TF Metals Report Blogs

Hump-Hawk Week

Monday, July 8, 2024 - 10:24am

We are back at Turdfork and back at work this morning, anticipating a busy week ahead as the Comex PMs attempt to consolidate the gains of late last week and then move forward toward the top of their current price ranges.

And it's going to be a busy week, as you can see below. The...

Straight Up BS

Friday, July 5, 2024 - 9:31am

Since the inception of this site back in 2010, we've referred to the monthly jobs report as the "BLSBS". Why? It's generated by the Bureau of Labor Statistics (BLS) and its nothing but statistical guesswork, which generally makes it bullshit (BS). In the fully-politicized election cycle of 2024...

Pre-Holiday Wednesday

Wednesday, July 3, 2024 - 10:07am

It's an interesting day in the Comex PMs as we have a decent rally going on as I type and the Comex will be closed tomorrow. Could we enter the holiday with decent momentum and see two positive sessions out of Shanghai before Comex trades again on Friday?

First things first...The...

Jerry On Deck

Tuesday, July 2, 2024 - 9:31am

Not much meaningful economic news today so the big event will be a joint appearance of Chief Goon Powell and Countess of The Dark Lagarde at an ECB forum in Portugal.

The most meaningful news of yesterday was the lowest print yet of the GDPnow forecast from our little buddy in Atlanta...

More From Michael Oliver

Monday, July 1, 2024 - 2:00pm

You may recall that we had Michael Oliver in for a Thursday Conversation two weeks ago. Late last week, I recorded a follow up video with Michael for Sprott Money. Since this week marks my annual "Summer Sabbatical", I thought that this conversation would make a good substitute for a podcast...

July Begins

Monday, July 1, 2024 - 8:49am

It's a new month, a new quarter and the second half of 2024....and if you think the first half of the year was wild, you ain't seen nothing yet.

More on the six months to come in the days ahead. For today, though, just recognize that the pressure, madness and volatility will be turned...

Guest Post: "Our Trip To Fortitude Gold" by SoCal Steve, Renozep, and AGXIIK

Friday, June 28, 2024 - 8:00am

Reno Turdites AGXIIK, Renozep and SoCal Steve went on a field trip recently out to the middle of the Nevada desert to see the Isabella Pearl Gold Mine. Fortitude Gold's VP of Corporate Development, Greg Patterson, arranged and accompanied us for the trip. We can confidently say it was quite a...

A Good Day For A Bounce

Thursday, June 27, 2024 - 9:38am

Comex PM prices are mostly higher this morning and that's a good thing, too. After the past two days, a further decline today would have made it easier to paint the tape and charts tomorrow as we wrap up the month and the quarter.

Of course, this day is far from over and Comex trading...

Another Yentervention Pending?

Wednesday, June 26, 2024 - 9:50am

It's a quiet day in terms of scheduled news but not so quiet below the surface. One of the things we need to watch again is the USDJPY, which is back above 160 and the level at which the Bank of Japan staged that massive intervention two months ago.

Why does this matter? Well, there...

Comex Option Expiration Day

Tuesday, June 25, 2024 - 9:25am

Well, here we are again. It's option expiration day on the Comex again. Luckily, this time around, we don't have a high level of open interest or an obvious sweet spot to contend with. So let's just put this day behind us and begin to focus upon the remainder of the week.

That's not to...