Post by
Farquar on Feb 19, 2021 9:52am
Short squeeze could very well happen if people got organized
After industries buy their silver to use in their various technologies, they say there are only about 300 million ounces of newly mined silver available in one year..If you had only 1 million retail investors buy 1000 ounces each , right there you get an aggregate buy of 1 billion ounces, well over 3 times the available supply...Yes there are (maybe) a few billion ounces of scrap silver in the form of grandma's silverware etc.etc. but this would take years to bring into the market , and that is assuming it hasn't already been sold or that enough people would even contemplate selling it...Anyways, in this day and age we can quickly mobilize millions if not tens of millions to invest in an asset...I hope this happens , as gold will follow the trend much higher. ...
Comment by
Highwired7 on Feb 19, 2021 10:33am
When the global cartels/manipulators have unlimited paper silver/gold to print and dump on the market anytime they want, with regulators looking the other way, it's a bit difficult to predict whether PM's could be effectively squeezed or not.
Comment by
2008run on Feb 19, 2021 2:00pm
Yes, just like the job WALLSTREETBOYS did on GAMESTOP 3 weeks ago. They have the option to buy in either USD or CAD!