×

Ben Hedges - The Business Shifu's video: SILVER is the NEXT Wall St Bets SHORT SQUEEZE Target

@SILVER is the NEXT Wall St Bets SHORT SQUEEZE Target
➡️ Check out Webull (4 free stocks): https://bit.ly/325EzCt​. 📈📈📈📈 💰💰💰 Hey Business Warriors, and if you have been paying attention you may have heard something about a certain computer games retailer taking a trip. That’s right Game Stop stock soared after investors, and I use that term loosely, on the reddit forum wall street bets piled into the stock, shares have risen 1625 percent since the start of January. The hype was so big someone even bought a billboard in Times Square to promote the stock. And this is because of something called short squeeze, where multiple hedge funds were shorting the stock, borrowing it selling it and buying it back to return it to the brokerage they borrowed it off, hopefully at a lower price. But thanks to the degenerates on Wall Street Bets, the price has risen instead of fallen, then the shorts were forced to buy it at a higher price and this in turn sent the price higher, forcing more shorts to cover their positions buying the stock, and driving it even higher. There are several other stocks that have also been targeted on the forum. Including AMC, Blackberry and a few more, none of these have soared to the heights of Gamestop yet, but we will see what happens in the coming week. And now there is one more target and that is silver. Now this is interesting because silver is a commodity, not a company, but users on the site have been laying out the case for an attempt to drive up the silver price. So in a post that has now been deleted by moderators, a reddit user wrote “Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC” Now that is true about the manipulation, but can wall street bets “investors” actually drive up the price? We will look at that in a moment, but first let’s look at their case for a short squeeze in silver. One user posted this long post about the possibility and I’ll read you out the key points. The difference in price between gold and silver. Although there is a 1:8 ratio between the amount of naturally occurring gold and silver in the world, the difference in price is 1:70. Basically silver should be way more expensive than it is, compared to gold. Silver is used in a lot of green technologies, such as electric car batteries, which now democrats control the three branches of government in the US, we will probably see increased investment in. SIlver is down 50% from it’s high 10 years ago. The metal is fundamentally undervalued. There is precedent for a silver squeeze, the author cites silver Thursday in 1980 where the price hit just under $50 an ounce (161 in 2019 dollars) up over 700% from a year before. The fact that around 400 to 600 times more silver is traded on paper than actually exists in physical form. Then there are a few more reasons which I wont go into. But can reddit users actually move the silver market? It seems most of them will be investing into the silver fund iShares Silver Trust or SLV or buying physical silver to make this happen. John Freenay business development manager at Guardian Vaults, told Bloomberg News: “It is true that the combined efforts of those on the Reddit forums can dramatically influence the price of individual stocks, but if you compare the size of the entire silver market to the market cap of the individual companies that forums have recently targeted, we don’t see this as having potential to significantly move silver into a short squeeze scenario,” But I mean of course he’d say that, he is probably shorting silver. And we do see signs that something is starting to happen, several precious metals exchanges are already reporting shortages. APMEX posted this message: “due to unprecedented demand on physical silver products, we are unable to accept any additional orders until markets open Sunday evening.” And other suppliers posted similar messages… SD Bullion said in a message: In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open. Many people expect the price to surge this week. Another avenue is to invest in silver mining companies, especially junior miners, many of these stocks are basically penny stocks and see the potential for 100x gains, this may be the smarter move, rather than investing 100% of your silver allocation in SLV. And that is where I am going to leave it guys.

128

72
Ben Hedges - The Business Shifu
Subscribers
13.6K
Total Post
85
Total Views
599.5K
Avg. Views
8.7K
View Profile
This video was published on 2021-02-01 05:36:46 GMT by @Ben-Hedges---The-Business-Shifu on Youtube. Ben Hedges - The Business Shifu has total 13.6K subscribers on Youtube and has a total of 85 video.This video has received 128 Likes which are lower than the average likes that Ben Hedges - The Business Shifu gets . @Ben-Hedges---The-Business-Shifu receives an average views of 8.7K per video on Youtube.This video has received 72 comments which are higher than the average comments that Ben Hedges - The Business Shifu gets . Overall the views for this video was lower than the average for the profile.

Other post by @Ben Hedges The Business Shifu