Silver market is a lot bigger than gamestop not cl
Post# of 154898
(Total Views: 558)
Posted On: 01/31/2021 4:19:04 PM
Silver market is a lot bigger than gamestop not clear the redditors can run it up by themselves. But regardless of short squeeze attempt, Silver is due to hit 31 in immediate pattern, 40s this summer and 50s+ by 2022.
Look up the history of the Hunt brothers attempt to corner silver market during the 1970s. It ran from $4 or $50 and they were briefly the richest men in the world. But just like w/ gamestop/robinhood/citadel, at the peak of the squeeze the bankers in charge of silver exchanges changed the rules to liquidation only. The Hunt brothers were not allowed to keep buying on leverage, and price quickly collapsed, leaving them bankrupt.
Lesson: never try to corner a market using leverage. The bankers are ultimately in control of the leverage and can pull it at any time -- usually the most inopportune time that causes liquidations at a loss.
One of the blessings of CYDY being on OTC exchange is that most investors are not allowed to use leverage for CYDY purchase. So CYDY can't blow up their accounts costing them more than their original investment. If everyone just holds, buys or takes profits judiciously with unleveraged funds everyone will benefit from true value creation.
Look up the history of the Hunt brothers attempt to corner silver market during the 1970s. It ran from $4 or $50 and they were briefly the richest men in the world. But just like w/ gamestop/robinhood/citadel, at the peak of the squeeze the bankers in charge of silver exchanges changed the rules to liquidation only. The Hunt brothers were not allowed to keep buying on leverage, and price quickly collapsed, leaving them bankrupt.
Lesson: never try to corner a market using leverage. The bankers are ultimately in control of the leverage and can pull it at any time -- usually the most inopportune time that causes liquidations at a loss.
One of the blessings of CYDY being on OTC exchange is that most investors are not allowed to use leverage for CYDY purchase. So CYDY can't blow up their accounts costing them more than their original investment. If everyone just holds, buys or takes profits judiciously with unleveraged funds everyone will benefit from true value creation.
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