Media claims ’r/wallstreetbets’ cause silver price surge; Group reacts
Silver prices surged on Monday after hedge fund Citadel bought the metal. Alongside, news outlets including CNN, Business Insider, Bloomberg, and CNBC, posted articles claiming ’Reddit’ users moved the investment action from GameStop to silver. Reacting to this the Reddit group r/wallstreetbets posted a warning to readers: ’CNN BACK. OFF. This is a LIE.’ Citadel is a major investor in silver.
Hi, this is a false narrative to manipulate the market into silvers favor for Citidel owns $800,000,000 of silver stocks or roughly .23% of their portfolio. You can go on r/wallstreetbets and see that no one is putting money into silver on their. The media is spreading misinformation wether purposefully or unknowingly. Either way I came to this site for non-biased unfaultered truth. The author of this article cited Fox and CNN or something... if the story is about Reddit GO TO REDDIT. This is lazy journalism and I’m ashamed
SILVER IS A SHAM!! Do not buy silver! Reddit and r/WallStreetBets are not buying silver. This is a lie from the hedge funds trying to make up their losses from GME