24 September 2013

Gold Daily and Silver Weekly Charts - A Quiet Option Expiration with a Few Hijinks

Markets are a bit shaky ahead of the US budget ceiling showdown. Senator Ted Cruz' filibuster will be called by procedure tomorrow, the Senate will strip out the Obamacare defunding language, and will toss it back to Boehner in the House who will have 24 hours to take whatever action he may.

They took gold and silver down overnight, and played their reindeer games in the day trade, with the metals snapping back up for slight gains in the after hours Globex session.

I will take a look at COMEX inventories this evening as we toddle on to the close of September this week.

This will not end well. It never does.