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Strange market behavior
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John Burns
Posted 3/22/2013 09:19 (#2982707)
Subject: Strange market behavior



Pittsburg, Kansas

Here is a chart of 5 year rolling average of price movements for silver, along with a comment (down below the chart) by Ed Steer from Ed Steer's Gold and Silver Daily in March 22, 2013 edition. Ed is pretty big in the market manipulation theme and goes a bit overboard sometimes (in my opinion) but the chart below makes a pretty good case for some funny business going on. You can click on the second link, find the chart and click on it to see it better in a larger format if you wish.

"Yesterday I posted the 5-Year Rolling Intraday Average Price Movements chart for gold...and here it is for silver.  It's the same in some ways, but different in others.  As usual...and just like gold...note the inflections at the 9:00 a.m. London high for silver...the a.m. gold fix, the noon London silver fix, the Comex open, the 9:30 a.m. Eastern opening of the equity markets in New York..and the London p.m. gold fix.  All stand out like the proverbial sore thumbs that they are."

Nothing to see here folks, move along.

John

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