly what the big boys don't want.
Not only is it bad for them that you buy up the physical supply to force the banks into force majeure, it's also good for you to own it. A double positive. Wake up, retards.
wake the fuck up already
The highest market scam...you're on drugs....lol.
I skipped the class on interpreting retard.
Yet deepthroats Tim fucking Pool... kek
Okay. I'm just going to say this one more time, and if you guys don't get it then, I'm done...it doesn't really matter because he's not the source of the evidence. We could simply cut him out of the picture altogether, and the evidence still remains. The only useful purpose he serves here is to make a clear case of what the evidence shows...or you can just read the article and find it there, but we both know you're just a headline reader....
I already read that garbage article.
i agree, you guys are gonna get smashed on silver
How about hold the line with GME!
That makes total sense.
FUCK TIM POOL
What? Melvin capital maybe some silver buy they will benefit very little. Melvin may holds paper longs but a small percentage of overall longs. Silver shorts are all still on the line. If the physical market implodes they get closed out while physical holders enjoy the biggest blast off ever. Paper longs will miss out because you cannot convert paper into real silver. Sheesh
I really hate it when people feel compelled to comment when they haven't even read the article.
The only silver I have is stuff I got in change. Which used to happen occasionally until about 15 years ago but now never happens.
Tim Pool and "even Yahoo."
Umm, yeah, Pool lays out the argument, and the research confirms it. What's your issue this time?
Sorry, I still don't understand retard any better now than I did 15 minutes ago.
Citadel Advisors LLC owned about 6 million shares of the iShares Silver Trust as of Sept. 30, equivalent to a 0.93% stake, data compiled by Bloomberg show.
While these holdings may well be related to its role as one of the world’s largest market makers -- the firm also held shares in at least 17 other silver companies and ETFs -- the debate they have caused highlights that traders in the WallStreetBets forum are far from a homogeneous group.
They stunned the world by banding together to fuel epic gains in heavily shorted stocks including GameStop Corp. In the past few days investors have been watching the metal’s rally for clues on the staying power of this David-vs-Goliath buying spree.
Silver futures on the Comex jumped as much as 13% on Monday. That pushed prices above $30 an ounce to the highest level since 2013, but the gains are so far tiny relative to GameStop’s 16-fold surge since mid-January.
A phone call to Citadel’s Chicago office outside regular business hours went unanswered. It’s unclear whether the firm’s holdings of iShares Silver Trust or other silver-related securities have changed since September -- given its market-making role, it is likely they would. Inflows into the iShares trust surged by a record $944 million on Friday as trading in the ETF soared.
And none of iShares silver is REAL silver. They lose if the market gets wrecked.bthey still lose!
The only person talking about actual silver here is you, because you're in your own little world where nobody else cohabitates.