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By Michael Snyder,
In all of the years that I have written about precious metals, I have never seen anything like this. The corporate media is breathlessly reporting that “the Reddit Army” plans to do to silver what it did to GameStop, and this has caused a frenzy of buying and a severe shortage of physical silver at dealers all across the United States. If things are this crazy already, what is going to happen when the short squeeze actually begins? For now, “the Reddit Army” is still primarily focused on GameStop and other stocks that major hedge funds have been relentlessly short selling, and in recent days members of that army have actually been purchasing billboard ads to celebrate their success…
The billboards show a unified support for the investors who have driven up the price of GameStop – which was at $2.57 at its lowest point last year – to over $483 a share.
“$GME GO BRRR” read a digital billboard in New York City, with brrr referring to the sound a money-printing machine makes.
The West Coast similarly joined in, with an airplane flying over Santa Monica reading “WE ARE ALL GAMESTOP WALLSTREETBETS.”
I expect that GameStop and other stocks that have been specifically targeted will continue to be the primary focus for “the Reddit Army” during this upcoming week.
But there continues to be quite a bit of discussion on r/WallStreetBets about the potential for a silver short squeeze. The following is one example…
Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way.
And even though there hasn’t been much action yet, anticipation about what could be coming has pushed the price of silver up quite a bit since Thursday…
Silver has risen nearly 15% since Thursday, when posts began circulating on Reddit urging retail investors to buy silver mining stocks and iShares Silver Trust, an exchange traded fund (ETF) backed by physical silver bars, in a GameStop-style squeeze.
Demand has been even more intense for physical bars and coins.
On Sunday, several major silver dealer websites warned of delays in processing orders…
Retail sites were overwhelmed with demand for silver bars and coins on Sunday, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.
Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious metals products in North America, said they were unable to process orders until Asian markets open because of unprecedented demand for silver.
There have been runs on physical silver before, but I don’t remember ever seeing anything of this nature.
Just check out what the CEO of SD Bullion just wrote…
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.
In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).
However, everyone we talk to is afraid of a gap up at Sunday night market open.
This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.
Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).
Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.
The higher the price of silver shoots up, the more severe the supply crunch is likely to become.
Of course the truth is that manipulation by the big banks has kept the price of silver much lower than it should have been for many years.
If the ratio of the price of silver to the price of gold were to simply return to historical norms, the price of silver would be well over 100 dollars an ounce.
And unlike gold, silver is a very important commercial commodity that is used in a whole host of high tech products. This is something that James Rickards pointed out in one of his recent articles…
Silver is a commodity used in many industrial processes, including water purification, tableware, solar panels, electrical contacts, X-Ray film, mirrors and medical instruments. It’s the best electrical conductor of any metal. It is also used in automobile emission control equipment. All of these industrial and scientific applications qualify silver as a commodity input.
It is fun to invest in stocks like GameStop, but the fundamentals for such companies are not good at all.
On the other hand, the long-term fundamentals for silver are exceedingly good. Whether the price of silver surges in the short-term or not, in the long-term it must go much higher.
Large financial institutions have been working very hard to keep the price of silver depressed, but as Egon von Greyerz has pointed out, in the end they will inevitably lose this battle…
The silver market is one of the most toxic of all. Heavily manipulated and with bullion banks now being 100 million oz of silver short on Comex and with no liquidity in London, as Alasdair Macleod has pointed out.
Still, even if not in the next week or two, silver will win this game in the medium- and long-term as the dosage of paper silver shorts is much too big to survive a short squeeze.
I really do hope that the Reddit Army commits to a silver short squeeze.
But whether it really happens or not, the price of silver will keep going up.
Many investors don’t realize that silver actually outperformed the stock market in 2020. It was up more than 47 percent for the year, and the hyperinflationary policies of our leaders will make 2021 another good year.
Throughout human history, precious metals have been a hedge against inflation, and today is no different.
Hopefully the Reddit Army will decide to get on the bandwagon, because what they have accomplished so far is absolutely breathtaking.
