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How Is There Not a Thread on GME / BB / AMC / NOK and Reddit?

Featured Replies

How does the biggest story of the year go unnoticed?

13 minutes ago, Kyle said:

How does the biggest story of the year go unnoticed?

well it is still only January, so I'm expecting there to be some much bigger stories; so I'm trying not to clutter the board

How does the biggest story of the year go unnoticed?
I haven't heard of any of this. Can you please explain in as much detail as possible?
4 minutes ago, washparkhorn said:

tumblr_mms81eRWPl1so9f96o1_500-1416240807.gif?quality=.8&height=263&width=500

 

I have no idea why that's posted in this thread, but I'll quote you so it is here again

Just now, Pato del Muerto said:

What do those abbreviations mean

Need to know basis.

1 hour ago, Kyle said:

How does the biggest story of the year go unnoticed?

how does what go unnoticed?

What are you even talking about

e9b0a76042c3b1bd22db40c856e16085.jpg

1 hour ago, Kyle said:

How does the biggest story of the year go unnoticed?

image.gif.52127bf2bb48d4271b85cfd4c594a586.gif

Lol at biggest story of the year. 
Jan 6 says hi. 

  • Author

This is like Biden Beta kryptonite. Desperately waiting for CR talking points.

31 minutes ago, Kyle said:

This is like Biden Beta kryptonite. Desperately waiting for CR talking points.

Original_Doge_meme.jpg

43 minutes ago, Kyle said:

This is like Biden Beta kryptonite. Desperately waiting for CR talking points.

image.gif.46d882bff953c0b4985a455d4eb0aa6f.gif

I put a little bit in BB, NOK this weekend.

Put a bit more in AMC.

I've never day traded.  Always just bought and hold.  We will see.

I have faith in AMC after reading in the lockdown that AMC is a Chinese company, so I'm hoping they will pump the stock.

Hopefully I'm not too late to the party and this will be a longtime movement.  I just put my toes in. 

Made a bit of money on crypto over the weekend.

If I make a profit today, I will just use that to play forward, if not oh well.

Edited by BNB

Made 8% today just looking at reddit this morning.   Hmm we will see.

 

3 minutes ago, BNB said:

Made 8% today just looking at reddit this morning.   Hmm we will see.

Surprised this thread isn't blowing up.  

Made 50% on Doge and other crypto in the last week.

I'm only betting 10% of my savings now, hoping to multiply that.

 

 

Edited by BNB

they were talking silver this morning also, but I didn't pay attention.

 

Ehh, I will ride the wave of whatever they are talking about in the morning, hopefully it goes up 5-10% in the day.

 

When I first started following the subreddit they were at 2-3m, now at 8m

Edited by BNB

38 minutes ago, BNB said:

they were talking silver this morning also, but I didn't pay attention.

 

Ehh, I will ride the wave of whatever they are talking about in the morning, hopefully it goes up 5-10% in the day.

 

When I first started following the subreddit they were at 2-3m, now at 8m

I don't see the same thing happening with silver. If it does I will eat my words. It seems cocky and poorly informed and out of their depth, frankly. The price might go up some due to increased demand but silver is a tangible item that a lot of people have sitting around in their homes. And it's tied so closely to gold - a commodity that I don't think these people have enough capital to affect in any meaningful way. 

I will expound - be careful about just jumping on anything posted on that sub. A lot of these people are morons. Some of them actually think that silver should be $1,000/oz and that they could get it there. They don't really understand macroeconomics. There are also plenty of actors working in their own interests to influence the mob in different directions. Nothing is stopping hedge funds from infiltrating that sub.

Edited by ztejas

14 hours ago, El Diablo said:

I HEARD ABOUT THIS. MY NEIGHBOR TOLD ME. VERY HUSH HUSH.

On the Q.T?  

48 minutes ago, BNB said:

they were talking silver this morning also, but I didn't pay attention.

 

Ehh, I will ride the wave of whatever they are talking about in the morning, hopefully it goes up 5-10% in the day.

 

When I first started following the subreddit they were at 2-3m, now at 8m

WSBs is telling people not to buy since one of the short sellers holds a lot of silver.

They should try and pump and dump oil. It's a very straightforward, predictable market with nothing but honest, faithful investors that never sees any price manipulation. 

2 hours ago, ztejas said:

 due to increased demand but silver is a tangible item that a lot of people have sitting around in their homes.

I saw an article stating the opposite, that the supply of bars to meet the orders is tight.

26 minutes ago, next2naus said:

I saw an article stating the opposite, that the supply of bars to meet the orders is tight.

I didn't really mean physical demand. I wouldn't think the WSBers would be trying to buy physical silver. I suppose if supply got tight enough then the price might go up regardless. 

The point I was making in saying that it's a tangible item is that there is a loooot of silver out there that isn't usually on the market. There could be random influxes not easily accounted for if the price really started spiking. (basically I was using an example to highlight how different it is - I don't pretend to understand everything about the silver market)

The main point is that it's an extremely complicated market and is nothing like shares of gamestop. 

Edited by ztejas

2 hours ago, Onboard 2.0 said:

I'm sitting on bags of sliver dollars from the late 1880's on, and lots of silver quarters, somewhere around $2k original purchase price back when my dad bought I believe  I have no idea at all what to do with that. The old dollar coins are gorgeous to look at though.

Talk about a relevant anecdote - lol. There are TONS of people like this out there that have never had a reason to sell.

Silver isn't today's phenomenon.  Silver rumors circulated the wider internet last Wednesday/Thursday.  (Bought some calls Thursday morning, flipped it at close this morning fofr +70%)

The thesis behind it is true...or mostly true.  I checked APMEX, Provident, and others.  Silver products are very unavailable.  Last-listed prices literally double from what I bought just a few Christmases ago

I’d follow Ja Rule’s advice if only I hadn’t lost all of my money on Fyre Festival tickets. 

3 hours ago, ztejas said:

... I wouldn't think the WSBers would be trying to buy physical silver. ...

There has been a run on retail products.  Most dealers are wiped out.  Premiums will spike as demand for retail products exceed production capacity at refineries for the near term.

What the WSB want though is to squeeze shorts on the futures markets.  That will require deep pockets taking delivery of physical silver on long contracts until Comex warehouse inventories dry up.  The retail buying is an indirect means to this end as refineries ramp up production to meet demand.  Aside: thanks to Ron Paul, the US Mint is obligated to increase production to meet demand by law.

A dislocation isn't out of the question.  The gold market saw one roughly a year ago when c19/travel restictions/refinery closures/etc. contributed to the Comex running out of physical gold to satisfy delivery demands.  Spot price went haywire until Switzerland restarted their refineries and sent all their production to NYC.  And the Comex changed their rules so they could deliver claims on LBMA warehoused gold.

The markets aren't that bulletproof.  A mass movement by the people could definetely stress them if it's sustained.

31 minutes ago, bernorange said:

What the WSB want though is to squeeze shorts on the futures markets.  That will require deep pockets taking delivery of physical silver on long contracts until Comex warehouse inventories dry up.

Right. This is what I was trying to get at - not sure if I did. I'm not sure if they have the requisite capital to significantly shift the spot price. 

Thanks for the information add - but it sounds like a dislocation or price increase may have happened regardless of what they try and do? - and it doesn't seem like WSB is that on board with a silver play anyway. 

I get the feeling that some of them think if they buy enough paper silver they can effect a short squeeze like they did with GME and just looking at the economics even at surface level they seem like very different scenarios. 

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