Another Comex Option Expiration Day

The laughs continue and the party rolls on today with your monthly option expiration day on the Comex. As such, you should not be surprised that prices were mostly stable all day through Shanghai and London...and then straight down once Comex trading began in New York.

Anyway, it just is what it is and there's nothing we can do about it. Maybe prices will stabilize and bounce back a little as the day moves along? But for now, while the POSX has been rangebound and rates have been falling, check the action in CDG and CDS since the Comex open:...

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Key Economic Events Week of 5/12

5/12 10:25 ET Goon Kugler
5/12 2:00 ET Monthly Treasury Stmt
5/13 8:30 ET CPI and Core CPI
5/14 9:10 ET Goon Jefferson
5/15 8:30 ET Retail Sales
5/15 8:30 ET PPI and Core PPI
5/15 8:30 ET Philly Fed
5/15 8:30 ET Empire Fed
5/15 8:40 ET Chief Goon Powell
5/15 9:15 ET Cap Ute & Ind Prod
5/15 2:05 ET Goon Barr
5/16 8:30 ET Import prices
5/16 8:30 ET Housing starts
5/16 10:00 ET Prelim UMich May
5/16 4:00 ET NYSE option expiry

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