Loading ...Whether it’s now or later is always and always has been the question. Personally I have held and watched gains evaporate far too many time over the last couple of decades and knowing the “now or later” question has always evaded me.
Food for thought:
“If you didn’t know what a gamma squreze was 48 hours ago, you are their exit strategy and the down payment on their next Porsche…”
Futures begin at 2:30 pm est. today. When and if the rig is broken we should be sitting pretty in shares and physical. Good time to be a bug.
I started noticing very strange up-spike chart patterns maybe 6 moths ago. My thoughts were it’s related to those multi million dollar algorithmic trading computers.
So, we could say the GameStop up-spike chart was simply the first time a chart like that got on prime time TV. With a story. “Small traders get revenge and attack and kill big Hedge Fund managers”
This is a great David and Goliath media story for ratings too. And knowing the history of how their Media operates, they tend to direct or funnel people’s attention in a different direction on purpose. After all, why give honest smart and info with value for free.
So let’s ask ourselves, why didn’t their media ever mention the unfairness and mindless stock price manipulation of those trading machines the hedge funds use???
Maybe those machines need to be banned, like a 20 or 30 round high capacity magazine. After all, they have no place in a stock market where stock values are supposed to be determined by research, not something that hits the “news” which triggers the machine.
I also don’t think it’s right or legal for a stranger or person to sell shares, or bullion, that they don’t even own. It doesn’t make sense. @seattlesun years ago coined it “a casino economy” long ago on Vronsky’s site.
If somebody wants to bet on a lower price, there should be a different way to do it like buying super bowl boxes or something, not actually selling shares that helps the gambler help himself be right or win.
“Just Sayin” The local media uses that phrase with their opinions.
PS maybe it was the machines themselves that killed the hedge fund bets. Like suicide. Or like they created a Frankenstein monster and got killed by their own creation. I forget the guys name that invented it (a genius) but he lives out east on Long Island.
Oh I am not abandoning pm’s. Agreed it is early days. But I like to set a plan so in the heat of the moment a more thought out action is taken. I started Fortuna and PSLV positions last week so that if I simply decide to sell AG have other horses.
Actually I have at least a dozen pm positions some though small as are lottery ticket type micros.
But AG is a big position and requires careful thinking. Time for more coffee.
aurum
FWIW…….if yr not leveraged then it is very early days, to worry about where we go…..people like the Adens reckon this mkt will run till 2025/26, as of now they think we could still go much lower, as do many others….but the WSB crowd my well be a total game changer, if it is the ride will truly wild, as the scum fight and fight…daily swings massive….something was always going to trigger that 40 year saucer base in silver, that projects prices unto the multiple $ 100’s …this might well be it.
I guess I will use a trailing stop knowing that one of two things will happen. Either I will be whip sawed out too early or even if not the actual sale price will fall so rapidly to be below my trailing.
Or I could simply sell and not be involved.
Or I could set a stop loss around current price.
If Barney was still alive, he would help me with the decision but I am on my own now.
aurum
FWIW…….if yr not leveraged then it is very early days, to worry about where we go…..people like the Adens reckon this mkt will run till 2025/26, as of now they think we could still go much lower, as do many others….but the WSB crowd my well be a total game changer, if it is the ride will truly wild, as the scum fight and fight…daily swings massive….something was always going to trigger that 40 year saucer base in silver, that projects prices unto the multiple $ 100’s …this might well be it.
as the position has now grown to a third of my portfolio and I really don’t want to give up those gains.
The Robinhood BS will take some upside volume out, I think we saw some of that toward the close Friday.
I could be wrong, maybe they’ll blow up SLV and send it to $75 but after years of beatings I’m always looking for the next one right around the corner.
Dear Friend of GATA and Gold:
In his latest interview with Shane Morand for Kinesis Money, London metals trader Andrew Maguire explains why the “Basel III” financial stability rules, which are soon to be imposed by the Bank for International Settlements, will push major banks out of the “daisy chain” of unallocated gold contracts and into physical gold holdings by the end of June.
Of course I had read about the GME short squeeze and found some entertainment in it. But now that one of my bigger positions is caught up in it (AG) I have had to seriously think about it.
What is the exit plan? Perhaps some small accounts don’t care if they are blown up. But the others? Eventually the buying will stock and then no regular investor will buy. How long until someone starts for the door. It could get very ugly very quickly.
