Pre market in silver miners is nuts…
Hope I am not jinxing anything, but this is probably going to be one of the largest gap up opens I have ever participated in.
AG for example is printing $25. EXK $6.36 as of 7:52 am est.
Hope I am not jinxing anything, but this is probably going to be one of the largest gap up opens I have ever participated in.
AG for example is printing $25. EXK $6.36 as of 7:52 am est.
With one hour to the open PSLV has already traded it’s 90 day average volume in the premarket…
WallStreetbets is saying this is psyops to get people to sell GME and that no one was advocating getting long silver.
Nothing would shock me at this point.
Lets say you are a primary dealer like JPM and your job is to suppress gold/silver on behalf of a client. Covid comes along, scratch that, wall street bets comes along and opportunity presents itself to say to client it’s not our fault the price is rising. It’s all those crazy redditors….
And Zero Hedge, they are pumping this like a jack hammer.
You are on target Noman. The silver run-up was always going to happen. It was just a matter of when and how fast it developed. They always find an excuse to blame it on and this is the “perfect deflection”. Blame it on Reddit and WSBets. They are only minor players in this and will be the scapegoat in the media and in political circles. We know it is the policies of the govt. and especially the FED and the banks that led to this but that has to be misdirected elsewhere.