Meritocrat
Member

Anyone who was behind the Ron Paul revolution or end the fed should be all over this push to squeeze silver. This is not just about making money, though you will make money if you buy and hold silver. Wall Street Silver is gaining a thousand members every day and they are set to run #silversqueeze billboards across the country.

"House Democrats passed their sweeping $1.9 trillion coronavirus aid package in a party-line vote early Saturday morning...The relief package now heads to the Senate, where Democrats are expected to amend it next week and send it back to the House for approval before unemployment insurance benefits expire on March 14." Silver Comex Delivery Update

PSLV is the trust owned managed by Eric Sprott. It documents and verifies the silver it holds, and doesn't play any games. There is strong evidence that SLV does not own the silver they claim and they play the Comex in both directions. So if you want to help effect a short squeeze, you want to buy PSLV. Your purchase of PSLV will result in silver being taken off the market.

Madison, On March 27, 2020 a 900 billion appropriations bill was passed. That was the highest spending bill ever in nominal terms. Silver nearly doubled and gold hit an all time high. Since that time both the metals pulled back. Many people, myself included are a little baffled by the extent and duration of the pull back. However it does makes sense. A lot of money appropriated has yet to be spent. When the first ever trillion plus spending bill is passed this year (we should see this in early March) the bottom of the correction will be put in. AND The 8 investment houses and bullion banks short nearly half of all silver, platinum and gold traded on the Comex will no longer be able to defend their positions. Silver is likely to be squeezed beyond an all time high, along with platinum and gold. By the way, I have called the bottom of gold in 2017 and the breakout of gold in 2019. You can search my name Charles Stampul on Linkedin or Facebook to see. I see the key date for a short squeeze as February 26, because this is when the House is scheduled to vote on Biden's 1.9 package. If the House is more or less on board with the Senates bill, and it looks like the bill will get done soon, ITS ON for the following Monday. I would not be surprised to see an all time high in silver on Monday March 1 and $100 by the end of the month.

People are over thinking the correction in gold and silver. The first trillion plus spending bill was signed into law on March 27 with silver a shade under $15. Another 900 billion in spending was approved on December 27 with silver at $25. Much of the appropriations have yet to be spent. The House is set to vote on the next on 1.9 trillion bill on Friday. Gold and Silver have priced in austerity that has zero change under a socialist regime.

I looked at some data given by Ed Steer, who is cited in the article. Most of the analysis here comes directly from him. The one thing I add is the idea that if a 1.9 trillion bill is passed, and the House is scheduled to vote on February 26, it is going to be EXCEEDINGLY DIFFICULT for the shorts to defend there position. Not only would they be adding 1.9 trillion in Federal Reserve notes, but the many green initiatives that would receive funding would require tons of silver that is already in short supply. As I note in the article, the Reddit group Wall Street Silver is just a small part of what is driving this squeeze. This is not a near bankrupt company like Gamestop, it is a hard asset held by individuals and institutions as a hedge against money printing.

Markets could collapse because the silver shorts likely can not afford to cover. These are not hedge funds but large investment houses like Bear Sterns and Lehman Brothers.

This is gaining momentum. Here is a link to the community. https://www.reddit.com/r/Wallstreetsilver/