I suspect the hedge funds simply obtained money to cover their margin calls but held their shorts perhaps even adding seeing the train wreck coming.
This has to potential to destroy AG as something I want to be involved with for a long time.
Tell me it ain’t so?
aurum
Re stox lending out.
If u have a fully paid share u can demand that yr Broker not lend them out….not sure u can still get the certificates, which really stops any lending, as it is all electronic now, Brokers hate u for doing this, but good ones will ……Any other type of account, such as a Margin account, lets yr broker do as they wish….u also cannot stop a Fund lending the shares out either.
the notice on td ameritrade says that the stocks listed can be bought or sold in any quantity as a simple buy or sell. there are restrictions on shorting and complex orders.
That is why hopefully most of us are mainly holding physical.
That “Happy Hawaiian” and his $75 April Silver prediction would be a nice surprise. I have to think SLV is a lot tougher to move than GME.
Either way, I give Robinhood about a month before they go belly up.
Just hope these Reddit/WSB guys take a run at SLV, about time someone does.
As I understand the mechanics of my brokerage accounts if you have a margin authorized or option authorized account, any shares you own can be lent out for shorting. It is more than likely that my AG stock has been lent out and so is part of the force pushing against my long view.
I have read that ALL Robinhood accounts have in the fine print the agreement that their positions can be lent out for shorting. Apparently if your stock is lent out you no longer technically own it and so if the brokerage went down you would only have a monetary claim not a property claim.
I hope I am wrong about this, but you might want to check out the mechanics of your own accounts.
aurum
I received 20 one ounce rounds in the mail today. I hope it helps the squeeze. I ordered random rounds and got 20 new Indian head rounds. The old stuff just isn’t available, even in the bars.
rno
Here is a link to an interesting video from SGT Report.
Is the US Military really in charge, and is what we are seeing really a movie?
Weekend viewing for hopium grins if nothing else.
Link: https://www.sgtreport.com/2021/01/the-military-is-in-charge-joe/
“Shorting In practice:
Somebody wants to short $GME. Most HFs that short-sell first ping their PB to “locate borrow”.
In order to meet legal requirements, the broker has to find un-lent shares (so the same shares aren’t lent twice). The PB will “tag” those shares, indicate to the client the prevailing cost to borrow, and provide the client a “locate ID” that guarantees that client those shares.”
India plans to introduce law to ban Bitcoin, other private cryptocurrencies
India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget session of parliament.
In the agenda (PDF) published on the lower house website, the legislation seeks to “prohibit all private cryptocurrencies in India,” but allow “for certain exceptions to promote the underlying technology [blockchain] of cryptocurrency and its uses.”
The law also seeks to “create a facilitative framework for creation of the official digital currency” that will be issued by the nation’s central bank, Reserve Bank of India, the agenda said
India plans to introduce law to ban Bitcoin, other private cryptocurrencies
They sure are trying to protect their Fall st buddies, but so far it ain’t working…..apparently they all thought that by taking away margin buying on Thursday, the longs would cash in or try to and the price would collapse back…..But the WSB crowd just said no thanks, yr not hurting enough and even worse went out and bought out of the money calls, immediately exercised them and said gimme the shares…..
Reports are that there are still 113 % of the float short…but that is the official story, what about all the Black Pool possies are they reported and then there is the offshore stuff, where no reporting is done……not sure now, but Germany was really bad for this a while back, …u could naked short all day and never have to deliver anything.
Also it’s very poss that Robinhood and other brokers were lending out client shares, which they are now at risk of not getting back, if the Hedge Funds blow up……
needs to get his 10 % just like the Mafia ,Yellen got her “Speaking FEE” in advance ..so everything was set up in advance , to get Plausible Deniability in place .BTW where was favorite SON and what was he doing ?
What those criminals at Robinhood have done is protected their hedge fund buddies from allowing our pm shares to be susceptible to a short squeeze.
I haven’t checked what amount of any of those shares I can buy from TD Ameritrade but I will on Monday.
Now everything makes sense as to why we dropped into the close in all three of those names. If we had some smart large hedge funds, they’d join the fray and start buying up those names and continue the squeeze.
Our markets are so corrupt it’s ridiculous.
