WEEKLY MARKET DIGEST: QUADRUPLE WITCHING, SELLING IN GOLD AND SILVER IN ASIA $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
QUADRUPLE WITCHING, SELLING IN GOLD AND SILVER IN ASIA
September 20, 2013
Today is quadruple witching. Stock index futures, stock index options, stock options, and single stock futures expire today. Expect volatility.
Significant selling is taking place in gold and silver in Asia. This is of note because bulls often cite demand for precious metals in Asia.
Oil is falling and is now below key support of $106.
Interest rates are steady.
Gold futures are at $1351, silver futures are at $22.61, and oil futures are $105.27.… Please click here or the title below to read more.
September 20, 2013