TF Metals Report

The end of the Great Keynesian Experiment is upon us. Turd Ferguson and his band of loyal Turdites patrol this Watchtower. We are here to help each other navigate the coming economic chaos. However, no one can predict every eventuality, so please read the disclaimer and community guidelines before proceeding.

TFMR Podcast - Monday, September 16

Monday, September 16, 2019 - 4:56pm

FOMC Week

And it's a long way to Friday...

Monday, September 16, 2019 - 10:40am

By TF

TFMR Podcast - Saturday, September 14

Saturday, September 14, 2019 - 10:49am

TFMR Podcast - Thursday, September 12

Thu, Sep 12, 2019 - 8:06pm

117

Happy Glamper

Thu, Sep 12, 2019 - 11:11am

By TF

The Passing Storm

Wed, Sep 11, 2019 - 10:23am

By TF

TFMR Podcast - Tuesday, September 10

Tuesday, September 10, 2019 - 5:22pm

It has been an extremely difficult four days with precious metal prices driven lower by an extreme spike in interest rates. But that rate move may soon run its course and that should pave the way for a rebound in our precious precious.

First of all, what I fun day I've had with MrsF....

2010+9 OR 2016+3?

Only you can answer this critical question.

Tuesday, September 10, 2019 - 9:53am

By TF

The title of this post is the essential question that you must ask yourself. And, obviously, getting the answer correct is very important.

So here we are on Tuesday, September 10. Just one week ago today, things looked pretty good. Both digital metals were up 20% on the year, interest...

Checking in with Ken Lewis, CEO of APMEX and OneGold

Monday, September 9, 2019 - 2:00pm

In lieu of a regular podcast update today, please take time to listen to this insightful discussion with Ken Lewis, CEO of APMEX and OneGold.

Over the course of this call, Ken and I discuss a wide range of topics, including:

a reminder of the the benefits of using

Bond Market Monday

Just a sharp correction in a bull market?

Monday, September 9, 2019 - 10:42am

By TF

A new week begins and it's going to be a long one, full of economic datapoints and headlines ahead of next week's FOMC. But our focus will need to be on the bond market, where the selloff from last week has extended today and, as long as this continues, the Comex metals will remain under...

TFMR Podcast - Friday, September 6

Friday, September 6, 2019 - 4:59pm

Comex Digital Silver rallied nearly $3 in a month and then gave back half of those gains in just the last two days. But it is what it is and 2019 will remain the best year for the precious metals since 2010, regardless.

For today, your very frustrated host walks through a lengthy recap...

Up On The Week

A four-day week feels like ten.

Friday, September 6, 2019 - 10:30am

By TF

The are still a few hours to go...and Chief Goon Powell speaks a little later this morning...but as of now, both Comex gold and Comex silver are UP on the week, and that's really all that matters.

Wow, what a ridiculous 36 hours we just experienced. The triple whammy of yesterday......

TFMR Podcast - Thursday, September 5

Thursday, September 5, 2019 - 5:06pm

It was a nasty, gnarly day where a perfect storm of influences sent the HFT algos scrambling for the exits en masse. But that was today. What's more important is what comes next.

So, to that end, we have a lengthy general discussion of the day's events and then we wrap with a thorough...

No Fun Zone

Thursday, September 5, 2019 - 10:38am

By TF

For some reason, it sure is a lot more fun when the Comex metals are UP 2% on the day. But days like today are necessary and they happen from time to time. The important thing is to keep your wits about you and then make rational decisions.

And why the sudden rush for the exits? Well,...

TFMR Podcast - Wednesday, September 4

Wednesday, September 4, 2019 - 5:05pm

It was another solid day as the investment world continues to slowly awaken to the reality that physical gold and silver are your only protection against the madness of the central bankers.

Today we begin with these two summaries from ZH:...

Another Mid-Week Breather

Flat to up sure beats sharply lower.

Wednesday, September 4, 2019 - 10:06am

By TF

I thought I'd use the same title and the same image as last Wednesday as conditions are nearly identical. An early week surge, a mid-week breather and then all sorts of datapoint-related volatility as we head into Thursday and Friday.

And the price of CDG is about the same, too. Last...

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Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

Key Economic Events Week of 8/5

8/5 9:45 ET Markit services PMI
8/5 10:00 ET ISM services PMI
8/6 10:00 ET Job Openings
8/8 10:00 ET Wholesale Inventories
8/9 8:30 ET Producer Price Index

Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
7/30 10:00 ET Consumer Confidence
7/31 8:15 ET ADP employment
7/31 2:00 pm ET FOMC Fedlines
7/31 2:30 pm ET CGP presser
8/1 9:45 ET Markit Manu PMI
8/1 10:00 ET ISM Manu PMI
8/2 8:30 ET BLSBS
8/2 10:00 ET Factory Orders

Key Economic Events Week of 7/22

7/23 10:00 ET Existing home sales
7/23 10:00 ET Richmond Fed Manu Idx
7/24 9:45 ET flash Markit PMIs
7/25 8:00 ET Count Draghi/ECB policy meeting
7/25 8:30 ET Durable Goods
7/25 8:30 ET Wholesale Inventories
7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
7/16 8:30 ET Retail Sales and Import Price Index
7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts and Building Permits
7/18 8:30 ET Philly Fed
7/19 10:00 ET Consumer Sentiment