Source: http://theeconomiccollapseblog.com
Disclaimer: We at Prepare for Change (PFC) bring you information that is not offered by the mainstream news, and therefore may seem controversial. The opinions, views, statements, and/or information we present are not necessarily promoted, endorsed, espoused, or agreed to by Prepare for Change, its leadership Council, members, those who work with PFC, or those who read its content. However, they are hopefully provocative. Please use discernment! Use logical thinking, your own intuition and your own connection with Source, Spirit and Natural Laws to help you determine what is true and what is not. By sharing information and seeding dialogue, it is our goal to raise consciousness and awareness of higher truths to free us from enslavement of the matrix in this material realm.

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Sorry, alot of restaurants are closing down in Denver, Colorado because of not enough business.
And I found out that the Godiva Chocolate store is closing down at Cherry Creek mall because of not enough business.
I don’t know how is that going to make America great ??? Why ???
It is obvious that the military is in charge the American corporation is bankrupted and there for the Fake Joe Biden was sworn in to a defunct American corporation as well as winning by fraudulent means which is a felony. It is a no brainer that he is the president of nothing that exists legally.
I believe we will prevail. I believe there is a plan. I don’t believe we have to know the details. Faith over fear, Freedom over tyranny! As America goes, so goes the World.
Biden, body double, hologram, fake, representative of the globalist new world order madness plan is showing some of the evil plan. May all of the corruption, human trafficking, pedophilia and all other Crimes against Humanity be revealed. People will not be told, they must be shown. No New World Order Madness! God Bless President Trump, God Bless America, God Bless the World. God Bless Lin Wood, Sidney Powell and ALL others who are working for the good of Humanity.
Positive Interview. In the beginning when Mr. Wood was talking about Communism & then he brought up Joe McCarthy, it is not observed enough here in The U.S. that Franklin Roosevelt had a lot to do with Communism having a free range here before, during & after WW2. It cannot be denied his roll in helping Bolshevik in the USSR through Land Lease program. It also can no longer be denied Roosevelts roll in ignoring the warnings of Pearl Harbor. He is responsible for 3,000 of our men who were burned in oil that day. I liked Lin Wood interview but I feel he is a little blinded to think The U.S. has been fighting for freedom, there is only One war we truly fought for freedom & that would be The Revolution War.
I agree with Lin Wood. It is too obvious to deny that the Biden’s presidency is nothing but SHOW AND TELL to continue the lies the dark forces continue to feed those who fail to question authority figures. That is not the Whitehouse. Look at the small square desk he working on. The mask is to hide the actor behind it.
Without a doubt most of the military is protecting Trump’s plan to destroy Corporate American (including the military-industrial complex) and restore our Constitutional Republic. It may take the entire year to accomplish, including those off-world who are doing their part, but The Plan is working, with changes along the way to counter the dark forces’ tactics.
I don’t fit the definition of being Christian, but it’s probably better to believe in God than to believe in Et’s. It really simplifies matters to do so.
Anyway, yeah I’ll try to shut up now.
With the exception of those who are committed to the successes of the dark side agendas – single-energy males who resent and reject female energies and Mother Goddess – positive ETs are those whose mastery of themselves is greater than our own, at present (with few exceptions). They are no different than us in Spirit, but possess different bodies. It is, therefore, important to accept all races and colors who make up the Earth for we are no different. I have had many lifetimes in different bodies and cultures and I can tell you there is much to learn from everyone. And each understands something we do not yet understand.
I am sorry buddy but the god you belive in his infact an ET, if you follow the history its pretty clear.
Starlight, Christianity existed before Jesus. For example the ‘Sun’ was replaced by the ‘Son’ the 12 ‘Constellations’ were replaced by the 12 ‘Disciples’ the ‘Winter Solstice’ was replaced with the ‘Birth of Jesus’ I believe in a Higher Creator/Creators. I no longer follow any religion, as all 3 of the major ones (Judaism, Christianity & Islam) have much Blood on their hands for thousands of years. The Bible on the other hand is a beautiful piece of Literature that preserves historical events & Greek & Roman Mythology, which of course are “Stories” put into Allegory/Parables, which is how the writings they have Jesus speaking in.
Glass half full scenarios. Maybe humanity stands a chance