Stocks And Precious Metals Charts - Oddities - Comex Options Expiratoin Tomorrow

The stimulus bill was held up today, in part because a section was written badly, and then as various GOP Senators were using this delay to object to the amount of money being given to the unemployed. As you know, they are very concerned that giving money to unemployed people might make them lazy.

Bernie Sanders weighed in, and said if these Senators do not drop this constant objecting about unemployment, that he would personally put a hold on the bill until stricter standards are placed on the massive corporate bailouts.Ouch.

Oh well, such are the times.

The stock markets tried to make it two days in a row with another up day, Alas, it was not to be, although the spokesmodels were pleasuring themselves throughout the morning with talk of a second day of 'the biggest stock market rally since 1933'.

And the pundits were urging the public to buy, buy, buy.

Gold remains in a very odd situation.

The premium of the gold futures over the spot market is the largest that we have seen in a very, very long time, since the late 70's early 80's, which were indeed exciting times for gold.

I have included a chart of this below.

Word of a 'fail to deliver' on physical in NY has been rampant, although the fingers are being point at— wait for it— the coronavirus.

Funny, since the stores of gold supposedly in the Comex warehouses right now are so vast.

Silver has been in a strong rally mode, briefly tagging the 15 handle today before falling back a bit.

Tomorrow will be an option expiration for the metals on the COMEX.

The behavior of the LBMA and the COMEX have been what one might expect from such august establishments of secrecy and privilege.

One can only wonder.

Have a pleasant evening.

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