RE:Wallstreetsilver Silver Squeeze
There was a pop up less than a week after that became public knowledge, & it quickly evaporated. I bought VIZSF on a Thursday for $1.195 & by mid morning Monday it was $1.37 on pure speculation. I wasn't following DSVMF at the time but all junior silver miners benefitted from this Reddit movement for a few days. The problem with their philosophy is they are not fighting the dragon, they are squeezing the retail physical market. The beast trades in paper, 100's of times more than the actual physical specimens. The way he is defeated, if one would garner millions of people to do it, is buy paper contracts & demand physical delivery. This, on a mass scale, completely changes the rules of the game. The minimum contracts are too large for the average guy to buy & take delivery on a whim. Buying up all the retail silver just jacks up the price of retail physical silver. They have succeeded in doing that but the evidence is they have had no lasting effect on spot price. What made the Hunt brothers different was they took delivery, on everything. And it was something the world had never seen before. But they were doing it on increasingly borrowed money. It could work again, but it must be in the paper market, translating in to the physical market by taking delivery. Buying 100 eagles just helps jack up the price of eagles .