But before you take on the commodity markets, better read up on Nelson ‘Bunky’ Hunt

Posted by Richard640 @ 23:18 on January 31, 2021

Popular Narrative: “After Citadel, we’re going to squeeze shorts in silver.” Reality: We’re actually rooting for you on this one, since precious-metals markets are manipulated by unmitigated scumbags. And, yes, your merely having announced last week that silver is in your cross hairs seems to have provided a little added boost to silver quotes on Thursday and Friday. But before you take on the commodity markets, better read up on Nelson ‘Bunky’ Hunt, a billionaire when that was real money, but also a trader smarter than all of you put together. He got crushed trying to corner silver even though he’d done everything right. Hunt would have succeeded if Comex had not raised margin requirements to such heights that only two players were left in the game: Hunt and Eastman Kodak. This killed speculative demand, and eventually Hunt himself.

https://www.rickackerman.com

THE MORNING LINE

How Gamestop’s Nuttiness Will Change the Coming Bear Market

Rick Ackerman January 31, 2021 5:00 pm

Popular Narrative: The Reddit/Robinhood mob (RRM) has declared war on hedge fund biggies, and so far the smart money has been getting its butt kicked. Reality: The damage so far is just a mosquito bite on the behind of hedge fund elephants like Steven A. Cohen, and the Reddit mob a five-year-old who has discovered where Daddy keep the matches.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.

OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.