Chart usGOLD   Chart usSILVER  
 
Food for thought
It takes two to speak the truth: one to speak, and another to hear
Henry David Thoreau  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1172.46-26.14
Silver 16.03-0.45
Platinum 1230.50-7.80
Palladium 778.202.30
WORLD MARKETS
DOWJONES 17195227
NASDAQ 456617
NIKKEI 16414756
ASX 550548
CAC 40 422180
DAX 9260146
HUI 165-13
XAU 68-5
CURRENCIES (€)
AUS $ 1.4252
CAN $ 1.4070
US $ 1.2564
GBP (£) 0.7857
Sw Fr 1.2059
YEN 140.2390
CURRENCIES ($)
AUS $ 1.1345
CAN $ 1.1198
Euro 0.7960
GBP (£) 0.6254
Sw Fr 0.9598
YEN 111.6170
RATIOS & INDEXES
Gold / Silver73.14
Gold / Oil14.67
Dowjones / Gold14.67
COMMODITIES
Copper 3.120.01
WTI Oil 79.91-0.61
Nat. Gas 3.72-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold Daily And Silver Weekly Charts - Comex Option Expiration - Goldfinger
Published : February 26th, 2013
169 words - Reading time : less than a minute
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet
Keywords :   Bullion | Comex | Europe | Real Estate | Silver |

Gold and Silver had decent bounces off deeply oversold levels on this Comex expiration.

Stocks slumped hard, largely on renewed recognition that the sequester and Europe are still a problem.

There was really nothing new said, as VIX spiked, but the bubble in stocks had simply run its course for now as the last of the big caps reported their earnings.

What next? Keep an eye on the sequester in the US and on Europe in general. There are some signs of a growing problem in greatly overpriced Chinese real estate.

I am looking at this bounce to see how gold handles the 50 percent tracement level of this big waterfall decline, which was stage managed by the funds and probably the bullion banks.

Will this be a v-bottom, a multiply tested bottom, or no bottom at all?

The levels of open interest on the Comex during this decline, as well as who was doing the selling, were remarkably significant.  And likely to be ignored by the market 'regulators.'







Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
10/31/2014
10/30/2014
10/30/2014
10/30/2014
10/29/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer