Disinflation Bias Continues To Grow

Well, nuts. While it's always somewhat resassuring to be correct about a market move, it's just a helluva lot more fun to be right about UPside rather than downside. However, now that the downside targets in silver that we discussed last Friday have been reached, perhaps we can stabilize here and begin to trend higher once again for another crack that the 50-day and $15.50.

TFMR Podcast - Monday, August 17

A quiet day but bubbling just below the surface is the "disinflation bias" which showed itself through lower crude, copper and interest rates. Will this trend take control of all markets again as soon as tomorrow and, if so, how will it affect gold and silver in the short term?

Guest Post: "The U.S. Exports All Of Its Gold", by Steve St. Angelo

As the world races towards another financial calamity, the U.S. Empire’s strategy to shield itself from this impending disaster, is to export all of its gold supply.  That’s correct.  The U.S. Gold Market can be summed up in three simple words… ZERO SUM GAME.

Monitoring the Disinflation Bias

A new week begins and continued lousy economic news means that we must still be concerned about the disinflation trade in the short term. Copper and crude remain under pressure and they can both have a renewed spillover effect into silver.

TFMR Podcast - Friday, August 14

As expected, silver was not allowed to close anywhere near $15.50 today and it was savagely beaten lower in some of the most blatant manipulation we've seen in at least...three weeks! Oh well, we still had UP weeks for both metals. What will next week bring? C'mon in and let's talk about it.

In The Woods

Though the past two weeks have serves to ease some of the pressure on the metals, we are far from out of the woods. Particularly in silver, moving back above a key technical barrier would be very important so be sure to watch the action today and then be sure to make note of the weekly close.

A2A with Yours Truly

Every 3-4 months, we like to do these A2As with your host acting as guest, as well. Always some interesting questions on the collective mind of Turdville and today was no different.

Checking A Few Correlations

With the metals churning sideways today, I thought we'd take a quick check on some of the HFT-algo correlations that we've been following.

TFMR Podcast - Wednesday, August 12

The day brought the metal rallies that we expected and discussed last evening as well as "V"-reversal #14 for the S&P. So, what happens next? Is this just another "Calvin" bounce or has something more significant changed?

Yuan Down. Commodities...Up?

A second yuan devaluation in as many days has had some surprising results. Global equity markets are down big across the board and the dollar is getting drilled. Bonds are rallying and so, too, are commodities as the investing world begins to realize that The Fed is NOT going to be raising the Fed Funds rate anytime soon.

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