This is options expiry week.

If you Google "options expiry" the number one link that will come up is a nice calendar which shows all the option expiry dates for the calendar year is a nice .pdf format.

Why is this important. TPTB, as opposed to those who aspire to be, regularly drive down the gold futures just prior to the expiration date so that the guys that wrote the options won't have to pay off. They deliberately push the market wherever they want it so that the options will expire worthless. Nice job if you can get.

Needless to say this sometimes, like today, involves savagely attacking the gold futures market. Look at today's gold chart. Does anybody trying to make money selling gold trade like that. That would be a big NO. But if that's the price of making the options expire worthless, more has been made than lost.

Of course a slaughter like today in the gold market affects the share price of the stocks as well. More options expire worthless. Options expiry is often, not always but often, a good time to buy our beloved juniors.

P.