FOMC Decision and Comex Option Expiration For Precious Metals Tomorrow - Beware the Leaven of the Pharisees

from Jesse’s Café Américain: "Beware the leaven of the Pharisees, which is pious, hollow hypocrisy. There is nothing covered that shall not be revealed, and hidden, that shall not be made known. Whatever has been said in the darkness shall be heard in the light: and what has been whispered behind closed doors shall be shouted from the roof tops."

Luke 12:1-3


“Those among the fortunate rich who are not, in the rigorous sense, damned, can understand the neediness of poverty, because they are needy themselves, after a fashion;  but they cannot understand true impoverishment.

Capable of giving alms, perhaps, but incapable of stripping themselves bare, they will be moved to the sound of beautiful music, at Jesus’s sufferings—  but His Cross, the reality of the self-denial of His Cross, will horrify them.  For they want it all out of gold, bathed in light, costly and of little weight; pleasant to see, and hanging from a beautiful woman's throat.”

Léon Bloy


The charts are still pretty much lined up in areas where one might expect to see some movement when volatility returns to the markets.

The option expiry tomorrow is more significant for gold than silver.

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