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Silver Has Longest Winning Streak Since 1968: Spikes To 3-Month High

Tyler Durden's picture


Silver and gold were slammed early in the European day but have now recovered those modest losses to extend their winning streak. Gold is holding above $1,320 but Silver is outperforming +1.4% today and is now up 13 days in a row... this is the longest winning streak since at least 1968. Both gold and silver have broken through their 200-day moving averages (and the often-watched 150-day).



Charts: Bloomberg


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Tue, 02/18/2014 - 12:05 | 4448203 skwid vacuous
skwid vacuous's picture

Long Dong Silver, bitchez!

Tue, 02/18/2014 - 12:11 | 4448238 fonestar
fonestar's picture

It's fake paper silver.  Meaningless.

Tue, 02/18/2014 - 12:17 | 4448260 DoChenRollingBearing
DoChenRollingBearing's picture

Gold & silver are both good here (as is BTC, IMO, to be fair).

Let's break it down:

Gold: Best wealth preserver in town.  Insurance.  Quantum jump coming.

Silver: Even more volatile (paper price) than gold.  Great speculation.

BTC: Even more volatile!  May win big.  Maybe not.  For the risk tolerant only.


Tue, 02/18/2014 - 12:21 | 4448280 fonestar
fonestar's picture

Whether they get behind BTC or not is not what fonestar is talking about.  He is talking about ZH'ers legitimizing their (supposed) enemies position by continuing to refer to these markets as "gold" and "silver", when clearly they are not.

Tue, 02/18/2014 - 12:23 | 4448290 kliguy38
kliguy38's picture

when I drop my silver bar on my foot it tells me its "silver".....BTC will be detroyed with the swipe of a banker's keystroke

Tue, 02/18/2014 - 12:26 | 4448307 manofthenorth
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More or less meaningless than Bitcoins on MtGox ????????

Tue, 02/18/2014 - 12:40 | 4448392 fonestar
fonestar's picture

MtGox is dead.  Nobody in the Bitcoin community cares, so why would you care?

Tue, 02/18/2014 - 13:29 | 4448647 Herd Redirectio...
Herd Redirection Committee's picture

Got a lot of downvotes the other day for mentioning a profitable position I had taken in AGQ, small-cap primary silver miner.  Maybe people thought I was pumping and dumping?  Either way, its now had a 104% run in the last month.  THAT, I did not predict.    If there's a pullback to below $.70, buy.  Below $.55?  Buy with both hands. 

Tue, 02/18/2014 - 14:59 | 4449088 tradebot
tradebot's picture need tio contact BTC and remind them they need to hitch their wagon to gold...else someday might go poof.  Like pie in the sky.

Tue, 02/18/2014 - 12:27 | 4448312 fonestar
fonestar's picture

And what does that have to do with the above post?  Why are you continuing to refer to these markets as gold and silver?

Tue, 02/18/2014 - 13:10 | 4448561 kliguy38
kliguy38's picture

they ARE NOT markets....agree...all rigged OF COURSE......why buy BTC when its just another scam to suck you into their clutches...YOU DONT GET IT .....THEY own it......its a black hole for your money......that's all BTC is....its NOT money.....its a JOKE

Tue, 02/18/2014 - 13:18 | 4448587 fonestar
fonestar's picture

No, "they" definitely do not own it.  That much is apparent to people who are involved in the Bitcoin community.

Tue, 02/18/2014 - 15:12 | 4449143 balanced
balanced's picture

Dude, forget it. They will never understand. In 5 years, when the majority of all transactions are made using cryptocurrencies, they will still think it's a scam. What you are doing is like trying to explain the value of gold to an MSM watching sheep -- it's a lost cause.

PMs for storing wealth. Cryptocurrencies for transactions.

Wed, 02/19/2014 - 13:38 | 4453159 OceanX
OceanX's picture


Wed, 02/19/2014 - 13:35 | 4453154 OceanX
OceanX's picture

Do you even know what peer to peer networking is?

