21 November 2014

Gold Daily and Silver Weekly Charts - Comex Option Expiration Monday

 We Do Not Give Thanks.  We Always Deserve More.
Next week will be a short trading week because of the US Thanksgiving holiday.

Monday will be the last Comex option expiration for the year, for the December contract. We may wish to brace for shenanigans.   We are reaching a more critical point in the markets, but do not, absolutely do not, expect this to be easy.  
The big changes come when we least expect them, and then as a thief in the night.  Betting on short timeframes with leveraged bets is a losing trade 99 times out of 100.  And if you hit it big one time, you may chase that adrenalin high again and again, until you are exhausted by the time things really break your way.

Gold and silver continue to dribble out of the Comex warehouses. For a quiet month we saw a bit of gold taken out of New York.

There was some very interesting news today.  I featured both items.
As it turns out while Germany was waiting and the Swiss are considering their decision, the Dutch managed to quietly, some say secretly, repatriate a good chunk of their gold from New York back to Amsterdam.   From their glory days roaming the world the Dutch understand that possession is nine-tenths of the law.

We also heard Senator Carl Levin criticize the Federal Reserve for enabling the Banks obtrusive entry into the commodity markets, where they were faced with a candy store of opportunities to manipulate prices, obtain inside information, and to basically fill their own greedy pockets by using subsidized funds from the Fed. 

Levin may as well have turned to his colleagues on the Hill and shamed them as well.

Until there is reform, there will be no recovery.
Nobody wins unless everybody wins. 

Have a pleasant weekend.