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Reddit Investors Piling Into Silver Drive Up Prices a Second Day
- Thread starter Scorpio
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I agree everyone should buy silver.
I agree silver will go up eventually.
But I think the time to buy is when the media isn't pumping it. I am afraid all these new people buying are going to get turned off when JPMorgan and others slam silver back down.
Like the guy in the video said, the posts on Reddit are telling people not to switch to silver right now. Keep the pressure on GameStop, etc.
I don't know where this will go but I believe the banks will smash silver and make a killing.
Just my two cents. YMMV.
I agree silver will go up eventually.
But I think the time to buy is when the media isn't pumping it. I am afraid all these new people buying are going to get turned off when JPMorgan and others slam silver back down.
Like the guy in the video said, the posts on Reddit are telling people not to switch to silver right now. Keep the pressure on GameStop, etc.
I don't know where this will go but I believe the banks will smash silver and make a killing.
Just my two cents. YMMV.
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JM Bullion's CEO appeared on CNBC today (4 min 00 sec):
One of the graphics used in the above video:
Published on Feb 1, 2021 by CNBC Television
CNBC's Brian Sullivan discusses how silver inventories are selling out, in part because retail investors are buying up silver coins and bars, with Michael Wittmeyer, CEO of JM Bullion, an online precious metals dealer.
One of the graphics used in the above video:
Last edited:
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Wether "It's a Trap !" or a shot across the bow... we'll see.
Even if paper smack down does occur, it will not look different than previous.
Physical availability though...
In support of movement I stopped into LCS because his lights were on.
Sunday & Monday it's normally closed.
He said he may open only Sunday and Monday because he was so busy.
Had 2020 and 2021 Eagles, but had sold almost all.
Scored (3) 2021 ASEs @$33 ea.
Probably gift 'em as they are... meh.
Even if paper smack down does occur, it will not look different than previous.
Physical availability though...
In support of movement I stopped into LCS because his lights were on.
Sunday & Monday it's normally closed.
He said he may open only Sunday and Monday because he was so busy.
Had 2020 and 2021 Eagles, but had sold almost all.
Scored (3) 2021 ASEs @$33 ea.
Probably gift 'em as they are... meh.
Last edited:
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My thoughts are we are in a crack up boom and dollars are flowing into anything and everything. That is why the market is up, bitcoin is up, realestate, etc. Its just silver and golds turn and they have to keep the masses in the dark about hyperinflation and so they have blame it something, and the Reddit bandits are the so called cause. This smells like something funky. I mean why go from Gamestop to silver unless the Reddit bandits just want to jam a ice pick in the jugular vein of the financial system. If silver and gold go massively up then the banks have some serious problems. It might just be time for the world to start moving its dollars into silver and gold.
Other food for though. Is this just a way to shock the PM supply chain? Just like runs on the grocery store, and tarrifs on businesses. These are all classic tools governments use to shock supply chains to induce high prices for hyperinflation.
My two cents.
Other food for though. Is this just a way to shock the PM supply chain? Just like runs on the grocery store, and tarrifs on businesses. These are all classic tools governments use to shock supply chains to induce high prices for hyperinflation.
My two cents.
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Hey, I Work for a Bank
You and the bank have been fleecing the American people for over 100 years. Thats untold trillions of dollars you stole from the people. How can you justify selling the same ounce of silver 250 times. So you can kiss my ass. Three digit price for silver? Try four digits asshole. And yes, we want you to fail, and fail you will.
You and the bank have been fleecing the American people for over 100 years. Thats untold trillions of dollars you stole from the people. How can you justify selling the same ounce of silver 250 times. So you can kiss my ass. Three digit price for silver? Try four digits asshole. And yes, we want you to fail, and fail you will.
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^^^ @Silvergun, we already saw that. I think it was last night. In my opinion, the post was bullshit.
15 U.S.C.A. § 78i - the Illegality of Short Ladder Attacks (Legal insight)
DD
Dear SEC and President Biden,
I am calling on you today, pursuant to 15 U.S.C.A. § 78i, titled Manipulation of Security Prices, to prohibit manipulative and deceptive tactics that artificially depresses the price of GME and AMC securities in contravention of the laws of the United States.
Section 78i(a) clearly states that "It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange -- (2) To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others."
Currently, GME and AMC stock prices are actively being manipulated using a mechanism called "short ladder attacks" to depress the price of these stocks in contravention of 15 U.S.C.A. § 78i. "Short ladder attacks" occur when large institutions in possession of the aforementioned stocks sell them for just less than market value in rapid succession between one another in order to drive the price down. The fact that short ladder attacks exist is apparent from on-going market activity that can be seen here
https://i.gyazo.com/d33d2d9346092b3c041c54fc394225c3.png
(Check this from the huge dip last Thursday. No volume but still an enormous dip in price)
https://preview.redd.it/nmiqx27md4e...bp&s=f3e61c081b3332670eaa8b972c309c6d56177e33
check this out
Such blatant attacks readily establishes prima facie case of market manipulation and must be investigated by the SEC immediately. Further silence from the SEC on this matter, which can be investigated quite quickly, not only encourages further market manipulation but also further diminishes public trust and faith in the U.S. Government.
