Last Friday was NYSE option expiration day and what did we see? POW! A big smash during Comex hours. Today was Comex option expiration day and what did we see? POW! A big smash during Comex hours. Are you noticing a pattern here?
But, whatever. It's not like this is the first time we've ever witnessed overt price manipulation on Comex option expiration day. Anyone foolish enough to play in The Banks Casino has to know the risks and understand that, if you play long enough, The House is always going to win.
For today, discussion of all this followed by a mention of these...
