25 October 2011

Gold Daily and Silver Weekly Charts - Comex Option Expiration Tomorrow

It was 'risk off' today as domestic economic news was weak and Euro-optimism was subdued.

There was intraday commentary on today's somewhat unusual rally in gold and silver here.

The economy in the US continues to weaken, and the political leadership seems preoccupied with doing more trickle down favors for their wealthy contributors.

There was an interesting divergence as gold and silver were up sharply as stocks were lower. That's a change of pace.

Tomorrow is the November option expiration on the Comex. I discussed this intra-day here.