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Nobody likes the scum…millions of ants will eat the largest giants……
do the redditers have the staying power?
AG, WPM, FSM, SVM, others, look like they have bottomed and are rising into the afternoon trade.
edit: AG has clawed its way back up to $17.00 (up 23%) others, similar performance…
EXK, AXU, HL, PAAS, CDE….
To my mind this is FRAUD and someone should face criminal penalties. Of course we know no one will because that’s not the way America works.
Subway is SUED after tuna sandwiches are ‘revealed to be anything but tuna’ and ‘don’t even contain FISH’
https://www.dailymail.co.uk/news/article-9197909/Subway-SUED-tuna-salad-revealed-tuna-isnt-FISH.html
Robin Hood but it was everywhere why just them.
From Armstrong
Looks like Robinhood got caught stealing from the poor to give to the rich “hedge funds.”
Look what they can do to PMs too.
ANSWER: Shutting down the market in GME is outrageous. But this is by no means unique. Back in 1980, the COMEX did not shut down the silver market to force the Hunt brothers out of silver, but they made it much more expensive to be long v short. They aided the investment bankers as always. Even the Chicago Board of Trade raised the margin to trader silver by 10x the very day of the high – January 18th, 1980. History repeats because the corruption never changes.
Buygold
That AG move was I’m guessing for advanced trading platforms and people already positioned. That’s why I didn’t bother trying to trade it just heads up to anyone holding it.
Glad Ipso wife made a profit.
We’ll see what happens tomorrow but I was just looking at the pop to come today not risky moves where you could get locked out.
KUNSTLER=The people of this land are flying blind into a maelstrom of hardship. Everything is going south at once here, and you probably don’t know it.
https://kunstler.com/clusterfuck-nation/flying-blind/
If you think we’re headed into a transhuman nirvana of continuous tech-assisted orgasm, social equity, and guaranteed basic income, you are going to be disappointed
Events are in the driver’s seat now, not personalities. Gil Scott-Heron was right way back in the day when he said, “the revolution will not be televised.” Only what he called “revolution” turns out to be collapse, led by the disintegrating news business, so that the people of this land are flying blind into a maelstrom of hardship. Everything is going south at once here, and you probably don’t know it.
If you think we’re headed into a transhuman nirvana of continuous tech-assisted orgasm, social equity, and guaranteed basic income, you are going to be disappointed. Our actual destination is a neo-medieval time-out from all the techno-dazzle of recent decades. It’s not as bad as you might think. The human project will continue at a lower pitch, probably for a good long while, but minus most of the comforts and conveniences we’re used to, and with very different social arrangements. You can waste your energy hand-wringing and wailing over all this, or summon the fortitude to go where history is taking us and make something of it.
For those perhaps not paying attention, Covid-19 has destroyed what remains of education, especially the public school system. It was already moribund, waiting to crash, reduced to a pension racket for teachers. Going forward, the money won’t be there to operate these giant centralized schools and their yellow buses (while paying out pensions). The virus has kick-started exactly the kind of home-schooling pod system (several families combining) that can be reorganized into small-scale schooling for people who want it. People who don’t want it can move into their future without knowing how to read or do arithmetic. We’ll finally get a good test of the noble savage hypothesis. As for the colleges and universities, their business models are toast. They’ll be downscaling and shuttering as far ahead as the eye can see. Whatever remains will be more like finishing schools for neo-medieval ladies and gentlemen — and, by the way, the distinction between men and women will be reestablished. Why? Because reality insists on it. There will be plenty of work for former professors of Intersectionality in the sorghum fields.
The old economy is wrecked. Many Americans already know this because they’ve lost their businesses and their livelihoods. What used to be there isn’t coming back. But there will always be ways to make yourself useful providing things and services that other people need, just not within the crumbling armature of the economy we’re leaving behind. There will be a lot of debris left in the way to overcome, especially the crap we’ve smeared all over the landscape.
Buygold
Yup I too got carried away thinking, we might have game changer, but as u say the scum is letting everyone know who is boss.
As Ipso says they really have done a job on Gold….then look at the SM, since it bottomed it has been up every one of the last 9 hours, not even 1 down hr…..
Maddog-also Robinhood
Remember when they were supposed to be the trading site for the little guy?
Well they completely hosed the little guys on their site by only allowing them to sell GME and others.
Just another Wall Street scam.
Comex silver
Silver has traded in a $2.00 range and is currently sitting at about mid range and just above the 20 day moving average.
