Non Farm Payroll taxes released Friday? Harvey Organs Blog

[Steal]

Maybe a good buying opportunity , still?

http://harveyorgan.blogspot.com/

[Steal]

errr....not what I was looking for....

http://i45.photobucket.com/albums/f60/Froggydogg/nygold.gif

[gunDriller]

errr....not what I was looking for....


the trend seems to be pretty clear - prices are pushed down below $1200 during options expiration week, following the calendar in this other thread -

http://gold-silver.us/forum/gold-silver-precious-metals/metals-calendar-futures-options-dates/msg80874/#msg80874

e.g. options expiry was July 28 & will be August 27.

so we can expect a gold/silver "peakette" (mini-peak, i don't know if it will top $1260) about Friday August 13.


unless of course ... the Fed officially announces QE2 (Quantitative Easing). it would be interesting if they announce that on August 26. I don't know what their MO is for timing these announcements.

they seem to sweep most of the news about money-printing under the rug, only to be un-covered later by financial detectives like Carl Denninger.

but every once in a while the Fed seems compelled to make the "official announcement" about QE, like they did March 18, 2009.


Pierre Lasonde, long-time gold industry guy (ex-President of Newmont, etc.) also talks a little about early summer softness in the metal markets in his recent interview at King World.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/4_Pierre_Lassonde__files/Pierre%20Lassonde%208%3A4%3A2010.mp3