Gamestop Plunges 80% From Highs… have Reddit Traders given up?
The Gamestop (GME) and AMC short squeezes by Redditt’s WallStreetBets has shaken the world of finance with their unprecedented takedown of hedge funds with their crowdsourced short squeeze, but is this move sustainable, or is it a classic bubble in the process of crashing? Also, is the recent pop in SLV a short term pump and dump or does it have long term legs when you combine it with the correlation of bullion dealers running out of the physical metal? Watch my Kitco Interview with David Lin to learn the answers to these questions and why maybe instead you should be looking at other sectors on the BAN (Best Asset Now) Hotlist. Chris talks about GME in the first 10 minutes and then Silver in the second half of the interview.