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 - 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

almost

almost

almost

wait for it

wait for it

almost......

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

BDFD!!!

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.

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