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.

Playing Catch Up

A 3-day weekend leads to a 4-day week.

Tuesday, February 18, 2020 - 10:19am

By TF

Guest Post: "No One Gets Out Of Here Alive", by Jim Quinn

Monday, February 17, 2020 - 8:27pm

By Jim Quinn

TFMR Podcast - Saturday, February 15

Saturday, February 15, 2020 - 12:10pm

176

Another Three-Day Weekend

Fri, Feb 14, 2020 - 11:06am

By TF

TFMR Podcast - Thursday, February 13

Thu, Feb 13, 2020 - 6:04pm

The Relentless March Of The Machines

Thu, Feb 13, 2020 - 11:49am

By TF

TFMR Podcast - Wednesday, February 12

Wednesday, February 12, 2020 - 5:30pm

Another day where the mining shares are driven lower...not by the action in gold but by silver, instead. And it obviously matters little if a mining company has earnings growth or pays a dividend. If it's not a favored tech company, nobody cares...for now.

So today we begin with a...

Moron Not-QE

This really isn't complicated.

Wednesday, February 12, 2020 - 10:58am

By TF

This topic continues to come up in every interview this year so let's discuss it again this morning.

First of all, understand that The Fed is (in)directly monetizing the debt. Take, for example, air travel. If you are in San Diego and you wish to fly to Minot, you won't be able to find...

TFMR Podcast - Tuesday, February 11

Tuesday, February 11, 2020 - 5:28pm

Another day of sideways to downward price action as Chief Goon Poweel flaps his gums and prices get lowered. But we're here to remind you today of why higher prices are still expected later this month and into March.

For today, just this link. I discussed this material in yesterday's...

CGP on Capitol Hill

It's another purple tie day!

Tuesday, February 11, 2020 - 10:19am

By TF

So far, it appears that the semi-annual appearance of Chief Goon Powell on Capitol Hill may come off without any damage. But be mindful of this today as these events have often been used in the past as cover for a raid.

My goodness, how many times back in the day did we see the metals...

TFMR Podcast - Monday, February 10

Monday, February 10, 2020 - 5:03pm

Unlike previous weeks in 2020, today began the week with an UP day. However, we now need to get through tomorrow with Chief Goon Powell on Capitol Hill for his semi-annual Humphrey-Hawkins "testimony". Over the past ten years, we've seen countless similar occurrences be used as cover for a raid...

Back To Work

And it's going to be a long week.

Monday, February 10, 2020 - 10:59am

By TF

As the new work week begins for the precious metals, the larger question is whether or not the work week has begun in China, where it was expected that today would be "back-to-work day" for the virus zone.

So was it? As with everything else over there, it's hard to tell. Via Twitter, I...

TFMR Podcast - Friday, February 7

Friday, February 7, 2020 - 5:33pm

163

The week ends with Comex gold back above $1570 on fears of a pandemic-related global economic slowdown. And for good reason. I mean...would YOU want to board a cruise ship anytime soon?

So we'll follow the news and headlines all weekend and then wait to see how things...

Worse By The Day

Friday, February 7, 2020 - 10:39am

By TF

Not too long ago, this was the only type of Corona that ever entered my mind. Oh the simple days of 2019. Where have ye gone?

Oh crap. The news just gets worse by the day. But look, I'm not particularly concerned for myself or my family...though I'm building a stockpile of N95 masks...

TFMR Podcast - Thursday, February 6

Thursday, February 6, 2020 - 5:09pm

Your hoarse host coughs his way through another podcast today as we look ahead to tomorrow's BLSBS and hopefully finish off the week much better than where we began.

For today, a general discussion of the day's events and then we mention these three links:

Biding Time

But keep in mind that tomorrow is BLSBS Day.

Thursday, February 6, 2020 - 10:53am

By TF

The Comex Digital Metals are bouncing today after once again holding support following an early week beatdown. Sound familiar? It should. Nearly every week in 2020 has played out in much the same fashion.

And why the bounce? Price is responding to the resurgence of the two primary...

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book