The Wall Street Bets phenomenon is changing markets

They’ve now turned to Silver...

 

Someone has tried that before: Silver Thursday: How Two Wealthy Traders Cornered The Market

Also, if you check WSB on Reddit, they're warning people off Silver saying its a disinformation campaign by hedge funds. Interesting times!

 

Have a look at the price of TMZ today

 

From what I’ve read, this Hedge Fund thing was pure speculation. Reddit and wider retail community have jumped on silver because the banks have allegedly intentionally kept the price artificially low for so long and Trading Platforms cannot prevent people buying physical gold.

 

Not convinced the silver market size isn't too big for retail investors to move it significantly though.
Some of these pumps are going to end in tears for the retail guys, it's like what we see in the crypto space but applied to the more regular markets.

 

Game Over

 

Really? I never would have thunk ...

 

If you sell now you might be able to afford a buck and a quarter staff

 

Didn't realise the tears would be coming so soon.
Lot's of the retails guys have just been introduced to their first pump and dump.

 

‘Moment of weakness’: Amateur investors left counting GameStop losses

Source: Subscribe to read | Financial Times

 

Maybe it'll be like BTC and soar to $1,000... 3 years later.

 

the silver squeeze has to be a long term play , taking physical delivery of the silver and STORING it maybe for decades ( if you don't store it at home , the futures market continues unimpeded ,, as your holding facility is liable to be playing the futures with your silver )

i hope those trying to squeeze silver understand that ( just like VAS will lend out the portfolio shares to generate extra revenue )

 

a short squeeze works best when some folks are swimming naked , so there is really desperation to settle those trades ( so the 140% short position was a clear signal for the alert , and the wise would have exited around a 200% gain if they got in early )

am not agile enough to play this game but it is essential YOU know how to play it ( even if you avoid playing ) so you know what you are up against ,

including folks changing the rules quickly to benefit one side of the trade

for example if you avoided GameStop but saw the short squeeze worked you would look at other ( good ) stocks being sold down to satisfy margin calls and to pay for losses inflicted

 

Robinhood gives every user a free stock for joining the app, the algorithm gave some people GME before the wall street bets phenomenon

Robinhood Traders Who Got Free GameStop Display 9,000% Gains — or Regret

Some hung onto their freebie shares from an online brokerage, while others sold over the summer well before last month’s surge.

The month Nathan Greninger received stock in GameStop Corp. for free from Robinhood Markets, the shares were trading at about $3.70 each.

That was last March. Americans were just starting to hunker down at home during the early days of pandemic lockdowns, stocks were tanking, Reddit’s WallStreetBets forum was an obscurity and GameStop was a largely forgotten mall retailer. In short, it was a lifetime ago in the cultural consciousness.

So Greninger, 21, didn’t think twice before selling it in June for $4.95. Little did he know then that GameStop would soar to stratospheric heights above $400 by the end of January. While the shares have retreated from those lofty levels, they are still trading at more than $100.

“Wish I would’ve held onto that now,” Greninger said. “I could’ve used the extra money.”
It’s a sentiment echoed around social media by other traders — specifically those who received GameStop as the free stock Robinhood gives customers as an incentive to sign up. Not all new clients receive GameStop, specifically. The company’s terms say that “shares of free stock are chosen randomly from our inventory of settled shares.”

Customers can keep the stock or sell it after two days. While 98% of the stocks gifted are valued between $2.50 and $10, the value could reach as much as $225, according to Robinhood. A spokesperson for the company declined to comment.

cont.......

 

It's now at $137.
Funds still have to cover their shorts, and eveytime they do the price goes up and they loose many many millions. Still a couple more billion dollar losses to be realized.

And still small players are not allowed to trade for "market integrity" and occasional "maintenance" or "issues".

Is it not yet obvious that Robinhood and the like are scamfronts for the big players?

As for "order flow" i wonder if CMC is doing it to all the Au major bank traders many of whom now seem to go through CMC Markets for their orders.