Stocks and Precious Metals Charts - Non-Farm Payrolls and Comex Option Expiration Next Week

from jessescrossroadscafe:

“We have been called to heal wounds, to unite what has fallen apart, and to bring home those who have lost their way.”

Francis of Assisi

There will be an option expiration on the Comex tomorrow, August 28th for the September contracts for gold and silver.

Silver is a more significantly active metal in the September contract.   The focus in gold trading now has shifted to October and December.

Gold is jammed into resistance at the $1300 level as can easily be seen in the price chart below.

There will be a Non-Farm Payrolls Report for the month of August on Friday, September 8.

Please remember the people of Texas who are suffering the adverse effects of a hurricane with very heavy flooding.

My son returned a week early from his Summer internship in Texas at my request. I was suddenly concerned about the queen and asked him to come home. His manager was very accommodating given the circumstances, and he drove back over a three day period. In doing so he missed all of the bad weather there, for which I am grateful.

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