In today's podcast, I explain why the Gamestop and AMC short squeeze was always (unfortunately and tragically) destined to fail and the DUMB Reddit Moderator that prevented Redditors from reading my post about this on the #WallStreetBets Reddit thread. I explain why the real short squeeze to positively transform the global banking and financial system for ALL of us lies with gold and silver. You may browse the podcast shownotes below for a sampling of the dozens of articles I have published for the last 16 years that explain this topic, and if Redditors had read them, they would have understood the points I make in this podcast. Wanting a strategy to work in a sustainable manner against the Wall Street giants is far different than having a strategy actually reach a successful sustainable outcome.
Finally, Reddit moderators need to stop being snowflakes and Karens as I posted information about this topic in the WallStreetBets Reddit thread Sunday night, stating that there was massive risk and foolishness in continuing the "hold the line" narrative with Gamestop shares and explained why there is a distinction between fighting for a noble cause and continuing a fight when the only realistic outcome is suffering major damage. Thus, sell Gamestop and AMC and keep your profits first thing this past Monday morning. Gamestop shares were still mid triple digits then and now they stand at $50 a share as I type this. AMC shares were at $17 and now stand at $7 and change. Reddit moderators need to stop the foolishness of deleting all posts with which they hold a different view. The Reddit moderator actually posted a snarky, childish comment of "Nobody tell him (me)" under my post after he deleted. Well done, Reddit moderator! You prevented every single person my post could have benefited from a dissenting opinion that may have convinced them to exit their positions in Gamestop and AMC first thing this week at market open on Monday before they suffered additional massive losses during the entirety of the rest of this week. Well done.
I really hope this culture of banning anyone whose views we don't agree with changes soon, for the benefit of humanity!
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(below are some of the more informative articles I've published on my news siteabout this topic over the past 16 years)
Correction at the 22:10 mark of the podcast. I misspoke and stated that Deutsche Bank had once held the largest short positions in the silver futures markets, later assumed by JP Morgan bankers. It was Bear Stearns, NOT Deutsche Bank.
For the FULL list of articles about this topic, please reference the Podcast Shownotes published here (https://www.youtube.com/watch?v=aK1J8A2Upj0)
Precious Metals Dealers: If the CME Artificially Creates Dips in Paper Gold and Silver Futures Prices by Raising Margins, Stand Your Ground
Want to Smack Down the Criminal Banking Cartel? Here's How to Use Gold and Silver to Do It, August 2012
Bullion Banks Continue to Hemorrhage Physical Gold, and Now, Also Physical Silver, August 2020
Use the Silver Dip to Buy MORE Physical Silver, May 2011
How Can You Help? Buy 10 Ounces of Physical Gold and Silver (Or Whatever You Can), May 2013
#Gamestopshortsqueeze #Gamestop #AMCshortsqueeze #silvershortsqueeze