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Silver's Four Hour Slamdown Window

Tyler Durden's picture


As silver suffers its biggest one-day drop of the year, following a February of strange 'spikey' behavior, we thought it might be useful to show just what has been going on for the last few weeks. It appears that from the open of US equity trading pre-market to the close of Europe's equity markets (~0730ET to ~1130ET), Silver has been offered non-stop. Out of that four-hour window, on average, Silver has not moved in the month of February. With the dramatic nature of physical demand at the Mint, this serial slam-down of Silver just seems a little too premeditated and predictable.


February has seen more than its fair share of price drops...


but they appear to be strangely collected in a brief four hour window at the start of the day... the black line is the average of the day's performance in February across the dates selected.


Charts: Bloomberg


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Tue, 02/19/2013 - 13:46 | 3256605 Lost Wages
Lost Wages's picture

If they want to give me another buying opportunity again this Friday, so be it. Morons.

Tue, 02/19/2013 - 13:53 | 3256628 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

When we look at silver day to day, it is hard for anyone trading it to not get sick when they buy above the short term range.  However, for those of us that stack, we understand we want to accumulate as many ounces as possible.  That means we set targets, buy, accumulate cash, and go in again when the time is right (month to month, or week to week).

But does any of it really matter when the GSR is stretched out above 50?  Does it matter when the Central Banks are monetizing debt by trillions every year and they are balancing their books by also stacking gold sky high?  Does it matter when the other investment options are dead housing, topped out bonds, or the den of thieves that are corporate equity?

In the long run, buying at 29 or 28 will not matter.  What matters is that eventually gold and silver will once again be used for the purpose we gave it long ago - it will be used as money.

Buy Silver!

Tue, 02/19/2013 - 13:55 | 3256633 SilverTree
SilverTree's picture


Tue, 02/19/2013 - 14:04 | 3256665 gmrpeabody
gmrpeabody's picture

Mrs. P is going to add BTFD to my headstone...

Tue, 02/19/2013 - 14:09 | 3256681 Dr. Richard Head
Dr. Richard Head's picture

I wonder if BTFD is available for me license plate?

Tue, 02/19/2013 - 14:14 | 3256693 ParkAveFlasher
ParkAveFlasher's picture

I call dibs on AU BTCHZ1

Tue, 02/19/2013 - 14:27 | 3256764 espirit
espirit's picture

Meh, still hasn't hit my target for another buying op.

7 - 17 - 27 - 37 - 47

Tue, 02/19/2013 - 14:49 | 3256854 serog
serog's picture

Waiting for it to sell out? 

Tue, 02/19/2013 - 14:57 | 3256888 nope-1004
nope-1004's picture

You know that old saying, "If you lower price, you lower demand".  I think MDB came up with that one.......


Tue, 02/19/2013 - 14:59 | 3256901 Big Slick
Big Slick's picture

The basis behind Obamacare solvency

Tue, 02/19/2013 - 15:14 | 3256944 Xibalba
Xibalba's picture

"Strong Dalla Policy" - USA

Tue, 02/19/2013 - 15:21 | 3256965 strannick
strannick's picture

Jail Bart Chilton 2013

Tue, 02/19/2013 - 17:06 | 3257411 Bohm Squad
Bohm Squad's picture

This isn't a leap year is it...?

Tue, 02/19/2013 - 19:47 | 3257802 silverserfer
silverserfer's picture

No its really quite simple. Ther is just toooo much silver down at that shithole bank JPM. They were going to be on the next episode of hoarders and that bitch blythe was going to be shown walking over piles of sliver bars and dead rotting cats  to get to her shitter. Crisis averted.  


Tue, 02/19/2013 - 14:26 | 3256754 kliguy38
kliguy38's picture

I did and as a faithful "follower" of the cartel I did my "duty" and made my third heavy order of silver rounds in the past 2 weeks. Over 30 orders SINCE the smackdown from 49 dollars.......I really did not believe they would extend the accumulation period this long.......Instead of moaning about what they have done ..ALL of you need say thanks as you give um the finger....and say fuck you very much boyz

Tue, 02/19/2013 - 14:40 | 3256823 wee-weed up
wee-weed up's picture

Just like the fat kid in the pool cannot hold the beachball under water forever...

Tue, 02/19/2013 - 14:52 | 3256870 CPL
CPL's picture

...and nobody should be surprised of the urine content of a public wading pool.

Tue, 02/19/2013 - 14:44 | 3256837 Broccoli
Broccoli's picture

Let me know where I can get physical at even close to spot prices.

Tue, 02/19/2013 - 14:53 | 3256873 CPL
CPL's picture

It's 40 an ounce on the street.  If you find out let me know as well.

