23 May 2012

Gold Daily and Silver Weekly Charts - V Bottom Ahead of Option Expiration?


Intraday commentary on important dates in the next two weeks here.

May 24
OG - June 2012 Gold American Options - Last Trade Date
OG - June 2012 Gold American Options - Settlement Date

May 29
QO - June 2012 COMEX miNY Gold - Last Trade Date
QO - June 2012 COMEX miNY Gold - Settlement Date
GC - May 2012 Gold - Last Trade Date
GC - May 2012 Gold - Settlement Date

May 31
GC - May 2012 Gold - Last Delivery Date
GC - June 2012 Gold - First Notice Date

June 1
GC - June 2012 Gold - First Delivery Date

I have reduced cash levels down from 30+% to about 6% in my trading account and added silver bullion to the portfolio mix. Let's see what happens.

All is not bad news in the world. Series 2 of 'Sherlock' is exceptionally good, even to a Baker Street Irregular such as myself, with a long standing dedication to 'the canon.' P.S. I am informed that Series 1 of Sherlock is available on Netflix streaming. It is best to watch them in order if possible as they build on one another, although I do think that Series 2 is a little better.

And The Game of Thrones on HBO is almost as good as the books.  It is a remarkably entertaining performance especially by Peter Dinklage. But if you can take the time read the books by George R. R. Martin. He is a remarkable story-teller in the tradition of J. R. R. Tolkien, with a bit more edge.