20 June 2014

Gold Daily and Silver Weekly Charts - July Metals Futures Option Expiration Next Week

There is an option expiration for the precious metals on the Comex next week. It is for the month of July which is not a particularly lively month.

Gold and silver both paused today, after their big move higher yesterday. I still have not quite figured out the reason for the move, except for the obvious technical boost it had from the short squeeze.
I will let you know if I see anything to either confirm or add to the usual suspects, Argentina and rehypothecation unwind.

Have a pleasant weekend.