Replies to post #2160 on First Majestic Silver Corp. (AG)

[l2 hunter]

AG tomorrow next +50% or 150% if realy a Squeeze trigger sudden.. think just warm up today

[Peron]

Silver up 8% and you call it a boring day?

Borrow rate increased a bit within the last hour from .9% to 1.2%.

[Potguy2030]

They are working in SLV apparently at the moment, the point of their SLV "squeeze" apparently isnt so much to drive it to a lot higher price but rather to force them to abide by the SLV charter and everyday of unprecedented buying and holding they then must "add" that silver to their holdings, which usually happens the next trading day . Last thursday saw them have to add 35 million ozs on friday and after today they will now have to add about 50 million MORE ozs of silver and at a certain point the WSB people are trying to see if it reaches some incredible, fantastic, unbelievable number that SLV has to add like over +1 billion ozs (JP morgan is custodian of it) from just one days trading after so many days of of large additions to show how fake it is. It is actually pretty genius and I didnt understand it at first either till I deep dived into it over the weekend.

"That's a bold strategy cotton, let's see if pays off."

[otclife]

Only 3% of shorts covered. The squeeze is coming hold at least a week or two man. Today was 20%, wasn't Friday about 20% too? I remember this was $11 not long ago at all