Freedom4um - Article

#1: Esso To: Horse, 4um (#0)

Gamestop boys now going after Silver Shorts? $1000 Silver?

Yee haw! Go for it boys!

Esso posted on 2021-01-28 15:33:14 Reply Private Reply

#2: Ada To: Horse (#0)

If you don't remember what happened the last time silver was shorted, the Hunt brothers do.

Ada posted on 2021-01-28 16:59:21 Reply Private Reply

#3: Pinguinite To: Ada (#2)

If you don't remember what happened the last time silver was shorted, the Hunt brothers do.

The Hunt brother's weren't shorting. They were cornering, and did it on margin. Then the exchanges changed the margin requirements.

Unless these retail people buying up GameStop are doing it on margin, regulators can'd counter them by raising margin requirements.

It's been an open secret that JP Morgan has been suppressing the silver prices for years. I think they plead guilty to something and paid a pittance of their profits made off of little people to the fed gov, so they've really learned their lesson.

Pinguinite posted on 2021-01-28 18:31:05 Reply Private Reply

#4: BTP Holdings To: Ada (#2)

the Hunt brothers do.

Herbert and Nelson Hunt made a huge mistake when they shorted silver after all of their cash was tied up. This mistake caused them to lose their shirts when that ploy back fired. ;)

BTP Holdings posted on 2021-01-28 19:25:40 Reply Private Reply

#5: StraitGate To: Esso (#1)

If silver hits $1000/oz I'm going get one those retractable air hose reels. And new front tires for my old truck. And a new set of handles for my wheelbarrow. And a new dishwasher for my daughter. And build for the grandkids a treehouse that will make the cover of Southern Living magazine.

StraitGate posted on 2021-01-28 20:57:02 Reply Private Reply

#6: TommyTheMadArtist To: Esso (#1)

Are you fucking kidding??? HOLY SHIT. Guess what I am doing tomorrow LOL

TommyTheMadArtist posted on 2021-01-28 23:16:30 Reply Private Reply

#7: Ada To: Pinguinite (#3)

The Hunt brother's weren't shorting.

True but they were buying silver from short sellers.

Ada posted on 2021-01-29 08:16:47 Reply Private Reply

#8: Esso To: TommyTheMadArtist, 4um (#6)

Are you fucking kidding?

No. I'd love to see silver finally break out. I bought in-depth in 2009 at a maximum cost of $9/oz. At today's prices that's a pretty mediocre return on investment.

If somebody gets a frenzy going, I'm getting out.

Guess what I am doing tomorrow LOL

I have no idea.

Esso posted on 2021-01-29 08:43:02 Reply Private Reply

#9: Pinguinite To: Esso (#8)

If somebody gets a frenzy going, I'm getting out.

A frenzy should be well into the 3 digits, at least.

Silver is up about 10% in the last 24 hours while gold has not moved. So that could be due to Big Finance cancelling their silver shorts in reaction to the silver short squeeze rumor. If silver should pull a GameStop, it would have to go over 400/oz.

Pinguinite posted on 2021-01-29 09:04:09 Reply Private Reply

#10: Esso To: Pinguinite, 4um (#9)

A frenzy should be well into the 3 digits, at least.

GME's "frenzy" had it at about 100X the nominal value, that would put AU at about $2500. I don't see that happening. The goob would just classify silver as a machine gun or something and take it away.

Esso posted on 2021-01-29 09:20:09 Reply Private Reply

#11: Esso To: All (#10)

Esso posted on 2021-01-29 09:31:21 Reply Private Reply

#12: Pinguinite To: Esso (#10)

GME's "frenzy" had it at about 100X the nominal value, that would put AU at about $2500. I don't see that happening. The goob would just classify silver as a machine gun or something and take it away.

That kind of chaos might start actually damaging the US dollar and put us into uncharted territory. A 4-digit silver price would be huge, of course.

Bitcoin has spiked higher, though other cryptos have not really followed as yet. I think Musk made some comment about bitcoin.