Tue, 02/18/2014 - 12:32 | 4448341 DoChenRollingBearing
DoChenRollingBearing's picture


That is a good insight. The PM markets are really only markets betting on price movements only.  The only PM markets that matter are those who buy and sell physical only.  I do not understand the four reds on your uncontroversial comment here.  

Actually I think that many here at ZH do understand that the "paper gold" and "paper silver" markets ARE different than the buying and selling fo the metals themselves.

Tue, 02/18/2014 - 12:36 | 4448371 Dr. Richard Head
Dr. Richard Head's picture

I agree.  Local coin shop will buy silver for one dollar UNDER spot, but sell it at four dollars OVER spot. 

Tue, 02/18/2014 - 12:38 | 4448377 fonestar
fonestar's picture

...but even in these cases the primary price is set by the cartel and then the dealers attempt to work with that.

Tue, 02/18/2014 - 12:46 | 4448426 Dr. Richard Head
Dr. Richard Head's picture

'Tis true.  That is why I continue to just be the Drunk Little Irish Boy -

Tue, 02/18/2014 - 14:00 | 4448641 superflex
superflex's picture


Tue, 02/18/2014 - 13:35 | 4448541 RaceToTheBottom
RaceToTheBottom's picture

That is the problem with paper prices.

The paper prices as you call them, are influencing the physical prices, if only through not having a physical price of their own.

That was why I was interested in what I had heard about the Singapore exchange.

Also all papers are not created equal.

Some papers like CEF have audited amounts (in that case held in Canada).  I don't think GLD is the same way.  

There needs to be some separation in the spectrum of paper to physical. 

Tue, 02/18/2014 - 13:31 | 4448661 constantine
constantine's picture

Seems to me that if you believe that, at some point in the visible future, the paper prices of gold and silver will no longer dictate trading, you would rather be an owner of silver.  The supply and demand fundamentals are much better world-wide though the COMEX failure looks to be closer for gold than silver.  

Tue, 02/18/2014 - 12:28 | 4448315 Dr. Engali
Dr. Engali's picture

I don't know why you are getting junked. You are right. With unlimited fiat they can manipulate the price in any manner they want. The only real meaning is that it just got a little more expensive to add to the insurance policy.

Tue, 02/18/2014 - 12:35 | 4448363 AGAU
AGAU's picture

He gets junked automatically by people who presume his comment is bitcoin related.

Tue, 02/18/2014 - 12:39 | 4448384 fonestar
fonestar's picture

fonestar's comments are not Bitcoin related.  If you're not going to understand Bitcoin at least understand silver.

Tue, 02/18/2014 - 12:46 | 4448432 Alpo for Granny
Alpo for Granny's picture

Fonestar talks like Jimmy.


Tue, 02/18/2014 - 13:05 | 4448532 Spastica Rex
Spastica Rex's picture

I don't have a horse in this race, but your points about paper are accurate.

ZH too often degenerates into dogma fights.

Tue, 02/18/2014 - 13:06 | 4448539 eclectic syncretist
eclectic syncretist's picture

You ignore the fact that there are practical limits beyond which the illusion of fiat value would be shattered.

Tue, 02/18/2014 - 12:44 | 4448411 SAT 800
SAT 800's picture

You're pretty funny sometimes. Look up and monitor the trading in tonnes of Silver bullion over the last 24 hours. If the world was as simple as you think it is, people with an IQ of 90 would actually understand it, but they don't.

Tue, 02/18/2014 - 12:46 | 4448425 fonestar
fonestar's picture

And they get those prices from where?

Tue, 02/18/2014 - 13:45 | 4448719 Citxmech
Citxmech's picture

If you're buying, who cares if the price is manipulated downward?  Buy physical for the price of suppressed paper.

The bet is that long-term the paper suppresson schemes will be untenable.

Tue, 02/18/2014 - 13:55 | 4448777 fonestar
fonestar's picture

Sure, not saying don't buy.  Just saying don't get too excited.

Wed, 02/19/2014 - 13:48 | 4453226 OceanX
OceanX's picture


So, what is your definition of long term?

Tue, 02/18/2014 - 13:11 | 4448568 Crash Overide
Crash Overide's picture

"It's fake paper silver.  Meaningless."

For now you need a fake paper price to know how many fake papers to trade in for the real metal.

Tue, 02/18/2014 - 12:06 | 4448208 LawsofPhysics
LawsofPhysics's picture

Keep printing idiots!!!  Keep printing!!!

Tue, 02/18/2014 - 12:26 | 4448306 XAU XAG
XAU XAG's picture

This is either a sucker raleigh


The start of a new bull


it's still 50/50 at this stage

Tue, 02/18/2014 - 12:42 | 4448399 fonestar
fonestar's picture

Is that like a Sir Walter Raleigh?

Tue, 02/18/2014 - 12:10 | 4448231 Sudden Debt
Sudden Debt's picture

you think they will sell it on Ebay?

Tue, 02/18/2014 - 12:17 | 4448261 One And Only
One And Only's picture

I dunno but the protests in Ukraine are not like the ones in Greece

Tue, 02/18/2014 - 12:19 | 4448272 DoChenRollingBearing
DoChenRollingBearing's picture

How about selling Putin and Obama on eBay?  Special deal!  The two of them for the price of one!

Tue, 02/18/2014 - 13:38 | 4448698 tocointhephrase
tocointhephrase's picture

You can keep it!

Tue, 02/18/2014 - 12:09 | 4448222 Dr. Engali
Dr. Engali's picture

Somebody needs to tell Blythe to get to work.

Tue, 02/18/2014 - 12:57 | 4448489 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Todays Globe And Mail headline:


"How Far Will Gold Prices Fall?"


True story.

Tue, 02/18/2014 - 12:09 | 4448225 Sudden Debt
Sudden Debt's picture

this is not the anomaly your are looking for...

Tue, 02/18/2014 - 12:11 | 4448237 greatbeard
greatbeard's picture

My kitco page is showing gold and silver down on the day.  Silver not by much, but still down.

Tue, 02/18/2014 - 12:29 | 4448322 fonestar
fonestar's picture

Please tell fonestar which site on the internet lists the non-cartel price for silver?  Looked for six years, never found one.

Tue, 02/18/2014 - 12:36 | 4448365 frankthomaswhite59
frankthomaswhite59's picture


Tue, 02/18/2014 - 13:36 | 4448687 superflex
superflex's picture

You need glasses greatbeard.


Tue, 02/18/2014 - 12:11 | 4448240 Winston Churchill
Winston Churchill's picture

Was watching the short attack on PM's overnight.
They knocked $17 off an oz of gold.
Somebody vacuumed up the bargains.
The paper game is nearly over.

Tue, 02/18/2014 - 12:23 | 4448287 nope-1004
nope-1004's picture

Yeah, been a regular occurrence in the overnight.  Although the action is promising, it will be slammed again and for as long as the banking complex controls futures exchanges.


Tue, 02/18/2014 - 13:17 | 4448580 Jungle Jim
Jungle Jim's picture

Winston Churchill wrote:

"Was watching the short attack on PM's overnight.

They knocked $17 off an oz of gold.
Somebody vacuumed up the bargains.
The paper game is nearly over."

Yeah, they didn't waste any time, did they? I mean they jumped right on it with both combat boots just as soon as they could.

I really hope you're right that their paper game is nearly over. I really do. I needed it to be over years ago.

Tue, 02/18/2014 - 12:17 | 4448257 skwid vacuous
skwid vacuous's picture

Sold all my PM's to buy Yelp and Netflix, so I laugh at your 1-2% gains... /sarc

Tue, 02/18/2014 - 12:19 | 4448269 Obama_4_Dictator
Obama_4_Dictator's picture

I remember the heady days of 2010.

Tue, 02/18/2014 - 12:19 | 4448271 firstdivision
firstdivision's picture

Someone is expecting to be attacked by a horde of warewolves.

Tue, 02/18/2014 - 12:21 | 4448278 Space Animatoltipap
Space Animatoltipap's picture

$ Is king. Silver is nonsense. Greetings from the megalomane fag Keynes.

Tue, 02/18/2014 - 12:24 | 4448297 squid427
squid427's picture


You still on this thread?

Tue, 02/18/2014 - 12:29 | 4448317 Obama_4_Dictator
Obama_4_Dictator's picture


Tue, 02/18/2014 - 12:26 | 4448309 Cannon Fodder
Cannon Fodder's picture

A little off topic here, but seems like a good place to ask....

I went and saw "The Monuments Men" yesterday and there was a scene reflecting when the allies found the German reserve bank gold in an underground mine.

When people on here talk about German gold currently being repartriated, what gold exactly are they talking about? Did that WWII government gold end up in the US? Or is the gold Germany has been storing in the US from more recent times? What happen to the gold stolen from the Jews?

I'd appreciate any insight people have as to the various categories of gold being discussed.


Tue, 02/18/2014 - 12:35 | 4448355 Calculus99
Calculus99's picture

Fodder. It's Gold that Germany had after WW2. It was sent to the US for 'safekeeping' (stop laughing everyone) during the cold war in case the commie reds sent their tanks marauding across Western Europe.

Tue, 02/18/2014 - 12:55 | 4448471 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

+1 for educating someone instead of being a patronizing dick

Tue, 02/18/2014 - 13:29 | 4448645 Cannon Fodder
Cannon Fodder's picture

I assume they accumulated some additional gold in the decades followng, so did they send that to the US as well? (at least until the Cold War stopped?)

Tue, 02/18/2014 - 12:37 | 4448373 robertocarlos
robertocarlos's picture

I gave you a down arrow for falling for obvious Jew propoganda and spending 20 bucks to keep 3rd rate actors imployed.

Tue, 02/18/2014 - 12:51 | 4448455 Cannon Fodder
Cannon Fodder's picture

Actually I went to the early showing, so I only spent $7.50.... and took my own snacks...

Tue, 02/18/2014 - 13:08 | 4448548 robertocarlos
robertocarlos's picture

I spelled employed,"imployed". I'm losing it. Sorry I was just trying to explain your 3 down arrows but now I see it has evened out.

Tue, 02/18/2014 - 12:42 | 4448401 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

The tribe has been stealing from the world for thousands of years. You might want to study that too.

Tue, 02/18/2014 - 15:25 | 4449195 Martian Moon
Martian Moon's picture

Why you ungrateful Yid

Tue, 02/18/2014 - 14:14 | 4448864 jomama
jomama's picture

which 'Jews' are you talking about?

the ones that precipitated the Weimar Republic's hyperinflation?

Tue, 02/18/2014 - 12:32 | 4448336 Calculus99
Calculus99's picture

Keep it cool P.Metal bulls, the BIS trader (sell 10,000 at market at 3am) hasn't as far as I know jumped out his 30th floor window, yet.

He's got more power (in the short term) than any of us can imagine. I reckon it's just a metter of time before he shows up again but that's what the bulls WANT because it will be interesting to see what happens after he's dumped the price. That will be a real tell...

Tue, 02/18/2014 - 12:33 | 4448344 squid427
squid427's picture

To ansewr your question about the 427 part of my handle, in high school we all had beepers, and we all had a code we would use so people knew who was beeping them from unknown phone numbers. We also had several codes for various types of drugs and quantities needed. But a ford 427 is way cooler.

Tue, 02/18/2014 - 12:50 | 4448448 Obama_4_Dictator
Obama_4_Dictator's picture

LOL nice

Tue, 02/18/2014 - 13:26 | 4448629 Cannon Fodder
Cannon Fodder's picture

Thanks, I'll take a look.

Tue, 02/18/2014 - 12:35 | 4448359 robertocarlos
robertocarlos's picture

Silver up big? The economy IS improving.

Tue, 02/18/2014 - 12:37 | 4448374 creeko
creeko's picture

To save you time, I'm going to summarize all comments soon to be posted on this thread:

1.  "Silver Bitchez!"

2.  "Silver is now poised to rocket skywards!"

3.  Silver will get monkey-hammered any minute, as long as the banksters are still in charge!"

4. "Bitcoin sucks!  Keep stacking!"

5. "Bitcoin is for realz...!"

6. "Buy ammo!"

7. "Fuck you, Blythe!"

