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.

More Like It

Tuesday, December 1, 2020 - 10:36am

By TF

TFMR Podcast - Monday, November 30

Monday, November 30, 2020 - 4:54pm

Putting November Behind Us

Monday, November 30, 2020 - 10:26am

By TF

TFMR Podcast - Friday, November 27

Fri, Nov 27, 2020 - 1:08pm

210

Desperate Times

Fri, Nov 27, 2020 - 9:45am

By TF

Gobble Up Some Jackass

Wed, Nov 25, 2020 - 6:32pm

With TF

100

TFMR Podcast - Thursday, November 19

Thursday, November 19, 2020 - 4:31pm

The day turned out about as well as we could have hoped as prices bounced from their lows. So now we wait to see what tomorrow brings as the week draws to a close and we paint the weekly charts.

For today, we primarily focus upon two things:

Why our "Manipulation

Another Challenging Day

Thursday, November 19, 2020 - 10:34am

By TF

It is another challenging day in a recent string of many. And we also got our latest bit of vaccine news today, too. So we will weather this day and see where we close before making any assumptions of where price may head from here.

As you know, we've been watching the area between $...

TFMR Podcast - Wednesday, November 18

Wednesday, November 18, 2020 - 5:41pm

It was another one of those days and your host has just about seen enough. So let's wrap up this day and then move on to tomorrow in the hope that things won't get much worse or more frustrating.

This has been such a challenging day on so many levels that I don't have a lot of extra...

One Day Closer

Wednesday, November 18, 2020 - 10:44am

By TF

We are one day closer to the Dec20 expirations. Unfortunately, there's not much else positive to say on an otherwise beautiful Wednesday morning.

Let's start with the latest vaccine news. It appears that the Pfizer vaccine...announced nine days ago and celebrated with a $110 drop in...

TFMR Podcast - Tuesday, November 17

Tuesday, November 17, 2020 - 5:52pm

Ahead of the Dec20 expirations, The Banks have Comex gold and silver under such severe lockdown that even Doctor Friggin Fauci approves!

What else is there to say? We've seen this repeatedly over the years...even when prices were in a down cycle and no one was standing for delivery on...

Flat Tuesday

Tuesday, November 17, 2020 - 10:58am

By TF

Even though the bond market is rallying and the POSX is plunging, the price of Comex gold has flatlined since late yesterday. Why? You'll read all sorts of explanations from all sorts of sources but the most likely answer was discussed here last week.

And we're talking about the...

TFMR Podcast - Monday, November 16

Monday, November 16, 2020 - 5:56pm

Well, we survived another "Vaccine Monday" as we actually managed to eek out small gains...which obviously stands in stark contrast to the blasting we took a week ago.

While any vaccine news is welcome, perhaps the reason the Comex metals held firm today is the stark realization that...

The Latest from Paul Mylchreest

Be sure to look this over when you have a few minutes.

Monday, November 16, 2020 - 11:30am

By TF

If you've been around here for a while, then you'll recall Paul Mylchreest as an old friend of TFMR. Paul is an excellent analyst and on a regular basis he puts out new research pieces on the global economy and the precious metals. Earlier today, he sent me a copy of his latest presentation and...

Another Monday, Another Vaccine

Monday, November 16, 2020 - 10:54am

By TF

After the debacle of last Monday and the Pfizer vaccine, the digital metals were hot again today with positive vaccine news out of Moderna. Maybe next Monday we'll get AstraZeneca and complete the vaccine hammering trifecta?

Look, again, this is good news. We all want a return to some...

TFMR Podcast - Friday, November 13

Friday, November 13, 2020 - 5:58pm

236

The week ended far better than how it began and it sets up a very interesting week next as most of the charts have reached a rather critical juncture.

We begin today with a full recap and review and then ask you to take some time this weekend to listen to the Sprott Money weekly wrap-...

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

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders