Gold Daily and Silver Weekly Charts – Quiet Option Expiry, FOMC Tomorrow

from Jesse’s Café Américain

[…] That first quote is for Bernie Sanders, and that second sums the substance of the Fed.

I think that the gold and silver prices got pegged to the price that pleased those who wanted to take the most out of the pockets of the non-professional (directional) options players.

Tomorrow will be the FOMC, and we may see a move, depending on just what the Fed decides to do.

I can see them doing nothing, or raising 25 bp and getting it over with. I put it at almost 50-50. They are running out of time to act from a practical standpoint, but the financial system is so shaky that they are paralyzed by fear of doing anything that will cast a finger of blame in their direction.

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