Jason shares his thoughts on the new silver short squeeze that the Wall Street Bets crowd is trying by cleaning out physical silver from bullion dealers and buying up shares of First Majestic Silver. (NYSE: AG).
Silver Futures Soar 8%, Rise Above $29 As Reddit Hordes Pile In https://www.zerohedge.com/markets/red...?EUR<
Unfortunately, this has been tried in the past and the CME Group, which owns the COMEX, LBMA and bullion banks changed the rules a lot in a short amount of time in 2011 to stop paper silver prices from rising and then the silver price crashed in mid 2011 and ended up a bear market for over 7 years after that thanks to paper price manipulation.
SLV records one-day inflows of $1 billion Friday, more to come https://www.kitco.com/news/2021-02-01...?EUR<
SD Bullion CEO Gives Silver Squeeze Update on Bloomberg TV https://youtu.be/Yk7lqvb2nHk?EUR<
Why you can't buy silver right now; return of 'Hunt Brothers' scenario? David Morgan https://youtu.be/V0hUYCVIl34?EUR<
Citadel's Silver Bet Exposes Rifts in the WallStreetBets Army https://finance.yahoo.com/news/citade...
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.