Tue, 02/19/2013 - 15:28 | 3256997 Brindle702
Brindle702's picture (I am not an affiliate)

Tue, 02/19/2013 - 16:55 | 3257380 Solarman
Solarman's picture

Monex, 1% over spot.

Tue, 02/19/2013 - 18:49 | 3257688 Scro
Scro's picture


It's not very hard. Tulving is where I shop. Just picked up 1700 oz :)

Tue, 02/19/2013 - 14:30 | 3256777 fiftybagger
fiftybagger's picture

"What matters is that eventually gold and silver will once again be used for the purpose we gave it long ago - it will be used as money."

There, fixed it for ya:

"What matters is that eventually gold and silver will once again be used for the purpose God gave it long ago - it will be used as money."


Silver For The People

Tue, 02/19/2013 - 20:41 | 3257912 hairball48
hairball48's picture

"Buy Silver!"

I did. I did. :) I bought  "junk silver" on 2/15 @ $30.01 and more today @$29.53

Tue, 02/19/2013 - 13:54 | 3256629 MillionDollarBonus_
MillionDollarBonus_'s picture

I tried to warn the wide-eyed lemmings on this site about the impending collapse in the silver price, big nobody listened. Silverbugs are getting slammed once again, while stock and bond investors are sitting on some sweet profits with wry grins on their faces. When will doomed ZHers give up on silly non- investments like shiny metals, VIX futures and bitcoins? All I can do is stare in disbelief as hoards of ZH lemmings follow each other over a cliff. It's both amusing and sad at the same time.

Tue, 02/19/2013 - 13:56 | 3256638 jmcadg
jmcadg's picture

'nobody listened'.

MDB you made sense for once :)

Tue, 02/19/2013 - 14:21 | 3256723 nope-1004
nope-1004's picture

He bought FB and AAPL at their peak, so go easy on the troll.  He knows not what he speaks, for he is simply bored in his cubicle and lashing out at those that have real, tangible wealth.


Tue, 02/19/2013 - 18:47 | 3257683 Buzz Hacksaw
Buzz Hacksaw's picture

Non sense that is. This is far from over. We haven't had our first public hanging yet.


Tue, 02/19/2013 - 13:57 | 3256639 redpill
redpill's picture

MDB, I know I speak for everyone here when I say we're thirsty for your market insight.  Which will break $200 a share first, Zynga or Facebook?

Tue, 02/19/2013 - 14:00 | 3256652 jmcadg
jmcadg's picture

I will wager silver will break $200/oz before Zynga or Facebook hit $200 a share.

Tue, 02/19/2013 - 14:16 | 3256696 Yen Cross
Yen Cross's picture

 Can I be your Bookie?

Tue, 02/19/2013 - 14:52 | 3256868 Strider52
Strider52's picture

When the price of silver hits 3 Quatloos (look it up) BTFD.

Tue, 02/19/2013 - 13:57 | 3256641 camaro68ss
camaro68ss's picture

Go fuck yourself MDB, dam troll

Tue, 02/19/2013 - 14:02 | 3256657 CH1
CH1's picture

You misunderstand. MDB is deep sarcasm.

Tue, 02/19/2013 - 14:17 | 3256710 Odin
Odin's picture

lol It's always funny seeing newbies to ZH freak out on MDB... Well played this one sir...

Tue, 02/19/2013 - 14:46 | 3256849 debtor of last ...
debtor of last resort's picture

I laughed both balls off on that freak out guy! MDB is the biggest stacker on this thread, promise you that! After JPM of course.

Tue, 02/19/2013 - 14:57 | 3256889 Big Slick
Big Slick's picture

Forget JPM!  ZH will impress me when they identify the location of MDB's secret Gold and Silver stash.

I picture a spot 14 miles outside of Gotham City

Tue, 02/19/2013 - 15:13 | 3256938 debtor of last ...
debtor of last resort's picture

In my opinion, TBTF is looking for hard assets. And JPM is stacking physical. They can see, minute after minute, what happens in all markets, they have inside info. Paper is burning, and JPM knows. They are not stupid.

MDB is a seasonally adjusted paper bug.

Wed, 02/20/2013 - 17:17 | 3261135 IrritableBowels
IrritableBowels's picture

So 14 miles outside of Newark...

Tue, 02/19/2013 - 14:19 | 3256726 Yen Cross
Yen Cross's picture

 We all know what a fucking idiot MDB is. He/it just lacks new insight. It's the same shit regurgitated over and over. ( it's like preskool on Z/H!)

Tue, 02/19/2013 - 14:02 | 3256658 Yen Cross
Yen Cross's picture

  I can't believe you guys still waste your time on that "Festering Carbuncle" Million $ Idiot!

Tue, 02/19/2013 - 14:04 | 3256662 Super Broccoli
Super Broccoli's picture

you're so smart ! why don't you buy more of that paper crap you seem to fancy, it's going up and up, and UP ! go ahead, please do.


ZHers are talking about sound economy, not QExpectations !

Tue, 02/19/2013 - 14:10 | 3256669 Yen Cross
Yen Cross's picture

  You're in (serious)need of new material...  Thanks for giving us the joke of the day!

  I own Platinum, Gold, and Silver you moron! I was buying Platinum 2 months ago before it exploded. Look @ my past posts, Little Sprout!  The smart Z/H-ers opened my eyes a long time ago!

Tue, 02/19/2013 - 14:06 | 3256672 JimRogers
JimRogers's picture

Bitcoin is up ~50% in the ~two weeks you've anti-sponsored it. 

Tue, 02/19/2013 - 15:10 | 3256929 PsYcK
PsYcK's picture

1 BITCOIN officially worth more than 1 OZ of silver!!!  I love silver but TPTB control the price.  You can't say that about Bitcoin.

Tue, 02/19/2013 - 16:58 | 3257389 sessinpo
sessinpo's picture

In most cases you can't buy groceries, your utility bills, your mortgage or most of your basics in life.

Tue, 02/19/2013 - 15:28 | 3256990 Yen Cross
Yen Cross's picture

 I'm not into Bitcoin, if you are making money mining +1

Tue, 02/19/2013 - 16:48 | 3257348 seek
seek's picture

I mine, and my ASIC units can't show up fast enough. I should have just bought more BTC, I'd already be up > 200%.

I really think bitcoin is breaking out this year, I've had several technolgically clueless people tell me they've heard of it, even if they don't understand it.

Tue, 02/19/2013 - 14:10 | 3256684 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

I listened MDB, thanks for the heads up, I waited and I just got back from BTFD bitch!

Tue, 02/19/2013 - 14:17 | 3256717 daedon
daedon's picture

Well thanks so much foe the tip, I missed your other warnings, I had no idea Gold and Silver were as worthless as bitcoins. Eexcuse me while I go sell my shiny stuff to replace it with paper.  BTH, do you know if   the Cashmere is still on special at Costco ?

Tue, 02/19/2013 - 14:18 | 3256721 TheFourthStooge-ing
TheFourthStooge-ing's picture

MillionDollarBonus_ said:

All I can do is stare in disbelief as hoards of ZH lemmings follow each other over a cliff. It's both amusing and sad at the same time.

How goes the Herbalife sales? Have you restocked another garage full yet? Just wondering.

Tue, 02/19/2013 - 14:47 | 3256851 Non Passaran
Non Passaran's picture

What collapse? Single digit change in price.
New Year promotion.

Tue, 02/19/2013 - 14:50 | 3256859 resurger
resurger's picture

Am bit old school m8

Tue, 02/19/2013 - 16:00 | 3257130 Swarmee
Swarmee's picture

"I tried to warn the wide-eyed lemmings [in hedge funds] about the impending collapse in the [AAPL] price, big nobody listened. [AAPL fanboys] are getting slammed once again, while [PM] investors are sitting on some sweet [tangible assets] with wry grins on their faces. When will doomed [hedgies] give up on silly non- investments like [over-valued tech cos, VWAP algos and insolvent EU gov bonds]? All I can do is stare in disbelief as hoards of [HFT bots] follow each other over a cliff. It's both amusing and sad at the same time."

FTFY! ;-)

Tue, 02/19/2013 - 16:56 | 3257384 jomama
jomama's picture

check out mr. fucking philanthropist over here!!

Wed, 02/20/2013 - 20:02 | 3261623 WhiteNight123129
WhiteNight123129's picture

What collapse? I still see the price of raw Tobacco climbing up very nicely...

MDB is long duration....!!!! mwahahahahaha


Tue, 02/19/2013 - 13:56 | 3256637 camaro68ss
camaro68ss's picture

It todays world, I moved for gold and silver to lead and brass.

Tue, 02/19/2013 - 14:04 | 3256663 AlltheWine
AlltheWine's picture

Good luck, because it's going to $13-$18 this year.


Tue, 02/19/2013 - 14:08 | 3256677 jmcadg
jmcadg's picture

I'd love it if silver were at $13 -$18, bring it on.

But whether you'd be able to get any phyzz at that point is mute.

Tue, 02/19/2013 - 14:17 | 3256708 cynicalskeptic
cynicalskeptic's picture

sure he didn't mean $13-18 for lead and brass (per round)?   Sure seems like supplies are 'tight'.   Where's the short selling in the ammo market?   Some downward pressure on prices there would be welcome

Tue, 02/19/2013 - 18:09 | 3257583 Lore
Lore's picture

Wow.  That's pretty bold, assuming you're being honest.  $13-$18 is quite a range. Care to post your chart? 

Dealers are already having trouble. If the price goes under $20, the market will go bananas.

