What a terrible month November ended up being. After looking great on November 6, the Pfizer news of November 9 was used as cover to completely reverse the break out and now we're down $200 in Comex gold and $4 in Comex silver in the three weeks since. I've seen reports today that this will...
It's the day after U.S. Thanksgiving. It's a Friday with holiday-shortened trading hours. Generally light volume as traders take a 4-day weekend and most folks are out shopping or watching football. The dollar index is down a few pennies and still under 92. The bond market is rallying a little...
Every year at this time, I begin to see television commercials for the car company Lexus. Their annual sale is called "The December To Remember" and the commercials run through the entire football bowl season. Will we have our own "December To Remember" in regards to Comex delivery stress?...
It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin...at least that's what The Banks hope you do...
It's Thanksgiving Week in the U.S. and the week begins with a real turkey of a day as the latest "flash" PMI numbers for November are used as cover to "flush" the Comex metals. It's a good thing this week is my favorite for excessive wine drinking as it looks like I'm going to need it....
When the LTs were little, we would scream this in the car on the way to school. Friday is always the best day of the work week and it was just our way of getting excited for the weekend. And after how this week has gone, we should all be excited that it's nearly over.
It is another challenging day in a recent string of many. And we also got our latest bit of vaccine news today, too. So we will weather this day and see where we close before making any assumptions of where price may head from here.
As you know, we've been watching the area between $...
Even though the bond market is rallying and the POSX is plunging, the price of Comex gold has flatlined since late yesterday. Why? You'll read all sorts of explanations from all sorts of sources but the most likely answer was discussed here last week.
If you've been around here for a while, then you'll recall Paul Mylchreest as an old friend of TFMR. Paul is an excellent analyst and on a regular basis he puts out new research pieces on the global economy and the precious metals. Earlier today, he sent me a copy of his latest presentation and...
