Posted on Feb 1, 2019 2021 at 13:42
Amateur investors, white-hot on the social network Reddit, have new prey in their sights. After having wrung out short-selling hedge funds on small stocks, stock marketers now want to bend the banks in the money market. As early as last Wednesday, the precious metal that fuels conspiracy theories like gold was mentioned in the r / WallStreetBets conversation.
According to one of the most popular theories on the social network, banking establishments are manipulating silver prices to keep them artificially low in order to hide the metal shortage, as well as to hide real inflation. One of the members of the forum believes that to increase the price of silver would amount to making “THE MOST IMPORTANT SQUEEZE SHORT IN THE WORLD” (in capital letters in the post). The community of individuals and conspirators have taken these calls to invest very seriously, especially as trading in stocks like GameStop or AMC has been restricted on the very popular Robinhood application.