25 November 2013

Gold Daily and Silver Weekly Charts - Comex Option Expiration Overnight Antics

Gold took a big overnight hit in the futures, which was probably a pre-emptive effort to shake out a few more weak hands ahead of this afternoon's option expiration for gold and silver.

The metals actually finished fairly well, given that this is a very light trading week even by our unusually light trading volumes.

There was a little inflow to the Comex metals warehouses.

As you can see from the metals calendar below, the December contract makes its debut towards the end of this week.  Let's see if December will live up to its title as an active month.

Have a pleasant evening.