The corporate media is breathlessly reporting that "the Reddit Army" plans to do to silver what it did to GameStop, and this has caused a frenzy of buying and a severe shortage of physical silver at dealers all across the United States. If things are this crazy already, what is going to happen when the short squeeze actually begins? For now, "the Reddit Army" is still primarily focused on GameStop and other stocks that major hedge funds have been relentlessly short selling, and in recent days members of that army have actually been purchasing billboard ads to celebrate their success…
The billboards show a unified support for the investors who have driven up the price of GameStop – which was at $2.57 at its lowest point last year – to over $483 a share.
"$GME GO BRRR" read a digital billboard in New York City, with brrr referring to the sound a money-printing machine makes.
The West Coast similarly joined in, with an airplane flying over Santa Monica reading "WE ARE ALL GAMESTOP WALLSTREETBETS."
I expect that GameStop and other stocks that have been specifically targeted will continue to be the primary focus for "the Reddit Army" during this upcoming week.