14 July 2016

SP 500 and NDX Futures Daily Charts - Tomorrow


“You are truly mine if you remain faithful to my words.  And you will know the truth, and the truth will set you free.”

John 8:31-32

Stock options expiration is tomorrow.

Have a pleasant evening.





13 July 2016

Gold Daily and Silver Weekly Charts - Stock Option Expiry Shenanigans


“I wonder why it is that the countries with the most nobles also have the most misery?”

Francis Bacon

Gold and silver bounced back a little today.

Stock option expiry on Friday.

Comex option expirations on the 26th.

Have a pleasant evening.






SP 500 and NDX Futures Daily Charts - Zzzzzzzzzz


Boring.

Have a pleasant evening.








12 July 2016

Gold Daily and Silver Weekly Charts - Stock Option Expiration - Risk On!


"Do not fear your enemies. The worst they can do is kill you. Do not fear friends. At worst, they may betray you.

Fear those who do not care; they neither kill nor betray, but betrayal and murder exist because of their silent consent."

Bruno Jasienski

Did I mention this is the week of the July stock option expiration?

And there are a lot of precious metal mining stocks with very fat gains, and a lot of leveraged bullish bets that are aching to be tested by the market bed bugs, aka the parasitic algos and 'market makers.'

Today the wiseguys were feeling fearless, and were tossing their hot money back into the risk trades, mostly to squeeze the other guys who had sought safer, calmer waters from bonds to precious metals.

Let's see how things progress.   So far this is a normal retracement in the precious metals from a short term overbought condition.

Have a pleasant evening.