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I'm a silverbug, I just like the stuff. But there are some fringe ideas that float in the silver world. The market manipulation people are largely people who
by johnrgrace 6y ago
I'm a silverbug, I just like the stuff.
But there are some fringe ideas that float in the silver world. The market manipulation people are largely people who don't understand how commodity markets work. Yes big traders can push the market around a bit, but they do it to make money. This is a very different thing from GME.
Silver may go up, but I'd be pressed to see it crack $100 an ounce for more than a moment. Lots of stashed silver will flow into the market pushing the price downwards.
- rualca 6y agoI would also add that reddit's wallstreetbets crowd has been pointing out that silver is a manipulation tactic to try to entice them out of gamespot's stock. I have no idea where the truth lies, but it's patently obvious that right now there's an army of sockpuppet accounts, some with a single-post history since their creation years ago, who suddenly started to be very enthusiastic cheerleaders of the notion that everyone should sell GME and dump the cash on silver. Interesting times.
- ryanmercer 6y ago>I'm a silverbug narrows eyes I wonder if you're in the sub heh. If so, for the love of God please report any blah links/comments, I'm getting what I can over there but I'm up to about 4 hours a day now of pure moderating.
- touisteur 6y agoIs that 4 unpaid hours a day? That's some devotion. I'm not trying to be sarcastic...
- ryanmercer 6y agoWelcome to the life of a reddit moderator, although, normally it's more like 4 minutes a day for that sub.