After a Reddit Trading group, r/wallstreetbets got the worlds attention last week by longing stocks the hedge funds were shorting the group has turned their eyes to silver. As it turns out many funds are shorting silver and they see another opportunity to attempt to squeeze banks and hedge funds.
The group has been restored on Reddit, here is the link.
https://www.reddit.com/r/wallstreetbets/
Their every move is getting attention, but the group is showing both signs of stress, and lack of organization. The Reddit group has grown to 7.4 million members and growing.
#silversqueeze is trending on Twitter, but the traditional stock market is currently closed so it's hard to tell if there will be any great movement or what type of intervention Wallstreet, big banks and politicians will do to protect themselves.
Here is a quick snap shot of where SLV currently is so we can watch as Global Markets open today.
Personally, I am fairly cynical about the financial rebellion's outcome, but I am loving the battles and what it is exposing.
Let's not forget those same Hedge Funds own large stakes in virtually every Media station and can control the narrative. In my opinion big tech, hedge funds and Media will punish any acts of rebellion.
Get your popcorn ready for this upcoming week. Don't get distracted by the sideshow congress is going to try to put on as a method of distraction.
@whatsup