TF Metals Report Blogs

Monkey Jam

But real rates continue to fall.

Tuesday, July 7, 2020 - 9:41am

Tuesday begins with prices walked back in London and then shoved lower at precisely 8:30 ET. But the day ahead is going to be a long one and this week is all about the Friday close, regardless.

So we'll see where we go from here. The action was fine most of last evening but once The...

New Week, Same "Markets"

Monday, July 6, 2020 - 10:43am

After a three-day weekend, it's always challenging to get your head screwed back on. So we'll ease into it today as we look ahead to what should be a relatively quiet week of news and datapoints.

Should be ...THAT is the key phrase. There are a lot of things in 2020...

Just Your Typical BLSBS

Thursday, July 2, 2020 - 10:48am

Once again, the MSM and their pundits go crazy over one single datapoint while failing to put it into context. As you might imagine, we might be able to add a little context here at TFMR.

If you want to read all about it from a "mainstream" perspective, knock yourself out:


The Elevator Back Down

Yesterday never happened.

Wednesday, July 1, 2020 - 11:07am

In another head-shakingly frustrating move, the Comex digital metals have been smashed backward today, making it appear as if yesterday never happened. But it did happen. And we are still on track for what will be a very interesting month of July.

So we were sailing along just fine...

Month and Quarter End

And Comex delivery demand surges again!

Tuesday, June 30, 2020 - 10:51am

We've got a number of events we need to navigate our way through today. From month end LBMA pricing to CGP on Capitol Hill and all sorts of stuff in between. The good news? So far we're doing OK.

So what has taken place thus far today. First, there have been two key US economic...

Holiday Week

Short but busy and volatile.

Monday, June 29, 2020 - 10:31am

It will be a holiday-shortened, four-day week here in the US but that does not mean that the week will be starved for action and market moving events. So come on in and let's get the ball rolling.

There will be a number of datapoints this week and you can see the primary news events on...

A Clear Case

Bombs away from The Banks!

Friday, June 26, 2020 - 10:52am

It's not every day that you see obvious Bank efforts to paint the tape and elicit a response. But it's clear that the past few days have been exactly that.

As we've been telling you for YEARS now, the primary driver of global gold prices is real interest rates. When real (inflation-...

Battling Option Expiry

Just a few hours to go.

Thursday, June 25, 2020 - 10:38am

Finally this day is here...which means we can soon put it behind us. This, of course, does not mean that selling pressure will suddenly abate tomorrow. However, as we get into next week and the month of July, chances are high that prices will move higher for both metals and the shares....


Wednesday, June 24, 2020 - 9:31am

I've only got a few minutes to get this thread started today as I'm leaving for the airport soon and will be venturing back to Turdfork all morning. I'll be sure to add extra charts and headlines from the airplane but, for now, the smash in CDS merits the start of a new thread.

If you'...

Trending Higher

The short term situation gets more interesting.

Tuesday, June 23, 2020 - 10:09am

Even after an early evening pullback, and even after a rise in bond yields today, Comex precious metal prices are higher today. The "gold" going into the ETFs is surging as well as Comex open interest. Thus, are on the verge of a breakout?

For that answer, we'll have to wait and see....