Expiration Friday

Well, here we are again. It's NYSE option expiration Friday, a day which often brings volatility and price management. Often...but not always. For example, last month the price of CDG simply plowed forward and the GDX was up, too, on NYSE option expiration Friday so we'll see where things go today.

And the day sure did begin well. Both CDG and CDS were well bid in China and moved up nicely last evening with CDG blasting toward $2720 and CDS moving above $32. Prices eased a little at the start of The London Monkey Session but then rallied back. Shortly after the Comex open, we got...

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Key Economic Events Week of 12/16

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