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 - Tuesday, January 19

Tuesday, January 19, 2021 - 5:41pm

Feels Like A Monday

Tuesday, January 19, 2021 - 10:31am

By TF

In lieu of a podcast...

Monday, January 18, 2021 - 3:47pm

By TF

U.S. Debt Hat Contest

Mon, Jan 18, 2021 - 8:21am

By TF

TFMR Podcast - Friday, January 15

Fri, Jan 15, 2021 - 5:22pm

197

Three Days Off

Fri, Jan 15, 2021 - 10:23am

By TF

Thursday Conversation - Brent Cook and Joe Mazumdar of Exploration Insights

Thursday, January 14, 2021 - 2:00pm

With TF

We've known Brent Cook for quite a few years now. His work at Exploration Insights has always been extraordinarily valuable and he's been consistently willing to share his knowledge and experience with us here at TFMR.

But it's time for Brent to move toward retirement and Joe Mazumdar...

CGP Today

Thursday, January 14, 2021 - 11:12am

By TF

Not sure if we'll get much of anything new from Chief Goon Powell later today but we'll certainly be on the lookout for anything that might help or hurt our PMs when he speaks at a virtual event hosted by Princeton University.

Preceding him will be the alleged heir apparent, Goon...

TFMR Podcast - Wednesday, January 13

Wednesday, January 13, 2021 - 5:55pm

It has been an endless parade of Fed Goons since the year began. One day a Goon says that rates are about to rise, only to be followed the next day by a Goon who disagrees. Well we may get some clarification tomorrow as Chief Goon Powell makes an appearance.

And this is the primary...

Watching $1860 CDG

Wednesday, January 13, 2021 - 10:59am

By TF

You may recall the Q4 consolidation in Comex Digital Gold and how the $1860 level repeatedly offered important support...until the deliberate, wedge-crushing smash of November 23. Well, here we are, coming up from the other side and whaddayaknow? It certainly appears the $1860 is now providing...

2021 Preview with Greg Hunter

Wednesday, January 13, 2021 - 9:57am

By TF

It's always fun to be on USA Watchdog with Greg Hunter and this appearance recorded yesterday was no different as Greg and I took stock of where we've been and looked forward to where we're going.

Much of this discussion centered around our...

TFMR Podcast - Tuesday, January 12

Tuesday, January 12, 2021 - 5:22pm

Tuesday finished well after an unexpectedly strong 10-year treasury auction prompted a turnaround in the bond market and a dump in the POSX. So what will tomorrow bring? The latest CPI data due at 8:30 ET will likely have a big impact.

So we discuss that potential impact today as well...

Another Day For Stacking

Tuesday, January 12, 2021 - 10:50am

By TF

The good news is that we've so far avoided another steep drop in both Comex digital metals today. The bad news is that CDG has been pummeled ever since the Comex open and remains the only item in the red on the entire board.

Why type about it when I can simply show you? The POSX is...

TFMR Podcast - Monday, January 11

Monday, January 11, 2021 - 5:52pm

Day one of the new week is in the books and now we wait to see what tomorrow brings. Actually, we may even need to wait and see what tonight brings.

To that end, please see this very odd story from ZH and combine it with the Twitter screenshot below. It sure is a weird time to be alive...

It's A New Week

Monday, January 11, 2021 - 10:35am

By TF

A new week begins...which is good because last week sure stunk. And it's going to be a busy week, too. And then next week...oh my gosh! So buckle in. The road ahead will be volatile and unpredictable.

I don't even know where to start. I guess we'll begin with some of the stuff...

TFMR Podcast - Saturday, January 9

Saturday, January 9, 2021 - 11:18am

218

In our 2021 macrocast, we promised you a volatile year ahead and warned that the bull market in precious metals was going to try often to buck you off and send you reeling. Yesterday was a perfect example.

But we're here today to explain what happened and why that type of washout...

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment