Gold Daily and Silver Weekly Charts

Gold and silver took a pause in their rally today.

The FOMC announcement is tomorrow and gold option expiration is on Thursday.

SP 500 and NDX Futures Daily Charts - APPL After the Close

YHOO hit EPS but missed revenues, but APPL is the big tickle and will be announcing their results shortly.

The SP left a big hanging man doji candlestick formation. This could mark a top.

Benny and his merry money mavens will be making their announcements tomorrow afternoon. Gold and silver took a corrective hit today in honor of their pronouncement. Bear in mind they have come rather far fairly quickly.

All eyes on AAPL.

Net Asset Value of Certain Precious Metal Trusts and Funds

The Sprott Silver Trust premium remains depressed compared to historical norms. I believe that this is due to the 'underwriter effect' as they clear their over allotments obtained at 13.20.

The other premiums remain healthy, showing a reluctance to sell off hard in this metals correction, at least so far.

Gold Daily and Silver Weekly Charts

Nice up day in the metals.

The Fed will announce the results of their meeting on Wednesday.

This Thursday will be an option expiration in gold. The likely range is 1650 to 1700 based on the put/call ratios.

From the charts, it looks like gold will be hitting some fairly stiff resistance between 1680 to 1700.

The Republican presidential freak show kicks into high gear with tonight's Republican debate and the upcoming Florida primary election. So far it has not disappointed.