11 July 2016

Gold Daily and Silver Weekly Charts - Stock Option Expiration This Friday

"You have to drill through mud and water to get oil; you have to sift through sand and silt to get gold; you have to chop and hack through stone to get diamonds. So why do so many people feel that the treasure of ideas should come to them with little or no effort?"

Sydney J. Harris

Since the mining stocks are some of the premier gainers for the Year-To-Date, I would expect them to be presenting some fat targets for shenanigans this week for the stock option expiration.

There will be the August metals contract option expiration on July 26th.

Gold was off a bit today, while silver held its gains.

Gold is treading water above support while it waits for silver to catch up a bit it seems

Have a pleasant evening.