There... now you can go back to whatever else you were doing. 

Tue, 02/18/2014 - 13:49 | 4448756 Ban KKiller
Ban KKiller's picture


Fuck you JPMorgan!

Death, by law, to Banksters.

Now your list is better.....

Tue, 02/18/2014 - 12:47 | 4448439 squid427
squid427's picture


I gave you an up arrow for asking a question that some will ridicule you for. I asked alot very simplistic questions when I started reading here and got negative feedback from most, but there are those who will help. So keep asking.

Tue, 02/18/2014 - 13:43 | 4448624 Cannon Fodder
Cannon Fodder's picture

Thanks :)


EDIT; actually I think I've learned more reading this site than I did in Econ 101. Seems like a lot more real world application.

Tue, 02/18/2014 - 12:50 | 4448453 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

I already own plenty of silver so keeping with the other portion of my mantra

Mahavishnu Orchestra - You Know You Know - Live France 72
Tue, 02/18/2014 - 12:56 | 4448478 QE49er
QE49er's picture

Germany has the most gold at the moment (in Sochi).


Tue, 02/18/2014 - 13:00 | 4448506 RaceToTheBottom
RaceToTheBottom's picture

Anyone know what is happening with the Singapore Physical exchange? 

My understanding was that that exchange would give us a physical price that might deviate from the paper one.

Tue, 02/18/2014 - 13:20 | 4448593 thorgodofthunder
thorgodofthunder's picture

I've been predicting $1100 oz gold since the $1900 top. Check my history. That's where gold is headed.

Tue, 02/18/2014 - 15:26 | 4449206 sixbilliondollarman
sixbilliondollarman's picture

I'm predicting you are a Typical Jackass with no hair on top. Check my history...that's where your prediction is headed.

Tue, 02/18/2014 - 13:52 | 4448768 realWhiteNight123129
realWhiteNight123129's picture

Silver has always tracked food prices. We have a rally since Dec 2013 on CRB Food INdex. When it is sustained Silver pressure is too high and it blows off upwards. As long as CRB Food index stays uptrend keep your silver, if CRB stays flat, stay idle, if CRB Food falls, sell 1 month calls with 10-15 out of the money. 


Tue, 02/18/2014 - 14:19 | 4448899 Kasperfx
Kasperfx's picture

anyone else have a hunch that this may be du to bernanke no longer in powere and yellen does not want or knows nothing to do with a  gold/silver suppression scheme? 

Tue, 02/18/2014 - 14:53 | 4449055 Lord Koos
Lord Koos's picture

That's cool but I bought a bunch of it at $30...

Tue, 02/18/2014 - 15:13 | 4449147 sixbilliondollarman
sixbilliondollarman's picture

limp dick paper silver still "pushes on" the REAL SHIT son...

FUCK YOU bout sell some LEADCOIN? [just shaped in a little dif geometry]

here's the line to withdraw some shit coin...

line up & get sum:


Tue, 02/18/2014 - 15:58 | 4449332 rabbitusvomitus
rabbitusvomitus's picture

Regardless of the price fluctions of PMs, neither gold nor silver have ever gone to zero against any currency AND THEY NEVER WILL! If you hold physical metal it will always be worth something. As for Bitcoin, in 5000 years we'll see how it "stacks" up to PMs. What makes me chuckle about Bitcoin is that it is trying to become a subsitute for money. When, and I do believe it is when and not if, people finally awaken from their coma, gold/silver phyz will once more take their rightful place at the top of the monetary food chain. You don't need a computer or even electricity to count your stack, candles work just fine BiteCoin. 

Tue, 02/18/2014 - 17:40 | 4449806 MK ultra
MK ultra's picture

For some reason when they sprayed ground up bitcoins onto surgical scrubs as an anti-microbial it had no effect.

And totally baffled why no success using Bitcoins in photovoltaic applications either.

Colloidal Bitcoins anyone?

Prius didn't even make it ten feet on new Bitcoin/LiON/NiMH batteries.

Almost forgot: Bitcoin bullets for werewolves and vampires.. OH SHIT! Doesn't work!

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