Just a quick summary to wrap up your post-Christmas, Tuesday trade.
If you read this morning's post, then you know that the primary driver of today's price action was the pending expiration of the January Comex options. The markets were quiet and thinly-traded and both the bond market and POSX were trading in a way that would usually benefit the Comex precious metals. However, it was straight down after the open and then mostly sideways through the session . Why? There weren't many options expiring near the money today but there were enough......
