TF Metals Report Blogs

With the BLSBS behind us, it's time to start a new week and look ahead to the remainder of the month. There are just three weeks remaining in 2019 and things are still progressing toward the targets we laid out back in January.

My hope is that you had a relaxing and pleasant weekend....

It has been such a busy week that I completely forgot to post the audio of the latest Batchelor-Cohen Cold War update.

In correcting my oversight and posting this today, my hope is that you'll take some time to listen over the weekend...as I plan to do.

TF

You've heard the theories of "peak crude oil" and even "peak gold". My friend Chris Martenson runs a website called "Peak Prosperity". And today we may finally reached "Peak Bullshit" with the release of a US jobs report that was jaw-droppingly outrageous.

Unfortunately, "peak bullshit...

It has been a long week of economic datapoints and most of them have been dismal to lousy. But tomorrow brings the monthly BLSBS which, of course, brings with it the possibility of increasing our gains or completely wiping them out.

Recall that Wednesday's ADP jobs report showed the...

The Banks are continuing their fight against price and momentum as yesterday saw another massive increase in total contract issuance. And now today, any sort of gold-positive news is being aggressively sold.

But it is what it is and it's not as if it has never been this way. What's...

As you may have noticed, we did not have our annual Thanksgiving visit from The Golden Jackass. One of the reasons why is this recording today.

Jim has joined his own podcast network and I encourage you to check it out. And it was for this network that Jim and I recorded this...

We've certainly had to deal with our share of "trade war taketh away" lately. So, when Trump suddenly began to squawk overnight about the likelihood of no deal with China, we got ourselves a bit of a rally.

So now the only question is...how far can we rally before Kudlow or some such...

Could this be another one of those weeks where prices fall early in the week, only to completely reverse by late in the week and finish with a green candle? Let's hope so because we've certainly got the down early part going today.

And why are we down today? About all I can find is the...

We've finally reached the point where the Dec19 contracts go off the board and the process of liquidating and rolling will come to an end. So let's get through today, enjoy a US holiday tomorrow, deal with the annual BS of "Black Friday" and then get back to business on Monday.

First...

As it does every year, the total amount of Comex gold (and silver) open interest is now rapidly contracting into the Dec19 "expirations", eventually setting the stage for Spec interest to return with a mid/late December price rally.

Please take another look at this chart from yesterday...