Gold Daily and Silver Weekly Charts – Central Bank Blather and Stock Option Expiration

from Jesse’s Café Américain

[…] Freedom is not an objective to be reached and then forgotten. It is a way of life.

Gold and silver were lower today, largely on a stronger dollar and what I like to think of as stock market option expiration for September which is this Friday. The options on miners are lucrative enough to warrant the attention of some of the pigmen.

It is fashionable but fatally myopic to blame everything on government manipulation when the regulatory bodies and their bosses are as ideologically and financially compromised as they are today, and the moneyed interests buy and sell politicians almost openly, and even then quite brazenly.

But still, these fluctuations in the metals themselves are just short term ‘wiggles’ for the most part, and the overall trend remains bullish.

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