Tue, 02/19/2013 - 21:37 | 3258057 WmMcK
WmMcK's picture

+1 - or moot -- I'll be real quiet backing up the truck below $26.

Tue, 02/19/2013 - 14:11 | 3256687 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Here come the trolls.

Tue, 02/19/2013 - 14:26 | 3256760 fuu
fuu's picture

That would be fucking awesome!

DCA all the way to $0.

Tue, 02/19/2013 - 14:33 | 3256789 Al Huxley
Al Huxley's picture

$13 - $18 - Really?  Well if you have any (physical silver) I'll give you 22/oz for it right now.  That's a substantial premium, what do you say?

Tue, 02/19/2013 - 14:55 | 3256864 nope-1004
nope-1004's picture

LOL..... Aside from the idiocy of ATW claiming to be a fortune teller knowing the future price of silver ($13-$18), the jest of his post is ardent defense of the US dollar.  LMFAO!!!!!!!

Will be making another large purchase in the next day or so.  There are truly delusional bankers somewhere that think lowering price reduces demand.  He he he he he he.......


Tue, 02/19/2013 - 15:12 | 3256937 NoTTD
NoTTD's picture

That would sitll bemore than what I paid for 90% of my stack.

Wed, 02/20/2013 - 20:04 | 3261630 WhiteNight123129
WhiteNight123129's picture

Well if Silver go to say 15, that means we have silver moving by 3 times since 1998 while monetary base move 5.6 times.... Bargain...


Tue, 02/19/2013 - 14:43 | 3256831 Agstacker
Agstacker's picture

I just picked up some more ASE's when I saw the price, BTFD :)

Tue, 02/19/2013 - 19:56 | 3257825 fonestar
fonestar's picture

I'm low on Clownbux right now but just managed to scoop another ten silver Washington Quarters on eBay close enough to spot price.

Wed, 02/20/2013 - 00:14 | 3258458 jerry_theking_lawler
jerry_theking_lawler's picture




wait for it

wait for it


yep, back the truck up, its time to buy......

Tue, 02/19/2013 - 13:46 | 3256606 Argos
Argos's picture

A big thank you to whomever is slamming silver.  Just

picked up more PSLV on the cheap. 

Tue, 02/19/2013 - 13:46 | 3256607 fuu
fuu's picture

Sell it all the way to $0 please.

Tue, 02/19/2013 - 14:59 | 3256902 tocointhephrase
tocointhephrase's picture

Peeeeeerrrrrrleeeeezzzzzz Eddy!

(Rodger Rabbit)

Tue, 02/19/2013 - 13:48 | 3256609 Dr. Engali
Dr. Engali's picture

So BTFD then? What's a few weeks in the grand scheme of things?

Tue, 02/19/2013 - 13:49 | 3256618 Yen Cross
Yen Cross's picture

 Excellent post Dr.E.

Tue, 02/19/2013 - 13:54 | 3256625 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Buy Silver!

Tue, 02/19/2013 - 14:10 | 3256683 The Thunder Child
The Thunder Child's picture

Hide yo Silveeerr AWaaaay!

Tue, 02/19/2013 - 13:47 | 3256610 Dick11
Dick11's picture

Silver Bitches!

Tue, 02/19/2013 - 13:47 | 3256611 ZeroAvatar
ZeroAvatar's picture

A lady friend of the wife's yesterday took some of her silver jewelry and a couple of coins to a 'we buy gold' place.  They gave her $11.00 apiece for Indian silver rings, she kept the coins, they wouldn't pay jack.


The slam-downs continue, our Rulers continue their theft.

Tue, 02/19/2013 - 15:14 | 3256943 A Nanny Moose
A Nanny Moose's picture

I'll buy the coins.

Tue, 02/19/2013 - 13:48 | 3256613 jubber
jubber's picture

Silver and Gold are a barometer of how shit things are, TPTB cannot have them at record highs as there would be too many questions as to why. With record sales of coins and record buying of Gold by China and Russia I believe the paper is being slammed down to continue the illusion that things are just great.

Tue, 02/19/2013 - 14:26 | 3256762 cynicalskeptic
cynicalskeptic's picture

I suspect this isn't just an attempt to drive weak hands out of markets so the big guys can cover (or try to cover) their massive naked short positions but this is also an attemopt to suck as much gold and silver from the sheeple as possible before the eventual 'reset'.   Think about it.  If you're got central banks buying like mad something is going on.  You've seen record amounts of gold and silver 'scrap' turned in but the amounts are declining now - perhaps the available supply is drying up?  Those that wanted to sell and had any have done so while those that are holding will continue to hold and not give any uip?

A lot of people are hurting now and selling off whatever they can - they're going to regret letting go of gold and silver later when that turns out to be the only thing that's holding value.  In a way it's a lot easier to 'confiscate' PM's by getting people to voluntarily sell - at absurdly low prices.

