WE were tempted to resist talking about the Reddit phenomenon but why not wade in, particularly now as we stand amongst the smoking ruins of the dreams of silver bugs, planet-wide, who thought all their Christmases had come at once. Sweeping in from nowhere the idea that the Gamestop surge could be leveraged to create a short squeeze in silver became the obsession of silver bugs over the last weekend of January. Just as a bunch of Millennials seized the initiative from the hated hedgies of Midtown Manhattan and Greenwich Connecticut, so the greybeards of the Tinfoil hat fraternity convinced themselves that Millennials would ride to the rescue of silver.
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