Stocks And Precious Metals Charts - Comex Option Expiration Boogie Woogie
Traders got a thrill ride today, as stocks plummeted led lower by the big cap techs.
It turns out that this discussion of higher interest rates is not bubble-friendly.
But never fear, stocks were well off their lows into the close.
Gold and silver were also hit again, in honor of the key December contracts option expiration.
They did hit support and bounce back a bit into the close..
There might be another gut punch waiting for those whose calls were in the money and are not the proud holders of actual futures contracts.
The Dollar chopped sideways.
More economic data coming tomorrow.
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
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 ...
more