Gold didn't stay enough above $1100 to make any money. Its going to be interesting see what happens to silver by Thursday.

From Midas tonight.

"The Comex gold close means that anyone who bought 1100 calls, got very little for them, and most likely lost a lot of money because of the premium money lost ... while those who wrote the calls, and took in some heavy premiums as income, did very well. Some things never change on the Comex. "

"The Cartel did more of their illegal violations of the Sherman Act today in full view of the regulators. I predicted on Sunday that the Cartel would hit gold and silver this week because of option expiry. Judging by the open interest in the options I said their target prices would be $1100 on gold and $16.00 on silver. Today gold closed at $1102.6 and silver at $15.88! Even though the gold closed above $1100 the options will be almost worthless
Cheers
Adrian "