option expiration today = the only reason for yesterday's OBVIOUS SCAM RAMP job in DYING golds/silvers
Nothing amused me more than all the WRONG WAY AMATEUR gold/silver cheerleaders DELUDED into thinking that yesterdays' OBVIOUS DEADCAT BURP in these fatally wounded golds/silvers revolved around a "flight to safety"
Girls, as I tried to warn the clueless gold/silver cheerleader FOOLS, these pathetic DYING golds/silvers have FAILED as "flight to safety" for the PAST TWO YEARS during all financial storms...during all currency turmoil...and during all international crises. THAT is indisputable FACT.
SO yesterday's SUCKER BURP had nothing to do with "flight to safety," it had everything to do with OPTION EXPIRATION today, not to mention the need to hoodwink amateur gold/silver wackooos into buying yet another round of ultimately WORTHLESS gold/silver SEPT. call options.
you see, girls, the slimesters at the banks/funds, who WRITE most of these WORTHLESS gold/silver call options, month after month, need to ensure that a small fraction of the PUTS wipe out now and then, in order to create the amateur DELUSION that there is some notable upside potential to the fast DYING gold/silver sector...when market TECHNICALS are SCREAMING that there is only a SHARP DOWNSIDE FUTURE into the close of the year.
As usual, I am 100% CORRECT in that smart market evaluation, and those amateur boobs who bet against GENIUS always LOSE!!