There are a number of IPO's coming out next week, including one for the CBOE. Goldman Sachs is an underwriter on most of them.
This is also the June quad witch, one of the four biggest ones of the year. And the put/call ratio indicates a smackdown for the baby bears might be on deck.
So we might expect some shenanigans on the equity front, as they will try and support the markets while they get the IPO's priced and out the door. The primary downside risk there is 'headline risk' as volumes remain light. Few actually believe that there is an economic recovery.
So how will this affect gold and silver? It is hard to say, because the price manipulation is strong at this level of price, in front of a breakout that the central banks would find threatening.
So, we will wait and see what happens.
"Be on your guard against the leaven of the Pharisees, which is hypocrisy and deception. Everything that is secret will be brought out into the open. Everything that is hidden will be uncovered. What has been said in the dark will be heard in the daylight. What has been whispered to someone behind closed doors will be shouted from the rooftops." Luke 12:1-4
