Stocks And Precious Metals Charts - Metals Mugged On Comex Option Expiration

The metals got mugged the day before the important December options expiration tomorrow. 

Since this is a holiday-shortened week the hit occurred a little earlier and harder than one might expect.

But it may not be over yet. 

There is still tomorrow to clear out some more punters. 

But I did caution several times about this significant option expiration and the traditional manipulation of the metals in their biggest contract month.

So what. Get right, sit tight.

A good chunk of physically changed hands in Hong Kong, where inventories are once again down to the bottom of the barrel. 

The Dollar was up marginally, although well off the overnight lows. Well done Wall Street.

Stocks moved a bit higher, led by non-tech and the broader markets. 

Biden has announced Janet Yellen as his pick for Treasury Secretary. 

For those of you who have inquired, Tony Sanders is in hospital, now out of danger, but not yet well enough to be mobile. This pandemic is serious business.

Stock a fork in Donnie. He is done, despite all the posturing and increasingly clumsy attempts to block and overturn the voting count and certifications.  And the fantastical stories of secret strategies spun in the blogosphere and 'lost cause' sound machine. despite the comic legal efforts of his crew.

Like most everything else in politics these days, it's mostly theater, and playing to the crowd, while the oligarchy grows increasingly audacious behind the scenes. 

But that's reality show business. While the band plays on.

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 ...

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