Thursday August 26th marks the day that gold and silver options expire for Comex. In the past, this is around the time that some say “the big boys” take advantage of the masses and cash in on spot price metal investments. According to the “little birdies” out there, they accomplish this by pushing the price of an option above certain resistance levels. When this happens, the machines take over and stop all buy orders. This is where “the big boys” sell and take profits, then go short on whichever metal they are attempting to manipulate. Be wary, there are many “little birdies” out there, and they tend to chirp a lot! Just remember, people lie, numbers don’t.
There is a lot more to it than stated above, if it was that simple, everyone would be doing it.
If the birdies are right however, that could explain the biggest jump in one day for silver prices today, closing right around $19. Continue to study and research and put your self in this loop. Once you know how this works, you can trade like the big boys, which means buying tomorrow IF, the “birdies” are right and the metal pulls back after all the shorts are unloaded. This is a big IF, and, both gold and silver continue to be a good buy for long positions according to those we have spoken to, regardless. Equiping yourself with this knowledge will allow you to take profits in a shorter amount of time.
If it’s true! 😉
Study long, study wrong……
good luck readers!
educate thy self!