TF Metals Report Blogs

This Week's JBSFC

Another must listen hour last night with Mr. Batchelor and Professor Cohen. As The New Cold War grows in intensity and danger, it is imperative that you remain on top of the situation by listening to these weekly discussions.

A Deliberate Smash To Take Out Gold's 50-Day Moving Average

Just as we anticipated and laid out for you in yesterday's podcast, the metals were smashed again this morning in a deliberate attempt to drive gold down through its 50-day MA and run the sell-stops below that level. Again, this is all about the reset of price as low as possible before Mother Fellen's speech on Friday.

Sell The Rumor, Buy The News

It's a busy Tuesday with interesting news all around. That doesn't seem to matter to the metals, however, as the price sapping in gold and the impending options expiration in silver are serving to keep a lid on prices...for now.

Garbage Time

As we head toward Sep16 Comex silver option and contract expiration, we know that JPM et al would come for price. And they did just that, hitting silver for 20¢ at the Globex open last evening and then smashing it for 3% before anyone could react. Meh, whatever. They're playing right into our hands.

On Again with Greg Hunter of USA Watchdog

It was a pleasure to visit with Greg Hunter again late last week.

"The HUI is the new Spot Price. REACTION!"

We seem to have the makings of a major disconnect, and it is worth talking about:  the mining indexes are raging, while the spot price "markets" are looking more and more like the ugly step-sister nobody wants to dance with.   Billions of dollars are flowing into gold and silver miners, yet all the while PM "price" continues to lag, largely because it is set by the traditional flawed paper derivative dinosaurs.  Regardless of how or why this is occurring (deliberate plan or free market), one thing seems evident:  HUI is the new Spot Price, and Spot Price is Dead!

Another Week Ends

The metals are lower again this morning as bonds once again sell off and interest rates rise. Frankly, however, it could be a lot worse as gold is still UP $5 on the week as I type.

Post-FOMC, The $1360 Gold Cap Holds Again

In some ways, this has been quite remarkable to watch. Gold approaches or breaches $1360 and immediately it is beaten backward. This has now happened five times in the past six days which obviously means that it's just another coincidence and curiosity of our free and fair, totally unmanipulated paper gold market.

Another FOMC Blitz

I don't know about you, but ole Turd is sure getting sick and tired of these FOMC statements being some sort of be-all-end-all for the "markets". And with gold UP nearly $300 or 30% since The Fed raised the Fed Funds rate back in December, maybe we should all be pulling for higher rates anyway?

Cold War Heating Up

After reports of an armed "skirmish" in Crimea, there are now steps being taken by both Ukraine and Russia which might enflame the crisis. Thus, as usual, this week's JBSFC is required listening.

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