FOMC and Option Expiry Day

If ever there was a day to jam price all over the place, it's today. First, the Feb22 gold options price and expire at the 1:30 ET Comex close. Thirty minutes later, we get the Fedlines to the January FOMC and then, thirty minutes after that, we get Chief Goon Powell's "press conference". What a day we have in store, huh?

And already The Banks are out in force. Recall how since this time last week we've been discussing the unlikelihood of The Banks allowing price past $1850 ahead of today's option pricing. Why? Because of the unusually high ratio of calls to puts below the $1850...

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