Finally, section 78i(f) makes it clear that "Any person who willfully participates in any act or transaction in violation of subsections (a), (b), or (c) of this section, shall be liable to any person who shall purchase or sell any security at a price which was affected by such act or transaction."
I am calling on you to do your job. The direct manipulation of GME and AMC stock prices is an on-going crisis that directly hurts the public interest and is AGAINST THE LAW. You must act now before it is too late.
Sincerely,
Your Average Retail Investor
DD
Dear SEC and President Biden,
I am calling on you today, pursuant to 15 U.S.C.A. § 78i, titled Manipulation of Security Prices, to prohibit manipulative and deceptive tactics that artificially depresses the price of GME and AMC securities in contravention of the laws of the United States.
Section 78i(a) clearly states that "It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange -- (2) To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others."
Currently, GME and AMC stock prices are actively being manipulated using a mechanism called "short ladder attacks" to depress the price of these stocks in contravention of 15 U.S.C.A. § 78i. "Short ladder attacks" occur when large institutions in possession of the aforementioned stocks sell them for just less than market value in rapid succession between one another in order to drive the price down. The fact that short ladder attacks exist is apparent from on-going market activity that can be seen here
https://i.gyazo.com/d33d2d9346092b3c041c54fc394225c3.png
(Check this from the huge dip last Thursday. No volume but still an enormous dip in price)
https://preview.redd.it/nmiqx27md4e...bp&s=f3e61c081b3332670eaa8b972c309c6d56177e33
check this out
Such blatant attacks readily establishes prima facie case of market manipulation and must be investigated by the SEC immediately. Further silence from the SEC on this matter, which can be investigated quite quickly, not only encourages further market manipulation but also further diminishes public trust and faith in the U.S. Government.
Finally, section 78i(f) makes it clear that "Any person who willfully participates in any act or transaction in violation of subsections (a), (b), or (c) of this section, shall be liable to any person who shall purchase or sell any security at a price which was affected by such act or transaction."
I am calling on you to do your job. The direct manipulation of GME and AMC stock prices is an on-going crisis that directly hurts the public interest and is AGAINST THE LAW. You must act now before it is too late.
Sincerely,
Your Average Retail Investor
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From APMEX. I asked a few questions last week about selling. Never more than that. They sent me a quote and today this. Stocks must be running low.
We recently had the pleasure of providing you with buyback prices for items you are interested in selling. I am following up to see if you had the opportunity to review the prices and if you would like to proceed with your sale to APMEX.
As one of the most trusted names in the Precious Metals industry, we are able to offer numerous advantages our competitors simply cannot. Our exclusive relationship with UPS means you receive discounted shipping rates on either Next Day or 2nd Day Air, both of which allow you to get paid faster. All packages are insured and include full tracking every step of the way.
When selling your valuable assets, trust is one of the most important factors to consider, so why not sell to one of the best? Contact our Purchasing Department at (800) 375-9006 ext. 256 during normal business hours with any questions or to proceed with your transaction.
We recently had the pleasure of providing you with buyback prices for items you are interested in selling. I am following up to see if you had the opportunity to review the prices and if you would like to proceed with your sale to APMEX.
As one of the most trusted names in the Precious Metals industry, we are able to offer numerous advantages our competitors simply cannot. Our exclusive relationship with UPS means you receive discounted shipping rates on either Next Day or 2nd Day Air, both of which allow you to get paid faster. All packages are insured and include full tracking every step of the way.
When selling your valuable assets, trust is one of the most important factors to consider, so why not sell to one of the best? Contact our Purchasing Department at (800) 375-9006 ext. 256 during normal business hours with any questions or to proceed with your transaction.
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Thursday Jan 28 at 10:54 AM
Thank you for contacting APMEX! Please see the attachment for an indication of what APMEX would currently pay for your items. Please note this is not a confirmed transaction. The offers listed are subject to change with the metal spot price and our inventory levels. To finalize this transaction call us at 1-800-375-9006, ext. 256.
As one of the most trusted names in the Precious Metals industry, we are able to offer numerous advantages our competitors simply cannot.
Thank you for contacting APMEX! Please see the attachment for an indication of what APMEX would currently pay for your items. Please note this is not a confirmed transaction. The offers listed are subject to change with the metal spot price and our inventory levels. To finalize this transaction call us at 1-800-375-9006, ext. 256.
As one of the most trusted names in the Precious Metals industry, we are able to offer numerous advantages our competitors simply cannot.
- Our exclusive relationship with UPS means you receive discounted shipping rates on either Next Day or 2nd Day Air, both of which allow you to get paid faster.
- All packages are insured and include full tracking every step of the way.
- We pay our customer in approximately 1 business day from package receipt.
- In business since 2000 with over $15B in transactions and an A+ BBB rating.