Various reports have the big players coveinr shorts in gold but unable to do so in silver.  Signs of desperation?   Used to be slamdowns allowed for short covering buybacks - now it seems that the longs are simply adding to their positions at a discount putting even more pressure on the shorts.

Tue, 02/19/2013 - 14:36 | 3256801 nope-1004
nope-1004's picture

Exactly.  The smack downs are losing their effectiveness because for continual smack downs to be effective assume continual 'weak' buyers that will pitch.  Once strong hands appear, SHORT SQUEEZE!!  The entire process of price manipulation is not working as it did 5 or 10 years ago.  The squeeze is increasing.


Tue, 02/19/2013 - 21:51 | 3258088 BeerBrewer09
BeerBrewer09's picture

Yep. The longer they can keep this going without blowing up a currency or two or three, the more desperate people will be to sell their precious along with anything else of value. Can't wait to get in on the action by hitting a few estate sales this spring =-)

Tue, 02/19/2013 - 13:49 | 3256615 Tsar Pointless
Tsar Pointless's picture

Efficient markets, no?

Tue, 02/19/2013 - 14:13 | 3256692 e_goldstein
e_goldstein's picture

"price discovery"
bah ha ha ha ha, bah ha ha ha ha


Tue, 02/19/2013 - 13:51 | 3256622 joego1
joego1's picture

Just bought some yesterday. It's good to not to buy to much at once so you have some dry powder for new dips.

Tue, 02/19/2013 - 13:52 | 3256624 chistletoe
chistletoe's picture

did you not here a word that I said?


just shut up and btfd ....

Tue, 02/19/2013 - 13:53 | 3256626 CuriousPasserby
CuriousPasserby's picture


Tue, 02/19/2013 - 13:54 | 3256630 ParkAveFlasher
ParkAveFlasher's picture

Yep.  Still shiny.

Tue, 02/19/2013 - 13:55 | 3256634 jmcadg
jmcadg's picture

Bought today, thank you Blythe you big footed bitch.

Tue, 02/19/2013 - 13:55 | 3256636 suckerfishzilla
suckerfishzilla's picture

After a national emergency is declared due to a strategic metal shortage the same investment banks that engineered the problem will have their butt buddies in Washington confiscate what ever is left.  Ammo bitches. 

Tue, 02/19/2013 - 14:00 | 3256653 cossack55
cossack55's picture

No shit. I quit buying when silver hit $18 and switched to brass and lead.  I know people who now pay $20 for a 50 rd box of .22LR.  I was buying 555 rd bricks for $16 last year.  Soon time to sell .22s for silver.  What a goofy world.

Tue, 02/19/2013 - 14:33 | 3256788 espirit
espirit's picture

I'd let a box of .22 LR go for an ASE.

Tue, 02/19/2013 - 15:22 | 3256970 Tortuga
Tortuga's picture

Hollow point?

Tue, 02/19/2013 - 14:40 | 3256825 Al Huxley
Al Huxley's picture

Do you tell them your name when you buy?

Tue, 02/19/2013 - 16:18 | 3257228 klockwerks
klockwerks's picture

No record of silver sales, right?

Tue, 02/19/2013 - 13:57 | 3256642 Meat Hammer
Meat Hammer's picture

It's a dip!  I'm trying to remember what we should do with green toilet paper when there's a dip in silver.  Hmmmmm.

Tue, 02/19/2013 - 15:15 | 3256947 A Nanny Moose
A Nanny Moose's picture

Buy the peak? Buy high, sell low?

Tue, 02/19/2013 - 21:07 | 3257973 Likstane
Likstane's picture

I dunno does it go again?  Something about dips and sex or purchasing something? 

Tue, 02/19/2013 - 13:58 | 3256644 kralizec
kralizec's picture

Sure, I'll stack some more.

Tue, 02/19/2013 - 13:58 | 3256645 Hongcha
Hongcha's picture

The writing was on the wall for paper PMs a few months ago.  I took my hits, did you take yours?

Now with a wide correction looming, expect greater pain.  NTTAWWT, if you believe in the position and can hold.

And if you are strictly into physical, this does not matter.

Tue, 02/19/2013 - 14:30 | 3256775 nope-1004
nope-1004's picture

I'll fix it for ya.....

Now with a wide correction looming, expect greater pain.

Now with widespread corruption looming, expect more intense manipulation.


Tue, 02/19/2013 - 14:00 | 3256646 Kaiser Sousa
Kaiser Sousa's picture

let me ask...

who of ya'll out there r shook by this blatant bullshit being carried out on the phony future exchanges??

who out there knowing what this shit is really all about is giving their REAL money back to the sociopath bankers so they can receive their worthless green debt coupon dollars for anything that doesnt involve a life or death matter????

not me i assure you....

again, just stick to the plan and have some fucking r fighting sociopaths in a most important war that is about more than money...its about mother fucking real FREEDOM as opposed to perpetual debt enslavement.....

man up bitchez....Silver must be bought  - especially when on SALE!!!!!!!


