TF Metals Report Blogs

Another FOMC Week

Monday, July 26, 2021 - 9:53am

Oh my goodness. Another FOMC week? How could that be? Wasn't there just an FOMC meeting a few weeks ago?

But, yes, there is. It'll be the standard schedule, too, with Fedlines at 2:00 pm ET on Wednesday and then a "press conference" with Chief Goon Powell at 2:30. So what will be said...

At Least It's Friday

Friday, July 23, 2021 - 10:37am

That's about the only good thing I can say about today as summer doldrums and pending option expirations have seemingly sucked the life out of the Comex digital metal markets.

It doesn't necessarily have to continue this way all the way through next week. Yes, Comex option expiration...

Down But Not Out

Thursday, July 22, 2021 - 11:32am

The hoped-for rally today has not yet materialized but at least prices have bounced after being jabbed lower again overnight. The day is still young, however, so let's see how we finish before we move on to tomorrow's weekly close.

My apologies for the delay in today's post. MrsF had a...

A More Calm Day

Wednesday, July 21, 2021 - 10:25am

As discussed in yesterday's podcast, there is really no news today to move the markets. There are no economic datapoints and we're into the usual 10-day "quiet period" the precedes an FOMC meeting.

So this is a very quiet day. Unless something unexpected happens, we'll likely see lower...

What Comes Next?

Tuesday, July 20, 2021 - 10:10am

Well, this should be an interesting day. Over the past few months, the "stock market" has flirted with a sharp decline, only to recover and head higher by the next day. So what happens today will be telling.

So far, many of the other "possible liquidity event" signals remain today. The...

Today's Podcast

Monday, July 19, 2021 - 9:19pm

If you've been around here long enough, then you'll likely recall the bad old days when any opportunity that I took to get away...even intraday...was often met with a smash in the Comex metals. And now here we are again.

Let's just hope that we're not headed back into the "bad old days...

The Power of The Fed

Monday, July 19, 2021 - 7:35am

As discussed back on Friday, I'm out all day today. So just this quick update and homework assignment.

As the week begins, the selling from Friday is continuing and it's not just in the Comex digital metals. Almost the entire commodity board is red and the DJIA futures are down nearly...


Friday, July 16, 2021 - 10:41am

You know how sometimes, if you sit around all day doing nothing, you're completely exhausted by evening. Even more so than if you'd been out vigorously working or exercising all day. Well, that's how I feel today. While the past two weeks have seen a nice bounce in CDG, CDS has absolutely worn...

Thievish Thursday

Thursday, July 15, 2021 - 10:48am

I'm getting a bit of a late start this morning as I've been searching for something to write about. As it turns out, the search was in vain as there's nothing PM-noteworthy...yet.

Oh, of course, we got another smash-and-grab during the London session that drove the price of CDG down...


Wednesday, July 14, 2021 - 10:27am

We got a nice one-two boost this morning from the surging Producer Price Index and the prepared remarks of Chief Goon Powell before his appearance today before a joint US congressional committee. It's a nice bounce but it has already begun to run into the resistance levels that we've been...