The Economic Ninja
@economicninja·587K subscribers·3.6K videos
The Goverment and #CFTC is now trying to scare you so that you stop buying #Silver
Posted
March 4, 2021
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March 4, 2021
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5:34Now Playing#wallstreetbets #wallstreetsilver #slv
DISCLAIMER: EVENTHOUGH I TALK ABOUT CURRENCIES, CRYPTOCURRENCIES, TOKENS, PRECIOUS METALS, AND OTHER "MARKETS". I WANT TO STATE THAT I AM NOT A FINANCIAL ADVISER. THESE VIDEOS ARE BASED UPON MY OPINION ONLY. YOU ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT ACTIVITIES.
From the article:
Rewinding exactly one month previously to Monday 1 February, as the spot price of silver rallied to an 8-year high of just under US$ 30 per troy ounce amid heightened retail interest and the emergence of the #SilverSqueeze, it was predictable that the establishment on Wall Street and in Washington DC, an establishment with a collective vested interest in a low and suppressed silver price, would feel the heat and attempt to counteract the rally.
On the regulator front, this was demonstrated by none other than the US Government’s Commodity Futures Trading Commission (CFTC), whose acting Chairman Rostin “Russ” Behnam, released an unprecedented statement, actually on 01 February, saying that:
“The CFTC is closely monitoring recent activity in the silver markets. The Commission is communicating with fellow regulators, the exchanges, and stakeholders to address any potential threats to the integrity of the derivatives markets for silver, and remains vigilant in surveilling these markets for fraud and manipulation.”
Although a short statement from the CFTC, it signaled panic, panic on Wall Street and in Washington, that a #SilverSqueeze triggered demand surge in physical silver could pressure the supply side and thus trigger the collapse of the gigantic ongoing paper silver trading charade.
The statement also signaled that the #SilverSqueeze was critical enough to Wall Street that the CFTC felt the need to coordinate with other regulators, exchanges and stakeholders (i.e. bullion banks). But more so, the statement was both hilarious and hypocritical.
The WallStreetBets and the Reddit community caused a short squeeze on GameStop GME and AMC stock in 2021. I believe that they want to make Silver, SLV the next short squeeze? If this is true what would the outcome look like? How do you buy physical silver? Should I buy SLV Stock or silver bullion bars? Robinhood didn't allow users to buy GME and AMC will they do the same with SLV silver stock etf? What is a short squeeze? Why did Robinhood not allow their users to buy stock? Will Robinhood go bankrupt? Robinhood CEO Vladimir Tenev publicly announced that he believes Robinhood made the right decision to not allow users to buy Gamestop and only be able to sell. Wallstreetbets calls on SLV Silver stock and physical silver bullion as the next short squeeze. Is it possible to have a short squeeze in Silver? What does this mean for Bitcoin and the Dollar? Will Elon Musk tweet about silver next? Did Citadel bail out Melvin capital and are they short silver? What will happen to the banks if we buy silver? How much silver do the big banks own?
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