Tue, 02/19/2013 - 13:59 | 3256648 buzzsaw99
buzzsaw99's picture

Silver/aapl comparison chart please.

Tue, 02/19/2013 - 14:00 | 3256651 atomic180
atomic180's picture

AKA the CFTC/SEC porn viewing window...

Tue, 02/19/2013 - 14:02 | 3256659 Central Wanker
Central Wanker's picture

Use the Force, Blythe!

Tue, 02/19/2013 - 14:02 | 3256660 azzhatter
azzhatter's picture

Never had any paper SLV but I have a pretty impressive stack of shiny stuff right next to me. 743 oz and adding weekly. I like the stuff and don't pay any attention to paper prices except it allows me to add more physical cheaper. Let's talk in 5 years

Tue, 02/19/2013 - 14:05 | 3256670 cossack55
cossack55's picture

I assume you own a solar powered forklift.

Tue, 02/19/2013 - 14:08 | 3256679 edb5s
edb5s's picture you have a boat?

Tue, 02/19/2013 - 14:35 | 3256803 dow2000
dow2000's picture

Congrats, you just made list for a Fema camp residency. 



Tue, 02/19/2013 - 14:36 | 3256806 espirit
espirit's picture

I lost at least that amount in my last "boating accident".

Tue, 02/19/2013 - 14:39 | 3256817 Al Huxley
Al Huxley's picture

You're hoarding - leave some for others.  You know, at 770 million oz/year production you're only allowed 1 oz every 9 or 10 years as your fair share of the global allocation.

Tue, 02/19/2013 - 14:04 | 3256664 you enjoy myself
you enjoy myself's picture

its surreal to read your earlier piece that the Fed just bought 30yr issued only a week ago, after waking up to sub $30 silver.

Tue, 02/19/2013 - 14:07 | 3256676 buzzsaw99
buzzsaw99's picture

...this serial slam-down of Silver just seems a little too premeditated and predictable.


RIIIGHT!! AAPL moves down on fundamentals, silver only moves down on manipulation. GOT IT! :ROLL: :ROLL: :ROLL: YOU PEOPLE ARE HILARIOUS!

Tue, 02/19/2013 - 14:26 | 3256758 Canadian Dirtlump
Canadian Dirtlump's picture

I missed seeing serial "fall down a mineshaft" candles for days and weeks on end of apple sellers contravening rationality.


At this point I'm not sure who I think is dumber, the people who don't think silver is manipulated (overtly and heavily), the people who say silver is going to 500 imminently, or me for being converted tot he wierdo cult of stacking a number of years ago.


The only thing I do know is blythe's cunt smells like an open grave. I actually just strongly suspect it (much in the way I think the taste of shit is bad).

Tue, 02/19/2013 - 15:18 | 3256957 Bay of Pigs
Bay of Pigs's picture

Correct, buzz isn't very bright, and Blythe's clam schmells terrible.

Tue, 02/19/2013 - 15:32 | 3257019 Yen Cross
Yen Cross's picture

  I beg to differ.! Buzz is quite intelligent, and Blythe can suck my silver rod! ( if she still Has Jamie Dimons leverage)

Tue, 02/19/2013 - 17:40 | 3257505 squib
squib's picture

Indeed and I caught you being observant again.

You are like 'ol Slewie that way, with people saying 'huh-what'?

Tue, 02/19/2013 - 16:29 | 3257218 Swarmee
Swarmee's picture

Care to point out the supply or demand fundamentals that just changed that might explain this? Not vague statements either, how about any report from anywhere detailing less demand? Investment demand is way up from mint reports. Not seeing anything at the moment which speaks to industrial demand slowing directly. But of course any hot war will require large munitions, many of which use hundreds of oz of phyz for components. And that stuff is then spread far and wide, unlikely to be collected by anything other than nano bots in some distant future. How many oz did the US spread over the desert protecting the last no fly zone?

Central banks WAY up on gold purchases, platinum mine disruptions reducing that supply. Better to buy something when it is unwanted, yes?
Keep putting it on sale, we'll make sure it has a home.

Was every king in history buried with tombs covered in paper, or shiny metals?

Tue, 02/19/2013 - 14:08 | 3256678 adr
adr's picture

Imagine if oil were coveted as a store of wealth by the general public. We'd be back to paying $.50 a gallon in no time.

