TF Metals Report Blogs

The Quiet Period

Monday, June 5, 2023 - 9:40am

After the latest BLSBS Friday debacle, the new week begins with a short list of pending economic headlines, with the primary news coming today with the latest service sector PMIs. What will the rest of the week bring? If we knew that, we could take the week off.

But we don't know what...

BLSBS Friday Discussion Thread

Friday, June 2, 2023 - 8:30am

If you listened to Thursday's podcast, then you know that I'm out all morning at a charity golf event. The world keeps spinning, however, and today is not just a regular's a BLSBS Friday so there's no shortage of stuff to discuss.

I'll be back this afternoon and we'll still...

Day By Day

Thursday, June 1, 2023 - 10:47am

The Comex PMs are up a little again today and that's really all we can ask for as a bottom/low is trying to be painted for both metals. Of course all of this can be negated in the aftermath of the BLSBS tomorrow but, for today, at least we're enjoying some more green screens.



Wednesday, May 31, 2023 - 10:24am

The data today needed a new thread.

First of all, I was wrong about the ADP report. It's not due until tomorrow at 8:15 ET. What did come out today, however, was the Chicago Purchasing Managers Report (PMI). It was dreadful and, when combined with some comments from Goon Kash-n-kari,...

The Debt Schlemieling

Tuesday, May 30, 2023 - 9:24am

In a totally shocking development, another deal to extend the imaginary "debt ceiling" was reached over the holiday weekend. That this political theater and mockery continues to be taken seriously demonstrates the frivolous nature of Washington and the utter lack of commitment in dealing with...

The Next Rate Hike

Friday, May 26, 2023 - 10:34am

Just three weeks ago, it appeared that The Fed's rate hike cycle was complete and the odds of another hike in June were at 0%. Today, those odds are greater than 50% and the impact has been frustrating for all of us in the precious metals and mining shares.

The actual odds are now 57...


Thursday, May 25, 2023 - 9:57am

We're getting closer to the low price projections that we've been discussing. Now the question becomes...what if lows are not found at the levels we're watching? That, of course, is a concern.

Today's smash comes via the double-barrel news of an updated Q1 GDP guess and a preliminary...

Mid-Week Monday

Wednesday, May 24, 2023 - 10:20am

With my travel schedule this week, I can't shake the feeling that this is Monday, not Wednesday. But I suppose that the calendar is correct so we'd better dive right in and get ready for a busy remainder of the week.

Today will no doubt bring more BS about "debt ceilings" and other...

Your Tuesday "Podcast"

Tuesday, May 23, 2023 - 4:48pm

As you know, I'm traveling back to Turdfork this afternoon. I'm currently working off of the wifi hotspot of my iphone so I'm not sure how long I'll be able to make this post but let's give it a try.

When we left off this morning, the Comex PMs were trying to reverse and bounce from...

POSX Up Again, CDS Down Again

Tuesday, May 23, 2023 - 9:55am

As the POSX soars again today, apparently on its way to that 104.50 level, Comex silver is getting pounded again. It's now under its 100-day MA and looking to test the levels we discussed again in yesterday's podcast.

Let's start with that POSX. Why is it up today? Well, rates are...