25 May 2016

Gold Daily and Silver Weekly Charts - Option Expiration Completed

Just as Hillary Clinton represents what has gone wrong with our political system and its inability to reform itself, as least to me, so the Comex represents what has been bent and twisted out of shape in the trading markets.

If you trade precious metals on the Comex, you may as well mail your wallet to them with a note inviting them to take out whatever they wish, and mail you back the empty, if they would be so kind.

Silver has been a big 'tell' this week.   Silver is bit tight, mostly because there are no central bank stores available for ready manipulation, except of course the silver hoard at JPM perhaps as a proxy.

But the gold bullion supply in London and parts East is 'troubled.'  And that is a big difference.

Option expiration is complete.

Let's see how things go from here.

Have a pleasant evening.