Bear Raid In Gold and Silver After Option Expiration

As I noted yesterday, a large number of options were 'in the money' for the Comex option expiration. As you know, these options become active futures contracts on the following day.

"The metals went out on a quiet expiration, with a decent amount of options closing in the money. They will be converted to active futures contracts tomorrow. I expect some market action on this."

It is not unusual for the market manipulators to deliver a serious 'gut-check' to the holders of those contracts, especially those of the spec variety, to try and shake them out of their positions in a forced selling of stop-loss orders and margin calls.

Just another facet of financial repression, times of general deception, and the ongoing war on the public interest.

Let's see what the rest of the week may bring.

War on the Weak, the Elderly, the Disabled, the Outsider

“You may choose to look the other way, but you can never say again that you did not know.”

William Wilberforce

"The inability to identify with others was unquestionably the most important psychological condition for the fact that something like Auschwitz could have occurred in the midst of more or less civilized and innocent people."

Theodor Adorno

Gold Daily and Silver Weekly Charts - Quiet Option Expiration

Today was the last trading day of the month for most US firms.

To preserve and protect, the Wall Street monopoly that is, those vigilant folks at the Gensler CFTC have acted to prohibit Americans from punting their opinions on Intrade. This decision did not take the requisite four years it seems to take that august body of regulators to do anything of benefit for the average American investor.   CFTC Decides to Shut Down InTrade For Americans

The metals went out on a quiet expiration, with a decent amount of options closing in the money. They will be converted to active futures contracts tomorrow. I expect some market action on this.

Nov. 27 Comex December gold options expiry
Nov. 27 Comex December silver options expiry
Nov. 27 Comex December copper options expiry
Nov. 28 Comex December miNY gold futures last trading day
Nov. 28 Comex November copper futures last trading day
Nov. 28 Comex December E-mini copper futures last trading day
Nov. 28 Comex December miNY silver futures last trading day
Nov. 30 Comex December gold futures first notice day
Nov. 30 Comex December silver futures first notice day
Nov. 30 Comex December copper futures first notice day
Nov. 30 Nymex December palladium futures first notice day

Fed Warns of Risk of Financial Cyber Attacks