Long Position on Silver and Gold?

[Irving]

https://markets.businessinsider.com/...030009280?op=1

Thank you.

[Aloha_Shooter]

Is there a link to an article or something that explains what you guys are talking about?

[MrPrena]

I don't know this pumpage really count as pump & dump scam if they are on hold after purchasing a specific securities.
I am not sure if any juror or SEC would prosecute them if they held those position for a year or more.
I think safely say 3 month would be fairly safe, because wash sale rule (different than this situation but good time frame) requires 3mo+?

Any securities attorney or compliance analysts?

[hollohas]

They're going after silver now. They plan to buy silver and silver stocks, force physical delivery, and pump the price way higher.

Silver eagles are already minimum $6 over spot online.

[earplug]

Sunshine mint is hiring production workers. I call that a clue.

[hollohas]

Since I wrote that last post, JM Bullion went up to almost $11 over spot on silver eagles, minimum.

[Grant H.]

Eagles always command a decent premium over spot, but this does seem a bit higher.

APMEX is only $8.29 over spot for a single random BU Eagle.

[hollohas]

JM is basically sold out of silver eagles this morning. A quick scroll through and it looks like they pretty much only have the expensive proofs and even those are going fast now. Or a certain year here or there for $81/oz.

Generic silver rounds are slim pickings too. There were tons of eagles and generics in stock last night.

[hollohas]

No more silver sales until markets open.

[Lurch]

Looks like Kitco is offline as well. Going to get interesting