Doubt he’s going to be in any kind of shit. He’s been very careful with what he’s been saying since the beginning.
I doubt he'll be in any trouble, but "very careful" is a bit of an overstatement given that he put out a video in which he claimed to use an Uno deck to pick stocks.
I just don't see Doge being anything but a classic pump and dump. Zero interest in doing anything with it, ever.
So she goes after a single retail trader that figured out how to make money instead of hedge funds that are clearly fucking with the market. Looking at who her top campaign donors are, I guess it’s not at all surprising.
It's going to be interesting to see how that session goes down... I mean, he doesn't have to actually go, as he hasn't been subpoenaed... All I hope is that he shows up in his red head band, with his UNO deck... and flips a card off the deck before he answers each question, like he's basing his answer off the cards.
(for those of you who may not be aware, DFV has stated a few times that he uses his UNO deck to make his stock choices, which is why it features prominently in his news article pics)
And with that, Elon finishes his nice break from Twitter... almost makes me glad that I'm still into GME at this point for a dozen shares... with an average of $180. We'll see how this goes for the next week or two...
I have no idea what they want to investigate or question him for. As far as I can tell, it's just because he made a lot of money quickly. God forbid they take a second to look into politicians that sold their stock before lockdowns occurred.
Fun and games in the silver market. After the run on physical silver this weekend which wiped the dealers out of their stock, SLV introduced 110M paper ounces to the market (Roughly the same amount of silver the Hunt brothers got in trouble for accumulating), some dealers are now offering spot +$4 trying to buy physical stock, and JPM downgraded silver mines because there's not enough demand. Estimates are now running as high as 800:1 the ratio between actual held silver and the amount of shares on the market. As a result of all of this, silver has lost over 10% of it's value since it's high on Monday. There is some serious fuckery going on in the market and there's a lot more people watching/aware of it now. It will be interesting to see what develops (If anything) from this.
It's almost like there's a major hedge fund who owns a shit-ton of silver that is trying not to lose more billions on GME or something. Who knows?
That's where the major fuckery comes in. They don't own the silver, they're printing/selling paper. Like I said, there's up to 800 shares in the market for every ounce that's held by the issuers. They just rely on the fact that no one is going to demand the physical product they purchased (And in the case of SLV, there's only a handful of entities who are allowed to demand the product from them in the first place.)
Speculating and over leveraging on a product that you don't physically own, shocking I tell you, SHOCKING! This is 2008 housing market style, but no one will care because no one gives a shit about whether the silver market is doing well, in a bubble, or crashing. I'm sure they will when they realize how much silver is actually used in everything around the world and in relation to gold, silver is FAR more valuable a metal, but again, it's the silver market which no one gives a shit about.