TF Metals Report Blogs

Must Watch Video

By now, most have seen last week's announcement from First Majestic Silver regarding their decision to withhold some silver from the market at these price levels. In this remarkably candid interview, the CEO of First Majestic proposes a new "Silver Producer Cartel" to counter the price manipulations so prevalent in today's paper markets.

Election Time Ebola Reality Check: CDC Admits Droplet and Doorknob Transmission

That's right. Ebola can be transmitted by sneezes and doorknobs. 

I simply don't get the people who are downplaying Ebola. On the one side we have fringe conspiracy theorists who charge that the Satanic sociopaths in charge want to depopulate the planet, yet are faking the Ebola threat for some bizarre reason. On the other we have what appear to be Democratic operatives flooding news comment sections making fun of anyone who is concerned about Ebola.

 

A Key Moment Awaits

Both gold and silver are progressing toward defining moments. How the charts get resolved will go a long way toward determining which direction the metals trade in 2015.

The China Gold Association Confirms Koos' Numbers

Now even the China Gold Association is openly admitting that total Chinese wholesale demand was 2,200 metric tonnes in 2013. Of course, the only "analysis" that seems to matter creeps from the bowels of The World Gold Council, which continues to understate Chines demand fully by half. Why does the WGC persist with their imaginary numbers? Could an agenda be involved?

Something Other Than Charts

While we watch prices be stomped lower yet again, here are a couple of items to help take your mind off of things and maybe feel a little bit better.

Events Moving Quickly

With the active and ongoing situation in Ottawa, just a quick thread with some links and a few charts.

Another Crazy Tuesday

Once again, things are moving really fast and I feel like I'm already behind the proverbial 8-ball. However, just as we discussed yesterday, gold is breaking higher and the S&P is nearing critical resistance near 1926. The rest of the day is going to be pretty interesting.

More GLD Drawdowns

Longtime readers will recall that we've been covering the ongoing depletion of the GLD since early 2013. After today's massive withdrawal, the total alleged "inventory" of the GLD now stands at a multi-year low of just 751.96 metric tonnes and down 5.8% on the year. This while the paper price of gold is actually up on the year by nearly 4%.

So What Will This Week Bring?

Last week saw tremendous volatility in the equity and bond markets. It also saw a strong rebound on gold, right back up to the primary trendline we've been following all year. Holy moly, where do we go from here?

Religious Liberty Under Assault in the Name of Transgender Bathroom Access in Houston

I finally realized the core of what has been bothering me about what's happening in America lately - how Ebola is being mishandled, the idea that more debt is the path to prosperity, the never ending parade of PC lynch mobs ready to destroy someone's career or livelihood for not holding the proper opinion. 

Our very reality is under assault.

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