Pinguinite posted on 2021-01-29 10:29:20 Reply Private Reply

#13: Esso To: Pinguinite, 4um (#12)

Former SEC Says GameStop Rebellion Like Storming The Capitol, "Police" Need To Stop It, ITS AFRAID

Esso posted on 2021-01-29 10:34:31 Reply Private Reply

#14: BTP Holdings To: Esso (#11)

Raggedy Ann. That's a good one. LOL

BTP Holdings posted on 2021-01-29 11:01:03 Reply Private Reply

#15: Esso To: BTP Holdings, 4um (#14)

Raggedy Ann. That's a good one. LOL

The other day somebody had a meme with Ditzy Redbush and Kayleigh McEnany that compared them to RA and Barbie respectively. That was pretty cool.

Esso posted on 2021-01-29 11:16:04 Reply Private Reply

#16: BTP Holdings To: Esso (#15)

a meme with Ditzy Redbush and Kayleigh McEnany that compared them to RA and Barbie respectively. That was pretty cool.

My younger sister had a Barbie Doll. But my twin was a tomboy. She played basketball and 16 inch (clincher) bare handed softball. If you've never been to Chicago then you have no idea what playing that game is like.

When I was a Junior Patrolman, Officer Friendly was the guy that ran it. He lived nearby where I did. And he was a mean SOB too.

We had a reservation for a ball diamond a Waveland Park so we could play ball on a particular day and time. When we got there some other kids were playing ball. He told them they had to leave and one of the other kids took issue. He shoved that kid and told him, "Get lost. We have a reservation for the diamond." LOL

This is one of those old time stories I am very lucky to recall. ;)

BTP Holdings posted on 2021-01-29 11:47:06 Reply Private Reply

#17: DWornock To: Horse (#0)

When the minimum wage is $1,000 per hour silver may be $1,000 per ounce. There is little demand for silver and there enough silver to meet any foreseeable demand. Therefore, while silver may increase in price and might even double in price provided there is enough inflation, silver may drop in price. Within the year 2021 silver could go as low as $15 dollars per ounce or it double in price.

DWornock posted on 2021-01-29 17:55:40 Reply Private Reply

#18: Esso To: DWornock, 4um (#17)

When the minimum wage is $1,000 per hour silver may be $1,000 per ounce.

If MW and silver track equally upwards, silver should trade at ~$3000/oz assuming that there's any correlation between the two (there's not).

Within the year 2021 silver could go as low as $15 dollars per ounce or it double in price.

Damn, that's a hard call. It's hard to predict what's going to happen in CrazyWorld. I'd bet on ownership of AU being outlawed if there's a significant upward move.

Esso posted on 2021-01-29 18:10:47 Reply Private Reply

#19: DWornock To: Esso (#18)

I don't see silver going up much more than inflation because there is a lot of silver and not much demand since the two prior big uses--money and photography, is almost none existent. 2% percent of people may have silver eagles but 60 years ago every American over the age of 5 and many other people throughout the world had silver coins that was commonly used as money.

DWornock posted on 2021-01-31 00:55:22 Reply Private Reply

#20: BTP Holdings To: DWornock (#19)

One important question that seems to confound historians is Was Manhattan Really Bought for $24?

But the facts of the matter are silver has been shorted in an attempt to keep the price artificially low.

Plus silver is being hoarded by JP Morgan. ;)

BTP Holdings posted on 2021-01-31 07:17:22 Reply Private Reply

#21: DWornock To: BTP Holdings (#20)

But the facts of the matter are silver has been shorted in an attempt to keep the price artificially low.

There is certainly something going on when APMEX and JM Bullion don't have any silver in stock except for so call numismatics where the premium is so high that that the price is double the listed price of silver. And, where TD Ameritrade, Interactive Brokers, and no doubt other future brokers will not permit you to take delivery.

DWornock posted on 2021-01-31 13:59:52 Reply Private Reply

Source:	https://youtu.be/-MAv_X1mAG0
Published:	Jan 28, 2021
Author:	Jsnip
Post Date:	2021-01-28 15:25:55 by Horse
Views:	2411

REALIST NEWS - Gamestop boys now going after Silver Shorts? $1000 Silver?