Submitted by: Francis Soyer
So we are almost done with Options Expiration. Tomorrow most call options on stocks and commodities will expire worthless as usual as the super sized players whip things around as best as possible in the quest to take as much money, from as many people as possible in the shortest period of time.
Gold and Silver of course are no exception except in that with Europe, the European Union and the Euro currency running out of time in spite of rumor after rumor of a proposed solution that will never happen. It will not happen because there is NO SOLUTION. They know it and are dragging this out as long as possible before the cat gets out of the bag so to speak...
So why are ESF funds (Exchange Stabilization Funds) hammering silver and gold? To send the signal to the markets that "all is well!, nothing to see here! please move along..." They know dam well that a shit storm is probably only a few weeks away.
That said take a look at the YTD VWAP (volume weighted average price) charts for PHYS and PSLV. Notice that in PSLV and PHYS we have basically had only 3 opportunities! to engage on the long side for both! Every time we dip at or below its just a matter of minimal time before we blast off it. Why? because it is during those times the Fed banks and their cronies cover shorts from their "all is well" programs and bag as much on the long side as possible. Think about it.
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