TF Metals Report Blogs

Both Comex Digital Metals have run into some sticky resistance over the past 24 hours. Can these levels be bested as we move toward the end of the week? Will today's FOMC minutes move things either way?

But first today we have to get through an appearances by Goons Bostic and Bullard....

In a few minutes, both Chief Goon Powell and Secretary SmokinHotWife will appear before the US Senate Banking Committee. There will be a lot of talk about debt monetization and QE over the next few hours so let's hope this morning's bounceback in the Comex metals can continue.

As we...

If you've learned anything about the Comex Digital Metals, then you know that it's not how you begin the week that matters. An early week beatdown has been the pattern all year thus far and here we are again.

And frankly, I'm sort of relieved that price has been smashed so hard today....

This post originally appeared in the free forums of TFMR ( https://www.tfmetalsreport.com/forum/9694/plotting-course-zeitgeist ) . Many thanks to longtime contributor, Argentus Maximus, for all his efforts to keep...

We been waiting...and waiting...and waiting for Comex Digital Silver to follow Comex gold, the GDX and the GDXJ in breaking its 50-day moving average and then soaring higher. It certainly appears that this is finally happening.

So let's begin the day with an update of the primary chart...

It has gotten late this morning as I've been busy recording this afternoon's Thursday Conversation podcast. And it's a good thing I waited as in the intervening time, prices have surged in breakout fashion.

Of course and however, this all comes with a caveat. These breakouts are nice...

Our old purple tie-wearing buddy made an appearance from his bunker today. He was quick to inform the world that we are all in dire straits, the The Fed stands ready to whatever whenever and that all of the Goons are unanimously opposed to negative interest rates.

And it's that last...

Though the Fed Goons are out in force today with endless distracting headlines, the key event of the day is the beginning of The Fed's program of outright purchase of shares in select corporate bond ETFs. This significant expansion of their QE∞ activities was first detailed back in March but...

It will be a busy week for economic data but an even busier week for the Fed Goons as the calendar includes nine speeches from eight Goons, including an appearance by Chief Goon Powell on Wednesday. In between we get the PPI, the CPI and Retail Sales, too.

With all of the Goon speeches...

Only in the insane world of HFT machine trading and QE∞ would you ever expect a rally in the "stock market" and a selloff in gold based upon the worst monthly US job losses ever reported. But that's exactly what we saw today.

And again, this is NOT a function of fundamentals. As you...