Gold Daily And Silver Weekly Charts - Option Expiry Today, FOMC On Wednesday

Gold and silver had a sharp rally this morning. Some would ascribe it to a perception that the Fed will not be raising rates anytime soon.

There was some intraday commentary on the metals here.

The bucket shop delivery and warehouse reports were quiet.

Gold and silver had a sharp rally this morning. Some would ascribe it to a perception that the Fed will not be raising rates anytime soon.

I think we have played that tune many, many times. Too many to matter much anymore.

Let's see what happens.

Have a pleasant evening.

 

 

None.

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