Some Redditors set their sights on silver after GameStop frenzy (Other Redditors have pushed back against that claim - all the details in the article)
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this is a conspiracy theory and not grounded in the reality of how the market works. People are getting banned for posting that link because it is so far offInvestment firms have filed forms with the SEC saying that they own more stock of GME than actually exists.
The real reason Wall Street is terrified of the GME situation
Posted in r/wallstreetbets by u/johnnydaggers • 58,153 points and 7,905 commentsold.reddit.com
tl;dr
They filed these forms because some people actually own Gamestop stock, and others took out short positions that said "I will loan a share of Gamestop from you, and in return I will pay back the share in the future." So many investors took those short positions that they end up shorting more stock than actually exists. They wanted to use this phantom stock to help continue to drive Gamestops stock price down, and hopefully force a bankruptcy so their short positions make tons of money.
If these shorts have to be paid back, and the amount that has to be paid back is greater than the number of shares that exist in the first place, then the retail investors who actually went out and bought Gamestop stock will be able to sell it to the hedge fund investors who need to pay back their short positions.
If this happens, the price skyrockets while the hedge funds make their short positions whole, then they have the stock and the price starts to crater. If you're a retail investor you need to sell during this window or be left holding an empty bag, sure, but the nature of the situation makes it most likely for hedge funds to be left holding those empty bags.
go through my post history if you want the actual answer
In fact checking the entire reddit website history points out a few days before this "squeeze operation" was happening you can find a few threads outside of wall street bets suggesting silver should get squeezed. This market manipulation would be fairly lame if it wasn't news sources I usually trust peddling this information. Now it's just very dangerous for people not paying attention.
Just strange to me to see a thread based on obvious astroturfing from a massive hedge fund trying to recoup losses. Especially when many posters have pointed out reasons why we strongly believe this to be true.
But you are correct. The community and mods will determine the type of content allowed here.
OP
OP
It’s easier to understand when you realise this is not obvious astroturfing, with several reputable outlets reporting this. They may all be wrong sure but this thread was not made with some intention to boost hedge funds machinations. Not all news about the market is an investment advice or suggestion to make a particular move. Nor should anyone be doing so in any case anyway.
I'm not acusing you personally of malice, to be clear. But again, the point here is that the information within the article, the title, and the title of this thread are blatantly false.
This whole thing is completely false. It's astroturfing; trying to convince the casuals to sell GME and buy silver.
It's really, really, really fucking gross how complicit MSM is in manipulating the market for the benefit of billionaires.
It's really, really, really fucking gross how complicit MSM is in manipulating the market for the benefit of billionaires.
OP
OP
As I understand it, it’s the same as how money creation works with chains of selling(depositing) and lending the same share multiple times. That’s how you end up with more shorts than the original float (or deposit in the money example).
Lol well after reading one post guess I'm not going to getting into the wsb thing. Was that post written by a Q supporter?
Is all of WSB like that link on the first page? That was ghastly on like 6 levels lmao.
Is all of WSB like that link on the first page? That was ghastly on like 6 levels lmao.
Correct. There is some theoretical naked shorting, but that would be small potatoes.
Your intentions don't matter. Threads on this forum get closed all the time when the sources cited are maliciously fooling the reader like yourself. These articles were made to boost hedge funds whether you like it or not.
Have had CNBC on since markets opened and they are going hard hard hard on the Silver story. It's insane how manufactured this is.
I actually just picked up this weekend a small batch of silver I inherited from an uncle who passed away.
It’s going to be a bloodbath when the government finds a way for the hedge funds to win in the GameStop battle and the meme investors lose their shirt in this situation.
It’s going to be a bloodbath when the government finds a way for the hedge funds to win in the GameStop battle and the meme investors lose their shirt in this situation.
If the thread doesn't get locked the title should be changed at least. Story's manufactured, Reddit claims to have no part in buying Silver.
