Comex Option Expiration Day

Today's gold price manipulation is as bold as it is obvious.

43
Tue, May 28, 2019 - 10:37am

My elbow is slightly better after three days of no typing so, rather than the planned morning podcast, here's a morning post that's primarily typed left-handed!

All you need to know today is that it's Comex option expiration day for the front and "delivery" month of June. There are also Comex silver options expiring today but the current front month there is July so volume and open interest is very light.

The action is in Comex gold and, as we began discussing a week ago, the rather obvious "sweet spot" or point of least financial pain for the market-making and option-...

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