Trying to organise a corner in a commodities market?
From a PR email:
After Gamestop and Wall Street Bets was all over the news, I joined the spin-off Reddit community called Wall Street Silver.
Wow, I can’t believe what I discovered… In about five weeks, they have already 60,000 members and it is growing at exponential speed. The members are literally buying up all the Silver they can find on the market, and have created a significant shortage to the Silver market.
Retailers worldwide have been running out of silver. Call any bullion retailer and ask them, they are all running out of Silver and there is no relief in sight. One major retailer has reported a 5,000%+ jump in sales. It is reminiscent of the early days of Covid when stores were running out of hand sanitizer, paper towels, etc..
These millennials are committed to cornering the market on Silver.
They created a YouTube Channel and are interviewing legendary investors including Jim Rogers, Marc Faber and David Tice.
They call themselves “Silverbacks” (after the gorilla) and compete with each other posting pictures of their Silver. They call their collection “stacks” and themselves “stackers”.
Please let me know if you are interested in developing this news piece.
I can do these two things to help you:
— Send you the press kit
— Arrange an interview with Ivan Bayoukhi, the founder of this Reddit group
The Hunt Brothers also come to mind. Trying to corner a commodity is a lot, lot, harder than a stock…..