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Gold Daily and Silver Weekly Charts – Capped – Option Expiration Next Week
The precious metals were remarkably quiet again at The Bucket Shop®.
There were no gold contracts taken, and although there were 242 silver contracts stopped, customer to customer, which is much more than we have seen so far in this off month for silver, I don’t see any particular significance to it. Sometimes some metals sites do go overboard with trumpeting these little jiggles. Maybe something is there, but not that we can see yet.
There was intraday commentary last night about the setup for a short squeeze in the metals titled Spec Flambe. I do think that we will see more about this, and I will be watching the Commitments of Traders composition a bit more carefully for the next few weeks.
It is unusual for the private speculators to be so short this market, and it generally gives the commercials, the professional market makers and takers, to give them a bit of a run.
Continue Reading at JessesCrossroadsCafe.Blogspot.ca…
Source: http://financialsurvivalnetwork.com/2015/08/gold-daily-and-silver-weekly-charts-capped-option-expiration-next-week/?utm_source=rss&utm_medium=rss&utm_campaign=gold-daily-and-silver-weekly-charts-capped-option-expiration-next-week