Maddog
The Reddit crowd is being shown who’s boss. Half the gains in SLV gone. Same with AG.
The scum is selling in 100 share lots. I bought some AGI and it took 8 orders to fill it. 6 of them were under 100 shares.
The brokers are helping them all the way down.
Too bad, I was having dreams of AG doing a Gamestop style move, but that will never happen in pm’s.
Buygold
Gold back to where it was, yet the SM is just flying….look at Twatter up near 7 %…yet we know they have lost anyone who supports Trump etc, which is millions…..Twatter is clearly a Swamp darling
looks like the scum have taken the Reddit crowd move as a personal insult…..they will be crushed.
GPL was up @ 8 % now Unch…..the selling is non stop in all PM shares…….the scum are not happy…..and of course we now know there are no courts/regulators that give a damn……the scum are part of the swamp..
and…here they come…
Same old. Just haven’t crushed the shares quite yet but no doubt it’s coming.
Buygold
The Reddit crowd will have to stand for delivery/buy shares fully paid and demand delivery etc, otherwise the scum will just short them all day and blow them out.
But what it will do is publicise the short games of the scum…..not that they will be too worried about that, anyone who agrees will be labelled a Domestic Terrorist.
@ipso facto re 11:02 Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets.
This all sounds and looks like the stock market has evolved into a thing like the futures market, where people VOTE on a price rather than REALITY of a price or value. Hopefully this 60 years ABNORMALITY of everything will all reverse over time.
The gov’t CIA Media has created a Frankenstein Monster Sociaty created thousands of abnormal people with abnormal thoughts and opinions including leadership itself. In the old days we thought of CIA like James Bond a spy.
But THESE days? The domestic CIA operating in all states is obviously loaded with grown up Affirmative Action Babies, fresh out of college, trained for Sociology and Phycology, Social Justice and humans are ruining the planet crap.
Another thing I noticed about their training and personalities. If you try to explain anything about different and accurate views, they immediately “shut you up and don’t want to hear it.” Or come back with a silly ass answer.
Everything that was normal in the old days was made abnormal. Everything that was abnormal in the old days, was made normal. And everything is SCREWED UP and failing.
Maddog
Almost wish ZeroHedge hadn’t noticed yet.
Is The Reddit Rebellion About To Descend On The Precious Metals Market?
https://www.zerohedge.com/markets/reddit-rebellion-about-descend-precious-metals-market
Except no-one told the scum and sure enough, the scum are selling hell out of tdys rally’s……the scum of course pay no margins and never have to deliver….as the regulators are too busy watching porn.
MUX having a good day too on huge volume
Scum back into AG and pushing it down.
Scum Hedge Funds are working with the even scummier Brokers to limit the short squeezes against the hedge funds by raising margins and limiting trading.
The one advantage we have is that our sector is so small that it should be easy to squeeze.
Gamestop back to $200 after hitting $500 last night thanks to the criminal brokers helping their hedge fund buddies.
The “little” people are not supposed to be kicking ass on the hedge funds and making lots of money
Crackdown Arrives: Interactive Brokers Joins Robinhood, Blocks Buying Of Gamestop, AMC, Others
Update 0925 EST: Interactive Brokers has joined Robinhood and has put option trading in some names into liquidation. This headline crossed the terminal around 0925EST:
INTERACTIVE BROKERS PUTS SOME OPTION TRADING INTO LIQUIDATION
In a statement to CNBC, IB said:
“As of midday yesterday, (1/27/2021) Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.”
Maddog
Totally agree about the huge # of short shares in the miners ( that are off the books).
GLTA!
ipso facto @ 10:21re AG and Bad Post
I tried to copy paste a post I made on the 19th to buy AG on that low point.
from 1/19/21 this chart, high volume bar in the $12 area $14 yesterday, $18 today, even without today 12-14 was good.
deer79
Re AG tks for that ….I see they had some good news
First Majestic Gets Break in Opening Round of Mexico Tax Case
https://finance.yahoo.com/news/first-majestic-gets-break-opening-011605204.html
but then they say this….they are unaware of any reason etc.
https://finance.yahoo.com/news/first-majestic-responds-market-activity-145200552.html
Once this mkt finds out about the shorts in PM’s…..then stand back……my bet is that there are millions and millions of shares short, unregistered/off the books……but they will have to be margined/settled at some point……same in Oil sector….