I keep asking myself the same thing. I feel like even mentioning it risks a backseat mod ban, but it's really surprising we have zero communication considering how many people are posting saying they are sending reports.
It's funny there was that thread the other day with the title asking when the mods sleep. I guess now we know.why the fuck
User Banned (1 Month): Inflammatory Accusations
Are the mods in on this scam? The fuck is taking all day and having this exposed to more people?
So correct me if I'm wrong, but yesterday someone caught a two-week ban for saying what everyone in this thread is saying?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
Kid of seems that way. Big corporate news platforms close to Wall Street like CNN, CNBC, Wall Street Journal, etc, all started pushing it around the same time.
What is this clown shoe topic pushing the will of Wall Street?
Even just a casual glance of Reddit would show that silver is a plant.
Even just a casual glance of Reddit would show that silver is a plant.
This is I h an artificial story. If you look at Reddit you see them call out out the bots and quickly banning them.
That ban is pretty ridiculous tbh. I get banning conspiracy theories that play into racist tropes or harmful stuff like anti-vax/Stop the Steal, but a two week ban for calling bullshit on a stock market story? (Plus, none of the threads or guidelines forbid theorizing like this.)So correct me if I'm wrong, but yesterday someone caught a two-week ban for saying what everyone in this thread is saying?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
It's a bit silly to act as if conspiracies do not exist. And in this case, that user's ban should be lifted.So correct me if I'm wrong, but yesterday someone caught a two-week ban for saying what everyone in this thread is saying?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
Well this is not a good look. I'm going to assume like you said, we just don't have the people to go out and vet this stuff. I know modding is tough, but I feel like by now we know what this story is about.So correct me if I'm wrong, but yesterday someone caught a two-week ban for saying what everyone in this thread is saying?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
Honestly, the most disturbing thing about this entire thing is how quickly major media has rallied around what seems to be straight up disinformation campaigns. I mean it takes 2 minutes to debunk a bunch of these stories citing posts from single digit users with <1week old accounts that many times have their comments deleted.
At first I felt like it was qanon shit disregarding media (esp given the vile tone of wsb), but it is plain as day fishy some of the stories that have been run and it's hard to attribute it all just to incompetence and ignorance of boomers reporting on social media.
At first I felt like it was qanon shit disregarding media (esp given the vile tone of wsb), but it is plain as day fishy some of the stories that have been run and it's hard to attribute it all just to incompetence and ignorance of boomers reporting on social media.
Bumping this since it's ridiculous and all the reports for the thread is going ignored.So correct me if I'm wrong, but yesterday someone caught a two-week ban for saying what everyone in this thread is saying?
Staff decided to let these stupid stonk gambling threads continue, and then end up in the totally-not-problematic position of separating good information from bad, with apparently none of the expertise required to do so.
What the hell is happening here? What is the plan?
Devil’s advocate: It’s fairly obvious that the silver hype is fake (if someone has proof otherwise of there being genuine reddit or social media hype about silver, please link me because I haven’t seen any of it), but do we know that it comes from “Citadel bots” and not just some opportunist somewhere with a media connection? There is a lot of incentive for anyone with means to try and hype up a specific stock or future to be “the next GME” - hell, that’s probably what happened with DOGE late last week.
Obviously it -could- be Citadel actors or interns or bots or whatever. I’m sure Citadel and Melvin are desperate if the general WSB and similar communities’ reads on the short percentages are correct. But we can’t say for certain as there is plenty of motive to go around.
Obviously it -could- be Citadel actors or interns or bots or whatever. I’m sure Citadel and Melvin are desperate if the general WSB and similar communities’ reads on the short percentages are correct. But we can’t say for certain as there is plenty of motive to go around.
Official staff communication says silver is legit
Here's the staff link
https://www.reddit.com/r/wallstreet...iggest_short_squeeze_in_the_world_slv_silver/
A four day old post made by a new account that has since been removed.