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This was kind of misleading. Robinhood is self clearing, they halted and limited trading. Tastyworks uses Apex Clearing, Apex halted the trading.
Here is the kicker:
Apex Clearing parent company PEAK6, #Citadel (#Robinhood investor), Interactive Brokers, tastytrade. Apex, RH, Interactive Brokers, tastytrade all halted $GME trading. All have financial investments w/or by Citadel who just invested in Melvin HF getting hosed.
Interesting. Seems like small traders have found a way to beat the big money, as long as they join forces by bunching together. I was totally unaware of reddit driving this. This is the first time I heard about that.
I had a few shares that I purchased about a month ago because I saw the price action "ready" to break up. I never expected such move and I thank these people because I made a few bucks.
TWYS NWYT(Price Advertises Opportunity; Time Regulates it; Volume Measures its Success/Failure ---- Dalton)
I don't pretend I got it right, there are rumors for many years on Silver including some like JPM and other Big Banks are artificially maintaining low prices but at the same time are building up their own stock of Silver at a low price because they know since years what is going to happen....
In Precious Metals big funds are always (rare exceptions) long Silver. However in Precious Metals Commercial category can also refer to some activities of some big bank that are custodian of Gold, Silver etc. So it is always difficult to decipher the COT
In any case as a private trader following and investing/trading Silver since 2016, I can only notice that there is a pressure so that prices do not rise too much...
Concerning your question about the funds. I can only refer you to the COT and this site where I made some donation. Legends are at the bottom. As you can see from the commercials (they can be much more net negative) and the funds can be much more net positive (see their net position at the beginning of this one year graph). So there is room for Silver to go higher. 35 dollars for Silver and 2200 dollars for gold are the expectation of Saxo Bank at the end of this year. In line with similar expectation for others institutions.
Best quotes and that it all the point about squeezing particularly for the one selling call options...they will think twice about that or they will quickly cover their positions by buying long futures which will contribute to increase the price...
I've found out that even people in Poland have jumped into GameStop trade (it's everywhere in polish investing chat rooms on discord).
Most of them buy the narrative that it's a fight against evil hedge-funds.
Thanks for the reply. Do you think this is an anomaly or is it a "thing" now - a new way of trading. I would imagine it takes a boat load of money to carry off something like this. I presume it's not illegal or heads would be flying by now.