Well, here's one milestone we can finally put behind us this week. As you know...and as almost always...prices have been capped as of late in order to minimize the financial loss to the option-writing Banks at expiration. Expiration finally occurs today at the Comex close and then we can move on to our other concerns as the week progresses.
It has been a challenging morning...again...for the Comex digital metals. Though rates were slightly lower and the POSX was falling, CDG and CDS were stuck in the mud at the same levels below which they'd been capped since last week. Until...