/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

[360NoTrope]

from my experience, i open a new account and then they lock me out of the account unless i provide a number.

google voice works as of sept 2020

 

[EyelessMC]

jk though I'm sure somebody somewhere will connect the two, if through some intense mental gymnastics.

Wasn't there some smaller country which had its naval ship(s) unable for use because of debt to a single international banker? Anyway, you never know. Gamestonks could be the butterfly flapping hurricane wings across the world. lol

Hedgie Gabe Plotkin of Melvin Capital had just bought his neighbors’ houses in November and was expanding his yard:

https://archive.md/FCmN2

Fry ‘em up real good.

Sadly it seems Melvin might have just barely escaped by getting a sudden injection of cash up their ass from a couple other hedgie bankrollers. It won't end up so good for their lifesavers, though. Gotta keep those diamond hands guys!

 

[Bill The Fucker]

Christ what's even the point with tax rates like that?

The 60/40 split means that 60% of your gains are taxed as if you held for the long term (normally a year+), while 40% is taxed as if you held for the short term. Long term capital gains have far far better tax rates than short term, so trading options on those etfs would have way smaller tax liabilities than shares would, assuming you're holding for less than a year.

 

[TerminalTryHard]

The 60/40 split means that 60% of your gains are taxed as if you held for the long term (normally a year+), while 40% is taxed as if you held for the short term. Long term capital gains have far far better tax rates than short term, so trading options on those etfs would have way smaller tax liabilities than shares would, assuming you're holding for less than a year.

Does that apply to just trusts that hold the PM or everything linked to PMs such as mining companies?

 

[Bill The Fucker]

Does that apply to just trusts that hold the PM or everything linked to PMs such as mining companies?

It's a quirk of the structure of the etf itself. Technically it would apply to any ETF that's a grantor trust. I don't think SIL or GDX (or their juniors) are. I'm still deeper into those than physical because they tend to have greater % increases which offset the gains from the tax difference.

 

[K'harl Bin Jahmin]

You only need an email IF you're a good boy. Once you start acting up they ask for increasing levels of authentication, starting with email and I think it gets up to photo ID.

You can bypass the phone one by emailing the support and saying you are poooor [insert third world country] who don't have cell phones/country is censoring twitter. And just wait a few days for the SJWs to unlock your account. Worked for me!

 

[Michael Wade]

I don't mean to derail but none of this google shit works when linked in KF and important stuff always gets taken down.
View attachment 1886440
Please archive

Sorry. Im not super knowledgeable on archiving.

 

[theshitposter]

They will eventually demand your phone number to verify your account. They did it to my latest account which literally doesn't post or like anything and has randomized content in the profile. But they don't give a shit if you use the same number.

I'm on account... 5? And just use new emails each time. Same phone number. Not even sure where I'd be able to get a burner texting number if I needed it.

However, one of my buddies does have to use a different phone cause every time they see his number, they nuke him from orbit. So...

That's true. They block your account, demanding a phone number. I mailed them that i didn't have a phone and used it from the computer. Idiots unbanned me after a week or so

 

[Jump]

Sorry. Im not super knowledgeable on archiving.

That's ok.
Dear Leader has shown us the way.

 

[the fall of man]

Wasn't there some smaller country which had its naval ship(s) unable for use because of debt to a single international banker? Anyway, you never know. Gamestonks could be the butterfly flapping hurricane wings across the world. lol


Sadly it seems Melvin might have just barely escaped by getting a sudden injection of cash up their ass from a couple other hedgie bankrollers. It won't end up so good for their lifesavers, though. Gotta keep those diamond hands guys!

I don’t think that‘s enough to protect them. Citadel bailed them out, but then cropdusted a ton of $300 and $320 shorts, which expired worthless or OTM on Friday,

Melvin is screwed
Citadel will be mildly hurt
Sequoia will take splash damage

It‘s just getting good. Tomorrow, the people who believe this is a pump and dump will get out, and the people who believe it’s a short squeeze will get in or hold.

We don’t need no paper hands.

 

[world of shit]

Big difference: options on silver trusts structured as grantor trusts (like SLV) count as section 1256 contracts, which have very juicy tax rules (like no matter when you sell it, it gets taxed as 60% long term 40% short term).
Physical gets fucked sideways by Uncle Sam.
Edit: The above also applies to options on GLD, but keep in mind that regular shares for both get taxed the same as physical.

PSLV is taxed at 15%, I believe

 

[Terrifik]

I don’t think that‘s enough to protect them. Citadel bailed them out, but then cropduated a ton of $300 and $320 shorts, which expired worthless or OTM on Friday,

Melvin is screwed
Citadel will be mildly hurt
Sequoia will take splash damage

It‘s just getting good. Tomorrow, the people who believe this is a pump and dump will get out, and the people who believe it’s a short squeeze will get in or hold.

We don’t need no paper hands.

 

[Bill The Fucker]

PSLV is taxed at 15%, I believe

IIRC that's only if holding for over a year.

 

[EyelessMC]

View attachment 1886563

Please help, I have a kangaroo brain for anything looking like a spreadsheet. I see BlackRock, Morgan Stanley, green and negative red. After that one of my eyes roll back and I think the other one goes blind.

 

[+MarkOuttaBat+]

Please help, I have a kangaroo brain for anything looking like a spreadsheet. I see BlackRock, Morgan Stanley, green and negative red. After that one of my eyes roll back and I think the other one goes blind.

Each represent a earnings for a stock and what their holdings are.


These companies are buying a ton of stock, just to boost earnings and possibly driving the price up further, making the cost go up.

 

[Superman93's Bitch]

People who post charts with a shit ton of data with no elaboration or point besides are fat and we would not have sex with them

 

[Pee Cola]

Meanwhile Down Under...

Resources Top 5: Reddit buying power forces silver to 6-month highs, stocks rocket​

Mining
1 hour ago | Reuben Adams

• Silver market could be the target of a ‘GameStop-style’ short squeeze, with dealers running out of physical silver
• Aussie stocks TMZ, EQE, SVL, ARD and IVR fly in morning trade
• ASX silver stocks guide: Here’s everything you need to know

Here’s your top ASX small cap resources winners in morning trade Monday, February 1.

The upside for silver was already established, with Metals Focus predicting that it was due to outperform gold in 2021. But then the GameStop short squeeze happened. Punters started looking for the next target which, by many accounts, could be the silver market.

A short squeeze happens when a stock or other asset (in this case, silver) jumps higher, forcing short sellers to buy it at a higher price to prevent even bigger losses.

This buying momentum forces prices even higher.

Someone – maybe the Wallstreetbets crew – is pushing silver demand to unprecedented levels.

Aussie silver stocks are flying in response.

Spoiler: Not Financial Advice

THOMSON RESOURCES (ASX:TMZ)
Thomson is close to wrapping up its acquisition of the previously producing Webbs and Conrad silver projects in NSW.
The high grade Webbs deposit produced ~55,000t of ore grading at least 23oz (about 710 grams per tonne) silver between 1884 to 1901.
Conrad was historically one of the largest silver mines in the New England region, producing about 3.5moz of silver along with lead and tin.

EQUUS MINING (ASX:EQE)
Late last year, Equus signed a binding deal with TSX-listed miner Mandalay Resources to acquire the Cerro Bayo silver-gold mine and infrastructure in Southern Chile. The deal includes a processing plant which has produced about 600,000 ounces of gold and 45 million ounces of silver since 1995.

SILVER MINES (ASX:SVL)
Silver Mines’ Bowdens project in NSW is Australia’s largest undeveloped silver deposit. The proposed mine would produce 66moz of silver, 130,000t of zinc, and 95,000t of lead over an initial 16.5-year life.

ARGENT MINERALS (ASX:ARD)
Argent is accelerating towards development of the 52moz Kempfield silver-lead-zinc project. “The strength in commodity prices and worldwide demand for silver, gold and zinc production make for exciting times for Argent and its stakeholders,” Argent boss George Karageorge says. Argent plans to complete a resource upgrade by May.

