• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

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

BTFD.

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

www.coloradogold.com (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!

Do NOT follow this link or you will be banned from the site!