Tue, 02/19/2013 - 14:08 | 3256680 ghostzapper
ghostzapper's picture

i've tried to make this point here before.  We all know there are a zillion reasons why Silver and Gold make sense, but yet here we are in a downtrend since May of 2011.  Using SLV and GLD as a proxy (I know, I know physical is the way to go blah, blah, blah) the charts have repeatedly teased but told you to stay out of SLV and GLD from the long side beyond some quick trades.  the downtrend is very clear on the weekly charts.

One reason in my view is because Bernanke and his crew obviously have no reason to support the prices of silver or gold.  So, (stick with me here) these commodities actually do move pretty fucking close to what the charts and sound TA would suggest.  In other words, without Uncle Benny backing something the charts are pretty fucking accurate predictors of future price action.  When Benny is there to stroke one's balls then the charts can move close to the point where they are about to break down and then BOOM voila all of a sudden there is a major pop higher (look no further than ES and EURUSD to see this clear as day). 

Sorry boys, without Benny putting Silver and Gold on his "don't ever let these fall list" there will need to be price/volume action that occurs that suggests much higher prices in the future.  Everyone in the world already knows there is reckless money printing and currency destruction underway, yet here we are with the metals sliding further down.  Just look at how ZNGA fell like a rock a few months ago and AMZN just won't ever break down (at least not yet).  One is deemed "too important to bubbly excitement to fail" and the other is not. 

Tue, 02/19/2013 - 16:11 | 3257160 devo
devo's picture

Downtrend, yes, but that can break any second and your perception will change with it. The idea is to buy when people are bearish so long as the fundementals make sense, and they do more than ever.

PMs had huge moves before the housing crash and QE programs so there's more to it than QE. And the masses are usually wrong, so if they're bearish now there's that contrarian indicator.

I heard a story about a family in Poland who found their grandmother's safe buried in the wall and prayed it had gold in it, but it had some old Polish paper currency (enough to buy a house in the day) worth 0. Whenever I wonder why I am holding metals I think of that story. "Invest" what you can afford to "lose" and you just don't care very much about spot, and that's a nice feeling and nice security blanket to have.

Note: I'm a realist and don't blindly love PMs or any asset; they just make all the sense in the world until the dollar gets halved (or worse).

Tue, 02/19/2013 - 16:47 | 3257342 Mortimer
Mortimer's picture

the devolution revolution is never wrong. what we do is what we do. got that?!

Tue, 02/19/2013 - 16:54 | 3257377 jomama
jomama's picture

did you seriously just compare gold and silver to Zynga and Amazon...?

Tue, 02/19/2013 - 15:34 | 3256686 Anasteus
Anasteus's picture

But anyway, it requires an unbelievable courage to smash down the price facing the tight supply and historically the highest coin demand. The cartel must go to its utter limits to shatter the sentiment. Either they silence the sentiment at all costs or they risk metal default, sort of going for broke. This fiendish courage is exactly what is so persuasive and what eventually discourages many people from buying metal even when backed by mere illusion. Congratulations Ashkenazim, there is still a lot to learn from you! Just let you pray guys so that not many of us will debunk and realize the nature of this farce at the same time.

Tue, 02/19/2013 - 17:00 | 3257393 seek
seek's picture

No courage is involved. They've been promised an endless supply of USD from the Fed.

Tight supply is fixed by bombing futures prior to expiration, to take out people who wanted delivery, and by simply stopping sales of ASE and AGEs to the proles due to "supply."

And if that fails, MFG people standing for delivery and take their toys.

It's easy to be bold when you're backstopped by the Fed and there's zero risk of prosecution.

Wed, 02/20/2013 - 15:26 | 3258775 Anasteus
Anasteus's picture

Endless supply of USD and paper gaming are irrelevant as long as the metal supply is drying up. Foreign banks (and likely Western banks too) as well as funds and commodity investors are piling metal. The more dollars are printed to suppress PMs the sooner they are out of stock and spot prices/margins will skyrocket.

Zero risk of prosecution? Well, it might be so for now. But audit the gold vaults properly and the Fed immediately fetches up far away from its current legal shield. Cannot it ever happen? Yes, it can, the large Soviet Empire was set to last forever and it eventually collapsed literally within few weeks. But you're perhaps right in somewhat misleading usage of 'courage'. I should rather have written 'cocksureness backed by false assumption of everlasting untouchability'.

Tue, 02/19/2013 - 14:14 | 3256695 buzzsaw99
buzzsaw99's picture

Stupid boomers should have bought SLV at 50! LMAOMAOMAOMAO!!!

Tue, 02/19/2013 - 14:15 | 3256697 slaughterer
slaughterer's picture

Today's slam down on silver is carry over from Friday's high-volume turnaround day.  The commercial long position is extremely high on PMs right now.  I would expect a spike higher this week to be followed by rapid buying activity.  (Gold is not even testing 1600 today on reduced range, a very good sign of turnaround).  

Tue, 02/19/2013 - 14:15 | 3256698 pan
pan's picture

Big thanks to Blythe Masters!  BTFD!

