Tuesday, July 26, 2011

Turk- Gold to squeeze shorts like lemons

From KWN: “Today’s action was very significant Eric as both gold and silver closed above previous resistance points. In the interview that we did last week, I said $1,640 to $,1650 is the near-term target. That is the level we should be focusing on, but readers have to remember that option expiry starts tomorrow. Given the recurring downward price pressure that we normally see during option expiry, the action over the next two days should be watched closely.”
Click here for entire article...

Be back tonight with a full commentary on whats going on.

13 comments:

  1. wonder if the latest false flag in oslo will affect metals ... such crap, up to 5 shooters were taken off island (ala ft hood and columbine), all the helicopter police took a vacation at same time ... shit never ends

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  2. Am I a dick for wanting silver to get hit tomorrow due to options expiry? I just got a big check and would love a sale.

    And for those of you ready to answer, "no, you're just a dick", I already realize I set myself up for that. But, I find myself constantly wanting that one more sale. I guess I just never feel like I have enough. I want the price to go to the moon except when I want more physical. It's an interesting conundrum.

    And, since I have already tossed my nuts on the anvil, I am 42 years old and I like to look at and play with my shiny metal.

    Thank you for listening, I feel better.

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  3. Option expiry is this wednesday/thursday? They was a definete push to get them below 1600 /40 today...and when that failed...both just ran up..

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  4. forgive my stupidity but what is 'options expiry'. I understand that options expire on a certain date, the next one being aug 20th. So what is options expiry for this week?

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  5. 27th

    http://www.cmegroup.com/trading/metals/2011-metals-expiration-calendar.html

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  6. Peter Shiff Video from today: There Are No Monuments for Compromise: Peter schools Obama on American History.


    http://www.youtube.com/watch?v=VH7IJFIFNc8&feature=feedu

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  7. When I get a little down (not much), I watch this video about silver. Great song..makes me want to crush a skull of the Fed:

    http://www.youtube.com/watch?v=FywT-txGuss

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  8. "Your comment will be visible after approval"????

    Ok...censorship... blog deleted. Thanks for everything SGS, but censorship... Im out. Good luck with everything bro. No hard feelings, I can deal with silver manipulation, but censorship, no thanks.

    Peace Out All!!!

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  9. @Mark: futures options expired today. Stock options expire every 3rd Friday of the month.

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  10. Highrise: the blog was being spammed by morons for the last 2 days, if you want to read 157 spam silver blogs for some jack fuck I can tuen it back off, until then, its on till I deem it off. All comments are posted, unless they are spam or Weather unit.

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  11. Tom H, I can relate, came late to the game and would like a little time to stack before we start the next space shuttle program.

    Great video/music Ledbedder, thanks.

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  12. @Colin -all the slave/sheep went back to sleep dewd. Nobody gives a shit anymore. Too bad.

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  13. Ledbedder I listen to the Silver War Cry about once a month..lol Think he needs to redo it though, his prices are getting Cheap.. It's been out for awhile !

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