Someone is throwing a lot of money at this, looking at the ridiculously many Reddit awards. People buying bill boards and such.
Could be the elite:
Main street is absolutely correct that the squeeze will cost the hedges $100B+ losses at the end of it (all squeezes combined). How much of that will go back to the elite (as the counterparty to the trade), is anyone's guess. It might lead to a market crash, especially if they go after silver next. Although, some think the silver thing is a distraction from GME due to it being promoted by suspicious accounts: https://old.reddit.com/r/wallstreetbets/comments/l90om0/silvershortsqueeze_is_a_trap_designed_to_direct/?utm_source=share&utm_medium=web2x&context=3 Other say the opportunty is real and we just need to wait till after GME battle is won (since we only have so much capital).
It may well be a sacrifice the elite is willing to make to usher in the Great Reset. Or it could be something they DID NOT initiate, but supported after seeing it as an opportunity to usher in the Great Reset. How? The government gives money in exchange for an equity stake, resulting in ownership. From what I understand, the plan is for people to own less and the government to own more.
Or could be not the elite:
Because it's the average people (the voters across the political spectrum are united on this) that are putting their life earnings into this to see the elite lose, there will be great pressure on the government not to bail them out again. That will nullify the sacrifice of the people. Fastest way to unite the people against a common enemy. I'm not sure uniting people across the political spectrum against the elite and the government is part of the elite's plan.
Or maybe it's a plan by the "Resistance" to bring down the elite but uniting the people against the elite. Ever think about that? This might be the start of a movement.
We don't know. Only thing we know is that without the squeeze, status quo will continue.
Also forgot to add:
Trump left Biden with a market that can grow no more. Even when Trump took over, some economists were already saying Obama had topped out the market and it would crash soon(TM). But Trump somehow grew it faster than Obama (annualized for comparison): https://finance.yahoo.com/news/trumps-stock-market-return-compares-133512157.html
There's no space for Biden to grow (Trump added a lot to the national debt due to the virus, so now there's a lot less fiscal space for Biden to continue spending), and now this attack on the market.
He's going to be compared to Trump, and not looking good for him.
r/wallstreetbets logo looks like Baron/DJT.
Elon Musk probably bought a bunch. Many of the GME shortsellers shortsold Tesla repeatedly and made it harder for Tesla to raise money.
It could be used as exuse to prohibit any earnings on financial marker for "plebs". "Look what they do with that very fragile thing named economics!!!!1111 Ban them! Only specially educated professionals should play that game".
No they want plebs in the market, but playing with disadvantage, so they can continue to rob us. So they might put in place rules to ensure that. 401k retirement accounts brought a lot of pleb money into the market. Robinhood sells order data to Citadel, so they can front run trades as they have a faster connection to the market.
But that will unite the people against the government and elites. The people are putting their hard earned money into this, and most understand there is a risk of loss. If the SEC or anyone tries to undo their efforts now, someone will pay a big price for that, given the unity this time.
Yup that part about awakening of the people is what makes me think all this is not a part of the elite's plan. Their desperation is waking people up, and they know that, and they still continue being desperate.
They're throwing away decades of work of infiltrating and controlling and moulding of people's minds when they could have laid low through 8 years of Trump and then continued as usual.
Gonna go with not.... They are moving to silver monday so we will see..... elites have a large pill of that and might off load at a peak but who knows....
Yes JP Morgan has the largest silver pile in the world and will benefit from a rise in prices (incentive to act as an ally early on in the squeeze). But elites are also the ones shorting the market. I'm not enough of a finance expert to understand whether it will hurt or help them.
Well...... IF people are quick they will unload at the raise around 70-90$ a oz and if they really get it to 100$ and then buy again around 50$.....I wouldn't wait for a true peak I would go before and buy everything plus my extra back or diversify the protfolio into ammo and guns... Thats my grand parents plans....
Wall Street bets is uncertain of silver, they're worried its a trap.
https://www.reddit.com/r/wallstreetbets/comments/l90om0/silvershortsqueeze_is_a_trap_designed_to_direct/
....... Is the stockmarket not a trap? I do get their reasoning tho.... If ya sell on the rise and you've been collecting since they were about 5$ a oz the investment selling at even 50$ is worth it..... If anything copper or molly is a better bet since that is not a horded metal....
Citadel is a major investor in silver. And the Wall Street bets people are actively working to crush them.
In addition, people are actually making money off of $GME by taking long position that Melvin needs to buy to cover their shorts.
Yes and alot of people have made a good amount on GME, diversfication is the answer...... again I think copper is the metal they should go for if they want to hit a metal not silver.... silver has been horded by alot of people who will sell at that peak...