Here's a new thread...

58
Mon, Mar 16, 2020 - 9:22am

Just a place to hold us over until I can get something written.

I've added a bunch of new comments to the old thread from about comment #250 through the end. Please check there for current thoughts.

For now, though, here's just a new thread for updated TFMR comments. The NYSE is about to open and I want/need to watch the action and listen to the commentary.

Will have a full update and regular Monday morning post by the usual 11:00 EDT.

TF

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KMAC
Mar 16, 2020 - 11:07am

PM bottom,may bee?

Next leg down in Markets will tell the tale. Looks like liquidation is still in play. We are in the 1st inning so lots of time for PM's to leap higher. I would expect the PPT boys to get run over at some point. They are not bigger than the Market. All that funny money the made up last couple of days is also in play sometime today.

HistoryStudent
Mar 16, 2020 - 10:59am

I have always wondered why all the PM dealers

Never got together as a group

And started their own SEPARATE TRADING system ignoring the paper one...

Especially since Clinton, Summers, & Rubin...

procog
Mar 16, 2020 - 10:53am

@ Dr. P. Metals

Thank you for the Psalm 1 reference.

Put my big bible on dining room table for easy access. Print is extra large, for weak eyes, and ears.

Time to meditate.

anarchitectsexysilverdog
Mar 16, 2020 - 10:51am

GDXJ and SIL

My guess is that they decoupled from their net asset value on Friday because of the vicious selling. Although an ETF is supposed to track its NAV, it can get out of whack during times of high volatility. If it was sold down to where it was worth quite a bit less than its holdings, it can be up today even though the mining shares are down.

Stevediva
Mar 16, 2020 - 10:47am

why are miners rallying?!?! - leading gold higher?

why are miners rallying?!?! - leading gold higher?

bently
Mar 16, 2020 - 10:47am

Miners rallying

Good to see.

Is there a way they can sell directly to physical buyers and bypass Comex price? Recall one producer selling directly to Chinese buyers at one point

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

CC Horses
Mar 16, 2020 - 10:40am

IMPORTANT UPDATE REGARDING FUTURE ORDERS 3/15/20

IMPORTANT UPDATE REGARDING FUTURE ORDERS 3/15/20

5 minute update

Texas Precious Metals

GoldHermit
Mar 16, 2020 - 10:33am

Will roles reverse?

I honestly don't know this. Could Spec and bank roles become more neutral or even reverse? Putting myself in the place of a banker... if I looked at my book at some point and thought that I could go long and more than offset short losses, I would go for it. Would there be a market? Could I jump before all other banks?

Hypnotized Housewife
Mar 16, 2020 - 10:24am

Hard Copy

Print out checking account and/or saving account statements today, especially if you have opted for paperless.

sexysilverdog
Mar 16, 2020 - 10:24am

What's up with GDJX and SIL?

GDXJ and SIL are up but all the miners I track are way down???

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Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

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