Robin Hood day traders take revenge on stock market

I don't pretend to be across the investment subtleties in all of this but what did stand out to me is the suppression moves by big tech and the media language about 'criminal market manipulation' by retail investors. Its the election all over again, distorted stories in the media, the 'undesirables' are branded as criminals, big tech shuts down the enabling platforms which challenge the 'system'.

This is the new norm IMHO. Acquiesce or be crushed.

I look forwards to a truly decentralised internet where internet services like web hosting and the voices they host cannot be shut down on at the whim of big tech. I'd invest in that.

I'm a bit more pessimistic than that. Wall Street is a club of billionaires who look after each other to the exclusion of everyone else.
These robin hood guys are not members of that club. As dirtdiva mentioned, the media narrative is already being set against them. My gut feel is that it is for their prosecution or at the very least to scare off anyone else who tries it.
The 'big boys' absolutely strangled wikileaks by hitting them from every angle. You literally couldn't even give wikileaks money by the end of it and we all know what has been done to Assange.
Whether or not you agree with what Assange did is largely beside the point. It shows what happens to anyone who dares to go up against the 'club'.

I might have been swept up in the stick it to the top one percent. It wouldnt be abnormal for these assholes to play this type of game and see if they can get away with it.

wallstreetonparade.com/2021/01/gamestop-shares-dark-pools-owned-by-goldman-sachs-jpmorgan-ubs-et-al-have-made-tens-of-thousands-of-trades/



This might be a case of gamestop being the paun in the game to aquire bigger targets in the so called "free market".

I just read an article about these new investors buying up silver coins and bars over the weekend, driving prices up. I don’t know how much or any specific details yet, but will watch spot price tomorrow and thru the week. I’m not much for day trading but there is no doubt if this new phenomenon continues the ones that get in and out early can make money.

Apparently now silver go brrrrr.... 

There are a few big whales buying into it like an Asian billionaire, Elon Musk posted support. 
They trader funds that prevented further buying are  now facing multiple class action law suits.

In history when the ravenous mob combine, no gov has ever been able to stand. 

Silver is one of the most shorted and manipulated of all stocks, being a physical commodity there is nowhere for the fat cats to hide. 
Just the online thumbs up on a reddit page has spooked the silver market, no one can purchase physical silver any more.

Hehee check the billboards the mob have paid to get erected., mocking the fat cats.  Much watch, this is personal and war. 

www.the-sun.com/news/2240915/gamestop-reddit-army-troll-wall-street-billionaires-banners-billboards/

The Perth Mint was out of silver in most types by 4pm. I haven't seen it pop off so much since April last year. We had talked about buying some last week, and managed to get some (at a reasonable price) this arvo but if you were buying rounds you weren't buying cheap. We'd already priced in to buy and this wasn't a "OHHHH SILVER SQUEEZE!" purchase for us. It never is. It's a buy and hold until the market fails and then have physical commodities in hand to protect ourselves.

A lot of people on WSB seem to be arguing that it's a manufactured distraction designed to make people jump ship from GME and go to silver instead. Which is highly possible, but to be honest I don't care if it's the folks wrapped up in commodities shorts or hedge shorts that eat a bag on this one. Neither one has my sympathy. But I do have a decent amount of concern for the fall out of the markets blowing up if this becomes a chain reaction thing.

Now I don't know for certain that it will squeeze. But I DO know that one of the financial advisers that I watch on youtube with a very small fan-base but a very good history of picking the highs and lows said that he thinks it looks like the start of a possible squeeze. He also said that he's recommended to his paying subscribers to buy in.
Old mate was successful enough in his market analysis to retire at 55 and literally does this stuff out of interest at this point. He doesn't need paying customers to foot his bills and you can tell that from his videos. So will silver squeeze? Dunno. Doesn't really matter to me in the long run if it doesn't.

But if it DOES...

So I buy an ounce of Silver for $35 and then sell it five days later for $38 how does that make me rich? I just don't get it!

Your right about making 3$ on one ounce of silver being no big deal.  But there are fund managers out there that can buy huge amounts of it, making it worthwhile.  I don’t believe silver will move anything near what GameStop did. It’s a much bigger market the Hunt brothers tried to raise the price of silver years ago. (Yes, the Hunt catsup guys).  They bought all the silver they could thinking when it went up in price they would sell and get even richer.  They actually got the price I think to around 50$ an ounce.  They also got into a lot of legal trouble for attempting to manipulate the market and ended up loosing a ton of money.  I don’t know what this current market bounce will end up doing but doubt silver will go up more than 20%.  With that being said a 20% gain is pretty darned good in this terribly low interest rate economy were in now.  I have a decent amount of silver and will sell if it goes up enough with the intention of rebuying once it drops back down.