Stocks and Precious Metals Charts – In the Garden of the Exceptional – Stock Option Expiration On Friday

from Jesse’s Café Américain

[…] Stocks were giving it up today, led lower by the big cap tech stocks.

Gold and silver finished a bit higher from the Friday close, although they had opened this morning even higher. Silver did take back and hold the 25 handle.

I remain somewhat optimistic about silver, moreso gold.

But let’s see how this plays.

The miners were hit again. I suspect we are seeing a ‘technical trade’ for the benefit of those specs holding leveraged and options positions.

It’s funny, but when the metals are in turmoil, the site receives a number of infrequent or largely absent visitors coming back to see what is going on.

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