Stocks and Precious Metals Charts - Shameless, Fearless - Metals Hit For Comex Expiration

Feb 23, 2021 at 5:43 PM EST

Gold and silver were hit this morning, as is expected on a Comex Option Expiration and the Futures Contracts. But the metals seemed to claw their way back.

Gold and silver were hit this morning, as is expected on a Comex Option Expiration and the Futures Contracts.

Silver is in an active month for March and was hit particularly hard.

But the metals seemed to claw their way back.

Silver is very much worth watching.

I was discussing the metals' action with a friend today and observed that there is likely to be more counter-intuitive action in the metals as the shortage of physical worsens and the leverage and asset fraud intensify.

Have a pleasant evening.

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Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.