TF Metals Report Blogs

Monkey See, Monkey Do

Monday, May 23, 2022 - 10:44am

The week begins with the usual Comex shenanigans but the bigger concern is with how it will end. There's a lot of economic data between now and then and an even longer list of potential unknowns, particularly with this Monkeypox stuff.

So welcome to Monday. I hope you had a nice...

No New News Here

Friday, May 20, 2022 - 10:32am

This seems strange. Every Friday has market-moving news whether it's a BLSBS or some sort of other economic datapoint. But today, there's nothing and, left to its own devices, CDG and CDS are going slowly melting away and taking with them any chance of a weekly close above $1840 or $22....

And Now For Something Completely Different

Thursday, May 19, 2022 - 10:40am

What's this? Bonds are up and the POSX is down?? When's the last time that happened??? And the TIP is up, too???? And the GDX is up over a full point????? Goodness me, how can that be?

OK, so maybe things haven't changed THAT much. After all, the 200-day moving...

Currency Convulsions

Wednesday, May 18, 2022 - 11:08am

It's just another day in the barrel for Comex precious metals so let's a couple of other items that have crossed my screen this morning.

First of all, welcome to all its glory. The POSX is up while bonds catch a safe haven bid as the S&P is down 70 points. Yeehaw....

To Recess or Not To Recess

Tuesday, May 17, 2022 - 10:24am

That is the question. For yours truly, the end result has always been stagflation and the US (and world) is definitely headed in that direction. But today's economic data seemed to forestall the recession talk for now and that has helped to drive the Comex metals backward...again.


Tell Me Why

Monday, May 16, 2022 - 10:52am

I don't like Mondays. I want to shoot the whole day down.

Let's hope that this week will be different from last week...or the week before that...or the week before that. It didn't start out particularly well. Did you catch this little beauty overnight? Nothing to see here, of course....

Aw, Screw It

Friday, May 13, 2022 - 10:46am

Don't you feel that way, too? I mean, come on. The Comex precious metals have done nothing but go straight freaking down for weeks and, at some point, you feel like none of it even matters anymore. Which is precisely why we are now likely at an intermediate low.

In fact, I wouldn't be...

Powell's Black Hole

Thursday, May 12, 2022 - 10:49am

Unwittingly or not, The Fed has created a black hole of rising nominal rates and a rising POSX and this beast is now consuming nearly all "markets".

I'm a little late getting started because I spent some time this morning watching a press conference where some astronomers and...

All Eyes on CPI

Wednesday, May 11, 2022 - 10:26am

The investment world eagerly awaited today's latest US inflation update and it did not disappoint as price inflation continues to rage, destroying savings and incomes in its wake.

But I'm sure a few fed funds rate hikes will fix this... <eye roll>

Your latest CPI came in...

Goon Avalanche

Tuesday, May 10, 2022 - 10:42am

As mentioned yesterday, today brings five...count em, FIVE!!...publicity-seeking Fed Goons to the microphone. We've already gotten a few laughs from the first two and can only imagine the comedic stylings that the remaining four will bring.

Let's start with the list, however, Goon...