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Risk Off For Option Expiration - Gold Breaks Out

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Published : February 23rd, 2020
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Category : GoldWire

Some weaker than expected economic news, and the reality of the coronavirus, helped to despress stock prices today.

Especially since the option expiration was today, and the wiseguys had already done half the job by jacking the markets up earlier this week.

Gold has broken out of its 'W' or double bottom formation.

We may see some retracement back to test former resistance, but for now it looks like a trip uptown for the yellow dog.

And silver is going along for the ride.

I have to run to the airport so that's all for now.

Have a great weekend.



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