Jesse tonight: "Tomorrow is option expiration on the Comex. I hear that there are quite a few call options open around the 1600 strike. So we would expect the price of gold to get hammered down below 1600 sometime this week.

When options are in the money, they are converted into open futures contracts. So there may be a lot of new holders of futures contracts who get a stiff gut check on Wednesday through Friday, if it does not come tomorrow."

If there is news...or was supposed to be news....I think it would be better not to release it tis week.

I yapped all last week about what was coming down this week...so here it comes.

Good time to buy any JPM with potential or great resources...but wait for the takedown.