TF Metals Report Blogs

Time For One Step Back?

However, keep in mind that it's only Monday.

Monday, August 19, 2019 - 10:51am

As we repeatedly state, precious metals bull markets are typically defined by two-steps-forward-and-one-step-back....and it may be time for one step back. However, as we also repeatedly state, it's not how you begin the week that matters, it's how you end it...and today is only Monday....

Another Risk-Free Friday

A crazy and volatile week draws to a close.

Friday, August 16, 2019 - 8:28am

On Twitter this morning, I saw where Sven Henrich labeled today as another "risk free Friday", and he's correct. How many times this summer have we seen the "markets" suddenly stabilize and rally into the Friday close? It's magic!

Here's Sven's tweet from a couple hours ago:...

Beware The Ides Of August

Tricky Dick's inglorious legacy endures.

Thursday, August 15, 2019 - 10:39am

August 15 is always an auspicious anniversary as it was 48 years ago today that US President Nixon removed any sound money backing of the US dollar by "temporarily" suspending the convertibility of dollars into gold.

So let's start the day with Tricky Dick, himself. Here's the old...

A Silver Roundtable Discussion

Bill Murphy, Rick Rule, David Morgan and some dope with a MacBook.

Wednesday, August 14, 2019 - 3:31pm

Earlier today, it was my distinct pleasure to join Bill Murphy, Rick Rule and David Morgan for a live roundtable and Q&A forum on Philip Kennedy's website. The discussion focused upon the precious metals with a particular emphasis on silver. If you can find the time, you should be sure to...

Batchelor and Cohen Return

The latest on The New Cold War.

Wednesday, August 14, 2019 - 3:30pm

Our friends John and Steve returned last evening for another discussion on the perils of The New Cold War.

The big story last week was the failed Russian cruise missile test that seemed to cause a small-scale nuclear/radiation disaster. Why would the Russians be developing these new...

The Curve Of History

Inversions abound and recession looms.

Wednesday, August 14, 2019 - 9:55am

Let's see. How many times have we written about the yield curve since 2015? Twenty?? Thirty??? Well, it sure is interesting to watch the entire world catch on...seemingly all at the same time!

Here's what might have been post #1 on this subject from January 28, 2015:...

A Banker Victory

Trade headlines spark a mass rush for the exits.

Tuesday, August 13, 2019 - 10:10am

In yesterday's podcast, we discussed the idea that global turmoil would lead to a continued surge in bond prices which, in turn, would drive another breakout in CDG and CDS. Up until about 6:00 am EDT, it looked like we were well on our way.

Unfortunately, the global bond market then...

A Clear and Obvious Cap at $1520

At least The Banks have given us a clear level to watch!

Monday, August 12, 2019 - 10:35am

For months, we've discussed the price target area of $1480-1520. And now, here we are...a few weeks ahead of schedule, actually. Regardless, the price action over the past few days makes it clear that The Banks understand the importance of this level, too.

Again and as a reminder, the...

Closing The Week

Fake gold is dumped in a clear attempt to manage the weekly close.

Friday, August 9, 2019 - 10:57am

We'll try to keep in brief this morning as it's getting late and, really, not much matters other than where prices finish up the day.

And The Banks clearly know this. They came after BOTH gold and silver HARD as soon as London opened for business at 1:00 am CDT...or 7:00 am London....

Waiting For Friday

The week is far from over.

Thursday, August 8, 2019 - 10:49am

As expected, prices are back down today after the PBOC pegged the yuan mostly unchanged and just a hair above 7 last evening. But as we discussed in yesterday's podcast, let's see what this evening brings and then get ready for an important weekly close tomorrow.

Again, after pegging...