TF Metals Report Blogs

Hit The Snooze Button

Wednesday, February 21, 2024 - 10:27am

It's a pretty quiet day in the middle of a pretty quiet week. As we discussed yesterday, there's very little in the way of scheduled news that might move markets. Today brings the minutes of the January FOMC meeting and those might wiggle things a bit, however, even that won't be until this...

The Best Part Of The Weekend

Tuesday, February 20, 2024 - 10:02am

Three day weekends are always nice. They allow you to catch up on things. Maybe spend some time outdoors. In my case, I was able to get caught up with The Jackass. But do you know what the best part of the three-day weekend is? The fact that it's already Tuesday!

So here we are. A new...

Another Holiday Weekend Looms

Friday, February 16, 2024 - 11:01am

Our hopes of finishing the week on an uptick were slowed today by a higher-than-expected PPI. As such, both inflation reports came in hotter this week and that's likely going to lead to a red candle for Comex gold. Comex silver, on the other hand...

So, anyway, at least it's Friday and...

Missed Again

Thursday, February 15, 2024 - 10:35am

All last week I sat here and discussed the CoT and CDS and how another squeeze was coming. Would out begin before the Mar24 expirations or after? Would a mini-squeeze be allowed due to the current and pending open interest in the Mar24 options. We discussed all of this and yet I still managed...

An Ashen Valentine

Wednesday, February 14, 2024 - 10:04am

Happy Valentine's Day, everyone, and happy Ash Wednesday, too. There's symbolism in each and both seem to fit our current state.

How? Valentine's Day is about love or at least a strong feeling of excitement. Do you feel either for your precious precious or your mining shares today?...

TFMR "Podcast" - Tuesday, February 13

Tuesday, February 13, 2024 - 5:19pm

As you know, I'm finally on my way back to Turdfork today and it appears that I have sufficient airplane wifi to give this a go.

The way this day went, I was mentally prepared to hear about how the internet was down on my flight. However, it's actually working quite well...much better...

Waiting Even Longer For Jerome

Tuesday, February 13, 2024 - 10:42am

Our 2024 macrocast was titled "Waiting For Jerome" because at the time it was written, I felt quite certain that "the market" was far too optimistic in terms of rate cut projections for this year. My concern was that we'd end up playing a waiting game again as we hang on every datapoint for...

A Busy Week Ahead

Monday, February 12, 2024 - 10:54am

A busy week ahead begins with a busy day on the personal side for yours truly. I don't have a lot of time this morning but here's a new thread to start your day.

Let's start with the calendar. After a shortage of news and market-moving data last week, the new week brings all sorts of...

Dud Friday

Friday, February 9, 2024 - 10:43am

The end of a dud week comes with a dud datapoint, which translates into another dud of a day.

So welcome to Friday and that it's Friday seems to be about the only thing we have going for us today. There has been no shortage of news over the past 24 hours but none of it has any direct...


Thursday, February 8, 2024 - 11:15am

Not sure why but that word came to mind as I began this post. And it fits. Today's just a least so far. No real news and no real price movement, either.

I suppose we should take the respite from the headline-induced volatility and be happy with it. Late last week......