INVESTIGATOR RESOURCES (ASX:IVR)
To press the button on development of its flagship Paris project, Investigator needed a sustained silver price somewhere around the $US19.20/oz mark, managing director Andrew McIlwain told Stockhead in September 2019. With prices well above that at ~$US27/oz Investigator is now making moves. The stock is currently working on a pre-feasibility study for the 43moz Paris project in South Australia — the highest grade deposit in the country — which it hopes to complete in June 2021. A quarterly recap shows the company completed ~25,000m of drilling into its flagship Paris project and raised $7m for a total bank balance of $13m.

The original article (archive) contains tweets, charts and other relevant stuff.

 

[the fall of man]

I see Vanguard in there with a mild negative. I’m not sure what that column represents - is it loss in value of this specific holding?

I wonder, because Vanguard is cooperatively owned, and afaik doesn‘t really do short interest. Are these buy-highers, or do I not understand that column?

 

[+MarkOuttaBat+]

Meanwhile Down Under...

Resources Top 5: Reddit buying power forces silver to 6-month highs, stocks rocket​

Mining
1 hour ago | Reuben Adams

• Silver market could be the target of a ‘GameStop-style’ short squeeze, with dealers running out of physical silver
• Aussie stocks TMZ, EQE, SVL, ARD and IVR fly in morning trade
• ASX silver stocks guide: Here’s everything you need to know

Here’s your top ASX small cap resources winners in morning trade Monday, February 1.

The upside for silver was already established, with Metals Focus predicting that it was due to outperform gold in 2021. But then the GameStop short squeeze happened. Punters started looking for the next target which, by many accounts, could be the silver market.

A short squeeze happens when a stock or other asset (in this case, silver) jumps higher, forcing short sellers to buy it at a higher price to prevent even bigger losses.

This buying momentum forces prices even higher.

Someone – maybe the Wallstreetbets crew – is pushing silver demand to unprecedented levels.

Aussie silver stocks are flying in response.

Spoiler: Not Financial Advice

THOMSON RESOURCES (ASX:TMZ)
Thomson is close to wrapping up its acquisition of the previously producing Webbs and Conrad silver projects in NSW.
The high grade Webbs deposit produced ~55,000t of ore grading at least 23oz (about 710 grams per tonne) silver between 1884 to 1901.
Conrad was historically one of the largest silver mines in the New England region, producing about 3.5moz of silver along with lead and tin.

EQUUS MINING (ASX:EQE)
Late last year, Equus signed a binding deal with TSX-listed miner Mandalay Resources to acquire the Cerro Bayo silver-gold mine and infrastructure in Southern Chile. The deal includes a processing plant which has produced about 600,000 ounces of gold and 45 million ounces of silver since 1995.

SILVER MINES (ASX:SVL)
Silver Mines’ Bowdens project in NSW is Australia’s largest undeveloped silver deposit. The proposed mine would produce 66moz of silver, 130,000t of zinc, and 95,000t of lead over an initial 16.5-year life.

ARGENT MINERALS (ASX:ARD)
Argent is accelerating towards development of the 52moz Kempfield silver-lead-zinc project. “The strength in commodity prices and worldwide demand for silver, gold and zinc production make for exciting times for Argent and its stakeholders,” Argent boss George Karageorge says. Argent plans to complete a resource upgrade by May.

INVESTIGATOR RESOURCES (ASX:IVR)
To press the button on development of its flagship Paris project, Investigator needed a sustained silver price somewhere around the $US19.20/oz mark, managing director Andrew McIlwain told Stockhead in September 2019. With prices well above that at ~$US27/oz Investigator is now making moves. The stock is currently working on a pre-feasibility study for the 43moz Paris project in South Australia — the highest grade deposit in the country — which it hopes to complete in June 2021. A quarterly recap shows the company completed ~25,000m of drilling into its flagship Paris project and raised $7m for a total bank balance of $13m.

[ article | archive ]

It ain't WSB, remember who was the 5th holder of silver ETF's?

Here is a hint:
It probably is the same fucks we are trying to tear down.

 

[+MarkOuttaBat+]

I see Vanguard in there with a mild negative. I’m not sure what that column represents - is it loss in value of this specific holding?

I wonder, because Vanguard is cooperatively owned, and afaik doesn‘t really do short interest. Are these buy-highers, or do I not understand that column?

The column represents how many shares they have bought or sold at the day.

Vanguard probably sold a bunch thinking it is a pump and dump scheme.