As I noted yesterday, a large number of options were 'in the money' for the Comex option expiration. As you know, these options become active futures contracts on the following day.
"The metals went out on a quiet expiration, with a decent amount of options closing in the money. They will be converted to active futures contracts tomorrow. I expect some market action on this."It is not unusual for the market manipulators to deliver a serious 'gut-check' to the holders of those contracts, especially those of the spec variety, to try and shake them out of their positions in a forced selling of stop-loss orders and margin calls.
Just another facet of financial repression, times of general deception, and the ongoing war on the public interest.
Let's see what the rest of the week may bring.