With Precious Metals hovering half way between record highs and critical support, I have no doubt in my mind that Monday will , at least be interesting. Monday of course is an important expiry date for Comex Precious Metals options. With any luck we will see the last of the SGR sellers bail on an expected lousy quarter and the shorters taking the opportunity to cover. I am only hoping of course and perhaps with any luck Tuesday will be a good day for gold and the gold stocks will follow. I know it is coincidence that our financials are on the same day as Comex expiry, however we will see if it turns out good or bad. With the manipulators at JP Morgan hard at work I have no idea what they have planned.

The next date for the precious metals options expiry is Monday, March 28th, 2011; the reader is advised to be careful as the trading that day for precious metals and precious metals stocks will be volatile.

http://seekingalpha.com/article/260168-gold-and-silver-options-expiry-march-28-2011-expect-volatility