TF Metals Report Blogs

A Frustrating Morning

Wednesday, August 10, 2022 - 10:17am

After the CPI printed below expectations, bonds rallied and the POSX sharply sold off. This initially led to a surge in the Comex PMs but The Machines have prevailed since and prices have slid all the way back to unchanged on the day.

And that's pretty frustrating. As you know, I was...


Tuesday, August 9, 2022 - 10:54am

Prices are sort of idling today as the gains of yesterday are digested and preparations are made for a volatile Wednesday ahead of the latest CPI report.

Comex gold is higher as I type but Comex silver is down and taking the GDX along with it. This is not surprising, however, and we...

Inflation Week...Again

Monday, August 8, 2022 - 10:22am

Jeezo-weezo, the months go by fast, don't they? Here we are again, staring down the barrel of another CPI report on Wednesday. Didn't we just go through this a few days ago with the report for June? But time it goes so fast when you're having fun...

OK, so now that song is stuck in my...


Friday, August 5, 2022 - 10:20am

Once again, you've been reminded of why we call it the BLSBS. We spent yesterday's podcast explaining again the birth-death adjustment to the BLS methodology and warned that this statistical guesswork would likely provide a significant "head start" to the official BLSBS data today. And boy, did...

A Pre-BLSBS Bounce

Thursday, August 4, 2022 - 10:48am

It has been a busy day for the precious metals. Up all day on physical buying in Asia and London, immediately smashed backward on paper selling in NewYork, only to recover and move back toward the highs as I begin this post.

And again, this has been the prevailing trend as of late....

Goon Wednesday

Wednesday, August 3, 2022 - 10:25am

After yesterday's debacle of three Fed Goon speakers, today brings a total of FIVE more. Goodness, gracious. What a scam world we live in.

Before we begin, did you notice a slightly different layout for the homepage when you arrived today. I've worked with Ron on this for several weeks...

Taiwan Tuesday

Tuesday, August 2, 2022 - 8:30am

As I type this late Monday, it appears that Crazy Nancy will soon be touching down in Taiwan. How this will roil the global markets on Tuesday remains to be seen.

As mentioned in yesterday's podcast, I'm going to unavailable for most of the day as I will be at a golf qualifier with LT#...

Conn, Sonar. Crazy Nancy!

Monday, August 1, 2022 - 10:33am

Oh boy, here we go. A new week, a new month and a whole new geopolitical threat. The madness of 2022 continues with no relief in sight.

The title of this post, of course, comes from "The Hunt For Red October", which is one of my favorite movies of all time.

That film also...

Painting Some Green Candles

Friday, July 29, 2022 - 10:48am

If it seems as though it has been a long time since we've had some nice, green candles on the weekly chart, you're not wrong. It has been a long time! But today we hope to break that streak.

We discussed yesterday how the reaction to today's data would determine whether or not we could...

Tomato, Tomahto

Thursday, July 28, 2022 - 10:35am

The spin doctors, politicians and political economists are out in full force today, attempting to change the definition of recession into something more nuanced and backward-looking than what had been the accepted definition for decades. But, whatever. It hardly matters. Stagflation is here and...