New York and Shanghai Gold Deliveries

An interesting perspective comparing the gold markets of New York and Shanghai.

From Nick Laird at goldchartsrus.com.

Gold Daily and Silver Weekly Charts - Coiling For a Move

"At that time many will falter, and betray and despise each other.  And false prophets will appear and deceive many people.  Because of the increase of wickedness, the love of many will grow cold.  But those who stand firm to the end will be saved." Matt 24:10-12

Stock option expiration tomorrow.

We are living a lie, because it serves us, it flatters us. It calls us to lie more and more, to use our power and knowledge to construct more lies, to love the lies, and to hate the truth.

We do. We love the darkness, and cannot bear the light. And so we love the lie. We love to think of ourselves as exceptional. But when our failings are exposed, we hide them with displays of power to silence the truth. We would be as gods, but are tragically just children of wrath.

And with the darkness comes madness, and the madness serves none but itself.

Have a pleasant evening.

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.

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.

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.