#SilverSqueeze…. IT’S A TRAP!!!

As with anything you read in the financial press it pays to do your due diligence – and would you believe it? WSB Are NOT Pushing Silver.

Bullion.Directory News 01 February, 2020
By Alison Macdonald
Commercial Editor at Bullion.Directory

In the words of the late great Admiral Ackbar…

Having been reading about the great WallStreetBets #SilverSqueeze all weekend and watching Zoom call after Zoom call of excited precious metals experts getting ready for Silver’s moonshot this week I started to get a strange sinking feeling…

What if it was little more than BS. What if retail investors were being played? What if this was some kind of conspiracy against conspirators? What if this was little more than revenge of the hedge funds for the royal drubbing they received last week?

And I wasn’t alone – both my colleagues and the gold investing team were getting the same vibes. So I did what any self-respecting conspiracy theorist did with a gnawing spidey-sense tingle and took my shizz to the source – WallStreetBets.

I was there for all of 30 seconds when I realized something that had seemingly escaped CNBC, CNN, Fox News and their ilk. This was nonsense.

Nowhere was this more perfectly summarized than in the post They Act Like SLV Is So Fetch.

Here are but a tiny sample of quotes:

Cramer going on CNBC and rambling about silver right now and calling that a reddit move. These guys are so disconnected from reality or consider themselves too clever to put this on us.

My mom randomly sent me a text asking if I have bought GameStop and silver, saying that she had bought silver. They’ve co-opted the Reddit name to manipulate boomers.

I am here all the time and I barely hear anyone talking about silver except to say dont buy it. Then all these news stories, and im supposed to believe that USA today and Yahoo have their fingers on the pulse of this sub better than I do.

Its just blantant in your face manipulation. Is there any market news source not in the back pocket of the hedge funds?

The haven’t made a mistake. They know you don’t know how to trade commodities. They are banking on you going into your Robinhood app and buying SLV, massively driving that price up, before they start selling off their massive quantities and dropping the price of SLV so hard that the retail investor is burned so bad, he/she never attempts this sh*t again.

This is an attempt to put you in your place.

No one comes on here and pitches commodities, ever in my 3 + years here I’ve seen a hand full of commodities/weather guys and no one comments on their sh*t because they are too high functioning. Although, all respects paid to the gourd master himself

the only time anyone has every talked about silver or gold on here, it’s in the context of super high-risk SLV and JNUG options. NO ONE HERE TRADES COMMODITIES. Yet the media is somehow flooded with articles saying WSB has “turned its attention to silver.” Clearly bullsh*t misdirection by someone.

Like, they do understand that Reddit is social media and that we can talk to each other right? They’re trying to treat this like a prisoner’s dilemma, but the obvious conclusion was everyone on Reddit seeing and posting these stories making fun of them

There are literally thousands of comments like the above. This is not a WSB Move. This is a big con.

So for the love of all that’s holy, before you head down to your local coin shop to spend next month’s rent on some overpriced Silver Eagles, or you spend the next 30 minutes going from online bullion dealer to online bullion dealer looking for someone, ANYONE willing to take your hard earned cash for a couple bars of the devil’s metal, take a moment.

Are there any hedge funds poised to make a killing from this new Reddit phenomenon?

**Cough** Citadel **cough**

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