Reddit Crew May Find Commodities Harder After Roiling Silver

It's even more surreal that not just Bloomberg, but pretty much every major media outlet is pumping the "/r/wallstreetbets are changing targets to silver" narrative in perfect unison. There's definitely something fishy going on here.

There are a bunch of posts on the front page of WallStreetBets stating that it's all B.S. And, apparently, the hedge-fund Citadel owns a ton of silver options, meaning that people buying silver would be helping the GME (GameStop) short-sellers, so WSB is advising people to steer clear of silver. So, it seems clear where this spate of silver stories is coming from.

Either I am blind or Bloomberg is peddling misinformation.

Hedge funds have been using the media (as well as financial institutions) to advance their goals by attempting to create false narratives for a long time -- here's Jim Cramer explaining it in (surprising) detail a few years ago (he used to have a hedge fund and used to do these things): https://www.youtube.com/watch?v=VMuEis3byY4

The money quote, talking about manipulating the market in this way when in a bad position (at 5:09): "What's important is when you're in that hedge fund mode is to not do anything remotely truthful. Because the truth is so against your view that it's important to create a new truth to develop a fiction and the fiction is developed by almost anybody who's down like two percent to up six percent here. You can't take any chances, you can't have the market up any more than it is if you're up six because starting Jan. 2 you'll have all your money come out, so what would you do if you were in that situation and you feel like you're desperate is that you would do these actions."