Tue, 02/19/2013 - 14:15 | 3256700 NoWayJose
NoWayJose's picture

The ultimate goal of all of these manipulated runs is to short, cover, and run it back up. I don't need PM's today, but I want them because I may need them in the future. Buy the dip, stack your PM's, and don't worry about PM prices until the debt bubbles pop.

Tue, 02/19/2013 - 14:16 | 3256705 Shell Game
Shell Game's picture

Liberty and honest money cannot be kept down forever, the more you fuck with it the more it is sought.  Enjoy your sunset Control Freaks.......

Tue, 02/19/2013 - 14:16 | 3256706 Meat Hammer
Meat Hammer's picture

I'm doing a fun little experiment.  A few weeks ago, I bought 1 bitcoin for $18 and decided that I'll hold it until I can buy an ounce of silver with it.  The bitcoin is now worth almost $28.  If they keep slamming silver and the bitcoin keeps appreciating, I will have bought an ounce of silver for $18 worth of Charmin.  Good times.

Tue, 02/19/2013 - 16:53 | 3257366 jomama
jomama's picture

bitcoin hit parity with 1oz. silver today.

hilarity ensued.

Tue, 02/19/2013 - 14:19 | 3256725 adr
adr's picture

The number one performing asset of 2013 is going to be 9mm and 556 ammo. You can't find any.

I can still find rifle slugs, shotgun shells, .44 magnum, and 406. High caliber single shot stuff can be found almost anywhere. I think people know when the shit hits, they are going to need to fire more than one shot. I man a shotgun is great for a home invasion, but when 100 Homeland Security goons are attacking, you'll need something better.

Tue, 02/19/2013 - 14:21 | 3256733 Meat Hammer
Meat Hammer's picture

They're the equivalent of SEIU public union goons with guns.  When they see their co-workers dropping they'll go on a permanent smoke break.

Tue, 02/19/2013 - 14:59 | 3256897 slightlyskeptical
slightlyskeptical's picture

Im not sure what will protect you from 100 Homeland Security dudes.

How do you like your steak done?



Tue, 02/19/2013 - 15:39 | 3257049 JohnGaltsChild
JohnGaltsChild's picture

Anyone got any 223?

Tue, 02/19/2013 - 14:19 | 3256728 Killer the Buzzard
Killer the Buzzard's picture

Thank you Bart Chilton.

Tue, 02/19/2013 - 14:21 | 3256735 Odin
Odin's picture

BTFD "Blythe The Fuck Doll"......"I kock em' down, you stack em' up"......Blythe you dirty dirty girl, you got my bullion all hard...

Tue, 02/19/2013 - 14:21 | 3256736 Bansters-in-my-...
Bansters-in-my- feces's picture

Must be Golds turn next.

Fuck yous bankers and your paper promises.
You know what they say about promises.

Tue, 02/19/2013 - 14:22 | 3256739 CDNX fan
CDNX fan's picture

The "stackers" are feeling the heat as equities ramp up to assume the role as "money". Owning the S&P is the best inflation hedge on the planet! Buy stocks and retire!

Tue, 02/19/2013 - 14:22 | 3256740 medium giraffe
medium giraffe's picture

Tyler - please could you see to posting an article regarding the Bulgarian protests?  MSM are trying very hard to ignore it.  It sounds like this could be a wake up call for many.

Although Yahoo! mention the energy companies, they miss the point about this being a general protest against TBTB (banksters, crooked politicians, usual suspects), and in particular they wish to nationalise the recently opened Canadian owned Gold mine (PM angle, see? :) ) 

Protests started at the weekend -  the people have given TPTB 7 days before destruction ensues.  Police have been dropping riot shields and accepting flowers from the crowd as they refuse to resist what is seen as a legit protest.


Tue, 02/19/2013 - 14:22 | 3256743 Meat Hammer
Meat Hammer's picture

I'm still contemplating the 401k loan for PMs.  Somebody talk me into it or out of it, please.

Tue, 02/19/2013 - 14:30 | 3256773 Frozen IcQb
Frozen IcQb's picture

Close you 401K and then buy physical.

Tue, 02/19/2013 - 14:33 | 3256791 Meat Hammer
Meat Hammer's picture

I have to quit my job to do that, which I've actually been considering, sadly enough.

Tue, 02/19/2013 - 14:36 | 3256808 Frozen IcQb
Frozen IcQb's picture

Interest payments from a 401(k) loan are not tax deductible.

You will also pay taxes twice on the amount you took out for a loan.  Your 401k loan payments are deducted after taxes have been taken out of your paycheck.  However, since pre-tax money is usually used to fund a loan, the payments are put back into your 401(k) as pre-tax funds. This means that when you take the money out later, you will have to pay taxes on it again.

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