Gold Daily and Silver Weekly Charts - Happy Option Expiration Day - Gold Carry Trade

Today was Option Expiration Day for the metals on Comex. Presumably the call holders have been beaten sufficiently, and now it is the turn of those holding puts.

This is a nice bounce, but as a caution the downtrends in the short term have not yet been broken.

In an earlier piece today about the gold market we discussed leasing of gold by central banks into the markets which certainly does